The Cryptospace is getting Worst

[Novatech8]

Imagine a NEW crypto with the Name 'Rope' has a trading volume of over 5 millions usd on uniswap. A visit to the website 'https://rope.lol/" has a BOLD Image of a hanging rope with further inscription 'Do not buy it' followed with a grinding face that looked like someone who got scammed. 

In a summary, the webpage is saying. do not buy 'ROPE' you could loose everything and you will regret it. But the reverse is the case.  As a matter of fact. this token made 118%
 within 24 hours of listing and have a volume of 5 millions usd on Uniswap.
My observation on this. Most people no longer care about the objectives of a project. they just want to Make GAINS.
the days of do your Research is fast diminishing and most market users cared less about what they do with their money that they can invest on a project with BOLD description "this is a scam' as long as there is a return.

i tried to trade the token but after visiting the site, i lost my little sense in trading on uniswap.

BE CAREFUL....
.

It's true that many investors only care about quick gains today but if you can carefully do your own research you will still find projects that have better use case and plan for very long term, do not listen to FUD, many investors starts misleading new investors once their target failed to work out.

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[el kaka22]

Same happened on the last days of ICO peak as well, there was a guy who said he created a token because he wanted to get money and spend it, he had a website stating specifically that this token was worthless and any money you sent him will be used by him personally for tv and other stuff that he wants to buy and that's it. You know what happened? Dude got 300k invested into his token anyway and he got richer, he was the only person that got rich from that.

I would say that best case you could make for defi world right now would be to actually spend a lot less time focusing on all the brand new tokens and just focus on already good ones if you want, I know you may feel a bit late to them but believe me it is better to be late for a known good token instead of a brand new scam.

[adzino]

Imagine a NEW crypto with the Name 'Rope' has a trading volume of over 5 millions usd on uniswap. A visit to the website 'https://rope.lol/" has a BOLD Image of a hanging rope with further inscription 'Do not buy it' followed with a grinding face that looked like someone who got scammed. 

In a summary, the webpage is saying. do not buy 'ROPE' you could loose everything and you will regret it. But the reverse is the case.  As a matter of fact. this token made 118%
 within 24 hours of listing and have a volume of 5 millions usd on Uniswap.
My observation on this. Most people no longer care about the objectives of a project. they just want to Make GAINS.
the days of do your Research is fast diminishing and most market users cared less about what they do with their money that they can invest on a project with BOLD description "this is a scam' as long as there is a return.

i tried to trade the token but after visiting the site, i lost my little sense in trading on uniswap.

BE CAREFUL....
.

Nah, they had full intention of making people buy ROPE (that coin you mentioned). They are using reverse psychology to make people buy those coins. Lol, this might sound funny, but this is true. Its like telling someone not to do something, and then now you want to do it. People found it funny. They thought it is going to be a trending funny/troll thingy and make some quick profit. The trading volumes are also likely the developers manipulating it to make it more attractive. This is the internet and people do come up with really creative ways to scam people.

[CarnagexD]

The game has changed these past couple of months, projects now are being seen on how much hype they get from their funny names or hilarious goals in crypto space. Now it's all about how wise the investors are when it comes to buying and selling, buy at presale, sell when it touches the exchange and get an easy return. Most of investors right now are just killing other investors, let them play with crypto 

[hakertajniak]

Yeah, people will spend their money even on a scam project, as long they can get the profit from it.
Personally, i won't take the risk to join scam project even if there is profit on it.
Better safe than sorry, because i think we better to join in legit project than scam project

[traderethereum]

People will have their own choice to buy what coin, and I am sure they will analyze before they buy.
Whether people will get scam or make a profit, they will know the consequences because we can only suggest them not to buy a coin, but if they believe that coin or token can give them a profit, we can not do anything.
We need to take care of ourselves and always analyze the coin, so we don't buy the wrong coin.
Related to the @OP mention, I think they will know by themselves, and they will be careful to search for more information about that coin.

The fact is that now few people are interested in what a particular project is doing, the mechanism for making a profit for them so that its token continues to grow in price. Therefore, such information is even difficult to find.
If you look at how the cryptocurrency is being advertised now, then it consists of an announcement of the appearance of some kind of token, which, according to unknown experts, will grow in price, which means that it needs to be bought. And many people do it. With this approach, disappointment awaits many.

Yes, I see the profit-oriented change the view of people to know what project can benefit them.
They don't learn about the project, but they search for what project can give them the chance to make money.
It's happened to the DeFi projects. With many DeFi projects out there, people are trying to buy many tokens from the DeFi projects.
But I don't think they know what projects they bought the token.
We don't have to follow their way because we don't want to get the same experience if the project can not reach success in the future.
We can still search for more information to get the right project to invest.

[peterlustig]

Lol, a coin of which the developer itself is saying "do not buy!" is trading at over 0.5 ETH that too with a volume of over $1.6m If they ended up doing a rug pull on investors then everybody will lose big.

[jacafbiz]

Anyone that sees all these red flag and still decided to invest in the tokens is going to hand himself soon, because everything is on the wall about what would happed to this token. They are going to pump the tokens then pull rug under the investors, the loss would be so great and would likely commit suicide.

[peter0425]

This has been happening for long now so the Title is just a late for that,though Uniswap is just starting to build their name since the last Pumping.

Anyone that sees all these red flag and still decided to invest in the tokens is going to hand himself soon, because everything is on the wall about what would happed to this token. They are going to pump the tokens then pull rug under the investors, the loss would be so great and would likely commit suicide.

exactly mate because after finding Flags and yet you are willing to risk,then that is a  total stupidity.
instead of investing why not report the said project or Enlighten the prospective victims to go away from the said projects?

[sehoon]

I'm seeing a lot of posts regarding coins being bad. I think one of the problems here is that the information is not disseminated properly. News about whether a coin is bad or not must reach 95% of the coins. The reason is that there are still hidden gems in these sea of coins. A lot of people are victimized because they're still new, easily falls for traps and misinformed. We must save these people of we want to save this cryptospace.

[imstillthebest]

 thats bizzare  . not just the description but everything sorrounds the coin is a mystery or mysterious  and that triggered the investors to get curious and gets more interested  . if this is a scam , they wont put a scam words but a project that wants to scam will try thier best to make their project look authentic  .

 rope project on here still dont look serious even if we say that they are not really a scam  . rope coin was there before but i didnt knew its story  , thanks by the way for putting this out .

[Warkop]

People will have their own choice to buy what coin, and I am sure they will analyze before they buy.
Whether people will get scam or make a profit, they will know the consequences because we can only suggest them not to buy a coin, but if they believe that coin or token can give them a profit, we can not do anything.
We need to take care of ourselves and always analyze the coin, so we don't buy the wrong coin.
Related to the @OP mention, I think they will know by themselves, and they will be careful to search for more information about that coin.

The fact is that now few people are interested in what a particular project is doing, the mechanism for making a profit for them so that its token continues to grow in price. Therefore, such information is even difficult to find.
If you look at how the cryptocurrency is being advertised now, then it consists of an announcement of the appearance of some kind of token, which, according to unknown experts, will grow in price, which means that it needs to be bought. And many people do it. With this approach, disappointment awaits many.

Yes, I see the profit-oriented change the view of people to know what project can benefit them.
They don't learn about the project, but they search for what project can give them the chance to make money.
It's happened to the DeFi projects. With many DeFi projects out there, people are trying to buy many tokens from the DeFi projects.
But I don't think they know what projects they bought the token.
We don't have to follow their way because we don't want to get the same experience if the project can not reach success in the future.
We can still search for more information to get the right project to invest.

Maybe most investors only see the trend of a Defi project because they believe when a project using Defi will definitely be successful and they are competing to buy as much as possible, in my opinion they misjudge and don't see the impact of the risk of loss in the future, maybe knowledge about assessing a project must be prioritized when you want to invest in the project.

[proTECH77]

Business is all about risk. If you can take the risk with that new project, it favour sometimes no matter the negative things  people are saying concerning that project.
There are some new project that are very good to invest and make a great profit than the old project which is very popular to real  investors and to the scam investors. Many people are still loosing their money to scammer not knowing that they are scam investors.

[Lantind]

Yeah, people will spend their money even on a scam project, as long they can get the profit from it.
Personally, i won't take the risk to join scam project even if there is profit on it.
Better safe than sorry, because i think we better to join in legit project than scam project

Yes, everyone has very mature thoughts in terms of choosing projects and investing, maybe for those who dare to take risks on a scam project is just because they want to get rich quickly through the benefits offered by the project, but for people who are always looking for it, of course this is the case. like this they will not, exactly as you say it.

[btcltcdigger]

Imagine a NEW crypto with the Name 'Rope' has a trading volume of over 5 millions usd on uniswap. A visit to the website 'https://rope.lol/" has a BOLD Image of a hanging rope with further inscription 'Do not buy it' followed with a grinding face that looked like someone who got scammed. 

In a summary, the webpage is saying. do not buy 'ROPE' you could loose everything and you will regret it. But the reverse is the case.  As a matter of fact. this token made 118%
 within 24 hours of listing and have a volume of 5 millions usd on Uniswap.
My observation on this. Most people no longer care about the objectives of a project. they just want to Make GAINS.
the days of do your Research is fast diminishing and most market users cared less about what they do with their money that they can invest on a project with BOLD description "this is a scam' as long as there is a return.

i tried to trade the token but after visiting the site, i lost my little sense in trading on uniswap.

BE CAREFUL....
.

It's FOMO. $ROPE was shilled by WhaleBotAlerts dev @icebergy, as a co-developer of the project, and it just blew up.
Is it worth anything? Who knows, i mean there's still alot of shitcoins lingering from 2017 ico craze with a decent price

[hulla]

Imagine a NEW crypto with the Name 'Rope' has a trading volume of over 5 millions usd on uniswap. A visit to the website 'https://rope.lol/" has a BOLD Image of a hanging rope with further inscription 'Do not buy it' followed with a grinding face that looked like someone who got scammed. 
In a summary, the webpage is saying. do not buy 'ROPE' you could loose everything and you will regret it.

Out of curiosity, check out the token site and it hard to believe that the whole concept of the project is all a joke FOMO

But the reverse is the case.  As a matter of fact. this token made 118%
 within 24 hours of listing and have a volume of 5 millions usd on Uniswap.

Not all liquidity are gain in genuine way and the liquidity you saw on Uniswap can be manipulated by project team cause there are company that execute it for new project.

My observation on this. Most people no longer care about the objectives of a project. they just want to Make GAINS.
the days of do your Research is fast diminishing and most market users cared less about what they do with their money that they can invest on a project with BOLD description "this is a scam' as long as there is a return.

i tried to trade the token but after visiting the site, i lost my little sense in trading on uniswap.

BE CAREFUL....
.

Note this, ever since uniswap launched their UNI airdrop (which was tagged as the most expensive airdrop in crypto history) Uniswap have been the homeland of all crypto project scammer, they also understand that the airdrop they did will travel genuine and cheat priject to their platform and thats the reason why they provide a warning note whenever people want to buy token on their site.

With that been said, we still can be sure if investors don't do research anymore cause 97% of all new project are hype base and what they do is to buy traffic/liquidity but I hope naive investors won't be a victim of these tricks.

[Ridwan Fauzi]

Have you compare with the other exchange or the other crypto currency that stand long time until now?

Do not defile a goodness with a little ugliness, crypto currency has been stand for 11 years until now and everything is fine if you choose a real project which provides real functionality. Like bitcoin, how many people who dislike it? Yeah, almost all parties especially financial sector against it, but they aren't successful cause bitcoin is deserve to fight anything. Be careful with new system, it could be a bubble eventually, take it as a short term place to gain profit.

[traderethereum]

Maybe most investors only see the trend of a Defi project because they believe when a project using Defi will definitely be successful and they are competing to buy as much as possible, in my opinion they misjudge and don't see the impact of the risk of loss in the future, maybe knowledge about assessing a project must be prioritized when you want to invest in the project.

The investor will follow the trend, and if they think that the trend can give them a profit, they will invest in the project to make a profit.
But what I am worried about in this DeFi trend is that the investor can get another scam, and what we saw in 2017 will happen again.
If they don't research the project, they can get the same experience in 2017 because I am sure that many investors have been following the last ICO and IEO trend.
Research the project that we will use as the short, medium, and long term to avoid the scam project.

[lovesmayfamilis]

The fact is that now few people are interested in what a particular project is doing, the mechanism for making a profit for them so that its token continues to grow in price. Therefore, such information is even difficult to find.
If you look at how the cryptocurrency is being advertised now, then it consists of an announcement of the appearance of some kind of token, which, according to unknown experts, will grow in price, which means that it needs to be bought. And many people do it. With this approach, disappointment awaits many.

On the other hand, the one who did not receive enough information about the project where he planned to make investments, and having lost everything in the future, receives his level of education. Fraud simply works for the lack of education in society in certain areas. Hoping for quick profits, people lose their minds. This happens regularly, people lose and begin to get to know better all the aspects that are necessary to study projects. It's just that nothing is being done, this is the next stage of introducing cryptocurrency into society. Only after going through the experience and feeling all the advantages and disadvantages of cryptocurrencies can society become literate, and therefore better.

[beerlover]

There is really enough idiots to think that if you could make anything a token, you could make them work as well, they don't care if the project was a serious one or if it was a joke one because to them it doesn't matter. To them what matters is the fact that you could take a fake or scam coin and you could trade it to make it go high and if it goes high you will make money, so why would they care if it is a fake one?

As long as there is a coin listed somewhere, someone can buy that coin make it go up and then sell it for higher and that is all they care about. Unfortunately problem doesn't lie with the creators because they told everyone that they are basically not even a real thing before anyone got involved but people still flock to it to make some more profit.