Why I think all crypto is scam

[masterrex]

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.

I think your Thread title is confusing and out of context "Why I think all crypto a scam" honestly do you believe all crypto is a scam, and then why are you here at the first place, Buddy we cannot deny that most of the projects today are just copycats and already done by other platforms, But there is a lot of cryptocurrency that brings a true change and true use case that quite beneficial to our time. that's why i don't think all cryptocurrency is a scam.

[StephenJH]

You are right, all this is meaningless in terms of the implementation of these ideas, if they are not actually used. Mainly, various announcements to improve the project lead only to fluctuations in the value of its coins, and the introduction into the infrastructure of cities and countries does not occur.

yes, they only use fluctuating coin values ​​to get more money. Even though the project developed is quite good and can be a new innovation for the progress of city or state infrastructure. The project is only in the form of a roadmap and objectives that were never achieved. Always provide speculation about the success the project will achieve.

It is quite obvious that projects have a roadmap for future events and it is pure speculation to make an investment based on the whitepaper, team, and roadmap. The team will achieve this goal or not is question of another theme and the intention by the investors is clear at this point. They choose scam-free projects before investing but it doesn't prevent the purpose of the wise scammers from my experience.

[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

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.

well sometimes there are many review sites about ICO and IEO out there that haven't committed to rigorously assess projects that are truly genuine, sometimes there are still many sites that only add false ratings as long as they are paid for by the project, so I find it hard to find an original project if all review sites also work only for money without having a commitment to include truly original projects so people can invest

[doomistake]

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.

The title is very misleading, I'm going to believe OP and others who agree with him if he said "Most of Altcoin's Projects are scam", because there is only one thing to save cryptocurrency from your judgment, or your conclusion without any solid proof to support your statements;

If all of the cryptocurrencies are scam, why are you guys still here in this forum wearing signature campaign? I mean you could contribute here in this forum without wearing one, but you've chose to wear one. I'd like to hear your opinion about this.

[Ducky1]

Undoubtedly, many crypto are scammers. But there are also successful projects that are hindered by some factors, regulators, the price of bitcoin, and so on.

[nicecrypto]

I think the vast majority are in for a quick grab of money, only very few ones are almost legit although they are still trying to survive so it is kinda hard to differentiate the legit from the non legit projects,

i also think that people are expecting too much from this project withing the shortest possible time hence the reason we are experiencing this size of scam projects everywhere,

any project with no fancy white paper and some elaborate road map, most people don't tend to take them serious, so you can't blame the smart ones who knows how to package properly

[makolz26]

I think the vast majority are in for a quick grab of money, only very few ones are almost legit although they are still trying to survive so it is kinda hard to differentiate the legit from the non legit projects,

i also think that people are expecting too much from this project withing the shortest possible time hence the reason we are experiencing this size of scam projects everywhere,

any project with no fancy white paper and some elaborate road map, most people don't tend to take them serious, so you can't blame the smart ones who knows how to package properly

Having a fancy whitepaper and detailed road map doesn't mean that they are already legit, had some encounters wherein they have massive campaign, they do have great whitepaper that is very actual, or that it can actually answer everything you need to know, they have good road map and it can blow your mind, and they even reached their softcap but still turned out to be scam and they run away.

[bettercrypto]

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.

3 year roadmap and invisible product. Most of crypto are like that but not totally all because there are still cryptocurrency that are usable and they valued their investors. Some of them have product also just like exchange. However, only few projects succeeded when time goes by and even they are all have products they are still dying because of few investment.

[wajik-tempe]

I think it's also because of the side of the investors because most of crypto investors are just want a quick profits so they will move into many several projects in a short time, that's what make the previous projects are stop developing because they left by the investors because the investors are moving to new project that can produce quick profits.

[smyslov]

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.

And it took us two years and millions of investors money, to find all this out, what a waste of time, and money that is why ICO are ignored now, so many coins has become a pump and dump, there used to be a popular trend in the ICO, and these are the exchanged based token because of the success of Binance, now all these exchanged based token are now useless, no traders no volume, cannot even reach the top standing.

[bitLeap]

I think it's also because of the side of the investors because most of crypto investors are just want a quick profits so they will move into many several projects in a short time, that's what make the previous projects are stop developing because they left by the investors because the investors are moving to new project that can produce quick profits.

Yupz, you are very popular, a project can develop and success depends on the number of investors, so what should be prioritized for a project is how to attract investors to the project.

[Serco]

I think it's also because of the side of the investors because most of crypto investors are just want a quick profits so they will move into many several projects in a short time, that's what make the previous projects are stop developing because they left by the investors because the investors are moving to new project that can produce quick profits.

core team  stop developing their projects because they have no idea about their plan in future. there is no correlation between investors and projects stop. we could look at their token sale , they collect much money from this. so if investors left their projects and start selling token, developers team still have many fund in their wallet. it depend on their will , if they give up  although still have reserve fund  ofcourse they stop it . and ended with exit scam strategy .true developers team will continue although they have limited fund.

[agentx44]

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.

We all experienced regrets for believing on a certain project when we started believing on the roadmap and announcements that was posted in there. We can consider those things as a bait for investors wherein the more believable your roadmap is, the better the profit coming from money thirsty investors. We all want to be involved on a successful project but most of us just plainly want profit, we cannot blame them, money is very essential nowadays. It's hard to trust these days but crypto is all about risks so we have no choice but to gamble.

[Oyimeelijah]

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.

To have actually hit the nail on the head of crypti is actually commendable and very impressive. I have been accuse of teaching my students of the nagative aspects the new projects are bringing into crypto. They are twisting the ideas of existing projects, rewriting whitepapers and they even go as far as employ same private developers just so we can invest and they can keep extending their roadmaps.

[Mulann2]

People seem to understand the way this project owners are manipulating investors more better now, someone will wake up one morning and create a coin, wp, roadmap and then expect people to invest in this dream that could never turn reality,
now, i can only support a project with campaigns but never again with money, at least not this period when the market is filled with empty promise project,
my only invest now will be on btc, case close.

[alt-fire]

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.

Sure, a  lot of project just spend money for own needs. But if you talk that all crypto is scam, it means that Bitcoin is scam and Ethereum is scam. I am not believe that it is true. A lot of poor in past peoples get a huge profit thanks this "Scam".

[Kevondo]

I agree that fraud in cryptocurrency takes up a lot of space but on the other hand, many of them are not scammers at all, they are rather incompetent and inexperienced crypto enthusiasts who thought that they would succeed but in practice it turned out differently.

Being fair, just because most of the projects come out to be scams does not mean we should ignore the efforts of real projects that have been with us for years. I have same perspective in this matter. We cannot deny how bitcoin produced millionaires at young age. We cannot deny the fact that crypto currency is new face of money. Moreover, this scam issue has recently become a nuisance and people are becoming aware of them.

[spadormie]

A team of good programmers could develop a blockchain which can replace banks and paper money

I agree on your statement above but except for this. Why ICO projects are in need of marketing people? They need them because they need marketing for the business, they need them because ICO project should have a real project or a physical project. It's not all about programming. If it's a group of programmers then I can consider it as a scam since I'll immediately consider that as a ICO that does not have a physical project.

You definitely misunderstood what the OP was referring to because he talking about the crypto community not needing most of the ICOs, IEOs and STOs project because some of them are just imitating previous concept launched by a project long ago all for the purpose of enriching their pocket.

Oh so that's what this is all about. Thanks for reminding me that, that's how it is. It's true that many projects are getting concepts of a launched project. They even managed to copy some excerpt of their whitepaper or sometimes, they are also copying the sites. What's even brutal to investors is they even copied concepts of a fraudulent ICO. So that's twice the sin of the first lol.

[biddicoin]

I think it's also because of the side of the investors because most of crypto investors are just want a quick profits so they will move into many several projects in a short time, that's what make the previous projects are stop developing because they left by the investors because the investors are moving to new project that can produce quick profits.

there is no correlation between investors and projects stop.

Investors leave project => the project lost money => devs cant develop without money

we could look at their token sale , they collect much money from this. so if investors left their projects and start selling token, developers team still have many fund in their wallet. it depend on their will , if they give up  although still have reserve fund  ofcourse they stop it . and ended with exit scam strategy .true developers team will continue although they have limited fund.

Devs have tokens, investors have money. investors buy the tokens, then if investors sell all tokens, investors will get back their money
if that happens, devs have nothing. So devs cant develop without money

[Greatchu]

Your point is talking about altcoins am i right? well most altcoins are shit and bitcoin have higher chances of becoming mainstream in the future but still i never stopped even after few altcoins blow up my hopes in them, i keep grabbing while i can and i am certain that i will be a owner of good useful altcoin someday