ReasonOff
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December 05, 2017, 05:51:19 PM |
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Now lets assume Credence is not a scam and they will recover. The hit they took was massive. The entire reputation was destroyed and not having even a site up while this is going on makes it even worse. The damage has been done and too many people will leave and talk bad. Even if lending finally starts I just can't see how they will gain trust of people. This dumping will forever be associated with Credence and any new potential investor will just walk away without thinking.
Well said sir, with this fiasco now on everyone's radar, their reputation is in the toilet and no one will ever trust the project. Even if they do get the site launched who in their right mind would invest in it? Not me, I have 0 trust left. As Mark Cuban would say, "and for that reason Im out." With all this being sad they still risk nothing. They have their btc already. They can make site up and running and look what is going to happen. First, price will go higher than it is now and second, if people start bringing money for lending they will live if not they can just close and stay with their btc.
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kupz
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December 05, 2017, 05:51:51 PM |
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I never had a good feeling about this coin since day 1 that's why I stuck to GoldReward and Hextra.. both are doing very well I got grx and hextra i also got 500 crdnc, and now bought 0.05btc worth of credence
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arslaan
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December 05, 2017, 05:52:52 PM |
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What got me interested in Credence was their professional communication. Sadly that is the only professional thing we have seen from them so far. Also sadly professional communication is known to be the best way to manipulate and scam people. That's how people start believing in things they may not have in the past. Very good communication can be a double edge sword. It is the absolute lowest a human being can go if used for malicious purposes. Right now this is where this whole project is heading and it is so sad to see it go there as this was the lending platform I believed in the most!
Now lets assume Credence is not a scam and they will recover. The hit they took was massive. The entire reputation was destroyed and not having even a site up while this is going on makes it even worse. The damage has been done and too many people will leave and talk bad. Even if lending finally starts I just can't see how they will gain trust of people. This dumping will forever be associated with Credence and any new potential investor will just walk away without thinking.
Here is perhaps the biggest mistake they have done if they are not a scam. There is no fucking website up. I really just don't give a single fuck about how secure and perfect and flawless they want the site to be. What they need to understand is human psychology and what truly matters - delivery!!! They could have just had the website up without login/register option and continue working on testing it and taking it down when needed for tests. This way we at least know work has been done. They could have made a demo login so we can see how the backend looks like. This way the site is still under construction but at least we know it exists. If they are not a scam this is a disaster of a performance. Did they really not think how people will react to empty promises?
One thing I have learned in crypto is that if you don't deliver relatively soon to your promises, you are a scam even if you are not.
With that said, I still have some tiny hope for Credence. I really want them to succeed and hope it is not just another scam. If it is, then I have to seriously adjust the way I invest in crypto. No site = look away and never come back! A great forum thread with exceptional customer support and communication with the investors is just another empty promise. I hope I am wrong but I may need to start ignoring ALL communication from future projects and only rate them based on what they have done. Communication is only important if there are results. Then communication becomes even stronger with strong results!
Rule number one should allways be Are the Devs ANONYMOUS .. then walk away. Why in the world would u TRUST someone with millions without them disclosing their identity. The days that you can trust people on their blue eyes in crypto have GONE if they where ever even here in the first place. BitBase dev and team were not anonymous still they proved to be an exit scam. BitConnect has anonymous dev and team and they are still paying since last 1 year and their coin is worth over 300$ . Things are very uncertain in crypto markets
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digitaldanny
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December 05, 2017, 05:52:58 PM |
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While I know they have scammed us, I just dont understand why now? They could have just delay delay delay, and slowly sold out coins.
Or they could have just open the platform, let people put in BTC, then run. Its not like that would have cost them much. They dont pay people in money, they pay them in tokens and I think you can just buy these exchange softwares for a couple hundred dollars.
They would have made so much more either way.
Actually they couldn't make more because they risk not being able to dump the coins if they got caught, so now was the perfect time when nobody knew what happened. Bank robbers dont rob a bank over a period of weeks, they do it in seconds.
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ReasonOff
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December 05, 2017, 05:53:29 PM |
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While I know they have scammed us, I just dont understand why now? They could have just delay delay delay, and slowly sold out coins.
Or they could have just open the platform, let people put in BTC, then run. Its not like that would have cost them much. They dont pay people in money, they pay them in tokens and I think you can just buy these exchange softwares for a couple hundred dollars.
They would have made so much more either way.
Not sure there is a simple answer. There are at least several people in the project. Communication part and tech part at least. They could have a disagreement and one part started dumping and another does not know what to do.
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solocosebuone
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December 05, 2017, 05:56:13 PM |
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While I know they have scammed us, I just dont understand why now? They could have just delay delay delay, and slowly sold out coins.
Or they could have just open the platform, let people put in BTC, then run. Its not like that would have cost them much. They dont pay people in money, they pay them in tokens and I think you can just buy these exchange softwares for a couple hundred dollars.
They would have made so much more either way.
Because those son of bit*h do not even have a website to launch. I assume that dev team was scared that something comes out. So they had to do it fast, in order to gain as much BTC as possible.
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ReasonOff
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December 05, 2017, 05:57:56 PM |
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While I know they have scammed us, I just dont understand why now? They could have just delay delay delay, and slowly sold out coins.
Or they could have just open the platform, let people put in BTC, then run. Its not like that would have cost them much. They dont pay people in money, they pay them in tokens and I think you can just buy these exchange softwares for a couple hundred dollars.
They would have made so much more either way.
Because those son of bit*h do not even have a website to launch. I assume that dev team was scared that something comes out. So they had to do it fast, in order to gain as much BTC as possible. The dump hasn't started yet. Overall around 100-150k were sold these days. They still have more than 1.5 million to dump.
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vindermarch
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simply getting the job done
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December 05, 2017, 05:58:54 PM |
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Good project. I personally can not follow this project yet. But I hope this project works.
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digitaldanny
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December 05, 2017, 06:01:42 PM |
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If you are still even or even at a slight loss at current price.. sell now and wait until the dust settles. Its VERY likely they are scamming. Look at the movement of the big wallets on the explorer.
If they are not scamming you can always jump back in later.
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ReasonOff
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December 05, 2017, 06:02:18 PM |
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Good project. I personally can not follow this project yet. But I hope this project works.
And then there is this guy! What are they doing? Incrementing activity counter or what? Fcking bots in every topic
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digitaldanny
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December 05, 2017, 06:02:55 PM |
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Good project. I personally can not follow this project yet. But I hope this project works.
And then there is this guy! thats funny! lmfao
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coinbull
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December 05, 2017, 06:12:23 PM |
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It's very clear there are huge buys and can not be just flippers. Credence is buying back their coins. The 2m were free from mining, but it won't hurt much to buy them back at .50. That is, if they can open the website and get the price back up.
CoinBull
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kenmasters34
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December 05, 2017, 06:19:48 PM |
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It's very clear there are huge buys and can not be just flippers. Credence is buying back their coins. The 2m were free from mining, but it won't hurt much to buy them back at .50. That is, if they can open the website and get the price back up.
CoinBull
True, it hasnt been dumped for a while. I regret selling that last 500 of mine for 4000 sats. I have 500 left now.
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kupz
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December 05, 2017, 06:27:05 PM |
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I don't understand why people would think they did an exit now when they got a lot in place. live blockchain, dekstop wallet, trading in mercatox exchange and listed in coinmarketcap. doing the listing in exchange and marketcap alone cost a lot of money, why would they exit now when the coin is only 4.45 each? doesn't make sense lol
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AGM76
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December 05, 2017, 06:28:37 PM |
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I don't understand why people would think they did an exit now when they got a lot in place. live blockchain, dekstop wallet, trading in mercatox exchange and listed in coinmarketcap. doing the listing in exchange and marketcap alone cost a lot of money, why would they exit now when the coin is only 4.45 each? doesn't make sense lol
Maybe they are lazy and want to lay on the beach
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AK87
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December 05, 2017, 06:31:44 PM |
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I don't understand why people would think they did an exit now when they got a lot in place. live blockchain, dekstop wallet, trading in mercatox exchange and listed in coinmarketcap. doing the listing in exchange and marketcap alone cost a lot of money, why would they exit now when the coin is only 4.45 each? doesn't make sense lol
Read your post again and try to get out your perspective. What do you see? A guy who believes that because they have done this and that and therefore invest in it. To make you feel confident about buying their coin. It makes absolute sense doing all this and then exiting. Would you invest in a coin that has 1) no wallet 2) no cmc listing 3) being traded on crappy exchange no one ever heard of Probably not, right? Think a step further, how much money does it cost to get listed and how much money can you make by dumping? You made the money from listing within seconds back.
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kupz
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December 05, 2017, 06:34:32 PM |
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Never said I was an expert but I think most people investing in Crypto's right now don't have a lot of experience. The whole game is new. You can always tell which folks are loosing and who are winning. I didn't say they would bounce back tomorrow damn!! lol I think we can bounce back like I said though over time. If they get the site up and start doing the lending it will increase. I don't have a bunch of experience in the Crypto World but I have done multiple lending platform ICO's and know how profitable they can be when ran correctly. Again folks be thinking they are experts and know whats going to happen. I remember folks saying Regal was a scam and going down and they are actually still here and trading at 49 dollars. I kept my coins and and made big profit and hopefully can do the same here.
same with hextra too, they said that it was a scam coin and the naysayers rejoiced when the site was locked for 1 week. but when they went live again i profit huge and im laughing back at them now lol
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kupz
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December 05, 2017, 06:36:33 PM |
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I don't understand why people would think they did an exit now when they got a lot in place. live blockchain, dekstop wallet, trading in mercatox exchange and listed in coinmarketcap. doing the listing in exchange and marketcap alone cost a lot of money, why would they exit now when the coin is only 4.45 each? doesn't make sense lol
Read your post again and try to get out your perspective. What do you see? A guy who believes that because they have done this and that and therefore invest in it. To make you feel confident about buying their coin. It makes absolute sense doing all this and then exiting. Would you invest in a coin that has 1) no wallet 2) no cmc listing 3) being traded on crappy exchange no one ever heard of Probably not, right? You mean, no site? Because, they have had a staking wallet since day one! no wallet, are you serious? I've been staking my coin since day 1 lol
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kenmasters34
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December 05, 2017, 06:39:41 PM |
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I don't understand why people would think they did an exit now when they got a lot in place. live blockchain, dekstop wallet, trading in mercatox exchange and listed in coinmarketcap. doing the listing in exchange and marketcap alone cost a lot of money, why would they exit now when the coin is only 4.45 each? doesn't make sense lol
Read your post again and try to get out your perspective. What do you see? A guy who believes that because they have done this and that and therefore invest in it. To make you feel confident about buying their coin. It makes absolute sense doing all this and then exiting. Would you invest in a coin that has 1) no wallet 2) no cmc listing 3) being traded on crappy exchange no one ever heard of Probably not, right? You mean, no site? Because, they have had a staking wallet since day one! no wallet, are you serious? I've been staking my coin since day 1 lol He is saying, people have invested because Credence has these things. If they didnt, less people would invest. Credence does appear to be on the rise again. Its been a while since a dump.
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AK87
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December 05, 2017, 06:44:15 PM |
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I don't understand why people would think they did an exit now when they got a lot in place. live blockchain, dekstop wallet, trading in mercatox exchange and listed in coinmarketcap. doing the listing in exchange and marketcap alone cost a lot of money, why would they exit now when the coin is only 4.45 each? doesn't make sense lol
Read your post again and try to get out your perspective. What do you see? A guy who believes that because they have done this and that and therefore invest in it. To make you feel confident about buying their coin. It makes absolute sense doing all this and then exiting. Would you invest in a coin that has 1) no wallet 2) no cmc listing 3) being traded on crappy exchange no one ever heard of Probably not, right? You mean, no site? Because, they have had a staking wallet since day one! no wallet, are you serious? I've been staking my coin since day 1 lol He is saying, people have invested because Credence has these things. If they didnt, less people would invest. Credence does appear to be on the rise again. Its been a while since a dump. Thank you, people need to read before they post. I'm quoting someone and talking about his comment.
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