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Author Topic: could it be most project don't succeed?  (Read 1270 times)
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TheGreatPython
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November 11, 2019, 05:07:35 PM
 #81

Ico is almost completely gone and Ieo is not doing too well either so now look at it this way. Investor has declined on the both at least not as they used to before so even if a project is good low investors can affect it
Until there is a regulation before we can fully win the trust of the investors again, because many investors are so much scared of joining any cryptocurrency now because of the bad developers that we have which is classified into two categories, the same one and the ones that have no slight idea about project other than just creating what they will use to raise fund and then abandoned the project in the future.

I think that it will take a lot of very positive thing to really trigger the heart of people again to begin to start investing in ICO project ones again. IEO is what is even still surprising to me, because it seems like binance has even abandoned the idea as I don’t see them releasing any project again since the last two they released months ago.

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November 11, 2019, 05:35:59 PM
 #82

Indeed, the majority of projects won't even collect their soft caps and when they do, they would likely fail to keep the price on the same level as during the token sale. This is sad, but true and we cannot do much about it on such a market.
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November 11, 2019, 06:47:38 PM
 #83

Bitcointalk is a forum and everybody can post whatever they like, fortunately there are rules and guildlines that guild each postings and there are administrators who help ensure that those rules are followed but we cannot hinge everything on them, like when projects are posted in the forum, there are some kind hearted people that volunteer themselves to researching on new projects and ensuring that they are not scammer, obviously they cannot research on every project posted, they are only human, but you could also volunteer to assist them as well.

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November 11, 2019, 08:11:47 PM
 #84

This is 100% possible, I have heard of many that couldn't hit both soft and hard cap and they can't proceed with development without having funds to start up with, so many projects have had this issue of no fund or low fund raise. It's normal thing in Cryptocurrency.

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November 11, 2019, 09:10:42 PM
 #85

This is 100% possible, I have heard of many that couldn't hit both soft and hard cap and they can't proceed with development without having funds to start up with, so many projects have had this issue of no fund or low fund raise. It's normal thing in Cryptocurrency.

Yeah I have already made myself available and I m also doing some research about some project I found recently and I will give feedback once is confirmed.
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November 11, 2019, 09:30:46 PM
 #86

I think earlier 2010 to 2015 there were no scam project even if there's, is just 1% but now is +-50%
This is true.  I don't remember there being so many ico scams until about 2017 when bitcoin was exploding along with altcoins.  People obviously saw the interest in crypto, and the more unscrupulous ones took advantage of that and started creating these projects with iffy ideas that never had a chance of succeeding even if they were legitimate.  Some of the project ideas were downright stupid and others were obviously scams, but the upshot is that 99% (at least) of projects that end up with a token being created are scams.

As far as what can be done about it, I'd like to point out that there are a lot of members here who actively expose the scammers.  If you take a look at the scam accusation section, you can see some excellent detective work happening, with fake or plagiarized whitepapers called out along with nonexistent team members using stolen photos from the internet, kyc at the end of bounties, and every variety of nonsense you could think of. 

I think that's about all anyone can do aside from not investing in or promoting these projects.  Unfortunately bounty hunters are desperate to earn money and investors love to gamble on what they think might be the next bitcoin.  This won't stop until people start realizing how bad the situation is.
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November 15, 2019, 10:23:11 AM
 #87

Indeed, the majority of projects won't even collect their soft caps and when they do, they would likely fail to keep the price on the same level as during the token sale. This is sad, but true and we cannot do much about it on such a market.
Most new ICO projects don’t hit their soft cap again because of the investors that are so scared of releasing their money to them now after scammer has scared them all away. Before any good project can be able to meet up with their soft cap again now would be when we have regulations in the crypto space, so that it will guide against all these scammers and will bring back the glory of ICO again.

Project cannot fully build on softcap because it would not get them to anywhere, and I think any project that is only able to raise softcap should not risk continuing on the project again, but just refund the money of the investors as the project will definitely fail as a result of lack of money that is enough to carry on the project to a standard.

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November 15, 2019, 11:53:28 AM
 #88

The challenge is in that but the responsibility is always to people who are not paying a close attention to the project they are joining in. Project who will be found and proven guilty with a said case are being punished accordingly. Besides it is not a single project out there who do the same thing, they are way too many to be handle at the same time. And it is not always about what should be serve, it is sometimes about the people who is looking for the project that must act and do their own research to avoid getting scammed.
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November 15, 2019, 01:06:39 PM
 #89

You need to understand that hype and the desire for quick profit has created a whole niche for scammers, we would not get away from this. There were a lot of projects and the forum was not really possible to track everyone and everyone. We all participated in the revelations of swindlers but only they were often ahead of us. It took time to understand who the scammer is and who is not but in 2017 it was difficult to talk about it.
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November 15, 2019, 03:15:15 PM
 #90

This is an open platform of which projects will be posted at all times and there might be away bitcointalk can prevent people form posting  on the platform, but there are knowledgeable experts on this platform who are knowledgeable in the authenticity of the project and can tell the difference between a real project and scam project then warrn people accordingly to stay away from su h projects.  That's the viable way to reduce scam projects from geijg

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November 15, 2019, 04:17:16 PM
 #91

You need to understand that hype and the desire for quick profit has created a whole niche for scammers, we would not get away from this. There were a lot of projects and the forum was not really possible to track everyone and everyone. We all participated in the revelations of swindlers but only they were often ahead of us. It took time to understand who the scammer is and who is not but in 2017 it was difficult to talk about it.


that true sir, I just found a project today and it has no team members do you think this is legit for bounty hunter to participate and possibly invest on the project??

please find the reference link: https://bitcointalk.org/index.php?topic=5201795.new#new
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November 15, 2019, 04:21:36 PM
 #92

This is an open platform of which projects will be posted at all times and there might be away bitcointalk can prevent people form posting  on the platform, but there are knowledgeable experts on this platform who are knowledgeable in the authenticity of the project and can tell the difference between a real project and scam project then warrn people accordingly to stay away from su h projects.  That's the viable way to reduce scam projects from geijg

thanks for your feedback,
you know it's obviously said that learning never ends, so we learn everyday from the leaders in the forum they also help us track down some projects just as you have said. carefulness matters a lot.
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November 15, 2019, 05:12:47 PM
 #93

Is there no other ways BTT can track and trace such people posting such project in the forum?

This forum is free for everyone including those scammers whether you like it or not. I know there is a way to trace those scammer but the question is what are you going to do after you caught them? not so sure if you can put them in jail because as far as I know there is no criminal case yet for scammers in crypto-space. The best thing to do for now is report them on this forum and see if they are connected in different projects.

 
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November 15, 2019, 05:23:03 PM
 #94

This is an open platform of which projects will be posted at all times and there might be away bitcointalk can prevent people form posting  on the platform, but there are knowledgeable experts on this platform who are knowledgeable in the authenticity of the project and can tell the difference between a real project and scam project then warrn people accordingly to stay away from su h projects.  That's the viable way to reduce scam projects from geijg

thanks for your feedback,
you know it's obviously said that learning never ends, so we learn everyday from the leaders in the forum they also help us track down some projects just as you have said. carefulness matters a lot.

No one in this forum help the users to learn something because there are plenty of strategy already there in the market to learn as well as earn cryptocurrency but no one here to you say those steps to newbies.
Especially in the cryptocurrency field personal exploration is playing major role then and other things.

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November 16, 2019, 02:53:30 PM
 #95

This is an open platform of which projects will be posted at all times and there might be away bitcointalk can prevent people form posting  on the platform, but there are knowledgeable experts on this platform who are knowledgeable in the authenticity of the project and can tell the difference between a real project and scam project then warrn people accordingly to stay away from su h projects.  That's the viable way to reduce scam projects from geijg

thanks for your feedback,
you know it's obviously said that learning never ends, so we learn everyday from the leaders in the forum they also help us track down some projects just as you have said. carefulness matters a lot.

No one in this forum help the users to learn something because there are plenty of strategy already there in the market to learn as well as earn cryptocurrency but no one here to you say those steps to newbies.
Especially in the cryptocurrency field personal exploration is playing major role then and other things.
This forum is a great source of learning and I also don't hold the same opinion as you regarding help. Members of this forum have always responded to all sort of questions to best of their knowledge and capabilities. You can ask any sort of question that confuses you, and will get a good answer. This is also not possible to give a whole lecture here but some good references and will be given for sure.

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November 16, 2019, 03:39:06 PM
 #96

In my opinion, it is very important to evaluate and analyze every single solution, having a look at both the idea, the prospects, the industry and value solution brings
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November 16, 2019, 03:40:06 PM
 #97

In my opinion, it is very important to evaluate and analyze every single solution, having a look at both the idea, the prospects, the industry and value solution brings

Good afternoon there mate. I would say that I fully agree with you here. And in my opinion, another important point is the working prototype. Are you having many advanced solutions you are following that meet your requirements in mind?
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November 16, 2019, 03:47:24 PM
 #98

Good afternoon there mate. I would say that I fully agree with you here. And in my opinion, another important point is the working prototype. Are you having many advanced solutions you are following that meet your requirements in mind?

I wouldn't say that there are many, cause, again, meeting requirements is a very important aspect. So probably the most attractive platform these days I am following is Verasity (VRA token) - heard of the guys already? They are in very high demand these days
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November 16, 2019, 03:48:35 PM
 #99

I wouldn't say that there are many, cause, again, meeting requirements is a very important aspect. So probably the most attractive platform these days I am following is Verasity (VRA token) - heard of the guys already? They are in very high demand these days

Verasity sounds very familiar. Aren't they trading on Binance DEX?
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November 16, 2019, 03:54:13 PM
 #100

Verasity sounds very familiar. Aren't they trading on Binance DEX?

Yes, absolutely. And moreover, the are one of the most promising tokens on DEX, having incredibly high volume. By the way, have you already heard of Binance Community Listing program? The main sense there is giving community the opportunities to vote for most advanced and promising solutions to get listed on Binance. And VRAB is having very high chances right now
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