Bitcoin Forum

I already can't count how many defi projects were released today. I think most of the projects released are defi projects. and the coins coming from that project will just be shitcoins. If you still believe in defi and keep investing in such projects, my advice is to skip projects with the name SAFE or MOON. projects using that name are just shit. plagiarism project with a very big total supply. You will regret believing in such a project.

Or those recent naming trend like baby doge, baby shiba, baby dpet, and whatever project that's currently popular. Most (if not all) of these projects are just short term and money grabs. Imagine seeing a project with a campaign slogan meme token with a real use case ;D

I guess some are aware of those project being shitcoins. Dont be shocked that some of those who traded those arent actually newbie but really taking engage on those trades, cause sometime they knew that the project is gonn a pump and how is this possible. You can feel it if you seaerched that some CT or paid influencers are sharing or mentioning them you knew that there is a bright chance that it could do a pump and thats where those traders will ride on it.

Sometime I also joined if I think this pump and dump shitcoin have a potential to pumo even for 5x to 10x profits.

Agree, project that tails an existing succesfull project for naming will usually not as succesfull as the project they are inspired from since when it comes to a project like this their similar naming is just to attract attention.
Ive seen plenty of projects that uses the name you mentioned doing some rugpulls etc but people still fall for it. I guess the naming used by these project really works but have negative effect for investors overall.

We know that dude and this time so many new scam NFT tokens were being issued by the scammers under the name of mon. Just take a look at how binamon was getting a very popular right now and it was triggering the scammer to create more and more token with mon at the end of the name. So many scammers create more and more scam tokens.

Thanks for the advice.

But as you know 90% of crypto-user always following this project and feel like dumb people who really easy to be a scam. That's the reason why the most scam activity is really many on crypto and you know just like a heaven for the scammer. They make scam project, rug pull and missing without getting caught by the authority just easy to do this rather than scam on real-live.

Yeah, I'm not doing that. I'm investing only in old and well-known coins like BTC, ETH, LTC. People think that they will buy cheap coin and it's gonna increase x1000 but it's not gonna happen.

In my opinion, the good and bad of a project is not determined by the name or symbol but depends on the team that is in the project. If the team in the project is sincere and honest in their work then the project can be successful so that the price of their token continues to increase. Do not take for granted tokens that have a low price at the time of presale because investors will buy these tokens in large quantities and wait for the success of the project.

The scammers were always plagiarizing everything and this has been happening since a few years ago when the protocol coin has become a new trend and then the scammers was stealing the code and they were creating the scam coin. This will never end and people must do deep research to avoid investing in the shit scam token. The tokenization protocol was making it even crazy than before.
The scammer can issue various coins in a day to scam people

Unfortunately, despite being told, there will always be people who invest and they will be angry when the investment suffers a loss. they think a project with a name that is almost similar to a big project will follow its success. they forget that plagiarism has no future. still believe in a project like this is the wrong choice.

Lol, I can understand your point mate, lately there are a good amount of project either with moon or safe attached to their names,  it is almost like a common practice in crypto,  once a project with a particular name is successful, any other project coming afterwards would want to imitate or copy some part of the name to also draw some attention, and some of them are temporary money grab to deceive people, it is important investors take note of this.

The scammers were taking the advantage by using the name similar with the name that used by the project that already hyped by the crypto investors.
The scammer think that if they can lure people to buy their garbage token but i can't deny the fact that some people without knowledge in the crypto may buy it.
This awareness will be very helpful to the new user in the crypto.
I hope this trend will be stopped in the future.

I have found a similar meme that promised to revolutionized the dog breeds and then I skipped for a moment, how on earth can a total supply of thousands of trillions tokens will do this, perhaps because they are deflationary simply because they aim to kill doggy.
I have not only stop looking at meme coins but also stop advertising them. There is high chance of wasting your precious time advertising and fooling yourself concurrently.
If Shiba couldn't make it, the probability of other meme success is 0.1%

Whenever a coin or project is successful, the scammers come up with another project with a nearby name. Some of these projects are baby doge, dogeswap, apetools, MoonDeFi, SafeBTC etc. Before investing in a project, you must do a little research on it.

I think you are overgeneralizing all DeFi. you should make it more specific, because when you talk about DeFi then you are automatically talking about thousands of projects. If you think DeFi is not a good investment, then just give one name instead of saying all DeFi projects are bad.
oh you said Safe or Moon? is that representative enough? think again !!!!

There is nothing wrong, if and feel disappointed, because from the beginning their project as one of the projects that has a fairly large level of risk, due to supply reasons? actually it's not just a supply problem, but as shitcoin or memecoin it's common to be played around more easily by investors. Which they only lasted for a short decade. therefore still doubt that Bitcoin has provided more security than what you think? value resilience and unstoppable growth. Bitcoin answers your complaints. So, immediately leave the shitcoin project, if it is deemed detrimental to your finances.

Every day new defi projects are pumping up and most of them are shitcoins that will end up being dump that is if there ever made it to an exchange, the swap chain is open to everybody and anyone can easily create a token on uni swap which is why we as investors must be careful to Welcome to bitcointalk and a great job there having a bitcoin lightning network in your system to ease the transactions process and speed.
What is the welcome bonus on your site do we have it in form of the deposit bonus or free spins, what are the deposits and withdrawal conditions? being scammed by them. Thanks for the advice anyway.

Just never trust any DeFi projects you are not familiar or probably with not just that but also to meme coins that's around even if they are pumping those coins were really risky you should keep away from that or don't do a long term investment with those coins. There are some decent DeFi projects out there just do a proper research and don't get fooled by their high APY that reaches thousands.

It is interesting that at the same time you yourself bear the signature of the project, the name of which is very similar to those you are talking about, besides, their motto is "fly to the moon".

Indeed, those are shitcoins and nothing else. Also, it's better to not address those shit as a defi project as they've nothing except auto LP mechanism and reward distribution. Though people who invested into shitcoins will start arguing that those things could be included into defi, but don't think so. But we can take advantage of those shits to make more profits by investing only those funds which we can afford to lose as most users are being into fomo for shitcoins.  ;)

Yes, that's true, but we have to examine it again, why a deficient market asset is prohibited from investing, and why we should stay away from it.
Whether a deficient asset market that is currently happening is detrimental to investors, that's not necessarily the case.
because defi market assets are currently weakening due to fierce competition with other market assets, and that is what is happening now.
I just hope that in the future it won't be like what is currently happening.

Yes, you are right about it. DeFi projects are increasing day after day. We should choose our favorite one. We know that to protect our funds security, DeFi is good. Even this thing, we should know that new DeFi are increasing competition between the old DeFi projects or some old DeFi aren't efficient to complete our demand.

You are right mate, I just view the campaign ceo profile in LinkedIn and I found out that he own fashion collection. Now, how does he handle the project when he has little or no experience.
This days, any one can just organize team with members who has passion to make money but don't have the energy to maintain and sustain this system that's why we keep having rugged pull on media everyday.

It's not true for defi projects only, its true for almost all projects. Almost 99% of the projects that you are seeing are shit projects. They are just clone of another with no new use case. All they do is create a hype, attract idiots and then scam them. Sadly people still fall for those shit project despite hearing warnings from others. Some do it on purpose hoping they might get lucky and make a fortune.

Clone projects always exist in the market. When it comes to SafeMoon, it's been a really promising project. And the price also went to the moon.  ;D  Some people started making the clone of this project quickly. And this could mislead people when they are making an investment. One should be really careful about choosing the right project.

Nice one, my homie. Also add projects adding Cake or Bunny to their names. These are all no no projects. I was once a victim to Frozen Cake. Lost good money. Guess I was stupid and got burned. This is a warning to others out there

I think most of us are aware of that. But there are investors specially newbies who think investing in these shitcoins can be an easy to way to earn huge which is partly true however this is only for the cases of early investors before the pump happened.

Its a risky thing to do so it is not advisable to engage yourself on this kind of defi projects. Dont just follow the trend but its a must to DYOR, it will lead you to a better projects and worth to invest in.

Actually not only with the name of Safe or Moon.
This will probably happen in the new hype coins or tokens in which following the native Safe or Moon success. This always happens to other types of following projects, Like what happens to the meme coins.
Moreover if we know that the total supply is exactly very high and there is no burning system. well, this may lead to the price drop so easily.
That is why to avoid this regret, we are better not investing i that kind of new projects

True, expecting too much increase is very difficult although not impossible, but logically it is very difficult to achieve by any token or coin in cryptocurrency under any circumstances.

I don't think there's anything wrong with trying with a little capital because I see tokens like this have the potential to provide a lot of profit and it is evident from the very high price movements that can provide a lot of profit to safemoon holders, the most important thing for you to remember is that tokens like this have a high risk .

Maybe he was not counting it and so many people were also doing it. It's a common thing and it's a marketing but just take his suggestion as a positive thing. he was saying the right thing as so many people got scammed caused by that. There have been lots of project were claiming they will be mooning.
The newbie has become the main target of this scam token.

I believe that most of us here have participated in or bought shitcoin but personally I prefer to take profit when pump, then take profit and then leave some coin

I think all tokens with a very large total supply are shitcoins no matter what the project name is. so don't pay attention to such projects. and one more nonsense tokenomics. lots of new projects with very good tokenomics but it doesn't make sense. they just promise something without ever trying to make it happen. for newbies who are just investing it's better to buy big coins like bitcoin or ethereum only. it has much less risk than other coins.

investing in shitcoin is very risky and on the other hand shitcoin becomes a big profit. You must dare to make decisions in buying shitcoin, dare to lose assets or dare to take big profits.
most of the shitcoins from plagiarism projects are bullshit.

I totally agree with you mate!

Can you have a look at Ethernity CLOUD and tell me what you think? I am very hyped about this project personally, but i'd like to know what you think as well.

I can understand your pain and frustration from your words.
But on to be a better side, it’s better to not invest in any Defi.
According to me Defi without good backend people always turns out to be scam.
So if you love your money and don’t want it to get into bad people’s hand, then better don’t invest in it.

in the present time, I see scammers start moving to Defi project...

mock concepts and whitepapers, APY's unreasonable ROI promises, and tight marketing. I've been deterred from investing in defi, it's better to only invest in defi that already has a good reputation like pancakeswap and others.

I don't think it's just the type of name mentioned by the OP, every time there is a new crypto name that is booming it will be copied by many developers, adding the names of cryptos that are booming is not a problem. which being issues is that many new projects appear just to dredge up money from investors without any clarity after, pure create to scam people.

I am agreed with what OP said, investing at kind coins like that is almost like gambling, i was trying several times, and no one profitable like most of them said, their price is up and down unpredicted, and sometimes rug and pull gone without trace.
It was my valuable lesson and make me more carefully to choose where i should put investment. Maybe the "safe or moon" tokens not fit for my style, even though people out there still like this kind of coins to their investment or daily trading activity.

You're right, most projects containing safe and moon names end up rugpull/scam. I once bought tokens like that and just seconds after that the devs took out the liquidity.

Well we are not that sure of course doing a proper research to the project itself is much better to have understanding if the project is worth it or not, a lot of people buy a Dogecoin right? but what the hell is a doge in the first place it's a meme but many people still buys it. Well it's important to know the project itself rather than just looking at its name.

A friend invited me to invest in Safemmon and other similar schemes with airdrops but I turned them all down, because there is no usage to speak off and no platform, all they have is a scheme that is very much similar to a Ponzi scheme, there has to be money coming in and new investors investing if the price will go up, I prefer investing in a project that I think will last in bear and bull markets.

In each defi project, you need to do your own research before jumping blindly on them. Not only with the safe or moon attached to its name but all the other defi projects as well. Most of them are just copycats of copycats. So you need to scrutinize each of them if you are seriously investing on their network. Don't follow the fud surrounding the project. You need to assess it on your own and check the important aspects of the project.

Thank you for the notification. Can you provide references that can strengthen us not to participate and invest in any project in the name of SAFE or MOON?

I don't think all projects in that name are plagiarism projects.

there are still quite a number of people participating in such projects. Are they wrong?
And I see, the people involved in such projects are also experienced. This means that there are also projects that have succeeded in providing benefits.

The experienced player in investing into such project are those people who make early investment since they know how the project gonna be and after that its newbies that usually gets lured into investing that project giving the chance for those who make early investment to turn their profit. After all these kind of projects rarely make profit from the project to increase their market cap,this explains why their market cap usually can grow so high within short amount of time.

but your not hating the original safemoon coin arent you ? but theres also coin named safe moon cash after the released of safemoon .
 it was like a bitcoin cash after bitcoin but bitcoin cash has a better value and is existing till today in many platforms .
my point is not all that have the same name can be called a shitcoin or useless  .
not just moon or safe coins but theres also more coins named after the doge coin

Those naming are just their marketing strategy to attract investors who like mooning. There are many projects coming out from that name scheme and even using planets for their marketing strat. I saw RushMoon, RushMars in the bounty section earlier this month and many hunters were fell into it leaving them with no payment.

I can't justify your opinion directly. There are indeed a lot of shitcoins these days, but I don't know if it's from such a project. I also wonder why there is no effort to prevent such projects.

Fortunately I haven’t come across projects with such a name yet, but thanks for warning.I also have noticed that there are almost no good defi-projects now. In the first two days native tokens of them are growing and things are ok, but then people start withdrawing their money and price falls very rapidly and then it doesn’t return to past levels.

So it is a bad time for defi now, people just don’t believe in it, so it is better to wait now in terms of investing in defi.

Since shitcoin got a lot of attention I never touch such coin again, I didnt even buy dogecoin since 2020, DeFi or too similar name is already very suspicious ,
but for DeFi projects there are few exceptions, it's better to choose a project that has been around for a long time, and see if the project already has a product or not, DeFi projects without a product are bullshit, so make sure Product is the main reason if you want to invest in a DeFi project.

I agree with you bro, such projects should be wary of. shitcoin has started to dare to go public and is ready to target anyone who dares to be there. so my advice is to avoid shitcoins and better play it safe on publicly tested coins koin

What we can expect from them, nothing, right?
The fact that they are useless projects, no matter if that does not belong to the safe moon, I'm still ignoring them. Too many projects were created at this time but it was too sad that only a few of them are legit. That becomes a huge problem to us and a lot of clone projects spread around making it hard for us to find who can be trusted and who's not.

Yes, now many shitcoins are present in the crypto market. They mostly start or end with safe, moon, Shiba, Inu, dog, doge, pet, etc. They are useless and now their trend has been ended so investing in these coins will be a very wrong decision. You will regret after investing in them.

There is nothing there to research, by their doc/whitepaper, you will agree with me that they are shitcoin. How do just create something new, that's still struggling from financial aid and support and you just start shouting and blabbering that it will replace a grown market. It's silly.
I will not invest in meme coin, I would rather buy $20 worth of btc and keep than waste it on zero future coin with 10 decimal price with aim to $1. That's funny you know.