Baby Dragon
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April 01, 2020, 04:39:41 PM |
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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 right and that was the wrong practices of the people in which they are easily saying that the project is scam or the project is not legit even though without any proper research or any reading on the whitepapers of the projects so it is still bad because they are making a false information to others and may brought negative image to the projects. It's the problem with people, they just keep underestimating the potentialities of a project which may influence other people to do the same thing. Maybe people's I understand experiences changes their way of thinking as a person, but it isn't a valid reason to conclude that a project was a scam. Some of you are just afraid to get victimized by fraudsters, but don't judge too quickly that you don't even bother searching any information that may help you to determine if it's worthwhile or not.
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Mulann2
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April 01, 2020, 05:07:11 PM |
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Sometimes people are very emotional when the price is down, so some people will just accuse a the project as scam without any valid reason for it, they fail to realise that there are two side of market, when the market is up and when it's down, bear market does not signify a project is scam.
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GreenStox
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April 01, 2020, 06:19:34 PM |
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at least that's how it is now, people do consider coins with a falling value as a bad project, even though the reason could be that market conditions and btc prices continue to fall. No problem with that, they are just not familiar with market conditions like this
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Hellkas
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April 01, 2020, 06:55:49 PM |
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When people invest in crypto project or participate in some bounties they are waiting for fabulous profit and when they don`t get it, they consider that they are deceived so they write everywhere that project is scam
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Jannyh
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April 01, 2020, 06:57:26 PM |
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That is how it is with humans, perhaps because of so much losses and disappointment,once they see any project going to negative way especially in price,they forget that the market conditions can greatly affect a project,or it could be because of past experience from previous project they invested in and as such qualifying any project as scam is so easy.
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mersal
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April 01, 2020, 07:09:16 PM |
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Projects which loses its value when it reaches the market are not scam projects but they are shit projects there is a lot difference between scam and shit.Scam projects are not even existing projects they will run away with your money once the sale ended but shit projects doesn't not have any utility so their prices are going to hit the bottom when it reaches the marketplace.
Anyway in bear market you can't find which one is legit and shit so if you don't have enough experience on research then you shouldn't be invested on projects.
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bttmember
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April 01, 2020, 07:28:27 PM |
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This is kind of normal market behavior where people lack patience and want to make profit quickly as most of investors are in for hit and run or flipping where they keep jumping from one coin to other after taking profit but we know that this strategy does not work in bear markets and this time around we are facing elongated bear market that is why people feel discouraged and i know how it feels as i am also in the same ship. I hope market will take a turn soon.
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TIDOVEE
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April 01, 2020, 07:36:47 PM |
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Do you now mean there is no scam project? The only thing I can use to justify this scam project is that, there are some project that could not get up to what they budgeted and couldn't meet up with the payment promised and in the vein, escape. Their error is that they would not inform the participants. But however, it is still a scam.
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Slingshot
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April 01, 2020, 08:18:47 PM |
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The reason why people do that is because of some team reactions towards their projects in bear period. Some act as though it's not their concern by not updating users and not even standing for their projects. And some do even sell of all tokens during bear which makes their project not to even come up anymore. Not all coins survive bear period anyway. Just few that gave working product and real/ good team
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forexandcryptoauditor
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April 01, 2020, 08:46:04 PM |
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It's not only the price of the token that decides if the project is a scam or not. During or after IEO, we may come to know about development updates, team updates and can smell about scam projects. If the token is already listed, the exchange on which it listed, plays a big role. False trading volumes are now very usual things for scam projects and their exchanges. At whatever stage, we identify the project as a scam, we must leave it.
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BitTraderCute
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April 01, 2020, 10:35:25 PM |
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they vent their frustration after their assets value drop again for long time and dont know when it will recovered. and even some of them from bounty hunter shouting scam due postponed bounty distribution. investors and traders very frustation after market drop alot and they lost lot of money.
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STT
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April 01, 2020, 10:47:35 PM |
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The ironic thing would be the scam operation could easily have a booming price, a ponzi setup will often ramp prices in a misleading way. That line of thinking is like judging a car by the paint colour, pure face value judgement. Historically BTC had no real price to it for a long time, it was just a project idea mostly by those who understood it had some unique qualities to it. So thats all I'd call out for projects now, utility and quality to execution matters more initially then just price. Sooner or later every project will be tested and called upon in some way, hopefully most find themselves of good use.
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SistaFista
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April 02, 2020, 06:59:36 AM |
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They just frustrated and have no faith on cryptocurrency projects anymore because too many scams. I think we need to wait for the bear market to end, so we can find a good real project when we research thoroughly.
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trauchot
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April 02, 2020, 07:59:42 AM |
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Of course, there are a lot of different situations, if of course the project develops and its technologies and capabilities are constantly updated, but if the token price falls during the bear market, of course you can’t say that the company is scam, you just need to hold the token of this project until the cryptocurrency market begins to grow.
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maxreish
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April 02, 2020, 08:15:17 AM |
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Those people you are mentioning doesn't even know the word "platform". They've been judging a particular coin based on the price when bearish market exists but not the project's protocol itself. Doesn't even understand that the coin belongs to cryptocurrency where the price may flactuate. But, if ever they have experienced a bad situation from their previous coin, they shouldn't point their fingers to all the crypto coins. Reputable coins do exists even when they price fall.
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ViralNation
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April 02, 2020, 08:22:39 AM |
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The problem is most projects actually are scams lol
It takes about 10 minutes to make your own token and you can promise the world
I only focus on coins that have been invested in by large funds as I figure their auditing teams are much better than my own skills
some recent projects i've invested in include KAVA, Band, CTC, Gluwa, Perlin
and for the most part my returns have been good
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Davian144
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April 02, 2020, 08:40:11 AM |
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Of course, there are a lot of different situations, if of course the project develops and its technologies and capabilities are constantly updated, but if the token price falls during the bear market, of course you can’t say that the company is scam, you just need to hold the token of this project until the cryptocurrency market begins to grow.
Yes, we cannot directly say that the company is a scam, unless the company no longer works optimally, because the decline and increase in the price of tokens always occur even though the market is really stable.
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bittraffic
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April 02, 2020, 08:43:36 AM |
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The problem is most projects actually are scams lol
It takes about 10 minutes to make your own token and you can promise the world
I only focus on coins that have been invested in by large funds as I figure their auditing teams are much better than my own skills
some recent projects i've invested in include KAVA, Band, CTC, Gluwa, Perlin
and for the most part my returns have been good
The projects weren't promoted here I guess since I haven't heard of them but users in some bounty platforms like bounthive and the likes are going to learn these projects because the users there are doesn't investigate which is scam. They only knew it when its too late and they are scammed already and didn't got payment after promoting.
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X-ray
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April 02, 2020, 09:18:47 AM |
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they vent their frustration after their assets value drop again for long time and dont know when it will recovered. and even some of them from bounty hunter shouting scam due postponed bounty distribution. investors and traders very frustation after market drop alot and they lost lot of money.
I do agree with it if when they were feeling stressed to see their assets were doing down so much and they are looking for alternative thing that needs to be blamed. BTW this is always happening anytime when people called anything as a scam when they were getting a big lose in the game. That's why they must be careful with any decision.
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srcarreira
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April 02, 2020, 09:38:19 AM |
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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
a good project is not measured by it's trading price, I agree on that. However, I think a good performing project should be trading period. Bad project could artificially cut the supply in order to get price higher, but that doesn't mean this project will be easy to sell/buy. Liquidity means almost everything for cryptocurrencies (and currencies in general I'd say)
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