Those people you are mentioning doesn't even know the word "platform". They've been judging a particular coin based on the price when bearish market exists but not the project's protocol itself. Doesn't even understand that the coin belongs to cryptocurrency where the price may flactuate.
But, if ever they have experienced a bad situation from their previous coin, they shouldn't point their fingers to all the crypto coins. Reputable coins do exists even when they price fall.
Topic: Why people are calling projects as scam when they are in a bear market? - page 5. (Read 841 times)
April 02, 2020, 03:15:17 AM
April 02, 2020, 02:59:42 AM
Of course, there are a lot of different situations, if of course the project develops and its technologies and capabilities are constantly updated, but if the token price falls during the bear market, of course you can’t say that the company is scam, you just need to hold the token of this project until the cryptocurrency market begins to grow.
April 02, 2020, 01:59:36 AM
They just frustrated and have no faith on cryptocurrency projects anymore because too many scams.
I think we need to wait for the bear market to end, so we can find a good real project when we research thoroughly.
I think we need to wait for the bear market to end, so we can find a good real project when we research thoroughly.
April 01, 2020, 05:47:35 PM
The ironic thing would be the scam operation could easily have a booming price, a ponzi setup will often ramp prices in a misleading way. That line of thinking is like judging a car by the paint colour, pure face value judgement. Historically BTC had no real price to it for a long time, it was just a project idea mostly by those who understood it had some unique qualities to it. So thats all I'd call out for projects now, utility and quality to execution matters more initially then just price.
Sooner or later every project will be tested and called upon in some way, hopefully most find themselves of good use.
Sooner or later every project will be tested and called upon in some way, hopefully most find themselves of good use.
April 01, 2020, 05:35:25 PM
they vent their frustration after their assets value drop again for long time and dont know when it will recovered. and even some of them from bounty hunter shouting scam due postponed bounty distribution. investors and traders very frustation after market drop alot and they lost lot of money.
April 01, 2020, 03:46:04 PM
It's not only the price of the token that decides if the project is a scam or not. During or after IEO, we may come to know about development updates, team updates and can smell about scam projects. If the token is already listed, the exchange on which it listed, plays a big role. False trading volumes are now very usual things for scam projects and their exchanges. At whatever stage, we identify the project as a scam, we must leave it.
April 01, 2020, 03:18:47 PM
The reason why people do that is because of some team reactions towards their projects in bear period. Some act as though it's not their concern by not updating users and not even standing for their projects. And some do even sell of all tokens during bear which makes their project not to even come up anymore. Not all coins survive bear period anyway. Just few that gave working product and real/ good team
April 01, 2020, 02:36:47 PM
Do you now mean there is no scam project?
The only thing I can use to justify this scam project is that, there are some project that could not get up to what they budgeted and couldn't meet up with the payment promised and in the vein, escape. Their error is that they would not inform the participants. But however, it is still a scam.
The only thing I can use to justify this scam project is that, there are some project that could not get up to what they budgeted and couldn't meet up with the payment promised and in the vein, escape. Their error is that they would not inform the participants. But however, it is still a scam.
April 01, 2020, 02:22:49 PM
That is how it is with humans, perhaps because of so much losses and disappointment,once they see any project going to negative way especially in price,they forget that the market conditions can greatly affect a project,or it could be because of past experience from previous project they invested in and as such qualifying any project as scam is so easy.
They are not focusing with the market but only for the price that they are aftering, more people are forgetting the law of demand thinking that after placing their investment they will get the outcome that they've expecting. This kind of attitude mostly being seen inside this industry. April 01, 2020, 02:28:27 PM
This is kind of normal market behavior where people lack patience and want to make profit quickly as most of investors are in for hit and run or flipping where they keep jumping from one coin to other after taking profit but we know that this strategy does not work in bear markets and this time around we are facing elongated bear market that is why people feel discouraged and i know how it feels as i am also in the same ship. I hope market will take a turn soon.
April 01, 2020, 02:09:16 PM
Projects which loses its value when it reaches the market are not scam projects but they are shit projects there is a lot difference between scam and shit.Scam projects are not even existing projects they will run away with your money once the sale ended but shit projects doesn't not have any utility so their prices are going to hit the bottom when it reaches the marketplace.
Anyway in bear market you can't find which one is legit and shit so if you don't have enough experience on research then you shouldn't be invested on projects.
Anyway in bear market you can't find which one is legit and shit so if you don't have enough experience on research then you shouldn't be invested on projects.
April 01, 2020, 01:57:26 PM
That is how it is with humans, perhaps because of so much losses and disappointment,once they see any project going to negative way especially in price,they forget that the market conditions can greatly affect a project,or it could be because of past experience from previous project they invested in and as such qualifying any project as scam is so easy.
April 01, 2020, 01:55:49 PM
When people invest in crypto project or participate in some bounties they are waiting for fabulous profit and when they don`t get it, they consider that they are deceived so they write everywhere that project is scam
April 01, 2020, 01:19:34 PM
at least that's how it is now, people do consider coins with a falling value as a bad project, even though the reason could be that market conditions and btc prices continue to fall.
No problem with that, they are just not familiar with market conditions like this
No problem with that, they are just not familiar with market conditions like this
April 01, 2020, 12:07:11 PM
Sometimes people are very emotional when the price is down, so some people will just accuse a the project as scam without any valid reason for it, they fail to realise that there are two side of market, when the market is up and when it's down, bear market does not signify a project is scam.
April 01, 2020, 11:39:41 AM
I kinda noticed that people will just easily call a project scam without even researching about the project, their judgement is solely based on the price and does not consider that most altcoins are affected by the bear market. If they can't change their mentality, this would affect the reputation of the project, this is like destroying a project's reputation in bad times, instead of helping them.
That's right and that was the wrong practices of the people in which they are easily saying that the project is scam or the project is not legit even though without any proper research or any reading on the whitepapers of the projects so it is still bad because they are making a false information to others and may brought negative image to the projects. April 01, 2020, 11:22:33 AM
I kinda noticed that people will just easily call a project scam without even researching about the project, their judgement is solely based on the price and does not consider that most altcoins are affected by the bear market. If they can't change their mentality, this would affect the reputation of the project, this is like destroying a project's reputation in bad times, instead of helping them.
Bear market is not a excuse for a project failure or a getaway, I've seen projects that get launched in bear market that turn great, unlike new projects that aren't sure about the quality of their project, so all they do is wait for a bullrun season, this means the project is not good enough April 01, 2020, 11:07:37 AM
Even if we are in bear market and a project get listed on exchange there should be good bottom if the project is good enough, if it's a bad project the price will keep going down and might never recover soon, my advice is developers should build quality projects instead
Bad projects will not pay attention to tokens that are already on the exchange, they will leave it abandoned, even the project has been done and we have encountered, but we must avoid when the bear market arrives, so do not choose coins that do not have the potential for the future. because it will be difficult to rise when the market is recovering so the actual project as many have left it.
April 01, 2020, 10:42:51 AM
Even if we are in bear market and a project get listed on exchange there should be good bottom if the project is good enough, if it's a bad project the price will keep going down and might never recover soon, my advice is developers should build quality projects instead
April 01, 2020, 10:31:36 AM
I kinda noticed that people will just easily call a project scam without even researching about the project, their judgement is solely based on the price and does not consider that most altcoins are affected by the bear market. If they can't change their mentality, this would affect the reputation of the project, this is like destroying a project's reputation in bad times, instead of helping them.
Because people in this forum had seen it all and usually right about it calling the project scam when they see one.
It is normal for them to think that way,
Most people become uneasy when they see the price of their investment starts to decline. Maybe they don't actually know how the crypto market works or circulate.
Most people become uneasy when they see the price of their investment starts to decline. Maybe they don't actually know how the crypto market works or circulate.
Well if they don't profit, it means something is wrong especially when teams don't respond. One of the ways to make a team member respond to question is to call them scam. And upon further investigation of scambusters here, they are usually correct.
So a tip for the team to avoid this is to respond to inquiries and questions from the forum users. Don't just forget about them because you already got the funds.
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