Topic: Why'AltCoin and related projects mostly been promoted by lower rank memebership? - page 2. (Read 251 times)

Low ranking or being a newbie doesn't mean that he is actually like that, because creating an account on this forum is free so that at any time and anyone can create more than one account, so it could be a member who has been on this forum for a long time and has paid attention to what is currently trending then create a new project using a new account to avoid problems with the old account if it turns out the project doesn't go according to plan, but actually if someone does what I mentioned it proves that he is not sure he can develop his project well and his focus is only to get money after that go, and come back again with the same way but with another project.

It's a common practice here in the forum, I'll see newbies accounts that'll from their first post trying to promote a new project, with all the hype and promises that the token will make investors rich, but as usual experienced members will always counter them that it's a scam. I've even seen a new account that promoted a project on this board, and like 10 other accounts that were also created immediately began to also hype the project, the whole thing became so childish. Any genuine project that wants to promote in this forum should do the right thing, like Eloncoin.

Not every new project is ready to spend money from their pocket to advertise their product, so they chose bounty campaign which pays in their tokens and reputed members usually prefer to join in the campaigns that pays in bitcoin which is the sole reason why you don't see higher ranked members are not promoting the projects that pays in tokens.

I think that many times the lower ranking members that heavily create topics about altcoins have something to gain. I’m not sure if this is what you mean but it is my observations. The accounts I see most times are really new accounts asking for advice about a particular altcoin, but to me, it seems they are just seeing who they can convert to an investor in just a read. Seems to me like this is their only reason of existing here in the forum.

Those guys see altcoins as a shitcoins in which can't stand the rest of time so they don't have the interest to participate in them. And some believed that altcoins are to scam people and probably because of what has happened before. But there are some altcoins that good to invest and not all altcoins have the nature of scamming investors. And finally they believe that altcoins can't endure the long term signature campaign and they like to stay in a campaign that live long and not the once that comes here and stay for like 4 week and stopped.

Most of them are pretty scammy, newish or just in general not something that is worth their participation. Most of the time these campaigns of altcoins reward the coins that they promote (or of the project that they promote) and they're valued to absolutely close to nothing once they're given out or are available to sell. Compare that to in general, projects that actually give out something, it's reasonable to expect that most people would prefer talking about those coins to temporarily hyped up coins.

If they started improving in quality then people would naturally start talking about them imo.

Because old members have seen way more altcoin scams then new members. So they A: don't want to promote something that's probably a scam and B: they know that those tokens probably aren't going be worth the time.

Most of these projects give themselves a valuation, like distributing 100$ worth tokens per week and that's purely based on marketcap they themselves are setting. Just the distribution and tokenomics can be a cause to huge sell off at the start. Like giving free tokens all around, or giving huge discounts to early birds and assuming they wouldn't sell at any profit. There are so many ways these scams operate and so many things that these alts can fail that it would need whole another seperate thread. But at least 95% of them will fail nearly instantly. Many of them are going to be slow rugs and just poorly organised projects, and tokens no on needs. Number of failed new projects goes near 100% when it's a bear season.

I have a theory that if newbie accounts are shilling about some new altcoin, it's 100% scam. They are either the 5cent army funded by the developer or the developer's own desperate measure to get attention. Whatever be the reason, I don't think they are achieving anything except for some backlinks. Almost all of the members are intelligent enough to research on their own rather than believing a statement by another anonymous user.

Most of the altcoins promoted on this forum are hit & run projects, therefore it's too risky for higher level users to promote them, I'm not just talking about signature campaigns here, but also about the topics opened in Altcoin Discussion. For the second question, IDK the answer for sure, but for some time I've seen accounts that were prepared to enliven several projects, for example this user: Cryptoababe

You should know that despite having a section for altcoins discussions, this forum was meant for Bitcoin discussions only but the reason why the altcoins discussions section must have been created is because Bitcoin is also a cryptocurrency and other cryptos often referred to as altcoins, shitcoins, meme coins also follows after Bitcoin so there are users in the forum that have a broad knowledge about Bitcoin and also invest in altcoins.

Not only high ranked members but majority of forum members doesn't visit the altcoins discussions session because their interests in mostly towards Bitcoins and nothing else. Some others who also stays away from the altcoins discussions may be victims of either getting scammed or they invested and lost all their money on altcoins so those kind of people doesn't near anything altcoins related discussions.

Moreover, if you also navigate through the altcointalk forum, majority of discussions there are also about altcoins discussions and only few talks about Bitcoin there and majority of the people discussing about Bitcoin over there are basically people that either teleported their accounts to the altcointalk forum or they moved out of Bitcointalk forum and finds the altcointalk forum more convenient for them to dwell in.

In summary, majority of BTT members don't find altcoins safe enough to invest in that is why they pay less attention to altcoins discussions, in other words altcoins are not reputable projects to invest in.

Both are possible, but if the project is unable to run a promotional campaign that worth thousands of dollars, it cannot promise investors millions of dollars.
If there is a project that tells you that you will become rich, and yet its spending on promotional campaigns is very low, this is a sufficient negative sign to ignore investing in it.

I don't think so that's a right statement. This could be a possibility that you might be a new member to the forum from a year or some months. Memecoins have taken control of the market since they have started to give some good profits on investments.

But the individuals with good experience share their thoughts on altcoins as well and mostly altcoins give you some good profits that's why they're not discussed mostly in speculations or trading.

Simple, the altcoins project pay less than the project that paid in Bitcoin.

Many of respected users in this forum get paid around $100-$200, if there's an altcoins project willing to pay $300 or more in Bitcoin or top 10 altcoins, I believe many of them will leave their current campaign to promote the altcoins projects.

But take note, if you mean promoting is to shill the project, they might reject the offer. But if it's just wear the signature without any other requirement, they will be fine.

I used to wonder the same thing too because I've never seen where a new project is being promoted by high ranked forum members, except perhaps for a few top altcoins like Ethereum and BNB, they only contribute in discussions. Like Zaguru12, have clarified, I agree with him that reputable forum members are more focused and interested on the most reputable crypto being Bitcoin, and they don't want to dent their reputations by hyping or promoting a project that can end up being a scam. There are more scam projects than legit ones, and they keep increasing everyday

When icos were popular many years ago and the forum was the main way for developers to promote those projects, you saw all ranks promoting them with the use of their signatures or doing so on social media, so what changed? The quality of the projects promoting themselves here went down, the popularity of icos dropped like a rock, the pay which you could get went down, while the effort you needed to put forward went up, and finally many people got burned with icos, and they decided to never promote another project which could cause them those kind of losses.

It’s a one way something, that reputable members are core bitcoiniers and they only see bitcoin as the coin and any other altcoin as shitcoins. It is not that some do not buy this Altcoins but they don’t shill them because they see it as something that can get to zero and if it’s happens it dents their status in the forum as reputable member.

The other thing is, most of them have this believe that this is not a Altcoins main forum even though there is a designated board and as such they do not like to promote other coins here

With all due respect, in the long run that I've been in this forum and has been around in the AltCoin Boards, I figured out that AltCoin and it's related some projects is being hyped just for promotions by most especially lower membership ranks of the forum.
I don't know know if it's as a result of not being reputable projects that's why the trends in the forum is not being influenced by higher or respectable memebership ranks in the forum.
Or are the projects just manipulations of having those lower rank accounts active and introduced specifically for meme speculations?