Arrgh, I've lost 50$ of my investments if I sell at the current price, damnit... This is scam, all the devs are bastards!
Topic: Why people are calling projects as scam when they are in a bear market? - page 7. (Read 825 times)
March 14, 2020, 04:47:09 PM
Yeah, people are thinking with their heart not their mind
Arrgh, I've lost 50$ of my investments if I sell at the current price, damnit... This is scam, all the devs are bastards!
Arrgh, I've lost 50$ of my investments if I sell at the current price, damnit... This is scam, all the devs are bastards!
March 14, 2020, 12:41:37 PM
Actually it is kinda hard to see better projects these days,imo.
This bearish market kinda hides every possibility of the great projects, and we might expect this to continue for more weeks or even months if we don't recover. This is only when people looks into the price of the coin itself rather than the "content" of the project.
If people are kinda having the anxiety of investing right now, it would be better to wait for the return of the bulls. Bitcoin is still kinda down to 5k, just yet.
This bearish market kinda hides every possibility of the great projects, and we might expect this to continue for more weeks or even months if we don't recover. This is only when people looks into the price of the coin itself rather than the "content" of the project.
If people are kinda having the anxiety of investing right now, it would be better to wait for the return of the bulls. Bitcoin is still kinda down to 5k, just yet.
March 14, 2020, 10:30:01 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.
Honestly, the biggest reason is lack of communication from the teams and failure to keep doing something. If a project is fine and there is nothing wrong with it and team is not a scammer and actually decent, people could still call it a scam if they do not work on the project constantly, I mean you can't just expect to do a project and when you release it just be done with it, that is not how it works, you need to actually work on it and make a difference every 3 months.However, there is also fact that even if you do not do too much, you should at least talk with the buyers, on telegram, on slack, on discord or whatever you want and keep it updated, your twitter feed should be 3-4 tweets per day at least, keep in touch with the world. When you do those two you won't be called a scam.
March 14, 2020, 08:14:50 AM
Bear market can expose crappy projects or kill off weak projects but you should understand that humans have different ways of judging things, we investors are here to make gains but many investors can't digest loses from their portfolio, once a coin start losing value they start complaining
March 14, 2020, 07:57:05 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.
when bad times happens people are desperate and looking for magical solutions they don't understand.Most of the people are aware of crypto in general, but have 0 idea what it actually is.
So in order to multiply their holdings they invest in crypto with high expectations which obviously won't met.
And those angry people don't know where to do else than leaving negative feedback on decent service
March 14, 2020, 07:55:59 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.
Once a project has the coin going down in price, that mentality comes in most people. It's really very bad because not only does it affect the project, it affects cryptocurrency in general. Then again, that name shit given to coins with very low prices doesn't make sense at all. Like you rightly said, the market determines these prices not the project. If people so wish for the price of a coin to go overboard, why not invest huge and help push the price up, why condemn it?
March 14, 2020, 07:46:11 AM
People want to earn money in any markets and like to spread FUD. Thats why here a lot of "scam" projects
March 14, 2020, 07:51:09 AM
I agree with you. because for now with the current bear market conditions we should help by promoting the Altc project instead of appointing it as a scam program. not all programs developed by Altc are scams, but to ensure that we can ask the project developer directly through their group telegram channel. I'm sure the developer will provide whitepapers and their steps in the future. with current market conditions there are indeed many programs that haven't registered their coins in the market, so don't say it's a scam. they just wait for the bull later and the tokens you receive will be expensive in the market.
March 14, 2020, 07:15:50 AM
That's why majority makes mistake in investing in crypto because they are too emotional, when the value of their investment fall significantly, they seem to panic easily, and you know what? that's what the whales likes to see as they can take advantage of the weak hands.
Actually its not only on altcoins but in BTC as well, look at the market now and tell me there is no panic, what we are seeing is the weak hands are dumping again, they may regret investing but its the reality, if they can't wait they'll dump and whales take it.
Actually its not only on altcoins but in BTC as well, look at the market now and tell me there is no panic, what we are seeing is the weak hands are dumping again, they may regret investing but its the reality, if they can't wait they'll dump and whales take it.
March 13, 2020, 11:14:30 PM
That is the psychology of man, when they are disappointed and impotent, all they can do is yell out, saying shit about those projects. They do that as a revenge action and this will make them feel better. Psychology of human is the same and repeatable, so we see kind of those actions many times in every channels of those projects
March 13, 2020, 10:58:38 PM
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.
I think people that think of that are those who are not open minded. Just because value has turn down they already concluded scam one. With the bear market, funds are not easiliy raised and even developer are having a hard time dealing with it. What worse is those that creating fud or scam are those people without any investment at all in short the bounty people.
March 13, 2020, 07:40:38 PM
Unfortunately, this is the case. Most people really don't go into the details of projects at all and just make a conclusion based on the price of the coin. But in most cases, projects do become scams. So this is a very twofold situation. We can say that just based on this fact, people make a hasty conclusion.
March 13, 2020, 07:18:51 PM
It's more of a domino effect because the majority of the projects that showed dump for their price before have been seen to be performing like that, as a scam.
But calling it a scam without strong evidence or hint, I guess it's just part of the frustration.
But calling it a scam without strong evidence or hint, I guess it's just part of the frustration.
If there is no trading movement after the dump, then, more than likely the dev exited already. Because if there will be real development, they won't let their coin die in exchanges. They will find ways on how to keep it alive. But if months passed, and no news or updates. They certainly abandoned the project.
March 13, 2020, 07:13:17 PM
It's more of a domino effect because the majority of the projects that showed dump for their price before have been seen to be performing like that, as a scam.
But calling it a scam without strong evidence or hint, I guess it's just part of the frustration.
But calling it a scam without strong evidence or hint, I guess it's just part of the frustration.
March 13, 2020, 04:50:20 PM
That is the narrow thinking that we must avoid. Some people are just money-oriented so they think about how to get as much as possible right away. Without thinking about the long-term effects and other factors that support and hinder price movements. I really hate people like that, usually just demanding, spreading hatred.
March 13, 2020, 04:43:27 PM
Yaps, the person said by the OP may be a beginner who is new to the world of crypto, and all of the development of the project is only based on a price or value, even though the assumption is not entirely true. in the bear market the fall in altcoin prices is a natural thing, especially also the panic of traders and investors due to FUD news that spreads related to the project.
If a project is solid and the team is also active in developing the project, plus the products they offer are very interesting I think even though when the bear market is not very influential on prices.
If a project is solid and the team is also active in developing the project, plus the products they offer are very interesting I think even though when the bear market is not very influential on prices.
March 13, 2020, 04:40:49 PM
Most times a good project is not measured by it's trading price. But a good performing project should be trading at a good price. Majority of these projects are not communicating with their community and also not developing anything. The effect of this is very visible on the price. Bear market is affects every projecr with different range. But a good project will quickly recover after any dip
March 13, 2020, 04:09:13 PM
People won't change,this has become a norm for them,once a project suddenly witness a down trend in price,the next people would say is it's a scam project not considering the time we are , presently any coin would go down considering that BTC is even facing a downward trend. That attitude should stop.
March 13, 2020, 03:20:18 PM
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.
Not all the coins in the crypto market are real. When the team and developers talk about different development during ico. And after ico they forget about everything and development is not progressed. Prices of tokens fall regularly and do not see an opportunity for recovery. Investors then call the project a scam. Everyone is invested in ico for profit. If the prices have dropped 30-40 times then investors have nothing else to do.
March 13, 2020, 03:06:42 PM
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.
Word scam is used to much in crypto. Some projects specially ICOs were total scams. So those that started them just took money and go lying on the beach somewhere. Others were that those that started project have no knowledge how to make it. So is made bad and even if it would be perfectly made would bring no profit to those that bought ICO coins. Those coins are of course not even share of a project but just a useless coins/tokens. This people are nor really scammers since they are doing what they wrote in their white paper. But on other hand they took investors money and will not give them anything useful in return.
For coins that should act as a currency all premine is a scam. Money made out of thin air. There are quite some such.
Price at all this is totally irrelevant.
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