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We have moved from ICO to IEO and the scams keeps getting worst. most projects that got listed on top exchanges due to IEO failed to produce any increase in price. A new scheme for fund raising is around the corner. as longer as cryptocurrency is a decentralized platform, we know it is a gamble where you invest what you can loose. if it works, you are lucky if it fails, forget it.
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see, the world is full of innovation and invention. New projects will always outsmart the old ones. bitconnect was a known ponzi business that faded out but still, ponzi never died. there are still coin in the market that are still running the ponzi scheme. i know of a token called connect that claim that they will mine cryptocurency with the satellite. people supported them but unfortnately, they disappear when it was clear the mission was not possible.
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i have never supported KYC activities on bounties but with the recent increase in scam activities with KYC data, i have resolved never to partake in any project that requested for Kyc. i don;t see the need to ask for KYC since there is a request in the bitcointalk for people to provide proof of identification while participating. i think it is time hunters learn to turn down any project that request for KYC AND GENERALLY TERM IT SCAM.
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This remain me of the bcnex project that promises to run a bounty of over 2million usd. they paid the first people that withdraw on the platform and the rest suffered. they request for KYC for payment which sent some people away from the project. most people did the KYC but the payment was not enough. i don;t think one should run KYC for a giveaway that is worth nothing.
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what happened to his previous projects ? has he finally abandoned dogecoin and his wallet projects spectracoin. macfee has been known for his precarious ways of promoting some tokens and abandoning when the going is tough. they were among the famous people to design the pump and dump secheme in this cryptocurency. he better focus on his previous projects.
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#Proof Authentication
Username in Bitcoitnalk:Banadony
ERC20 wallet address: 0xC981d85Be589d4d7c6a9b5271bE86fa9e959B138
Telegram nickname: Eddymilly
Campaign in which you participate: Facebook, twitter and article
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if everyone decided to put out list of projects that ended up as scams, i doubt if this page will contain us. this goes to say that bticointalk is a decentralized platform that allows everyone to publicized his project but scammers use that opportunity to stress hunters, scam potential investors and product fake tokens that has no value in the market. it shows that world is a scandalous place to be.
Be careful out there everyone.
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An insightful advice for whoever wants to trade in any lower tier exchange. Most exchanges are scam and never meant business. they are after peoples funds. i personally choose to sell shit tokens in such exchanges like P2PB2B, VINTAGE because i noticed that most tokens that has little or No value are listed on these exchanges.
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we are in the same shoe bro. i send a stable coin token to a Non custodian wallet in an online wallet. although the token is an ERC wallet, the company that owners the wallet says they are not in control of the Ethereum wallet in the platform. i just lost over 80,000 worth of token in my local currency. i don't think i can forget this and it is painful thing to remember.
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A lot of comments on this post claiming hunters are to be blame for token dumps. you can accuse hunter all you care but remember that hunters only earn 2 to 3% of tokens in the project. meanwhile, investors are pay for over 30 to 50% of the token during sales. most times the tokens are first distributed to investors who went along to sell at their own choice. this happens before bounty rewards are been distributed.
My opinion; a good project will always produced a positive turnover in the market irrespective of investors and bounty tokens. so many tokens in the markets did bounty, distribute on time and are still doing perfectly well in the market. velocity, quanta, elrond, etc.
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Bitcoin cash as we know is the altcoin version of bitcoin but runs on its own blockchain. it is one of the leading cryptocurrency in the coinmarketcap with over 3billion market cap. investment is a thing of choice and you are reliable for whatever you choose to invest on. bitcoin remains a superior option to bitcoin cash but they are good and quality project to invest in.
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the market favours no one. traders that think they are professional sometimes makes mistake. the technical analysis some times fails them and you will never hear of such incidence. the most vocal ones are only active when they signals produce a positive sign. every trader should form the habit of trusting in himself and strive to remove the FOMO habit that we all shared.
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tron project has been a project has a CEO well known for his manipulative ways. he launched the first IEO onn binance and get away with it. his project has no definite direction and any services to offer. it was obvious when he choose to support an X-rated site just for fame. his current mode of operation is to buy current active projects to build strong business. i don't think tron is a log term project.
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Bitcointalk profile url:https://bitcointalk.org/index.php?action=profile;u=2740358
Medium profile url =https://medium.com/@willymike2k2
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