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Author Topic: Too good to be real projects  (Read 1072 times)
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March 12, 2020, 09:47:18 AM
Merited by CryptopreneurBrainboss (1), tk808 (1)
 #1

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time
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March 12, 2020, 09:53:15 AM
Merited by tk808 (1)
 #2

AI project which was launched a few years before but nothing was successful because there was less interest in the city so it was difficult to say that the project would succeed, they didn't end up scam but what they gave didn't pay off so I thought investors just wanted see what the developers are doing if they are able to AI according to their plans or because it is not developing due to lack of funds so many projects like this are rarely successful.

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March 12, 2020, 09:55:43 AM
 #3

To me A.I projects are all scam projects, they exist in a way of saying they never met softcap so they can't continue the development but to say the truth I have never seen any video on YouTube about these projects having any real Artificial Intelligence programs or setups, it's a fat lies

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March 12, 2020, 11:26:27 AM
 #4

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time
i agree, more of the a.i project is not even release any working product right now. Which is people wait that why they invested, too much promise from not real project is the problem since we dont know if they make that happen we just trust thier money to them. Without checking the background of the team member if they are capable to what they promised.

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March 13, 2020, 05:37:43 PM
 #5

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

Although I will not be too quick to tag all A.I projects as scams but I won't fail to point out that most projects ideas do not look achievable. Most projects just come up with beautiful written ideas and whitepaper to attract investors and nothing more hence the reason it's good to look beyond what's written on whitepaper and ask the team tactical questions to ascertain their level of knowledge on what they want to build. Most of the times they will ignore such questions, ban the person or even give irrelevant answer. Therefore it's about time we know that most teams will do everything possible to lay their hands on funds hence the need to analyse their idea to know if it is achievable or not.

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March 13, 2020, 06:13:23 PM
 #6

the reason it's good to look beyond what's written on whitepaper and ask the team tactical questions to ascertain their level of knowledge on what they want to build. Most of the times they will ignore such questions, ban the person or even give irrelevant answer.
The managers and the team many times are proactive and they usually have laid down/already prepared answers to possible questions they will be expecting from their investors, so they despatch answers to questions asked expertly and without any troubles, which would not make the project a success or make them do or achieve any of the answers they gave to the questions they were asked.

What this is to say is that investors should not always judge the legitimacy of the project with the way the team answers questions they are asked or with how knowledgeable they may seem, it may just all be a scheme.

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March 13, 2020, 06:24:22 PM
 #7

Personally when I see any project with promises that are too good to be real, I just consider such projects to be scam. Most projects are just giving fake promise just to sell out their ICO.
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March 13, 2020, 06:30:21 PM
 #8

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

It's not about the project really it's the people behind the project, if the people behind it are great developers with good background in their fields they can do what they are promised to do, because they are capable to do it, so even if the projects are to good to be true it can be accepted if the people working on it are capable and honest.

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March 13, 2020, 07:59:51 PM
 #9

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

I would not entirely say there are too good to be real projects, Crypto currency world is a world in which the unexpected can happen.
So there  should be no reason to undermine or underrate or belittle the excellent product any projects wants to create on the blockchain.

We can only do concrete research and choose the ideas we buy into, if it is achievable, or able to hype up the prices.
Most times, investors worry about their profit.

Always dyor.
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March 13, 2020, 08:09:47 PM
 #10

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

It's not about the project really it's the people behind the project, if the people behind it are great developers with good background in their fields they can do what they are promised to do, because they are capable to do it, so even if the projects are to good to be true it can be accepted if the people working on it are capable and honest.
What you say is quite true, The person behind the project is quite influential on the future of a project. But the fact that we see this year quite a lot of projects that end in fraud or disappear slowly. There is no serious development, they only make sweet promises to investors or their project communities.
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March 13, 2020, 08:25:18 PM
 #11

The first AI project I encountered was Keplertek. The project got a lot of audiences, but u was so surprised that it could not equate to the amount of fund raised. Although, the team came out to say that, they were able to raise softcap. After a long time and after investors had complained, saying it could be a scam, they eventually listed on a shit exchange. It dumped and today, I do not think it has any reasonal=ble volume. It has been deserted I cannot get more info from the team.
This experience made me not to believe in such a project again.
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March 13, 2020, 09:53:41 PM
 #12

Literally there are dozens of projects i have seen that have not fullfilled their promises some have just failed and closed the projects while there are many who have just been struggling to even come up with any solid development regarding their plans and promises made during the ico stage.

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March 13, 2020, 10:43:42 PM
 #13

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time
Nobody will believe them because they are talking nonsense and out of reality. Investors are aware already of this kind of play but somehow they find another trick just to continue their bad intention and unfortunately, they still succeed.

That is why, if we are planning to invest crypto, it is better to risk existing projects because our chances are high but not 100% of course. If we could notice the crypto market today, we are already surrounded by fake projects and that we should have to be careful coz all of them have a high and very attractive offer which can fool us.

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March 13, 2020, 10:51:25 PM
 #14

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time
Yeah, most of the projects are "all talk" and nothing else. Its not about the project being "impossible" to implement. It is more about how the developers abandon the project without even trying to develop. If a project fails even though the developers tried their best and worked hard day and night, I would never call that project a scam project. At least the developers tried. Project where the developers run away with the investors money are the scam projects.
Though I still suggest others to avoid all those new hyped project, because most of them are likely scam and investing on those projects mean you will be encouraging more of those scams.

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March 13, 2020, 11:23:30 PM
 #15

One of the biggest strategies used by a crypto developer to attract investors is by giving a promise of getting a big profit. but here the biggest mistake is the ambitious nature that often makes us forget that there will be no program that can make us rich in an instant. remember to keep using our logic by looking at current market conditions, because the market is still greatly affected by the conditions and state of bitcoin. if bitcoin just keeps getting worse then what about new coins.

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March 13, 2020, 11:44:29 PM
 #16

Becareful of fake promises from new projects.. snip
Never believe in sweet promises, exactly, especially in the world of cryptocurrency. The more they offer projects that seem very legit, tantalizing, and provide promising benefits, the more alarming. So you have to be really careful about analyzing it. Because the reality is not as easy as the legit promise. It could be that you are being scammed.

...how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time
AI technology may be promising. However, we must also analyze whether they are realistic or not, whether the team is trusted and professional in that sector or not. So far, I found less successful projects concerning AI. Well, be careful is a must.

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letyouearn
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March 13, 2020, 11:52:04 PM
 #17

People like bright ideas and fantastic future technologies. All these projects give people some dreams and hopes for their future. Boring projects won't get many investors Smiley

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TheClownSong
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March 14, 2020, 12:25:30 AM
 #18

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

In my opinion, new project investors basically speculate and hope that after the initial listing the price will go up. But in the midst of current market conditions and also amid the IEO trend, ICO is difficult to reach the target and investors are also traumatized by the many scams. New investors do need to do in-depth research about the developer team or the project so they don't get caught up in the scam project

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March 14, 2020, 12:44:11 AM
 #19

Just imagine a bunch of new projects comes out everyday and all of the projects saying good things such that it is too good to be true, however it is just a vision on their plan, the real thing is it would just be a promise in the long run. By the current market situation now, we should analyse first the project and read their whitepapers if they have the capability of being successful in the future.

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March 14, 2020, 03:13:59 AM
 #20

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, will never work on blockchain, at least not this time
Or more likely not needed at all. Some projects have been introduced but if you noticed their concept they are likely nothing related on blockchain but still they are insisting on putting up a project even its not necessary. These are the problem with some alts they are trying to incorporate ideas into blockchain even though it isnt matched. Dont invest on these types.

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