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I will take number 1 and number 3 as the main reasons. Greed always puts people in danger. Even in crypto, many people lose their money due to greed. Everyone has a common goal is to get rich quick. And to get rich quick, people invest without checking anything. The results are come out very bad. It is very risky to trust something easily. This is not just the case with the crypto market, everyone should know about it well before believing anything.
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With Whitepaper alone, I don’t know how accurate it would be to call a project good. Because the whole project should be seen, they have the ability to do some kind of development in the future or not. Now relying on Whitepaper, no one invests in any project. Everyone tries to verify the whole project and the team of the project.
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Now there are many projects whose ideas are not so new. But they create extra hype, big exchanges give them that opportunity. Behind this there is a gang involved with the big exchanges. Because these projects are managed by some of the biggest crypto market people and exchanges.
The main purpose of these projects is to take money from retail investors and dump their shitcoin. These coins are not designed to be in the long-term market. So they regularly dump their hold coins.
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I would recommend you to watch on WorldCoinIndex and see there the top 20 altcoins, because they have demand in the market and these coins also circulating in market and therefore they have been ranked.
It is not always effective. The main reason for this is that there is no guarantee that all the top coins will do something big. The coin that is on top now, maybe another coin will take that position in the future. And the coin that was on top was lost from the market! There are many such examples. That many top coins have gone out of the market. So now you need to do good research to find out the best coins. Because that project will be the best that is doing grew development. |
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In 2017 I purchased a coin. When the bull market of altcoin came, the total value of that coin was $20k +. I hold the coins at that time because I want to get rich quick. And it was one of the worst decisions of my life. That coin kept being dumped in the market and I was finally forced to sell it for $1000. I have learned from this how important it is to set targets in advance and how important it is to control one's greed. Because of my greed I have suffered a great loss. Don't love any coin, because if you love any coin more, there is a possibility of big loss.
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Hello everybody. Do you know active Telegram groups where they have conversations about altcoins, especially ICO investments for new projects? It can be in any language.
Stay away from such groups. Because such groups are run by some people whose main purpose is to scam people. They will advertise, they will get money, they can promote any scam project for money. So learn to do research by yourself without looking for such groups. Because doing your own research will increase your knowledge about crypto. I have seen many people lose their funds by joining such groups. |
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I can't wait to be a part of a crypto space where each project is unique on its own. There is nothing so special about 'use case' if it's not unique. It's becoming boring having too many projects trying to solve the same problem with almost the same approach. You don't need to struggle to attract the attention of the community if you really have something unique to offer. Mind you, uniqueness naturally attracts adoption. A piece of advice to developer, be unique.
When lots of useless coins have already arrived in the market. Then crypto community takes time to believe in a good project. Because of the scam project, everyone now pays a little more attention to the new project. The amount of scam projects has increased so much that people are no longer interested in investing. There are many unique idea projects in the market which are also doing good development but they are not getting good support from the community. |
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They sends such phishing links to my email almost every day. I am wary of such scams, so I do not fall into their trap. Their main target is newbies.The link sent by them, should not be clicked. Because they are always ready to trap you.  |
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Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.
Tether seems like a complete scam to me. If you watch Tether's current activities, you will understand how they are printing USDT as they wish, entering the market and manipulating the market. Seeing Tether's activities, almost all the exchanges (including Binance) are getting interested in creating their own stablecoin. This system makes them to take their volume to their own stablcoin. The main reason is that they want to use this scam to earn as much as they want. Because there is no transparency here. There is no one to catch them, no one can stop their this scam show. |
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For Newbie How check Which bounty program is good or which one is Scammed and i have heard that many good ICO still not launching there coins
Although, it is difficult to get good ico now. Don't just search for scams icos. A lot of times even good icos go away with investors mone . So you have to do a lot of research to find out the good ico. Whether an ico will actually be successful depends on the idea, then comes the team member. Without a good team the project will not be successful in any way. From my own experience I have seen a well-known team play an important role in the success of ico. |
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I think if they don't have enough fund, then they shoundt launch any project. Cause we can see, many projects launched their IEOs on low quality exchanges, Afterward they get scam. That's make no sense. So never invest any IEOs without top exchange
Not just lack of funds. There are bigger reasons behind this. The big exchanges check a lot before listing an IEO, so there is nothing to hide from the project and can not think of scam. So they don't list ieo in big exchanges but list their ieo on small exchanges in order to make people fool. |
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It's hard to believe in ratings. I don't know on what basis they gave this rating and what is the medium of their research. Everyone has a different system for research. It is possible that these ratings have been manipulated. Because we have seen how has given ico's fake ratings and reviews. There were some firms and some websites that gave paid ratings. So I couldn’t fully trust this rating here. There may be a paid game behind this.
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I do not believe in altcoins just like I believed in 2017 after a huge crash now I am more realistic about the future development, but there are some altcoins that bing new use possibilities to the blockchain technology, so why not to diversify your portfolio with some promising altcoins?  Yes. Those who bought altcoin in late 2017 made the biggest mistake of their lives. But this does not mean that it is wrong to buy altcoin. You look for altcoins that have potential for the future. Because without an active team and development, a project cannot go far. One should not wait to see the price change in the short market but wait to see something big. But you must find good coins. |
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Xby will get listed on probit this week, hope this can help with the volume problem, also the documentary is comming (80 million homes)
Probit exchange is not a big exchange. It would not be right to expect a large volume here. When the volume of a coin is very low, you should refrain from buying that coin. The real problem starts when the purchased coins cannot be sold. There are already many complaints about probit, so be careful when using this exchange. Because if you suffer from any kind of problem, you may lose your funds. |
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That's what I said. binance still showing the correct data in coinmarketcap. But we do not know how long this will be. I mean there is no guarantee that binance will be on top all the time. Because I wonder what will happen if the real competitor of binance comes one day. Then binance/coinmarketcap must manipulate the data and try to keep themselves on top. However, it has not come yet, if any competitor comes then maybe you have to see these. If you look at the short history of the market we see many exchanges that reaches the top position will change quite often and binance is also a new kid on the block and it is hard to maintain the top position as there is always a new competitor with good design and support and now binance is trying to invest in diverse business in the cryptocurrency space, we will know whether these investments are for the good or bad in the next 5 years. True. Exchange business is not an easy business. Many exchanges have come and gone but they have not been able to hold their top positions. The way binance is investing will enable Binance to continue their business. But investing heavily does not mean that they will stay on top forever. Of course competitors can come, who knows! |
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In my opinion, most investors choose to take part in the IEO and that too is done in large markets. Because they feel safer when they are about to spend money. As for if there are alternatives other than IEO in large markets, I think using the trusted Escrow service can be a solution.
This is also a huge business. If IEO is listed in any big exchange, it creates a positive aspect in everyone. This is because they know that if they fail for any reason, their funds will be refunded. But the problem starts after the listing, the pump and dump game continues as the team pays more attention to the pump dump than to the development. So if team don't do development, the exchange can't have much impact after ieo. |
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In the case of short-term investments, you should first analyze the market to see which coins are uptrend. No one will ask you to buy certain coins. Because no one wants to you blame them for your losses. So everyone is giving their own opinion.
In the case of long-term investment, look at how the project is developing. Because the more active the team of coins, the better the future of those coins.
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I'm just sad that my good friend didn't listen to my advice in staying away from OpenAlexa.io. When she opened this up to me and I deep checked, I concluded that it's nothing more than a ponzi scheme due to the "guaranteed" and "matrix" system. At first, she was okay with my advice and may ignore it.
But weeks later, she already told me about her decision in joining and investing in OpenAlexa.io. I just don't know what made her decide to join them instead of listening to my advice.
It's sad that most people are still not obsessed by offering them potential figures of dollars that made them instantly join and invest without even taking time in doing their homework and research about these ponzi scams. "Shiny figure syndrome" is tough to be "cured".
It's really sad that people don't do their little research. And while some scammers take advantage of this opportunity, I've seen many people invest in this way. They don't do research on their own, they misunderstand if someone wants to help them. The most important thing to do before doing anything is to do your own research. |
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Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??
Binance is currently the largest exchange, so now binance is at the top of coinmarketcap's list. I think that's right. Since binance has bought coinmarketcap , now there will be some doubts among the people about the ranking of binance. However, Binance still holds their top position because Binance knows what traders want and which product will increase their revenue. i think binance will not manipulate coinmarketcap rank, especially for binance itself. it will influence to their reputation in cryptocurrency market. binance' team since beginning do their projects well, without any trick or fake action to attract investors. and i am sure investors and trader never thinking about it, they will think it just good action from binance to developt their project. That's what I said. binance still showing the correct data in coinmarketcap. But we do not know how long this will be. I mean there is no guarantee that binance will be on top all the time. Because I wonder what will happen if the real competitor of binance comes one day. Then binance/coinmarketcap must manipulate the data and try to keep themselves on top. However, it has not come yet, if any competitor comes then maybe you have to see these. |
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