The Cryptospace is getting Worst

[irixo10]

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....
.

You carefully stated the obvious fact, and that's the truth. People no longer care about the idea or whatever behind the project, what they care for is pump and gains, nothing more. Yet this same set of people will be the first to lament when it goes sideways or dumps heavily on them. Also, I just like to add my opinion; first the team added a rope to the website meaning anything can happen, and when it does no one is to blame them. Now secondly, I do not think that it is investors that started the pump of that project, it could be the team that started it knowing that many people are heavily moved by pump and trading volume, so it could be that they started the pump, people threw caution to the wind and joined the game just to cash out and the volume keeps rising. For such a project, the team might have a target and once attained, the will exit scam.
Furthermore, there is need to be extremely careful of most projects on Uniswap, because with what is happening, many scam projects might still come up, leverage the hype Uniswap has and scam people.
So therefore, in all things, those who still make their own research most of times wins because those who failed to, might make gains in one project only to lose it all in another.

[1714732781]

1714732781

[1714732781]

1714732781

[1714732781]

1714732781

[1714732781]

1714732781

[Gaston Cavalier]

Had people cared about the objectives of projects, DeFi, ICO, IEO and all other kind of hypes wouldn't have ended up as large pools of scamcoins. Just look how many coins there currently exist with the term "Finance" in their name. These did not exist 2 months ago.

The crypto space has been so filled up with shitcoins that "researching projects to know what to invest in" truly became a big waste of time in >90% of the cases. This is unfortunate, but it's the reality we're looking at. We aren't governed by any authority, so you're free to create whatever you like, be it a scam, a pure experiment or a legit project.

I concur.

Nowadays, it just doesn't make sense anymore.

Just look at how many coins are listed, & delisted on a daily basis on Binance®

Projects with names like SUSHI, BURGER, etc 

[bits4books]

I thought this behavior was pretty obvious, didn't I? Only a tiny part of the crypto community cares about the crypto world and wants to use tokens as a settlement tool. The rest of us (including myself) are just a bunch of speculators and lovers of quick profit no more. What's the difference between a shit coin or not if you can use it to raise a couple of hundred bucks here and now just on the exchange rate difference?

[genievic23]

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....
.

people today just want to get in projects for instant profit then jump to another one and yup they seem not to care about the objective of the project. ROPE and MEME have the same inscription, DO NOT BUY IT.  different approach in marketing.  Talking about projects, I think NFT's will be trending for the next few months,  if you're interested for NFT projects, check out KittieFIGHT. They've launched their yield farming too.

[Lerikaweb]

Lots of tokens are being traded on exchanges long time after the project had scammed. Do you know why? Cuz nobody cares about what the project is about and what was its objective. People see a minor spread between prices in buy and sell columns and go for it. Everybody want to get rich fast which is a normal human desire))))

[masterrex]

It's true even me at first I was attracted to the ROPE token, but when I visited their site I was shocked when I see the word "lol" from its website "https://rope.lol/" I thought it was just a mistake but to find out its a good link "lol" was part of it, I told myself its crazy but what I think is about the volume of ROPE token on UNISWAP and it's no joke. investors nowadays don't care about the name or something else they are simply riding the HYPE and willing to take the risk to gain some profits.

[traderethereum]

Today people buy not because of research, but because they want to get quick profits that can be devastating. there is nothing to do but see when the altcoin is dumped and those who are late in the hype complain that the money they trust from the project can't be returned. this is the crypto world no one really knows what a project will be in the future.

People tend to buy the coin because other people suggest it.
They don't research, but they just buy it instantly.
It is wrong because if the price is down, they will panic, and they can cut losses without thinking about the bounce that can happen in the next minutes.
If many people do that, they will only say that crypto is a scam, and they will warn the other not to try to invest in crypto.
I think they should learn from their mistakes because it is not good to buy a coin without research.
But not all people do that because I am sure some people will not let them invest without search for the right coin.

[ChrisPop]

You would be surprised that the majority of people in the crypto space are here to make gains. Do you think the average joe cares about the blockchain and the ability to make peer-to-peer transactions without the middleman? - Of course not. He is just interested in making a quick buck to get the new phone, watch, car, impress others with his "amazing" ability to make money from thin air. But as fast as these joes can make that buck, they can lose it.

Finance wise it is about preserving and growing your wealth in a steady manner.

[Cnut237]

The reason that these things get so fevered is the success of bitcoin. People come into cyrpto because they see the huge gains that bitcoin holders have made over the years. They think the bitcoin opportunity has gone, and they sit there waiting for the next big crypto thing. As soon as something comes along that has some potential, people buy in quickly, FOMO kicks off, and the scammers smell an opportunity and jump in, too. It happened with ICOs, now it's DeFi's turn.

[Kasabus]

It's true even me at first I was attracted to the ROPE token, but when I visited their site I was shocked when I see the word "lol" from its website "https://rope.lol/" I thought it was just a mistake but to find out its a good link "lol" was part of it, I told myself its crazy but what I think is the volume of ROPE token on UNISWAP and it's no joke. investors nowadays don't care about the name or something else they are simply riding the HYPE and willing to take the risk to gain some profits.

Yes. People nowadays don't care anymore about the benefits or disadvantages of the project because they are more focus on the quick profits they will gain. Rope tokens are very tempting but if you come to study and start analyzing it, this token is definitely a scam. We should not fall easily to scam projects because if we can't prevent it, we will all left behind with empty pockets.

[so98nn]

Yeah, after reading the whole thread you get complete idea how crypto has taught us how hard one decision could be inhere. Now this ROPE thing is completely bullshit and attracting noob investors in the space to try it out.

Unfortunately this also kind of "Negative" marketing. Where you confidently state something opposite but people still start to get the gut feeling that they should at least try it once. Due to this so called hunch everyone falling for it. That's why they are loosing it over hanging mode. It's too bad.

[Investo20]

I also visited the website and as I experienced is this is completely a shit project. Even their is nothing on the website. Not a team details, not a white paper, no contact details, nothing is there. But this project is getting trading volume of 5 million usdt.
Now comes to the situation. You are right. At this time people are only focused on generate profits. The situation is "do or die" like. Blindly throw an arrow if it hits the target then okay if not then you lose everything. Those projects which have no base no speciality is getting so much attention that we can't even think. And those projects will do exit scam for sure.
In this time de-fi hype is ongoing. Any project add the de-fi word behind them make a stand. And scam projects taking this advantage. Many peoples are getting profit from this also. But most peoples face the consequences and loss. We come to know about the profits somehow but everybody hides their loss.
As new people entering into this field they are facing this problem. They need to understand this field first then they should make investment.

[Kupid002]

I see the development of cryptocurrency from year to year continues to increase, lots of new atcoins / tokens appear on the exchange, but most of them will only become trash when the "hype" disappears from the surface. Many traders and investors have neglected whitepapers, roadmaps, technology, vision and mission on a project, all they have in mind is to take advantage of the hype for quick profits. It's a pity indeed, but that's the reality right now

We already have thousand but more of them will lost its daily volume one of the day and many traders will be stuck with that because no one want to buy it any more. I don't know why people always investing in a new project when we have already a lot choices that also looking for investors . I think investors need to focus on the tokens or coins that listed in the market and ignore all other new crowdsale for thier own security for thier money.

[Emitdama]

Well, it’s good that you decided to do your own little research before you made a decision as to whether you should be trading the coin or not. That other people are not doing their own research before investing in any project doesn’t mean that you too should be doing the same, it’s important that you’re very careful and not go with the crowd, but only with things that believe are going to be good for you.

A lot of people here are no longer interested to know if it’s legit, they just want to rush in and buy when there is an opportunity to make lots of money and cash out. They are forgetting that scammers can lay trap in any way, and there are projects that seems good and once they have gotten a lot of people in, they will play their games on them.

[isaac_clarke22]

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....
.

The problem in the common sense of some people is that they're more on trends over objectives. You can see it when ICOs were still like trending back in the days then IEOs took over then their eyes on ICOs these days are all now scams. Whatever coin it is, whatever site it looks like, the trend becomes the problem for some investors these days.

[Pamadar]

I see the development of cryptocurrency from year to year continues to increase, lots of new atcoins / tokens appear on the exchange, but most of them will only become trash when the "hype" disappears from the surface. Many traders and investors have neglected whitepapers, roadmaps, technology, vision and mission on a project, all they have in mind is to take advantage of the hype for quick profits. It's a pity indeed, but that's the reality right now

We already have thousand but more of them will lost its daily volume one of the day and many traders will be stuck with that because no one want to buy it any more. I don't know why people always investing in a new project when we have already a lot choices that also looking for investors . I think investors need to focus on the tokens or coins that listed in the market and ignore all other new crowdsale for thier own security for thier money.

More on opportunities! people thinks that chances to grab a huge profits from new project still exist.

Thinking that once luck permits them it will happened that they will bank up a very decent to huge value of profits, it's still inside
their mindsets that this venue still offers quick ways to richness only to find out that it's more on losing your money.

[Fivestar4everMVP]

The truth is that some people most especially the newbies in this space don't even look at websites, what they look for is a number like this "+5%" displayed on the opposite side of the coin or token, they click on that market to open it, they look at the chart, one they see the Green candlesticks which confirms that that particular coin or token is going up in price, they jump in, and it's unfortunate cause this kind of people end up learning the hard way.

[optimisticcm]

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....
.

The fake or low quality projects are an old thing now, the worst thing i have seen is the trend of the meme and nft based projects, I mean if you have something valuable or worthwhile to sell that is great but i have seen people selling senseless pictures amd even selfies as nfts and collectibles, this trend should stop atleast untill there is a serious purpose added to it at the moment it is a joke.

[Pompa]

 Be careful in dealing some business here in crypto, a lot of scammers are in their way  and waiting for us.  Be careful in dealing or participating through any kind of project, we have to learn about the past and hoping this case must stopped.

[pixie85]

This rope reminds me of all those ponzi coins that openly said they're ponzis and people still bought them hoping they'll be able to exit first with a profit.

People are braindead, don't blame the space when you're a part of it.

Those rope devs took the opposite approach and gained followers this way. Most projects want you to buy so they chose to do something different.