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Author Topic: be careful with projects that offer you great prizes, that is not a guarantee of  (Read 1157 times)
Zionatin
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November 14, 2019, 02:43:03 AM
 #181

This has been going on for a long time especially with this get paid to programs. You often just earn gift cards since it is easy to send digitally. Now with the help of crypto, you can use bitcoin.
Gift cards are by no means anywhere nearly as useless as a currency that can be spent anywhere.

Generally speaking, there is no guarantee that a project will achieve something, especially when devs are giving away a lot of tokens. In the most cases, such projects are failing to achieve the cap or dying because of the price dump.

I don't think giving away tokens is a bad thing as long as they don't go overboard with it and ruin the currency. They can be very good for exposure. You are going to need to spend currency to get advertising anyway so why not give it directly to the supporters?

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November 14, 2019, 03:47:44 AM
 #182

I agree with you because projects that offer great rewards do not last long. many of them only throw away when it has gained a lot of benefits and not just bitcoinnect but there are still some others. doing much analysis is far better than being tempted by their promise

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November 18, 2019, 08:52:10 PM
 #183

Such projects really can bring large revenues, but not for long. You can’t blame them for lying, because if the project lasts a certain time (half a year - a year) you really will receive the promised profit.
As a rule, such projects are bubbles, and burst very quickly. In view of this, you must always understand the risks that you are taking, and calculate the moments when you can exit the project or not go into it at all.
For me, such projects are like a lottery; investing there a lot of money is a very risky task. Unfortunately, many people carry the last money in these projects and often fail.

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November 19, 2019, 03:34:24 PM
 #184

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.
Hype are just due to the assumption of the majority and won't guarantee profit because things in this industry won't go always with what is expected.  There are projects which are offering interesting deals and benefits but the outcome turned out to be the opposite of the outcome simply because of the market situation. What I am trying to point out, there are other possible factors to determine a project's outcome and not only based on what the project is offering or promising to the investors.

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November 19, 2019, 03:46:39 PM
 #185

Neither does low allocation give any guarantee for success. Great, not so great or low price allocation to bounty campaign isn't a determinant of what such project will turn out to be.
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November 19, 2019, 03:58:18 PM
 #186

Neither does low allocation give any guarantee for success. Great, not so great or low price allocation to bounty campaign isn't a determinant of what such project will turn out to be.
so every bounty project must consider all its important sectors, not even a small fee will look at it. so it's better to focus on the whitepaper project first then look at the payment section provided

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Pham_Kinh_Kong
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November 19, 2019, 04:01:16 PM
 #187

Cryptocurrencies can be a great opportunity for everyone, but there's still no guarantee, especially for projects that give you big prizes. The prize may not be received but the investment is not necessarily profitable. be careful.
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November 19, 2019, 04:07:02 PM
 #188

No matter how strong the media, how big the capital, or whatever it is, there's no guarantee that the big prize projects will be real enough for you. Future income is also precarious.
I remember the ATLANT project which promised to pay the bounty hunters over 2mln USD but as expected the bounty payments are delayed and their project failed to reach the minimum soft cap amount in the bear market. The greedy bounty hunters look for the big rewards but they hesitate to make proper research on the bounty campaigns. The high bounty allocation is risky and time-wasting, in my opinion.
Not only atlant but some scam bounties like athero and many more. They were using big allocation to attract the hunters and that's how they were searching for the hunterst to help them all.
Those scammers were so smart in the past because not so many bounty participants were aware about that.

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November 19, 2019, 04:08:17 PM
 #189

Cryptocurrencies can be a great opportunity for everyone, but there's still no guarantee, especially for projects that give you big prizes. The prize may not be received but the investment is not necessarily profitable. be careful.

We should know by now and then that crypto CEO/founder are doing their best for them to manipulate everything, they can actually make a good campaign bonus just to call the attention of bounty hunters, so we should be ready with it, we should not be too much excited for it as there is no assurance at all, the least thing we can do is to check whether they are worth to invest at.
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November 19, 2019, 04:13:10 PM
 #190

Such projects really can bring large revenues, but not for long. You can’t blame them for lying, because if the project lasts a certain time (half a year - a year) you really will receive the promised profit.
As a rule, such projects are bubbles, and burst very quickly. In view of this, you must always understand the risks that you are taking, and calculate the moments when you can exit the project or not go into it at all.
For me, such projects are like a lottery; investing there a lot of money is a very risky task. Unfortunately, many people carry the last money in these projects and often fail.

Well, that might happen in 2017, but since 2018-2019, it has been very rare to find. I hope there are still projects like that, but right now a project that gives millions of dollars in prizes is really not guaranteed. some projects even do prize cuts at the time of distribution, other than that the price is also not guaranteed. I prefer to support concepts and prospects that are clear but have a small allocation of prizes, compared to less obvious projects with millions of dollars prizes.
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November 19, 2019, 04:13:55 PM
 #191

I don't really believe in bonus projects so I don't dare to do it. It is really very risky and not too attractive. My friend tried it and was fooled a lot. I see you should not do these projects.
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November 19, 2019, 04:51:31 PM
 #192

I don't really believe in bonus projects so I don't dare to do it. It is really very risky and not too attractive. My friend tried it and was fooled a lot. I see you should not do these projects.
Great prizes that are mostly offered by scam projects are very common to us but newbies in the forum have very high chances to fall from this scheme. If we will be paid in a very high prize amount without much effort to do, then we should start doubting about it because it's totally a scam. Don't take too much risks if we can still be able to make it in a proper and easier way.


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November 19, 2019, 05:00:53 PM
 #193

previously we could make it as a valuable lesson and we shouldn't fall into the same abyss, big gifts are just sweeteners so that many people are interested and after that they will disappear, but still be careful in determining the project.

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November 19, 2019, 05:02:47 PM
 #194

Current ICO projects that provide big budgets for their bounty campaign or coin with the potential to rise in price in the short term only have the potential to scam or even plan to scam. So let's not believe in such ponzi schemes and hyip or high yield invesment programs. Because the chances are high that this is a scam and will last only a few weeks or months it will disappear like a bubble.
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November 19, 2019, 05:04:00 PM
 #195

In the crypto sphere, any projects that offer a guaranteed income are bullshit since the market is volatile and we only have a small portion of the world's population that has interacted with crypto which means it would be hard for a new project to drive demand for their coin or token unless they have a reliable and effective marketing strategies.

 
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November 19, 2019, 05:05:37 PM
 #196

But OP a lot of project wants to offer large profit so that investors will be greatly encouraged to invest at that project no matter what. No project would want to reverse psychology their investors by saying that they'll be guaranteed with low profit.
This market is competitive so projects should show what they're capable of giving to their potential investors like discounts, etc.
Other than that is up to the investors whether they see it a legitimate project or not.

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November 19, 2019, 05:09:34 PM
 #197

In the crypto sphere, any projects that offer a guaranteed income are bullshit since the market is volatile and we only have a small portion of the world's population that has interacted with crypto which means it would be hard for a new project to drive demand for their coin or token unless they have a reliable and effective marketing strategies.
These marketing strategies consist of lying and fake guarantees that they will provide huge bounty prizes to lure people to advertise their project and in the end they run away with the money and we have seen that time and again and even the shitty campaign managers supports those fake narratives in the past and that definitely had an impact on the view of all the token projects, majority wanted to make a quick profit and even though the projects are not convincing they usually invest to sell when there is a pump and that too died off as scammers took over the market. Legit projects with legit team does not want any promotion, they will get seed funds.

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November 19, 2019, 05:31:18 PM
 #198

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.
Well, market is all about taking the risk in order to obtain profit but before take the risk make sure that we've made some technical analysis first just to lessen it. In this type of industry you shouldn't expect of getting a profit, back in the the day where ICOs are hypes, some of the projects I've used to participate aren't that good, yeah they offer a great prizes but as the campaign is finished I have encountered some issue.

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November 19, 2019, 05:46:27 PM
 #199

Why do you like with exchange give big prize and ICO investing offer more than 50% bonus for buying on ICO sale time, did you think at the future how price of coin is it, will be higher or lower price. I think better buy reality with coin depend bonus not higher because can be lower price later after coin listing on market.

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November 19, 2019, 06:06:30 PM
 #200

We all can't escape learning the hard way in crypto space, i was a victim of few scam projects, they made huge promises and promise to reward huge rewards but all failed but i have learn,many will still fall for this until they become smart by learning from their mistakes

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