Why I think all crypto is scam - page 5.

alan2here

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Quote from: minairia3 on November 28, 2019, 09:41:34 PM

I feel like you've been scammed big time or invested on some crypto and turn youre anger here in forum big time. Relax men, what you have said is right but dont jump to conclusion, there are still some crypto that blooms even their comes from an ICO. Eth before is an ICO and see how it grows. The roadmap is on their timeline and getting better. How come some project like that could scam us. Maybe for new projects.

In my opinion, I should spend more time researching that project and have a specific plan before investing to minimize risks. I think any investor will have a few times investing in a number of scam projects and this is inevitable because investor sentiment is very easy to manipulate when the market starts to rise.

This year, there were hundreds of different new projects, but those projects soon went bankrupt because no investors were interested. Currently, at this stage you should only hold Bitcoin or Ethereum to earn the highest profit.

TinaK

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You may have any explanation but we will not believe that still some good stuffs are need to be work on price change and investment amount based on that.cryoros are good as well as bad projects are running in the market but market for the crypto never ends we people need to work on the and learn more about the scam attempt to leave it.

minairia3

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I feel like you've been scammed big time or invested on some crypto and turn youre anger here in forum big time. Relax men, what you have said is right but dont jump to conclusion, there are still some crypto that blooms even their comes from an ICO. Eth before is an ICO and see how it grows. The roadmap is on their timeline and getting better. How come some project like that could scam us. Maybe for new projects.

GrosWesh

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I do not think that all projects are scams, although what you have mentioned is valid for many of them. I think it is necessary to be discerning, it is probably the most complicated part to bet on good projects.

AjithBtc

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Quote from: ganeshramk on November 28, 2019, 03:45:17 PM

I am not sure whether all the cryptos are scam. There were some projects which started in early stage of the crypto are real. But only some projects. Most projects that came were scams only. Just to make quick money.

Yes, there were more projects that are much about making quick money. For this reason we can't term each and every project to be a scam. When we talk about scam I've come across projects that run away from the Roadmap but they keep working on it. This is happening with projects, and think of xrp. For years it wasn't known to the world, but sudden growth took it to the top.

ganeshramk

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I am not sure whether all the cryptos are scam. There were some projects which started in early stage of the crypto are real. But only some projects. Most projects that came were scams only. Just to make quick money.

ableh

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If you consider all crypto is scam, but until now you still have them, that means you are a hypocrite! As we know, it is true at this time the most crypto are useless (do not have any real functions) but as long as it is still profitable to make fast money I think this is no problem. Because the important thing is never to get lose, right?

satgoldan

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It seems to me that you are right on the one hand, and wrong on the other, because not all projects do not fulfill their promises, for the most part, yes, but there are a lot of small projects with a narrow circle of investors who drew on their roadmap real promises that can be fulfilled in the realities of our world and they fulfill them. Yes, and we should not forget about such large projects that are now in the top 10, such as ETH, BNB, XRP, when it all started with a road map, and everyone knows how it ended. The main problem of investors is a rush, it is necessary to thoroughly analyze projects and need endurance.

sapnu

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Quote from: kaneki007 on November 28, 2019, 01:39:35 PM

Quote from: makolz26 on November 28, 2019, 11:27:06 AM

yes even a real project and already launch are turning out to be scam after they launched but the project failed and they don't continue anymore with the development, they are just after the fund that they have raised in ICO/IEO and the token they dumped in exchanges, most scam projects are like that they are using professional dev, admins, marketing to look like a legit one.

We often see this and that is the reason why some people think that crypto is a scam. If someone is more careful in investing it might be affected by a scam that will never happen and will definitely do research before investing

At first, when I heard about cryptocurrency, the first thing come into my mind that it is a gambling or a game or what, but when I asked my friends about it, I don't really understand what they are saying until I started to use it by learning on what tips they have said to me, I am actually joining particular bounty campaign to earn crypto and in order to choose some projects, I am making sure that the particular project I want to join in is legit and they will pay me when I do the tasks. I can recognize that by looking at their website and especially in their whitepaper.

mayukus4life

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If you say all Crypto is scam then you have succeeded in adding the father of cryptocurrency (bitcoin) to the list and in essence you know BTC is quite distinct amongst them all. That been said, majority of these cryptos are actually scams with the intent to defraud unsuspecting public. As you rightly mentioned most of these roadmaps are just a way of buying time because the team knows they will not fulfill those goals as stated. Crypto still has a long way to go to be fully adopted, so many persons see it as a means of earning for now. Some can write awesome whitepapers with nothing tangible afterward to show after collecting monies through ICOs and other means.

Marble777

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Well, the analysis is that the road map of a project cannot run well when they start developing a project and in fact there are also many projects that always fail in planning and the results they decide on their projects not to proceed for technical reasons and various reasons, but we also can't close our eyes and give all the scams because there are still many developers who actually develop their projects.

kaneki007

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Quote from: makolz26 on November 28, 2019, 11:27:06 AM

yes even a real project and already launch are turning out to be scam after they launched but the project failed and they don't continue anymore with the development, they are just after the fund that they have raised in ICO/IEO and the token they dumped in exchanges, most scam projects are like that they are using professional dev, admins, marketing to look like a legit one.

We often see this and that is the reason why some people think that crypto is a scam. If someone is more careful in investing it might be affected by a scam that will never happen and will definitely do research before investing

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Quote from: cryp24x on November 28, 2019, 11:52:40 AM

You have really pointed out some of the factors to consider on evaluating a scam campaign. It is true that most of the campaigns right now is a failure but not all of it are scam. Some are legit and some are successful too. We just need to choose carefully where to invest and what we need to support.

Fraudsters have become smarter because they are finding new ways to trick an investor. Nevertheless, the main problem is to find a real promising project among all existing today. I think that you need to choose according to the most important criteria, which consist of how much the project will be in demand in society and whether it will be applied in practice in the everyday life of a person.

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Quote from: kodtycoon on November 27, 2019, 10:08:03 AM

history such as road maps or anything can still be falsified, unless there is a rule that requires them to pass a valid license and in this case the scam project will look like it has a real product which is basically a very different reality. but even so i'm sure there are still many real projects out there that continue to improve their development for the better and investors should be more careful on this issue so that they don't get caught in a loss hole because of the many trap by those scam project developers

With a little bit more care and observations, an investor can easily identify scams and after the invention of IEOs, it has become even easier to plot such frauds. Big exchanges do not let the poor projects to appear. However, the best is to stick with old coins that have proved their worth and potential over years. The main purpose of joining this market is profits and only bitcoin or good altcoins can do that.

cryp24x

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You have really pointed out some of the factors to consider on evaluating a scam campaign. It is true that most of the campaigns right now is a failure but not all of it are scam. Some are legit and some are successful too. We just need to choose carefully where to invest and what we need to support.

Coltpython

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Truth is many people are into crypto just because of the money they can get from it and it applies to both investors and even project devs. Most projects developed have no real use case except maybe a few out there. I am still keeping an eye out for airpod's sleeping pod project though.

makolz26

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Quote from: biddicoin on November 28, 2019, 10:27:03 AM

I agree that many coins are useless and scam, and even most of them is like that.
But, it doesnt mean that all crypto is scam. OP do generalize for all coin which the fact is NOT

There are still many good coin in cryptocurrency, the easiest way to find them is top 10 coinmarketcap
Bitcoin, Ethereum, EOS, Litecoin, Ripple, Stellar, ect. Those are old and well-known coin in cryptocurrency

yes even a real project and already launch are turning out to be scam after they launched but the project failed and they don't continue anymore with the development, they are just after the fund that they have raised in ICO/IEO and the token they dumped in exchanges, most scam projects are like that they are using professional dev, admins, marketing to look like a legit one.

whotheff

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Quote from: biddicoin on November 28, 2019, 10:27:03 AM

I agree that many coins are useless and scam, and even most of them is like that.
But, it doesnt mean that all crypto is scam. OP do generalize for all coin which the fact is NOT

There are still many good coin in cryptocurrency, the easiest way to find them is top 10 coinmarketcap
Bitcoin, Ethereum, EOS, Litecoin, Ripple, Stellar, ect. Those are old and well-known coin in cryptocurrency

They are in top10 of what? Power usage? Low fees? Greatest decentralization? Highest security? Ease of use? Real world usage?

whotheff

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Quote from: aemma on November 28, 2019, 07:14:36 AM

If all crypto is scam I wonder why Bitcoin is still dominating, I wonder why till date it is the most valuable coin. That many projects are not in line with the idea of this space doesn't mean that other projects are same. A coin like Eth is trying its best, Bitcoin is waxing strong so why terming all coins as scam.
On the other hand, am not saying there aren't scam projects but saying all crypto is scam is too much to bear.

Actually I HOPE crypto will see better days. I like blockchain tech and it's idea. What I don't like is constant scams, cloned projects, projects with no reason to exist, projects which want to become the only currency for the whole world, projects which cannot offer anything different from the basic decentralized shit, scalability shit and other pumped up words. They are all like leeches, suking the living juice out of crypto.

biddicoin

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I agree that many coins are useless and scam, and even most of them is like that.
But, it doesnt mean that all crypto is scam. OP do generalize for all coin which the fact is NOT

There are still many good coin in cryptocurrency, the easiest way to find them is top 10 coinmarketcap
Bitcoin, Ethereum, EOS, Litecoin, Ripple, Stellar, ect. Those are old and well-known coin in cryptocurrency

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