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rdewilde
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April 23, 2020, 04:59:47 PM |
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Do not be fooled, Cov-19 doesn't disturb new project from launching, few new projects are using Cov-19 to make excuse, good quality projects don't see any reason to hold because of the pandemic, any project that do this should be considered as Controlled by weak team
Actually it might be true and workable, at the same time might not be true. From one side, this pandemic is not helping things at all as almost every business, organization etc is feeling the hit, and thus most people aren't making money because of lockdown but spending the ones they have. On another side, most people might be looking for another way to make money and thus might see it as an opportunity to do so. All in all, it depends on the project and how solid their idea is. |
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Even in the event that an attacker gains more than 50% of the network's
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reversed or double-spent. The network would not be destroyed.
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forexandcryptoauditor
Copper Member
Jr. Member
 Online
Activity: 1162
Merit: 3
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April 23, 2020, 06:20:33 PM |
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I see projects like SHENG and GAIMIN are taking advantage of the situation. How to use the current situation and while working on it, get move on without getting impacted, is shown by them.
On the other hand, projects which were already decided to shut their offices and scammers now got a good reason for the current pandemic situation. This is true that it has a worldwide impact but legit projects are still with their roadmap.
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Twinkledoe
Full Member
 Offline
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
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April 23, 2020, 08:34:03 PM |
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Projects that use such excuses obviously do this in order to lull the vigilance of investors.
I don’t like this approach because it creates an amosphere of lies between the project and the community.
It’s better to tell the truth that fundraising is not going as well as planned, but we are doing everything possible to improve the level of our trust, and not vice versa.
Yes, fundraising during pandemic is really tough. The team can proceed with their developments if they have their own money to spend with but if they will rely with the funds from public sale, then that's the problem. Not many people can afford to send investments in crypto. They have other priorities right now as a lot of them don't know yet their future. They should be transparent about their developments if they will gonna rely from funds from their token/coin sales or not. |
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Kotone
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April 24, 2020, 03:38:44 AM |
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I see projects like SHENG and GAIMIN are taking advantage of the situation. How to use the current situation and while working on it, get move on without getting impacted, is shown by them.
On the other hand, projects which were already decided to shut their offices and scammers now got a good reason for the current pandemic situation. This is true that it has a worldwide impact but legit projects are still with their roadmap.
I did joined the campaign for sheng global and now they are resuming their campaign. I would not say that they are taling advantage like what OP emphasized, since covid19 is really a huge pain in the ass, for some reason some projects using this as an excuse but exempt those just started and been affected like 2months before this. Of course there is an impact on them too. Try to be understanding cause they not even like what happened or any delays on their project. |
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blockman
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April 24, 2020, 03:47:32 AM |
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Do not be fooled, Cov-19 doesn't disturb new project from launching, few new projects are using Cov-19 to make excuse, good quality projects don't see any reason to hold because of the pandemic, any project that do this should be considered as Controlled by weak team
Weak team? I don't think that they are weak team if they will stop for the meanwhile. I mean everyone is affected by the covid-19 and it's up to their decision to continue or be on hiatus. They can work at home but it doesn't mean that they can continue it as if their time will only be dedicated for the project, it's their time to spend with their family and be updated most of the time with the news and current affairs of their locale. |
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AD Node
Member
Offline
Activity: 140
Merit: 57
https://streamies.io/
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April 24, 2020, 04:52:43 AM |
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Look at bitwings, it's a token project, the IEO is already fail and should be ended this month, and guess what now? They postponed to the end of this year because Corona make it fail, the IEO is running form more than a year.
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Reid
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April 24, 2020, 05:17:54 AM |
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Is there a problem with that?
We are all in the same trouble right now but some of us are in the worse cases.
Maybe they have the right reason for it to be stopped?
What if their workers cannot do their job as how it should be because they cannot go outside.
You might want to ask the project which you are supporting for what the reasons could be.
Then you tell yourself if it is a legitimate reason.
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Davian144
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April 24, 2020, 05:44:17 AM |
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I see projects like SHENG and GAIMIN are taking advantage of the situation. How to use the current situation and while working on it, get move on without getting impacted, is shown by them.
On the other hand, projects which were already decided to shut their offices and scammers now got a good reason for the current pandemic situation. This is true that it has a worldwide impact but legit projects are still with their roadmap.
Yes, and from that also it has been proven that SHENG is a legitimate project and is not affected by the reasons for the Covid-19 pandemic that is still happening today, the team continues to work as they have written in the roadmap.
Sheng project has been stopped? I saw them complete IEO last month, I thought they were successful in this market. But if they stopped just like you said, then it is really worrying about this project
Try to understand first the statement that was said by forexandcryptoauditor, so that you are not surprised and knowledgeably in a project that you did not follow, hello friend, it is a bad thing, and I will provide a little evidence for you here, so you can understand and find out that the SHENG project has IEO for round 2. Source: https://sheng.asia/ https://www.probit.com/en-us/ieo |
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rahmatullah9305
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April 24, 2020, 05:55:41 AM |
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I see projects like SHENG and GAIMIN are taking advantage of the situation. How to use the current situation and while working on it, get move on without getting impacted, is shown by them.
On the other hand, projects which were already decided to shut their offices and scammers now got a good reason for the current pandemic situation. This is true that it has a worldwide impact but legit projects are still with their roadmap.
Sheng project has been stopped? I saw them complete IEO last month, I thought they were successful in this market. But if they stopped just like you said, then it is really worrying about this project Don't misunderstand the phrase given by forexandcryptoauditor bro, he did not say that the SHENG project stopped, because he knew that the SHENG and GAIMIN project teams continued to do their work according to the road map they had prepared before, and they were not at all influenced by Covid-19. |
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tbterryboy
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April 24, 2020, 06:11:21 AM |
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Do not be fooled, Cov-19 doesn't disturb new project from launching, few new projects are using Cov-19 to make excuse, good quality projects don't see any reason to hold because of the pandemic, any project that do this should be considered as Controlled by weak team
A team that is still new to cryptocurrency might not know what to do at this kind of time. It’s true that the cryptocurrency market has been affected in some ways by the covid-19 pandemic. Ever since it started there has been an increased difficulty for projects to raise capital. Things have changed a lot, and some businesses are finding it difficult. I do know that a lot of people are at home now and they are all surfing the internet and looking for ways to spend time and have fun, but is investment really part of it? Investment might be, but not much, the concern for most people now is to provide for themselves and their family, unless you’re someone from a rich family. An average or poor people will find it difficult to invest any money now. |
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ViralNation
Newbie
Offline
Activity: 70
Merit: 0
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April 24, 2020, 06:13:25 AM |
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COVID 19 is a big problem in developing countries like Nigeria.
Which is why coins like Creditcoin are trying to fix the existing issues. For example I have read that through Aella they are working to build an affordable health insurance system for Nigerians, utilizing blockchain technology.
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Bitbtc8
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April 24, 2020, 06:19:44 AM |
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For every crypto project that wants to launch lack of fund is the first reason to failure, raising funds is online, building crypto project is online, how is the virus outbreak affecting this? Team can get together through online video calls to discuss, it's not an excuse to hide because of the outbreak
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akitha
Member
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Activity: 742
Merit: 10
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April 24, 2020, 06:31:07 AM |
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it's true, there is no reason to delay those projects.. its up to the crypto people weather they will invest or not.. if they have a good project and confident about that there is no reason to delay..
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siddartha1492
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April 24, 2020, 06:39:53 AM |
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LOL, this is what I was discussing with my friends yesterday. Most of the projects are citing covid as delay for their project updates. But I guess to some extent they may be right. People can work from home but people are getting sick also. And working from home is not as productive as in a office. So definitely things will get delayed for most projects.
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shoreno
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April 24, 2020, 06:40:53 AM |
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Good or bad quality , they all both can make excuses and that can be related to virus or not .
It's not our business anymore to question this because what if their health are at risk here or someone health or they need to attend something outside their business ? But as long as it is valid of course . There are even projects that dissapear immediately without a trace and this much worster than those who are making excuses
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zaim7413
Sr. Member
Offline
Activity: 1232
Merit: 332
Vave.com - Crypto Casino
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April 24, 2020, 06:44:42 AM |
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it's true, there is no reason to delay those projects.. its up to the crypto people weather they will invest or not.. if they have a good project and confident about that there is no reason to delay..
Yes, it is very clear, because delaying a project that is being run by the team is the same as making the project dead, because the average that has been delayed is very difficult to be resurrected as before, so it is better to keep running than to have to postpone. |
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fortunecrypto
Legendary
Offline
Activity: 2450
Merit: 1047
thecryptocurrency.directory
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April 24, 2020, 07:43:00 AM |
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it's true, there is no reason to delay those projects.. its up to the crypto people weather they will invest or not.. if they have a good project and confident about that there is no reason to delay..
Yes, it is very clear, because delaying a project that is being run by the team is the same as making the project dead, because the average that has been delayed is very difficult to be resurrected as before, so it is better to keep running than to have to postpone. If they have collected enough funds then they can continue but if not, them it's better to postpone or paused the project and ask investors if they want a refund, but with a promise to resume once everything settles up, only the best project that is holding an ICO can keep running at this point in time. |
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Dhoe
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April 24, 2020, 07:51:47 AM |
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Do not be fooled, Cov-19 doesn't disturb new project from launching, few new projects are using Cov-19 to make excuse, good quality projects don't see any reason to hold because of the pandemic, any project that do this should be considered as Controlled by weak team
I disagree if those who make excuses because Covid-19 is a weak team, we also have to look at how the government of a country that prohibits people from leaving the house, And of course that will have an impact on the development of a project, indeed everything can be controlled by the internet but I think it's not very good. |
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xSkylarx
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April 24, 2020, 07:58:47 AM |
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Do not be fooled, Cov-19 doesn't disturb new project from launching, few new projects are using Cov-19 to make excuse, good quality projects don't see any reason to hold because of the pandemic, any project that do this should be considered as Controlled by weak team
We cannot really tell if it's judt an excuse or not. As you can see, the pandemic had cause some countries to be strict to flatten the curve, not to mention econmy is crashing. You need to understand that other projects need to comply with what their government is implementing and maybe this is also affecting the project. |
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Onuohakk
Member
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Activity: 672
Merit: 29
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April 24, 2020, 12:12:54 PM |
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I don't agree with your findings. The pandemic is affecting new and existing project from launching their project. Assuming a project is been launch, who will invest into in it when nothing seems to be moving forward. As far as I know many investors are not ready to invest with their upkeep money when they don't have means of getting money.
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