Eco_111 (OP)
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November 24, 2020, 05:50:58 AM |
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Is it true that if altcoin season starts many projects will be forced to launch just to take advantage of the green market? There are some projects that failed to launch since 2019 I heard and some said that in 2017 many projects start rushing to take advantage of the market, how true is this?
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ryzaadit
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November 24, 2020, 06:46:40 AM |
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True and always have so many every scam or not seriously project will be always taking an opportunity from the hype! like Cryptocurrency Section, ICO Hype, IEO Hype, Lending & Ponzi Hype on 2017, and now DeFi market. You always meet every project who only want to take advantage of selling a craps token from the sale, not a really serious project.
It's your responsibility to make due diligence about the project before entering your money into investment/trading, always use due diliginecy never trusted a promise word, shilling from an influencer or maybe your friend.
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chip1994
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HEX: Longer pays better
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November 24, 2020, 06:48:39 AM |
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This is perfectly reasonable. Projects have failed in previous years because they lacked the money to operate the project, and now is definitely a good time for them to raise funds and develop the project.
Bull run makes the crowd often suffer from Fomo mentality, so new projects with full info and promising roadmap will be very welcome at the present time. It's pretty much like the ICO projects of 2017, huge money is always poured into new projects uncontrollably.
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Apostlekin$$$
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Sovryn - Brings DeFi to Bitcoin
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November 24, 2020, 07:01:22 AM |
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Many new projects have used bear market & COV19 to lied that they can't launch their project, this have shown their true color if you are smart enough, they can't be trusted because it costs nothing to launch crypto projects this days no matter what the condition might be, crypto projects don't need offices or gatherings, developers can stay at homes and work, if such projects launched now because of the altcoin season don't hesitate to take advantage and forget the project, they won't do any good once bullrun is over
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NMBT
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November 24, 2020, 07:09:21 AM |
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Of course when FOMO appears, many projects try to take advantage.
I will paid attention to first TOP 10-TOP 20 altcoins and try to invest on them when a great correction happens in the next days.
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cryptoperkele
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November 24, 2020, 07:37:28 AM |
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They will come, but even when they rush it they might be late because i am pretty sure that most of them weren't prepared for next wave. And now they have white paper to write, graphics to make, team to gather and possibly even code to write. I am guessing that most of them lost all hope in crypto investors after the ico craze faded and didn't think the history would repeat itself.
They are probably still in denial thinking that this will crash before they get in. Even though this bullrun has just started and could take over year to finish.
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Festac
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November 24, 2020, 07:45:37 AM |
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Is it true that if altcoin season starts many projects will be forced to launch just to take advantage of the green market? There are some projects that failed to launch since 2019 I heard and some said that in 2017 many projects start rushing to take advantage of the market, how true is this?
Yes they will rush things up just to take advantage of the bull market but have it in your mind that these type of projects have untrustworthy teams, if you get tokens from them one way or the other you must sell them or else huge dump will follow once the bull market gets hijacked by bears |
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IkonaDro4ku
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November 24, 2020, 08:12:51 AM |
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You correctly noticed, really worthwhile projects do not appear so often, just as the market grows, there are more scammers who want to make quick money be especially careful at times like this.
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bittick
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November 24, 2020, 08:34:15 AM |
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Is it true that if altcoin season starts many projects will be forced to launch just to take advantage of the green market? There are some projects that failed to launch since 2019 I heard and some said that in 2017 many projects start rushing to take advantage of the market, how true is this?
That's true. As far as i know that the majority of developers were believing when they were launching their project when the bullish trend is still happening and their coins can get instant pump too. I have seen that thing so many times when the projects were trying to delay the launch of their platform until the bullish trend happened. This is not a strong point but they forger if their product will become a thing that will determine everything. |
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masterrex
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November 24, 2020, 08:34:53 AM |
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Is it true that if altcoin season starts many projects will be forced to launch just to take advantage of the green market? There are some projects that failed to launch since 2019 I heard and some said that in 2017 many projects start rushing to take advantage of the market, how true is this?
IMO, I believe it is true many project developers have seen that the Bullish market is a good entry for their project. Because it may create positive traction to their token and that was the same happen in 2017 many projects are rushing to list their token in exchange because of that particular reason. But the results are many will gain some value and survive the "longest Bearish Market in 2018" while others didn't make it and eventually died in the process so take some precaution while investing with those "rush kind" of projects. |
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Mighty_crypt
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November 24, 2020, 12:35:11 PM |
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Many new projects haven't launch their projects due to the pandemic that hit the world in March 2020 but is this enough reason to put an halt on a project? I don't completely accept this, since the pandemic started many new projects still get launched, if those project that get launched can do it why can't other new project do the same thing? This is a lame excuse and such projects shouldn't be trusted
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soetikno
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November 24, 2020, 12:44:20 PM |
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That's right, a lot of old projects have come back since 2018 and 2019, before they were short of funds for their projects and it's true the altcoin season and they come back to continue their projects, I hope investors are not in a hurry to put their money into their projects, which when taking advantage of the hype, one should be more careful in selecting projects
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Baimovic
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November 24, 2020, 12:52:39 PM |
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I have the same feeling or maybe it has happened this time especially with old projects that have died they have been revived to attract the market sensation especially using HYPE Defi, then there are also projects in the previous year that stopped and continued to raise funds today, and there are still many unexpected things in the crypto currency market. you need to watch carefully and also be alert.
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Mpamaegbu
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Once a man, twice a child!
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November 24, 2020, 01:09:34 PM |
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Is it true that if altcoin season starts many projects will be forced to launch just to take advantage of the green market? There are some projects that failed to launch since 2019 I heard and some said that in 2017 many projects start rushing to take advantage of the market, how true is this?
Yes, that is absolutely true. It's a time like that we get to see so many scam projects launching in the market and taking advantage of naive investors. Almost all penny tokens will give a good ROI. I saw that happen in 2017, and it won't be any different once the altcoin bull sets in. However, I don't foresee a bull run for altcoins before the end of 2020. It should come in 2021 and I look forward to it. Investors should be very careful at a time like this to avoid getting hoodwinked. |
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KnightElite
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November 24, 2020, 01:10:52 PM |
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For me the probability of being true is much higher because they learn from the history wherein a lot of projects became successful when they launch it while the market is in bull run. Those are the golden opportunities wherein a lot of projects became x50 and more for just weeks. Altcoins are about to blow so be prepared because alts season are coming. Look at the projects nowadays where they are having competition and chasing with each other because they are aware that their success will have a high probability because there is a emotion which is greed in the whole market.
Even though the alts season is coming, always be caveat because we are not from the future where losses is inevitable even the market is in uptrend. If we will manage our risk very well then for sure we can prevent to suffer in huge losses and see the opportunities in the market.
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koang
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November 24, 2020, 01:51:28 PM |
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Yep, It is true. Altcoin session will create Euphoria, This gives space for the project as an initiative to enlarge its attractiveness metrics.
There will be many projects launched only to target investors' money, leading to scams.
Coin scams can use a striking website display and/or boast of their large community to create an effect so that other people feel afraid if they miss the moment.
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Byakuga
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November 24, 2020, 01:54:36 PM |
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Is it true that if altcoin season starts many projects will be forced to launch just to take advantage of the green market? There are some projects that failed to launch since 2019 I heard and some said that in 2017 many projects start rushing to take advantage of the market, how true is this?
Yes many projects did same thing in 2017 and they later exit scam or turned worthless after few months in 2018, if you are a bounty hunter and waiting for a promoted project to launch well it might worth the wait but do not believe the project because they have degrade their credibility this way, why must they wait for good market to launch? |
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nykka
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November 24, 2020, 02:00:14 PM |
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It`s a very big disadvantage of the bullish market, because there are many projects which can die after green market and many investors will lose their money, so every newbie especially that, who joins crypto, when it`s growing, should to be careful with the investments. Old coins can go back in some years, but scam projects, who were created only to get some money won`t do it
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nrvasquez
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November 24, 2020, 02:11:24 PM |
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I don't think like that, seeing from the bullish track record 2 years ago (2017). I believe that investors are much more mature now and know how to invest in these market situations. but still there are still some newbies who get scammed or rugpulls projects. but at least investors in bullrun this time are better and can differentiate a project
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Reid
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November 24, 2020, 02:53:06 PM |
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By the time their project launch, the hype is over.
Yeah, some foolish ones may do so thinking he could abuse the market but it may not.
If I am an altcoin investor I'd rather stay with what in front of me rather than switching to something new without certainty.
Launch + time + amount to spend will be wasted if suddenly the market falls again.
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