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

[Japinat]

It's only a bear market for scam projects too.

And even good projects because usually they dump when they are in exchange, only few of the project now are really profitable or able to keep their IEO value once live in an exchange.

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

I'm not sure if this is the project you are talking about - https://coinmarketcap.com/currencies/creditcoin/markets/

I saw the graph, its rising, but it's traded in Bittrex as per exchange written on the information.

[miklesm]

The most people on the cryptocurrency market are searching only for profit, so any projects do not meet their expectations are called scams as it is much easier than to admit your investment mistakes.

[BitcoinTurk]

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.

In fact, although this is entirely dependent on people's prejudices, it is also related to the events we experienced in the past. Especially in the period when the ICO frenzy was experienced, unsuccessful projects showed itself only during pricing, which was established as an evaluation method in people's minds. Yes, we can undoubtedly qualify the projects of teams that do not work at the ICO stage and afterwards as scam, but we cannot qualify a project that has an existing and hardworking team as a scam only because of its price. It is not an abnormal situation that many projects are not successful in terms of price, especially if it is considered that there are bad market conditions today. I think it is just a big fool to make a positive or negative criticism about that project without research, without looking at the work of the team and without knowing about the project.

[ballerin and giroud]

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 noticed the utilization of scam and shitcoin sentence is so close. When the people try to buy a coin and the coin only have a downtrend market then they will also says that the coin is scam or the coin is being shitcoin. Moreover with the news project that most people tend using them as short term investment they will only sell the coin when they got profit. And I just thinking that new project that popping up right now will have more chance to become shitcoin, whatever the project is and its function for the industry of cryptocurrency they will say shitcoin at the end.

[Reatim]

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.

Because it is become a trend already that if a project did not meet Their Promises it will turns a Scam right away for the investors and hunters.
Look how many projects comes to that end in 2018 and 2019 until now 2020 still promises is not been fulfilled.
there are few projects that i am following over the telegram and other social media site that they are still selling lies and that is why i believe why people is that easy to say that project is scam or still scamming.

[skeleto88]

Those people might have been fed up of all bounty projects that have been floating around in the crypto space. We cannot take away that kind of mentally since or maybe they always want to gain profit or they always think only those good projects a valuable or profitable projects. They must learn how to deal with bear situtations as they will always see projects bloody in read wether it is a good project or not. As far as I know as long as the projects has been listed, operating and producing their products and services it cannot be considered as scam, only those projects that are no longer functioning and right even in their ICO phase and had gone in the air are most probably scam projects

[bitcoinst]

The most people on the cryptocurrency market are searching only for profit, so any projects do not meet their expectations are called scams as it is much easier than to admit your investment mistakes.

But how else to call a project that fraudulently attracts people to support and ultimately is not responsible for their words?
The problem is not that people cannot make money, but that projects initially expose themselves to be what they are not,
misleading people and giving them unjustified hopes.

[AbNewton]

Bear market is not an excuse to justify how badly a project falls down. Yeah we know every cryptocurrency falls in bear market too but when it over, those cryptos rise back right away. Could that project do the same?

[bluebit25]

The most people on the cryptocurrency market are searching only for profit, so any projects do not meet their expectations are called scams as it is much easier than to admit your investment mistakes.

Absolutely agree, even Bitcoin and leading altcoins in this market are called scams if it is not profitable for investors. They only care about their profits and not the future of this market, when they lose money they will make bullshit and baseless accusations.

[TopT3ns]

The most people on the cryptocurrency market are searching only for profit, so any projects do not meet their expectations are called scams as it is much easier than to admit your investment mistakes.

Absolutely agree, even Bitcoin and leading altcoins in this market are called scams if it is not profitable for investors. They only care about their profits and not the future of this market, when they lose money they will make bullshit and baseless accusations.

so far many people that I know of almost all new traders who still don't know too much about cryptocurrency they will do that when he can't get profits, so I'm not too surprised to see people like that because usually people like that will be told to keep me hold assets not to sell at low prices.

[Abiky]

Absolutely agree, even Bitcoin and leading altcoins in this market are called scams if it is not profitable for investors. They only care about their profits and not the future of this market, when they lose money they will make bullshit and baseless accusations.

This shows the level of immaturity among people in the mainstream world. Most of them don't know how crypto works or how Blockchain technology could be beneficial for them. All they care is to fill their pockets with money. The moment they see prices going down the drain, will be such where they'll declare the project they're investing as a scam. It's important to always do your own research before making such claims. As long as a crypto project is able to deliver real use cases for the mainstream world, it'll survive for a very long time. Prices in terms of Fiat means nothing, as crypto was created to be largely independent from the world's monetary system.

If people would've focused more on using crypto for daily payments instead of a speculative instrument, things would've been a lot more different than what they are right now. Unfortunately, the lack of education in the crypto industry has led people to spread misinformation within the mainstream world. Bear market or bull market, what matters is mainstream adoption for any given crypto project. If that's missing, I don't see it going anywhere. Just my opinion

[posi]

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.

Because it is become a trend already that if a project did not meet Their Promises it will turns a Scam right away for the investors and hunters.
Look how many projects comes to that end in 2018 and 2019 until now 2020 still promises is not been fulfilled.
there are few projects that i am following over the telegram and other social media site that they are still selling lies and that is why i believe why people is that easy to say that project is scam or still scamming.

You make a good point and this reminds me of the saying "once bitten twice shy". Those projects that sell lies are the reason why most investors and bounty hunters easily tag the newest project that didn't lift up to expectation as a scam project.

[Crypto5060]

It's easy to undermine the efforts of the team because it's not reflecting in the price but let's not that some projects are scam outrightly.

[adzino]

You probably don't know much about these projects, do you? They don't just stop working because of the "bear market". They stop working because they managed to successfully scam their investors (and the bounty hunters included). Just because a bear market is going on doesn't mean that they will stop updating its users about what is happening. And if you really think they stopped working because of the "bear market", then why don't they return later when the market is back on rise?

[dx5]

It's basically now a term for a project that it's no good and you will lose your investment. Like a scam. But yeah, too many people use the term loosely.

[Kasabus]

You probably don't know much about these projects, do you? They don't just stop working because of the "bear market". They stop working because they managed to successfully scam their investors (and the bounty hunters included). Just because a bear market is going on doesn't mean that they will stop updating its users about what is happening. And if you really think they stopped working because of the "bear market", then why don't they return later when the market is back on rise?

The one you are telling is obviously a scam project. But when bear market strikes, dumping of prices are really happening but if a project is a legit, the team behind the project will continue to update about the project and won't never stop until the project comes to an end. Unlike a scam project that will suddenly vanish out of the blue without even the knowledge of the bounty hunters.

[bitkanu]

It's easy to undermine the efforts of the team because it's not reflecting in the price but let's not that some projects are scam outrightly.

Ah if you are seeing the recent chart about the comparison between the activity and the price that has already happened with its own asset and you will see the majority of projects have already shown good performances at all. I think that you must see that as soon as a possible dude. Some people feel stressed caused by they have been losing their money from the whale.

[Doranile432]

Bad projects are of different levels, some projects will perform worse in any market condition, some relies on Bitcoin uptrend movement, projects that are pump and dump or copycats are worth calling scam, one reason why coinmarketcap is useful is rating on projects, go for top coins only

[miningguru]

Bad projects are of different levels, some projects will perform worse in any market condition, some relies on Bitcoin uptrend movement, projects that are pump and dump or copycats are worth calling scam, one reason why coinmarketcap is useful is rating on projects, go for top coins only

Even some time CMC is not accurate in order to find the potential coin because many fake companies are using bots in order to trap the investors. Of course, every company will fail to generate enough volume during the bear season and that's why many people will suggest choosing top volume coin for investing.

[Thomas-s]

Bad projects are of different levels, some projects will perform worse in any market condition, some relies on Bitcoin uptrend movement, projects that are pump and dump or copycats are worth calling scam, one reason why coinmarketcap is useful is rating on projects, go for top coins only

60 percent of coins on the coinmarketcap are also scammers. Coinmarketcap adds projects not because they are bad or good. terms of addition are trading volumes and capitalization. these criteria can often be created artificially to get listed on this platform