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Author Topic: Why I think all crypto is scam  (Read 2216 times)
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December 14, 2019, 10:43:14 AM
 #301

Why are you believing to their plan? Did you consider if the project is legit or not before you putted your money? Of course all of the projects want to earn money and they keep putting attracting advertisements. Not all of crypto projects are scam, there are legit ones but the numbers are few. If you have information about what you are doing then you can easily protect yourself in scammers.
Indeed the decision whether you will get scammed or not in investing money in some projects depends on you, depends if you have researched enough about a certain projects to consider it as a legitimate project that can really be a good place to put your money in. Finding a good project requires time and effort that can be woth it once you find a really good project.
There are still some rare projects that are legitimate but not popular and the person who are handling the project was not quiet famous so the number of people who are participating and supporting to the project are few. If we really wants to find a good and legitimate project in which we can invest our money, then probably we must really do a proper research about the background of the project to avoid scamming projects and those projects that have the intention to cheat on us. You can also find those good projects by asking fellow crypto enthusiast.



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December 14, 2019, 10:56:57 AM
 #302

Why are you believing to their plan? Did you consider if the project is legit or not before you putted your money? Of course all of the projects want to earn money and they keep putting attracting advertisements. Not all of crypto projects are scam, there are legit ones but the numbers are few. If you have information about what you are doing then you can easily protect yourself in scammers.
Indeed the decision whether you will get scammed or not in investing money in some projects depends on you, depends if you have researched enough about a certain projects to consider it as a legitimate project that can really be a good place to put your money in. Finding a good project requires time and effort that can be woth it once you find a really good project.
There are still some rare projects that are legitimate but not popular and the person who are handling the project was not quiet famous so the number of people who are participating and supporting to the project are few. If we really wants to find a good and legitimate project in which we can invest our money, then probably we must really do a proper research about the background of the project to avoid scamming projects and those projects that have the intention to cheat on us. You can also find those good projects by asking fellow crypto enthusiast.
It is called rare because these projects are hard to find. I do not invest anymore in ICOs and IEOs after I lose 50% of my capital. I regretted that moment but for me it is ok because I learned many things from it. We should really allocate many hours in studying and researching in an investment if we want to identify it as a legit project or a scam project. These rare projects can find out if we have a lot of knowledge that we can get through studying.

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December 14, 2019, 11:24:51 AM
 #303

I do really understand your point, not all but theres a lot who use crypto currency just to make money, as an investor we really need to be more carefully to where our money will be invested to. there are real projects created for advancement and development, dont look only on the project, consider other factor like partnership to top exchanger which is very strict about listing like binance.

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December 14, 2019, 11:25:53 AM
 #304

Honestly, thats the fact for most projects especially ICOs. But that fact that these projects are having all these process and all, cryptocurrency and blockchain I think are still in the stage where we are testing them out. Trying out new things, the adoption that we really wanted can really be done for now because of uncertainty that these projects have. Risks is what they obviously are offering. That is why we always do research on them. First thing we saw a project that we think is great, do some research already. Simple.
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December 14, 2019, 08:17:09 PM
 #305

roadmap have quite a deep meaning for each project. but the roadmap has meaning for us to be able to judge this project as a scam or not. some projects often betray the roadmap and do not go according to plan. this year all new projects have a planned road map meaning that all is not well implemented. they just want money and leave the project.

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December 14, 2019, 08:34:40 PM
 #306

Most of the projects that keep on delaying or issue new roadmaps and promises are just not worth it for me i consider this as red flag now because i have already seen many projects end up as dead or scam where the hodlers loose all their investment just due to positivity and thinking that the people behind the project will deliver sooner or later.

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December 14, 2019, 09:14:22 PM
 #307

Frauds are increasing every day in Altcoin projects. The whole project may not be fake. But there are some tricks. In the past, there were tokens created in the Ethereum network. ICO would explain how much money they were raising. However, this transparency is disappearing with each passing day.
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December 14, 2019, 09:38:29 PM
 #308

roadmap have quite a deep meaning for each project. but the roadmap has meaning for us to be able to judge this project as a scam or not. some projects often betray the roadmap and do not go according to plan. this year all new projects have a planned road map meaning that all is not well implemented. they just want money and leave the project.
it has been proven that many projects that grow only for a momentary profit, there is no main intention to develop the project, as you say they make projects only want profit for themselves and leave the project after they reap the benefits. so that many investors refrain from many new projects that grow and result in no interest, making many scam projects born.
hope that in the new year there will be changes for many projects that are born well.

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December 14, 2019, 11:44:14 PM
 #309

Maybe there are some scam altcoins, because developers don't take care of their coins anymore. But of course not all altcoin scams such as Ethereum. Obviously ethereum has supporting technology such as the smart contract and blockchain itself.

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December 15, 2019, 12:13:44 AM
 #310

Not all cryptocurrency projects are scams, but a lot of ICOs are not legitimate ventures and are designed purely for cashing in on the boom that occurred some two years ago now, however, there are lots of legitimate crypts that have a good ranking as well as decent technology offerings and real world use cases and these are the ones that are worth while focusing on

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December 15, 2019, 04:10:12 AM
 #311

There's no problem if you're being careful but saying that all ICOs are a scam then you shouldn't be in crypto at all in my opinion. I don't blame anyone who looks at ICOs as scam as I myself think about bad things when it comes to startups too  Grin It's really bad that most projects now turn to scam after they have the money from investors so it's on our own if we think that certain ICO has good future and invest on.

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December 15, 2019, 05:22:31 AM
 #312

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.

That's the reality of so many projects now, some projects that started in 2017 are nowhere to be found now, and if they are still around, they are almost a shit and dead coins and there are no more updates coming from the developers, I even see a thread that some guy are offering to take over a dead projects.

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December 15, 2019, 07:17:10 AM
 #313

Yeah, I think so, sometimes it is tired of thinking about crypto projects that have sprung up like manipulations to raise funds. we never know that even their supporters and teams are real or fake. to convince investors they are actually releasing products, but actually the products that are released by the crypto project almost have similarity with each other, so the product is just like a formality

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December 15, 2019, 09:29:29 AM
 #314

Maybe there are some scam altcoins, because developers don't take care of their coins anymore. But of course not all altcoin scams such as Ethereum. Obviously ethereum has supporting technology such as the smart contract and blockchain itself.
Ethereum is altcoin which until now can still be used as a reference for all new projects and the growth of new altcoin.
it is true that you say that not all new altcoins grow into scams, but for two years now every new growth of altcoin is always haunted by developers not wanting to take care of it but only looking for profit for a moment.
so that many investors are clearly afraid and reluctant to want to invest in new altcoin, thus increasing the length of altcoin which is no longer valuable.

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December 19, 2019, 10:03:17 AM
 #315

The best advice is to always watch your step in crypto space, try to avoid scam always, since coins and tokens are still profitable then not all of them are scam
whotheff (OP)
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December 19, 2019, 11:54:41 AM
 #316

Can you please guys share what coins do you think are NOT scam (excluding the top 5 in CMC)?

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December 19, 2019, 02:34:14 PM
 #317

Truly successful projects will not advertise themselves to the whole world. They will quietly and quietly gather investors and will develop. Perhaps then they will be released, but the price of coins will be very high, since they will already have a lot of support. And everyone else with their ICO is just those who decided to make money quickly and disappear.

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Adriano2010
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December 19, 2019, 03:11:58 PM
 #318

Indeed there are a lot of scam on crypto as you said, but the title is not correct, not all crypto are scams, but maybe in future we can somehow stop this scams and on that time the crypto will grow as it should already do.
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December 19, 2019, 03:42:51 PM
 #319

Indeed there are a lot of scam on crypto as you said, but the title is not correct, not all crypto are scams, but maybe in future we can somehow stop this scams and on that time the crypto will grow as it should already do.

Not at all are scams, as there are crypto projects that are really bringing crypto real use case with their project, but due to the fact that there's a lot of scammers out there, it is very difficult now to trust the project, although they seems legit, the owner is active and we can see development as we can also see that still it is not enough reason.

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December 19, 2019, 05:52:50 PM
 #320

Not all projects are scam, so are good while some are not so not because people got scammed from such projects that should make everything scam, I believe we need regulation to ensure fake projects are taking off the market while the real ones should stand and I also do think we empower those with potentials but incapacitated to list on exchanges.
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