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Author Topic: Is this the end or only the beginning  (Read 426 times)
WalkerIVIV
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May 26, 2022, 10:04:30 PM
 #21

then you just stick with the famous altcoins like ETH, BNB and the likes that have famous team behind the project.
although the price for all of these coins are already high enough but doesn't necessarily means they not gonna score some high return of investment just like any other smaller capitalization altcoins.
Instead they are the ones that have bigger chance of having the first bullish run if the bearish trend has finally subsided, the thing with some low market cap altcoins is that they always have the chance of being rugpulled so as i've said, altcoins like BNB and ETH have zero chance of doing that.

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May 26, 2022, 10:11:20 PM
 #22

I don't follow the news about it so I don't know for sure but there may be many projects that have the same fate as Luna's project. Such projects will still happen today and in the future, because cryptocurrencies can attract many investors to invest in their projects. These investors become targets for scammers who try to deceive those investors. If we are not careful, we can become the next target and lose the money we have invested.
Such is the risk of cryptocurrencies and we must acknowledge the fact that in addition to being profitable on the other hand, it also has big risks and we never know,
a project like that certainly never ends and it's true you said that we need to be careful,
what is important before making a decision do research and analysis first

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May 26, 2022, 10:55:17 PM
 #23

I don't follow the news about it so I don't know for sure but there may be many projects that have the same fate as Luna's project. Such projects will still happen today and in the future, because cryptocurrencies can attract many investors to invest in their projects. These investors become targets for scammers who try to deceive those investors. If we are not careful, we can become the next target and lose the money we have invested.
Such is the risk of cryptocurrencies and we must acknowledge the fact that in addition to being profitable on the other hand, it also has big risks and we never know,
a project like that certainly never ends and it's true you said that we need to be careful,
what is important before making a decision do research and analysis first
before we start our investment in cryptocurrency we must understand about its risk, is it suitable with our investment character or not. some people courage to take high risk in order to gain huge return, but some of them not. Nah for those didn't accept must understand it early before everything late. knowledge about risk and reward management was important for us. cryptocurrency looks interesting for some people , but when they know completely how this market work maybe few of them will survive.
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May 26, 2022, 11:23:18 PM
 #24

How many projects will rug pull in 2022?
We don't know exactly, but the projects with high FUD or the shitcoins that pump because of hype only will be easily rug pull.
So far, we have seen several tokens and coins rug pull, moreover with the situation of the last incident of Luna.
But we cannot still predict which one will be following. Hopefully, this will not be the top coins.
If they are shitcoins, I don't care because they are likely common to having this.
Btw, this is the end of the bullish era and the bearish market has started. Lets wait and see, be prepared with the ebarish market. No need to panic actually ebcause we haveever xperinced it in 2017.

R


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May 26, 2022, 11:58:11 PM
Last edit: May 27, 2022, 12:13:32 AM by NicNacCoin
 #25

I feel the same way as you.  Luna has become a time but the best coin of the year.  Many said it was Tera Lunar year.  But for their mistake, this is the state of the Tera Luna project.  Today Tera Luna has seen their bad condition and corrected all the mistakes of the rest of the currency.

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May 27, 2022, 03:48:38 AM
 #26


There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.


Metaverse is a revolutionary project with countless ICOs coming out, every new day every new project, and new creators are being discovered. While there are many projects created, some may end in fraud or failure. The importance of minimal basic analysis lies in ourselves if the rush to invest in cryptocurrencies is no safer than investing in traditional assets. In the end, whether you make money or lose it completely.

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May 27, 2022, 03:56:09 AM
 #27

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

This is why it’s a good idea to buy bitcoin & other major established alts. Smaller, less known alts are a major risk, we saw what happened with LUNA & there’s always a chance of this.
Luna is one of the top 10 on CMC, it's not smaller. What happened to Luna can show us that any altcoin can crash even the top altcoins.  Holding the top altcoins only reduces our risk to shitcoins but doesn't mean they'll be as safe as bitcoin.

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May 27, 2022, 05:29:00 AM
 #28

I am not sure if there will be tons of other ones but I am sure that it won't be as much as people think it will be. I know that it will be a bit of a problem at some time but it will be just like 2021 and 2020 and the same. I just think that wee should not be considering the rug pull projects as a problem. They have been here for many years and they will continue to be here and everything will be the same.

We haven't gone down this much from any other rug pull before, Luna caused the whole market to go down and that is a rare situation but I am sure that no matter what happens with the rug pulls, the bitcoin long term trajectory is great.

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May 27, 2022, 07:24:54 AM
 #29

In my opinion, not all projects created in 2022 are rugpull, they need a long process to be able to increase their trading volume, it's just that maybe developers should be more forced to work well so they can create projects that are useful for the community and can trigger price increases owned product.

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May 27, 2022, 07:35:23 AM
 #30

I heard that in 2018 bear market tons of altcoins vanished into thin air and many loses volume and liquidity which turn to dead project later, I am guessing the same thing will happen this time too, if you are planning to invest in crypto right now you are doing it wrongly, hold your horses and wait for some time, see how many altcoisn will be left behind in a bloody market and start making your choices.
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May 27, 2022, 09:33:35 AM
 #31

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
Countless numbers, perhaps we don't just know and notice of their leaving/exit scam.
At this time, we could not sure which one is trustworthy among these new projects. Many of them look promising but later on, they will turn scam like Luna. This is the reason why we should be smart in choosing projects to invest, putting some guideline is very helpful,
 - must have a backup exchange/platform
 - govern with strong and reputable team members
 - high liquidity

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May 27, 2022, 12:03:54 PM
 #32

Luna is probably the beginning and will lead to a series of projects facing similar situations. In recent days, YFII, COPE have also brought a sense of fear to investors. Although in the current market's difficult context, I still believe that there will be some impetus for some new trends to form and maintain the plan. Personally, I think this period is up to limit participation in altcoins to reduce risk, and it will still be BTC that we need to hold more of in crypto assets, but we still need to be on the lookout for more dire situations right now.
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May 27, 2022, 09:34:11 PM
 #33

Definitely for many projects, a deep bearish trend will turn into a scramble and doom. This is part of the crypto market, because during a hype there are always a lot of projects that are worthless and crypto winter should filter out worthwhile projects from those that are worthless. Those that survive the global downtrend will develop further. One of the main metrics of project viability and prospects is the participation of funds, the vesting table, as well as the correspondence of the roadmap and implemented functions in the project.

let's admit the fact that a lot of these projects have the main intention of rug pulling when they develop the project. how many do you think have the sincerity to achieve their target objectives in this market to the point that they can sacrifice some of their personal funds? i don't think they are many of them. most are just collecting money for their retirement funds.
no one will definitely admit their true intentions but we will see it on how they progress with their developments. if they are just pure words or promises, and no output, better get out while you can. it is your own instincts that will tell you something is turning out to be wrong eventually.

This we cannot know for sure, just as we cannot be sure about the behind-the-scenes games of the funds that invested in the project and the project team. I have repeatedly encountered such manipulations, which were planned in advance and all the conditions were created for a certain category of investors. As an example, I will take the Kintsugi project, which quietly conducted a listing and did not even announce it on its media platforms. As a result, while the main group of investors was in the dark, they already managed to sell out and dump the tokens at a high price. The community was unhappy with such a move and the team was hit with a wave of abuse on Discord, for which they started to ban users of the channel.

In the same way, they can stall by prior arrangement with a group of investors in order to fit some event under a certain date or something like that. The crypto industry is the wild west in the investment world, and they can use the dirtiest methods against the crowd here.

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May 27, 2022, 09:47:49 PM
 #34

How many projects will rug pull in 2022?
We cannot count them, maybe so many projects will rug pull, moreover, the one that has no fundamentals or even the new projects

There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known
Even if they cannot rise up again this will not be easy. they face a difficult situation and they are likely satrting from the beginning again.

Is this the end or only the beginning
This era is the starting of the bearish era, well let's enjoy this bearish era and try to collect more money to be sued for buying Bitcoin in the bearish time and hold them for long time until facing the next bullish era again

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May 27, 2022, 10:00:03 PM
 #35

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
Luna does not have invincible team but that does not shift our focus researching the team and avoid anonymous team. We should be very carefull with all those young CEO, not everyone can be Vitalik. Aniother interesting new about A16 selling 80% of asset prior to crash could indicate the inside information asses. Except for projects that have gone through 2 cycles with strong the community and hype, everyone should ride to bull market and dump.

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May 27, 2022, 10:17:50 PM
 #36

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
We really can't tell, and since we are in a bear market, maybe there will be projects who thinks that they can't make money out of this cycle so much better if they will rug pull and disappear with investors money.

And probably this is will continue, as Luna has set a precedence, and this whole Defi thingy will most likely be the next one to rug pull. So the lesson is just to be very careful right now of our hard earn money specially investing in new projects.
Just like what you said, things are still going. Luna is just the one who started it and it won't stop there. On May 25th, the price of YFII token was unexpectedly heavily dumped, the price dropped from 1,200 to as low as $320 in just 15 minutes, or 74% of the value. Lots of predictions DFI's team decided to rugbull and leave their project.

We are having bad days in the market, best stay away from new projects, focus more on bitcoin and top altcoins to avoid painful losses.

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May 27, 2022, 10:26:55 PM
 #37

Especially this NFT projects, few many had embezzled and scammed investors of their hard earned money using p2e NFT to disguise. I literally don't think scam would come to an end in this crypto space, we all just need to be careful.

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May 28, 2022, 04:06:39 AM
 #38

In my opinion, not all projects created in 2022 are rugpull, they need a long process to be able to increase their trading volume, it's just that maybe developers should be more forced to work well so they can create projects that are useful for the community and can trigger price increases owned product.
Yes, I myself have thoughts in that direction, more and more projects are being made but are not clear, you can even call it a scammer. The ease of creating new projects is one of the problems I think, because everyone can do that for the purpose of personal gain to the detriment of others. Now we have to be extra wary of emerging projects.

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May 28, 2022, 05:28:28 AM
 #39

I think that you re thiking so fast about this will become the end for crypto. The fact that if market must have experienced the bearish trend. In my opinion if this bearish trend will be last for a year. That means if you must not think this will come to its end very soon. As you can see the market was still in the panic mode and so many people are still buying and selling during the bearish trende. Luna is a thing that was also contributing to trigger the market.

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May 28, 2022, 06:42:08 AM
 #40

USDT is required for fiat coins to enter the crypto blockchain world, DAI is the bank of the crypto world, both are required. For a very long time, coexistence is required.
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