Too many projects is bad

[Rodeo02]

So many fake projects out there, I totally do agree but despite the fake ones there are still good and amazing projects out there which have good team and good market volume all needed is research.

Even it is good or bad project the affect on the market will be negative. The total market will be divided for every new project created and it is not a big help for crypto addoption. instead of making another crypto currency why not support each other and makes only few crypto and just make other ways to use that currency  in that case it will help tha market addoption. Unlike now that investors is confuse what would be the good coin to buy.

[1715041750]

1715041750

[1715041750]

1715041750

[Baby Dragon]

Unfortunately, this is the reality of the market. Too many scams. But not everything is fraud. Unfortunately, the subcoins that are traded in the Exchange can be out of control. You need to solve it. The solution to this is only when the team supports their projects. They need to keep track of the price.

It's very bad. They all appear professional, reputable and promising in the beginning but to your biggest surprise, they are just low life thieves packaged in tuxedo to Rob a bank. Some few hours ago, they wear making desperate movies to act a buy back to lure unsuspecting victims back to their project and I hope no one will fall for such gimmick.

Investors need to be careful and very critical of where they invest in this space till there's some sort of control over this crypto market at the very least

What can expect? People these days thinks that anything is possible when it comes to money that is why they are willing to do anything to take advantage of you to get the benefits they wanted. They will make you believe with their sweet words and promises that makes you hard to think whether it's a good project or not unless you've done your own exploration to determine. They will hide their true colors and intentions that's why you will suspected it as scam project. It is the reason why we have to be attentive and cautious particularly on making decision regarding the project that we are going to invest, it is much better if we search for some information and details about it to assure ourselves that the project is worth it and profitable.

[Bossfidelity]

In a decentralized environment like the cryptocurrency space, too many projects are expected. This is simply because there's no control on the project that should be established. Any person who is willing, could lunch a project and tell us what he's trying to achieve which in most cases won't be achieved and it goes on and on.

[Reid]

Searching for good altcoin projects is now similar to looking for a needle in a haystack, you either get tired or exhausted and quit looking, or you find it after a terribly long, long time, this is synonymous to what altcoin investors will have to go through/and are going through, and it can only stop when the good projects are the only ones investors are attracted to.

This has something to do with my experience.
I got really exhausted looking for anther project that I want to support.
Something that will be successful in the next 2 to 3 years.
But just like you said it, I strongly agree.

At first I told myself that a competition is good for the market but then it went larger. Large which cannot be controlled anymore and they just keep on repeating the same feature over and over again.
Once you read the whitepaper they are just changing how the paper was produced or the enumeration.

But, I am not losing hope. I just rested for a while and then I am back at looking to buy a good altcoin.

[Coyster]

As far as this forum is concerned, Imo I would have suggested that the admin can also ensure that scam project are not allowed to advertise here

Forum admin wouldn't allow any project they know as a scam to advertise, but AFAIK no scam project would announce they are scammers before they start to run their project, so the forum leaves the decision to invest or have any business with any project in the hands of members of the community, that's the reason why you hear that "scams are unmoderated by the forum".

Not all projects are bad

Neither was I saying they all are bad, my thread was in a bid to seek ways to only see the few good ones, I know it's a difficult task to do and also I've read everyone's reply till now, it now seems more impossible, but for me when I pick altcoins to invest in, I only choose the reputable ones in the market(as I suggested in the OP).

[LouVandetta]

Sadly this is how it is nowadays, whereas the bad projects always comes up and make a name and more popular than a legit project was.

We've too much expectation on one project only to get scammed or it's a really bad project all in all. Even now, the new ones that keeps coming is not that different from the previous ones, which is basically only a copy-cat of the others.

Searching for good altcoin projects is now similar to looking for a needle in a haystack, you either get tired or exhausted and quit looking, or you find it after a terribly long, long time, this is synonymous to what altcoin investors will have to go through/and are going through, and it can only stop when the good projects are the only ones investors are attracted to.

This is indeed true, it's that hard to find such a good altcoin project. I personally is on a "break" for a new project, since I pretty much tired out by seeing the bad one keep popping up. Even when something looks very promising, sadly the outcome is far beyond what we've expected to have.

[Malam90]

It is very hard to understand whether the project is scam or real at the very first. In this forum, some devoted seniors are always trying to findout scam projects and waning the bounty participants to avoid that project. I welcome this type of activities. As a decentralized system, anyone can create a new project, but we have to consider whether it is fake or real at first, then decide to promote.

[Aabcde]

Since mid-2018 I stopped being an investor because of things that were not pleasant for my finances.
On the other hand, it is rather difficult for us to eliminate shitcoin unless there is a product that can sort shitcoin closely. We cannot expect the forum system here indeed, but at least there is a forum that discusses scam projects here. At least we have received a warning from the members of the forum here, although not all of them are reading.

[slashz9]

still there are some investors who are determined to invest in new projects, might have thought this project was good and would succeed.
the temptation will always be there for those who are impatient and greedy.
if this method continues to be applied maybe the scam project will decrease because no one else will invest in new projects.
but what about a really good project?
I mean if everyone considers all new projects to be a scam,
then how will they develop?

[Furryball]

As far as this forum is concerned, Imo I would have suggested that the admin can also ensure that scam project are not allowed to advertise here but I think I have also seen some bounty threads being tagged as warning for participants (or maybe they should just remove such thread entirely).

On the other hand, is difficult to ascertain scam project at the beginning.
I advise that participants could choose to follow certain legit managers and managers that are producing scam projects will be alone to themselves and pack up with time 

We are in decentralized world so it doesn't make sense for this forum to start doing research on projects for us, crypto world equals freedom so it's all on us, we have to look out for ourselves

[Furious 7]

ICO and IEO both have many professional scammers controlled by 1-2 people and there are even a group of scammers who are already professional. Our job is to report every project that is indicated as a scam.
You can also check the projects that you are taking part in the SCAM ACCUSATIONS Sub Forum section.

Yes we have to anticipate it from now before it's too late, ICO and IEO have many scamer incidents that occur even good projects can become scamers, so we can see clearly and research properly, don't be too hasty in joining if you are not sure, according to you.
Even projects now need a long process to work on successful projects that can be traded on the exchange, so the core must look at the SCAM ACCUSATIONS board to see the scamer project that was caught.

[debitel]

Hello Coyster

I totally agree on the part about needle in the haystack, but IMO is hard to track good projects due to the rise of ICO's and their wealthy marketing. Shit projects earned money through a an ICO and pushed marketing like mad.

I have been tracking self-funded projects for the last few months and I have actually come across quite a few nice projects. What to do to make it easier to find them? I have already proposed this somewhere  but i would open a section where people could discuss projects that are self-funded and find it hard to invest millions in marketing and promotion.

I agree that it doesn't mean that if a project is self-funded than it is good, but at least it higher chance that it is. One of those projects is Newscrypto.io which i have been following for a month or so. Not going to promote them here, but they seem like a legit project with lots of advantages.

[TanakabZX]

Sounds like cutting off new projects, it doesn't make sense at all, look how many new projects come into this space since the beginning of bear market, yes many of them are fake or scam projects but outstanding projects shows up too, i belief it's our choice if we want to find new good project, with research it's very possible

[Mpamaegbu]

As far as this forum is concerned, Imo I would have suggested that the admin can also ensure that scam project are not allowed to advertise here but I think I have also seen some bounty threads being tagged as warning for participants (or maybe they should just remove such thread entirely).

It's better not to remove the scam warning as that will alert and remind investors of the scam projects, even outside this forum. Once the threads are gone people who didn't read about it before it was gone will remain in the dark and fall prey.

[Novatech8]

Yet many are good, especially IEO projects from binance, huobi, gate and kucoin, i am on the watch to spot new projects with new use cases, i bet they will rule the top lists on CMC in future, no time to waste

[Savemore]

ICO and IEO both have many professional scammers controlled by 1-2 people and there are even a group of scammers who are already professional. Our job is to report every project that is indicated as a scam.
You can also check the projects that you are taking part in the SCAM ACCUSATIONS Sub Forum section.

Yes we have to anticipate it from now before it's too late, ICO and IEO have many scamer incidents that occur even good projects can become scamers, so we can see clearly and research properly, don't be too hasty in joining if you are not sure, according to you.
Even projects now need a long process to work on successful projects that can be traded on the exchange, so the core must look at the SCAM ACCUSATIONS board to see the scamer project that was caught.

There are kany projects that keep promoting in the.market but most of the projects are scams so we should always be smart. Proper research can help us to avoid that kind of projects. There are investors who becoming new victims because they do not research first before they put their money in a investment. You should blame yourself if you got scammed because you let the scammers to fool you.

[Jocuserious]

Don't touch scam project i hope it will be good ways if you can inquire about a project before investing. I can't show list sorry but i can tell you' i face many scam project of this year even it just my heart take borning.
If you take a unless project then never promoting and mind it their will give you more offer but don't believe.

[luppecuppe]

Too many bad projects. It bothers me. But even bad projects contribute to the development of this market. At least they show us how to do it. Of course, the situation is much worse for those who lose money. Research your team well to understand a good project. Try to find out what kind of power is behind it.

[Byakuga]

Do the findings yourself, who knows what you can find? We do research for these reasons, to avoid getting scam or investing on bad projects, I rely most of what I can find and if you can find where crypto is still lacking once a new project with rare use cases comes around it won't be hard to make a decision

[bitzizzix]

Most bad projects occur because of new projects that have emerged so far, but all of them make all crypto users smarter when there are new projects.
and they will carry out detailed research in their own way before participating in new projects, and make them more mature in managing their money to invest in the right place.