Why I think all crypto is scam - page 6.

bettercrypto

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Quote from: Colt81 on November 28, 2019, 08:49:01 AM

Quote from: aemma on November 28, 2019, 06:14:36 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.

Cryptocurrency is actually not a scam, especially bitcoin because there is a lot of proofs that a lot of people have already earned a huge amount of money from their investments. I think you should be specific because not all cryptocurrency is a scam the only that is a scam in the crypto world is some projects who attracts investors and bounty hunters, so they could steal from them.

Earnings are not an assurance of legitimacy of an investment. There are ponzi scheme which will give you money at first then steal it again to you. Yes, there are also people that given an opportunity to change their life during the peak of bitcoin. But most of us lose our money on it.
OP talked about the possibility that crypto might give to traders as well as investors. The possibility to be scammed in crypto space. Even, crypto gives a lot of opportunity to all.

Triffin

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Quote from: cudora on November 27, 2019, 07:23:00 AM

You can say so about the majority of coins on tokens that are already live on the market and you will be right. People have blindly invested in poor projects back in 2017, now you must have a working product to collect a soft cap and in my opinion it is a good progress.

That’s really bad if people invest their money in New projects that they even don’t know and later on they blame the projects so it’s much better to save yourself from a scamming project and involve with well known. In 2017 people lose money because they did not sell on right time but now there are so many ways to gain knowledge so keep learning than investing blindly.

Colt81

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Quote from: aemma on November 28, 2019, 06:14:36 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.

Cryptocurrency is actually not a scam, especially bitcoin because there is a lot of proofs that a lot of people have already earned a huge amount of money from their investments. I think you should be specific because not all cryptocurrency is a scam the only that is a scam in the crypto world is some projects who attracts investors and bounty hunters, so they could steal from them.

aemma

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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.

andika2018

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Quote from: Novatech8 on November 28, 2019, 03:48:31 AM

I refuse to believe that all projects are scam because where there is losses there will always be profits, many old altcoins are good and they have been around for years, i don't see how they are scam either market is bad or not

Because the number of coins or tokens that do not have a large transaction volume, does not mean that all crypto on the market are scams. Of the 4000 altcoin on the market, in my opinion there are more than 150 coins and good tokens as investments and have partnerships with famous companies. This indicates that in the cryptocurrency market, we must always do research first before investing so as not to end up on a scam project

whotheff

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Quote from: rajsimran on November 27, 2019, 09:02:10 AM

Quote from: cudora on November 27, 2019, 07:23:00 AM

You can say so about the majority of coins on tokens that are already live on the market and you will be right. People have blindly invested in poor projects back in 2017, now you must have a working product to collect a soft cap and in my opinion it is a good progress.

People invested that time because of HYIP. Also few people made huge money. But that time who entired in crypto they lost huge money. That's why people lost Their faith and many investors left the crypto area.Because of huge loss people saying that crypto is scam.now days if investors invest money in crypto they should choose right coin/token. investment without research is risky and investors can lost his money.

It is not because people lost huge money (due to low price), but because many projects exitscammed, exchanges robbed themselves
(yesterday Upbit "was robbed" $48 000 000 worth of ETH) and you could see the true human nature - take and kill instead of build and thrive.

Shallow

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Irrespective of the fact you have pointed out a good level of truth but I still think you should add "some" to your title or to your write-up. Bitcoin isn't scam and it was the belief you had or have in it that brought you here. I bet in your wallet there is either ETH or some other coins you trust, so if they all are scam why holding it? I tend to have my reservations when saying crypto is scam.

MI6

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Quote from: imutlinda on November 28, 2019, 03:54:59 AM

Quote from: Novatech8 on November 28, 2019, 03:48:31 AM

I refuse to believe that all projects are scam because where there is losses there will always be profits, many old altcoins are good and they have been around for years, i don't see how they are scam either market is bad or not

The crypto market is now quite large and also has good trust in the world, so people also believe that there are coins that are beneficial and also detrimental. There may be projects that are detrimental due to fraud or others, but we can also see projects that are really real.

Maybe OP think altcoin is that new come from ICO. Grin

And never look back when cryptocurrency is a lot and have different types. If all crypto is scam then what will happen with bitcoin which give profit for it's holder if they can manage it well.

imutlinda

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Quote from: Novatech8 on November 28, 2019, 03:48:31 AM

I refuse to believe that all projects are scam because where there is losses there will always be profits, many old altcoins are good and they have been around for years, i don't see how they are scam either market is bad or not

The crypto market is now quite large and also has good trust in the world, so people also believe that there are coins that are beneficial and also detrimental. There may be projects that are detrimental due to fraud or others, but we can also see projects that are really real.

Novatech8

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I refuse to believe that all projects are scam because where there is losses there will always be profits, many old altcoins are good and they have been around for years, i don't see how they are scam either market is bad or not

Anonylz

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Quote from: crossabdd on November 27, 2019, 06:02:23 AM

how will a project or project team be able to recruit investors and raise funds quickly if they make a roadmap and other plans for more than 3 years? that is the way they attract investors. creating a wallet program that isn't important to make sure they make the product. make partner and other labels. it is a strategy. more than that, do investors now have confidence in the current project? not. they are just looking for a pump and exhaust to make quick profits. and leave it. so, everything is balanced. no need to hold. buy, sell, then leave.

Anyone who have this mindset shouldn't bother about investing at all, there are hardly any project as of late that will generate any investor such fast money back especially at the present market status, this is not bull run season so many project after ico often go below ico price, in this case, it will be difficult for the investors to regain there money back even if you don't intend to hold, the only best option is to trade for quicker profit, since investors are not ready to wait a while for project to develop,
On the other hand, if you are lucky the project hit the exchange and price is up, sell and move to the next project.

kodtycoon

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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

rajsimran

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Quote from: cudora on November 27, 2019, 07:23:00 AM

You can say so about the majority of coins on tokens that are already live on the market and you will be right. People have blindly invested in poor projects back in 2017, now you must have a working product to collect a soft cap and in my opinion it is a good progress.

People invested that time because of HYIP. Also few people made huge money. But that time who entired in crypto they lost huge money. That's why people lost Their faith and many investors left the crypto area.Because of huge loss people saying that crypto is scam.now days if investors invest money in crypto they should choose right coin/token. investment without research is risky and investors can lost his money.

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cudora

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You can say so about the majority of coins on tokens that are already live on the market and you will be right. People have blindly invested in poor projects back in 2017, now you must have a working product to collect a soft cap and in my opinion it is a good progress.

Greatchu

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Eradicating poverty is one of the features of crypto and so far they has proven their worth, many lives are been changed over time so either scam or not as far as it can still change my life i will stick with this technology for years to come, we have many scam projects but many good projects have already been around for years already, enough time to exit scam but they didn't.

crossabdd

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how will a project or project team be able to recruit investors and raise funds quickly if they make a roadmap and other plans for more than 3 years? that is the way they attract investors. creating a wallet program that isn't important to make sure they make the product. make partner and other labels. it is a strategy. more than that, do investors now have confidence in the current project? not. they are just looking for a pump and exhaust to make quick profits. and leave it. so, everything is balanced. no need to hold. buy, sell, then leave.

whotheff

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Quote from: pantek talacuik on November 26, 2019, 12:49:52 PM

Quote from: kerjakuat on November 23, 2019, 01:07:05 PM

Quote from: ?? on ??

Quote from: aramine on November 23, 2019, 07:40:55 AM

The pure truth is that crypto is a game of scam and many only stick to it just because of the possibility of quick money. The technology we are promoting is transparent and have what it takes to transform the world but human factor of not being able to do the right thing in an atmosphere that doesn't force them to be accountable of their actions is the shortcoming of this industry

So everything that's happening right now is a scam way to get people to believe in all this. This is very surprising and just thought by me.

We all believed that cryptos might can change our life someday and to be honest it just like a quick money making if we do it correctly. I believe that peoples will accept cryptos and will be use on all around the world without banning it.if this happen bitcoin and other cryptos will pump up for sure.

Good hopes will continue to emerge from the crypto world for everyone. People won't want to see something like this happen again next year and if it happens again it will get worse. Crypto users will experience a very rapid decline.

Believe is a something which is not based on hard facts. In fact, it is not based on anything but some weird internal feeling, often mixed with desire.

Even if you have a decent project with unique technology, it usually does not have enough money for marketing.
Who can stop anyone with money to just clone the project, invest the money in it and flush the original (you) in the drain?

pantek talacuik

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Quote from: kerjakuat on November 23, 2019, 01:07:05 PM

Quote from: ?? on ??

Quote from: aramine on November 23, 2019, 07:40:55 AM

The pure truth is that crypto is a game of scam and many only stick to it just because of the possibility of quick money. The technology we are promoting is transparent and have what it takes to transform the world but human factor of not being able to do the right thing in an atmosphere that doesn't force them to be accountable of their actions is the shortcoming of this industry

So everything that's happening right now is a scam way to get people to believe in all this. This is very surprising and just thought by me.

We all believed that cryptos might can change our life someday and to be honest it just like a quick money making if we do it correctly. I believe that peoples will accept cryptos and will be use on all around the world without banning it.if this happen bitcoin and other cryptos will pump up for sure.

Good hopes will continue to emerge from the crypto world for everyone. People won't want to see something like this happen again next year and if it happens again it will get worse. Crypto users will experience a very rapid decline.

crustycrab666

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Quote from: leavolnhals on November 23, 2019, 09:28:26 PM

You are right but not all coins in crypto market, but new projects. all the top coins have achieved what they promised investors in AMA sessions, such as Binance promised to buy back the coins and burn, they did.
The problem here is that we should not rely too much on the promises of shitcoins, because the CEOs just want to make money from investors and run away.
[/quote]So do not ever involve large amounts of funds for new coins or tokens. That's a high risk. It is better to choose a project from coins and tokens that already exist and are proven to show good development of the projects that they are developing.

Topic: Why I think all crypto is scam - page 6. (Read 2305 times)