lixer
|
|
August 25, 2019, 07:34:11 PM |
|
I cannot say that all altcoins are legit and good for investment. Many investors are being scammed by fake projects, according to reports. So traders, investors and bounty hunters should stay alert before investing in altcoins. They must conduct researches, view whitepaper, project team and technology beforehand.
Whoever says all altcoins are legit is seriously dreaming and living in fantasy land or probably the person is new to cryptocurrency and does not know much yet now that most altcoins that we now have are just there to take money and close down the project, and this season where we no longer see much of big investors willing to consider any altcoin to invest in, and you see that majority of the altcoins that are doing quite ok still are the ones that is like within the top 50 coins. I think new altcoins will no longer get the chance to enter the market that much except the ones that has to go through IEO platform, those ones are still under the hype of IEO which has really been working for them for a long time now, and to invest in IEO is not that easy for common man.
|
|
|
|
arjuna BTC
Sr. Member
Offline
Activity: 994
Merit: 250
BabelFish - FISH Token Sale at Sovryn
|
|
August 25, 2019, 11:30:44 PM |
|
Now a day's, new altcoin getting weird now a days. Few days back i thought a coin called JINBI they gaining fund for there coin, after funding they vanish.
where are you bet your money ??
Is altcoin trustable??
which one is legit??
talk about altcoin, you can choose the TOP 100 coin at coinmarketcap buddy for example ethereum, eos, litecoin and BNB for me thus altcoin above is better than the other
|
|
|
|
redpotato
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 26, 2019, 02:39:18 AM |
|
i think the rise in scams is largely due to poor judgement and decision on investor part. We have to do our own DD and look out for important indicators such as assured exchange listing (announcement from the exchange itself), working MVP, elite team and existing community. A project like kozjin in my opinion, ticks all these boxes.
|
|
|
|
TelolettOm
|
|
August 26, 2019, 05:50:56 AM |
|
This is a problem that must be dealt with immediately, many new projects are born and after getting investor money they disappear into the earth. Very damaging cryptocurrency ecosystem in my opinion. Easily create a new project that can be done by anyone just spending a lot of money they can make money with fraud.
The solution is to have an institution that verifies the project that has a permit and not so that not everyone can be careless in investing. we don't want more people to get caught up in fraud and get big losses. in this case each country is responsible for auditing every project
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
cunguks
Full Member
Offline
Activity: 854
Merit: 101
Polkadog - Multi-Chain Defi Meme
|
|
August 26, 2019, 12:23:27 PM |
|
This is a problem that must be dealt with immediately, many new projects are born and after getting investor money they disappear into the earth. Very damaging cryptocurrency ecosystem in my opinion. Easily create a new project that can be done by anyone just spending a lot of money they can make money with fraud.
The solution is to have an institution that verifies the project that has a permit and not so that not everyone can be careless in investing. we don't want more people to get caught up in fraud and get big losses. in this case each country is responsible for auditing every project the policy is only owned by each country where the project is run. like America and Korea have also made policies and regulations for making a new altcoin or ico project. It is important to have government control, but it will not make the risk of fraud from the new altcoin reduced.
|
|
|
|
ciang huang
|
|
August 26, 2019, 12:35:46 PM |
|
yeah you are right. there are too many anek projects for this year. i have experience about coin tele or miracletele where i was one of those who tried sim sime products and it was very smoothly used in my country. i thought miracletele would be great but i was wrong , 2 days ago sata got an email that the CEO had left the group and team channels going on vacation. This is ridiculous
I have participated in a bounty miracle tele program that is very good and I see the price is fantastic every day in exchange in etherdelta but true to your words dev and the team fled leaving the group maybe this is the beginning of the ugliness of the project that is already running which causes the project to be quiet because a lot of investors' money scams
|
|
|
|
iphone5s
|
|
August 26, 2019, 12:44:01 PM |
|
This is a problem that must be dealt with immediately, many new projects are born and after getting investor money they disappear into the earth. Very damaging cryptocurrency ecosystem in my opinion. Easily create a new project that can be done by anyone just spending a lot of money they can make money with fraud.
The solution is to have an institution that verifies the project that has a permit and not so that not everyone can be careless in investing. we don't want more people to get caught up in fraud and get big losses. in this case each country is responsible for auditing every project the policy is only owned by each country where the project is run. like America and Korea have also made policies and regulations for making a new altcoin or ico project. It is important to have government control, but it will not make the risk of fraud from the new altcoin reduced. If the project really does exist, it becomes a good thing even though the results are not optimal but different from projects that actually never existed and were made real. It will only waste time for investors and all those who have participated in it.
|
|
|
|
leea-1334
|
|
August 26, 2019, 02:10:50 PM |
|
There are many new alts currently in the market, not every of them is a scam though. You've got to make your research to ensure you're buying a project which has a useful base already. Projects vechain, ledu, eos, you can buy these coins in the dip, but make sure you do your research first.
Vechain ledu and EOS? I maybe can argue very hard for EOS based on all the Dapp activity, but anyone can see that this cycle of heavy dapp activity was already repeated by ETH and then TRON. Remember those cryptokitty days? Same as EOS now full of gaming and gambling dapps. That is not a useful base that can be sustainable.
|
|
|
|
_ZeD_
|
|
August 27, 2019, 08:19:31 AM |
|
New projects appear dozens every day. Of course, among them enough and those whose developers pursue only one idea of easy money. This is a young market and at the moment the possibility of fraudsters unfortunately very large.
|
|
|
|
PaoAj
Jr. Member
Offline
Activity: 199
Merit: 2
|
|
August 27, 2019, 12:01:46 PM |
|
I can't blame people who are hard to trust altcoins now, especially with what the community has seen last 2017 with scam ICO projects. That's why you have to be skilled in seeing which project is legitimate or not by checking if they're hitting their roadmap and signed/sealed partnership with multiple blockchain companies and not just verbal nods. You can still definitely trust altcoins but you need to be very patient in doing your own background research with the team behind the project you're gonna invest on.
|
|
|
|
Kang TB
Sr. Member
Offline
Activity: 1050
Merit: 250
Revolutionizing Reward Points
|
|
August 29, 2019, 04:55:39 PM |
|
Now a day's, new altcoin getting weird now a days. Few days back i thought a coin called JINBI they gaining fund for there coin, after funding they vanish.
where are you bet your money ??
Is altcoin trustable??
which one is legit??
personally i don't know about JINBI mate i think its better for you to buy some ethereum and BNB now, i drop about 40% of my money to Both alts and i think both are legit buddy
|
|
|
|
carlfebz2
|
|
August 29, 2019, 06:49:45 PM |
|
Now a day's, new altcoin getting weird now a days. Few days back i thought a coin called JINBI they gaining fund for there coin, after funding they vanish.
where are you bet your money ??
Is altcoin trustable??
which one is legit??
personally i don't know about JINBI mate i think its better for you to buy some ethereum and BNB now, i drop about 40% of my money to Both alts and i think both are legit buddy Since OP posted this up earlier than JINBI token being listed out on CMC https://coinmarketcap.com/currencies/jinbi-token/Price is just moving in sideways after all these months but sustaining that value in spite on a bear market of this year is pretty impressive.
|
|
|
|
muhhentuhhen
|
|
August 29, 2019, 07:34:47 PM |
|
I cannot say that all altcoins are legit and good for investment. Many investors are being scammed by fake projects, according to reports. So traders, investors and bounty hunters should stay alert before investing in altcoins. They must conduct researches, view whitepaper, project team and technology beforehand.
I would bet on 2 alts, Bitcoin Satoshi Vision (BSV) that is a new cryptocurrency appeared as a result of the Bitcoin Cash hard fork on two competing chains, and Pundi X (NPXS). The latter is slowly but steadily gaining popularity. PundiX is also known for its first in the world phone based on the XPhone blockchain, which uses the company's exclusive operating system, Function X.
|
|
|
|
didzi
Sr. Member
Offline
Activity: 1092
Merit: 250
Hodlers Network
|
|
August 29, 2019, 09:18:57 PM |
|
I cannot say that all altcoins are legit and good for investment. Many investors are being scammed by fake projects, according to reports. So traders, investors and bounty hunters should stay alert before investing in altcoins. They must conduct researches, view whitepaper, project team and technology beforehand.
I would bet on 2 alts, Bitcoin Satoshi Vision (BSV) that is a new cryptocurrency appeared as a result of the Bitcoin Cash hard fork on two competing chains, and Pundi X (NPXS). The latter is slowly but steadily gaining popularity. PundiX is also known for its first in the world phone based on the XPhone blockchain, which uses the company's exclusive operating system, Function X. why bitcoin SV ? as i knew a lot of exchange remove this fork of bitcoin mate NPXS is an alts with huge supply and i never interested with a kind of coins with huge supply buddy try to learn more about BNB and other exchange coin, such as KCS or BIX an alts with working product
|
|
|
|
NITER2018
Jr. Member
Offline
Activity: 64
Merit: 1
|
|
September 24, 2019, 11:24:54 AM |
|
Check out BWN (Bitwings). It is the official cryptocurrency of Wings Mobile, a Spanish telecom giant. They manufacture smartphones that mine up to 2 ETH a month using hybrid cloud mining technology (reference - Neobit.org). They guarantee a constant emission value of 0.2$ for their BWN token at online and offline Wings Mobile stores. The company is genuine, they hold big events consistently.
|
|
|
|
BillGoldberg
Jr. Member
Offline
Activity: 104
Merit: 1
|
|
September 24, 2019, 11:54:22 AM |
|
Altcoins are still very trustable, but I can't blame the community to see some altcoins have such a bad image because of the 2017 scams. One way to know if they're truly legit is if they have an existing company behind or launched it. One of Korea's major telecom have now started to use crypto/blockchain to solve nasty issues that we're getting from our local carriers such as high fees and data issues. They really can't mess up if they have such a huge brand behind them running. But it's definitely recommended to not go all in on altcoins, better have 1/4 of your portfolio to be allocated for that and the others should be on major coins like btc, eth.
|
|
|
|
republicrypto
Sr. Member
Offline
Activity: 1414
Merit: 252
Keep it Simple guys :)
|
|
September 29, 2019, 01:45:35 PM |
|
Now a day's, new altcoin getting weird now a days. Few days back i thought a coin called JINBI they gaining fund for there coin, after funding they vanish.
where are you bet your money ??
Is altcoin trustable??
which one is legit??
first i will not drop my money because of the hype on any project second i always do my research before investing,, and for now i only invest on bitcoin and few altcoin such as ethereum, litecoin, eos and binance coin, regards
|
|
|
|
prof7bit
|
|
October 07, 2019, 08:00:29 PM |
|
New Altcoins in a falling cryptocurrency market are also very dangerous for investment. It can be seen that most new investors are buying Bitcoin and Ethereum. I think that this trend will continue.
|
|
|
|
cribusen
Copper Member
Jr. Member
Offline
Activity: 490
Merit: 2
|
|
October 08, 2019, 11:36:02 AM |
|
it is getting harder and harder to identify which new crypto is legit. Moreover, almost no new altcoin shows good results after the token sale, thats why I prefer to hold my funds in BTC at the moment.
|
|
|
|
gulypz
Member
Offline
Activity: 476
Merit: 10
|
|
October 08, 2019, 02:21:18 PM |
|
Altcoin still carries a very serious risk to buy. It's not easy being able to get your way in this market. I will invest as soon as I feel the rise again. I keep waiting for now. Making a quick entry can cause huge losses.
|
|
|
|
|