Why I think all crypto is scam

[mobilestrike]

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

The investors are willing to invest in a project if the projects show that they are high potential projects, like they have to do high marketing and have to do seminars and have to remain in contact with investors.
My second point is that the investors do not leave a project after the end of ICO and any time after that if the project continue to develop more and show their obvious growth. The investors will leave the project only if after the end of the sale the developers becomes slow and leave their promises.

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

The Devs sell the tokens in the crowdsale and get money. The investors after the end of ICO when find it beneficial start selling their tokens but it does not mean that the developers buy back the coins and the investors also do not impose them to buy back the tokens from them. The developers have to continue to work on the project and the investors also want that the developers spend that earned money on the development of the project.

[ganeshramk]

Its really good information for all the people. Especially for Newbies. Some crazy people even think about leaving thier regular job to get into crypto thinking they can become millionaire overnight.

[Shepard777]

My dear friend, I also really believed in all these projects, but due to the fact that many of the creators are scammers and the projects that they create turn out to be SCAM, all opinions about this industry just got spoiled, all because of such ghouls like them, let's be a little more patient and I think that over time after the regulators enter the market, all these scammers will disappear as they begin to fear a prison term and we will enjoy cryptocurrency as an industry.

[sazonk]

Your thoughts are cool, if it is felt that all scams are, but what I feel is that not all of them end in scams, there are some long term projects which at the end of the project are responsible for all programs and payments to all participants related to the project. And there are also projects with the latest technology, vision and mission, facilities and human resources that are sophisticated but lead to scams. In my opinion Crypto is like we buy a cat in a sack on the curb. Where we don't know which one is a good cat or a diseased cat. And basically and we know that investing, playing in crypto, we have to be prepared with all the possibilities that will happen.

[n0ne]

I too had the same thinking as Op. It isn't wrong when we look from the outside it looks to be very simple to develop a project. I don't deny there isn't any scam projects, and I understood the difficulty of being a programmer through my friend. It isn't that easy to make things within a month. Based on the necessity regular updation is done. Just because it gets delayed we can't conclude those were scams. I've experienced projects turning to be successful after months of inactivity.

[boltz]

Most of the project do that , yes. They start something , then they extend the roadmap period , they add fake members , do fake volume on exchanges , promising this and that and in the end you wake up that you lost 90% of your first investment and they announce they can't sustain they project any longer as they ran out of funds so they make a swap of token and ask again for another round of money.

What you said there is nothing new for most of us that is why you should not invest in projects that are promising a tech that cannot be achieved in any ways...like 95% of the total project on the markets right now.

[llecrf]

New projects have almost the same technology and similar ideas, the project developers are good at making ways that their products can be used by everyone, but several reasons will often arise after the developers get the hardcap they have achieved, this is very confusing when the altcoin they sell will have high prices in the future.

[el kaka22]

It doesn't make sense to call it "all" tho, some of them are not scam and could totally be used and have utility. I mean simplest answer would be BNB where it is used for trading even if you think bitcoin has no utility (which it does these days but thats fine) so long story short I agree that there are 2000+ coins that makes no sense at all and they just have "you can use this for x purposes" but you also don't have to use it so it becomes futile and useless all of a sudden but in the end there is absolutely no reason to keep blaming the top ones for the failures of the bottom ones.

I have used ethereum for so many stuff in the past 3 years that I forgot it was actually an investment option for a while, I have bunch of memories and fun that I can recall that was all thanks to ethereum.

[andriarto]

I too had the same thinking as Op. It isn't wrong when we look from the outside it looks to be very simple to develop a project. I don't deny there isn't any scam projects, and I understood the difficulty of being a programmer through my friend. It isn't that easy to make things within a month. Based on the necessity regular updation is done. Just because it gets delayed we can't conclude those were scams. I've experienced projects turning to be successful after months of inactivity.

I've also met a project that has been dormant for months. I thought this was a fraudulent project, and I had to move on, but it turned out to be a satisfactory return. and if it's like that then people worship the project. I think the team is focused on project development, and needs time for that. they prove by action, and during the vacuum we denounce it

[jcarlo]

It doesn't make sense to call it "all" tho, some of them are not scam and could totally be used and have utility. I mean simplest answer would be BNB where it is used for trading even if you think bitcoin has no utility (which it does these days but thats fine) so long story short I agree that there are 2000+ coins that makes no sense at all and they just have "you can use this for x purposes" but you also don't have to use it so it becomes futile and useless all of a sudden but in the end there is absolutely no reason to keep blaming the top ones for the failures of the bottom ones.

I have used ethereum for so many stuff in the past 3 years that I forgot it was actually an investment option for a while, I have bunch of memories and fun that I can recall that was all thanks to ethereum.

Agree, it's too much to say that all crypto is a scam because the proof is that there are many coins that are actively traded. The indication of a scam project does not mean that all crypto scams are because in the crypto market there are more than 4000 types of coins and not all coins have transaction volumes.

[irixo10]

You just said it all, first they will present an attractive features which will draw people and then the game starts, one postponement after the other followers by unnecessary extension which is certainly of no use; this will continue until the investor and community members lose interest and ends up losing as well.
Nevertheless, I won't say all though, there are few which are genuine at least BTC and ETH are proof of that, the main case is that the number of fake projects keeps growing thereby making it look like this space isn't worth it.

[Metall303]

You just said it all, first they will present an attractive features which will draw people and then the game starts, one postponement after the other followers by unnecessary extension which is certainly of no use; this will continue until the investor and community members lose interest and ends up losing as well.
Nevertheless, I won't say all though, there are few which are genuine at least BTC and ETH are proof of that, the main case is that the number of fake projects keeps growing thereby making it look like this space isn't worth it.

Now the number of fake projects does not continue to grow. statistics just remains the same as it is. 90 percent of new projects are a scam and the remaining 10 have a chance to survive

[Visbay]

It doesn't make sense to call it "all" tho, some of them are not scam and could totally be used and have utility. I mean simplest answer would be BNB where it is used for trading even if you think bitcoin has no utility (which it does these days but thats fine) so long story short I agree that there are 2000+ coins that makes no sense at all and they just have "you can use this for x purposes" but you also don't have to use it so it becomes futile and useless all of a sudden but in the end there is absolutely no reason to keep blaming the top ones for the failures of the bottom ones.

I have used ethereum for so many stuff in the past 3 years that I forgot it was actually an investment option for a while, I have bunch of memories and fun that I can recall that was all thanks to ethereum.

Agree, it's too much to say that all crypto is a scam because the proof is that there are many coins that are actively traded. The indication of a scam project does not mean that all crypto scams are because in the crypto market there are more than 4000 types of coins and not all coins have transaction volumes.

I know some project made people suffer and spread all bad in market so people talk bad about it but its not like this as fall and rise happens so who are new have to be manage and work hard before investing that never invest in scamming project, making research helps to face such situations and not to be suffered that's why for me the most important thing for any project is trust of investors.

[arimamib]

You just said it all, first they will present an attractive features which will draw people and then the game starts, one postponement after the other followers by unnecessary extension which is certainly of no use; this will continue until the investor and community members lose interest and ends up losing as well.
Nevertheless, I won't say all though, there are few which are genuine at least BTC and ETH are proof of that, the main case is that the number of fake projects keeps growing thereby making it look like this space isn't worth it.

Now the number of fake projects does not continue to grow. statistics just remains the same as it is. 90 percent of new projects are a scam and the remaining 10 have a chance to survive

but I still believe that there will be projects that truly benefit many people. but for now not, the investment trend in new projects is not like a few years ago we have to wait. Most projects this year have failed because they did not get enough funds

[Bananington]

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 really like your boldness to speak up on this particular case, most projects are outright scam or baseless, no matter the said products or development they claim to achieve on the roadmap. Truth is, if regulations don't come, anyone can always come up with a project, make money from it, create hype around it by claiming to achieve milestones on roadmap and make much more money repeatedly. However, mainstream  adoption will take a long time to come and till then, we will just be going through a cycle of "development and use cases on paper".

[whotheff]

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 really like your boldness to speak up on this particular case, most projects are outright scam or baseless, no matter the said products or development they claim to achieve on the roadmap. Truth is, if regulations don't come, anyone can always come up with a project, make money from it, create hype around it by claiming to achieve milestones on roadmap and make much more money repeatedly. However, mainstream  adoption will take a long time to come and till then, we will just be going through a cycle of "development and use cases on paper".

THank you. What I noticed among many people who commented is that they think in future tense. My statement is stated now, not in 3 months, 3 years or when Bull run happens. Not when Ethereum's, Bitcoin's etc, main adoption happens. That is why I like "development and use cases on papper" .
What I'm starting to notice is that serious companies with a legit bussiness are starting to get interested by blockchain technology, but with this speed it will take 10 more years. And for some reason I think none of them will adopt a currency which is already in circulation. All countries will just create their own, centralized digital money which will be also easy to manipulate as are the paper money. Thus crypto will be used only for shady deals, Darknet and some small shops since they can crypto can easily be outlawed.
Nevertheless, crypto will brend a very nice tech to the world by the name of Blockchain.

[InwardContour]

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.

The major problems which make most crypto projects shady is because they lack real life use and adoption. It's also true that there are many scam projects with Roadmaps which will never be achieved, but at least very few projects are really trying to be on track. Truly it's not easy for a new tech like crypto to be adopted especially when the authorities are restricting it. Talking about fake recruitment announced on social media, many projects are guilty of this.

[Shepard777]

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.

The major problems which make most crypto projects shady is because they lack real life use and adoption. It's also true that there are many scam projects with Roadmaps which will never be achieved, but at least very few projects are really trying to be on track. Truly it's not easy for a new tech like crypto to be adopted especially when the authorities are restricting it. Talking about fake recruitment announced on social media, many projects are guilty of this.

You are saying everything correctly, since the crypto industry is something new for people and for governments of countries, as well as for banks, and they do not understand how to correctly perceive it. Many due to the fact that they do not understand the whole technology and capabilities of the cryptocurrency, immediately put an end to the industry for themselves and if the government from any country does this, this immediately affects the course of the main cryptocurrency “BTC” and, after it, all other altcoins. Meanwhile, while there is no regulation, fraudsters take advantage of this and rob people of the money that they earned honestly.

[safem]

In my own opinion, I do not think that all crypto is a scam. If there is an existence of one original product, there is every  possibility that the counterfeit will also exist. Though quite alright some crypto are scam but not at all. The crypto enthusiasts are the ones that need to be careful with the choice of crypto they want to participate in. There is a need to look before one leaps. There must be a thorough research into any crypto aspect that one wishes to partake of so as not to be a victim of scam ones. The necessary parameters in checking of authenticity of any crypto project before participating must be adopted.

[flagpara]

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.

After 2018 people lost trust from new project, but real projects still available in cryptocurrency. About roadmap or more details, in top coin VET and TRX. But before ICO feature release people were supporting cryptocurrency and now also do. All new aren't fake as scam project.