Accused is posting in the Russian sections and I hope some of the DT users there will be able to recognize it as a ponzi scheme and support the flag.

The website design is pretty good which will be enough to fool a enthusiastic newbie who has entered the market. Also their method of trying to make the system look legitimate by showing the Spreadsheet in which your ID is put in a cell is also a nice bamboozling trick.

Pretty sure if you keep track of this user in telegram, their ID will change soon or end up in a "Deleted Account".

Flag supported from my end.

The posts above have clearly said that it is not trustworthy and the reason is because users of this forum have seen more than a thousand versions of the same ponzi scheme websites out there and this one is no exception.

However, in case you are looking for "crypto signals" and so on, let me break your bubble, there is no such thing as a legitimate signal group or so. All of them are pump and dump groups where to owners make money from membership fees and pump their own shitcoins so they can sell and make a profit while their "followers" end up with a shitcoin in their bag which is probably never going up again.

Any random user can make up a site or telegram channel like that. Does not need an ounce of technical analysis.

This connection could be a result of chance. If there was really a "connection" then we would see evidence for that connection not just once but several times before this event as well.

Now although I am always for buying bitcoin at low prices, I also advice people to buy in on sectors that are different from crypto - so that you have something to rely on in case bitcoin drops by some thousand dollars and this can reduce the impact on your mind that you are going rekt.

I would agree that institutions seem to be buying everything, maybe as a result of the Musk craze but who know when they will start selling and you might not be able to any connection.

"Everything is connected" - Nope, that statement is for conspiracy theorists. Not sane people.

It is an MLM - a type of ponzi scheme disguised to look legitimate but is a scam. The method by which this scheme runs is that new investors putting in money - that money goes to pay older investors. The ponzi will survive as long as the new investors coming in are paying but not everyone will - so it is bound to fail one fine day.

Probably they are a group of people whose sole reason of living is scamming other people. It is difficult to get this data without help from cybercrime department because the actual scammers would have likely removed all traces of their identities on the internet.

If you want to learn about hashpower and it works I suggest you read the wiki on bitcoin mining. In this case though there is no mining happening in real.

Tough to get these data.

The only thing you need to know is that they are a scam and the link you provided has given hints towards that. There are numerous scams in this sector happening like this and it is nothing new to older members of this forum. Maybe new to you, so you should know this from now on and be careful in future.

I wonder how much these scammers paid for this domain name. As per estibot it is less than 100$.

Team is obscure at the least. Nothing on their twitter pages about such a ICO. Zach's twitter is locked away as well. Whitepapers seems rushed about some "secure wallet" or so, would not be surprised to see it copy pasted from somewhere else. Roadmap is a generic one. Many of the social media links are also non-functional.

Would not be surprised if this is just another scam because we have seen how scammers operate. They jump on any hype and use it to market a scam.

This is not doubt another of the recycled websites made only to scam users. Like 450% in 3days or 150% in one day - who in the universe can make such profits will be able to bankrupt the entire economy. Such extraordinary claims need evidence and that is defenitely not being shown here.

I hope any newbie reading this thread will use some logic still remaining in their cranium that such websites are scams and whatever BS they feed you, it is a scam and will always end up being a loss for the common person and a profit for the scammers.

Flag supported from my end.

This is a well quoted misconception that gamblers often believe but it is false. The casino does not "remember" your rolls by your client seed or anything. Each roll is independent from another and that is why it is very much possible to hit two 99.99x multipliers right one after another and maybe even another one if you are luck enough.

The key word here is luck and that you cannot predict.

This also leads to the obsessive changing of seeds every few rolls or so - this is a useless exercise that some users do but it has not effect on rolls and neither does it improve the odds. Randomizing a thing that is already random is a waste of time.

Glad to hear that you learnt your lesson with that event. You know the bad thing is that many bounty hunters never learnt and they keep on doing the same mistakes over and over again. They still think that bounties are going to profitable which is possible but a remote and late dream.

ICOs have been shady as anything. They are not legal securities and not considerable anything to a equity share. They are speculative assets and a worse asset class than what bitcoin has been.

Not just bounty hunters but many bounty managers' reputation also have been ruined by scam bounties and red-pilled hunters who act like kids.

I remember some more projects that have imitated this words bitcoin/black/core to make up a new altcoin in between the first bitcoin forking event back in 2016-17 and they managed to scam a lot of bamboozled noobs.

What surprised me here is that this user @asus2021e-  has left a positive trust rating. It is a newbie account which never posted again but that is adding to the number of "fake reviews" here.

Plant a flag on this one too, I will surely support it as long as no other reputed member has anything to say for it.

User wakes up after a long time and posts an ANN that has copied content. Very likely this account was bought or sold to some scammers group who predate on older accounts and use them to run their scams as a throwaway.

The signs shown here are valid enough for the project to be a scam. OP, start the flag on the account and we can support it, without that mark of shame there will be more users getting scammed. At least the flag will put off some intelligent newbies.

Post the flag here once done, I will surely support it as long as no other valid counter argument is made.

The tokenising craze destroyed the altcoin market and you still want more of it?

Tokens are not equity shares and that is where the biggest problem lies. Those who lack the knowledge of basic stock market trading and entered the crypto market with ICO craze got stuck in this never-ending cycle. The token owners may sell away their lots and delist the tokens from exchanges while investors will have nothing to sell on. That is why many developers leave the projects after a few months and development comes to a standstill with the lack of funding for the project to continue.

That is why new projects that started never became anything big.

The biggest insurance that can be done in this sector is your own wallet safety and online safety.

Are you their agent?

See in this sector, we have a trust issue that is prominent. You cannot sleep soundly keeping the bitcoin that you own in another person's wallet because you know that someone might spend it and you will have no legal protection or that wallet may get targeted by hackers and coins stolen.

These things are possible in fiat? I am not so sure though. But possible in bitcoin.

That is why we have not seen any such "Insurance" company here and even if there is one, I am rather going to store my coins with myself.

You cant argue with a no-coiner or one who does not believe in what the good and bad of crypto can do for the current economy.

From my personal experience, there have been people who are completely disinterested in it, since cryptocurrency is not useful to be spent or used on any merchant's site in their country. This may change with time. The question is not of ponzi as I have seen, but lack of a liquid market to buy sell.

In face in my country there are younger generation people willing to trade after giving KYC if the government allows it.

Again there are older age people who have a generalized mistrust among new things coming into their view. Cant blame them because most lead a lonely life out there and have to keep their own money carefully and are not tech-savvy.

Often if you are trying to explain about bitcoin to people, you cant change their way of thinking unless there is a real time move from their government like "crypto-trading is now legal" or similar.

These are bot accounts created with the sole purpose of drawing newbies to waste their money. You will see a randomly made username which looks like a proper noun and a profile pic but it will be a completely new account there.

Not just YT, but also many forums, social media comments are plagued with them. The moderators of this forum also have a daily routine of cleaning up shit like this on this forum too.

Flag those comments as Inappropriate, nothing else can be done from your side.

That is a FOMO condition mate. In the FOMO people remain confused as to what the next move on the market will be and how the people who created the FOMO is going to profit from it.
It can fall too and checking the current market metrics, price of bitcoin has falled back to <45k $/BTC and this drop is continuing further. Is Musk saying anything about it? No. Because he made the profit when he needed to and now no longer has any other motive. Ask me, I dont trust any celeb promoting anything because they are paid for it, here he is profiting from the people entering the market.

Maybe they do care about the "tech" and all that narrative, but humans in this world know about profit and how to make it.

We saw a bull rise in the 2017 ICO craze. Only the magnitude is different. What was fine was that Paypal allowing bitcoin transactions - that made some headlines and drove the price up but then this Tesla guy has to jump in the FOMO and make it crazy.

Bounty hunting is not "work" - it is a method of rewarding people who make efforts to promote a project's funding by the owners of that project. It draws in influence and therefore "was" a method to market the ICOs.

Sadly, it has gone down from there to a group of cheaters who have cheated projects and projects which have been failures or scams.

The bounty hunter does not have any legal route of claiming the project tokens if the project is a failure or a scam. It is a messed up situation and often there are different levels of conflict. Maybe the team had an internal takeover, maybe the manager and the team got into wrong grounds.

You might be able to claim them after contacting the owners. But honestly, getting a bunch of dust tokens - is it worth your time? The cumulative token sell value might not be even worth any bitcoins.

Forum ranks will advance after you have received enough merits and activity. Writing articles will not get you merit but participating in community discussions might. But that is a topic for another discussion.

The legacy altcoins that became synonymous with the term altcoin before the days of ICO and Ethereum tokens started, namly DOGE and Litecoin are better and I agree with your point here.

Still buyers or miners of DOGE need to keep in mind that DOGE does not have any inherent development or use-cases which is the pitching point for many of the later launched altcoins. This does not make either of them good or bad. Some DOGE hodlers do hope for the DOGE future but these people also understand the truth and they sell when the price rises, not buy.

But the fact that there are communities out there trying to make DOGE popular is a point worth an applause.

Even a calculated risk taking process involved some risk and hence can make you lose a lot. They are not necessarily ahead but thought to be ahead.

Thing is that there will be risks in speculative markets but being knowledgeable about the market and knowing what you are investing in makes a lot of difference in your holding patterns and choices.

You can do that with practice and research.

Everyday is an exxageration. There is a world outside crypto trading too. If trading is not working out maybe your call is something different.

It is not just stupid but dumb. However only the ones who have been trading will be able to know this.

I agree that it can give an impetus to small-cap developers and small-cap investors but these are only minor profits for either of them. The crypto sectors are saturated with lower number of possibilities that can be developed and unless something goundbreaking tech gets developed it will be like this with bitcoin being the top and ethereum close to it. We do see mainstream companies get wiped out with time and similarly shitcoins get wiped away from trading volume and get delisted.

Opportunity is there no doubt, but the number of actually working projects that have been able to develop an MVP and fund themselves enough to continue developing that is very small.

A good advice because indeed one of the reasons why newbies lose money is even before starting to trade. That includes the false confidence that enthusiastic traders have and end up on phishing sites being blinded. Wallet software and how to protect from scammers is something that every cryptocurrency user needs to know and apply in order to be able to protect their coins.

Rankings are good but true potential is not determined by ranking always. Of course Bitcoin is the biggest one out there so everyone should aim to buy some bitcoin if not a lot.

But the wrong move here is often buying altcoins that have been floating in the market just because they dont have enough liquid money to purchase bitcoin in significant amount. In the shoes of a newbie this seems appropriate to buy some altcoins but experienced traders know the curse that befalls any trader buying shitcoins - the endless cycle of despair because no altcoin is going to be next to bitcoin. Short term profits are possible though.