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Author Topic: Crypto Scam? ICO Scam? IEO Scam and Now DeFi Scam?  (Read 1314 times)
HugoSmith
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November 10, 2020, 02:44:57 PM
 #61

Crypto Scam? ICO Scam? IEO Scam and Now DeFi Scam?

Many years before the Cryptocurrency was a scam for some people, later people said that ICOs are scam, when ICOs had gone and IEO had begun then they were blaming that IEOs are scam later now they are calming that DeFi is scam

Who are they??

They need to be called LOOFER= LOOSER who just want to spread FUD for their own benefit


Not all ICO's, IEO's & DEFI are SCAM's but I thing few of them are creating fud in this space.
molsewid
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November 10, 2020, 02:55:45 PM
 #62

Crypto Scam? ICO Scam? IEO Scam and Now DeFi Scam?
Many years before the Cryptocurrency was a scam for some people, later people said that ICOs are scam, when ICOs had gone and IEO had begun then they were blaming that IEOs are scam later now they are calming that DeFi is scam

Why did they say Crypto-currency is a scam? Because they didn't earn from it? Or because some of the projects in this Crypto-currency is literally scam? Actually, we can't blame them because there's a scam in Crypto-currency ICOs, IEOs, and Defi. Some of these project creators keep moving in the trending spot in crypto-currency to have many investors. So we need to choose wisely what project we should support or invest in.
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November 10, 2020, 03:03:02 PM
 #63

Crypto, ICO, IEO and DeFi for those who are hurt or have suffered a lot of losses will definitely consider it a scam,
because they lost a lot of assets, but for those who get big profits Crypto, ICO, IEO and DeFi will not think the scam
all comes back to themselves ourselves, if it's a scam we just leave it
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November 10, 2020, 03:11:30 PM
 #64

The cryptocurrencies themselves in general are certainly not a scam, but there are a huge number of scammers who use the cryptocurrency sphere for fraud, for example, when ICO was popular, many scammers created cryptocurrency companies and these scammers was selling their company's tokens through ICOs, and the same applies to IEO and defi sphere, there are scammers everywhere.
That's right, basically Cryptocurrency is not a scam, it's just that scammers who deliberately take advantage of opportunities through the opportunities they have so dare to create scam projects with methods that are in trend, such as ICOs in the past and after that IEO and DeFi at this time.
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November 10, 2020, 03:27:13 PM
 #65

The ICO and DEFI markets are both new at the start of its trend so they are easily manipulated because they have no valuable history. Look at the present, Bitcoin has steadily increased in value as Bitcoin's history shows Bitcoin increased in value. If ICOs and DEFI are better managed, people have a better view of the market, they will not easily get caught up in bad events like discounts and scams.
Newcomers to the market often complain because they receive no returns. They often come later and buy at a high price, they are disappointed after the value of the token they are holding decreases. Perhaps they need to learn and keep up with the news and make more accurate decisions about price action in the market.
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November 10, 2020, 03:31:52 PM
 #66

There are lots of scams in the crypto world since the beggining. From ICO to IEO and now the new trend DEFI which driving investors crazy to invest with. But Cryptocurrency never a scam it's just the kind of investment that's coming in who's got into a scam. Just be wise and careful in investing so you will avoid getting scam.
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November 10, 2020, 03:36:28 PM
 #67

People who don't do research before investing on crypto projects will surely end up losing their money to scammers, newbies always like blaming the technology when they fall for scams, saying bitcoin is a scam of such but huge numbers of scam projects did exists, without proper research one will eventually get caught in scammers trap

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November 10, 2020, 03:41:09 PM
 #68

People who don't do research before investing on crypto projects will surely end up losing their money to scammers, newbies always like blaming the technology when they fall for scams, saying bitcoin is a scam of such but huge numbers of scam projects did exists, without proper research one will eventually get caught in scammers trap
It looks like the majority of blamers came from the newbies who didn't know how to play in the crypto. I saw so many newbies were blaming anything when they were getting lost.
Even if they were losing in trading activities and they will be visiting the telegram group and they will say that as a scam while the team has no control over the price of coin and market.
They need to be educated.

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November 10, 2020, 03:50:46 PM
 #69

From what I know is that those who usually say DeFi is a scam here and there, are those who invested in scam projects and they lost all their money,not our fault if they had done a good research they wouldn't have fall into the scammers trap, even though there have been a few scams in ICO's back then and in the current DeFi market,but calling IEO a scam? Nah, I don't agree with the part, cus have witnessed alot of IEO's done on popular exchanges, they normally get good turn out.


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November 10, 2020, 03:56:50 PM
 #70

People who don't do research before investing on crypto projects will surely end up losing their money to scammers, newbies always like blaming the technology when they fall for scams, saying bitcoin is a scam of such but huge numbers of scam projects did exists, without proper research one will eventually get caught in scammers trap
It looks like the majority of blamers came from the newbies who didn't know how to play in the crypto. I saw so many newbies were blaming anything when they were getting lost.
Even if they were losing in trading activities and they will be visiting the telegram group and they will say that as a scam while the team has no control over the price of coin and market.
They need to be educated.

They needed to get engaged to the project before investing in, without proper knowledge about the project they
will just wasting their money, either caught between big whales or trapped by the dumpsters.

It's difficult for people to accept their mistakes so they are trying to point their fingers to anything just to blame for their failures of
conducting the right research.

Most victims are newbies indeed, people who wanted to get a quick gains and being stuck and nothing
to do but to see their money losing, that's really annoying.

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November 10, 2020, 04:07:29 PM
 #71

This is what is called the crypto concept, having various forms of investment either through ICO, ITO, IEO, DEFI and maybe after the DEFI Hype ends, there will be new investment alternatives in the future. Trends sometimes bring new sensations in the crypto space, sometimes they are profitable for investment and vice versa. I as an ordinary person can only follow the flow of trends, which one is the best? which one is profitable? then I will take it.

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November 10, 2020, 04:13:51 PM
 #72

Crypto Scam? ICO Scam? IEO Scam and Now DeFi Scam?

Many years before the Cryptocurrency was a scam for some people, later people said that ICOs are scam, when ICOs had gone and IEO had begun then they were blaming that IEOs are scam later now they are calming that DeFi is scam

Who are they??

They need to be called LOOFER= LOOSER who just want to spread FUD for their own benefit
What benefits is there to gain when one tell the world that they get scammed through ICO or IEO projects? I don't kinda understand your point here, scam projects are real and people don't need to lie about their existence, you can find answers just by doing your own research

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November 10, 2020, 04:15:53 PM
 #73

Defi is getting much popular now a days so peoples start scam innocent peoples  with defi now days, many projects are launching day by day with defi and most of them become scam within few days, mostly twitter or social media accounts getting ban and support dont answer to investors as well. I suggest to join the trusted projects from trusted team to avoid losses or scam,.
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November 10, 2020, 04:20:09 PM
 #74

From my point of view, it is not those crowdfunding methods are a scam but people who are taking advantage of hyped technologies for their own benefits. Wherever they will see the opportunity to scam investors, will make that try. So crypto investors must be ready and cautious for golden looking technologies and related projects.
The best way to avoid these scams is to actually wait for their promised product to be ready and then invest although you will get the token at a slightly higher cost but at least you know they have something solid to get the price going and the market will respond slowly but surely.

There is no way one can differentiate between scam and legit tokens in the ICO phase because there are way too many scams and more like 5-10% are legit and the scam ones actually advertise and popularize themselves better than the legit ones so it is nearly impossible to spot them hence use the safe method and wait for a big exchange listing or at least some progress on the product they promised.
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November 10, 2020, 04:39:40 PM
 #75

not entirely that they are FUD. because this cryptoqurrency space is wide open and all forms of investment are different. although ICOs are associated with SCAM but in fact ICOs still appear every day, top IEOs are still running like IEOs on Binance, and now DEFI is a new investment tool. Many rumors say SCAM but in fact it is profitable for short-term investments. So, I think investing in projects hinges on luck. if you don't dare to take the risk then just take the top coin options, for example BTC / ETH.

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November 10, 2020, 04:55:55 PM
 #76

ICO, IEO, Defi, or other else can be scams. We cannot deny it if some of them are scams. But indeed not all are scams, there should be the real ones. Scammers take advantage of the current hypes, so they choose which one is the most popular trend. Trap people with a current project trend will create a higher chance. Yes, it is the fact and real. We cannot deny the situation.

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November 10, 2020, 04:57:11 PM
 #77

It could be those people who invested in different scam project and got a huge loses. They didn't learn and understand first before they invest that's why they accused crypto, ico, ieo and defi scam after their loses. There are good and scam project and investing is all rely in your own research and knowledge about the project and only you can take all the risk of your investment.




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November 10, 2020, 05:23:50 PM
 #78

It could also be those people who have been getting a big loss from trading on the defi projects. I personally will not call everything as a scam. Sometimes people use it to call everything as a scam to spread FUD.
I ain't hearing it. I don't even care about what they were saying.

There were some people who have been saying if ethereum was a scam and this is just an example about crazy people are.
Even that's a legit coin but some people still called it as a scam. It's very hilarious
^ those who frequently deploy FUD appear more frontal in calling legit projects or coins a scam. just like you, I also do not move based on the words of others, I prefer to move based on my own choices.

although there will be thousands of scam ICOs, IEOs, IDOs, STOs, and DeFi, won't make me stop on cryptocurrencies, I believe there are still many legit and profitable ones for me as an investor as well as a hunter.
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November 10, 2020, 06:43:16 PM
 #79

Crypto Scam? ICO Scam? IEO Scam and Now DeFi Scam?

Many years before the Cryptocurrency was a scam for some people, later people said that ICOs are scam, when ICOs had gone and IEO had begun then they were blaming that IEOs are scam later now they are calming that DeFi is scam

Who are they??

They need to be called LOOFER= LOOSER who just want to spread FUD for their own benefit

Of course, it cannot be said that everything related to crypto scam is just new and is an excellent bait for scammers. I also want to note that in all industries there are facts of fraud and unfortunately nothing can be done about it until now. I believe that the crypto community just needs to carefully analyze new crypto projects and promptly inform about cases of fraud. I really like that the Bitcointalk forum and its users help with this issue.
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November 10, 2020, 07:03:18 PM
 #80

They might call all of them scam because they don't do due diligent before investing and when the get their fingers burnt, that becomes their language naturally. New ideas will continually come in and people will take advantage of them. DeFi is gaining ground now and who know what we are going to have in the next 2 years. Nobody talk about ICO anymore, time and chance happen to everything.
Well that is the thing, the idea is not the scam version, the people who scam are the scammers and they use everything to scam others. People look at crypto and all they see is scammers and I understand that crypto has been used for scamming a lot, but what about before crypto?

People scammed each other even before money was invented (in our sense) so I think what you use in order to scam people is not really the main idea here, it is just a tool to use while you do scamming, if you use crypto you use crypto, if you use gold you use gold, if you use dollars you use dollars, as long as a scammer wants to scam others they will find something to scam. With this idea people used icos, ieos, and defis all as a scam when they want to. This doesn't mean they are all scam, it just means there are scammers in them.

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