betty11
Copper Member
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Activity: 448
Merit: 3
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August 28, 2019, 04:24:34 PM |
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Some developers are pathological liars, they write on whitepaper how they are going to build houses in the sky without any foundation using the blockchain technology, and at the end, they don't get to even lift a tip of sound after collecting public fund. Sincerity with handwork will always deliver gold, albeit with patience.
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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wheelz1200
Legendary
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Activity: 3598
Merit: 1406
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August 29, 2019, 07:35:50 PM |
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now prize hunters face a harsh reality .. that most projects end in fraud and some of them might make a profit but not big, on the other hand the bounty hunter must also be patient to wait for their tokens to be listed on the exchange or at least have a sale value in the market ...
but seeing the unstable market situation, it is also very risky for new tokens generated from the project. Why?
because it all depends on the project developer !!!
I see that many developers no longer care about their project work map and if the developer cannot run their project correctly, the token will become junk !!!
This is news to you? 99% of those (if not higher) were all made to extract btc out of people. It was and is clear that thousands upon thousands of tokens are not needed. Can some serve as a utility, yeah probably but not many. The "bounty hunters" that you speak of were and are just as greedy as these people making these tokens, so everyone shares the same fate....dont bother with new icos or tokens, problem solved. |
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AndRE177
Member
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Activity: 322
Merit: 10
Proof-of-Stake Blockchain Network
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August 29, 2019, 07:52:36 PM |
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now prize hunters face a harsh reality .. that most projects end in fraud and some of them might make a profit but not big, on the other hand the bounty hunter must also be patient to wait for their tokens to be listed on the exchange or at least have a sale value in the market ...
but seeing the unstable market situation, it is also very risky for new tokens generated from the project. Why?
because it all depends on the project developer !!!
I see that many developers no longer care about their project work map and if the developer cannot run their project correctly, the token will become junk !!!
Currently, there is such a situation with bounty campaigns of new projects, which is associated with the fact that among new projects there are more and more scammers and less and less good projects. Fraudsters have learned to qualitatively imitate vigorous activity, hold meetings, publish news on social networks. And as soon as ICO or IEO ends, the developers disappear and everyone is left without money starting from investors to bounty hunters. |
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key4co.in
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August 29, 2019, 08:03:19 PM |
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It's true that about 70% of crypto projects do not follow their roadmap, that's the sad reality. Many developers are just concerned on cashing out funds, and not actually the project development. Well, there are still few projects which focus on project development and follow their roadmap, this at least gives hope to the crypto community. Without devotion and hardwork by the team, the coin won't have value in the long run.
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Upgate
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Activity: 560
Merit: 14
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August 29, 2019, 08:09:56 PM |
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I know that good people can turn into evil, including part of the project team. maybe not all of them, but I'm sure they were blinded by money, so they forgot this agreement when they got the money and left without news anymore. and that is why scamers like to stay in this market because they easily get money by cheating through projects.
It's not about people turning from good to bad is about the outcome of the work put into the project by the developers. After developing a coin with sufficient work in put but the result does not look encouraging this can make developers to lose focus and abandon the project |
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laskybok
Jr. Member
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Activity: 315
Merit: 2
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August 29, 2019, 11:35:35 PM |
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A lot of unprofessional project teams get fed up with the projects they are running. Particular when they are faced with challenges that they cannot cope with and that their knowledge is not able to curtail.
It is therefore very essential to work with the right set of people.
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jhonjhon
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August 29, 2019, 11:46:01 PM |
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A lot of unprofessional project teams get fed up with the projects they are running. Particular when they are faced with challenges that they cannot cope with and that their knowledge is not able to curtail.
It is therefore very essential to work with the right set of people.
Supposedly, they should never run such a project if they never know how to solve any problem that will come out after. That's their obligation to secure their project and not just to look for easy money coming from the investors and leave them after they got the money. That is the common problem we face now with ICO and that will stand not to believe them. |
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torpedo
Full Member
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Activity: 267
Merit: 101
WE SCALE CRYPTO COMMUNITIES!
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September 06, 2019, 08:32:20 AM |
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It is because of the team members not understanding the gig completely; it may be because of the manager not managing things ultimately, or maybe the project didn’t turn out profitable enough, and the manager decides to abandon the coin. Many good projects and teams also turn out to be scams. I guess it is just the nature of this business.
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andika2018
Member
Offline
Activity: 700
Merit: 10
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September 06, 2019, 08:37:09 AM |
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now prize hunters face a harsh reality .. that most projects end in fraud and some of them might make a profit but not big, on the other hand the bounty hunter must also be patient to wait for their tokens to be listed on the exchange or at least have a sale value in the market ...
but seeing the unstable market situation, it is also very risky for new tokens generated from the project. Why?
because it all depends on the project developer !!!
I see that many developers no longer care about their project work map and if the developer cannot run their project correctly, the token will become junk !!!
The team developer plays an important role in the development of a project. When the developer team has left the project, we can be sure that the price of the token will fall. The team developer who believes in the mission of the project will definitely not leave the project because it concerns their reputation and commitment in the cryptocurrency world |
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setialovers
Member
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Activity: 812
Merit: 11
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September 06, 2019, 09:20:57 AM |
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I know that good people can turn into evil, including part of the project team. maybe not all of them, but I'm sure they were blinded by money, so they forgot this agreement when they got the money and left without news anymore. and that is why scamers like to stay in this market because they easily get money by cheating through projects.
It's not about people turning from good to bad is about the outcome of the work put into the project by the developers. After developing a coin with sufficient work in put but the result does not look encouraging this can make developers to lose focus and abandon the project Many projects also fail because the developer team does not focus on the product or sometimes work on new projects. There are many reasons the developer team leaves the project but the most disadvantaged in this case is the investor. |
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mihtju
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September 06, 2019, 09:33:15 AM |
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It is because of the team members not understanding the gig completely; it may be because of the manager not managing things ultimately, or maybe the project didn’t turn out profitable enough, and the manager decides to abandon the coin. Many good projects and teams also turn out to be scams. I guess it is just the nature of this business.
I also read information that many project teams were not initially going to cheat anyone. They simply have not calculated their strength. And not everyone has the courage to admit it, so they decide to just disappear with all the money without explaining the reasons. |
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Lanatsa
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September 06, 2019, 11:48:39 AM |
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now prize hunters face a harsh reality .. that most projects end in fraud and some of them might make a profit but not big, on the other hand the bounty hunter must also be patient to wait for their tokens to be listed on the exchange or at least have a sale value in the market ...
but seeing the unstable market situation, it is also very risky for new tokens generated from the project. Why?
because it all depends on the project developer !!!
I see that many developers no longer care about their project work map and if the developer cannot run their project correctly, the token will become junk !!!
The team developer plays an important role in the development of a project. When the developer team has left the project, we can be sure that the price of the token will fall. The team developer who believes in the mission of the project will definitely not leave the project because it concerns their reputation and commitment in the cryptocurrency world Team that doesnt abandon their project is really a good sign that the team behind is indeed serious to their creation but there are inevitable instances where no matter how hard they do strive on building up their project they do still failed up in the end which leads on surrendering rather than striving. Success will also vary on its community support because even how you do hard work in related to your creation if the public doesnt able to see the usefulness or relevance of your project you will definitely fail sooner or later.I can say these things yet im basing this with my experience after all these years about projects which ends up on the same fate but somehow we can differentiate the success chance of a team that trying out their best compared to those teams that doesnt care at all on the very beginning. |
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Mysteryla
Jr. Member
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Activity: 420
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September 06, 2019, 12:18:39 PM |
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An an investor, you do not need to invest in a project with clear vision or clear understanding of what is bring done. The sane thing also applies to a bounty hinter. You ought to have known that not every project in the crypto space will end up well. Some eventually become junk even in a short while, some may last for two to three years and for most, the maximum you will see is five years, except for few ones.
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Classica35
Jr. Member
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Activity: 518
Merit: 3
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September 06, 2019, 11:59:55 PM |
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A developer that does not care about his project is only here to scam people. This is why thorough research is very important. This is also one of the reasons some people do not trust new projects.
If you are still very much interested in them, all you need to do is to do your research before taking any step.
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HK88
Jr. Member
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Activity: 193
Merit: 3
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September 07, 2019, 04:50:52 AM |
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yes many projects end in fraud and i think this is a common thing that often happens in this industry. therefore, before you or anyone, it's important to research the project they want to participate in. the project can be managed well if the developer and team have expertise in managing it and that will affect the future of the project.
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Chuky92
Copper Member
Jr. Member
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Activity: 966
Merit: 5
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September 07, 2019, 05:27:40 AM |
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You are right, but however I think it takes a good team with adequate knowledge and experience to run a project anything short than this always ends up as junk. This is true, because depsite the market situation there are new projects coming up and having good public sale while continuing developing their platform while there are those that finds it hard having a good public sale and of course ends up as a failure, so I think the success of any project depends on the team.
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SistaFista
Sr. Member
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Activity: 1638
Merit: 251
Hexhash.xyz
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September 07, 2019, 03:29:29 PM |
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The price of the token is not on the hand of developers, but they can rise their token value by keep developing their project.
If nothing making some progress in the project, then the price of their coin will going down because many of their investors lost faith to their project.
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Kecipir
Jr. Member
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Activity: 33
Merit: 1
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September 07, 2019, 07:56:17 PM |
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In general, a good project is a project that can be developed by experienced developers. if the developer has a good reputation in managing the project, of course many investors believe that. if what you mean is about a good developer of course they will not leave the project they have launched, but a different story if the developer decides about delaying the continuation of the campaign.
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toydoll
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September 12, 2019, 07:45:10 AM |
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this is probably the most common situation.Unfortunately, I also have these coins in my wallet,I made a mistake and bought-and now can not sell,the team is silent,the latest news was more than a year ago.What now remains is only to store them and hope for some development.
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imstillthebest
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September 12, 2019, 10:21:41 AM |
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what do you mean when you say prize hunters ? are you refering to bounty hunters ? and are you only refering to ico bounties right ? but dont worry because these scam ico bounties are not going to last any longer .
right now we can see that there are now ieo campaigns . before , the number of ieo campaigns are fewer but after checking the bounties board they are like mushrooms that pops up . this should be our new hope , hopefuly
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