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My friends and I invested more than 61btc in Fet.
I have sufficient evidence to prove this investment (I bought nearly 19btc FET).
But you see, the price keeps going down and cannot recover. We can blame the market, but the market is recovering well, we can blame the manipulation of the price but the action of the FET team is not acceptable.
- My friends and their families were very worried about their investment, they went to FET's tele group and asked Dev team and Marketing team about price, strategy but they received bad treatment, Their group forbids to talk about prices (like fascists) - anyone of my friend talked about the price they would give immediately, when the rest did not talk about the price they asked about the project, if asked too much Immediately will be banned.
My friends were very sad, they were sad because of the loss and sadness about the treatment of FETCH team - they are also investors, they need respect. FETCH may be the greatest project in the world but does not mean that it is allowed to disregard investors.

I encouraged my friends to wait for the fetch team and wait for their testnet program. But the wait and hope to get back in frustration .. their testnet is complete and not many people know, the market does not react to their event.


My friends continue to join the group and ask the team dev why they do such weak marketing, and they delete my friend immediately.
I do not believe in a project trusted by Binance and CZ that could act like that, I had a discussion with them about the project (not talking about the price) - I was a mentor to many startup so I asked very carefully what their project did. and when they didn't answer, they deleted me. Luckily, I recorded my talk video. You will see the project developers who do not understand the project, they only answer aggregate, according to what they write not what they do. They don't even have a plan for marketing and their work. (video I sent below).
After I was deleted, a lot of members were in my box, and we had a group of people who lost a lot and didn't dare say anything in FECTH's group. If you don't believe you can try their group and talk, just CLONE accounts to talk and PR (Seeding) for the project.
So what do they call the money from Private sales and IEO? Or Ieo is just a garbage dump so CZ and Binance help Scam teams to discharge shit?

VIDEO : https://www.youtube.com/watch?v=jZwzSRc26ag (https://www.youtube.com/watch?v=jZwzSRc26ag)

All reviews please watch the video, thanks.

Wow, this is very alarming and I think it must be looked into, because we have built a lot of trust around bitcointalk and I don't see any reason why they will have to delete you from their telegram group when they don't have anything to lose, I think you need to message the binance team and tell them about it to see the reply you would be given, or better still open a thread in the accusation part of the forum with all the evidence you have against them so that it could be look into quickly by members of this forum.

The binance team should know about this. This is such a big investment that can be thrown out.  Binance as an exchange has built its reputation . Reason a lot of investors will like to invest in the project supported by them. Contact the support. I hope you get a good feedback

Really i don't heard about this project until now, you and your friends invested on this project and this project was on Binance as a IEO or this was a token listed to Binance and you and your friends buy from Binance?

This is why it’s not good to follow hype in investing into any project. This has been proving over times that Hyip really dosent work out week for people who plan to hold for a while. It just turned them to holders. This is not a scam case , I would say you trusted the project tooo much to deliver and they didn’t do as expected.

From your story, we can conclude that not every IEO's in Binance launchpad are good.
And there will be no guarantee for investors that their coin price will always going up in the market.
I didn't know about FET before. The important thing is the project itself, the coin price will depends on the project developments and public awareness.

oh god it happen again, and this time such us a top and big exchanger cheated with us, this could be bad and make crypto reputation more suffer badly.

My gosh, 61 bitcoins investment on IEO FET. That is a really big amount for investment, why invest on IEO though? Tbh IEO is like ICO, it needs time to wait until the price increase, until the project developed. By looking at your post about FET team, i'm afraid it will become a trash coin soon but i hope that is not happened. Good luck to you mate.

A low price doesn't mean a scam. Fund's are collected for long term development of the project. You can't just expect a growth and profit like bitcoinconnect.
And for binance, they are just a platform. They let projects in them see are legit. They don't take any guarantees and do clearly mention the risks involved.

Here we go, a newbie with a huge amount of investment. Did you already know the risk of trading/investment, you should know it right before investing money on some startup. No guarantee you can make a profit with investing at some project/trading, you complain about the price that's why the team kicked you. The price it's determined by the market (Supply & Demand) not the team, even on the stock market cant bring you a profit.

binance will not give any guarantee in their launchpad.price depend on market mechanism and supply demand.so if we suffering loss in FET and Binance we could not mentioned them as scam projects.maybe they are not ready to facing losses.

I agree, low prices don't mean scam. But take a look at their actions, anyone who talks about the price they will delete that person, anyone who talks about the project they can't answer will delete that person. and see my video, see the FET chart (10 consecutive weeks sold and irreversible) - what's happening?

I agree, low prices don't mean scam. But take a look at their actions, anyone who talks about the price they will delete that person, anyone who talks about the project they can't answer will delete that person. and see my video, When I asked about their plans, the things they intended to do were not answered and they deleted me. This discharges to all others. We agree that prices need time to go up, but the behavior of the dev team will create confidence or fear for investors. Team dev can take money, but they need to respect investors, they have the right to ask and to be public

I'm not surprised as we have many projects that are good but the teams are too harsh and they lack respect for there people ,when you talk about thses kinda issue on there telegram channel you will get blocked ,this shows that the team doesn't care about the people

Why did you invest so much into this project? But i know, it is too late now. Every new IEO and ICO are great risks for investors.
And currently, only Bitcoin is worth to invest as altcoins are losing value compare to BTC and USDT.
It is better to immediately trade your tokens if you participate in an IEO or ICO. Very very few projects are worth to keep. And they usually don't return at the price they started to be traded. But there is some exceptions and i hope your project is one of them. Good luck with your investment.

This was just the price caused by hype. This is a proof that IEO is not a great invention. Even if it was in binance. I am sorry for your loss, but you should take care of the risk you take in the crypto world.

Invest at your own risk. I don't know if they do any impact at coin price but FET is still there for trading, price crash is not scam. You must know that after get listed on one exchange, price will pump and then dump very deep.

Indeed, there are many coins that cannot be returned up, I also invested some bitcoin in HKN and CS, the price dropped, I lost up to 80%. Until now I am still holding back and not selling. I waited until BTC reached $ 20,000, then I sold the coin. My advice, you must be patient again until the FET coin returns up.

I'm sorry to hear that you are losing so much money because of a failed investment in FET, but look at the market now. All altcoins are dumped due to the bitcoin rally, so the fact that the FET price is going down does not mean that this is a scam. Now, if now there was an altcoin rally and the FET would continue to go down, then you could start worrying. Be patient and wait for the development of the project if you believe in it, or sell it now in a minus to save the rest of the money . You played the game with IEO and lost ,shit happens  :(

I warned everyone a lot about binance's IEO, it's not as good as people think. Fomo fever enters the IEO of binance because it hopes to quickly multiply profits will kill you. all IEO or ICO are at risk, I don't really like the IEO at all. IEO is just a method to help exchange create more profit for them, not investors, many people still do not understand this.

IEO doesn't mean a guaranteed profit. 61 btc is a huge amount to risk in just one token.

Price drop doesn't mean scam. It can happen in any project.

I was not lucky to buy FET IEO during the sale on Binance launchpad,  I bought during exchange listing and I'm so disappointed I bought it after it was listed on the exchange  because it keeps dumping almost every day and night,  I'm a little bit glad I sold around 8k Satoshi after buying at 12k sat now it's around 2k sat

I was a member of binance telegram group, I remember his project people love to hype it.
However, I cannot say if this project is clearly a scam because only OP made this accusation with a question mark though.. but the statement is saying it's a scam. The volume is still there actually, trading at over $7million dollars as of this writing so I guess it's just that price dump, besides investing does not guarantee profit.

Go to their group and see, no one is told, investors only need to ask about prices immediately deleted or permanently banned. THEY ARE NOT RESPECTING INVESTORS .. nobody is talking in their group. I agree their prices can't tell them scam but their behavior is like a robber dog
https://serving.photos.photobox.com/916376329ac5f1f5b731b8eb81f121eb66881187760d2be637adc4ce6038e3ad782da753.jpg

Binance is not a saint when it comes to harbouring scam project, i could remember vividly Centra scam, binance is after the money and not the credibility of the project they are listing, even binance so called dex and centralized exchange which they want to use to get more fund from those who can't afford to pay for it's centralized exchange.

I think that lately a lot of people are already thinking about the fact that cryptocurrency as a whole is a big scam. Therefore, to talk today about the scam of such big players as a whole is already a very big assault. Although I also can not say that it is not.

What are you talking about? We in cryptocurrency market, we have no one promises a return on investment, all investments, we do so at their own risk, hoping to make a profit.

I just checked the fetch price on coinmarket cap and it price is very low, but that does not make them scam you may have been tossed into investing in the project by hype but that should not be a guarantee to have turn over of your investment. The market can move which ever ways, what is the link between binance and fetch that binance is mentioned in your post title?

I think profitable flow of new customers and at the same time they do not insure the risks and do not give any guarantees! Great scheme!

In investment, there is no agreement that all the funds that we have given will be returned, because that must be very careful in making investments either on large exchanges or on ongoing projects.

the basic concept is that no one just needs that tokens and so on in all IEO.
Who transfers money to them is investors, hoping to resell more expensive. And who will buy them when he enters the market and immediately falls?
BTW I sympathize with you, this is a very large amount.
 

Well, it can go both ways really.

You can say that investing in anything is risky, and if you lose money it is your fault for taking that risk.
Or you can say that somebody willfully tricked you into getting your money and ran off with it.

The truth is somewhere is the middle I think.
First off, you should expect to lose if you do any ico or ieo.
The numbers don't lie.
91% of startups go out of business within the first two years.

On the hand, there is a lot of evidence that FET is not to be trusted.
I don't think they are intentionally trying to steal your money.
It just sounds like they are grossly incompetent.
Whether cheating or incompetent, the end result will be the same.

op tweet it out to cz, you might get answers..


a lot of people think that yes, it's because of these ieos, icos etc.. it has to change. world never be free of scammers, it is us who has to be vigilant. in crypto not everything is scam, some people are really working hard in projects they believe in. give it 10 more years and everything will sort out.

That's how important to investigate and not to relied only with the current trends, that amount of investment you've take from a project that you really don't know well really bring stress and a lots of regrets, you can't easily comes up and accused the team behind as mostly early holders dumped everything after seeing decent profits.

When I am reading it now, I am so thankful that I didn´t buy because I was too late, and many of us just waited in the queue and did not have the opportunity to purchase FET tokens during IEO sales.

But I do not understand why didnt you sell your FET coins after first listing, the price bumped to 2-3x.  ::)

People just think, because it is on binance it will pump.

But that doesn't always work like that. Next time, do your research better. A very expensive lesson to learn.

Wow, my heart skipped after I read your full article, at first I wanted to ignore it when I saw Binance because I am a diehard fan of Binance, but I had to keep sentiment aside to read it, and I am glad I did, this is an eye opener article, and I am sorry about what you and your friend has passed through, thank you for not keeping it to yourself for other to fall into same trap.

I have always trusted Binance with my life and I never believe that they could get themselves involve in such a messy scandal and I do hope that they come out openly to deny this or apologize, otherwise, things like this more could damage that reputation that has been speaking for them.

Well we can’t really out any blame on the OP, if you look at his explanation very well, you will realize that he knows what he is doing and he did his research very well, and for him to be able to contact the project team later on, you will know he won’t just invest in anyhow project, but is unfortunate that despite his research, he still got scammed.

You know majority of us are so carried way with the trust we have for Binance that we would believe anything of project they bring out through their IEO, I think it is no longer enough to rely on them, we just have to continue to do our own research ourselves.

A big drop can also be a sign of a manipulations which is more possible on IEO.
OP took too much risk, if you invest it on other coins like ETH for sure you are earning money now. Binance can't help you on this one because they just host the FET token and they regulate it as much, but if the price goes deeper then the problem is within the developer or something shit is happening on that project.

You should not call Binance a scam yet, cause just that they showed trusts for them doesn’t mean that they are part of whatever is going on there. Whatever that team does, they should be blamed. You should start up an accusation against them and even report to Binance since they are part of the team that trusts them, so they can look into the matter and know if there is a way they can help. By the time a lot of people starts to accuse them they will start feeling it hot and do something about it. If there’s a chance to get your money out, just do it and convince other investors to also start doing the same thing.

In every decision on investing, we are just predicting its future, we cannot say that we should have invested with other coin like ETH because that time when we are in the planning stage, our state of mind said that this coin will perform better and it will make us profitable.

I think the only solution here is to be patient, this is a new project and they need time to develop, maybe complain afterwards, but at this moment, let's give them time.

The fact of the matter is that this is a financial platform for Binanse recently wants to take on quite a lot of authority, but will master it.  I’m already a bit wary of this exchange, so Sabina after the last attack of the hackers, after which 7000 Bitcoin was stolen from the binance.

oh, my God, 61btc in Fet, very large investments in the most ordinary project. I hope your risks will bring you profit in the long run, but you shouldn't expect rapid returns on such investments.

They can be sad for their loss but can't blame the team that much for it because the team can only do their best to develop the project but the price of the coin is largely determined by the team.

When a project is coming from Binance, usually investors are hype, they will think that it's Binance and coin will moon.
He should learn, the way his statement goes, he think the coin is scam because it dump, which is a normal thing that's happening in the market.

Shit coin from Binance ;D

why do you say that binance is a scam? while binance is an exchanger who has very good credibility and has a large volume

This is something else entirely, I thought that projects from binance can be trusted but now I have no trust anymore ,I think you should contact binance direct and submit all the proves you have against them.

Big scam  ::)

From the very beginning it was clear that all these projects are just pump projects to increase the value of the BNB coin. this is a very global strategy of stealing money from hamsters

well, I will have to say that I am not surprised from your story because I have noticed that the binance IEO was circled with ponzi. Some rich guy who buy in to make quick money and then dumb the token. Also CZ knows about this manipulation on binance but what can me and you do?

Shitcoin + Loser team + Scam Exchange

We are the loser with Fet team and Binance scam team.

As far as I know, the price of the FET above the IEO price and also binance is very transparent in terms of IEO. Investing in crypto is indeed risky and I think it's safer to hold a bitcoin because bitcoin is the main currency

Well, I'm not surprised that this can happen with on of the most reputable exchanges in crypto world.

The reputation of the exchanges increased the hype of the token and in the end when the hype is gone, the price will go down. A similar situation with the ICO's. This is the reason I don't want to invest in any ICO's or even IEO's. 

Come on, you're blaming FET and CZ, but in my opinion, even though they're nothing good, the majority of mistakes are from you and your friends. You invest in FET and think it is a huge profit, but why don't you think the risks are huge before investing?

Why you so much invest IEO FET 61 BTC? Are you newbie in trading or cyrptocurrency? If you want get instant much money from crypto it's not easy. What happen now make experience in your life. Good luck sir

Well, it's usual ICO (or 'IEO'), most of ICOs treat investors like shit once they have collected funds, and remember these are the same people who would suck you dry when sell is running and are looking for investors.

Why? Because it's his money, he can invest even 100 btc in any of ICO or IEO he wants.

Op, even though you show us the proofs, it also can't make your investment increasing. So, when you comeback on thia forum, tell me, did you do some research before invested your huge money in Fectch (FET)?

Thats the reality in cryptocurrency you cant predict the price stability. Thats why in the very beginning you should know how to minimized the risk. Buy just investing only that you can afford to lose. In my own understanding You invest in FET via IEO. in that reason you just agree all the terms and condition therein so you cant blame FET or Binance since you know the risk already. 

I think this is your carelessness, you can't blame anyone now, both binance, cz, and fet. Binance is not a benchmark that all projects that have been listed there will provide returns, and binance never guarantees that. Maybe you have a lot of money but you still have a little knowledge in investing.

Is this a real story?

What are you talking about? You were able to sell FET in a great profit few days after exchange listing. It is your fail that you were so hungry and didn´t think about the risk.  :-\

It's not the problem and the real problem is when OP doesn't even know about how IEO works. For those who have understood about that and they can get profit easily but OP was getting trapped because he has already bought it from the live market.

I can understand this actually, I never invested in this but as a trader, I have tried picking up the trade and at certain times it appears that the market is being manipulated and not obeying fundamentals. I am sceptic and have avoided trading newly listed coins as it appears their is a lot of profit taking and investors and developers cashing out at the expense of holders. My advice is just have a target how long you can wait and amount of loss you can take before cashing out

FETCH was IEO on Binance. The OP and his friends believe it was easy money to buy any advertised IEO on Binance without knowing that business is risk everywhere. Investment is gambling. You win or you loose. Do not blame anyone if you loose. Am sure OP will not be crying here if they made profit. Such is life.

All IEOs organized by binance always go up in price after listing. I'm not trying to defend binance, but if binance organizes an IEO from an unclear project, why do investors always look for IEO from binance. In the market, profits and losses are common, but it's better to be careful in buying tokens after the IEO period ends because investors will usually take short-term profits

Before you invest you should have a strategy when to sell. You were able to sell for 0.3USD per 1 coin. That is 4 times more than IEO price.  :D

Binance bring shit to their users eating when FET = 1/3 IEO price. A lot of people have left this scam trading platform.

Warning scam:

https://bithouse.net/en/currencies/fetch

That's right if you are a short term trader, but I believe some of the investors are also looking for long term investment.
You might be lucky to be able to sell 4 times, but how about those who will buy the coins at that price, of course they are at loss now.

The question here is, is this project has a potential to appreciate its value in the long run?

I think you need to talk about the price when you buy FET.
As for you investing in a certain coin, I think you have to study it carefully before making an investment decision. The fact that the price drops or the development team abandons the project is already in place, and the investment is always risky.
I always invest in a project that has practical applications and will learn it thoroughly before deciding to invest. Because in my opinion, investing in a project based on the team development roadmap does not indicate anything realistic, I will not invest.

I guess FET was on of Binance IEO, actually, Binance IEO are quickly pumped when they enter the market, it's a business strategy to attract more investors. This is why I don't go about chasing Pump coin or IEO if I couldn't get it during the first stage of purchase, I just hate to risk my bitcoin or USDT for altcoin.

It's pretty sad. On the other hand, I asked myself if I had 61 Bitcoins, Did I invest them to the IEO at Binance. The result would probably be no. Because there is actually no difference between IEO and ICOs. However, I remember that all IEOs that took place in Binance gave profit for their investors. This rate was quite low at FET, but I still think it didn't hurt investors.

How and in what way did you suffer? In addition, the price of the project does not increase to the extent you want to call the project may not require scam.

You introduce you as an advisor of many startups, I think you understand the market and how it works. No one forces you to invest, no one guarantees your profits, so why are you blaming others when the person responsible for the loss is you and your friends.

It's a pity that until now FET's prices continue to go down. Obviously FET is one of binance's biggest scam

The price will be much less stable when people find out about it. It is better to invest in something that is already in the leading market like Bittrex.

I don't know why people are surprise about this, for me the IEO game ended before it even begun. Exchanges see this as another opportunity to make money and gullible investors keep giving them money. Binance is even better exchange like Velic that lost 50% of its ICO in a single day will you say about that.

OP invested a lot of money and he was losing it. let me guess if OP is late-game investors.

IEO games are ended when the trade is starting. There is no reason to keep more and more coin for the long term. You are playing with the short term players and you must know the consequence.
But binance is also acting badly.

No better exchange site if that keeps manipulated its own exchange site with so many pumps and dumps.

425 sts

Cryptocurrencies are a high risk investment and while many projects who did IEOs are doing well, it's a sad fact to also know that some of them are blessing in price daily, it's just part of the game, that is why you should never invest more than you can afford to lose, this is the ultimate rule of Cryptocurrency investments.

I can't confirm this and trust this 100% , since from my experienced is really good with binance exchange and never experienced any serious problem before. But it maybe because i just a low assets people i never trade or invest more than 1 BTC. Maybe they're doing different thing with people who has invested with more than 50BTC ? i think they should have more services to the big investors, but who knows ?

well, bro ,to be honest, i am not try to defend binance, but i want you know exactly , this is high risk investment, since the beginning you know it well.
and in this cases, u get a bad thing, worst thing. not even get ROI , itsn't ?
but why , another investement on Binance is fine well ? i mean , like Matic,One,even Kava , the newest from their IEO.
and as far i know, no complaint thread about their IEO before.
that why i seems , well confused maybe, since u put a tons of money on just for 1 IEO. I just think how dare u do such thing.
Because the Point, even good exchange still can be fucked up by whales on market.
OCEAN by Bittrex still 0.29x
Veriblock by Bittrex still 0.13x
Band Protocol by Binance still 0.66x
its not about perception , if we joining a IEO from high reputation Exchange we got Lambo instanly.
its not like that anymore !
its not 2017 anymore !
so please dont try to blame like that.
u have a bad luck, just it.

There is no guaranteed that youre story is legit mate. Not enough proof but clearly as expose if will broke out in media and Binance will be fud again. Im not a Binance supporter, only a trader. Never been disappointed with them, well some situation but the experience is always good. If the fet project fell down, maybe due to their team or project support not entirely on binance manipulation. Anyway, if this true, then its really ashamed of Binance.

Can you even prove it if this is a FUD that has already created by OP? I have seen some people have been getting banned on FET telegram group and not only in FET but any other IEOs too. Binance is also taking a part of the pump and dump scheme, and it was happening since the beginning of IEO. So many long term holders are getting lost in this case. Look at how almost all of IEOs are getting a big pump on the early trade time.
You can see other people in this forum has already accused the binance too.
So many things are not transparent even when it comes to what the people called that as the major, trusted exchange site like binance. So many pre-mined coins and that's a scam. You can also see how much the token allocation for FET IEO on binance and that's a very small percentage.
IEOs have a big chance to be manipulated by the IEO platform itself because this platform was holding the key.

This is why I'am no want to invest in IEO binance .
IEO binance is hight risk , in there I just trade if token IEO listimg , because always pump and dump first time listing.

This is a proof that not all IEO on binance will give you profit when it starts trading, there's no guarantee just because it's binance. I think if your not happy with the project then go sell and look for a solid one, it's a loss on your side but maybe if you decided to hold for long-term you will get good profits.

It's no risk when you join IEO on Binance but if you buy token when Binance open asset to trade, the risk will appear.

There's always a risk, participating in IEO is just the first step and your purpose of investing here is to be profitable, therefore, you should hope that once its already live trading in an exchange, it will value more than the IEO price.  Some people think its a scam because the price is down, but actually that's part of the risk, but there's always a right approach to every situation of a certain coin, and timing is really everything in investing and trading.

Unfortunately we will encounter the downfall but we should not conclude that the coin is scam since for sure there are certain factors that affects of it and maybe for now they are affected with current situation and it's  up for the trader and investors on what is the next move they need to do to gain on the current situation.

And if people will select to wait then for sure it will take time for  them to get what  they put on but if they select to cut  loss and buy at the cheapest maybe in future they can earn more profit with larger volume when they bough when the price is cheap.

Yes, because no altcoins can avoid the current situation we have in the market.
Bearish market is only natural to affect even the IEO. If its price will dump, it doesn't mean that the project is already a scam. In this current situation, OP's investment should be kept and stay to HODL. But the decision is all on him.
Investment takes time, OP should have realized it before investing.

You may have a look into the Binance Launchpad, man! FET was one of the successful IEO projects of this year!
People invested there and FET is the only project from Binance IEO pad that looked suspicious after the IEO and some people even got scammed by them!

What a pity :( This is what I don't like about ICO or IEO. there is no guarantee that we will benefit. Even though it was held in a big and famous exchange. Yes, prices are always given to the market, but in my opinion, you & your friends have to get special attention from the developer because you are big investors. I just never dared put money above 0.5btc for IEO. Hopefully find a good solution as soon as possible for you, OP.

Binance bring shit to their users eating when FET=1/3 IEO price. Dont buy anything on Binance when listing. This is where dev teams sell of their shit, we will be cheated out of money. A lot of people have left this scam trading platform. Yobit delist coin falls by 50-90-150% dump https://yobit.io/en/addtoken/

I’m lost 10 BTC by FET & IEO of Binance, FET & BINANCE Best of Scam.

215 sts