Topic: Why people are calling projects as scam when they are in a bear market? (Read 825 times)

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You are spreading misinformation.

Prices do reflect the legitamacy of a coin. Look at Creditcoin for example

invested in by coinbase, y combinator etc
already up 6000% this year.

If it wasnt legitamate why would the price increase that much?

One thing for sure, is that prices don't reflect a cryptocurrency's legitimacy. I've seen many worthless altcoins being pumped in price across the market. But they turned out to be failures over time as they were unable to provide real use cases for the mainstream world. Nowadays, people are focused on making money than using crypto's core Blockchain technology for their own benefit. They don't care if a project is hyped or inactive in development and innovation. As long as an specific cryptocurrency fills their pockets, nothing else matters. When a bear market comes, they come "whining" across different social media platforms (this forum included) because of undesired losses. Shame on them for not doing their own research.

Besides, crypto is not about price but rather how useful it is within the mainstream world. As long as a cryptocurrency project focuses on decentralization, censorship-resistance, and security above anything else, it'll do fine regardless of its price on the market. The fact that most people are using Fiat as a unit of account to determine the value of an specific cryptocurrency, brings speculation to the entire blockchain space. If you're smart, you'd take your time to performing a research on the project's team, development efforts, and long-term vision before making an investment decision. That way, you'll reduce risks as much as possible when a bear market comes into play. With or without a bear market, crypto will stand strong as an alternative system to the world's monetary system. Just my opinion

Unfortunately, but if the project kept its funds only in cryptocurrencies, and as we know within two years of the bear market, prices have fallen by more than 90%, it probably lost money, which at the beginning allowed the project to be completed. Often people say that the project is a scam, but really its collapse is the cause of error or poor management and was not intentional. We should see difference between intentional actions, which are scam, from mistakes of developers.

Actually fake project always be fack and their no have target long run, then like they want scam suddenly. We can got it bear market a project but if they have enough good working product before. Therefore, we can trust bear market for every project we will keep bear market those projects like activity very well with promising.

I agree, that is the most common thing that the developers do nowadays. After successfully launching the project, they will have their exit scam. The price of their token will drop to the bottom of its price and there will be no developments coming.

i see a lot of fake projects in crypto . and by my experience : first i check whitepaper then i see team and site and then if i see a dot (.) by mistake around thats could be a scam .maybe i make a bad example so i make another one i see team and then 1 adviser picture is empty or something like that.so the company that have not enough power to take a picture and put it in whitepaper cant even grow his coin in crypto market.

People can easily judge a certain project by seeing its price,

They tend to call it a scam just because its price suddenly drops even without knowing the reason or if we are in the bear market. The reason behind this is they expect more from the project and they are not able to make their expected profit by investing in it that is why they easily judge and call it as a scam.

Even if they never pump it, the scam projects will abandon the project after they finish the ICO and IEO. I recently saw a few similar projects like Blockburn, after completing IEO, the price of the token has dropped 30 times compared to the original. Obviously this is a shady and scam project

You are absolutely right! The fact is not the bear market! Rather the project team becomes afraid of losing money because of the bear condition or they were dishonest from the beginning, so, they make excuse by showing the bear market! When a project stop bringing updates, developing the ecosystem, stop answering questions or giving some repetitive answer, when the volume goes low to dead that time it is normal to think this project is going to be dead or scam very soon! Fun fact is most of those types of projects were finally scam in 2018! So, now when an experienced crypto guy sees a project with those nature, they start calling it a scam!

EXACTLY. 99% of projects are scams and whether its a bear market or bull market it doesn'tm atter the price will dump anyways.

the remainig 1 percent for example CREDITCOIN is killing it with up 6000% this year, because regardless of bull/bear market for bitcoin real projects are in a bull market.

People do so maybe when their expectations weren't met at all, not even half of it or if the team aren't passing Information to the entire users on the latest achievements, upgrades etc; it could be for a number of reasons and most of the times they are right. Most team are just not serious and will use every given opportunity to shift blames thus when bear market starts they shift the blame without doing anything to keep the users active let alone working on their project which leads to lose of interest from the users thus further decrease in price of the platform's token.

Despite the market season, evidence of scam projects is there. If a project is scam in or out of bear season there are signs to prove it. Mostly its always pumped and dumped and eventually everyone lose their funds.

Because if Price isn't increasing right now , 99% chances its a scam.

Coins that are NOT scams are increasing in price.
For example look at Creditcoin. Already up 6000% this year...Why?
Because its NOT a scam lol

60 percent of coins on the coinmarketcap are also scammers. Coinmarketcap adds projects not because they are bad or good. terms of addition are trading volumes and capitalization. these criteria can often be created artificially to get listed on this platform

Even some time CMC is not accurate in order to find the potential coin because many fake companies are using bots in order to trap the investors. Of course, every company will fail to generate enough volume during the bear season and that's why many people will suggest choosing top volume coin for investing.

Bad projects are of different levels, some projects will perform worse in any market condition, some relies on Bitcoin uptrend movement, projects that are pump and dump or copycats are worth calling scam, one reason why coinmarketcap is useful is rating on projects, go for top coins only

Ah if you are seeing the recent chart about the comparison between the activity and the price that has already happened with its own asset and you will see the majority of projects have already shown good performances at all. I think that you must see that as soon as a possible dude. Some people feel stressed caused by they have been losing their money from the whale.

The one you are telling is obviously a scam project. But when bear market strikes, dumping of prices are really happening but if a project is a legit, the team behind the project will continue to update about the project and won't never stop until the project comes to an end. Unlike a scam project that will suddenly vanish out of the blue without even the knowledge of the bounty hunters.

It's basically now a term for a project that it's no good and you will lose your investment. Like a scam. But yeah, too many people use the term loosely.

You probably don't know much about these projects, do you? They don't just stop working because of the "bear market". They stop working because they managed to successfully scam their investors (and the bounty hunters included). Just because a bear market is going on doesn't mean that they will stop updating its users about what is happening. And if you really think they stopped working because of the "bear market", then why don't they return later when the market is back on rise?