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Author Topic: be careful with projects that offer you great prizes, that is not a guarantee of  (Read 1266 times)
Menawi12
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November 01, 2019, 01:08:47 AM
 #121

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

I agree that we should not be tempted by the big bonus that will be given. Large bonuses can also result in prices falling when the initial listing and not also guarantee projects that provide large bonuses are legitimate projects

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November 01, 2019, 01:17:49 AM
 #122

When it is too good to be true then it is a scam. Don't be greedy when it comes to joining into projects and do your research first before investing your time, effort and money into something. There is a lot of scams out there and it is not worth of your time so you better educate yourself first on the things that you need to check before you get in.

 
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November 01, 2019, 01:36:12 AM
 #123

When it is too good to be true then it is a scam. Don't be greedy when it comes to joining into projects and do your research first before investing your time, effort and money into something. There is a lot of scams out there and it is not worth of your time so you better educate yourself first on the things that you need to check before you get in.

As I have seen in several new projects, team members are always active and carry out all their activities, but their obligation to pay for the work of the bounty hunters are always postponed if the price of their altcoins starts to decline.
doing research is a good thing, but luck is always needed because some new projects always make changes about the distribution date of the altcoin they provide for the bounty campaign

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November 01, 2019, 02:00:13 AM
 #124

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.
yes it is true, projects that given a lot of purchase bonuses and promise high profit returns, after the ICO ends most of them have no value. Even their tokens have never been listed on the central exchange, even though they have been running for more than 6 months since ICO ends.

 
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November 01, 2019, 02:27:16 AM
 #125

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

yes, you are right to say, there is no full guarantee when we work on a project, whether they will keep their promises or not. You say that a project that promises huge rewards without effort is too easy, it is possible that the project just wants to take advantage of us. even for a project that promised to give reasonable rewards, many also lie for now. therefore we must be good at doing research first before we participate in a project.

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November 01, 2019, 02:52:40 AM
 #126

Giving a big prize is a trick of their marketing so that someone wants to join. Personally, giving bonuses to new members or new investors is a lack of confidence in the project. Because what they sell is a bonus not a good idea and product. From this, it is clear that they just want to make you tempted and will take your money. Don't be small fish who want to get the big lure because of it just greed, but be a whale, eat small objects and be big.



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November 01, 2019, 03:59:28 AM
 #127

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

yes, you are right to say, there is no full guarantee when we work on a project, whether they will keep their promises or not. You say that a project that promises huge rewards without effort is too easy, it is possible that the project just wants to take advantage of us. even for a project that promised to give reasonable rewards, many also lie for now. therefore we must be good at doing research first before we participate in a project.
I strongly agree with your opinion, there is no guarantee that can be ascertained to know that the project will provide rewards to us, when the project is over. in the past I also felt cheated by a project, even though I had researched the development team beforehand and I thought the project was good, but I did not get a reward when the project ended. but all that I'm not too sorry, maybe I'm still not lucky. In essence, we must continue to try our best to see and research the projects that you will participate in, because by doing so you have minimized the level of fraud against you.

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November 01, 2019, 04:03:14 AM
 #128

indeed, at the moment there are many projects that offer very high prizes and many are scams, many participants are deceived like that, some time ago I have experienced an event like this, you better find more information before you become a participant in a new project so that you can avoid fraud like that which makes many people suffer losses.

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November 01, 2019, 04:38:06 AM
 #129

When it is too good to be true then it is a scam. Don't be greedy when it comes to joining into projects and do your research first before investing your time, effort and money into something. There is a lot of scams out there and it is not worth of your time so you better educate yourself first on the things that you need to check before you get in.

As I have seen in several new projects, team members are always active and carry out all their activities, but their obligation to pay for the work of the bounty hunters are always postponed if the price of their altcoins starts to decline.
doing research is a good thing, but luck is always needed because some new projects always make changes about the distribution date of the altcoin they provide for the bounty campaign
An active team but can't provide good innovation and update, it's useless.
they delay it might be the purpose is to reduce the worst conditions. Although the distribution was postponed or not, in fact the project conditions were indeed bad. we lose.
it's better if we join a project where the prizes are normal and not many and not small, big prizes have many problems in the end.
btw, if we think about it, indeed everything can't guarantee.

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November 01, 2019, 11:31:59 AM
 #130

It’s absolutely true that when any cryptocurrency projects promise huge profits in the future, it’s better to bypass such projects and just watch them from time to time, so that they really can achieve what they promised or not, and in general such projects are usually scam and better just ignore them.
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November 01, 2019, 11:56:56 AM
 #131

It’s absolutely true that when any cryptocurrency projects promise huge profits in the future, it’s better to bypass such projects and just watch them from time to time, so that they really can achieve what they promised or not, and in general such projects are usually scam and better just ignore them.
projects that provide large prizes may have an effect on market prices because price dumps can occur. plus investors will reduce interest if the percentage of prizes is large, therefore you should look for projects that provide sufficient pay and also have potential in the future. because the projects give big rewards, sometimes they cannot survive in the future
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November 01, 2019, 12:13:05 PM
 #132

Indeed there are some projects that offer huge benefits but at the end of the project we cannot get satisfactory results even the time we spend does not match the results, but there are also some projects that offer not lucrative but the results we can satisfy, then we are very difficult to judge a good project for us to follow.

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November 01, 2019, 12:18:09 PM
 #133

Such offer from developers is part of the marketing plan. Each project are somewhat designed to attract investors so I guess projects always promote their project that way, of course that is aside from promoting the product or the service it self. That is why investors should always do their reaearch and mudt have a good judgement whether if what is written in the white paper can be achieved by the team.

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November 01, 2019, 12:31:10 PM
 #134

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

If the deal is too good to be true, then it is normal to start doubting the legitimacy of the project. I always look forward on realistic promises of the project instead of the projects that always say that you can earn XXX times if you invest on them. It is important to understand that you can only earn a lot if you bought the coin in one of its lowest price and then a bull run happened for that coin. The chances are slim and even if the prices go up, it's not as much as you initially expected.

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November 01, 2019, 12:47:20 PM
 #135

There have been series of projects, where the developers would have already stated the expected price on exchange. Most times, particularly the ones that I have witnessed. They all failed. Projects like that end up as scam
.
One thing I believe in is that, the market determines the price.
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November 01, 2019, 12:53:07 PM
 #136

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

If the deal is too good to be true, then it is normal to start doubting the legitimacy of the project. I always look forward on realistic promises of the project instead of the projects that always say that you can earn XXX times if you invest on them. It is important to understand that you can only earn a lot if you bought the coin in one of its lowest price and then a bull run happened for that coin. The chances are slim and even if the prices go up, it's not as much as you initially expected.

It's a little suspicious when a project gives a big bonus, even though it is common to attract investors. In the midst of market conditions that are currently not good, new projects are competing to attract investors and one way is to provide a large bonus, but if we do not do research in advance on the project, we could be exposed to fraud
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November 01, 2019, 01:00:14 PM
 #137

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

Projects that focus on money (rather than tech and solving some real-world problem) to attract investors are scams by default in my eyes. It's the first and most obvious red flag. With thousands of coins out there, no sensible developer would dare claim that their coin will see a price increase. They can hope it will, sure. They should, their project's future may very well depend on it. But to openly claim it — nah, I'm not buying it.

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November 01, 2019, 01:26:22 PM
 #138

Even with the legit investments, they doesn't guarantee you an exact profit. They might give you only a certain amount if the company has proved themselves and operating for a lot of years.
But with projects that are newly launched, when you see that they are offering such tremendous amount for profit, doubt it. Don't bite your greediness because that could be a trap.



 

 

 

 

 

 


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November 01, 2019, 01:27:11 PM
 #139

Offering high return of profit for their investors i think this is not more than marketing strategy and the devs will do everything to attract investors invest at their projects and the decissions will belongs to the investors themself whether they will invest or not but before being an investors then people should be choose wisely and aware the risk behind it because as you says above nothing is certain in crypto and there is no 100% guarantee safe

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November 01, 2019, 01:32:14 PM
 #140

Yes, I agree with you, we need to be more careful with projects that offer great prizes. because maybe some of the projects are scams. they offer great prizes for dancing us to join in and promote scam projects. and then they run away with investors' money. it's better if you want to participate in a prize campaign project if you choose a project whose manager and team are experienced and honest people. even though the pay isn't great.

 
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