Why I think all crypto is scam

[o48o]

It sure looks like people want to invest into those, but generalization that every crypto is a scam comes from the mindset that you are not responsible for your money/investments. There are real products, some roadmaps are on the schedule, some projects deliver. What they are worth depends on the adoption and markets.

If people keep losing because they are greedy and don't want to study the projects, i am not sure who really is to blame. That kind of action just feeds more bad projects and scams and naturally worthless projects will flood the markets because there is markets from them it seems. I can see some projects in the top 100 on the coinmarketcap that are not needed imho, they just don't know it yet and markets full of of gullible idiots are keeping them up there for now.

Now i know that we should be doing more on blacklisting bad products, but how are we going to do that? There are no centralized regulated site with a consensus that decides  what's good and what's not. And why there should be?

[kambaralikhan]

That's why I keep on repeating that there should be seminars of awarness to educate people about crypto currencies and scammers identification because cryptocurrencies are wholly new thing and many people have no idea about it. All they know is this that someone bought BTC at minimal price few years ago and now they have become billionaire, this is point where scammers enter and they fool innocent people by offering them opportunity of investment, take the money and run away.
I agree with you to very much extent but there are some other factors as well why people have started thinking cryptos are scam, One reason is the lust of making fast and easy money (Short-termism) that's why Scammers are landing into crypto world and they cash the perspective of people about cryptocurrencies as people consider cryptos as an opportunity of becoming millionaire over the night. Stability is everything, massive rise and fall discourage the new investors and cryptocurrencies can never be stable if they are considered as mechanism of making fast money. Speculators will never stop to manipulate the market and everyone will start believing that Crypto Economy is highly volatile. The only way how cryptocurrencies can be seen legit is this that the mass adoption and use in daily life like USD.

[Novatech8]

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.

Come to think of it if you can call crypto a scam then fiat is also a scam, i think for the past 9years now all that is happening around crypto is experimental, there will come a time that very few coins will survive and will be used globally so i won't consider that all coins are scam, we are still in an earlier stage for all coins

[chaoscoinz]

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.

A lot of projects just might be considered scams. I really don't think every project is a flat out scam. I think we're in a new sector within finance and only a few out of many are going to make it in this new industry. The market is flooded with ICO's, airdrops, forks. and giveaways. The majority of them just might be a scam as you say, but surely not all of them? I think that there has to be some legitimate projects out there, just not every legitimate project makes it out of their initial starting gate. I think that Satoshi must have foreseen some of these things (to a degree) and went ahead and made it open source code anyway after thinking it through.

[bonyaserg]

Personally, my opinion on cryptocurrency. This is a new system of financial transfers. And cryptocurrency has a very great potential for the development of new technologies. And those who believe that cryptocurrency is a fraud, this means that these people have never encountered or used cryptocurrency.

[royalfestus]

I have seen this scam speculation of 99% every where but does it look to be true? looking at our exchanges and number of token listed though some are dying and some dead but 99% looks inflated. The price dump affected a large percentage of the market but the top 100-200 looks healthy over a time, lets not forget that the top projects on the CMC are there base on marketcap not how healthy the project is. Bitcoin maximalists are top beneficials of altcoins but they speak so bad of this altcoins every time.

[pobeditelvezde]

I seem to have involved myself in the "holy war" discussion in which I would rather not to take part in usually because there are a lot of consistent arguments from the both sides and actually there is no gold decision of this problem.
What about me, I consider that cryptocurrencies are quite useful for various tasks and there are plenty of arguments to use them. Furthermore, in fact cryptocurrencies are not different from fiat currencies concerning the most crucial parameters (but not by all, of course). I consider that everybody can figure out what cryptocurrencies are and eventually make a right decision for himself either to use cryptocurrencies or not.

[diazepam666]

You cannot judge a book by its cover, as like that even in the group of field also you need to to examine every project value plan to invest are being part of the project in any aspects.
Most of the investors and bounty participants does not do that and blame the good projects also a scam. Instead of just complaining if you try to explore as and learn more about the projects then there won't be any scam trap for you.

[Menawi12]

In the cryptocurrency market, there are more than 4000 types of crypto including bitcoin or altcoin. Among the many projects, it is not surprising if there are projects that are scam or die but not all coins die or scam. Examples are Bitcoin or ethreum, coins that have the largest market cap value and have also begun to be recognized as digital assets

[samuraijin]

I think the same with this thread, I usually often find crypto projects that hold ICOs by posting fake employee or team photos, I often see their linkedin profiles with little connections that don't even look active or take pictures from Google, it's not very cool, The road map used to be used for investors to see the honesty of the project running on time, but unfortunately many projects that skip it often even delay and make changes to the road map, so many SCAM crypto projects in the previous year, now no longer seen crypto projects with ICO

[Cherylstar86]

I think the same with this thread, I usually often find crypto projects that hold ICOs by posting fake employee or team photos, I often see their linkedin profiles with little connections that don't even look active or take pictures from Google, it's not very cool, The road map used to be used for investors to see the honesty of the project running on time, but unfortunately many projects that skip it often even delay and make changes to the road map, so many SCAM crypto projects in the previous year, now no longer seen crypto projects with ICO

As time passed by many of us want a legit projects though it takes time to assure everything since scammers are so rampant here in crypto currency community. I believe that there are still legit projects here and even those staffs trying to convince those users that they are legit and work loyalty. I would say much better each of us must attentive and take too much time to research a project that can be supported by many here in crypto currency community.

[PuertoLibre]

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.

There is no need to use these features today, the projects think in terms of future needs in society. If there are alternative projects which compete with each other, it will be bullshit to use the same idea with few modifications on the project. The young crypto market will grow and the crypto ecosystem will take its place as a major player, those times will be the good timing for starting the adoption by the traditional financial system.

[Xcode7]

I think the same with this thread, I usually often find crypto projects that hold ICOs by posting fake employee or team photos, I often see their linkedin profiles with little connections that don't even look active or take pictures from Google, it's not very cool, The road map used to be used for investors to see the honesty of the project running on time, but unfortunately many projects that skip it often even delay and make changes to the road map, so many SCAM crypto projects in the previous year, now no longer seen crypto projects with ICO

As time passed by many of us want a legit projects though it takes time to assure everything since scammers are so rampant here in crypto currency community. I believe that there are still legit projects here and even those staffs trying to convince those users that they are legit and work loyalty. I would say much better each of us must attentive and take too much time to research a project that can be supported by many here in crypto currency community.

I also believe that there are still legitimate projects even though at present most of the projects are fraudulent and there are other projects that cannot succeed in getting funding. I'm still waiting for a legitimate project to dominate investment again in the market

[Serco]

I think the same with this thread, I usually often find crypto projects that hold ICOs by posting fake employee or team photos, I often see their linkedin profiles with little connections that don't even look active or take pictures from Google, it's not very cool, The road map used to be used for investors to see the honesty of the project running on time, but unfortunately many projects that skip it often even delay and make changes to the road map, so many SCAM crypto projects in the previous year, now no longer seen crypto projects with ICO

As time passed by many of us want a legit projects though it takes time to assure everything since scammers are so rampant here in crypto currency community. I believe that there are still legit projects here and even those staffs trying to convince those users that they are legit and work loyalty. I would say much better each of us must attentive and take too much time to research a project that can be supported by many here in crypto currency community.

I also believe that there are still legitimate projects even though at present most of the projects are fraudulent and there are other projects that cannot succeed in getting funding. I'm still waiting for a legitimate project to dominate investment again in the market

it hard to find this kind projects, maybe only 5percent from total new projects occur in market were legitimate. And 95% left were shit projects that take our money. Investors now not interested anymore in Ieo or anythingelse.they prefer buy and hold major coins such as bitcoin or other altcoin. Its saver than we Investment in new projects that we dont know its quality.

[wildan88]

You cannot judge a book by its cover, as like that even in the group of field also you need to to examine every project value plan to invest are being part of the project in any aspects.
Most of the investors and bounty participants does not do that and blame the good projects also a scam. Instead of just complaining if you try to explore as and learn more about the projects then there won't be any scam trap for you.

but I think this thread has a point. yes, I also learned from my experience, I was also getting too many shit coins aka scam projects. I hold some of altcoins, from the results of the bounty and even some I bought, but now everything is minus above 70%. even some good projects, in the end, they could not develop properly. like the ICOs bounty at this time, many are not successful because investors no longer trust on ICO or any project. You can see, it's so difficult now to get money from a bounty, and even some bounty managers join cryptotalk, because there really isn't a good project.

[d3nz]

Not really. There are cryptocurrency that is legit and they are developing the technology, features for payment, and more partners. And we all know that the reason why all cryptocurrencies value are going down and it is natural.

And only invest in top 20 cryptocurrency because they have more potential to rise the valur in future and make a lot of profit but of course you need to buy a lot of  coin/token first.

[nutriagrigia]

Not really. There are cryptocurrency that is legit and they are developing the technology, features for payment, and more partners. And we all know that the reason why all cryptocurrencies value are going down and it is natural.

And only invest in top 20 cryptocurrency because they have more potential to rise the valur in future and make a lot of profit but of course you need to buy a lot of  coin/token first.

TOP 20 cryptocurrencies? this top changes so quickly during the bull market that you can’t even imagine what will happen in the future with the coins that we see now in the top 20

[bigvito19]

Cryptocurrencies: 4,836 on the market right now, majority of them are shit coins, just sucking up the market cap  .

[crisanto01]

It depends on the person perception, for some that was victim of scam, cannot understand trading, didn't earn from bounty, didn't understand the technology and what blockchain, smart contract really is. But for the opposite person, those who are earning from those stated, for those who earned a lot from investment has a positive feedback and they think that crypto is not a scam at all but it is a modern 'gold'.

[Soots]

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.

Yep those roadmaps bullshits only if those developers keep on extending it. Why did they put a roadmap if it will only be extended without any valid reasons. Those legit projects does not do that, they stick to what their roadmap is set an I can say is not all crypto but mostly there are.

Probably roadmaps are created by these developer in order to attract investors, but in reality it was crappy thing. That's proven reliable on some selected projects, and I don't think the latest one provided an honest updates. Mostly scam projects only used it to promote a project, but no active market is going to launch.