Why I think all crypto is scam

[setialovers]

Scams can be in any form and can not be avoided and this happens in all markets including stock or forex. With the number of coins and tokens traded in the market reaching more than 3500 types of coins and tokens, then to select them, we must first research. Not every coin or project is a scam because it is proven that in the top 100 coins attract many investors and already have a product

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[uneng]

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You have said many real facts, but we can't generalize all crypto are scam, maybe just 99%.
I think at this point these projects you listed only attract people who want to earn stakes to promote them, because real investors who are looking for serious and rentable investments and want to invest nice amounts of money avoid these crypto currencies. This industry is losing too much credibility because these fail projects that just make people waste time and money.

[Aabcde]

Yes, I think so too. Because in fact developers and investors have similarities and differences. They are both looking for fast cash by using the crypto. The difference is that sometimes there are developers who really build their projects without making a profit at the beginning. While investors only focus on profit and profit.
On the other hand, sometimes the use of crypto in the real world is not seen. Perhaps this is because the adoption of crypto has not been widespread and there are many restrictions from various countries on their people. This is what sometimes makes me think whether crypto is just a camouflage for developers to seek profits in an easy way.
Maybe this could just be a matter of time for the crypto world to be implemented well in the real world. I just hope bitcoin can continue to exist with good implementation to real life.

[karanggatak]

Those are the strategy that they are making, they want to look it legit when their purpose is just to scam.

however, I won't agree with you that all crypto are scam because there are still few that survives until now which they get the people's trust and support.
Take it for example, Binance coin, IIRC, they also had an ICO following the same scenario you've mentioned, but where they are now, they have a real used case of their project, their exchange is very popular and we using it now and benefiting from it.

yes, I agree with making a good road map of them or sometimes they also promise to take a big prize to be able to attract investors and then they cheat investors.
but I also believe that not all cryptos are scams. there are some crypto originating from the ICO project but can be successful and survive to this day such as ethereum, waves and binance. so even now I still believe in crypto. Not all crypto scams.

[Asuspawer09]

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers? 

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

If you are talking about ICO's and dead altcoins in the market almost all of them are already dead in the market and don't have a market value.
Also, not all crypto is a scam there are still a few legit tokens just like some of the popular tokens today in the market just like bitcoin, ethereum, etc.
A lot of new tokens end up dead and also the roadmaps are just predictions of what could happen and what they are planning in the token it is not guaranteed because they cannot control the market value of the token in the market. The programmers can create a good enough token that could potentially have good market value but most of the time after the ICO the team of developers will forget about it.

[ecnalubma]

Its a sad reality, but we will see after ten years if some establishments will adopt them. We really don't need bunch of coins but we only those who really can perform and serve better. Yet we can't deny the fact that crypto is still in experimental level it takes more years to consider a real deal.

[LouVandetta]

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers?  

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

You could say that, more or less what you've said got a point there. With no real development and meaningless actions that what makes investor kinda doubt ICOs and such.
They're just copying other projects ideas and improve it a little with a bit of fancy words. And how easy it was to create one project without further studies. They just throw everything in the announcement and roadmap but it holds no meaning. Even though not everything are a scammed, but the majority of them were scammed ones especially new ones or at least cannot be advanced further.

[starluh1016]

Maybe you can rephrase your title into "90% of crypto is scam" because I really believe that not all crypto is scam for example bitcoin if this is scam then why would many government and countries are allowing this digital currency to circulate? Even people into government positions are holding bitcoin, and if you really believe that cryptos are scam then why are you still in this forum?   

[NathanJB]

The things that you mentioned are 100% true. You have expressed it rather accurately and powerfully also. But I don't think you should end up with the title all crypto is scam. Bitcoin is crypto. Well, I know you know that. Ethereum is crypto as well. What I want to say is that in this world of scams, there are some that are not. Those which started everything and those that came earlier than the rest are more legit than the majority of those who came late.

[robelneo]

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers? 

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

That's the reality I can give you a lot of coins like that, but at least they developed their project, they seem to lose motivation to move forward because it is not being adopted, and it fails their expectation, some of these coins targeted a wrong industry to create a token and they failed to gain support, developers should also do a research or feasibility study, not only building a coin for that industry because they want to be the first one to do so in that industry.

[inanilujimi]

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers? 

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

why are you still here if you realize that all crypto is a scam ??

what about altcoin which is in the top 10 cmc?
aren't they all real ??

[btcdie]

I think for the last time there has been a real movement to anticipate being scammed. whitepaper, roadmap, website, and wallet can all be made easily. just simply copy from a previous successful project. I think legitimate projects are usually very active in the real world rather than spreading events on the internet. if you let this all crypto reputation will worsen, at least there is a compact movement among crypto fans to fight this scammed.

I agree more with projects that are active in the real world, because this is purely a project that dares to face the public.

[Taskford]

First there is an announcement, then there is 3 year Roadmap,
extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them, there is no real need for them.
A team of good programmers could develop a blockchain which can replace banks and paper money
in a month. Another month for testing and another month for setting up nodes across the globe.
The main point behind all this is: who controlls these programmers? 

Voilla. it is that easy.That is why I think all these announcements and Roadmaps are bullshit.

Those you have encounter these day are totally bullshit and no one of new coins/tokens became reliable since they are just been created to scam and maybe if you want to do a safe investment try to go to the top coins and don't look with those what you are listed since for sure they will rekt your expectation.

But also you shouldn't generalize all since there are crypto who still do a good performance it's just you go on the wrong way that's why you are confused on things about it.

[crwth]

I will list the possible reactions of newbies compared to the veterans with regards to these types of announcement.

First there is an announcement, then there is 3 year Roadmap,

Newbie:Hmm. Another ANN, is there a bounty?
Veteran: Another shitcoin

extended each year with meaningless additions, fake recruiting of
employees, trade interrupts, software announcements, wallet updates, changes
quizes, games, givaways, airdrops, forks, ICOs etc, etc, etc.

Newbie: They wouldn't scam bounty hunters, they are just doing re-management.
Veteran: Excuses

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.

Newbie: Wow, new technology! Let me invest my savings
Veteran: Another copy cat coin, SKAM

The main point behind all this is: who controlls these programmers? 

You know that there are a lot of people who are getting fooled by these said scammers with their projects. Only a few remaining left and it would be hard to trust anymore. I think these kinds of projects, which are a scam, are the reason why they think Cryptocurrencies are SCAM in general, which is not. I know someone who lost 20K USD with that, it's sad to see that because I saw the look in her eyes and full of regret.

[ajiz138]

The one controlling the programmer is money. They only work as instructed by their superiors. Regardless of the scam or original project. many cryptos are talking empty with the inappropriate Roadmap announcements, even the Roadmap is only halfway.

All depends on the interests of investors and the capital owned by the project. Even though the project is original and has good innovation, but it does not guarantee success and get the attention of investors because there are currently many scam projects.

[adjed]

I get your point but I think you should change your wording from "All Crypto" to "All ICOs".. If you mention Cryptocurrencies in general, then you are referring to both Bitcoin and Ethereum as well and even though this pains me to say... "EOS".

There are good coins out there and they shouldn't have to suffer for the sins of the shitcoins which we chose to invest in hoping that it would turn out to be the next Ethereum and make us rich beyond our imaginations.

But I couldn't agree more with your views, many projects has their eyes on one thing and one thing only... Money. And some would even develop their products, build whole Blockchain and go to the extra length just to look genuine and gain trust and they dump their tokens on investors.

[Drai]

There are some pretty genuine projects out there that aim to just develop blockchain and not have their eyes entirely on money and what they could gain from it, these are the die hard fans of blockchain technology, but I am realistic enough to know that this is just a very little percentage of the whole pool, less than 2% of the whole pool... And the search for this 2% always tends t make people fall for the wrong projects over and over again. But it's nice to see that investors are finally waking up to the reality as this is why the ICO market is dying.

[hirngespenst]

Though you are right, but some projects really trying hard to make a big step in the crypto world. I have seen some projects who keep updated their community with all the latest updates about their products and use case! Though most of the projects failed later, but we can't ignore their hard work. Many good projects already achieved what they deserved! Like ONE, MATIC, TOKO are new projects but if you follow their update channel then you know they are trying to make the vision possible!

[Finestream]

Those are the strategy that they are making, they want to look it legit when their purpose is just to scam.

however, I won't agree with you that all crypto are scam because there are still few that survives until now which they get the people's trust and support.
Take it for example, Binance coin, IIRC, they also had an ICO following the same scenario you've mentioned, but where they are now, they have a real used case of their project, their exchange is very popular and we using it now and benefiting from it.

Yes not all crypto are scam, new projects are most likely to become a scam. Saying a good project on day 1 is too risky, you must test the water first for you not to lose big. If the project extended so many times and keep on promising, then its a scam. There’s a lot of established crypto already and to make money with them is very easy so its not a scam not unless you are fooled and be a victim of scammers.

New or old projects could be scam as well, there are projects that looks legit in the beginning but actually they don't have a good future plan and they just stop and leave the market, there is no assurance, even if we think that a certain coin we are holding are legit and has a potential in the future, we can never ensure that by holding it longer, it will guarantee to make us profitable.

There's still a big risk in investing here, but at least we should know when to get in and get out, that's how the best strategy to apply.

[tinyteapot]

I've seen several coins with great tech which is perfectly quick and secure, anonymous (or not) and safe.
They all have mobile wallets and wallets for every OS.
Despite this fact they cannot be adopted. Nobody wants to use them

This is a fact and it happens mainly because great project developers does not have enough capital to push their project up to the public acceptance level but bad project often have more than enough capital to do anything ranging from advertising to users embracement.

Roadmap is necessary for all project either great or small, you need to tell your audience where you are taking your project to at a specified time frame, your faithful commitment to the road map is a different thing entirely.