Why people are calling projects as scam when they are in a bear market?

[luckyflop]

yep it can affect the reputation of the project if these people keep calling scam projects. They should know that this bear market can also affect the projects, it is difficult to reach their goal if the market is still down. 

As long as new projects delay distribution of tokens, they will be considered scam projects. That's the thinking of bounty hunters, they often use unsuitable words for new projects if those projects decide to delay the token distribution.

[itsv]

yep it can affect the reputation of the project if these people keep calling scam projects. They should know that this bear market can also affect the projects, it is difficult to reach their goal if the market is still down. 

As long as new projects delay distribution of tokens, they will be considered scam projects. That's the thinking of bounty hunters, they often use unsuitable words for new projects if those projects decide to delay the token distribution.

yes it's true but sometimes it's mismanagement and lack of planning on the team's end as well. I am not saying that company or project is to be blamed, I think this type of situation can be solved by effective and respectful communication. There are many projects out there who doesn't even bother to post regular updates on social media to keep the investors and community in the loop that's is where people get the idea maybe they left and it's is a scam.

[Juggy777]

yep it can affect the reputation of the project if these people keep calling scam projects. They should know that this bear market can also affect the projects, it is difficult to reach their goal if the market is still down.  

As long as new projects delay distribution of tokens, they will be considered scam projects. That's the thinking of bounty hunters, they often use unsuitable words for new projects if those projects decide to delay the token distribution.

yes it's true but sometimes it's mismanagement and lack of planning on the team's end as well. I am not saying that company or project is to be blamed, I think this type of situation can be solved by effective and respectful communication. There are many projects out there who doesn't even bother to post regular updates on social media to keep the investors and community in the loop that's is where people get the idea maybe they left and it's is a scam.

In my personal opinion it’s difficult to censor what people say, but the ICO owners can always appoint a representative who explains to those upset users about the current situation. Also @itsv investors these days don’t want to hear the standard replies, and that’s why the representative can explain them in more details and roast the claims that the ICO has turned into a scam project.

[Tomohisa]

I've seen few projects in the past that people talk bad about them but later the projects prove them all wrong, how about that? What people says won't have impact on a project, the team only need to concentrate on their development and show the world what they are capable of

Would you mind sharing the name of those few projects? Cause, of course, people shit talk something new but the line between scam project and new project but young and potential is hugely different. Not good to use the name of those big and successful project at today to justify 'give it a chance' toward any project that has all red flags indicate its or could be a scam.

[darewaller]

Well, there are a ton of people who have talked with others about a project and everyone is usually quite hyped about it before it is released, or maybe even after it is released. As soon as they realize that they are not going to profit from it like they talked about, but they will also lose money because of it, they start to call it a scam because they feel like they were tricked.

Now, there is no scam in some of them, the team works on it, they are improving it, but sometimes community just decides to sell and when one sells and drops the price others follow and suddenly you have a huge drop in the price and everyone calls it a scam, why? Because some people sold.... In the end all we can do is just watch them do that, not that we can change peoples opinions that easily.

[tbterryboy]

Has anyone imagined that even bitcoin gets called scam so maybe it is normal that others would get called scam as well? There are countless amount of people who call bitcoin a scam and calls it "a way some people are making money from the gullible" like they think people buy bitcoin from one source without really knowing what bitcoin is.

So, when you think about it, it is normal that altcoins and specifically smaller timers do get some sort of scam calling because that is how the world works, when people can't make money from it either because they didn't invested or maybe invested but lost, they will call it a scam. Some of the projects could turn out to be scams, some of them could turn out to be bad teams and creators, some of them are innocent but all will be called scam since that's what people do.

[joinfree]

Those are mostly comments from noobs who invest in projects with the aim of making tons of money in the shortest time. During those times especially in 2017 when ICOs were booming with profits news got out there about the quick way of making money by investing in crypto projects. This is the concept most noobs have in mind when investing so when things go the other way of a bearish season they start calling out scams.

[valuater]

maybe because most projects that experience a downtrend always bring their own horror, for example, titanium blockchain this project before when there was no drama about hacking and disputes between their teams the price of token was $2 and had a pretty good volume but after that the price of their token was immediately destroyed and it only touched 0.2$ and now this project has been closed. but as far as I know there is still a coinmarketcap and many other examples project, only now this fear problem is always wrong perception and many people think the problem is only on price, even though the real influence could be on the others for example the delayed roadmap or token utility project only has a small volume and a listing on an unfamiliar exchange causing the project to not develop.

[mrdeposit]

It is an emotional reaction because these investors are scammed multiple times. They make the wrong choices and these choices cost their time and dedication. I also don't jump to every new project even if their whitepaper is well designed.

[Sanitough]

It is an emotional reaction because these investors are scammed multiple times. They make the wrong choices and these choices cost their time and dedication. I also don't jump to every new project even if their whitepaper is well designed.

We have a similar experience in the past, I also got scammed and I think I am still scammed until now as slowly my coins are losing its value.
There are only few altcoins that are still surviving in my wallet right now but I don't want to blame the team or anyone as in the first place we already know the risk and personally I already made good profits bad then, I lose some and win some, at the end of the day, it's important to be profitable overall.

[litepool.ru]

yep it can affect the reputation of the project if these people keep calling scam projects. They should know that this bear market can also affect the projects, it is difficult to reach their goal if the market is still down. 

The bear market greatly affects the future of projects, even weak projects will die if the bear market lasts. From 2018 to the present, I have seen thousands of altcoins have died because they could not overcome this difficult period.

[Zeke_23]

Maybe because they have experienced something similar in their past.
People tend to say anything even without any proof just because this is how they feel, most of the time, they can easily judge projects because of their experience without knowing the real thing.
We can't blame them in this case, but the only thing we can do is to prove whether if they are wrong or not.

[Abiky]

I kinda noticed that people will just easily call a project scam without even researching about the project, their judgement is solely based on the price and does not consider that most altcoins are affected by the bear market. If they can't change their mentality, this would affect the reputation of the project, this is like destroying a project's reputation in bad times, instead of helping them.

That's because people are into crypto for the money instead of believing in its core technology. They don't take the time to perform a research on crypto projects, as they don't care about Blockchain at all. As long as a coin is able to make people lots of money, it'll be considered as "legitimate". Shame on them, since crypto is not about getting rich quick. It's about how useful it is for daily situations in the mainstream world. Some cryptocurrencies are good for decentralized finance (like Bitcoin and Ethereum), while others are good for censorship-resistant applications (like Ethereum, Cardano, and EOS). It's all about the technology instead of profits.

Judging a cryptocurrencies' success based on its price is a bad idea if you ask me. Unfortunately, most people use Fiat as a unit of account to determine crypto's value. But experienced crypto users know that crypto was created to be largely independent from the world's monetary system. As long as the ignorance continues, crypto will continue to see reduced adoption over time. Bear market or not, crypto will always be the same in my eyes. 1 Bitcoin will always be equal to 1 Bitcoin no matter what. Things would've been different if we used Bitcoin as a unit of account instead of Fiat. Expect to see many people "hyped" with useless projects in the crypto space once a bull market takes place once more. Just my opinion

[olabiyijummy02]

I think before you call any project scam out rightly then the project should have truly defrauded people or have the clear intentions of doing so.  A project that is not delivering in terms to its development cannot be called scam because there might actually be factors that are hindering the team from meeting their milestones. And the bear market might also be a factor that affects a project progress.

[ampere]

Most people call out projects as scam in the bear market mostly because the investment has gone wrong for them, which can be a little bad.
And is some situations, the projects are rightly called out to be scam.

The best that can be done as an investor is to have a trading strategy that works for you, that way losses or rekts can be minimal.

[TheAndy500]

Its also a reality that there are many scam projects in crypto market that has destroyed investor confidence. But OP is true in saying that many competitors also destroys a project reputation to knock him out of the market. Its recommended to DYOR before you made any conclusion about project reputation.

[Stedsm]

Scam and bear markets are two totally different subjects.
Calling out a project a scam is worthless until there really is a proof of the attempted scam. Not all members go negative against a project even during bear times. See Pundi X, even if it fell down badly and is just falling only, people still believe in the project because of the fact that the team behind the project is hardworking, they deliver their promises on (or sometimes even before) time. Their community on telegram is always active and I can say that their products are worth it.

[Shallow]

I can say negligence is the cause here, that is, it is the reason why most people are quick to call a project scam during bear market. Everyone knows that bear market respects no project, once it starts, all projects dance to its tone but yet at this, it doesn't mean a project team should be quiet or leave the community in the dark, it is a wrong thing to do; it is through this ways that people starts bearing grudges which leads to name callings etc. What am saying in essence is that, when a bear market starts, the project team shouldn't stop development and also they have to be active to answer to the community and in return the community will cast their unfailing support.

[panganib999]

I kinda noticed that people will just easily call a project scam without even researching about the project, their judgement is solely based on the price and does not consider that most altcoins are affected by the bear market. If they can't change their mentality, this would affect the reputation of the project, this is like destroying a project's reputation in bad times, instead of helping them.

Totally true. People just keep on saying that such existing projects are all scams even without taking or doing thorough research about that project. That is why people are having false allegations about all projects because they mostly hear that projects are scams which brings negative impression and reputation even to those legible and good project because people easily judge projects by looking at the price and not taking good look of the project itself. All of the cryptocurrencies in the market whether Bitcoin or Altcoins are all affected by the current situation we do have which makes the prices low. It doesn't mean that when the price is too low it can already be considered as a bad or poor project because we are into a world crisis right now which takes a negative effecf on cryptocurrencies as well as with the stock market. This types of allegations are misleading people that projects are bad and it is not good to see misjudging projects because of the price.

[ViralNation]

It's only a bear market for scam projects too. Keep in mind non-scam projects such as Creditcoin which was invested in coinbase and y combniator has only been continuning to the rise,  regardless of the bear/bull status of Bitcoin.

legitamate products decoupled from bitcoin already