Bitcoin Forum

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers? 

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

Nice man, you figured it out ;) hehe
no but really, many projects DO just do just that, i been calling them out on it for years, but people don't really care about much in crypto, except making money
most speculators are nothing but hopeless gamblers, and most projects are just fund raising time killers yupp :(
BTC itself could have smart contracts, side chains, atomic swaps, all this shit, people just need to stop making their own projects to get rich and work together on BTC's code!

I sometimes ask myself: if crypto was not considered as a mechanism for making fast money, would it have attracted so much attention? Probably not. Almost the value of coin with USD is every thing. Trading is not wrong thing, USD itself is also traded today. But, USD is used in real life as required, so what about crypto? I guess the answer is no again.

Yep those roadmaps bullshits only if those developers keep on extending it. Why did they put a roadmap if it will only be extended without any valid reasons. Those legit projects does not do that, they stick to what their roadmap is set an I can say is not all crypto but mostly there are.

Brilliant! In a couple of lines, you opened the real face of every new crypto project. Through your talks, yes, they are all scam! The same thing happening again and again but no improvement in the crypto market. If those liers really have world-famous programmers then what are they doing except managing the website and groups? I don't think 90% of crypto projects have experienced and expert developer, they are lying! Roadmap, whitepaper, vision everything is lie in the maximum crypto project but yet people are investing in them. because no one cares about the crypto market adoption in real life, they all want to earn money by using the crypto platform. Sorry, I am being harsh, but it's true!

Those are the strategy that they are making, they want to look it legit when their purpose is just to scam.

however, I won't agree with you that all crypto are scam because there are still few that survives until now which they get the people's trust and support.
Take it for example, Binance coin, IIRC, they also had an ICO following the same scenario you've mentioned, but where they are now, they have a real used case of their project, their exchange is very popular and we using it now and benefiting from it.

You are right, if crypto was not used for earnings, it is unlikely that it would have such public interest. Regarding the use of crypto, I don't quite agree with you. After all, cryptocurrency is already used and will be used even more in the future.

Someone already spoke out about those announcement threads and different marketing that's being done by the majority of the projects. But don't forget that bitcoin is also a crypto but it isn't a scam. There's a true use to it and adoption is getting wider but I think although you haven't mentioned it as an exception it's already exempted from what you're delivering to say. Count a few great altcoins there that has also the use as a true alternative for bitcoin being a payment.

Yes not all crypto are scam, new projects are most likely to become a scam. Saying a good project on day 1 is too risky, you must test the water first for you not to lose big. If the project extended so many times and keep on promising, then its a scam. There’s a lot of established crypto already and to make money with them is very easy so its not a scam not unless you are fooled and be a victim of scammers.

True words brothers.. unfortunately all crypto tech, developed by the real developers, will be stolen by huge companies and when all crypto dies, it will be used against us.

You can rent VPS in seconds,
you can clone Monero's wallet or QT wallet in minutes and just replace the logo
you can create a few threads here and there,
copy some whitepaper and change a few words,
strike out a nonsense Roadmap : January: create wallet, 6 months later: update walet, another 6 months later: web wallet, another 6... mobile wallet.
When hashrate drops, just turn your project to PoS and hope some other morons to follow you,
Then release airdrops, bounties, etc, giving away tree leaves as if they are something

This has to stop somewhere.

Agree with you. Also I think cryptocurrency will stay at this stage of adopting for a long time because almost nobody wants to use cryptocurrency. Peoples afraid crypto and everything related to it and that's okay.

Very ironic fact, huh. Unfortunately, the fake project succeeded in deceiving many people with all the tricks, especially new investors who were trapped in hype, fomo, etc. I am very thankful for the existence of IEO in trusted global exchanges, such as Binance, Huobi, HitBTC, etc. which conduct IEO from projects that are truly legit, even though the risk of loss is always there, but at least there is a guarantee that projects that work with them are not fake project.

Mate, I think you need to revise a bit your title. If you stated all crypto, it includes Bitcoin. Based on your explanation, you only point it for new altcoins. So, in my point of view, the title must be "Why I think all new coins are scam".


Yeah, agree. The roadmap and announcements are made only to ensure people that they did the right way for a project, but the fact there is no big progress and day after day the interest on the coins/tokens is decreasing constantly. Finally, the coins/tokens are delisted from the exchanges or just ended without a transaction "sell-buy" anymore (dead coins). 

Most of the project are doing same that's why we had faced this extra extra situation. Legit project doesn't same, just take a lessons from few legit  project that's make you stronger to believe. One problem is the main money transfer from any place to another in our world.

Reality is so, nowadays many projects are just nonsense, different from a good project that is hard to find and that can be fared equally to the other.
But not all crypto is a scam, just the time is not right now because investors have very little confidence in the new project and prefer the old altcoin or invest in bitcoins for the long term.

Maybe this statement appears because to many scam project come and go then leave us without nothing. I really agree almost all your point above. But in the reality, some project are really usefull and truly give a benefit to user. Like Gowithmi.

And here's the thing, just look at how cheap it is to create your own crypto:

https://www.fiverr.com/gigs/cryptocurrency

So it makes sense that crypto that are popping right now are all shit because you can just spend what $100-$300 and voila, you release it, have ICO and then earn good $$$. Sad to say, everyone here is in for the profit. But I doubt that we can stop it, I mean this is open and free market and perhaps this is one of the biggest downside of it, and scammers are going to keep coming.

that's one of the weaknesses of the crypto industry, where one can easily create their own projects, raise funds, launch useless tokens, then they can make huge profits while investors suffer losses. the number of new projects is inseparable from the smart contract that is so easy to access new projects and at a small cost. only need a road map that is not very clear, the team is also unclear, they can already make it.

Chill bro ;D, now we knew why you really hate alt. Yup! I think what you really mean is alt and not cryptocurrency in general. Though they got similarities to bitcoin but still they are very far from it, because bitcoin got a higher possibility of going into mainstream compared on those tons of sh*tcoins in the market. And if you'll asky my own reason why I hate alts (the newer not the much stable), very simple, because it wastes not only your money but mainly your time and hopes which really sucks :(.

I am also curious about it, but I guess programmers are acting base on how much you have paid to them. If they are being paid to do that kind of stuff then the one who hire them has the control over the programmers, still there is a possibility that the programmers can manipulate the programs that they made anytime they like.

You have your point but I cannot agree with it that all crypto is scam as there are few that can certainly remain and maybe has the future to become the main currencies in the future.

Scams can be in any form and can not be avoided and this happens in all markets including stock or forex. With the number of coins and tokens traded in the market reaching more than 3500 types of coins and tokens, then to select them, we must first research. Not every coin or project is a scam because it is proven that in the top 100 coins attract many investors and already have a product

You have said many real facts, but we can't generalize all crypto are scam, maybe just 99%. ::)
I think at this point these projects you listed only attract people who want to earn stakes to promote them, because real investors who are looking for serious and rentable investments and want to invest nice amounts of money avoid these crypto currencies. This industry is losing too much credibility because these fail projects that just make people waste time and money.

Yes, I think so too. Because in fact developers and investors have similarities and differences. They are both looking for fast cash by using the crypto. The difference is that sometimes there are developers who really build their projects without making a profit at the beginning. While investors only focus on profit and profit.
On the other hand, sometimes the use of crypto in the real world is not seen. Perhaps this is because the adoption of crypto has not been widespread and there are many restrictions from various countries on their people. This is what sometimes makes me think whether crypto is just a camouflage for developers to seek profits in an easy way.
Maybe this could just be a matter of time for the crypto world to be implemented well in the real world. I just hope bitcoin can continue to exist with good implementation to real life.

yes, I agree with making a good road map of them or sometimes they also promise to take a big prize to be able to attract investors and then they cheat investors.
but I also believe that not all cryptos are scams. there are some crypto originating from the ICO project but can be successful and survive to this day such as ethereum, waves and binance. so even now I still believe in crypto. Not all crypto scams.

If you are talking about ICO's and dead altcoins in the market almost all of them are already dead in the market and don't have a market value.
Also, not all crypto is a scam there are still a few legit tokens just like some of the popular tokens today in the market just like bitcoin, ethereum, etc.
A lot of new tokens end up dead and also the roadmaps are just predictions of what could happen and what they are planning in the token it is not guaranteed because they cannot control the market value of the token in the market. The programmers can create a good enough token that could potentially have good market value but most of the time after the ICO the team of developers will forget about it.

Its a sad reality, but we will see after ten years if some establishments will adopt them. We really don't need bunch of coins but we only those who really can perform and serve better. Yet we can't deny the fact that crypto is still in experimental level it takes more years to consider a real deal.

You could say that, more or less what you've said got a point there. With no real development and meaningless actions that what makes investor kinda doubt ICOs and such.
They're just copying other projects ideas and improve it a little with a bit of fancy words. And how easy it was to create one project without further studies. They just throw everything in the announcement and roadmap but it holds no meaning. Even though not everything are a scammed, but the majority of them were scammed ones especially new ones or at least cannot be advanced further.

Maybe you can rephrase your title into "90% of crypto is scam" because I really believe that not all crypto is scam for example bitcoin if this is scam then why would many government and countries are allowing this digital currency to circulate? Even people into government positions are holding bitcoin, and if you really believe that cryptos are scam then why are you still in this forum?   

The things that you mentioned are 100% true. You have expressed it rather accurately and powerfully also. But I don't think you should end up with the title all crypto is scam. Bitcoin is crypto. Well, I know you know that. Ethereum is crypto as well. What I want to say is that in this world of scams, there are some that are not. Those which started everything and those that came earlier than the rest are more legit than the majority of those who came late.

That's the reality I can give you a lot of coins like that, but at least they developed their project, they seem to lose motivation to move forward because it is not being adopted, and it fails their expectation, some of these coins targeted a wrong industry to create a token and they failed to gain support, developers should also do a research or feasibility study, not only building a coin for that industry because they want to be the first one to do so in that industry.

why are you still here if you realize that all crypto is a scam ??

what about altcoin which is in the top 10 cmc?
aren't they all real ??

I think for the last time there has been a real movement to anticipate being scammed. whitepaper, roadmap, website, and wallet can all be made easily. just simply copy from a previous successful project. I think legitimate projects are usually very active in the real world rather than spreading events on the internet. if you let this all crypto reputation will worsen, at least there is a compact movement among crypto fans to fight this scammed.

I agree more with projects that are active in the real world, because this is purely a project that dares to face the public.

Those you have encounter these day are totally bullshit and no one of new coins/tokens became reliable since they are just been created to scam and maybe if you want to do a safe investment try to go to the top coins and don't look with those what you are listed since for sure they will rekt your expectation.

But also you shouldn't generalize all since there are crypto who still do a good performance it's just you go on the wrong way that's why you are confused on things about it.

I will list the possible reactions of newbies compared to the veterans with regards to these types of announcement.

Newbie:Hmm. Another ANN, is there a bounty?
Veteran: Another shitcoin

Newbie: They wouldn't scam bounty hunters, they are just doing re-management.
Veteran: Excuses

Newbie: Wow, new technology! Let me invest my savings
Veteran: Another copy cat coin, SKAM


You know that there are a lot of people who are getting fooled by these said scammers with their projects. Only a few remaining left and it would be hard to trust anymore. I think these kinds of projects, which are a scam, are the reason why they think Cryptocurrencies are SCAM in general, which is not. I know someone who lost 20K USD with that, it's sad to see that because I saw the look in her eyes and full of regret.

The one controlling the programmer is money. They only work as instructed by their superiors. Regardless of the scam or original project. many cryptos are talking empty with the inappropriate Roadmap announcements, even the Roadmap is only halfway.

All depends on the interests of investors and the capital owned by the project. Even though the project is original and has good innovation, but it does not guarantee success and get the attention of investors because there are currently many scam projects.

I get your point but I think you should change your wording from "All Crypto" to "All ICOs".. If you mention Cryptocurrencies in general, then you are referring to both Bitcoin and Ethereum as well and even though this pains me to say... "EOS".

There are good coins out there and they shouldn't have to suffer for the sins of the shitcoins which we chose to invest in hoping that it would turn out to be the next Ethereum and make us rich beyond our imaginations.

But I couldn't agree more with your views, many projects has their eyes on one thing and one thing only... Money. And some would even develop their products, build whole Blockchain and go to the extra length just to look genuine and gain trust and they dump their tokens on investors.

There are some pretty genuine projects out there that aim to just develop blockchain and not have their eyes entirely on money and what they could gain from it, these are the die hard fans of blockchain technology, but I am realistic enough to know that this is just a very little percentage of the whole pool, less than 2% of the whole pool... And the search for this 2% always tends t make people fall for the wrong projects over and over again. But it's nice to see that investors are finally waking up to the reality as this is why the ICO market is dying.

Though you are right, but some projects really trying hard to make a big step in the crypto world. I have seen some projects who keep updated their community with all the latest updates about their products and use case! Though most of the projects failed later, but we can't ignore their hard work. Many good projects already achieved what they deserved! Like ONE, MATIC, TOKO are new projects but if you follow their update channel then you know they are trying to make the vision possible!

New or old projects could be scam as well, there are projects that looks legit in the beginning but actually they don't have a good future plan and they just stop and leave the market, there is no assurance, even if we think that a certain coin we are holding are legit and has a potential in the future, we can never ensure that by holding it longer, it will guarantee to make us profitable.

There's still a big risk in investing here, but at least we should know when to get in and get out, that's how the best strategy to apply.

This is a fact and it happens mainly because great project developers does not have enough capital to push their project up to the public acceptance level but bad project often have more than enough capital to do anything ranging from advertising to users embracement.

Roadmap is necessary for all project either great or small, you need to tell your audience where you are taking your project to at a specified time frame, your faithful commitment to the road map is a different thing entirely.

You are right, all this is meaningless in terms of the implementation of these ideas, if they are not actually used. Mainly, various announcements to improve the project lead only to fluctuations in the value of its coins, and the introduction into the infrastructure of cities and countries does not occur.

I think cryptocurrency itself is an experiment, not a scam per se. The madness started when people try to assign real-world value to the research.
The developer centralization also one of the "variables" that we put into this experiment.

Hence if someone asks me about cryptocurrencies, I always answer it with the word "experiment."
Which one will be successful? We can only guesstimate.

It's quite not appealing to hear that you holistically state that all crypto is a scam but in my perception, you are just pertaining to ICO's and IEO's basically investment platforms that uses crowdfunding. Actually you have a point, we can't classify bounties and projects to be legit if they pay their hunters, they have numerous plans but the assurance of getting an ROI if you are an investor isn't clear. But if you really want to believe that holistically, cryptos are scams, how can you justify when Bitcoin is the case?

Most of those coins are in the surviving state and we can't discredit their efforts to keep trying to work with their projects, but with OP's statement there's really too many projects that turned to scam and unable to provide their promises, it' hard to those real investors to see how the situations turned against their invested money but its part of realities inside this market you need to be very careful.

true, he actually focuses on new projects and contains only assumptions. if there are scam projects there will be projects that grow but with a small percentage. Don't drop coins with this kind of perception, and I'm not sure that he has researched all the projects and talked scam on all coins

You can't say all cryptocurrency are scam, there are some or most of them which are scam and involved in what you have just stated. They only do this to buy themselves time with their bad agenda trying to make people believe its real, they make everything look difficult while it is not the way they made it look

Investing in crypto is considered a way to get fast money ( a lot of people thinking this)
The product offer whether it will realy be launched, the people behind the project is a trusted person or an expert in its field so that it can release the product, it is no longer something that investor care about.
Therefore many scam projects that have sprung up, are all about making quick money not for something that is sustainable and useful for community.
most scam cryptos appear in 2017 until now.

Well, I think that most of them only use the ideas they have just to raise money. even the extended roadmap is no longer a problem because it has been done too often.
I also sometimes think, what exactly is the roadmap function if they only use it as a complement to their whitepaper. however I quite hope with some projects about it, but they sometimes provide invalid explanations, or even extend it for no reason. some projects even follow the roadmap, and even other project concepts. however, I am still waiting for a project that really uses it well.

The problem is that all cryptocurrencies are same and offer same features: wallet, mobile app and thats all. Who would invest into these 2 features, when we have thousands of same cryptocurrencies? Do you see the problem? How these cryptocurrencies can even exist?

Yea well the developers should start creating something that people will want to use, that is what matters now, its all about giving the public what they want, you are right and your point is the reason why i prefer projects with real life working products

BUT if all coins are scam as you stated what about those coins that have been around since 2010 and they have increased in value so much compare to when they are launched? for example litecoin, every early adopters are now millionaires

Crypto isn't a scam but our issue is lack of regulation, many platforms with scam intentions are on the space and exchanges keeps doing IEO for them, keep promoting and listing them so once listed many will dump on investors and exit scam next Exchange would do is to delist them which isn't helping out seriously, I would wish we monitor before we invest. Crypto isn't a scam but scammers in the building are making life difficult in crypto.

I like the way you see crypto.




Which projects offer something which cannot be bought using dollars?


Yes, Bitcoin can also be called a scam. It exists for 10 years now and it is still underdeveloped. No fast transactions, no real decentralization, total alienation from the masses (mining I mean). Bitcoin belongs to China now. China profits from Crypto by trading it, selling machines for mining it and mining it using their own machines, delivered at lowest price. It uses tons of electric power and the only thing it still does is piling up blocks on top of each-other for 10 years.

I'm in this forum, because I believe in decentralization and freedom of sending value over The Net. Because I remember the times when a bank wanted me to pay $80 so they can type a few numbers on a computer and send a few bytes to the other side of the world.

Yes, I'm mad at all scammers which are hanging like a huge parasite, sucking the flesh off the ripe fruit, called people's trust in crypto.

Many altcoins are alternatives to bitcoin as payment, such as Ethereum which is the number 2 valuable altcoin after bitcoin. Ethereum is widely used as a means of payment for goods and services. There are many more valuable altcoins that are used as payment. Not all crypto scams, some crypto have a purpose and are used on various platforms with different development.

Sad to say but yeah, all of crypto is scam. Now I know 99.9% is the truth but apart from Bitcoin and a few established decentralized altcoins, anything made after 2016 is probably a scam run by people who only want to make money. So it's safer to assume everything is a scam, and work your way out of it from there.

Forget playing the gambling game of which coin will go boom. Just buy Bitcoin and wait, meanwhile use it as you please.

most crypto projects are only seen copying things to one another, and with the addition of something unique, they believe in their ideas to be immediately thrown in the form of marketing. Like companies, they only think about administration and project modules, but forget the others that are more complex, ultimately their projects cannot be maximized because there are no correct facts in their road maps, many periodic delays that occur and confuse many interested users, scam are the right words in the short term.

Victims of many scams tend to act like this, they generalized the whole market and tagged as a scam which is not true for me. Yes they are scam projects, that didn’t value your time at all but you have to look at the market which already consist of so many options, so many top coins and good tokens. If you think crypto is a scam then you are closing the door for the abundant opportunities, i hope bitcoin can change the thought of the OP.

You nailed it.  ;D
Unnecessary things are being told without any reason at all and no one looking at it. They know it.
Feed the unnecessary just so to look like they are updated.

Another think with the new one which IEO. They need an exchange where investors will buy the token.
What they do? They create the exchange. So where is the change? Still look like an ICO to me.

Essentially I think all announcements work basically the same way,  get people to place bids/buy then dump the prices on on them and buy it back cheaply.  This cycle I have seen being repeated time and again. Even in the forex markets, this same sham is very present, using news and annnoucement as a means of manipulating prices to the disadvantage of the greedy and the uninformed. 

IEO at least has certainty about large exchange like binance, but from the other side they are the same as ico, I think their movements will be better, but same as ICO. IEO is only good at the beginning of the launch, in the end they fall too.

It sure looks like people want to invest into those, but generalization that every crypto is a scam comes from the mindset that you are not responsible for your money/investments. There are real products, some roadmaps are on the schedule, some projects deliver. What they are worth depends on the adoption and markets.

If people keep losing because they are greedy and don't want to study the projects, i am not sure who really is to blame. That kind of action just feeds more bad projects and scams and naturally worthless projects will flood the markets because there is markets from them it seems. I can see some projects in the top 100 on the coinmarketcap that are not needed imho, they just don't know it yet and markets full of of gullible idiots are keeping them up there for now.

Now i know that we should be doing more on blacklisting bad products, but how are we going to do that? There are no centralized regulated site with a consensus that decides  what's good and what's not. And why there should be?

That's why I keep on repeating that there should be seminars of awarness to educate people about crypto currencies and scammers identification because cryptocurrencies are wholly new thing and many people have no idea about it. All they know is this that someone bought BTC at minimal price few years ago and now they have become billionaire, this is point where scammers enter and they fool innocent people by offering them opportunity of investment, take the money and run away.
I agree with you to very much extent but there are some other factors as well why people have started thinking cryptos are scam, One reason is the lust of making fast and easy money (Short-termism) that's why Scammers are landing into crypto world and they cash the perspective of people about cryptocurrencies as people consider cryptos as an opportunity of becoming millionaire over the night. Stability is everything, massive rise and fall discourage the new investors and cryptocurrencies can never be stable if they are considered as mechanism of making fast money. Speculators will never stop to manipulate the market and everyone will start believing that Crypto Economy is highly volatile. The only way how cryptocurrencies can be seen legit is this that the mass adoption and use in daily life like USD.

Come to think of it if you can call crypto a scam then fiat is also a scam, i think for the past 9years now all that is happening around crypto is experimental, there will come a time that very few coins will survive and will be used globally so i won't consider that all coins are scam, we are still in an earlier stage for all coins

A lot of projects just might be considered scams. I really don't think every project is a flat out scam. I think we're in a new sector within finance and only a few out of many are going to make it in this new industry. The market is flooded with ICO's, airdrops, forks. and giveaways. The majority of them just might be a scam as you say, but surely not all of them? I think that there has to be some legitimate projects out there, just not every legitimate project makes it out of their initial starting gate. I think that Satoshi must have foreseen some of these things (to a degree) and went ahead and made it open source code anyway after thinking it through.

Personally, my opinion on cryptocurrency. This is a new system of financial transfers. And cryptocurrency has a very great potential for the development of new technologies. And those who believe that cryptocurrency is a fraud, this means that these people have never encountered or used cryptocurrency.

I have seen this scam speculation of 99% every where but does it look to be true? looking at our exchanges and number of token listed though some are dying and some dead but 99% looks inflated. The price dump affected a large percentage of the market but the top 100-200 looks healthy over a time, lets not forget that the top projects on the CMC are there base on marketcap not how healthy the project is. Bitcoin maximalists are top beneficials of altcoins but they speak so bad of this altcoins every time.

I seem to have involved myself in the "holy war" discussion in which I would rather not to take part in usually because there are a lot of consistent arguments from the both sides and actually there is no gold decision of this problem.
What about me, I consider that cryptocurrencies are quite useful for various tasks and there are plenty of arguments to use them. Furthermore, in fact cryptocurrencies are not different from fiat currencies concerning the most crucial parameters (but not by all, of course). I consider that everybody can figure out what cryptocurrencies are and eventually make a right decision for himself either to use cryptocurrencies or not.

You cannot judge a book by its cover, as like that even in the group of field also you need to to examine every project value plan to invest are being part of the project in any aspects.
Most of the investors and bounty participants does not do that and blame the good projects also a scam. Instead of just complaining if you try to explore as and learn more about the projects then there won't be any scam trap for you.

In the cryptocurrency market, there are more than 4000 types of crypto including bitcoin or altcoin. Among the many projects, it is not surprising if there are projects that are scam or die but not all coins die or scam. Examples are Bitcoin or ethreum, coins that have the largest market cap value and have also begun to be recognized as digital assets

I think the same with this thread, I usually often find crypto projects that hold ICOs by posting fake employee or team photos, I often see their linkedin profiles with little connections that don't even look active or take pictures from Google, it's not very cool, The road map used to be used for investors to see the honesty of the project running on time, but unfortunately many projects that skip it often even delay and make changes to the road map, so many SCAM crypto projects in the previous year, now no longer seen crypto projects with ICO

As time passed by many of us want a legit projects though it takes time to assure everything since scammers are so rampant here in crypto currency community. I believe that there are still legit projects here and even those staffs trying to convince those users that they are legit and work loyalty. I would say much better each of us must attentive and take too much time to research a project that can be supported by many here in crypto currency community.

There is no need to use these features today, the projects think in terms of future needs in society. If there are alternative projects which compete with each other, it will be bullshit to use the same idea with few modifications on the project. The young crypto market will grow and the crypto ecosystem will take its place as a major player, those times will be the good timing for starting the adoption by the traditional financial system.

I also believe that there are still legitimate projects even though at present most of the projects are fraudulent and there are other projects that cannot succeed in getting funding. I'm still waiting for a legitimate project to dominate investment again in the market

it hard to find this kind projects, maybe only 5percent from total new projects occur in market were legitimate. And 95% left were shit projects that take our money. Investors now not interested anymore in Ieo or anythingelse.they prefer buy and hold major coins such as bitcoin or other altcoin. Its saver than we Investment in new projects that we dont know its quality.

but I think this thread has a point. yes, I also learned from my experience, I was also getting too many shit coins aka scam projects. I hold some of altcoins, from the results of the bounty and even some I bought, but now everything is minus above 70%. even some good projects, in the end, they could not develop properly. like the ICOs bounty at this time, many are not successful because investors no longer trust on ICO or any project. You can see, it's so difficult now to get money from a bounty, and even some bounty managers join cryptotalk, because there really isn't a good project.

Not really. There are cryptocurrency that is legit and they are developing the technology, features for payment, and more partners. And we all know that the reason why all cryptocurrencies value are going down and it is natural.

And only invest in top 20 cryptocurrency because they have more potential to rise the valur in future and make a lot of profit but of course you need to buy a lot of  coin/token first.

TOP 20 cryptocurrencies? this top changes so quickly during the bull market that you can’t even imagine what will happen in the future with the coins that we see now in the top 20

Cryptocurrencies: 4,836 on the market right now, majority of them are shit coins, just sucking up the market cap  ;D ;D ;D.

It depends on the person perception, for some that was victim of scam, cannot understand trading, didn't earn from bounty, didn't understand the technology and what blockchain, smart contract really is. But for the opposite person, those who are earning from those stated, for those who earned a lot from investment has a positive feedback and they think that crypto is not a scam at all but it is a modern 'gold'.

Probably roadmaps are created by these developer in order to attract investors, but in reality it was crappy thing. That's proven reliable on some selected projects, and I don't think the latest one provided an honest updates. Mostly scam projects only used it to promote a project, but no active market is going to launch.

Yes. I agree with you because all crypto is not a scam. Because, if everything is scam how do you work on crypto 
and investing. There are some projects which is scam.

Before you proceed to do crypto investing  you need to check out the project which is scam or not and then proceed your invest.

Crap ideology, crap claims yet they still got the decency to even extend fund raising over years. Selfish people it is, they bring greediness to the other level lol. With these acts leaves a people a mark that they will surely bring on their entire journey in crypto world. Sometimes it made them afraid of something of projects who are real and trustworthy.

Do you think you were too negative? try to dig deeper and think more positively about cryptocurrencies

you can call it scam of course all the ICOs team needs money.

well if its the programmers that control all these then the consensus isn't going to be needed anymore. what about the project where the developers had disappear while the project is completely owned by the community itself. a project where only the community controls could be the ideal one, no website at all but a program to be installed in the computer that connects us all peer2peer.

You consider that all cryptocurrencies are scams, I disagree at all. All these announcements and routes are not bullshit at all. It's just that we don't fully understand its effects and benefits.

not all crypto and the history you mentioned are only popular in new projects, basically most of the new projects are just scams and i admit that. but when it is aimed at the top coins then i don't think so, because there have been many who have adopted it on many platforms even though its use is still not as wide as expected but at least that is proof if the top ranking crypto has greater potential

I agree that fraud in cryptocurrency takes up a lot of space but on the other hand, many of them are not scammers at all, they are rather incompetent and inexperienced crypto enthusiasts who thought that they would succeed but in practice it turned out differently.

Not all crypto is a scam and some have just hit by the bear market effect so they have difficulty to recover. And I think most scams now come with new coins / tokens that run fake ico, and fake bounty campaigns like you said. And it should be that we now avoid participating in such campaigns to invest money in the hopes that we will make a big profit and in promoting it because we know that the more people invest, the better our chances of making big profit.

This means that we should stop participating in such ico campaigns that have nothing to do with crypto development. Forget about making a big profit and think about the future of crypto if you were just consumed by shitcoins. Imagine the future if more people were to survive in this system do you think will the victims of the scam still have interest in this crypto market?

Don't forget if bitcoin is cryptocurrency too. I think generalized all crypto only because of new project is not a good thing. Other coins proven that can give benefit for people too like bitcoin and Ethereum. If trapped to scam project, so it means we not analyze it deeply and i think learn and make more research is better than make conclusion only because of that reason.

You think, if the person can understand trading, earn from bounty, understand the technology and what blockchain, smart contract, so he will have good perception. and the person who isnt, will have bad perception, right?
But, This is not about "How to make money in crypto" but "How useless crypto development"
You can read the OP post, it tells us reason why crypto development looks useless, just meaningless without any adoption

I am getting disappointed in crypto currencies every single day, but I still believe that the new altcoin season would arrive. Something is telling me that it cannot end like this and wee would have another great journey one more time.

Scam is one of darkest side of crypto-space and most of the altcoins has no real use-case at the moment but it doesn't mean that crypto is trash because it's still evolving and continue to find it ways to be more useful for people. It may take years from now but I believe that the day will come where crypto is fully adopted globally and when that day comes you will see the true worth of cryptocurrencies.

very silly opinion, if indeed you are a long time member you will know how to judge a project, the problem of the roadmap is indeed the schedule or future plans for developing a project, every plan does need a schedule,

so if you judge/see the first project not in terms of the roadmap

Roadmap is most important thing how to make investor trust with ICO site, during with roadmap schedule is destination from investor become investor with some ICO project, but we find many ICO never allowed how schedule planned with always delay from distributing bonus coin for investor until delay for listing with exchange.

Hmm, maybe you are right in something, but I don’t think the whole creep industry is scam. Also, I do not think that the completed program in one month can be taken for use by banks or other structures. As far as I know, all that we see right now is startups, which are watched by large players and when a promising development is revealed, they just buy it for themselves. Now there is no need to spend a lot of money and time on the development of a particular platform. Ordinary people create all this, and you and I raise all this to the surface. Already from the surface, large players find the best and take it for themselves.

But they can't do that and if they could it would have already happened with bitcoin.  Banks probably won't ever be replaced by crypto and even if they were to be, it would be an incredibly difficult transition and a drawn out one at that with much political fighting and turmoil.

I disagree with op's take on crypto, but I do agree that most new coins and especially tokens that come out aren't worth owning, because they don't offer any improvements on what's already available.  But it does not matter if there is no adoption in terms of spending crypto for goods or services.  Bitcoin/crypto still have value, and the market agrees with me.  Because of that, they can make you money.  And if you wanted to spend bitcoin on something, you certainly could.

Agree.  But this doesn't mean that *all* projects (coins) are bullshit.

Disagree. That is true - most project only for grabing our money. But if crypto scam - than BTC scam. Why we don't say that fiat is a scam? It is only paper even without gold support.

and guess what is the irony? those projects with real use case and vision to change the world get abandoned.

the real project tend to offers less profit in the short term as they are focusing on the long term utility so it is not surprising that not much people get interested in the real project and prefer to choose a project that offering a non sense return, non sense promises.
you are the one who choose to get involved in the fake project , still blame the whole cryptocurrency space concept, what a tenacious dumb lol.

do a research thoroughly and invest with a mindset to not making money, you will find peace with this.

I do not agree that all crypto is fraudulent, in theory each project has a different concept and plan from one another. the project has a product development structure in accordance with the plan in the project WP / Roadmap. the project can run well if the developer can do it right. The point is that project fraud or failure depends on the developer and how much they care in developing products for the market, the opportunities for project success are wide open. it's just that now many new developers no longer care about previous projects.

Lol. Quite hilarious. Frankly, 99 percent of all cryptocurrency projects are profit oriented. This speech "we are doing it for the tech" or "we are here for adoption" are all bollocks created to deceive unsuspecting members of the cryptocurrency ecosystem to buy their coins while they smile to tether. Do the best you can and never forget to look after yourself in crypto. Once you waste time in any trade, chances are you might get dumped om

You have to understand that right now we are in limbo.Read the book: Jacques Attali.A brief history of the future.Most likely from it You will understand that our future is decentralized and it seems to me that cryptocurrencies in any case will occupy a niche and will be used by many countries.just not the time yet.Alas, now the market is speculative and everyone wants to make money on it.But the real purpose of crypto we will all see not immediately, but gradually.

Bitcoin is created as a decentralized currency but everyone wants to pounce on the opportunity and started coming out with their version of the coin, we do not want several version of the coin and some started out for fun and started having huge followers and that includes litecoin and dogecoin for example, if you are looking for having a revolution, we need to focus on one coin rather than several thousands.

I thought that for everyone it became obvious that cryptocurrency in the future will be one of the most important tools in the economy and will be one of the most used funds. of course, we don’t know when it will be but we have a good opportunity to be the first in it

I fully agree with this roadmaps and whitepapers are all just promises and even a 10year old boy can make a disrupting idea like that. Thats why im out for all those projects that promises a lot. As long as one promises didnt get materialized,I consider it as a red flag and move on to the next project. What I really want to support right now is that they dont have fundraising but a pure developments in the product using their own money. And that is very hard to find because they didnt give funds for marketing.

I agree on your statement above but except for this. Why ICO projects are in need of marketing people? They need them because they need marketing for the business, they need them because ICO project should have a real project or a physical project. It's not all about programming. If it's a group of programmers then I can consider it as a scam since I'll immediately consider that as a ICO that does not have a physical project.

In the above paragraph you are talking about the ICO projects and only the curent ICO projects because these points which you mentioned are taking place only in the current ICOs and in the past the ICOs were much simple. So according to that above paragraph you cannot blame all the crypto.

Those coins which you mentioned in that specific paragraph can easily be adopted and can be used but it only need our support in a perfect way. As we know that there are a number of services which accept crypto, there are a number of shops which accept crypto for purchasing but still we often use fiat or paypal on other places to buy these goods and services which are easily available with crypto payment.
One another problem is that those companies which accept crypto often do not do well marketing so many people think that these coins are not used in the real world.

All the crypto processes are decentralized and the programmers are not controlled by any power or a group but as banks and paper money is controlled and supported by the governments so for replacing it the government involvement will be required. In the start the governments were against the crypto but now it looks like the governments are taking action to adopt crypto

Cheers bro 🍺
I agree with everything you reveal, and even the 3-year roadmap isn't 100% sure they will stay alive for work.
we can see a year ago when altcoin ICO has sprung up with their technology offerings and promising roadmaps and what happens now?

If you don' t have a good sense of crypto currency, you' ll still think bad for it. Because the time is now towards the technology trend. The use of coin to apply to life is supported in developed countries. So i think the cryptocurrency will be supported in the future.  And now it' s a good time for people to invest in it.

I think it's controlled by their team and could be manipulated. but what causes prices to fall is the big investors who sell low prices with the presale they get.

Programing and real products are needed in the cryptocurrency market. With good programming and also good products, investors will trust to invest more and have confidence that the project will be able to be independent quickly. A good project in my opinion is a project that has projected income from the sale or use of the product

You say that crypto scam is probably because you haven't found a fixed token that can give you a big profit. and I also admit that most new projects or new altcoins are scams. but if because of this we say crypto scam I think that's wrong. because if we see there are a lot of crypto coins that are not scams and can give us a big advantage, namely the coins that are ranked top. we can make a profit when we buy and sell coins at the right time. therefore we must also always conduct research in order to avoid fraud and false speculation.

indeed all cryptocurrency including bitcoin has potential for scams only that can still make cryptocurrency not scam, even ICO and IEO that are not scam are from requests and their use in a society that is increasingly the key because if there are no more demand then surely a cryptocurrency will be scam and no longer active.

Nice thought pal, just as i pictured it, if crypto is scam then bitcoin is scam and if bitcoin is scam then fiat is scam also, robert kiyosaki said why work for money when they are actually printing money fast every minutes? fiat is the biggest scam in history of mankind lol :D

I agree with your statement, there are indeed many crypto scams, but not all crypto scams, we must be good at choosing potential coins, so that they can bring benefits later. maybe you choose a new project and bring harm to you, but there are still many traders here who get a lot of profit from the crypto world

Not according to what is on the road map, it was only their goal at the beginning, the rest they did not live up to their promises, and as I know many projects that are not concerned with the road map that is in their project, so it was all just nonsense that they do it.

With some points, I agree with you as they extend the project and don't follow the original road map mentioned in whitepaper or website and in 2018 and now in 2019, there are many projects who are still extending the date of trading.

You definitely misunderstood what the OP was referring to because he talking about the crypto community not needing most of the ICOs, IEOs and STOs project because some of them are just imitating previous concept launched by a project long ago all for the purpose of enriching their pocket.

Exactly

yes, they only use fluctuating coin values ​​to get more money. Even though the project developed is quite good and can be a new innovation for the progress of city or state infrastructure. The project is only in the form of a roadmap and objectives that were never achieved. Always provide speculation about the success the project will achieve.

It does not guarantee that the extension of time that has been done will make the project successful. many have done that just so that tokens can be registered but the value obtained is far from the ICO price, so tokens are of no value. it's the same thing.

I think your Thread title is confusing and out of context "Why I think all crypto a scam" honestly do you believe all crypto is a scam, and then why are you here at the first place, Buddy we cannot deny that most of the projects today are just copycats and already done by other platforms, But there is a lot of cryptocurrency that brings a true change and true use case that quite beneficial to our time. that's why i don't think all cryptocurrency is a scam.

It is quite obvious that projects have a roadmap for future events and it is pure speculation to make an investment based on the whitepaper, team, and roadmap. The team will achieve this goal or not is question of another theme and the intention by the investors is clear at this point. They choose scam-free projects before investing but it doesn't prevent the purpose of the wise scammers from my experience.

well sometimes there are many review sites about ICO and IEO out there that haven't committed to rigorously assess projects that are truly genuine, sometimes there are still many sites that only add false ratings as long as they are paid for by the project, so I find it hard to find an original project if all review sites also work only for money without having a commitment to include truly original projects so people can invest

The title is very misleading, I'm going to believe OP and others who agree with him if he said "Most of Altcoin's Projects are scam", because there is only one thing to save cryptocurrency from your judgment, or your conclusion without any solid proof to support your statements;

If all of the cryptocurrencies are scam, why are you guys still here in this forum wearing signature campaign? I mean you could contribute here in this forum without wearing one, but you've chose to wear one. I'd like to hear your opinion about this. :)

Undoubtedly, many crypto are scammers. But there are also successful projects that are hindered by some factors, regulators, the price of bitcoin, and so on.

I think the vast majority are in for a quick grab of money, only very few ones are almost legit although they are still trying to survive so it is kinda hard to differentiate the legit from the non legit projects,

i also think that people are expecting too much from this project withing the shortest possible time hence the reason we are experiencing this size of scam projects everywhere,

any project with no fancy white paper and some elaborate road map, most people don't tend to take them serious, so you can't blame the smart ones who knows how to package properly ;D

Having a fancy whitepaper and detailed road map doesn't mean that they are already legit, had some encounters wherein they have massive campaign, they do have great whitepaper that is very actual, or that it can actually answer everything you need to know, they have good road map and it can blow your mind, and they even reached their softcap but still turned out to be scam and they run away.

3 year roadmap and invisible product. Most of crypto are like that but not totally all because there are still cryptocurrency that are usable and they valued their investors. Some of them have product also just like exchange. However, only few projects succeeded when time goes by and even they are all have products they are still dying because of few investment.

I think it's also because of the side of the investors because most of crypto investors are just want a quick profits so they will move into many several projects in a short time, that's what make the previous projects are stop developing because they left by the investors because the investors are moving to new project that can produce quick profits.

And it took us two years and millions of investors money, to find all this out, what a waste of time, and money that is why ICO are ignored now, so many coins has become a pump and dump, there used to be a popular trend in the ICO, and these are the exchanged based token because of the success of Binance, now all these exchanged based token are now useless, no traders no volume, cannot even reach the top standing.

Yupz, you are very popular, a project can develop and success depends on the number of investors, so what should be prioritized for a project is how to attract investors to the project.

core team  stop developing their projects because they have no idea about their plan in future. there is no correlation between investors and projects stop. we could look at their token sale , they collect much money from this. so if investors left their projects and start selling token, developers team still have many fund in their wallet. it depend on their will , if they give up  although still have reserve fund  ofcourse they stop it . and ended with exit scam strategy .true developers team will continue although they have limited fund.

We all experienced regrets for believing on a certain project when we started believing on the roadmap and announcements that was posted in there. We can consider those things as a bait for investors wherein the more believable your roadmap is, the better the profit coming from money thirsty investors. We all want to be involved on a successful project but most of us just plainly want profit, we cannot blame them, money is very essential nowadays. It's hard to trust these days but crypto is all about risks so we have no choice but to gamble.

To have actually hit the nail on the head of crypti is actually commendable and very impressive. I have been accuse of teaching my students of the nagative aspects the new projects are bringing into crypto. They are twisting the ideas of existing projects, rewriting whitepapers and they even go as far as employ same private developers just so we can invest and they can keep extending their roadmaps.

People seem to understand the way this project owners are manipulating investors more better now, someone will wake up one morning and create a coin, wp, roadmap and then expect people to invest in this dream that could never turn reality,
now, i can only support a project with campaigns but never again with money, at least not this period when the market is filled with empty promise project,
my only invest now will be on btc, case close.

Sure, a  lot of project just spend money for own needs. But if you talk that all crypto is scam, it means that Bitcoin is scam and Ethereum is scam. I am not believe that it is true. A lot of poor in past peoples get a huge profit thanks this "Scam".

Being fair, just because most of the projects come out to be scams does not mean we should ignore the efforts of real projects that have been with us for years. I have same perspective in this matter. We cannot deny how bitcoin produced millionaires at young age. We cannot deny the fact that crypto currency is new face of money. Moreover, this scam issue has recently become a nuisance and people are becoming aware of them.

Oh so that's what this is all about. Thanks for reminding me that, that's how it is. It's true that many projects are getting concepts of a launched project. They even managed to copy some excerpt of their whitepaper or sometimes, they are also copying the sites. What's even brutal to investors is they even copied concepts of a fraudulent ICO. So that's twice the sin of the first lol.

Investors leave project => the project lost money => devs cant develop without money

Devs have tokens, investors have money. investors buy the tokens, then if investors sell all tokens, investors will get back their money
if that happens, devs have nothing. So devs cant develop without money

Your point is talking about altcoins am i right? well most altcoins are shit and bitcoin have higher chances of becoming mainstream in the future but still i never stopped even after few altcoins blow up my hopes in them, i keep grabbing while i can and i am certain that i will be a owner of good useful altcoin someday

The investors are willing to invest in a project if the projects show that they are high potential projects, like they have to do high marketing and have to do seminars and have to remain in contact with investors.
My second point is that the investors do not leave a project after the end of ICO and any time after that if the project continue to develop more and show their obvious growth. The investors will leave the project only if after the end of the sale the developers becomes slow and leave their promises.

The Devs sell the tokens in the crowdsale and get money. The investors after the end of ICO when find it beneficial start selling their tokens but it does not mean that the developers buy back the coins and the investors also do not impose them to buy back the tokens from them. The developers have to continue to work on the project and the investors also want that the developers spend that earned money on the development of the project.

Its really good information for all the people. Especially for Newbies. Some crazy people even think about leaving thier regular job to get into crypto thinking they can become millionaire overnight.

My dear friend, I also really believed in all these projects, but due to the fact that many of the creators are scammers and the projects that they create turn out to be SCAM, all opinions about this industry just got spoiled, all because of such ghouls like them, let's be a little more patient and I think that over time after the regulators enter the market, all these scammers will disappear as they begin to fear a prison term and we will enjoy cryptocurrency as an industry.

Your thoughts are cool, if it is felt that all scams are, but what I feel is that not all of them end in scams, there are some long term projects which at the end of the project are responsible for all programs and payments to all participants related to the project. And there are also projects with the latest technology, vision and mission, facilities and human resources that are sophisticated but lead to scams. In my opinion Crypto is like we buy a cat in a sack on the curb. Where we don't know which one is a good cat or a diseased cat. And basically and we know that investing, playing in crypto, we have to be prepared with all the possibilities that will happen.

I too had the same thinking as Op. It isn't wrong when we look from the outside it looks to be very simple to develop a project. I don't deny there isn't any scam projects, and I understood the difficulty of being a programmer through my friend. It isn't that easy to make things within a month. Based on the necessity regular updation is done. Just because it gets delayed we can't conclude those were scams. I've experienced projects turning to be successful after months of inactivity.

Most of the project do that , yes. They start something , then they extend the roadmap period , they add fake members , do fake volume on exchanges , promising this and that and in the end you wake up that you lost 90% of your first investment and they announce they can't sustain they project any longer as they ran out of funds so they make a swap of token and ask again for another round of money.

What you said there is nothing new for most of us that is why you should not invest in projects that are promising a tech that cannot be achieved in any ways...like 95% of the total project on the markets right now.

New projects have almost the same technology and similar ideas, the project developers are good at making ways that their products can be used by everyone, but several reasons will often arise after the developers get the hardcap they have achieved, this is very confusing when the altcoin they sell will have high prices in the future.

It doesn't make sense to call it "all" tho, some of them are not scam and could totally be used and have utility. I mean simplest answer would be BNB where it is used for trading even if you think bitcoin has no utility (which it does these days but thats fine) so long story short I agree that there are 2000+ coins that makes no sense at all and they just have "you can use this for x purposes" but you also don't have to use it so it becomes futile and useless all of a sudden but in the end there is absolutely no reason to keep blaming the top ones for the failures of the bottom ones.

I have used ethereum for so many stuff in the past 3 years that I forgot it was actually an investment option for a while, I have bunch of memories and fun that I can recall that was all thanks to ethereum.

I've also met a project that has been dormant for months. I thought this was a fraudulent project, and I had to move on, but it turned out to be a satisfactory return. and if it's like that then people worship the project. I think the team is focused on project development, and needs time for that. they prove by action, and during the vacuum we denounce it

Agree, it's too much to say that all crypto is a scam because the proof is that there are many coins that are actively traded. The indication of a scam project does not mean that all crypto scams are because in the crypto market there are more than 4000 types of coins and not all coins have transaction volumes.

You just said it all, first they will present an attractive features which will draw people and then the game starts, one postponement after the other followers by unnecessary extension which is certainly of no use; this will continue until the investor and community members lose interest and ends up losing as well.
Nevertheless, I won't say all though, there are few which are genuine at least BTC and ETH are proof of that, the main case is that the number of fake projects keeps growing thereby making it look like this space isn't worth it.

Now the number of fake projects does not continue to grow. statistics just remains the same as it is. 90 percent of new projects are a scam and the remaining 10 have a chance to survive

I know some project made people suffer and spread all bad in market so people talk bad about it but its not like this as fall and rise happens so who are new have to be manage and work hard before investing that never invest in scamming project, making research helps to face such situations and not to be suffered that's why for me the most important thing for any project is trust of investors.

but I still believe that there will be projects that truly benefit many people. but for now not, the investment trend in new projects is not like a few years ago we have to wait. Most projects this year have failed because they did not get enough funds

I really like your boldness to speak up on this particular case, most projects are outright scam or baseless, no matter the said products or development they claim to achieve on the roadmap. Truth is, if regulations don't come, anyone can always come up with a project, make money from it, create hype around it by claiming to achieve milestones on roadmap and make much more money repeatedly. However, mainstream  adoption will take a long time to come and till then, we will just be going through a cycle of "development and use cases on paper".

THank you. What I noticed among many people who commented is that they think in future tense. My statement is stated now, not in 3 months, 3 years or when Bull run happens. Not when Ethereum's, Bitcoin's etc, main adoption happens. That is why I like "development and use cases on papper" :D .
What I'm starting to notice is that serious companies with a legit bussiness are starting to get interested by blockchain technology, but with this speed it will take 10 more years. And for some reason I think none of them will adopt a currency which is already in circulation. All countries will just create their own, centralized digital money which will be also easy to manipulate as are the paper money. Thus crypto will be used only for shady deals, Darknet and some small shops since they can crypto can easily be outlawed.
Nevertheless, crypto will brend a very nice tech to the world by the name of Blockchain.

The major problems which make most crypto projects shady is because they lack real life use and adoption. It's also true that there are many scam projects with Roadmaps which will never be achieved, but at least very few projects are really trying to be on track. Truly it's not easy for a new tech like crypto to be adopted especially when the authorities are restricting it. Talking about fake recruitment announced on social media, many projects are guilty of this.

You are saying everything correctly, since the crypto industry is something new for people and for governments of countries, as well as for banks, and they do not understand how to correctly perceive it. Many due to the fact that they do not understand the whole technology and capabilities of the cryptocurrency, immediately put an end to the industry for themselves and if the government from any country does this, this immediately affects the course of the main cryptocurrency “BTC” and, after it, all other altcoins. Meanwhile, while there is no regulation, fraudsters take advantage of this and rob people of the money that they earned honestly.

In my own opinion, I do not think that all crypto is a scam. If there is an existence of one original product, there is every  possibility that the counterfeit will also exist. Though quite alright some crypto are scam but not at all. The crypto enthusiasts are the ones that need to be careful with the choice of crypto they want to participate in. There is a need to look before one leaps. There must be a thorough research into any crypto aspect that one wishes to partake of so as not to be a victim of scam ones. The necessary parameters in checking of authenticity of any crypto project before participating must be adopted.

After 2018 people lost trust from new project, but real projects still available in cryptocurrency. About roadmap or more details, in top coin VET and TRX. But before ICO feature release people were supporting cryptocurrency and now also do. All new aren't fake as scam project.

The cryptocurrency wasn't accepted so quickly by the community if were not for the desire and the possibility of quick enrichment and profit.I think,the road maps, white paper, interest payments to the fund and etc that isn't scam, but a game according to the rules established for project's teams.Therefore, each project creates its own token,because it’s easier to collect investments and don’t have to share it with anyone. If use already known alts - it means dependence and centralization, promotes monopolization in the cryptocurrency market.

Bullshit.
The people need time to know and adopt cryptocurrencies, marchands too.

It seems to me that people not only need time, but also good news, because when in 2017 the news sent Bitcoin to the moon, everyone believed in cryptocurrency and started investing in altcoins, but since the rate fell and hopes also disappeared, let's believe in the future of cryptocurrencies and recommend to all friends and acquaintances, because this can give a little push which is now very necessary. There are a lot of projects worthy of attention.

I think it is too harsh to say all of cyrpto is a scam.
Certainly there are plenty of scams out there, and equally there are plenty of legitimate projects that have no real use case and don't offer anything new.

But it is also the case that there is some good stuff out there. Bitcoin for a start. Similarly it would be difficult to argue that Ethereum is a scam - there is a lot of interesting functionality there which is not present in BTC - smart contracts have a real solid use-case. Same for XRP, definite use-case in international banking, which can't be filled by BTC.

So some are scams, a lot are pointless, and a smaller amount are genuinely great projects with talented developers, well-thought-out road-maps, rock-solid real-world use-cases.

(That may be my personal record for consecutive hyphens.)

I disagree with you on this one, you should've listed out the once you feeling negative about and not generalized it considering the fact that bitcoin is the mother of all crypto currency follow by ETH and some other great projects out there that are really doing great.

I said what I meant. Bitcoin is not much different. Yes, it is "The Mother of all crypto". But do you put it at number one "followed by ETH" based on it's price or based on it's development, capabilities, power usage, speed, features, etc?

It gets older and older and companies like Paypal now have feeles payments for friends and colleagues. By the time Blockchain develops enough, these companies will also develop new strategies to ridicule the piling up of thousands of power-hungry, noisy machines to make (not always) cheap transactions.

I agree that not all crypto projects can be definitely called a scam. But there's a really huge amount of scam projects which makes very difficult to find good one. Only a thorough individual research and market analysis can help you to separate a gem from the garbage.

The crypto market can go further, but this is the market for startup projects to make money and disappear rather than serious project development.  They do not know how to make money and they have invented ways to raise money, print their own money (token of project) and find ways to sell them to everyone.  Speculators continually buy and find ways to increase the value of cryptos and sell them quickly to make a profit.  On the marketcap almost all projects reduce their value from 2 to 100 times.  Only BNB has been driven to increase prices in the last IEO trend.
The consequence of today's market is due to the fact that the fomo is so high that it causes a collapse in the price model.  Some projects have reduced points but they always try to create their products such as Link, Nuls, Thorchain ... and many other projects.  As long as their team is active and the programmer is working, the project cannot be called a scam.

the problem now is, it seems difficult to sort out between an agus project and a garbage project, many of which are mis-analyzed. therefore not a few people are frustrated with this, and they stop investing in new projects. and choose to wait for the market to return to normal or invest in coins that are already trusted

I think IEO and ICO, many of them are scam so its hard to say it will take longer of time. After bounty tokens distribution all of those coins automatically dump, and cant follow the main price of their coin.

Well said, it is pretty accurate that there are some of them that is proven as scam and you have to be aware that you can't easily get rid of some problems regarding on scams in cryptocurrency. What can you expect? people these days are taking advantage of crypto to get the benefits they wanted and if you don't want to get scammed then educate yourself. You should be cautious and attentive, do some research or ask people for their opinions before engaging into something so you won't end up feeling remorse about your actions and decisions, then after that blame everything in cryptocurrency because of your stupid actions. Sometimes we are the problem, cryptocurrency is speculative and that is the reason why you have to prepare yourself to overcome or avoid falling into some sort of scam.

It's depends on what ICO/IEo that you joined, there are many ICO and IEO outthere that the price was pumped right after the IEO ends, so i think it depends on the quality and the hype of the project. If the project is good and the exchange who held it is credible (for IEO) i'm sure there are many people hunt it for demands and it will be profitable for the investors

it's true that many are scam and difficult to distinguish.
but depending on the product quality of the project, if the product cannot be expected for the long term, it is certain when listing on the market will be dumped because people are not sure about the project. the average successful projects are those that have good products, initially dumped because of the bounty hunter but after that they can survive and the price is rise up again, I have seen in several projects that I followed before. 10 of the projects that I joined only really survived is only 3, because the product was really good.

Judging all IEO are scams is not right, you won't see the project appears everyday. But I will agree if all IEO project are shitcoin which mean its price will high before it launched on the exchange but after that its price goes down even it is worthess eventually.

Give me an altcoin which launched through IEO and its prices is stabil, I mean its price still high although it was launched on an exchange? I will be intresting to know it more. Even, I'll buy the coin when the developer make another project.

I believed we should also blame some investors too who invest in those ICOs and IEOs They are always after the juicy bonuses churn out during pre-ICO not minding the viability, reliability and credibility of that projects while the team of those ICOs are after money invariably after raking in millions of fund they would run in thin air thus the project becoming scam this had been painting investing in cryptos in a bad light.

I don't know about the other exchange IEO but mostly i am following the Binance IEO's, most of the coins listed in binance exchange are increasing their prices right after the IEO's. Of course, there are other exchanges which people are investing in IEO's but don't know how far they are getting profit through those exchanges.

The average person using it to TRADE/find profit quickly I guess that's attracting the attention of many, but not all is aiming for it, many also do have goals such as payment or other.
So we have to look from the other side too.

What you say is often the case at the moment, but we also cannot judge all IEO or ICO projects as such, because there are also many good and good projects for IEO and ICO to follow.

As far as i know IEO projects from gate and binance always end up with 2x upward and investors do gain better profits, i am into these two exchanges only so i can't say much about the rest

we cannot blame investors, investors also seek profits in that, the bonuses offered by some projects are more than 50%,
and that is the fault of the project itself, why? the system provided is very bad, if they limit investors in taking bonuses it's good,

Crypto might be regarded as scam because it is largely a profit oriented endeavor where over 90 percent of the developers launch their coins solely for profit, especially in an unregulated space and in most cases in a fraudulent way which entails luring unsuspecting victims to give away their fiat for a blockchain crypto tech assumed to be a major key player in the financial scheme of things of the world bodies in the future. So while I am pro crypto and doesn't subscribe to the saying the crypto is scam, I still don't blame any individual who thinks otherwise

Majority of crypto were scam that's why we cannot blame the OP and the investors to have this kind of conclusion that crypto is a scam. We cannot force him to believe us, let's just be happy and contented for now that the real projects are the one who are topping in the CMC and those shitcoins are dying, for sure one day CMC will be able to removed them.

It's sad little attention is paid to project attitudes after ICOs. Forks come from greed because already existing blockchain can be upgraded, for more scalability than forking the chain. The new chain doesn't replace the old chain, it doesn't take the function of the old chain rather it starts a new idea which isn't good for the space.

Hi Whotheff,
Congratuation!! You passed the FUD and FOMOs test! This is the test use for showing which users is good at checking the project. You know why all projects now have the name : Shitcoin. Bitcoin, also, is a shitcoin. All what devs do is trying for taking money from everyone (Except PAWS, which is use for charity). So better for you is out of Shitto and choose another market to join in like Forex

Exactly man, Many coins are pretending to be a long term but once we ask them if how long their project runs they can't explain all the info. The lesson is we need to know all the way if how long and until when this project exist or what is their plan to say that they are stable. So they can run or scam us anytime they wanted if this after 2 year before to run or 5 years right?

Hi Tiang-tower, sorry if I telling anything that make you uncomfortable, but really, IEO and ICO is created for taking money from users. Devs will create a good roadmap, good revision, and many more think to make everything think that this project is good. But but actually, all the money you earn from IEO/ICO is take from another users!! So take care of these shit!

The bitcoin is a pyramid. When people start working in this business, a few % of them will be wealthy and the rest of them will be miserable.

Because that's where the actual opportunity to get a lot of money for them.
Making a fake project and then launching it, once they enter the market they are just waiting for profit taking, no one knows how many tokens they have at launch.
About Roadmap? only 10% can actually go according to the schedule, of which 90% are just an excuse to go on longer and then the project is closed.

The pure truth is that crypto is a game of scam and many only stick to it just because of the possibility of quick money. The technology we are promoting is transparent and have what it takes to transform the world but human factor of not being able to do the right thing in an atmosphere that doesn't force them to be accountable of their actions is the shortcoming of this industry

Better to make reference to alts rather than generalizating it, if you say alts are scams i won't argue that excluding btc,  most alts are nothing but empty promises without nothing to offer, the only thing good about alts is to sell at the right time, ones you miss that opportunity, it will hardly comeback, something i have learnt from experience.

We all believed that cryptos might can change our life someday and to be honest it just like a quick money making if we do it correctly.  I believe that peoples will accept cryptos and will be use on all around the world without banning it.if this happen bitcoin and other cryptos will pump up for sure.

actually roadmaps are important because the roadmap is a project process that will be passed, but the main factor is true, the people behind the project are the main key factors of the project success

I like your candid opinion, honestly most project developers are just in for the money. I've been wondering why forks occur when the original  blockchain architecture can be improved. It all boils down to greed like you mentioned. Too many projects sprouting on a daily won't help this space, we need quality projects even if there are few.

Not all are scam but what we have to do is to always conduct our research before failing in wrong hands as some project owners will dump and leave the system to another project so let's always try our possible best not to fail in wrong hands.

2018 really did a number not only in the reputation of ICO, but the whole industry of cryptocurrency. Indeed, most project failed and even more are planned to fail in the first place. Yet, there are still few that have great potential in the market but there is no spotlight for them. There are too much for them and too less people in the industry to support all of them.

not all crypto is a scam, it is true at this time many projects by issuing crypto themselves and some of them do have some nonsense but some are successful, we need to know that bitcoin is still the real crypto and not a scam

I know the very big issue crypto is having is lack of regulation especisl IEO and ICOs as many have been a thorn. Investor have lose interest while those still striving are investing with low amount just to avoid more lost. But through it all crypto isn't a sc. It has elivated many financially all we need us regulation to weed if fake and scam projects.

Of course, the road map and other documents are nonsense. Now investors don't believe the words for a long time. The success of the project is determined by the work done by the team. Now everyone believes actions, not words.

Promising process all investors will like. You are getting angry because you lose something. You will change your mind when bullrun will start. Legit project is doing because they couldn't rise enough funds. You are wrong because few developers can't control everything.

I do not think many people will be interested in technology, the roadmap of the project. They only care about its value, liquidity and support team. The project of fraud is too much, goes the announced route, does not pay bounty hunters, does not pay investors, ...

You have a good point. All you said is true. But I think as long as we have a good income coming crypto it doesn't matter if it is scam or not as long as you know how to use it and how to be a beneficiary because of crypto.  We don't need to focus on negative way. But we need to use it as advantage to have a good opportunity.

You are right but not all coins in crypto market, but new projects. all the top coins have achieved what they promised investors in AMA sessions, such as Binance promised to buy back the coins and burn, they did.
  The problem here is that we should not rely too much on the promises of shitcoins, because the CEOs just want to make money from investors and run away.

Not all, but there are a lot of scam projects, maybe in 100% there is 70% on them that need to be avoided and need to gain more a lot of info's so we will not fail on their hands and make a decision for our self to learn what others experience. scammers are always there to get what they want.

In my opinion, people who think that all crypto is a scam, means that they have had a bad experience with crypto. Not all crypto
scam, many crypto are profitable and make investors enjoy profit. Of course, with its many ICO projects a scam creates a negative
effect. Therefore, education is needed for investors. So you can be more careful in choosing crypto or projects.Now many people
hopeless see the development of crypto prices in the market. Indeed a prolonged bearish making stress some investors. But we must
remain optimistic, by choosing crypto that has good potential for investment.

Indeed not all crypto is scam, there is still good project to choose and that’s our own task to assess a project. Actually mostly not worthy project even they had an update their roadmap if no ways to sustain and develop it still ended up failed. Also patience in this journey is our need when we join a project and of course still best to check first to avoid us scam.

I don't think that all of the cryptocurrencies that we have in the market are scam. Even though they are volatile and can change their price anytime with either a huge pump or dump, it doesn't mean that they scam. Only some of the cryptocurrencies are scam because of their effortless movement to their project but you cannot generalize the cryptocurrency as scam because of those factors including making quick money.

haha, sound crazy but can not disagree with you though.
some coins like ETH and XRP at first few years, no one believe that they can be success at this level.
but at those years, road map and all promises are fake. so is there anythings real after all?

Not for a moment denying the fact hat the market is more of scams than trustworthy coins or projects but this does not make the whole digital currencies world a fraud. If ever, this was true, we wont have rich bitcoin holders with us. Scams have become the trend in all spaces of cyber world and only those people fall into such traps who do not give importance to doing own research.

The difference with now is that the increase in crypto users is also in line with the increasing number of crypto scam investment patterns that emerge, so that large investors choose to be passive for a moment. It used to be more interesting because in the era of uncertainty there still appeared a number of coins with strong potential, Eth was one of them, now everything looks the same because negative facts are too dominant.

They create anyone shit and people just buy into it like idiots. If people are so blind they cannot see it then who is really at fault? People just need to stop giving money to scams that's all that needs to happen.


There are still good projects but they do not promise infinite wealth and easy and quick returns so people are not interested. They would rather hear unrealistic lies and give in to those lies through total ignorance and greed.

This can be observed and applied to many projects nowadays especially in the recent events. Successful projects are becoming more and more rare each time another project fails to reach the main objective of it. It is difficult and sad for bounty hunters to promote projects that he knew would fall in the end.

we should not generalize all crypto were have same condition. many of them really developt their projects so they could deliver product to their community and ecosystem.  and i agree pump and dump happen due the fundamental that happen in projects internal. investors judges it worthed or not to buy in market. if price increase mean they believe to this projects and vice versa.

You are right but not all coins in crypto market, but new projects. all the top coins have achieved what they promised investors in AMA sessions, such as Binance promised to buy back the coins and burn, they did.
  The problem here is that we should not rely too much on the promises of shitcoins, because the CEOs just want to make money from investors and run away.
[/quote]So do not ever involve large amounts of funds for new coins or tokens. That's a high risk. It is better to choose a project from coins and tokens that already exist and are proven to show good development of the projects that they are developing.

Good hopes will continue to emerge from the crypto world for everyone. People won't want to see something like this happen again next year and if it happens again it will get worse. Crypto users will experience a very rapid decline.

Believe is a something which is not based on hard facts. In fact, it is not based on anything but some weird internal feeling, often mixed with desire.

Even if you have a decent project with unique technology, it usually does not have enough money for marketing.
Who can stop anyone with money to just clone the project, invest the money in it and flush the original (you) in the drain?

how will a project or project team be able to recruit investors and raise funds quickly if they make a roadmap and other plans for more than 3 years? that is the way they attract investors. creating a wallet program that isn't important to make sure they make the product. make partner and other labels. it is a strategy. more than that, do investors now have confidence in the current project? not. they are just looking for a pump and exhaust to make quick profits. and leave it. so, everything is balanced. no need to hold. buy, sell, then leave.

Eradicating poverty is one of the features of crypto and so far they has proven their worth, many lives are been changed over time so either scam or not as far as it can still change my life i will stick with this technology for years to come, we have many scam projects but many good projects have already been around for years already, enough time to exit scam but they didn't.

You can say so about the majority of coins on tokens that are already live on the market and you will be right. People have blindly invested in poor projects back in 2017, now you must have a working product to collect a soft cap and in my opinion it is a good progress.

as we have more of funds from the investors than we should work on extensive as the manage of plan on preparing launch of service of the DOGEM application for pupils of indonesia. as whilst to work on arrange with the initiation as expecting of more of investors to supports us with the DOGEM project.

People invested that time because of HYIP. Also few people made huge money. But that time who entired in crypto they lost huge money. That's  why people lost Their  faith and many investors left the crypto area.Because of huge loss people saying that crypto is scam.now days if investors invest money in crypto they should choose right coin/token. investment without research is risky and investors can lost his money.

history such as road maps or anything can still be falsified, unless there is a rule that requires them to pass a valid license and in this case the scam project will look like it has a real product which is basically a very different reality. but even so i'm sure there are still many real projects out there that continue to improve their development for the better and investors should be more careful on this issue so that they don't get caught in a loss hole because of the many trap by those scam project developers

Anyone who have this mindset shouldn't bother about investing at all, there are hardly any project as of late that will generate any investor such fast money back especially at the present market status, this is not bull run season so many project after ico often go below ico price, in this case, it will be difficult for the investors to regain there money back even if you don't intend to hold, the only best option is to trade for quicker profit, since investors are not ready to wait a while for project to develop,
On the other hand, if you are lucky the project hit the exchange and price is up, sell and move to the next project.

I refuse to believe that all projects are scam because where there is losses there will always be profits, many old altcoins are good and they have been around for years, i don't see how they are scam either market is bad or not

The crypto market is now quite large and also has good trust in the world, so people also believe that there are coins that are beneficial and also detrimental. There may be projects that are detrimental due to fraud or others, but we can also see projects that are really real.

Maybe OP think altcoin is that new come from ICO.  ;D And never look back when cryptocurrency is a lot and have different types. If all crypto is scam then what will happen with bitcoin which give profit for it's holder if they can manage it well.

Irrespective of the fact you have pointed out a good level of truth but I still think you should add "some" to your title or to your write-up. Bitcoin isn't scam and it was the belief you had or have in it that brought you here. I bet in your wallet there is either ETH or some other coins you trust, so if they all are scam why holding it? I tend to have my reservations when saying crypto is scam.

It is not because people lost huge money (due to low price), but because many projects exitscammed, exchanges robbed themselves
(yesterday Upbit "was robbed" $48 000 000 worth of ETH) and you could see the true human nature - take and kill instead of build and thrive.

Because the number of coins or tokens that do not have a large transaction volume, does not mean that all crypto on the market are scams. Of the 4000 altcoin on the market, in my opinion there are more than 150 coins and good tokens as investments and have partnerships with famous companies. This indicates that in the cryptocurrency market, we must always do research first before investing so as not to end up on a scam project

If all crypto is scam I wonder why Bitcoin is still dominating, I wonder why till date it is the most valuable coin. That many projects are not in line with the idea of this space doesn't mean that other projects are same. A coin like Eth is trying its best, Bitcoin is waxing strong so why terming all coins as scam.
On the other hand, am not saying there aren't scam projects but saying all crypto is scam is too much to bear.

Cryptocurrency is actually not a scam, especially bitcoin because there is a lot of proofs that a lot of people have already earned a huge amount of money from their investments. I think you should be specific because not all cryptocurrency is a scam the only that is a scam in the crypto world is some projects who attracts investors and bounty hunters, so they could steal from them.

That’s really bad if people invest their money in New projects that they even don’t know and later on they blame the projects so it’s much better to save yourself from a scamming project and involve with well known. In 2017 people lose money because they did not sell on right time but now there are so many ways to gain knowledge so keep learning than investing blindly.

Earnings are not an assurance of legitimacy of an investment. There are ponzi scheme which will give you money at first then steal it again to you. Yes, there are also people that given an opportunity to change their life during the peak of bitcoin. But most of us lose our money on it.
OP talked about the possibility that crypto might give to traders as well as investors. The possibility to be scammed in crypto space. Even, crypto gives a lot of opportunity to all.

you are only talking to ico coins right  ? because these are type of coins that all have the requirements you mention on the op but not all of them are scam but others are already succesful and useful until  now .  now other coins like eth and btc are dont have the requirements that you mention on the op plus these kind of cryptos are obviously not a scam .  i know the feeling of hate but please do only hate the coin that gives you a headache and dont include all the cryptos on your hate list  .

I agree that many coins are useless and scam, and even most of them is like that.
But, it doesnt mean that all crypto is scam. OP do generalize for all coin which the fact is NOT

There are still many good coin in cryptocurrency, the easiest way to find them is top 10 coinmarketcap
Bitcoin, Ethereum, EOS, Litecoin, Ripple, Stellar, ect. Those are old and well-known coin in cryptocurrency

Actually I HOPE crypto will see better days. I like blockchain tech and it's idea. What I don't like is constant scams, cloned projects, projects with no reason to exist, projects which want to become the only currency for the whole world, projects which cannot offer anything different from the basic decentralized shit, scalability shit and other pumped up words. They are all like leeches, suking the living juice out of crypto.

They are in top10 of what? Power usage? Low fees? Greatest decentralization? Highest security? Ease of use? Real world usage?

yes even a real project and already launch are turning out to be scam after they launched but the project failed and they don't continue anymore with the development, they are just after the fund that they have raised in ICO/IEO and the token they dumped in exchanges, most scam projects are like that they are using professional dev, admins, marketing to look like a legit one. 

Truth is many people are into crypto just because of the money they can get from it and it applies to both investors and even project devs. Most projects developed have no real use case except maybe a few out there. I am still keeping an eye out for airpod's sleeping pod project though.

You have really pointed out some of the factors to consider on evaluating a scam campaign. It is true that most of the campaigns right now is a failure but not all of it are scam. Some are legit and some are successful too. We just need to choose carefully where to invest and what we need to support.

With a little bit more care and observations, an investor can easily identify scams and after the invention of IEOs, it has become even easier to plot such frauds. Big exchanges do not let the poor projects to appear. However, the best is to stick with old coins that have proved their worth and potential over years. The main purpose of joining this market is profits and only bitcoin or good altcoins can do that.

Fraudsters have become smarter because they are finding new ways to trick an investor.  Nevertheless, the main problem is to find a real promising project among all existing today.  I think that you need to choose according to the most important criteria, which consist of how much the project will be in demand in society and whether it will be applied in practice in the everyday life of a person.

We often see this and that is the reason why some people think that crypto is a scam. If someone is more careful in investing it might be affected by a scam that will never happen and will definitely do research before investing

Well, the analysis is that the road map of a project cannot run well when they start developing a project and in fact there are also many projects that always fail in planning and the results they decide on their projects not to proceed for technical reasons and various reasons, but we also can't close our eyes and give all the scams because there are still many developers who actually develop their projects.

If you say all Crypto is scam then you have succeeded in adding the father of cryptocurrency (bitcoin) to the list and in essence you know BTC is quite distinct amongst them all. That been said, majority of these cryptos are actually scams with the intent to defraud unsuspecting public. As you rightly mentioned most of these roadmaps are just a way of buying time because the team knows they will not fulfill those goals as stated. Crypto still has a long way to go to be fully adopted, so many persons see it as a means of earning for now. Some can write awesome whitepapers with nothing tangible afterward to show after collecting monies through ICOs and other means.

At first, when I heard about cryptocurrency, the first thing come into my mind that it is a gambling or a game or what, but when I asked my friends about it, I don't really understand what they are saying until I started to use it by learning on what tips they have said to me, I am actually joining particular bounty campaign to earn crypto and in order to choose some projects, I am making sure that the particular project I want to join in is legit and they will pay me when I do the tasks. I can recognize that by looking at their website and especially in their whitepaper.

It seems to me that you are right on the one hand, and wrong on the other, because not all projects do not fulfill their promises, for the most part, yes, but there are a lot of small projects with a narrow circle of investors who drew on their roadmap real promises that can be fulfilled in the realities of our world and they fulfill them. Yes, and we should not forget about such large projects that are now in the top 10, such as ETH, BNB, XRP, when it all started with a road map, and everyone knows how it ended. The main problem of investors is a rush, it is necessary to thoroughly analyze projects and need endurance.

If you consider all crypto is scam, but until now you still have them, that means you are a hypocrite! As we know, it is true at this time the most crypto are useless (do not have any real functions) but as long as it is still profitable to make fast money I think this is no problem. Because the important thing is never to get lose, right?

I am not sure whether all the cryptos are scam. There were some projects which started in early stage of the crypto are real. But only some projects. Most projects that came were scams only. Just to make quick money.

Yes, there were more projects that are much about making quick money. For this reason we can't term each and every project to be a scam. When we talk about scam I've come across projects that run away from the Roadmap but they keep working on it. This is happening with projects, and think of xrp. For years it wasn't known to the world, but sudden growth took it to the top.

I do not think that all projects are scams, although what you have mentioned is valid for many of them. I think it is necessary to be discerning, it is probably the most complicated part to bet on good projects.

I feel like you've been scammed big time or invested on some crypto and turn youre anger here in forum big time. Relax men, what you have said is right but dont jump to conclusion, there are still some crypto that blooms even their comes from an ICO. Eth before is an ICO and see how it grows. The roadmap is on their timeline and getting better. How come some project like that could scam us. Maybe for new projects.

You may have any explanation but we will not believe that still some good stuffs are need to be work on price change and investment amount based on that.cryoros are good as well as bad projects are running in the market but market for the crypto never ends we people need to work on the and learn more about the scam attempt to leave it.

In my opinion, I should spend more time researching that project and have a specific plan before investing to minimize risks. I think any investor will have a few times investing in a number of scam projects and this is inevitable because investor sentiment is very easy to manipulate when the market starts to rise.

This year, there were hundreds of different new projects, but those projects soon went bankrupt because no investors were interested. Currently, at this stage you should only hold Bitcoin or Ethereum to earn the highest profit.

Not all, the funny thing about this is there is coins that looks like scam but actually survive. but that kind of coin is facing intense problem on crypto world on how they manage to survive in the next month or year mostly this moment our market is in bearish stage.

Maybe lots of worthless or no actual utility uses coins are ending up of windled but not all.

I also came to the conclusion that basically all crypto projects are fraud. I took part in bounty projects for almost two years and, following the fate of these projects, I see that not one of them has received its further development, even those projects that at first showed themselves as successful today turned into nothing.

Not really everything, but most of them are. The highly anticipated projects such as Bittorent, Matic still do well in their stages and they deserve the trust of many investors. The most recent we can mention Rune and Cosmos. So the most important thing is that we need to choose the right project to invest. I know that this market is full of scams but if you need to invest, you should invest, only one chance. Anyway, we still need to learn more from the right investment experience, don't let the scam projects continue to take our money.

RUNE and Cosmos are already familiar to traders today, if you look at prices on coinamarketcap, RUNE has increased quite high by 25%, and is able to get into the top 200 coinmarketcaps,
but in terms of trust I cannot guarantee that RUNE will be like Cosmos, because RUNE is still new in the  crypto currencies

This is indeed often the case in cryptocurrency where many people easily believe and are interested in investing in new projects where the project has only been running for a while and it is true that we must test or at least observe the project before making a decision so that we can judge whether the project is possible to become a scam project or not.

Unfortunately some countries banned ICOs so these "fake projects" can't scam people out of their hard-earned fiat. On an additional note, some replies also mentioned use IEOs. However some of the same countries are also going to ban or have already banned them.

You may want to research tokens or STOs (secure token offerings) that are tied to legitimate startup projects. Those may be of more interest to you. I also thought that all virtual coins and their projects were a scam until recently. Then I started researching STOs with real-world business applications and attending a few AMA sessions headlined by these startups. Those really informed me that some projects are really trying to solve challenges in business, medicine, the arts, etc.

Its harder these days to point out which is purely scam and which team is at least trying to survive. In olden days there were gimmicks to get registered allot of users and show the world that you have a community and the project is famous, even that wont work now.

This is another main issue or we may call hurdle in order to be genuine crypto promoter. Most of the common people think like this and make our life hard.

Yes it is true that not all cryptos are scams, maybe only new coins are possible to become scams, if seen lately there are indeed many new projects becoming scams but it does not rule out the possibility of good projects and can develop, maybe now investors are starting hesitate to invest in a new project because of a scam and may need something that can encourage investors to return to invest.

I think that is not so. There are many good projects going on, but you missed it. Everything has two sides. I have been in Crypto for 10 years and this is my life

wow, you are very experienced I guess but is that true with your rank as a "member" you have known crypto for 10 years? that means that the age is the same as the age of this forum that just celebrated its 10th anniversary.

it's true that not all crypto scams, because we can see there are so many platforms that were born and have been able to survive for several years on the market. I guess those who develop will still be able to survive.

I think you're very wrong about that. Yes, there is fraud in the crypto currency and without it today there is no industry. There are risks everywhere. It does not happen that a person easily becomes a millionaire. ICO is an occasion to explore the cryptocurrency industry but it is not a means for easy money making. After the ICO, people begin to learn programming or run their bounty companies as a Manager, thereby improving the quality of the community. Try not to be upset and learn more about this area of activity. Projects today are not in demand because of the huge competition in the market. All cryptocurrency can not be scam as many countries have agreed that the cryptocurrency industry is the key to the future and it is gradually developing.

Here is something which supports my opinion.
The number of dying Cryptos is increasing:

https://www.newsbtc.com/2019/12/02/altcoin-apocalypse-the-number-of-dying-crypto-currencies-is-rising/

Most of project do that. Always delay delay and delay. So the ending is their token is dump and fail project.
I don't like project like that which always give delay in distribution, listed in anonymous exchange, and locked their token for airdropers.

Scams are everywhere online and cryptocurrency is no different. It is true that scammer use imposter websites, fake mobile apps, scamming mail to promote their project but there is still a lot of projects that have real value and demand in the market. Maybe a lot of projects are scam nowadays but not all of them.

I don't think so, there are many crypto projects already integrated in different industries and their amount is still growing. Crypto has a great future and I don't think it can die.

Really this I think is the right idea. But all can be nice if the user is nice. Cryptocurrency is a double-edged sword if it can be used

Well, it’s not only crypto but such risks lie in everything that we use to invest our money as you said it’s a sword but it has so many reliabilities for us as well. I think scamming is not a huge issue with little care it can be solved. We just simply get verified projects and before investing should know about the history of that project and don’t invest in every new project.

well its really depends where you're looking
there are many projects with huge scientific and technological value
there are projects with real adoption and organizations use them
there are real annoucement and real roadmaps

you just need to make research and filter the garbage
in real life there are always 95% failing projects in start-up world
not only in crypto

Yes That's true,Roadmap is shit But not for all crypto projects Roadmap is needed because Roadmap like a Daily Routine for disciplinary actions at work,our society is not clean some are fake and scam always Stay with us,    

If this continues, then it means that lesser people will be interested in investing in crypto, but sometimes, reverse is the case. Some still believe that, despite all odds, they will still make their money. It's just that, the honest truth is, investors are reducing. Particular those who invest in new projects.

I think you've got the trick. This makes you trauma to cryptocurrencies. I wasn't surprised by it. Because basically humans will also experience the same thing, that is if ever deceived. But I advise you to start a new thing again with the opening of a new sheet I think you will be able to raise Hu yourself well and can continue digging into more experience.

I like the way you rant but I don't really agree that all Crypto are scam. I understand how you feel and it is quite a long time since the last time we have experienced a successful ICOs and IEOs. But still, if all crypto is a scam then why there are still investors who put their trust on different projects. It is just that some legit projects really are not that many and because of an overwhelming number of scam projects then legit ones got outnumbered.

I think that every sensible cryptocurrency user understands that the full use of cryptocurrency around the world will work only after the cryptocurrency is legalized, but also after tight control of the entire cryptocurrency market.  Based on this, the only thing I have no doubt about is the reduction of fraud in the cryptocurrency market thanks to the government control.

I would not say that all crypto projects are a hoax. There are many very promising projects such as ripple or ethereum.

 you are right in your opinion , but i will say not all crypto is scam . there are some that actually come up with good intensions but perhaps team mis management and disagreement  wont allow it succeed and it looks as if it was scam after all.  But there are still a few genuine projects. 

Not all crypto scams, there are some that are legit and successful even though only very few. Maybe you say all crypto scams, because of your experience in participating in all scam projects, and indeed there are many projects that have failed and many of them are scams. It's better to wait for the beginning of next year, hopefully crypto can be back victorious like 2 years ago

most new people who invest in new projects certainly make a bad experience with the many projects that fail and scam. but for people who have been in the crypto market for a long time, of course, understand and know how to choose assets and projects that are truly profitable in the current conditions.

 
You are right. But not only bitcoin; also there are so many real altcoins in the crypto world.

Well, as you explained above, this is very true and that is a fact about any project in this cryptoqurrency space. all types of projects, crypto or whatever are not guaranteed. and it is important that someone is more thorough before taking part in this cryptoqurrency space. this is a free world, full of positive and negative surprises.

even those people who have been on the market for a long time now also do not know which projects will be successful and which will not. they just learned not to invest in an obvious scam, but then it becomes more difficult to find a good project

It was old-time I think when people were having chances to make other people fool but now this is not old age people have so many resources to know about the reality of crypto project using internet and we should not be blind while taking decisions just be with few but with real projects so that we will be able to make trustworthy profit from crypto project alike investing in bitcoin etc.

Crypto for now maybe covered by new project. I mean hype of ICO and other kind of  that sales trend really make people know if crypto is kind of  investment. And then it will turn to scam or success. But in past when ICO not really hyped, people trade and there are not much project scam or success project, coin is a coin that we can trade and the risk/profit is on our hands how we manage our assets in market.

New projects may be influential, but in my opinion crypto price movements in the market are dominated by old coins or new coins from the IEO from large exchangers. People's bad perception of crypto is indeed because of the many new projects that are scams but in my opinion it should not justify all crypto is a scam because only new projects and also not all ICOs are scams.

Yeah, who are those programmers of all of this! It is curious but the reason why there are a lot of hunters is that they want to earn bitcoin or altcoin. But I can say that not all here are a scam, of course, there are still good.i experience joining some bounties and airdrops and I can say that some of them are legit.

You want get much reward for your self by saying for the other about campaign are scam and not recommendation for joining, not good ideas by giving wrong information because reward from bounty campaign distributed depend with how greatest your writing in content campaign and how higher your bitcointalk account level by joining signature campaign, I always give information about new campaign for my friend and other people ask me which on recommendation campaign

The number of new projects that become scams I think makes investors hesitate to invest and then make other projects fail because of not achieving softcap which then makes many people that all projects are scams, I think this is normal. Because many scam projects then make people think that way, and for now I don't want to invest in a new project, it's better to invest in the top coins first.

i totally don't understand with this statement, how you can say all crypto. you think how enjin can partnership with Samsung and Microsoft? and XLM with imb? and currently ULTRA with AMD.
there is many project i can't say one by one

crypto will continue to grow to complement the technological requirements, many projects are working with large industries. and I'm sure that crypto will continue to grow slowly, and certainly it takes time to achieve it. so far to say crypto is a scam is the view of few people

That is correct, crypto will continue to expand no matter what, for those people who keep saying that crypt is scam means they are not really aware what they are doing, they just know that they can earn, but they know which kind of project they are putting their money at and they are just after the profit that they can have and not after the change that will happen in the future.

Well since there is no quick money grab opportunity like that of 2017 many people like @op will reason this way, couple with the constant decline in price for quite sometime, but many people have to know that crypto still have a long way to go in the process of development and adoption, in the midst of of many fake project there are still some few good ones that are ready to provide certain service.

it's better to focus on what we know and also look for profit because in times like this the market still continues to provide benefits even though not much too. than we continue to think badly of crypto, because at this time the recognition of crypto is quite large so if there is an assumption that crypto is a fraud there might be a certain purpose

Just because there are cryptocurrency projects that turned out to be a scam then it is a valid situation to call cryptocurrency a fraud. Cryptocurrency is already popular in most of the developed countries and almost all of the big industries are now in a transition to implement blockchain to their system.

I think new project like ico gone to death because more smart investors leave already for fake project Roadmap, whitepaper, and false developing promising. Basically at the time if one project want good successful their token sale then need IEO program with a popular exchange properly.

So crypto market not scam yet but absolutely new project and old unless project gone to scam. My mind already change because i get loss money for using invest in ICO so i won't invest a new project with analysis.

If crypto idea is bad in the first place no single scammer will invade, 2017 crypto success wakes scammers up but now it's all in investors hand to avoid scammers with research, why still invest in ICO when they are not making sense anymore? We have IEO and it's performing very well so far

Why are you believing to their plan? Did you consider if the project is legit or not before you putted your money? Of course all of the projects want to earn money and they keep putting attracting advertisements. Not all of crypto projects are scam, there are legit ones but the numbers are few. If you have information about what you are doing then you can easily protect yourself in scammers.

It's quite funny that we know the truth about cryptocurrency and blockchain industry but still join in the charade. The sole reason is because we have an opportunity to share in the ponzi and gambling that it brings. We are busy reading whitepaper when we know deep down in our minds that nothing of such would be adopted. Its such a shame that we know this truth but still choose to be stock here.

Indeed the decision whether you will get scammed or not in investing money in some projects depends on you, depends if you have researched enough about a certain projects to consider it as a legitimate project that can really be a good place to put your money in. Finding a good project requires time and effort that can be woth it once you find a really good project.

There are still some rare projects that are legitimate but not popular and the person who are handling the project was not quiet famous so the number of people who are participating and supporting to the project are few. If we really wants to find a good and legitimate project in which we can invest our money, then probably we must really do a proper research about the background of the project to avoid scamming projects and those projects that have the intention to cheat on us. You can also find those good projects by asking fellow crypto enthusiast.

It is called rare because these projects are hard to find. I do not invest anymore in ICOs and IEOs after I lose 50% of my capital. I regretted that moment but for me it is ok because I learned many things from it. We should really allocate many hours in studying and researching in an investment if we want to identify it as a legit project or a scam project. These rare projects can find out if we have a lot of knowledge that we can get through studying.

I do really understand your point, not all but theres a lot who use crypto currency just to make money, as an investor we really need to be more carefully to where our money will be invested to. there are real projects created for advancement and development, dont look only on the project, consider other factor like partnership to top exchanger which is very strict about listing like binance.

Honestly, thats the fact for most projects especially ICOs. But that fact that these projects are having all these process and all, cryptocurrency and blockchain I think are still in the stage where we are testing them out. Trying out new things, the adoption that we really wanted can really be done for now because of uncertainty that these projects have. Risks is what they obviously are offering. That is why we always do research on them. First thing we saw a project that we think is great, do some research already. Simple.

roadmap have quite a deep meaning for each project. but the roadmap has meaning for us to be able to judge this project as a scam or not. some projects often betray the roadmap and do not go according to plan. this year all new projects have a planned road map meaning that all is not well implemented. they just want money and leave the project.

Most of the projects that keep on delaying or issue new roadmaps and promises are just not worth it for me i consider this as red flag now because i have already seen many projects end up as dead or scam where the hodlers loose all their investment just due to positivity and thinking that the people behind the project will deliver sooner or later.

Frauds are increasing every day in Altcoin projects. The whole project may not be fake. But there are some tricks. In the past, there were tokens created in the Ethereum network. ICO would explain how much money they were raising. However, this transparency is disappearing with each passing day.

it has been proven that many projects that grow only for a momentary profit, there is no main intention to develop the project, as you say they make projects only want profit for themselves and leave the project after they reap the benefits. so that many investors refrain from many new projects that grow and result in no interest, making many scam projects born.
hope that in the new year there will be changes for many projects that are born well.

Maybe there are some scam altcoins, because developers don't take care of their coins anymore. But of course not all altcoin scams such as Ethereum. Obviously ethereum has supporting technology such as the smart contract and blockchain itself.

Not all cryptocurrency projects are scams, but a lot of ICOs are not legitimate ventures and are designed purely for cashing in on the boom that occurred some two years ago now, however, there are lots of legitimate crypts that have a good ranking as well as decent technology offerings and real world use cases and these are the ones that are worth while focusing on

There's no problem if you're being careful but saying that all ICOs are a scam then you shouldn't be in crypto at all in my opinion. I don't blame anyone who looks at ICOs as scam as I myself think about bad things when it comes to startups too  ;D It's really bad that most projects now turn to scam after they have the money from investors so it's on our own if we think that certain ICO has good future and invest on.

That's the reality of so many projects now, some projects that started in 2017 are nowhere to be found now, and if they are still around, they are almost a shit and dead coins and there are no more updates coming from the developers, I even see a thread that some guy are offering to take over a dead projects.

Yeah, I think so, sometimes it is tired of thinking about crypto projects that have sprung up like manipulations to raise funds. we never know that even their supporters and teams are real or fake. to convince investors they are actually releasing products, but actually the products that are released by the crypto project almost have similarity with each other, so the product is just like a formality

Ethereum is altcoin which until now can still be used as a reference for all new projects and the growth of new altcoin.
it is true that you say that not all new altcoins grow into scams, but for two years now every new growth of altcoin is always haunted by developers not wanting to take care of it but only looking for profit for a moment.
so that many investors are clearly afraid and reluctant to want to invest in new altcoin, thus increasing the length of altcoin which is no longer valuable.

The best advice is to always watch your step in crypto space, try to avoid scam always, since coins and tokens are still profitable then not all of them are scam

Can you please guys share what coins do you think are NOT scam (excluding the top 5 in CMC)?

Truly successful projects will not advertise themselves to the whole world. They will quietly and quietly gather investors and will develop. Perhaps then they will be released, but the price of coins will be very high, since they will already have a lot of support. And everyone else with their ICO is just those who decided to make money quickly and disappear.

Indeed there are a lot of scam on crypto as you said, but the title is not correct, not all crypto are scams, but maybe in future we can somehow stop this scams and on that time the crypto will grow as it should already do.

Not at all are scams, as there are crypto projects that are really bringing crypto real use case with their project, but due to the fact that there's a lot of scammers out there, it is very difficult now to trust the project, although they seems legit, the owner is active and we can see development as we can also see that still it is not enough reason.

Not all projects are scam, so are good while some are not so not because people got scammed from such projects that should make everything scam, I believe we need regulation to ensure fake projects are taking off the market while the real ones should stand and I also do think we empower those with potentials but incapacitated to list on exchanges.

Not all projects are scam, so are good while some are not so not because people got scammed from such projects that should make everything scam, I believe we need regulation to ensure fake projects are taking off the market while the real ones should stand and I also do think we empower those with potentials but incapacitated to list on exchanges.

You just haven't found a project that is truly legit. A legitimate project will be truly responsible for what has been planned, build the community and the product well so that it can maintain investor confidence. The roadmap will be the main key in development, even if there is a strategy or target that has not been reached, it will be notified publicly, unlike a project that is a scam or not running the project fully, it will only give false promises.

Hahaha. I agree with these thoughts. The vast majority of altocins use the same words and methods. and most of them do almost nothing. all they can do is sell the imagination. but even they are not very successful anymore.

There are many projects that have scammers behind them and just pay programmers to create websites, roadmaps and whitepapers that barely anyone bothers to read and also no real token or coin with real use cases. This is the problem. You also have the wrong types of investors who have a very bad mindset. They all come online and into crypto wanting fast money for doing nothing, then when a project fails they just sit and whine all day and blame this, that and the other.So it works both ways, you have scammers scamming the lazy and unsuspecting people, who do not do their research properly or get carried away by FUD and FOMO. We all need to change our mindset to improve our results in this game.

not all roadmaps are nonsense because many projects have successfully implemented various programs that fit the roadmap.. so don't claim all projects just because you have been disappointed by a few projects. Although many projects that run their programs are not timely according to the roadmap, they have successfully carried out various programs that they had planned before.

And let me quess: they implemented roadmap items like: paper wallet, desktop wallet, website design refresh, chat bot, wallet updates, etc. And they stop any "development" once the price drops and just keep promising, extending periods, postponing, etc.

well agree with you for what long to build a system if it can be done in a few months do not need to take a lot of time maybe that's their way to make the project survive because if the project is finished it will not be of interest to people

Actually not all cryptocurrencies are scam because there are still trusted and reliable cryptocurrencies that have already existed long time ago such as Bitcoin, Ethereum and many more. Indeed there are really lots of existing scam coins from scam projects in the market but not all so we must no put into conclusion and generalization that all cryptocurrencies are scam because they are not. Maybe many of us have been victimized by scams related to cryptocurrency but that does not mean that the other existing cryptocurrencies are already scam. But still it is the OP's point of view and we all do have different preferences regarding the matter.

Who cares? I'm here to make profits, these so called scam projects like you claimed have changed my people's life for the better, i am willing to take the risks, get what I can and move on, the fact I would like you to know is the biggest scam in this world is 'MONEY'

I don't think it changed anything yet. If it could change then governments would kill it in infancy. The rest from what you wrote is nothing but wise words.

There are numerous activities that have tricksters behind them and simply pay developers to make sites, guides and whitepapers that scarcely anybody tries to peruse and furthermore no genuine token or coin with genuine use cases. This is the issue. You likewise have an inappropriate kinds of speculators who have an extremely terrible outlook. They all come on the web and into crypto needing quick cash for sitting idle, at that point when an undertaking bombs they simply sit and whimper the entire day and accuse this, that and the other.So it works the two different ways, you have con artists defrauding the lethargic and clueless individuals, who don't do their examination appropriately or become overzealous. We as a whole need to change our mentality to improve our outcomes right now.

To be honest with you, i saw your post and i was moved, why ?
Over the years with my experience in crypto currency, i have known about Hubrisone wallet app, monarch wallet app, and even tokoin wallet. all erc-20 apps
But i don't use them for unknown reasons,

i just created account on it as requested by bounty laws, and move the keys to trust wallet, because i find it more trust worthy.
Why do you reckon this thoughts, because i am sure alot of people have done likewise.