The Cryptospace is getting Worst

[bigcash2011]

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....
.

I do not know how people get attracted to all these ponzis while i thought that crypto supporters are here to support this advanced technology.
All these crypto based ponzis that we keep seeing often like forsage, lionshare and many tron based too are doing nothing but damaging the reputation of the mainstream, real crypto projects because such ponzi base projects create a whole lot impression of crypto being a ponzi in general which is far from being true but sadly it does have this negative impact.

[justdimin]

There is a sweet deal in ponzis, people sometimes know that they are wrong but they try to ponzi the ponzi and try to make money from it. How? They try to be one of the first to get in and make money from it, if it is a ponzi that means they have to get money from people and use others money to pay the early investors, so if you are an early investors they will use others money to pay you a lot of money so that you go out and tell people how great it is.

I have friends who got into as silly things as you might imagine, things they normally wouldn't invest into, only reason for that was the fact that they thought they could make a profit from it if they get in early and be one of the first, that way the ponzi would pay up to them and they could get out very quickly without reinvesting ever again.

[coin-investor]

Not really getting worst but to many bad actors trying to fool people here, if you know how to look and what to look there is no way they can fool you, scammers are still here and the only way to combat them is for us to be wiser than them, and share to the community those bad actors here.

[Kelvinid]

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.

If the market looks like this shit, it could possible that sooner there will no investors will come in here. Regulations are somewhat important now in order to stop these nonsense projects.
From ICO, IEO, Defi, and the next NFT, I think the same scenarios will happen, and much better if we have to find a solution to this. because the more crypto spread around, the more scam and fake projects rise. I feel the worries that most people had to feel now, and the worse case possible scenario will certainly happen in the years coming.

[MCobian]

It is true that the current crypto world is getting worse, there are too many projects that have no clear purpose.
Because many developers take advantage of the hype that occurs only for fundraising, after that the projects are
abandoned. Therefore, be careful when choosing coins for investment, my advice is to avoid investing in new projects.
And for rope tokens, it is very clear, including shit projects that must be avoided.

[mr.smith]

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.

If there is demand then it will continue the market thrives on demand and supply, the developer and the creator will supply as long as there is a demand for the projects I have seen what you are talking about, and the market has a potential because these a marketplace for artist and we have a lot of artist in our community, so let's see how it will go in the future.