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sayaya17
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November 30, 2019, 07:35:09 AM |
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Yeah, if there is an original ICO project underway now, they will definitely be affected, they will be hurt because investor interest will diminish towards the original project. This is very damaging and detrimental to the original project as a result of fake ico projects that have deceived and run off investors' money. The impact is again because of the lack of interest, the original ico project is killed and cannot grow anymore, investment in crypto for new projects is hampered.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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imstillthebest
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November 30, 2019, 07:49:19 AM |
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Yeah, if there is an original ICO project underway now, they will definitely be affected, they will be hurt because investor interest will diminish towards the original project. This is very damaging and detrimental to the original project as a result of fake ico projects that have deceived and run off investors' money. The impact is again because of the lack of interest, the original ico project is killed and cannot grow anymore, investment in crypto for new projects is hampered.
that is the sad truth as people will always think negative because their trust was once already been tested but there are also those that will find it normal . on the crypto world there will always be scam and legit investments . intelligent investors know that and once they got scammed or failed on thier first try , they will still try again . not just scam and bad projects make investors lost thier interest but other things can also be a reason like for example if they dont have a funds or they are just switching thier interest on other stuff's . |
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SvonioneFromMangoCoinz
Member
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Activity: 663
Merit: 10
https://streamies.io/
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November 30, 2019, 08:25:17 AM |
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I think it is quite difficult to stop these fraudulent projects. because ICOs or IEOs are done between private actors and there is no legal intervention. And the commitment to buy tokens is also based on your decision and there is no legal intervention again. Therefore, we need to equip ourselves with the knowledge to combat these fraudulent projects. Each individual must have this awareness that in the future, no one will be exposed to fraud anymore and the scammers will gradually become discouraged and leave the market.
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Murat
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November 30, 2019, 08:59:25 AM |
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It's the reality of cryptocurrency system, due to lack of any regulation for entering to this system, a group of people has taken this opportunity to gain huge money by creating some fake project and other people lost their valuable money by investing in there, so the credibility of this system has started losing and further people haven't joined in cryptocurrency platform, I think this crisis could kill this system forever because it's a matter of credibility and acceptability. so those scam projects are the main responsible for this crisis for me.
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SabrinaBianka
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Activity: 633
Merit: 11
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November 30, 2019, 09:03:17 AM |
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From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
Missing interest in investors is somehow obstacle to growth and further research of dApps projects.
I think, rugulations will solve the topic to great extent, but is there any other way to stop the scamming and not just going away from it?
Please apply your thoughts.
Yes of course, The trust will vanish by the scammers and all legit project are so very affected on this matter. We need to avoid scammer before the time that investors doesn't have trust to invest on crypto. So to all new on crypto please review first before to participate and make sure that investment can make you a profit either its small but legit is fine. |
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EdvinZ
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November 30, 2019, 09:25:33 AM |
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Fraudulent projects in crypto very much undermine the reputation of the industry. That is why the governments of a number of countries are so negative about cryptocurrencies. It's an unregulated industry and many scammers take advantage of it.
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o.ogurlu
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November 30, 2019, 09:51:37 AM |
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Perhaps even not the whole crypto world, scam projects are seriously damaging especially new projects on the market. Unfortunately, investors have almost lost confidence in new projects due to scam projects. And this prevents investors from investing in new projects.
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bonyaserg
Jr. Member
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Activity: 1876
Merit: 5
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November 30, 2019, 10:19:43 AM |
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I believe that with the advent of promising projects, scammers immediately appear to easily make free money. And now it’s very difficult to determine what kind of project it is. And investors are losing interest in such projects. Since a large number of investors have already lost their funds. And I believe that in order to attract the attention of investors, certain rules must be passed to create promising projects. And then a large number of investors appear.
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Mumbeeptind1963
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November 30, 2019, 10:27:20 AM |
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Fraudulent projects in crypto very much undermine the reputation of the industry. That is why the governments of a number of countries are so negative about cryptocurrencies. It's an unregulated industry and many scammers take advantage of it.
Even with a small amount of news triggers us all, bad news affects the market and its consumers as well. We cannot stop scammers not to scam other people so that we can protect the crypto world. Many people are starting to lose their interest in crypto due to what happen last year , but we are still hoping that by next 2020 it could not be happen again and more and more IEO will be a real one. But there will be a thing that can help us lessen the scam project to be advertise it is by not joining them and doing some research about everything. |
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tiang_tower
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November 30, 2019, 10:57:32 AM |
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Perhaps even not the whole crypto world, scam projects are seriously damaging especially new projects on the market. Unfortunately, investors have almost lost confidence in new projects due to scam projects. And this prevents investors from investing in new projects.
Yes, one of the reasons investors are afraid to invest in crypto is because there have been many fraudulent projects that were born lately, which is what investors are often wary of now. |
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sehoon
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November 30, 2019, 11:20:42 AM |
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I think yes. Imagine getting scammed once in a while whenever you support a project. Because of this, some people might just give up on supporting the entire crypto space since the good/legit projects are outnumbered by the scams which means the legit projects are getting harder to find. Not even the ratings from different websites can prevent this.
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Chicky213
Copper Member
Jr. Member
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Activity: 476
Merit: 4
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November 30, 2019, 09:30:31 PM |
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During the past few months there has been so many scam cases and this made the investors very sceptical about investing in projets cause there is no guarantee about how genuine any new project is. The IEO somehow brought some level of confidence to them but it is just to an extent.
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oscarftw
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November 30, 2019, 09:45:06 PM
Last edit: December 02, 2019, 12:13:23 AM by oscarftw |
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Fraudulent projects in crypto very much undermine the reputation of the industry. That is why the governments of a number of countries are so negative about cryptocurrencies. It's an unregulated industry and many scammers take advantage of it.
Smart investors don't like any regulation by government. For money laundering different countries banned cryptocurrency, this isn't right that banned for fraudulent project. Scam projects is killing cryptocurrency because people trust. Although top exchange IEO can bring some trust for investor. |
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TheICE007
Full Member
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Activity: 646
Merit: 100
tozex.io
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November 30, 2019, 09:49:32 PM |
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The crypto space is still intact except the fact that the value of the market or the volume rather got bearish, that got a strong hold on the space unlike the scaming issue. More over, over time people have learnt their lesson and wouldn't fall victim anymore.
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huu78
Sr. Member
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Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
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November 30, 2019, 10:26:41 PM |
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Very well in the show once because this has happened and has long been over. Once their new project is raised will be an encouragement by investors who have a huge impact on emerging project research. But can not be in the undeniable anymore that the scammer destroys this ecosystem that makes investors more afraid to invest into them because it has a very high risk because it is now hard to trust new projects whether to actually intend to Build a blockchain project or simply seek funding to be brought to a blur.
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henmark
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December 01, 2019, 04:23:38 AM |
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You won't get scammed or worry about anything if you're just a regular crypto user. You only have to worry about these things when you're an investor or a trader, that's when you will have to be worrying about scammers and investing in the wrong project or trading with the wrong exchange. If you're a person that used cryptocurrency just for peer-to-peer transaction, you don't have any problem. Your only worry will be finding the best wallet which is not even a problem, because there are lots of good wallets that we all know already. You can make use of the Bitpay which is one of the most secure mobile wallets, or you can make use of Coinomi, Blockchain, Coinbase or Xapo.
And of course, cryptocurrency is like an open world and people are free to use it for whatever they want to use it for. It was created to eliminate the middleman and give control to the users. In this case you will have to be in control of everything and that includes your safety. If you can't project yourself then you should better go back to make use of fiat.
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Enzo05
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December 01, 2019, 05:28:16 AM |
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This is normal right now since when crypto still not in bull run scam is already active. We should be always careful on where we put our investment. Further checking their teams are one of the most important things. You should able to determine if you can trust the team and if they are capable of running their project.
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silversurfer1958
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December 01, 2019, 06:20:11 AM |
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From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
Missing interest in investors is somehow obstacle to growth and further research of dApps projects.
I think, rugulations will solve the topic to great extent, but is there any other way to stop the scamming and not just going away from it?
Please apply your thoughts.
It's a shame to say that our markets operate by people themselves and there is no government or legal intervention. therefore, we must protect ourselves, we are in a small flat world without any protection of any organization. Therefore, in this market, it is very harsh and anyone who keeps a lot of money is also a great success. so we should learn how to protect ourselves better and ignore those trash. Knowledge of investment and trading is indispensable in this market. learn a lot to avoid big losses. |
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Mighty_crypt
Member
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Activity: 784
Merit: 21
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December 01, 2019, 06:25:07 AM |
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During the past few months there has been so many scam cases and this made the investors very sceptical about investing in projets cause there is no guarantee about how genuine any new project is. The IEO somehow brought some level of confidence to them but it is just to an extent.
Yes its true and that is one of the reasons investors are been told to invest only what they can afford to lose, by now i expect investors to be more smarter when choosing good projects |
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soramon
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Activity: 983
Merit: 100
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
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December 01, 2019, 07:32:42 AM |
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I think scam projects are not killing crypto space. They just bringing a bad effect for crypto space. The investor now dont take any risk because of that issue. But yeah scam projects are not enough to shut down crypto.
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