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Author Topic: I still can't believe these scams are supported  (Read 222 times)
Jackl87
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August 04, 2020, 05:48:39 PM
 #21

Well crypto attracts a lot of people, therefore everyday a bunch of newcomers join the scene who have 0 experience and knowledge.
Those people can easily tricked by a template website with shiny pictures and made up numbers.
Also: if you follow a few OTC channes in telegram you will notice how easy and relatively cheap it is to buy 1000 (fake) followers for your telegram channel.
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August 04, 2020, 05:50:17 PM
 #22

The ICO pump and dump from 2017 showed that many people made huge amounts of money in exchange of worthless tokens that
..snip..
We can really count the ICOs that are successful and also survive until now. It is only few of them. Whereas, the project that could hit hardcap in their ICO and now it is dead. You are right about these three things and they always happen:
1. never hit an exchange
2. if they did they only lost value to never recover again.
3. never had any real value or usage.
1. They only promised about listing on exchanges (on the website, they will always target the big exchanges), but they will list noting, likely disappeared after successfully gaining funds during ICO (like scams but very smooth ways).
2. Most of them are like this. They have listed on certain exchanges, no control and also development from the team and developer, there is no trading volume again, the price goes down to earth, very dump, and then dead coin and the team has gone before it becomes dead coin.
3. Most of them really have very good ideas but they do not offer the real one. Many of them also have rather similar concepts of the projects, sometimes they are nonsense.

Are they really the real scammers with very soft techniques?

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August 04, 2020, 05:52:57 PM
 #23

Looks like as soon as market has changed trend and bulls seem to be here and here for long, the same scammers from last bull cycle are yet again coming up with copy projects or totally fake projects just to raise funds in form of eth and btc because they know that even if they are able to raise small still it will become huge in few months when bull run will change to parabolic run. I do not know how these scammers do this again and again unless they are punished this thing cannot be stopped i guess.

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Sanugarid
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August 04, 2020, 07:56:23 PM
 #24

The reputable exchanges won't just list a project without further analysis and study. This is the reason why some projects can't really make it on better exchanges to list their token because of its lack of authenticity.
Well maybe, but not so, as far as I know exchanges has a certain requirements of  coin to be listed on their platform, and then if it is then they will start talking about the price, if the team has it then there will a scheduled listing. It is not really on the team behind the project, this isn't a thing when it comes to a business like this that talks about million dollars for a transaction. Besides, there are still fee for maintaining the coin inside their exchange, so if they can't stand paying those then exchanges will have to delist them. My point is that, they care less for the team or project itself, it's all about the money.

While the other exchanges, you are right. They will not care about its authenticity and also chase for the listing fee whether there is a volume or none after it's listed.
I think reputable or not they all go the same direction, coz they got nothing to lose coz it's not their fault for losing in the market.  Cheesy

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August 04, 2020, 09:28:00 PM
 #25

Most of the investors we have in the crypto world are just for the profit. The majority of the investors invest  in only projects that looks to provide quick and huge profit. Many don't care about the product. That's why they're so many projects that playvto the tone of those investors.  And this isn't healthy for this upcoming market. Investors have to care,  at least,  about what a project seek to solve. And its viability.
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