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

[doctor877]

Most times a good project is not measured by it's trading price. But a good performing project should be trading at a good price. Majority of these projects are not communicating with their community and also not developing anything. The effect of this is very visible on the price. Bear market is affects every projecr with different range. But a good project will quickly recover after any dip

[btcdie]

Yaps, the person said by the OP may be a beginner who is new to the world of crypto, and all of the development of the project is only based on a price or value, even though the assumption is not entirely true. in the bear market the fall in altcoin prices is a natural thing, especially also the panic of traders and investors due to FUD news that spreads related to the project.

If a project is solid and the team is also active in developing the project, plus the products they offer are very interesting I think even though when the bear market is not very influential on prices.

[gundala]

That is the narrow thinking that we must avoid. Some people are just money-oriented so they think about how to get as much as possible right away. Without thinking about the long-term effects and other factors that support and hinder price movements. I really hate people like that, usually just demanding, spreading hatred.

[jossiel]

It's more of a domino effect because the majority of the projects that showed dump for their price before have been seen to be performing like that, as a scam.

But calling it a scam without strong evidence or hint, I guess it's just part of the frustration.

[tippytoes]

It's more of a domino effect because the majority of the projects that showed dump for their price before have been seen to be performing like that, as a scam.

But calling it a scam without strong evidence or hint, I guess it's just part of the frustration.

If there is no trading movement after the dump, then, more than likely the dev exited already. Because if there will be real development, they won't let their coin die in exchanges. They will find ways on how to keep it alive. But if months passed, and no news or updates. They certainly abandoned the project.

[Kiefner]

Unfortunately, this is the case. Most people really don't go into the details of projects at all and just make a conclusion based on the price of the coin. But in most cases, projects do become scams. So this is a very twofold situation. We can say that just based on this fact, people make a hasty conclusion.

[Kotone]

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.

I think people that think of that are those who are not open minded. Just because value has turn down they already concluded scam one. With the bear market, funds are not easiliy raised and even developer are having a hard time dealing with it. What worse is those that creating fud or scam are those people without any investment at all in short the bounty people.

[Python Master]

That is the psychology of man, when they are disappointed and impotent, all they can do is yell out, saying shit about those projects. They do that as a revenge action and this will make them feel better. Psychology of human is the same and repeatable, so we see kind of those actions many times in every channels of those projects

[Sanitough]

That's why majority makes mistake in investing in crypto because they are too emotional, when the value of their investment fall significantly, they seem to panic easily, and you know what? that's what the whales likes to see as they can take advantage of the weak hands.

Actually its not only on altcoins but in BTC as well, look at the market now and tell me there is no panic, what we are seeing is the weak hands are dumping again, they may regret investing but its the reality, if they can't wait they'll dump and whales take it.

[thiscomm]

I agree with you. because for now with the current bear market conditions we should help by promoting the Altc project instead of appointing it as a scam program. not all programs developed by Altc are scams, but to ensure that we can ask the project developer directly through their group telegram channel. I'm sure the developer will provide whitepapers and their steps in the future. with current market conditions there are indeed many programs that haven't registered their coins in the market, so don't say it's a scam. they just wait for the bull later and the tokens you receive will be expensive in the market.

[Gudubobo]

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.

Once a project has the coin going down in price, that mentality comes in most people. It's really very bad because not only does it affect the project, it affects cryptocurrency in general. Then again, that name shit given to coins with very low prices doesn't make sense at all. Like you rightly said, the market determines these prices not the project. If people so wish for the price of a coin to go overboard, why not invest huge and help push the price up, why condemn it?

[Iyanjr]

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.

when bad times happens people are desperate and looking for magical solutions they don't understand.
Most of the people are aware of crypto in general, but have 0 idea what it actually is.
So in order to multiply their holdings they invest in crypto with high expectations which obviously won't met.
And those angry people don't know where to do else than leaving negative feedback on decent service

[JeotQ]

Bear market can expose crappy projects or kill off weak projects but you should understand that humans have different ways of judging things, we investors are here to make gains but many investors can't digest loses from their portfolio, once a coin start losing value they start complaining

[FanEagle]

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.

Honestly, the biggest reason is lack of communication from the teams and failure to keep doing something. If a project is fine and there is nothing wrong with it and team is not a scammer and actually decent, people could still call it a scam if they do not work on the project constantly, I mean you can't just expect to do a project and when you release it just be done with it, that is not how it works, you need to actually work on it and make a difference every 3 months.

However, there is also fact that even if you do not do too much, you should at least talk with the buyers, on telegram, on slack, on discord or whatever you want and keep it updated, your twitter feed should be 3-4 tweets per day at least, keep in touch with the world. When you do those two you won't be called a scam.

[isaac_clarke22]

Actually it is kinda hard to see better projects these days,imo.
This bearish market kinda hides every possibility of the great projects, and we might expect this to continue for more weeks or even months if we don't recover. This is only when people looks into the price of the coin itself rather than the "content" of the project.
If people are kinda having the anxiety of investing right now, it would be better to wait for the return of the bulls. Bitcoin is still kinda down to 5k, just yet.

[letyouearn]

Yeah, people are thinking with their heart not their mind
Arrgh, I've lost 50$ of my investments if I sell at the current price, damnit... This is scam, all the devs are bastards!

[qazgroup]

I think it is because people want value out of each project and each of their investment, if someone is investing his basic aim is to profit and that too in the shortest possible time frame as possible so the project teams should always keep this aspect on their mind. Personally i do support projects even if they go ico prices during down trends but if they go beyong 10x below ico prices then there is something wrong and people will raise fingers including me.

[XCANA]

Any project that is not working after ICO or IEO is likely to be called scam project because investors money will not be return to them as the project itself is not working. Project that the team aren't developing the project can be term scam project. Also, many other projects with secret team members can be a potential scam, this has happened many times and will Continue to happen till the investors learn their lesson. Bearish market is not a determinant of scam project, scam project are bad project without anything to gain in return for investment in their platform.

[cytpoway121]

I think projects do not get termed as scam just because it dumped in price.

The most important factor considered is the 24 hr volume of such project, of what value with a coin which crashed with a 24 hr volume of 1000$ be to the crypto space ?
And if we are being frank and honest with one another, 80% of altcoins in this space are all scam with not one use case.

[Youghoor]

That's the typical attitude of people who are into a project for quick gains and not necessarily what the use cases of the project can offer humanity. However, in situations like these when such people decide to sell off their holdings take advantage of it and buy the dip. But do so with projects that you have made the necessary research about and know they have a market once their products are fully developed.