Popular projects and none popular projects

[Tamedbeast]

If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?

[1714946587]

1714946587

[1714946587]

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[Kaplusha0]

Look at the community in the project, whether it is active, and how the developers work with the community.
I can give you an example of a promising project Amulet Protocol.
Amulet Protocol, it is a decentralized risk protection protocol.
This project at the moment probably has the most active community, and the developers are very open.
So here's an example of one definitely not a scam project. DYOR

[cryptoaddictchie]

If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?

The latter could happen too and its proven in the past. Best example is bitconnect. Also some others well known projects that collapse and got their dirty tactics exiting the market.  It doesnt mean that if you invest on a popular one then your safe. What you need to invest in are those big projects with a lot of proven legit and has a major background. Well for that you need to check top projects, some of them arent popular but indeed more trusted than those popular one.

[libert19]

Well, look at terra. But yes, relatively less chance to get berserk.

..There's no safe place in the crypto other than owning fiat balance..

I assume by 'fiat balance' you mean stablecoins, then even UST fell. Imo there is nothing completely safe in the world.

[dansus021]

Well, look at terra. But yes, relatively less chance to get berserk.

well this a good of example,  i mean yeah terra have a good community a good backend of investor good at development but still hahaha

Then you must learn from what happened with terra luna, bitconnect and some major projects that have been going down due to the serious problem. There's no guarantee if top coins will give you safe place to store your money. Your money will not be safe. If you wanna put your money into the risk and then use it as investment rather than store of value. There's no safe place in the crypto other than owning fiat balance.

Truee haha . NO SYSTEM IS SAFE 

[koang]

It's not about whether the crypto project is popular or not, but how you research and understand why you should buy the coin.
There are more significant disadvantages than gains if we are not knowledgeable about the project.
Crypto is a high-risk investment asset, and the victims of scams are newbies who FOMO a crypto asset.
Do not invest in crypto assets without understanding the fundamentals and use case of the coin. DYOR

[len01]

it could have happened at any time after several high-profile projects collapsed in the last year. because we won't fully understand what the existing famous projects have planned and our job is only to do our own research before putting our money in the project.
and for me it is safer to invest in bitcoin which has been around for a long time and has a good track record for a long time and never disappoints investors in the long term. if you want to read all the bitcoin journeys from the beginning until now, chances are you will prefer to go there

[TheUltraElite]

If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?

A popular project does not mean a legitimate project. We have so many examples of the same, since my time BitConnect became a massive hit, but then turned ponzi, probably you never heard of it and recently the Terra project.

These project may initially look legitimate, but you can never understand when they reveal their true colors and by then it is too late. Properly done research might sometime reveal the red flags, but often the scammers reveal very little info so as to keep investors in the dark while giving out lucrative offers for taking the money.

Since the crypto space is not regulated a large number of scams may be going on right under our noses, but they will be caught in the coming 10years, not now when the hype is at peak.

[vv181]

Popularity being used as an indication of where to put your money is reckless. Terra Luna was once popular, and Squid Game Token was also popular. There is no certainty that the term popular could be established to firmly stand whether some projects are safe or not. There is more assuring effort like analysing the token/business model, and the underlying technologies which could be used with more weight compared to popularity.

Popularity only affects within pump and dump scheme, but be in mind a scam scenario like Squid Game exists.

[Jody.Drummer]

There's no guarantee that popular projects won't take your money away. Some time ago we were faced with a coin that was popular even had a high rating in the market, but still it brought a very big loss to date, I think I don't need to mention which coin because it happened recently and even they made a new project again which I think will have the same fate as the previous coin.
Do not be lured by its popularity, because it could be a very terrible trap. If not quite sure it is better to put money on the already self-explanatory bitcoin.

[bittick]

meme coins are mostly very popular, like shib it's very popular yet it's still meme coin at the end of the day, there are many cases where the coin is very famous and ended with rugpulls I think fame alone isn't concrete proof that you aren't gonna get scammed instead I think you should see the underlying project technical and the devs itself, moreover if coin gets listed in platform like binance there's lower chance of having rugpulls in the future.

[goaldigger]

If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?

There’s a higher chance that your money will be safe from scam since usually a good project can attract more investors and that makes them more popular though there’s a case already before that they are very popular with their ICO and after the period of investing, they just vanish and many loses their money. Investing is very risky, if you are in doubt you can choose to invest with the top coins/tokens which I can say is more safe.

[Jackl87]

If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?

Well i would say that if you are choosing projects that are already big and established, then i think that your funds are definitely way safer then if you choose a very new project. With big and established i mean projects that are withing the top 100 in terms of market cap. The danger that those projects are pure scams is just very little there in my opinion while a new and upcoming project that was only listed on uniswap or pancakeswap so far always has the threat of a potential rugpull of the team after a few days.
Of course even with big and established projects there always is a very small chance that you will lose your funds. Just take a look at what happened with Luna a few weeks ago and that project was even in the top 10 if i remember correctly. So you will never be 100% safe i assume.

[lalabotax]

What do you mean by popular projects? Do you mean old projects with a good reputation or new projects with the hype?
If you mean an opportunity to fail, each project has a chance to fail. The failure cannot be always determined by new or old, by popular or unpopular. No project that really has a guarantee to survive forever. However, the old project with a good reputation should be the safest place to invest our money because they can prove that they already survive a long time and have no bad issues.

[tvplus006]

...I can give you an example of a promising project Amulet Protocol.
Amulet Protocol, it is a decentralized risk protection protocol...

I think it's too early to say that the Amulet Protocol is a popular project, since it is still under development and testing in the test network has recently begun. Accordingly, it will not work to invest in this project, as the OP wishes. But given the fact that Solana Ventures, Animoca Brands, Republic are among the investors, it can be assumed that the team will present a really good project.

[nurilham]

If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?

None can exactly guarantee it. But by investing in popular projects, moreover, the top projects that have been listed on the top exchanges, we have been more careful and tried to decrease the scam probabilities. However, the new project is a very high risk to invest in. Although we have analyzed the project seriously and carefully, the new projects have bigger percentages of scam probabilities. Additionally, even if they are not scammers, new projects also have more challenges to be successful in the market, not failed after listing. That is why new project investment may have higher risk.

[Lagduf]

Popular project can become a scam project as well. This actually depends on the project developers. I think that you must know the reason DYOR is a must. there's no guarantee if investing in the major or legit token will give you guarantee if that will never become a scam project. The fact that these days the big project is also involving the risk by anyone when nivesting their money. Any investment product will always be involving the big risk

[livingfree]

Yes, likely that you'll have a little chance to invest into a scam project if you're going with the flock. It's because that many have been also setting their standards and want to be safe with their investment so they do where most people go.

But as I have said, there's a little chance because we've seen top ranking projects that went miserably e.g Terra, UST a stable coin, Bitconnect was once at the top before.

It's still requiring each and everyone of us to do our research before we trust any of them. Well, to make it easier why don't just buy bitcoin?

[Jaered]

Big capital NO. Crypto is a very big volatile crater that can erupt anytime. Your funds may be safe from exit scams or rug pulls, but what if there is a bank run for whatever reason, like Luna showed us

[NicNacCoin]

If I invest in a popular project does that make my money safe from scams or popular projects can turn to scam as well?

Always consider investing in popular projects. But popular projects don't always turn into scandals.Again some popular projects turned into scams. But you must be careful while investing and you have to invest with risk.But in this crypto currency you always have to work with risk.Without risk you will never get anything easily. Then and whenever you do something you need to use something reliable.