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Author Topic: Are we cheated by some good altcoins?  (Read 576 times)
jajorforce (OP)
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August 31, 2020, 11:13:27 PM
 #1

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
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August 31, 2020, 11:46:29 PM
Last edit: September 01, 2020, 12:07:16 PM by Hypnosis00
 #2

It has always been a trick. In fact, some issues have come that trading volume can be fake, the same thing that ranks can be fake as well. I'm not sure how reliable it is that is why I consider less on the ranking system but instead to look at how potential it was.
It was our responsibility and we are not risking our money just to lose but to expect profit after. But if we are not good at choosing coin for investment and we just rely upon on the rank, we're certainly giving a way to lose.

R


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August 31, 2020, 11:58:25 PM
 #3

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

Probably it was a speculations that came up to my mind, but in reality we we're affected by whales. They're dumping huge amounts that's why most good and stable altcoins went so dip from previous years and I consider it as not recovering even though we seen some attempt to increase.


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September 01, 2020, 12:16:01 AM
 #4

1:10 , INS:XNS swap was planned to dilute the price by the team. Team raised 45millions USD and certainly their swap made the investors angry. Devs are practicing deceptive theory, there. Smells fishy. And unexpected from the team. Overall analysis will prevent potential investors to dump money into it
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September 01, 2020, 12:41:23 AM
 #5

"good" altcoin? It's difficult to find a "good" altcoin.
Some altcoins may be good, but there are some part that is not good, every altcoins got different uses and how they work.
Speaking or INSOLAR, I got also some of these before, but I sold them immediately when they are still on trend on Binance Exchange before, and I believe this altcoin is already dead.

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September 01, 2020, 02:00:35 AM
 #6

1:10 , INS:XNS swap was planned to dilute the price by the team. Team raised 45millions USD and certainly their swap made the investors angry. Devs are practicing deceptive theory, there. Smells fishy. And unexpected from the team. Overall analysis will prevent potential investors to dump money into it
It looks like they were slowly robbing their investors and that's why it was getting delisted from the exchange sites. that's very shady

Dude, 3 years of vesting is not something that can be accepted by all of investors. I have seen so many investors were feeling stressed caused by that.

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September 01, 2020, 03:45:28 AM
 #7

i just thought that they did some trick to keep investors holding their coins. However, it would be odd to lock it for 3 years. I've heard this project was successful in 2017 or 2018 if I'm not mistaken, and then changed names. Well, if they do the things you mention, I think this project is starting to lose its faith. however, this you can ask directly on their official telegram, regarding the clarity of their program and development.

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September 01, 2020, 03:56:57 AM
 #8

Buddy that altcoin isn't no good altcoins. What you or your friend is holding is just another piece of shit and you better get rid of it before you regret even more. I understand if he'll be thinking of holding since probably he (your friend) probably is already in lost but sometimes it's ok to take some losses instead of losing everything.

When project founders begin to interfere with the price of their project openly (making it very obvious to the community) they just know something is wrong. Why  I said openly is because in one way or another each project has their price been manipulate indirectly either with rumours, token burning etc

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September 01, 2020, 11:38:52 AM
 #9

Why don't you sue them or something? It's obviously a fucked up projects run by scammers (or shady team). 3 years of lock-up is just madness when they don't offer anything else.
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September 01, 2020, 11:52:00 AM
 #10

That's a scam dude. I have been watching all of the stories and all of the swapped coins in the exchange sites were also getting vested for 3 years later.

I think that your friend got small coins caused by no more than 0.5% from the your total token will be released for the first year


I hope you can watch this https://t.me/insolar/515273

You can see how much percentage will be released in every year.

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September 01, 2020, 11:52:40 AM
 #11

Why don't you sue them or something? It's obviously a fucked up projects run by scammers (or shady team). 3 years of lock-up is just madness when they don't offer anything else.

look at their price chart. in continuous downward motion. dont think they are going to return to their price level 5 months ago. lets see if they can get those companies that will integrate their coin as part of their payment system as it will be announced this 3rd quarter of this year.


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September 01, 2020, 12:00:34 PM
 #12

There are so many coins coming out right know it is hard to keep track, and potentially they are all good that serve a certain point. It is just that some of them fail after a couple of years.   
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September 01, 2020, 12:14:36 PM
 #13

There are so many coins coming out right know it is hard to keep track, and potentially they are all good that serve a certain point. It is just that some of them fail after a couple of years.   
It can also fail in the next week or even just a day.
Not all coins that it looks promising, legit project, have a supportive developer could always be the same as from the start. It soon they'll change and their partnership may change as well. It all just Bitcoin and Ethereum are worth reliable for a long-term investment, not those projects that just coming by because it soon they will vanish.

I don't think it was a cheat but it just happened that the market competiton keeps stronger and those weak projects will never win but instead seeing them die.

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September 01, 2020, 12:20:48 PM
 #14

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

Wow nice seeing this coin recovered from almost dying,from the ATH of 10$ down to 0.13$ but now upon checking this one goes again to 0.61$ because i use to have this currency but sold it right away when i got mine.
and yeah suddenly weeks after the currency fells continuously and comes to almost dying one.
And i Think this project reached the HardCap before if i am not mistaken that's why i'm so disappointed seeing in the lowest price.
There are so many coins coming out right know it is hard to keep track, and potentially they are all good that serve a certain point. It is just that some of them fail after a couple of years.   
Expect the fails if the project really don't tended to stay for long and just for fast making money things that is  trending in altcoins now.
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September 01, 2020, 12:39:00 PM
 #15

It will just do more damage to all the investor and holder. 3 years locked when their trend is downward that's just a big NO  Roll Eyes and I'm sure people with right mind will be angry at them though I doubt they will care about people's opinion.
Considering that even in 1 month a price of a coin could change significantly 3 years is simply insane.In my opinion you're being cheated but that's just my opinion. I think you should find anyway to get back your money otherwise you are just waiting 3 years for nothing basically waste both your money and time into something that probably just gonna makes you disappointed.

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September 01, 2020, 01:11:24 PM
 #16

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
Top rank in the market cap doesn't mean it is a good coin, don't get fooled by the numbers, just choose the best out of it.And most of the tokens are just scam and you literally lost your investment capital when those tokens are getting delisted.Learn from your mistakes and better to find complete decentralized projects in future.
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September 01, 2020, 01:20:09 PM
 #17

I think they start suffered a setback so as to force investors them to continue to adhere to a such a manner , but to remove from the exchange own listed who you told you i do not know for certain its me not invest there think evil thoughts with his
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September 01, 2020, 06:32:05 PM
 #18

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

if you are investors I don't find any reasons why they need to lock your coins since its your money and you are the one invested . Maybe they want to manipulate the price of that currency if they don't want to distribute the real supply of the tokens to token holders. if no one will sell the currency then they can adjust the price base on what they want and they can easily manipulate it and that's not good for those investors that locked funds and besided 3 years is too long to know what will be the market value of that tokens after.

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September 01, 2020, 07:35:27 PM
 #19

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

Not all top coins are good coins. Lots of top coins have already left the market with investors' money. I was once cheated by a top 50 coin, which I still remember how frustrated I was at the time. They scammed all investors and they left the market with investors' money. And whatever happened to you, it was really a dirty game played by the dev. I would say that in the coming days, you must be careful not to fall prey to such scams. Increase your ability to do research, move forward in such a way that you can find fake projects.

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September 01, 2020, 07:43:39 PM
 #20

I think such coins are scam coins, if the developer is really serious about developing the project there is no other reason than to list their coins on many exchanges Especially on top exchanges, not locking coins for too long let alone years because this can be abused by them. There are many cases of projects like this. Watch Out.
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September 01, 2020, 08:05:20 PM
 #21

We all have our challenges with scam projects, everyone at time in past 4 years should point out a failed or scam project  he invested into. It is not smart to hold a coin for 3 years without the opportunity of taking profit at any time but I dont think smart whales in such project hold the coin for that long. Offer of locking token for long period should be avoided, when high trade volume is noticed on coin , holder should verify the authenticity of the trade, it could be sign for exit scam
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September 02, 2020, 02:30:16 AM
 #22

That is not good. The coin circulation and total supply should be clear to all holders.
We must ensure the dev that won't be any additional coin generated in the future, so we can know the value of the coin.
More than that, locking the coin while the dev adding more coins into circulation is worst.

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September 02, 2020, 02:41:54 AM
 #23

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

Stop using the word "good altcoins" when in fact is, they just scammed their investors, this is one of the tricks employed by developers in trying to extract more money from their investors, we should always watch out for this kind of projects, there is no more hope for that coin since it was delisted, and there's no chance to get listed again, maybe in the scam exchange.

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September 02, 2020, 03:17:02 AM
 #24

Not all top coins are good coins. Lots of top coins have already left the market with investors' money. I was once cheated by a top 50 coin, which I still remember how frustrated I was at the time. They scammed all investors and they left the market with investors' money. And whatever happened to you, it was really a dirty game played by the dev. I would say that in the coming days, you must be careful not to fall prey to such scams. Increase your ability to do research, move forward in such a way that you can find fake projects.
do you remember centra which is got to be top on coinmarketcap ,but its be scam project when SEC investigate them. i am be one of their victim and be really valuable experience ever as investors. its true capability and skill really important in cryptocurrency market, we could not buy token or coins only due much people talk about it. at this moment only hype that could make investors interested , but they didnt do proper research on project they joined.

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September 02, 2020, 03:24:25 AM
 #25

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
This is considered as cheating, provided that they dont follow their protocol. I think most projects are unfair with some circumstances. I trade this coin around 2018, and didnt not expect it to still be alive cause most legit project that year some of them have gone already. Delisting on some exchange means it does not compete with thr stabilitt and lack of demand.

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September 02, 2020, 07:22:06 AM
 #26

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
If it is true what others are saying about the coin that the developers are controlling the supply, then yes it is a scam coins and you are getting cheated. No matter how good the altcoin may sound, if something shitty practices take place by the developers, than it is a shitcoin. Making you guys hold, while developers dump clearly shows that the developers wants to make maximum profit before letting the coins die. Don't waste your time with those coins. Get rid of it as soon as possible!

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September 02, 2020, 07:31:07 AM
 #27

Being on the top of the market list doesn't imply legitimacy. Each scam project has its own way of smart investors. Some would lock tokens for a certain period of time, some developers are also dumping when the price is good which makes the value of the project less. That is why people must do their due diligence in reviewing the project and even looking at how the team handles marketing and their community and also the transparency of the project.
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September 02, 2020, 07:48:10 AM
 #28

Probably it was a speculations that came up to my mind, but in reality we we're affected by whales. They're dumping huge amounts that's why most good and stable altcoins went so dip from previous years and I consider it as not recovering even though we seen some attempt to increase.

If the coin was created only for making money and did not have a working project, then the interest of investors fades over time. Investors invest in such coins, the price of which is growing or should grow in the future. If these expectations are not met, investors take their money back and invest it in other coins that are more stable in the market.

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September 02, 2020, 08:48:38 AM
 #29

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
What a trick! Few projects are just like this, the fact is this shows that Insolar team are after their own selfish gains, if I were you I'd take my mind off the project completely and look for better project, every scam projects have their own technics and this is insolars own.

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September 02, 2020, 08:58:13 AM
 #30

I think we are not being forced to hold some coins because that will be our decision to invest in the coins. And if we have one or two or more coins to invest, and we want to profit from that coin, we need to follow what it takes, including holding for a long time. That is why before we invest in the coins, we need to find out more about the project, so we can know if we need to invest in that coin or not. We can not blame the project because they will have their rule, and we need to follow their rule if we want to make a profit.

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September 02, 2020, 09:02:34 AM
 #31

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

This is very unfortunate, imagine three years before they unlock the token, this is not good so many things will happen by that time I have never known a project that had to lock their token that long consider this a loss or you can still keep your coin and wait for whatever development they want to implement anyway you are not holding a very large amount of their coin.

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September 03, 2020, 01:20:58 PM
 #32

I guess obviously the market will react to it and the rankings will show it eventually however when something is limiting so much for the trader and the investor you have to realize that it will look a lot higher than it really is. Look at bitcoin SV, do you really think that it is actually that good? There is no way that it is that high however it is not listed in many places and to be frank it is owned by some lunatic who has a lot of money, so all he does is have one place that is big in volume for it and for the rest he takes care of it by spending tens of thousands to keep it high.

So, as you can see without liquidity and a lot of exchanges, some ranks are not correct and ranking places like cmc or coingecko will show that eventually but that  takes time a bit.

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September 03, 2020, 04:36:30 PM
 #33

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
You already said it yourself, the coin was deleted by so many exchanges so what else makes you think that you should keep on believing in the coin? It’s fake and you know that already, being deleted by exchanges is a sign. And apart from that I don’t see why they would lock the tokens so that investors wouldn’t be able to use or exchange it at first, that’s a clear sign that they are scammers.

Being listed on top 150 doesn’t mean that it’s a good coin, it can be a bad coin and still come out on top the list. That’s why you have to be very careful when you’re buying any coin. Don’t be too quick to believe everything you see, ask questions and do proper research.

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ecnalubma
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September 03, 2020, 05:04:32 PM
 #34

Sold most of my INS way back then until I found out that they conducted a swap, swapped the remaining to XNS but its not that much but well the 3 years vesting makes me uncomfortable probably most investors too. But lets see what they’re up to, been monitoring their progress through social media. I don’t judge projects easily, they still have chance to deliver their products to investors, unless its a trouble with SEC.
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September 03, 2020, 06:42:08 PM
 #35

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
I do not believe in projects like that, they have their own swap plan and surely investors will lose money when the team does swap. This year I saw Blockburn, they swap in the same way but the price has dropped 100x and made a lot of investors angry.

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September 03, 2020, 06:53:53 PM
 #36

Sold most of my INS way back then until I found out that they conducted a swap, swapped the remaining to XNS but its not that much but well the 3 years vesting makes me uncomfortable probably most investors too. But lets see what they’re up to, been monitoring their progress through social media. I don’t judge projects easily, they still have chance to deliver their products to investors, unless its a trouble with SEC.
Projects always think that the people who are investing are dumb and they are always looking for ways to scam these investors. Even with a lot of bounty campaigns, technically they should pay the participants right after the project ends, but in reality they ask the participants to wait for atleast 2 months and until then either the project is already pumped and dumped a lot of times or is either close to being dead, so now there isn't any chance for the normal people to earn an honest living like the days of 2017.

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September 03, 2020, 06:59:07 PM
 #37

Sold most of my INS way back then until I found out that they conducted a swap, swapped the remaining to XNS but its not that much but well the 3 years vesting makes me uncomfortable probably most investors too. But lets see what they’re up to, been monitoring their progress through social media. I don’t judge projects easily, they still have chance to deliver their products to investors, unless its a trouble with SEC.
Projects always think that the people who are investing are dumb and they are always looking for ways to scam these investors. Even with a lot of bounty campaigns, technically they should pay the participants right after the project ends, but in reality they ask the participants to wait for atleast 2 months and until then either the project is already pumped and dumped a lot of times or is either close to being dead, so now there isn't any chance for the normal people to earn an honest living like the days of 2017.

Most of the time it happened. Once investors trust already move away from the project
expect that it fall completely, developers will take the advantages to blame things with dumpers while doing
their own dumped, such actions are really annoying but reality around, not a good  way to hold investors
money it's very risky.
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September 03, 2020, 07:49:45 PM
 #38

This is actually sad. Always check projects before investing but the sad one is, projects always bring good total supply that will entice investors but after token sale and listing on exchange they will certainly increase the total supply gradually and dump finally. Let's be guided though.

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September 04, 2020, 02:51:08 AM
 #39

That is cheat of course, the team shouldn't do that, otherwise the value of their coin will going to dump.
The total supply of the coin should remain the same from the beginning to end, so the holders won't lose the value of the coin.
It is very important to know the coin details before we buy them.

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September 04, 2020, 04:19:19 AM
 #40

The market always in control by the whale investors, in short, the number affected are those traders who don't have big capital to buy altcoins in every exchange platform. That's why the number one who earns a lot on this type of business in crypto space is them(WHALE INVESTORS) Because they can dump and pump it anytime they want unlike us we can't able to do that.
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September 04, 2020, 04:52:29 AM
 #41

You've been actually cheates by the team. And by that time you reached that 3 years, since some exchanges are taking it  off already. I don't think the price can recover and is worth holding anymore. Sorry to say but it's obviously a trick by the devs and the team and you fell fo their failed swap plan.
 
 Also, being on the top 150 lists doesnt mean they are worth to invest and to hold. Maybe a bait. And if it was locked until 3 years, of course the price was controlled because it can't be sell by the holders.
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September 04, 2020, 05:30:02 AM
 #42

Do not be fooled by rankings my friend. When Bitcoin started out, there were many "scam" exchanges out there..that manipulated the trading volume statistics on their platforms. In the East it got so bad that some governments in these countries closed the exchanges.

They were in competition with each other, so they faked the trading volume to attract more people to their exchanges. (Because traders are attracted to platforms with high trading volume activities)

A lot of the smaller exchanges are doing the same and sites like Coinmarketcap are using manipulated data to determine rankings. As soon as legitimate exchanges realize this, they delist the tokens from their platform.  Wink

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September 04, 2020, 07:13:28 AM
 #43

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

 Whenever you are investing in a coin always check the circulating,max supply and how the tokens will be unlocked and released into circulation. This way you can avoid getting stuck with coins or getting overwhelmed by too many coins being released.

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September 04, 2020, 07:50:45 PM
 #44

Looking at some projects that are nowhere to be found or are dead today, what killed most is bad and illogical decisions made by the team. Not that they are not excellent enough to make progress or increase in value, but greedy team with bad intentions turned investors funds to dust. 3 year lock period is not healthy for any investor. Not sure any value will be left after this 3 year.

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September 04, 2020, 08:53:12 PM
 #45

Insolar was originally a Grocery project. but for some reason, this project is in the middle of development changing its goals. they renamed and changed their project function. since then I have not believed in this project. especially when I found out that they were preparing a new coin that was waiting to be swapped. this is very confusing to me. and it's clear what their goal is .... so it's best to leave this project before it's too late.

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September 04, 2020, 10:13:03 PM
 #46

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
Please help me understand this calculation. After 6 months, you only got 2 XNS rather than how long it takes to unlock the whole XNS of your friend. How much XNS your friend got for 6 months. Although the price is going down to an old inscoin token price. The XNS team already got double profits for the 2x supply. It's hard to trust Binance listed coins.

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September 04, 2020, 10:28:53 PM
 #47

I will forever stick to buy the dip when there is big news coming and certain that the price will increase. Some of this Alts are pain in the Ass. Looking at how the market fall and plunge, one would be discouraged investing in Altscoins even when they are sweet in profits.
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September 04, 2020, 11:38:32 PM
 #48

I will forever stick to buy the dip when there is big news coming and certain that the price will increase. Some of this Alts are pain in the Ass. Looking at how the market fall and plunge, one would be discouraged investing in Altscoins even when they are sweet in profits.

thats why a lot of people are sticking with btc or eth. they know for sure there's no losing on these currencies long term, if you know how to strategize the buy and sell in the market. most alts are only for quick gains. if you happen to exit at the wrong time, you will be a holder of crap coins or tokens.
 we cant say they are good alts as most of them have very short lifespan in the market. once the devs acquired their target funds, they just let their project die on its own.

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September 04, 2020, 11:46:38 PM
 #49

This is actually sad. Always check projects before investing but the sad one is, projects always bring good total supply that will entice investors but after token sale and listing on exchange they will certainly increase the total supply gradually and dump finally. Let's be guided though.
Make sure to foolo their telegram for update if we plan to hold them for long, in terms of altcoins or projects that are made thru ICO or new DeFi we are not sure whether these projects really plan to stay long as some were just there for the hype and once done will just disappear, make sure to be updated and study the project its still better to invest in projects that have products and useful in the community.

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September 04, 2020, 11:50:07 PM
 #50

I will forever stick to buy the dip when there is big news coming and certain that the price will increase. Some of this Alts are pain in the Ass. Looking at how the market fall and plunge, one would be discouraged investing in Altscoins even when they are sweet in profits.

thats why a lot of people are sticking with btc or eth. they know for sure there's no losing on these currencies long term, if you know how to strategize the buy and sell in the market. most alts are only for quick gains. if you happen to exit at the wrong time, you will be a holder of crap coins or tokens.
 we cant say they are good alts as most of them have very short lifespan in the market. once the devs acquired their target funds, they just let their project die on its own.
The sad reality on most altcoin shitcoin in the market where it is really just good for short term gains or for those people who do aim quick bucks and only a few who would able to
withstand by the test of time and they had proven out themselves like ETH and others in top 10 rank but below that then i dont consider for them to have that potential.
Its just common modus for some project to have that lock duration or just an alibi to make believe that they can still potentially rise up in future but in most
cases they do definitely die and leave investors behind and really holding a shitload of shitcoin.

R


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September 05, 2020, 12:24:54 AM
 #51

1:10 , INS:XNS swap was planned to dilute the price by the team. Team raised 45millions USD and certainly their swap made the investors angry. Devs are practicing deceptive theory, there. Smells fishy. And unexpected from the team. Overall analysis will prevent potential investors to dump money into it
The problem is the team was also putting the vesting period for the swap token for 3 years and it will be unlocked in batches too. that means the holders have been loosing all of their money for three years.

That makes binance was delisting it from there and the team has no credibility at all.

So many complaints have already made its tele group but the team didn't care about that.

A shady trick by the team.

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September 05, 2020, 02:00:57 AM
 #52

You've been actually cheates by the team. And by that time you reached that 3 years, since some exchanges are taking it  off already. I don't think the price can recover and is worth holding anymore. Sorry to say but it's obviously a trick by the devs and the team and you fell fo their failed swap plan.
 
 Also, being on the top 150 lists doesnt mean they are worth to invest and to hold. Maybe a bait. And if it was locked until 3 years, of course the price was controlled because it can't be sell by the holders.

The swap plan is the one of the trick that developers are using to cheat investors and bounty hunters, this is one of the example another project that has done this is the Likercash coin, they create a new smart contract  and they are late in informing their holders that they did a switch to a new smart contract and until now they did not implement a swap to their holders they also disable all communications.

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September 05, 2020, 09:47:36 PM
 #53

Here is some information about 3 years of vesting:
https://medium.com/insolar/updated-and-improved-ins-to-xns-swap-terms-9a23e9ac02e0
https://medium.com/insolar/ins-to-xns-swap-important-questions-answered-521fd321ac8e
Actually I'm not satisfied with any of this answer. Admin will release the whole XNS coin in three years when investors and hunters will miss the next bullrun.
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September 06, 2020, 01:49:24 AM
 #54

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
THis is just the exact same thing when they announced the swap thingy and the other exact same thing, where in reality it is just their excuse to actually scam people and lock the coins/tokens so the holders can't do anything about it and just let it slide like that. I hate that when projects are doing that, they are ruining their reputation to the community.

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September 06, 2020, 02:10:09 AM
 #55

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
You can still say good coin after being cheated? This is definitely a trick and strategy from the developer and forces investors to hold for 3 years. 3 years is a long time plus every coin has high fluctuation, we can't yet be sure if it's worth it to wait that long.

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September 06, 2020, 02:40:24 AM
 #56

I don't consider the coin you posted here as "good" altcoin.
If you see it as a good then at least cite some opinions here that you consider it as a good altcoin but for me and for the others, this isn't a good one since what they are doing are just deceive the investors who invested in their coin.

You are probably cheated by a "BAD" altcoin and they are being forced to hold the coin for 3 years. If you will see the history of altcoins within the past 3 years especially those new projects last 2017, most of them are below the ICO price or even the price when they listed it on an exchange and I think that in 3 years, investors will loss so much money on it when they hold it. Poor investors who invested into this altcoin.

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September 06, 2020, 02:54:50 AM
 #57

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)
This is a dying coin why does this come still in top 150 currencies?This is a Hype coin from 2017 as i remember it right because my Friend come to invest
In this and reaching the Market Cap so he and other investors and even the Bounty Hunters make good money in this project.
But months after the listing i believe that this started to soar and fell down very low that it is almost dead.
Now that i read this thread i visited the listing and yeah you are correct it was listed in top 150 rankings.









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September 06, 2020, 03:48:19 AM
 #58

This is a dying coin why does this come still in top 150 currencies?This is a Hype coin from 2017 as i remember it right because my Friend come to invest
In this and reaching the Market Cap so he and other investors and even the Bounty Hunters make good money in this project.
But months after the listing i believe that this started to soar and fell down very low that it is almost dead.
Now that i read this thread i visited the listing and yeah you are correct it was listed in top 150 rankings.
There are more of these coin in the market that are actually no project or not really working as long as it was being put to exchange for trading. As the result more users are selling their crypto to avoid having a shitcoins with dead project and no value at all. I can sense that some of the team or group lead the crowdfunding activities run away together with the money because there were no regulations for these and the result people likely to scam this is why I never wanted to invest in an ICO project or any crowdfunding activity.
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September 13, 2020, 01:23:01 PM
 #59

The top 150 coinmarketcap listed the coin "Insolar coin". 1 billion supply coin increase from 500 million ERC-20 token supply. Actually ERC-20 token supply was 50 million then for swap holders got 10 times more XNS coins. But this XNS won't unlock for 3 years. My friend got only 2 XNS after 6 months of swap. We're being forced to hold altcoins when Dev releases supply. Already delisted from so many exchanges. What are your thoughts?

(I don't find the same topic as this coin)

 Whenever you are investing in a coin always check the circulating,max supply and how the tokens will be unlocked and released into circulation. This way you can avoid getting stuck with coins or getting overwhelmed by too many coins being released.
You didn't read my post. Maximum supply increase 2 times after 2.5 years. I'm sure in three years, we will see huge bear market then what will we do with this 93 percent coin.

I hope you can watch this https://t.me/insolar/515273

You can see how much percentage will be released in every year.
Which is means after 2 years, my friend will get only 6.5 percent of Total XNS. In two years we will miss our next bullrun. We like cryptocurrency for privacy and without any control. Here all control goes to XNS team.
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September 13, 2020, 01:46:15 PM
Last edit: September 17, 2020, 09:59:47 AM by Akiko
 #60


Which is means after 2 years, my friend will get only 6.5 percent of Total XNS. In two years we will miss our next bullrun. We like cryptocurrency for privacy and without any control. Here all control goes to XNS team.

I don't see any other reasons why they are doing it they just want to manipulate the price of that coins by locking it and have only few coin is in circulation .

As you said you can only get 6.5 percent  which is will take 20 more years to get all the coins that they are locking . I don't find it reasonable since we don't know if that persons who have that coin is still alive to sell it that time.

Why not making it free market and let the demand and supply be the judge for the price of it not by forcely manipulating it for locking the tokens.

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September 13, 2020, 09:16:41 PM
 #61

Which is means after 2 years, my friend will get only 6.5 percent of Total XNS. In two years we will miss our next bullrun. We like cryptocurrency for privacy and without any control. Here all control goes to XNS team.
I understand the situation but what i would like to understand is when you friend invested in the coin, was he aware of these restrictions, to be frank it is a really absurd stipulation that you do not have control over the coins and it takes a couple of years to get unlocked and till the time we need to trust the team that they will not dump all the coins and run away with it.

If these terms of locking was not clear during the investment period then you can start a scam accusation against them.
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September 13, 2020, 11:08:58 PM
 #62

After 6 months the price is dumped from 1 USD to 0.6 USD. In two years the price will be the same position as it was before during ins token price. What is the reason for this coin being delisted from Binance exchange? We all suggest buying Binance listed coin here for this scam accusation this coin delisted from Binance. They know the next bullrun time, that's why coin stuck for three years.
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