STEPN

[asriloni]

Stepn 15% down …

Any ideas why it’s down 16% in a matter of minutes?

Both of you didn't even aware with the bitcoin chart, right? someone was dumping 10k bitcoin at once and this is creating a small dump to the market. Seeing GMT down around 15% was a common thing as bitcoin already gone down more than 7% in 24h chart. So expect altcoins to go down doubled compared with the bitcoin. Once the hype will come and this will trigger the pump for the GMT.
Is not it the right time to buy this? You must also aware with the bitcoin dump as well.

[jossiel]

Going back in here and speaking of STEPN.

I saw a post on Facebook that there were people that have bought those virtual shoes and they're also able to earn through walking as GPS is needed to track their walk.

Does anyone know that? As I've seen that they're able to make a profit from walking while that app is on. I'm not sure about the whole details but it's like an NFT shoe that's needed for you to earn as you walk.

[Oasisman]

Going back in here and speaking of STEPN.

I saw a post on Facebook that there were people that have bought those virtual shoes and they're also able to earn through walking as GPS is needed to track their walk.

Does anyone know that? As I've seen that they're able to make a profit from walking while that app is on. I'm not sure about the whole details but it's like an NFT shoe that's needed for you to earn as you walk.

What you've read was right. This is a M2E project or move to earn. But first you have to purchase a shoe and there are like several level of each shoe that would determine how much you're earning everytime you move.
This has been the new hype and there were actually more projects are copying the same.

This kind of project would definitely die down If there's not enough people purchasing the shoe.

[aprilnot]

Do you think it is a good investment or rather a ponzi like scam?

if you look at the concept, I think this project is good, move and get a reward. a new concept in the field of NFT, if previously nft was dominated by games, this project comes with a different concept and offers something good. so this could be a good investment, and a long way from being called a ponzi.

[nimogsm]

I don't think the popularity of the project will be long.Now there are already many similar ones and all pursue the same goal to earn more money.This is just a new trend, which is promoted by large sites.Today this trend will be different tomorrow.

[tvplus006]

Do you think it is a good investment or rather a ponzi like scam?

Such schemes necessarily end with the depreciation of the coin, and in this case, GMT, which went to correction a few days ago, will act as such a coin. But this will not happen soon and perhaps now there is a good opportunity to buy a coin at a reduced price. But you should remember that such a coin is not intended for hold.

[Xal0lex]

A good investment if you are an early adopter or venture capitalist in such projects, but the very way of earning is more like a ponzi scheme and long-term investment in such projects can turn out to be a disaster. The idea itself is good for earning money and will probably be developed further, but you can not be sure that the project in its current form will also maintain interest at the same level and constantly attract new users. And without new users, this project will not survive, otherwise who will pay rewards?

If you decide to buy sneakers in this project and start earning tokens, it's a bad investment, especially now that the altcoin market is constantly tending downward and the value of these tokens is constantly dropping.

[capedbaldy]

I don't think the popularity of the project will be long.Now there are already many similar ones and all pursue the same goal to earn more money.This is just a new trend, which is promoted by large sites.Today this trend will be different tomorrow.

The presence of several competitors with the same goal will make the hype last longer, but unfortunately scam projects will infiltrate every hype to take advantage of the enthusiasm of the community. But we need to know that every hype will just disappear without saying goodbye, so we need to consider looking for profits from hype project investments in the long term.

[aioc]

I don't think the popularity of the project will be long.Now there are already many similar ones and all pursue the same goal to earn more money.This is just a new trend, which is promoted by large sites.Today this trend will be different tomorrow.

The only advantage of this new trend is the right entry point if you got in early you will likely make a profit now look at the chart, there's a big line of pumps then a continuous dip in the price, if you choose to invest here check the roadmap and the behavior of the team are they really on a long haul, after their biggest hype, I notice that after any project's hype, the team slowed down on the development of the project.

[Little_Sister]

The only advantage of this new trend is the right entry point if you got in early you will likely make a profit now look at the chart, there's a big line of pumps then a continuous dip in the price, if you choose to invest here check the roadmap and the behavior of the team are they really on a long haul, after their biggest hype, I notice that after any project's hype, the team slowed down on the development of the project.

For investments in similar projects, it is better since the public sale because you can buy them at a lower price before the tokens are listed on the exchange. But I agree with you, that having to check every detail information of every project and check reviews from trusted neutral sources, just following hype without research will lose your investment in scam project.

[CryptoYar]

Do you think it is a good investment or rather a ponzi like scam?

Obviously not a Ponzi but a trending coin/token with Move To Earn concept, it is new thing just like previously saw the DeFi and then play to earn now it is MOVE TO EARN trend.

the coingecko  have created a sprit category for M2E projects and STEPN is on top.

~
This has been the new hype and there were actually more projects are copying the same.

yes I saw some projects that are being launched on daomaker same shoe story

This kind of project would definitely die down If there's not enough people purchasing the shoe.

it happen all the time when trend changes.

[jossiel]

Going back in here and speaking of STEPN.

I saw a post on Facebook that there were people that have bought those virtual shoes and they're also able to earn through walking as GPS is needed to track their walk.

Does anyone know that? As I've seen that they're able to make a profit from walking while that app is on. I'm not sure about the whole details but it's like an NFT shoe that's needed for you to earn as you walk.

What you've read was right. This is a M2E project or move to earn. But first you have to purchase a shoe and there are like several level of each shoe that would determine how much you're earning everytime you move.
This has been the new hype and there were actually more projects are copying the same.

This kind of project would definitely die down If there's not enough people purchasing the shoe.

It's like the NFT-P2E idea that you need to buy an NFT first before you get to the game. So in this case with STEPN, you'll have to buy the shoe as a requirement for you to be eligible to earn as you walk or run.

I would assume the same thing as you.

Right now, it's currently on hype but everything that goes high will come down and all the hype that it has will eventually be gone.

[Tony116]

Going back in here and speaking of STEPN.

I saw a post on Facebook that there were people that have bought those virtual shoes and they're also able to earn through walking as GPS is needed to track their walk.

Does anyone know that? As I've seen that they're able to make a profit from walking while that app is on. I'm not sure about the whole details but it's like an NFT shoe that's needed for you to earn as you walk.

What you've read was right. This is a M2E project or move to earn. But first you have to purchase a shoe and there are like several level of each shoe that would determine how much you're earning everytime you move.
This has been the new hype and there were actually more projects are copying the same.

This kind of project would definitely die down If there's not enough people purchasing the shoe.

It's like the NFT-P2E idea that you need to buy an NFT first before you get to the game. So in this case with STEPN, you'll have to buy the shoe as a requirement for you to be eligible to earn as you walk or run.

I would assume the same thing as you.

Right now, it's currently on hype but everything that goes high will come down and all the hype that it has will eventually be gone.

It's just one of the transient trends in the market like P2E so it's no wonder that the hype will soon fade away. Compared to P2E, I find M2E really M2E very useful because in addition to the goal of making money, M2E can help us improve our health by jogging. I really hope this trend lasts longer than we think because it really helps.
This is not a ponzi project but with the current high price, it is very unlikely to be profitable for new holders. But if you have time to jog, maybe you should give it a try.

[Beparanf]

The only advantage of this new trend is the right entry point if you got in early you will likely make a profit now look at the chart, there's a big line of pumps then a continuous dip in the price, if you choose to invest here check the roadmap and the behavior of the team are they really on a long haul, after their biggest hype, I notice that after any project's hype, the team slowed down on the development of the project.

For investments in similar projects, it is better since the public sale because you can buy them at a lower price before the tokens are listed on the exchange. But I agree with you, that having to check every detail information of every project and check reviews from trusted neutral sources, just following hype without research will lose your investment in scam project.

This is very dangerous investment strategy because you know that it will be pump and dump since most of the investors is not a holder but rather same thinking like you that only wants quick profit since they missed the profit opportunity on StepN. I still prefer investing on the original project idea and just wait for the correction to enter rather than risk everything on copycat project.

[Wildwest]

Every new project does have risks because we can't fully see the development, but for STEPN I think open a scam project and you can try to invest some of your assets, with the price is still low then the risk of loss is very small and still have hopes that the coin will increase, but you analyze again about the project so that there is no doubt and regret later.

[indo1]

Do you think it is a good investment or rather a ponzi like scam?

I can't say for sure it's a scam or a ponzi. If we assume it's ponzi aren't all cryptocurrencies pretty much the same? can be equated all cryptocurrencies are also almost similar to ponzi, what is the value of the STEPN project in my opinion is the concept they use is very unique. Although they almost have similarities with the concept of the game Play To Earn, but their goals can also be better for health, maybe this is a concept that is still in development that is not final. Let's see ahead how the final of this concept.

[bitjoin]

Depends on how you react to it, if you are afraid of a scam, leave it. But if you see a good investment place, do it immediately. STEPN has not shown any signs for the long term, you can take advantage of STEPN if you think it is worth saving money there. But back to your belief, if you are afraid of losing you should just leave it and move on to another better project.

[Teraboy]

I honestly very much doubt the economic model of this project gonna be sustaining for long, earning by just moving is great and all but if that’s the sole utility I mean there is no real product like with the gaming NFT it’s just gonna be boring in the long term.
I’d definitely invest in gaming platform more since they are already tested and their economic model are already growing so much. after all this kind of thing like moving for earning model is rather new and untested, basically you’re investing in a project with new
innovation and keep in mind it could either be great success or just fails miserably.

[Psynthax]

I don't think the popularity of the project will be long.Now there are already many similar ones and all pursue the same goal to earn more money.This is just a new trend, which is promoted by large sites.Today this trend will be different tomorrow.

totally depends with the ROI from the players, if the ROI can sustain for long term and this one will always exist even it has not become a hype trend again. You must remember defi even when that has not become a major trend again but the hype was still around there.
The trend can't easily change. This is also depend on what new project that recently got hyped but during the bearish market and i expect nothing to happen.

[ANSEL_2.0]

StepN is not a scam but I am worry about the future of this project, when all types is done for what will be the fate on this project? If you want to invest money on this project make sure you buy when there is a massive sell off or when BTC goes to 27,000$ yes at this point this price is possible.