Why I think all crypto is scam

[kodtycoon]

history such as road maps or anything can still be falsified, unless there is a rule that requires them to pass a valid license and in this case the scam project will look like it has a real product which is basically a very different reality. but even so i'm sure there are still many real projects out there that continue to improve their development for the better and investors should be more careful on this issue so that they don't get caught in a loss hole because of the many trap by those scam project developers

[Anonylz]

how will a project or project team be able to recruit investors and raise funds quickly if they make a roadmap and other plans for more than 3 years? that is the way they attract investors. creating a wallet program that isn't important to make sure they make the product. make partner and other labels. it is a strategy. more than that, do investors now have confidence in the current project? not. they are just looking for a pump and exhaust to make quick profits. and leave it. so, everything is balanced. no need to hold. buy, sell, then leave.

Anyone who have this mindset shouldn't bother about investing at all, there are hardly any project as of late that will generate any investor such fast money back especially at the present market status, this is not bull run season so many project after ico often go below ico price, in this case, it will be difficult for the investors to regain there money back even if you don't intend to hold, the only best option is to trade for quicker profit, since investors are not ready to wait a while for project to develop,
On the other hand, if you are lucky the project hit the exchange and price is up, sell and move to the next project.

[Novatech8]

I refuse to believe that all projects are scam because where there is losses there will always be profits, many old altcoins are good and they have been around for years, i don't see how they are scam either market is bad or not

[imutlinda]

I refuse to believe that all projects are scam because where there is losses there will always be profits, many old altcoins are good and they have been around for years, i don't see how they are scam either market is bad or not

The crypto market is now quite large and also has good trust in the world, so people also believe that there are coins that are beneficial and also detrimental. There may be projects that are detrimental due to fraud or others, but we can also see projects that are really real.

[MI6]

I refuse to believe that all projects are scam because where there is losses there will always be profits, many old altcoins are good and they have been around for years, i don't see how they are scam either market is bad or not

The crypto market is now quite large and also has good trust in the world, so people also believe that there are coins that are beneficial and also detrimental. There may be projects that are detrimental due to fraud or others, but we can also see projects that are really real.

Maybe OP think altcoin is that new come from ICO.  And never look back when cryptocurrency is a lot and have different types. If all crypto is scam then what will happen with bitcoin which give profit for it's holder if they can manage it well.

[Shallow]

Irrespective of the fact you have pointed out a good level of truth but I still think you should add "some" to your title or to your write-up. Bitcoin isn't scam and it was the belief you had or have in it that brought you here. I bet in your wallet there is either ETH or some other coins you trust, so if they all are scam why holding it? I tend to have my reservations when saying crypto is scam.

[whotheff]

You can say so about the majority of coins on tokens that are already live on the market and you will be right. People have blindly invested in poor projects back in 2017, now you must have a working product to collect a soft cap and in my opinion it is a good progress.

People invested that time because of HYIP. Also few people made huge money. But that time who entired in crypto they lost huge money. That's  why people lost Their  faith and many investors left the crypto area.Because of huge loss people saying that crypto is scam.now days if investors invest money in crypto they should choose right coin/token. investment without research is risky and investors can lost his money.

It is not because people lost huge money (due to low price), but because many projects exitscammed, exchanges robbed themselves
(yesterday Upbit "was robbed" $48 000 000 worth of ETH) and you could see the true human nature - take and kill instead of build and thrive.

[andika2018]

I refuse to believe that all projects are scam because where there is losses there will always be profits, many old altcoins are good and they have been around for years, i don't see how they are scam either market is bad or not

Because the number of coins or tokens that do not have a large transaction volume, does not mean that all crypto on the market are scams. Of the 4000 altcoin on the market, in my opinion there are more than 150 coins and good tokens as investments and have partnerships with famous companies. This indicates that in the cryptocurrency market, we must always do research first before investing so as not to end up on a scam project

[aemma]

If all crypto is scam I wonder why Bitcoin is still dominating, I wonder why till date it is the most valuable coin. That many projects are not in line with the idea of this space doesn't mean that other projects are same. A coin like Eth is trying its best, Bitcoin is waxing strong so why terming all coins as scam.
On the other hand, am not saying there aren't scam projects but saying all crypto is scam is too much to bear.

[Colt81]

If all crypto is scam I wonder why Bitcoin is still dominating, I wonder why till date it is the most valuable coin. That many projects are not in line with the idea of this space doesn't mean that other projects are same. A coin like Eth is trying its best, Bitcoin is waxing strong so why terming all coins as scam.
On the other hand, am not saying there aren't scam projects but saying all crypto is scam is too much to bear.

Cryptocurrency is actually not a scam, especially bitcoin because there is a lot of proofs that a lot of people have already earned a huge amount of money from their investments. I think you should be specific because not all cryptocurrency is a scam the only that is a scam in the crypto world is some projects who attracts investors and bounty hunters, so they could steal from them.

[Triffin]

You can say so about the majority of coins on tokens that are already live on the market and you will be right. People have blindly invested in poor projects back in 2017, now you must have a working product to collect a soft cap and in my opinion it is a good progress.

That’s really bad if people invest their money in New projects that they even don’t know and later on they blame the projects so it’s much better to save yourself from a scamming project and involve with well known. In 2017 people lose money because they did not sell on right time but now there are so many ways to gain knowledge so keep learning than investing blindly.

[bettercrypto]

If all crypto is scam I wonder why Bitcoin is still dominating, I wonder why till date it is the most valuable coin. That many projects are not in line with the idea of this space doesn't mean that other projects are same. A coin like Eth is trying its best, Bitcoin is waxing strong so why terming all coins as scam.
On the other hand, am not saying there aren't scam projects but saying all crypto is scam is too much to bear.

Cryptocurrency is actually not a scam, especially bitcoin because there is a lot of proofs that a lot of people have already earned a huge amount of money from their investments. I think you should be specific because not all cryptocurrency is a scam the only that is a scam in the crypto world is some projects who attracts investors and bounty hunters, so they could steal from them.

Earnings are not an assurance of legitimacy of an investment. There are ponzi scheme which will give you money at first then steal it again to you. Yes, there are also people that given an opportunity to change their life during the peak of bitcoin. But most of us lose our money on it.
OP talked about the possibility that crypto might give to traders as well as investors. The possibility to be scammed in crypto space. Even, crypto gives a lot of opportunity to all.

[imstillthebest]

you are only talking to ico coins right  ? because these are type of coins that all have the requirements you mention on the op but not all of them are scam but others are already succesful and useful until  now .  now other coins like eth and btc are dont have the requirements that you mention on the op plus these kind of cryptos are obviously not a scam .  i know the feeling of hate but please do only hate the coin that gives you a headache and dont include all the cryptos on your hate list  .

[biddicoin]

I agree that many coins are useless and scam, and even most of them is like that.
But, it doesnt mean that all crypto is scam. OP do generalize for all coin which the fact is NOT

There are still many good coin in cryptocurrency, the easiest way to find them is top 10 coinmarketcap
Bitcoin, Ethereum, EOS, Litecoin, Ripple, Stellar, ect. Those are old and well-known coin in cryptocurrency

[whotheff]

If all crypto is scam I wonder why Bitcoin is still dominating, I wonder why till date it is the most valuable coin. That many projects are not in line with the idea of this space doesn't mean that other projects are same. A coin like Eth is trying its best, Bitcoin is waxing strong so why terming all coins as scam.
On the other hand, am not saying there aren't scam projects but saying all crypto is scam is too much to bear.

Actually I HOPE crypto will see better days. I like blockchain tech and it's idea. What I don't like is constant scams, cloned projects, projects with no reason to exist, projects which want to become the only currency for the whole world, projects which cannot offer anything different from the basic decentralized shit, scalability shit and other pumped up words. They are all like leeches, suking the living juice out of crypto.

[whotheff]

I agree that many coins are useless and scam, and even most of them is like that.
But, it doesnt mean that all crypto is scam. OP do generalize for all coin which the fact is NOT

There are still many good coin in cryptocurrency, the easiest way to find them is top 10 coinmarketcap
Bitcoin, Ethereum, EOS, Litecoin, Ripple, Stellar, ect. Those are old and well-known coin in cryptocurrency

They are in top10 of what? Power usage? Low fees? Greatest decentralization? Highest security? Ease of use? Real world usage?

[makolz26]

I agree that many coins are useless and scam, and even most of them is like that.
But, it doesnt mean that all crypto is scam. OP do generalize for all coin which the fact is NOT

There are still many good coin in cryptocurrency, the easiest way to find them is top 10 coinmarketcap
Bitcoin, Ethereum, EOS, Litecoin, Ripple, Stellar, ect. Those are old and well-known coin in cryptocurrency

yes even a real project and already launch are turning out to be scam after they launched but the project failed and they don't continue anymore with the development, they are just after the fund that they have raised in ICO/IEO and the token they dumped in exchanges, most scam projects are like that they are using professional dev, admins, marketing to look like a legit one. 

[Coltpython]

Truth is many people are into crypto just because of the money they can get from it and it applies to both investors and even project devs. Most projects developed have no real use case except maybe a few out there. I am still keeping an eye out for airpod's sleeping pod project though.

[cryp24x]

You have really pointed out some of the factors to consider on evaluating a scam campaign. It is true that most of the campaigns right now is a failure but not all of it are scam. Some are legit and some are successful too. We just need to choose carefully where to invest and what we need to support.

[supercanada1]

history such as road maps or anything can still be falsified, unless there is a rule that requires them to pass a valid license and in this case the scam project will look like it has a real product which is basically a very different reality. but even so i'm sure there are still many real projects out there that continue to improve their development for the better and investors should be more careful on this issue so that they don't get caught in a loss hole because of the many trap by those scam project developers

With a little bit more care and observations, an investor can easily identify scams and after the invention of IEOs, it has become even easier to plot such frauds. Big exchanges do not let the poor projects to appear. However, the best is to stick with old coins that have proved their worth and potential over years. The main purpose of joining this market is profits and only bitcoin or good altcoins can do that.