Are the scam projects killing entire crypto space?

[sirminesalot]

It could be a factor. Now, some investors are hesitant but those investors who are really knowledgeable and are good researchers don't make this a hindrance.

with many fraud projects can also make investors frightened and there will be less interest in investing and with reduced investor interest will certainly affect the development of the crypto currency itself because in my opinion the development of the crypto currency depends on the investor itself

[btcdie]

I think in the crypto world there must be a solution to fight scammers, so the crypto space will continue to run into the future.
in my opinion IEO is the solution for now. what the OP meant might be fraud on the ICO project and at this time the solution was born IEO.

IEO is more popular today because it is safer and more profitable. especially what I like where projects are carried out collaboratively by exchanges and project teams. become more trusted.

[shadowduck]

It could be a factor. Now, some investors are hesitant but those investors who are really knowledgeable and are good researchers don't make this a hindrance.

with many fraud projects can also make investors frightened and there will be less interest in investing and with reduced investor interest will certainly affect the development of the crypto currency itself because in my opinion the development of the crypto currency depends on the investor itself

The development of cryptocurrency cannot depend on the investor. an investor can give a lot of money, but if the team is weak and it cannot use this money correctly, then how can it depend on the investor?

[desticy]

Scam projects are undoubtedly a problem, however, it is impossible to say unequivocally that it is scammers who steal money that kill the love and faith of the crypto market for ordinary people and investors.
Rather, an additional incentive for problems is the manipulative and speculative nature of the market itself, which rejects new people from it.
It is not difficult to notice how people with large volumes of bitcoin manipulate the market. It is difficult to predict your investments in such an unstable and unpredictable market.

[Inu.Guren]

Investing in IEO must be safer but not guaranteed profitable to all investors. Because many new exchanges are extinct, they also create thier own IEO program they make cheaper listing fee compared to popular exchange . so they can easily attract new developers to enter in them.

of course if we talk about investing money in IEO from newcomer/small exchange is not guaranted whether get more profit or just waste our money in shit project, that's why investor must selective to choose platform for investing money in IEO

[kaconk]

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with many fraud projects can also make investors frightened and there will be less interest in investing and with reduced investor interest will certainly affect the development of the crypto currency itself because in my opinion the development of the crypto currency depends on the investor itself

The development of cryptocurrency cannot depend on the investor. an investor can give a lot of money, but if the team is weak and it cannot use this money correctly, then how can it depend on the investor?

agree, not only depend on investors. there are many aspects that influence it, such as how the team carry out and expand the project and makes innovations. so that it will make benefical for investors & the project itself and continue to grow.

[nanaimogold]

Scam projects are undoubtedly a problem, however, it is impossible to say unequivocally that it is scammers who steal money that kill the love and faith of the crypto market for ordinary people and investors.
Rather, an additional incentive for problems is the manipulative and speculative nature of the market itself, which rejects new people from it.
It is not difficult to notice how people with large volumes of bitcoin manipulate the market. It is difficult to predict your investments in such an unstable and unpredictable market.

True. We can't entirely say its scammers that wholesomely make cryptocurrency unattractive but we should also point at the high volatility. Bit I think the volatility shouldn't be a problem if scams and negative events that shift tides In crypto can be controlled. The fact remains that frauds, hacks and the likes contribute a major factor to it all. I hope it can be solved as time goes on

[lue wang]

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.

I feel so sad about some legit project when declare that they will refund our investment. By few money that can't run a project. When people investing in scam project and lose money.

[Eildosa]

Yes, it's true. Fraud has become very much and because of them, investors really stopped trusting projects. But in any case, it seems to me that good projects now have less chance, but they can still be found. If the command will work well, I think it is in any case will find their investors.

[Ultimist]

Regulation can help us get rid of scammers. It is necessary that the registration of a new project was quite time-consuming, so that from the very beginning people consciously went to create a new project. Scam was really very much.

[setialovers]

Regulation can help us get rid of scammers. It is necessary that the registration of a new project was quite time-consuming, so that from the very beginning people consciously went to create a new project. Scam was really very much.

I agree that regulation will prevent many scams from happening. With the regulation, investor confidence in the cryptocurrency market can be recovered and the market will only trade coins or tokens that have legit projects.

[huu78]

Maybe very difficult to solve this problem where the cryptocurrency itself is anonymous. If it is impossible to stop scams just by catching them inevitably others will not follow him like that.
New projects now there is no brightness to develop even though the project is good at because investors are not sure to invest their money there. IEO becomes a solution but now it is no longer in demand by them because it also has a big risk. On the basis of investors now prefer to save their money by buying Bitcoins or altcoins that are already old.

[Bim abk]

Regulation can help us get rid of scammers. It is necessary that the registration of a new project was quite time-consuming, so that from the very beginning people consciously went to create a new project. Scam was really very much.

I agree that regulation will prevent many scams from happening. With the regulation, investor confidence in the cryptocurrency market can be recovered and the market will only trade coins or tokens that have legit projects.

for now the best method for investing in new coins is IEO because they offer the security and trust of an exchange to handle new projects, so I think that the problem of fraud for now has been resolved well if there are still investors who are deceived when making investments they certainly don't read about IEO because for now security can be trusted when investing in IEO in exchanges that have good ratings

[marcbitcoins]

Scam projects are one of the reasons of why people that interested on crypto currency investment are keep on diminishing because some of them are now hesitant and afraid to join the investment. Hopefully the government could strengthen the existing regulations to ensure that scam projects could not easily penetrate the crypto market anymore.

[meliodas]

Scam projects are one of the reasons of why people that interested on crypto currency investment are keep on diminishing because some of them are now hesitant and afraid to join the investment. Hopefully the government could strengthen the existing regulations to ensure that scam projects could not easily penetrate the crypto market anymore.

Even without the help of the government in terms of regulating the cryptocurrency market, it is still possible for the scam projects to get prevented in penetrating the cryptocurrency market. The potential investors are responsible in managing their investment and they should not trust the projects that just looks good and they should do a solid background research about the project before they invest so they will be educated enough in investment.

[lousie9]

Almost all of the fraud projects have killed the crypto space, now ico's reputation has been destroyed and many investors either don't trust it or start reconsidering before putting their money in ico. but wise investors always understand about his decision, it's just that I think ico scammed has killed the crypto room.

[Alhamza24]

Scam projects have disturbed the crypto-space. Mostly new investors quickly come with investment decision because they have very little knowledge about how things work in crypto-market. They follow other advise and lose their investment. I think investors should analyze the market trend deeply. They should verify project team members and project whitepapers.

[Coroline]

agree with you in the last few years there are too many scam projects that make people afraid to invest in a project, and that has an impact on a good project, but for now no longer thinking about getting a lot of investors, but the project must really convince investors that the project they are running will develop not only to take advantage for a moment, it is a great way to make investors believe

[Lantind]

Scam projects have disturbed the crypto-space. Mostly new investors quickly come with investment decision because they have very little knowledge about how things work in crypto-market. They follow other advise and lose their investment. I think investors should analyze the market trend deeply. They should verify project team members and project whitepapers.

As far as I know investors always use analysis when investing, even though they hear advice from others, but when investing in a project must have their own thoughts which are based on the analysis they have done, even though they are new investors.

[The3max]

Exactly, there are so many scam projects appearing every day! A lot of bonus investors and hunters are being taken advantage of! The crooks take advantage of the bounty hunters to promote and offer investment to investors! Now it's too late, but there are still many new scam projects coming out, please alert all users!