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Author Topic: be careful with projects that offer you great prizes, that is not a guarantee of  (Read 1266 times)
dnsokoljuk
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November 19, 2019, 07:05:25 PM
 #201

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

That is true. Almost always better when project givest not a huge, but real reward. Such like Harmony One - they giveaway only 15K USD.
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November 19, 2019, 07:07:08 PM
 #202

In the crypto sphere, any projects that offer a guaranteed income are bullshit since the market is volatile and we only have a small portion of the world's population that has interacted with crypto which means it would be hard for a new project to drive demand for their coin or token unless they have a reliable and effective marketing strategies.
In my opinion in any whitepaper it is specified.Nobody gives guarantees anywhere.There is no guarantee that someone will not die tomorrow.It's the same with tokens and projects.
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November 19, 2019, 07:31:10 PM
 #203

In the crypto sphere, any projects that offer a guaranteed income are bullshit since the market is volatile and we only have a small portion of the world's population that has interacted with crypto which means it would be hard for a new project to drive demand for their coin or token unless they have a reliable and effective marketing strategies.
In my opinion in any whitepaper it is specified.Nobody gives guarantees anywhere.There is no guarantee that someone will not die tomorrow.It's the same with tokens and projects.
I agree. Usually, in the main conditions is prescribed that no one gives any guarantees and doesn't bear any responsibility.
And in general, it seems to me that people are now becoming more cautious and no longer believe when they are promised crazy money.
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November 19, 2019, 07:40:58 PM
 #204

In the crypto sphere, any projects that offer a guaranteed income are bullshit since the market is volatile and we only have a small portion of the world's population that has interacted with crypto which means it would be hard for a new project to drive demand for their coin or token unless they have a reliable and effective marketing strategies.
In my opinion in any whitepaper it is specified.Nobody gives guarantees anywhere.There is no guarantee that someone will not die tomorrow.It's the same with tokens and projects.
I agree. Usually, in the main conditions is prescribed that no one gives any guarantees and doesn't bear any responsibility.
And in general, it seems to me that people are now becoming more cautious and no longer believe when they are promised crazy money.
In crypto, I have not seen crazy money and profits for a long time,but still IEO on binance and kucoin helped me make good money.Although it’s not a big amount, it’s still profitable. I think the ICO has outlived itself. Buying tokens for ICO investors really have no guarantees. And this is bad.

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November 19, 2019, 07:56:59 PM
 #205

You are right in implying that these types of projects that offer an unrealistic ROI or that fall under the HYIP classification in the cryptocurrency world are generally illegitimate and a lot of them have turned out to be outright scams so make sure you steer clear of these products

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November 19, 2019, 08:27:52 PM
 #206

Of course, it’s impossible to unequivocally say that ICO teams that will offer and offer large amounts of rewards for participating in ICO bounty campaigns are fraudulent, but this happens very often. In addition, even if such ICO teams intend to work on their project after the ICO, then anyway, as a rule, they do not fulfill the promise. In all other respects, it is a matter of chance.
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February 01, 2020, 05:26:06 PM
 #207

I frequently face that issue, numerous projects  currently give members incredible high prizes and rewards,however I question that. from one viewpoint the market is in a debilitated circumstance and this can impact new crypto clients particularly apprentices. they will consider how to get speedy benefits by putting resources into ventures that offer enormous prizes. however, I don't prescribe that choice.
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February 01, 2020, 06:06:58 PM
 #208

By now i'm sure that many members on here have learn a lot when it comes to too good to be real offers mostly from new bounty projects looking to prey on new crypto investors, when an offer is too good they it's nothing but a bad egg
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February 01, 2020, 10:57:25 PM
 #209

A big prize is not a guarantee and even what happened until now, a good project only gives rewards at a low rate, so when there is a project that offers a large reward then in the end they will only get negative feedback from observers here, but all have reasonable reasons and we should be more careful. Indeed, when someone offers a big reward it will make many people greedy without worrying about the results in the future, because when greed happens in the end it will only make us regret having sacrificed time and even the money invested is useless.

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February 02, 2020, 12:55:39 AM
 #210

A big prize is not a guarantee and even what happened until now, a good project only gives rewards at a low rate, so when there is a project that offers a large reward then in the end they will only get negative feedback from observers here, but all have reasonable reasons and we should be more careful. Indeed, when someone offers a big reward it will make many people greedy without worrying about the results in the future, because when greed happens in the end it will only make us regret having sacrificed time and even the money invested is useless.
So obviously their primary targets are the ones who are new to this kind of thing, they know newbies will have more chance of biting their scam projects than someone who are here in crypto and has been into projects for quite some time because they knew that those people will most likely not fall for their traps, always remember that you need to work for every coin that you will get in projects and if you encounter projects that offers you reward that is greater than the work and effort that you will give think about it maybe its a scam.



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February 02, 2020, 02:32:17 PM
 #211

Most of the time Newcomers are tempted.
If they see more profits they do not judge anything and then jump, then return home with empty handed.
If we analyze the minimum judgment before investing somewhere, then the risk of danger will be reduced.
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February 02, 2020, 03:47:56 PM
 #212

The issue is that regardless of the amount you educate them, if and only if their mindsets are just concentrating on the potential advantages, at that point they won't listen. Novices are giving people an opportunity to exploit the situation since they just keep risking their own money without even thinking that it can make an enormous negative impact on their funds and assets. They don't understand that it's the trickster's approach to beguile them, it's the specific reason behind why we should be cautious of such situations because it will direct us on finding a project that is worth it and beneficial. We can't simply rely on their promises since we don't have the foggiest idea about their genuine intention. You may find researching as difficult and laborious however your time and exertion will be commendable because you will easily understand the things that you have to consider before investing on some projects.

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February 06, 2020, 01:58:59 PM
 #213

I frequently face that issue, numerous projects  currently give members incredible high prizes and rewards,however I question that. from one viewpoint the market is in a debilitated circumstance and this can impact new crypto clients particularly apprentices. they will consider how to get speedy benefits by putting resources into ventures that offer enormous prizes. however, I don't prescribe that choice. By now i'm sure that many members on here have learn a lot when it comes to too good to be real offers mostly from new bounty projects looking to prey on new crypto investors, when an offer is too good they it's nothing but a bad egg
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February 06, 2020, 02:45:37 PM
 #214

Ponzi and pyramid schemes have existed for many centuries and even now people fall prey to such scams. In cryptocurrency, the impact is much more amplified because of the decentralized nature of the market and due to the lack of regulations. Most of the time, the new and inexperienced users don't have any idea about the risk associated with the project in which they are investing in.
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March 01, 2020, 09:16:06 PM
 #215

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

There are promises a project will give and one can tag then scam right away, just like you pointed out, a project saying their coin will worth very high within a very short time is only but trying to lure people in, because everyone knows that new projects first struggles in the initial stage and with constant improvement and depending on the team can achieve their goals but when a new projects starts making unnecessary promise it's good to look twice. Also, any project offering a certain assurance of your investment growing massively within the short period just like the cases of Ponzi should be ignored because it is not far from Ponzi as well.

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March 03, 2020, 08:27:19 PM
 #216

Well, that was true. No project can certainly guarantee you a promise of income to be predicted even before the project has been launched or even while the project promotion is still running. As projects are running on the present time, the assurance of earning or having a profit will vary over time depending on the performance or the way everything is running because the success of the project will be dependent on what is currently happening on the entire span of promotion. No project can predict that after project they guarantee you a big promise of profit because everything is just about to happen so if you do not want to get disappointed, then better know that such sayings are just merely part of their promotion strategy so don't get attached to much with it for you not to fail with your expectations.

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March 10, 2020, 10:25:18 PM
 #217

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

Absolutely right, I have seen a lot of projects with great hype, at the end of the day it's more of a scam than real project.  Some will even lie about the amount of dollars they have made, so that they can attract some investors, get their money and disappear.  We should be extra careful in jumping into offer of exorbitant returns within a little time that looks impossible.
Extended ICOs and the delayed bounty distributions serve for the one purpose. The more time they took from the investors, the bounty participants they will be able to solve the upcoming problems, handling the chain reaction problems is not easy. The bounty hunting shouldn't only be about the benefits of free promotion, the both parties have to look at the background image for getting an idea of what's going on.

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