Are the scam projects killing entire crypto space?

[b1boy]

We as a whole appear to seek after guideline to at long last be liberated from scammers and con artists in crypto space however I do trust the guideline will be that successful atleast somewhat yet mind you con artists can't be 100% killed, they will consistently discover a way, its better to figure out how to keep away from them instead of sitting tight for guideline that probably won't occur at any point in the near future

[tiang_tower]

We as a whole appear to seek after guideline to at long last be liberated from scammers and con artists in crypto space however I do trust the guideline will be that successful atleast somewhat yet mind you con artists can't be 100% killed, they will consistently discover a way, its better to figure out how to keep away from them instead of sitting tight for guideline that probably won't occur at any point in the near future

Agree, it is mandatory to stay away from the scammers, because they certainly won't give us any profit, scammers are always looking for new ways to get victims, so it would be great if we stay away from scammers.

[Bim abk]

We as a whole appear to seek after guideline to at long last be liberated from scammers and con artists in crypto space however I do trust the guideline will be that successful atleast somewhat yet mind you con artists can't be 100% killed, they will consistently discover a way, its better to figure out how to keep away from them instead of sitting tight for guideline that probably won't occur at any point in the near future

Agree, it is mandatory to stay away from the scammers, because they certainly won't give us any profit, scammers are always looking for new ways to get victims, so it would be great if we stay away from scammers.

victims will usually be traumatized by fraud, if they are disappointed with the big they will spread to the people closest to and make crypto trust decreased. therefore we must make a call for fraud projects and also for investors who must be smarter than fraudsters

[MWesterweele]

Now, investors are already wary of similar projects because there is no guarantee that a project can be genuine and that the people behind are true and not fakes and scammers. While everyone here on the thread agree that scam projects are really killing cryptos but there are you that disagrees with it. I think in the future, the crypto market will be more selective, this can be seen in various projects that exist today, the concept what they have created is very innovative and challenging, and I'm sure the project in 2019 will find a strategic market the following year.

Yes, I still do believe in crypto , there is always hope in everything. Due to the awareness of people now, and also we are now be able to distinguish the fake and real ones. But yes it affects the crypto market, traders are starting to lose their fate on it, but still we are here to tell them that they can still trust the process and everything on it.

[royalfestus]

The more you get deep in the space the more you get scared with scam. A large percentage is involved in the scam and manipulation of the market. So much is going on now in the space and is an attempt by the teams to benefit from the next run at all cost, most especially at the expense of investors and traders. More revelations are coming out on the influence of Vitalik to dump Ethereum price which am still struggling to believe. Now investors are very scared to put fund, they are already burnt, except they were properly managed and exited early.

[iv4n]

Scams are killing some investors, it's a tough world and just the strongest survive. Crypto space is not different, while some people cry because they lost money others are earning, when you think about scammers vs their victims is the same as trader who earned and trader who lost, someone needs to be on the winning end and someone is on the losing end, one can't exist without other. And after all this year's of trading against each other, scamming each other, crypto space is alive and well, there are even more people than before, so what that tell you? Crypto space can't be killed!

The market are keep having bad image because of those scammers who keep tarnishing the whole market. The scam projects are the obstacles of the people and it is one of the factors why there are investors who do not prefer to make investment in cryptocurrency market. The victims are keep rising over the time, we can avoid the greedy scammers if we know what we are doing. We should ignore scam projects and focus on projects that can give us profit.

What bad image? Where? What are you doing here then wearing signature? About what you talking about, show me those scammers? Show me scammed people? People are just yelling scammers everywhere they can, but in a fact in 90% cases people made a mistake, nobody scammed them, they made a mistake on their own, but we all know that blaming others is always the easiest way!
So don't give me crap here about victims rising over time, I don't see any victims her. Are you do victim?

[flagpara]

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.

Cryptocurrency price fall, this isn't first time like 2018. By all problem cryptocurrency dump, this isn't means that last 2017, there wasn't any scam project. This is all because of correction time. After this year Bitcoin halving and Ethereum 2.0, altcoins could be ok and correction time will over.

[BintangBuleun]

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.
Kissing 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, many projects currently do not run based on the roadmap they have written. They only write for completeness. In fact, almost one year later missed their roadmap. Actually, the characteristics of fraud projects are easily known. For example, they often change project rules, change the name of the token or coin often.

[BartS]

Now, investors are already wary of similar projects because there is no guarantee that a project can be genuine and that the people behind are true and not fakes and scammers. While everyone here on the thread agree that scam projects are really killing cryptos but there are you that disagrees with it. I think in the future, the crypto market will be more selective, this can be seen in various projects that exist today, the concept what they have created is very innovative and challenging, and I'm sure the project in 2019 will find a strategic market the following year.

I do not see how we are going to have fewer and more selected projects when the whole premise of this market is to allow anyone to see the code of most coins and if they want they can create their own fork by just copying the code and change a few things and say they have created a new coin.

It is inevitable that we are going to have a bunch of bad coins in the market what we need to do is to try to raise the awareness of this problem to new investors so they do not fall victims of those scammers.

[b1boy]

Prior to now, I use to be a major fanatic of IEO because i used to think they are better than ICO and was misfortune to it, after much-bombed undertaking and loss of gigantic speculation, I needed to reevaluate my means and pull back from IEO extends by 80%. It's excruciating to see a promising task even been reported and oversaw by an a Sr Member go misleading because 90% of them are scam

[Apened]

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.
Kissing 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, many projects currently do not run based on the roadmap they have written. They only write for completeness. In fact, almost one year later missed their roadmap. Actually, the characteristics of fraud projects are easily known. For example, they often change project rules, change the name of the token or coin often.

That's a part of it, if they failed to do what are their plan in the project they will going to change its name or rebrand to have a new fresh look or start as it all depends. While other only rebrands for best outcome or they think itnis mich better to use that name or logo like NEO. Rebranding isn't a problem, the problem is they are not capable of doing the project.

[ahmia39]

Prior to now, I use to be a major fanatic of IEO because i used to think they are better than ICO and was misfortune to it, after much-bombed undertaking and loss of gigantic speculation, I needed to reevaluate my means and pull back from IEO extends by 80%. It's excruciating to see a promising task even been reported and oversaw by an a Sr Member go misleading because 90% of them are scam

True, and luck is indeed very difficult to find, because all projects only guarantee success in writing, but they are not able to provide success to everyone in real terms, be it ICO or IEO, even though IEO had become a good land for investment.

[nicster551]

Yes they are,almost all investors in 2017-2019 already have left the industry and forgets about crypto. They just forgets about crypto and find another form of investments. But there's a good result in this, lets say that all investors are smart nowadays, they always dig deep through the project and do their own research.

[BartS]

Yes they are,almost all investors in 2017-2019 already have left the industry and forgets about crypto. They just forgets about crypto and find another form of investments. But there's a good result in this, lets say that all investors are smart nowadays, they always dig deep through the project and do their own research.

Not everyone has left the market but the majority of those that came to this market at the end of 2017 thinking they were going to get rich quickly and that did not cared about this market have without a doubt left the market already and most likely they are never going to comeback.

But there are still many people like us that are still invested in bitcoin and that are never going to leave the market but in order to protect our funds we have left the market of icos forever.

[pealr12]

Scam projects  ,scammers are here to stay, the best thinh to fight these scams is to educate people , especially those new comers in crypto, having knowledge about scams is one good defense.

[Sithara007]

Yes they are,almost all investors in 2017-2019 already have left the industry and forgets about crypto. They just forgets about crypto and find another form of investments. But there's a good result in this, lets say that all investors are smart nowadays, they always dig deep through the project and do their own research.

Not everyone has left the market but the majority of those that came to this market at the end of 2017 thinking they were going to get rich quickly and that did not cared about this market have without a doubt left the market already and most likely they are never going to comeback.

But there are still many people like us that are still invested in bitcoin and that are never going to leave the market but in order to protect our funds we have left the market of icos forever.

Perhaps the bearish phase during 2018-19 helped the market to get rid of non-serious investors and those who wanted to become a millionaire in two days. Even here in Bitcointalk, I am seeing fewer spammy posts (a part of the credit should be given to the merit system though). Those who were serious about cryptocurrency invested their money in genuine coins such as Bitcoin and Ethereum. Those who were not serious, invested in the numerous shitcoins and lost all of their money when the market went down.

[qtronix]

No, the scammers have nothing to do with it. It's just that a lot of new projects have started to appear recently and the competition has grown. Therefore, good projects were lost in the background of many other projects. Investors understand this and they are now less willing to invest their money.

[Peashooter]

Probably yes. Due to the reason that there are lot of existing scam projects recently within the crypto space that have already victimized a lot of crypto users specially those that are new in this space, it cause trauma to them making them to be discouraged or frightened to get engaged into any project which is giving a bad impression and a general idea that all projects are scam which is not totally true because there are still reliable projects though they maybe somehow hard to find.

[Adreman23]

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.

Crypto investors learned a lot from previous hype of ICO"s.  Now they know how to distinguish the scam one or the legit one. If ever there is a new ICO or IEO i think before they invest, they study well and observe the project first. Experience is the great teacher. if the crypto investors did not invest in scam ICO's it will vanish and this is the other way or solution to stop scam ICO's.

[Kambal2000]

Crypto investors learned a lot from previous hype of ICO"s.  Now they know how to distinguish the scam one or the legit one. If ever there is a new ICO or IEO i think before they invest, they study well and observe the project first. Experience is the great teacher. if the crypto investors did not invest in scam ICO's it will vanish and this is the other way or solution to stop scam ICO's.

Yes, because of the fact that those scam projects becomes too stressing and too toxic for all of us, not only for bounty hunters, but also for the investors as well as it becomes vulnerable in exchanges too as they were listing shitcoins which damaging their reputation as well and of course those legit projects also suffer as most people thinks crypto was a big scam.