If a established altcoin within the top 100 ranking on coinmarketcap that still does not have social presence on reddit but on twitter then what does this indicate?
It indicates nothing special really. It simply means it hasn't reached Reddit yet, which could mean its community is focused somewhere else. But since it has already reached the top 100 on CMC, then perhaps it could mean Reddit means nothing in the
success of an altcoin.
Socials on Discord and Telegram cant be taken seriously because these socials are private not public ideal for scammers correct?
What exactly do you mean? Scams are existing, in fact rampant, in both Discord and Telegram. And it is not whether a project is on Discord or Telegram that it will be taken seriously or not. It is about the project itself.
Chilliz & Sushi are 2 example of altcoins in the top 100 that both have huge twitter followers but 0 no presence on Reddit. How old are these altcoins?
If a person or hodler tweets on their twitter page then their admin/moderator for that page approves that tweet before publishing it for public viewing correct?
In reddit anyone can post anything in altcoins subreddits as long it doesn't violate the moderators rules so its more public/transparent than twitter right?
Telegram & Discord are both private encrypted messaging where scammers can scam victims cause its private and nobody can see it publicly on record what's been said or what's going on correct?
Crypto & decentralization means it has to have a huge following of people somewhere unless its new. If it is decentralized then there must be loads of public people or a group somewhere on a social presence to vote what happens next for a project unless its centralized private right?
Heck there's even reddit group on 'Satanic Worship'. There's reddit groups and communities for everything so a scam on the reddit community can be picked up easily and in advance warning right?
So without reddit social presence unless new then that is a red flag warning right?
It just means that the project's community is small enough to have little to no presence on Reddit. It could potentially mean that the coin/token's distribution is bad and there are a few holders with really large percentage holdings, or something like that.
I gave 2 examples earlier of Chilliz and Sushi within the the top 100 crypto rankings. So thousands in a reddit community or group indicates the altcoin circulating supply is not mostly held by whales or Venture capitalists?
It means nothing because for starters the ranking itself means nothing since it is based on market cap and we already know market cap is a meaningless characteristic. Besides most of the altcoins are pump and dumping and they don't even need any social media presence, all they need is good pumping teams to pick it up from time to time and pump the shit out of it.
I thought market cap is more important than a altcoin price. Where do these pumping teams meet mostly?
As for me, ranking No 100 on coinmarketcap, simply means such coin is a good coin, with a good project and good backup team/community. Because it will only take a good project to have such rank. But for the fact of it not having a social presence on Reddit, I see nothing wrong with that, because it's still 95% of the people on Twitter that are also on Reddit.
Because as long as the coin is known to offer great value to the community, such coin is ok.
So that's my view.
Thank you.🙏🙏
Its maintaining that within the top 100 ranking during bear markets decides whether its a good coin or not unless it gets flipped by newer trendy coins released in the future. When you say offer great value to the community, what community? Just the alt twitter community? And can the alt twitter community freely have discussions within the community like reddit?
If a established altcoin within the top 100 ranking on coinmarketcap that still does not have social presence on reddit but on twitter then what does this indicate?
Social presence...
Apart from the coins that really have some userbase and have some real usage have you seen a coin that has a real presence, other than posting a few banners every day and buying tweets and likes and shares? Look at all those shitcoins that run bounties here and reards you with useless tokens for tweets and posts, the moment the bounty is gone their whole social media presence drops like a stone. Even for the top 20, if you have over 100k followers but you can't manage to break over 30-40 comments or 100 interactions per post it tells you something is fishy about it.
When it comes to Reddit it gets complicated for shitcoins, you simply can't buy comments as cheap as you do likes, you can't start discussions over discussions about the same stuff, so it's very easy to spot when there is no actual interest and there is no community. Look at terra or avalanche, they barely manage to have one or two comments longer than "moon now" "wow" such jump" per post and that's it!
You mean banners on twitter and buying likes and shares on there? How do you buy likes & shares on twitter, is it through bounty rewards like you mentioned? What if the scammers have unlimited bounty and unlimited pre-mined coins to reward their victims not knowing they are being played to promote their scam coin? You mean look at Terra or Avalanche on Reddit?
As for me, ranking No 100 on coinmarketcap, simply means such coin is a good coin, with a good project and good backup team/community. Because it will only take a good project to have such rank. But for the fact of it not having a social presence on Reddit, I see nothing wrong with that, because it's still 95% of the people on Twitter that are also on Reddit.
Quick reminder that BitConnect used to be somewhere in the top 20. And right now, we still have XRP, dog coins, LTC, BCH, in the top 20. And the more you go down the more useless crap you see.
You're totally underestimating how much various ways of manipulation a project can do to easily end up in the top 100.
What other various manipulating ways a scam coin can do to get in the top 20 apart from social media manipulation?
If XRP wins the case against the SEC then it will automatically give them credibility and trust to millions out there regardless if it is a scam coin or not. If XRP wins case and afterwards scams its holders then the SEC has a lot of answering to do for the angry ripple xrp holders.
XRP ripple have a huge following called the xrp army on all social media. Even if they get scammed they will still fight for XRP ripple cause of their belief system like followers having a belief system for a religion for example. If it is proven that a certain verse or script from a holy scripture or holy book is proven wrong scientifically believers of that faith will still defend it
If a established altcoin within the top 100 ranking on coinmarketcap that still does not have social presence on reddit but on twitter then what does this indicate?
1. How do you measure whether an altcoin is established or not?
2. Without additional information, we only can say owner of that altcoin mainly use twitter and doesn't use reddit.
3. Token such as SHIB also within the top 100 on coinmarketcap.
Socials on Discord and Telegram cant be taken seriously because these socials are private not public ideal for scammers correct?
Scammer exist on both public and private space. No matter what social media/platform you use, you should think carefully what you read and do additional research if needed.
When I say established I mean a coin that is not new and is over a year old.
Shiba Inu has a huge reddit community of nearly half a million followers. Surely if shiba inu was a scam then at least 1 redditor in that half a million shib group would have sniffed out a scam and warn everyone in that group by posting in there.
Your more likely to be scammed in a private platform than a public platform cause public is visible to everyone and scammers get caught easily this way.
