Do not invest based on the "telegram community"

[Rodeo02]

I don't see the number of members in the project group telegram as a reference if the project is good, because many telegram members now join because of airdrop or bounty and can even buy bot members so that the number is increasing
So it is very important to do research first before investing in crypto

Not only that other group is paid people for mass adding ,its means  that they are just adding a different persons to a group to make it more look like a legit project  and have many investors. 

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[ameliana]

fraud is the biggest problem, including in this crypto room. everything is always related to money and fraudsters always have various ways to manipulate their victims, as the example explained by the OP is real enough so that most of the groups in the telegram are not natural accounts or they are fake accounts. this is a kind of trick to convince users or investors, especially ordinary people will think that projects with large communities even up to thousands of people, show that their projects are legitimate.

[Katashi]

OP is correct because there are some paid marketing services that offer to increase telegram members when in fact those said members are all bot or alt account of them so it is not recommended to rely upon the numbers to know if the project has a lot of support in crypto community.

[Darlingtona]

I'm seriously in support of this, do your research before investing on any project. Best one do is not to listen to speculations and do research so you would be sure of what you are going in for

[youdacapt]

OP is correct because there are some paid marketing services that offer to increase telegram members when in fact those said members are all bot or alt account of them so it is not recommended to rely upon the numbers to know if the project has a lot of support in crypto community.

if they don't buy the service, there is still a fast airdrop mode requirement by asking to join their channel. I prefer to assume not from the number of members because that is indeed a must-have clause, but at least 40% of their members actively conduct question and answer with a focus on goals. Investment decisions can also be seen from how often the admin responds with logical answers.

[rdewilde]

Back in 2017, many ICO projects pride themselves of having one of the biggest telegram community. Some of them would market it as a proof or sign that many investors believe in their project. People who have been around all know that most members there are airdrop/bounty hunters who only joined to qualify for the reward.

I also saw one post earlier asking for telegram group members and one of the condition the buyer posted is that it "needs to look real".

Anyway, this post is just a reminder to beginners in crypto. We don't want you to fall for these tricks to lure you into investing into their projects.

This is spot on and entirely true and anyone investing because of the number of members in the project's telegram group is causing himself harm. Like you said, back in the days, a large telegram community signifies how strong the project is because members shares knowledge etc but nowadays the aim is to have a large community which will be used to attract investors and nothing more; while the project in question have nothing to offer. I have seen a project with less than 5k members doing well at the early stage then naturally grows which was even after listing.

[Flezy]

Thank you for bringing this up and wish that the whole crypto community especially investors will learn this hard truth so as to make better decisions. The truth is, the era of taking telegram members into account when investing in any project is long gone, because nowadays it's either it's filled with bots or otherwise. Large number of telegram group doesn't mean a project is legit or trustworthy might be a cover to attract investors, although there are projects with large numbers but they are already built. Let's be careful...

[samcrypto]

OP is correct because there are some paid marketing services that offer to increase telegram members when in fact those said members are all bot or alt account of them so it is not recommended to rely upon the numbers to know if the project has a lot of support in crypto community.

You can’t fully trust telegram because of this and we all know that telegram is just a mode of communication and if you’re a member of a pump and dump group, then its better to leave now than to follow their advice. Investor should know how to invest on their own, know how to study every project and know when to buy and sell.

[Kiefner]

Such large groups in telegrams then simply turn into nothing. Therefore, this is not an indicator of the success of the project at all. Besides not the fact that there really is the actual participants, even if write about it themselves the members of the team.

[o48o]

Back in 2017, many ICO projects pride themselves of having one of the biggest telegram community. Some of them would market it as a proof or sign that many investors believe in their project. People who have been around all know that most members there are airdrop/bounty hunters who only joined to qualify for the reward.

I also saw one post earlier asking for telegram group members and one of the condition the buyer posted is that it "needs to look real".

Anyway, this post is just a reminder to beginners in crypto. We don't want you to fall for these tricks to lure you into investing into their projects.

I honestly never understand even why they wanted to buy people to channels or reward them in any way for being there. It only brings bunch of idiots talking about bounties and nothing else. And what ever quality that channel had goes trough the floor because these people don't even know what the project is trying to achieve. I had to leave some channels for good just because of that.

[gwaposakon]

Back in 2017, many ICO projects pride themselves of having one of the biggest telegram community. Some of them would market it as a proof or sign that many investors believe in their project. People who have been around all know that most members there are airdrop/bounty hunters who only joined to qualify for the reward.

I also saw one post earlier asking for telegram group members and one of the condition the buyer posted is that it "needs to look real".

Anyway, this post is just a reminder to beginners in crypto. We don't want you to fall for these tricks to lure you into investing into their projects.

Indeed ta volume of members in the Telegram group does not translate the success of the crypto project. And in my opinion,  reputation of telegram communities having big members is not very legit anymore and even becomes a way to scam people. I have seen many successful projects that does not have telegram communities but use other social network platforms like Reddit and Discord. Knowing and researching other the project is still a better way to invest in the project than it.

[Bttzed03]

I believe everything has been covered already that's why I am locking this thread. Thank you for all the feedback.