Why I think all crypto is scam

[anjiitem]

Reality is so, nowadays many projects are just nonsense, different from a good project that is hard to find and that can be fared equally to the other.
But not all crypto is a scam, just the time is not right now because investors have very little confidence in the new project and prefer the old altcoin or invest in bitcoins for the long term.

Yes it is true that not all cryptos are scams, maybe only new coins are possible to become scams, if seen lately there are indeed many new projects becoming scams but it does not rule out the possibility of good projects and can develop, maybe now investors are starting hesitate to invest in a new project because of a scam and may need something that can encourage investors to return to invest.

[1714549200]

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[acsalles]

I think that is not so. There are many good projects going on, but you missed it. Everything has two sides. I have been in Crypto for 10 years and this is my life

[Taufik blackspade team]

I think that is not so. There are many good projects going on, but you missed it. Everything has two sides. I have been in Crypto for 10 years and this is my life

wow, you are very experienced I guess but is that true with your rank as a "member" you have known crypto for 10 years? that means that the age is the same as the age of this forum that just celebrated its 10th anniversary.

it's true that not all crypto scams, because we can see there are so many platforms that were born and have been able to survive for several years on the market. I guess those who develop will still be able to survive.

[romanij]

I also came to the conclusion that basically all crypto projects are fraud. I took part in bounty projects for almost two years and, following the fate of these projects, I see that not one of them has received its further development, even those projects that at first showed themselves as successful today turned into nothing.

I think you're very wrong about that. Yes, there is fraud in the crypto currency and without it today there is no industry. There are risks everywhere. It does not happen that a person easily becomes a millionaire. ICO is an occasion to explore the cryptocurrency industry but it is not a means for easy money making. After the ICO, people begin to learn programming or run their bounty companies as a Manager, thereby improving the quality of the community. Try not to be upset and learn more about this area of activity. Projects today are not in demand because of the huge competition in the market. All cryptocurrency can not be scam as many countries have agreed that the cryptocurrency industry is the key to the future and it is gradually developing.

[whotheff]

Here is something which supports my opinion.
The number of dying Cryptos is increasing:

https://www.newsbtc.com/2019/12/02/altcoin-apocalypse-the-number-of-dying-crypto-currencies-is-rising/

[veilmoil]

Most of project do that. Always delay delay and delay. So the ending is their token is dump and fail project.
I don't like project like that which always give delay in distribution, listed in anonymous exchange, and locked their token for airdropers.

[istiak2277]

Scams are everywhere online and cryptocurrency is no different. It is true that scammer use imposter websites, fake mobile apps, scamming mail to promote their project but there is still a lot of projects that have real value and demand in the market. Maybe a lot of projects are scam nowadays but not all of them.

[miklesm]

I don't think so, there are many crypto projects already integrated in different industries and their amount is still growing. Crypto has a great future and I don't think it can die.

[acsalles]

Really this I think is the right idea. But all can be nice if the user is nice. Cryptocurrency is a double-edged sword if it can be used

[Best Dreams]

Really this I think is the right idea. But all can be nice if the user is nice. Cryptocurrency is a double-edged sword if it can be used

Well, it’s not only crypto but such risks lie in everything that we use to invest our money as you said it’s a sword but it has so many reliabilities for us as well. I think scamming is not a huge issue with little care it can be solved. We just simply get verified projects and before investing should know about the history of that project and don’t invest in every new project.

[VeeTeaSee]

well its really depends where you're looking
there are many projects with huge scientific and technological value
there are projects with real adoption and organizations use them
there are real annoucement and real roadmaps

you just need to make research and filter the garbage
in real life there are always 95% failing projects in start-up world
not only in crypto

[Jamalkm74]

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.

Yes That's true,Roadmap is shit But not for all crypto projects Roadmap is needed because Roadmap like a Daily Routine for disciplinary actions at work,our society is not clean some are fake and scam always Stay with us,    

[Bonwin]

If this continues, then it means that lesser people will be interested in investing in crypto, but sometimes, reverse is the case. Some still believe that, despite all odds, they will still make their money. It's just that, the honest truth is, investors are reducing. Particular those who invest in new projects.

[Jiyens3]

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?

This has become very common now. Mostly projects are either failures or scams. Those that are facing hard time will indeed achieve their goal someday but scams are a totally different scenario. The whole purpose of such projects is to fool people and get money from them. Once a good amount is accumulated, bad news streak starts hitting the investor. IEOs are still better than ICOs.

I think you've got the trick. This makes you trauma to cryptocurrencies. I wasn't surprised by it. Because basically humans will also experience the same thing, that is if ever deceived. But I advise you to start a new thing again with the opening of a new sheet I think you will be able to raise Hu yourself well and can continue digging into more experience.

[cryp24x]

I like the way you rant but I don't really agree that all Crypto are scam. I understand how you feel and it is quite a long time since the last time we have experienced a successful ICOs and IEOs. But still, if all crypto is a scam then why there are still investors who put their trust on different projects. It is just that some legit projects really are not that many and because of an overwhelming number of scam projects then legit ones got outnumbered.

[Spaffin]

If this continues, then it means that lesser people will be interested in investing in crypto, but sometimes, reverse is the case. Some still believe that, despite all odds, they will still make their money. It's just that, the honest truth is, investors are reducing. Particular those who invest in new projects.

There will be fear and there will be forced regulation for government from my expections. Probably those who had invested in ICOs back in 2017 could be taking a break right now and wait for the storm to calm down.
I would do the same, but meh.

I think that every sensible cryptocurrency user understands that the full use of cryptocurrency around the world will work only after the cryptocurrency is legalized, but also after tight control of the entire cryptocurrency market.  Based on this, the only thing I have no doubt about is the reduction of fraud in the cryptocurrency market thanks to the government control.

[Mr.Noda]

I would not say that all crypto projects are a hoax. There are many very promising projects such as ripple or ethereum.

[memedennis]

 you are right in your opinion , but i will say not all crypto is scam . there are some that actually come up with good intensions but perhaps team mis management and disagreement  wont allow it succeed and it looks as if it was scam after all.  But there are still a few genuine projects. 

[azisjz4]

Not all crypto scams, there are some that are legit and successful even though only very few. Maybe you say all crypto scams, because of your experience in participating in all scam projects, and indeed there are many projects that have failed and many of them are scams. It's better to wait for the beginning of next year, hopefully crypto can be back victorious like 2 years ago

[distr@yopmail.com]

Not all crypto scams, there are some that are legit and successful even though only very few. Maybe you say all crypto scams, because of your experience in participating in all scam projects, and indeed there are many projects that have failed and many of them are scams. It's better to wait for the beginning of next year, hopefully crypto can be back victorious like 2 years ago

most new people who invest in new projects certainly make a bad experience with the many projects that fail and scam. but for people who have been in the crypto market for a long time, of course, understand and know how to choose assets and projects that are truly profitable in the current conditions.