Popular projects and none popular projects

[Coyster]

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 thing is that most altcoin related projects can turn into a scam pretty fast, sometimes it doesn't even matter how popular the project is because you might not be able to determine if the popularity is organic or genuine, or if it is solely based on hype with zero utility, if you are actually looking out for the safety of your money, then i'd suggest you go for a truly decentralized and long term sustainable project/coin like Bitcoin, and remember that whilst looking for projects to invest in, you should go for projects that have an actual utility, and not just ones that are popular, because popularity can be bought/shilled.

[harizen]

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

Let's define what "popular" is meant for everyone.

Popular by hype?
Popular as it's now established?
Popular just on what you think?

Technically, there's no way we can determine if a certain project will turn into a scam but for an already established project that already reached the status of being a well-known popular, the risks of being scammed won't likely happen.

[Rengga Jati]

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

Let's define what "popular" is meant for everyone.

Popular by hype?
Popular as it's now established?
Popular just on what you think?

Exactly, in fact, many popular projects come with hype, and see what commonly happened to the projects with hype, they will only use the strategy of pump and dump, and then, their project will be failed and fall down, not a long time in the market.
I know that may not be not all hype projects, but mostly, it will be failed then.

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

We may find a certain popular project that is actually a scam. Have you still remembered the Squid Game coin or other hype coins that are very popular? In fact, they are big scams.
Read what @harizen stated, and ensure that you are better to invest in projects that you really understand, have analyzed, and established very well, and moreover top coins like Bitcoin, Ethereum, and BNB. But once more, DYOR carefully and wisely before deciding. You take your own risks.

[topman21]

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

If you invest in popular projects then surely your project will be risk free.But if you want to work in crypto currency, you must work with risk and you cannot do anything without it.And if you invest, you must accept this risk. As we saw a few days ago a very popular coin turned into a scam.And you all know that coin. That coin is Luna.Luna was once very popular and very high quality but she has turned people into total destruction.So you have to accept that even popular currency will turn into a scam at some point.

[Paul Pogba]

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

Investing in cryptocurrencies is very volatile, so we have to be good at choosing projects that are worthy of us to buy, especially if we are in a bearish market which will certainly test our patience, if we panic and sell at a loss, we will regret it.

[Fundamentals Of]

Yes, popular projects can easily turn out as scam or a big failure. You must have already heard of the case of Terra (Luna). If you haven't yet, read about it. Other than that, the altcoin market is full of such stories. If we trace its history back to the times when ICO is very popular, even those projects that managed to sold out their hard caps in a matter of hours or few days end up scams or big failures. That is why at this point, it is only Bitcoin that you can rely on. Or perhaps an altcoin or two.

[Ayers]

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

except for bitcoin, the rest of the projects are risky but the risk is more or less depending on each project, capital investment is very risky and cryptocurrencies are considered the riskiest form of investment. nothing is absolutely safe in the market, so you have to be very careful before investing

i will remind you of Luna's recent death, Luna is a potential coin developed in 2018 and will really explode in 2022 and become the top project with a market capitalization of nearly 60 billion, this is a huge number that proves the level of success of the project. but after less than 2 weeks everything has returned to zero showing that risks are always lurking for us in the market. be careful with everything, only invest as much as you can if you can lose

[wxa7115]

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 is not the same as a quality project, there are many popular projects which are completely useless, just take a look at meme coins, a whole section of the market which has no use case at all and in which the value of each one of those coins depends on their popularity.

And what happens to those coins despite their popularity? They dump and eventually disappear, there are only a few exceptions to this rule so far, but make no mistake those exceptions will disappear one day as well.

[Note3]

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 is still a chance for a scam because of crypto is full of surprise and many people use crypto world as a place to scam.
You can look at Terra and if you look at the past many popular projects that finally no longer exist.
Maybe it would be better to make it a short term if you have profited then out from that project.

[cryptobadshah]

I think always invest in strong and popular projects but in some time non popular projects give a big profit but many projects how not popular just scam with people, scams promise enormous prizes fast money or assured profits If an investment promises a high return with little or no risk it's definitely a scam ponzi schemes exploit new investors money to pay old ones without genuine investment these schemes fail never commit to an investment on the spot or under duress invest carefully who is can tel you who owns a website check if the account details you're directed to transfer match the company's name if an offer to buy seems authentic verify the company's stock listing for its current valuation and recent performance. some buyout offers may be below market value.

[el kaka22]

Depends on the popularity, and fundamentals of it. Look at Luna, it was a very popular project, at its height I think it broke over top 10 right? I am not entirely sure but I remember it being top 10 if I am not wrong or close to it, and look where it is right now, there is no Luna at all.

It means, you could trust into the big ones and it is not unique for them to turn out to be scam, but it is uncommon at least, whereas brand new projects or non-popular projects could turn out to be a scam easier, and that is the risk you are taking with them, it is pretty common for those ones to turn out to be a scam. I personally still go with top 10 just in case.

[doomloop]

Yes, popular projects can easily turn out as scam or a big failure. You must have already heard of the case of Terra (Luna). If you haven't yet, read about it. Other than that, the altcoin market is full of such stories. If we trace its history back to the times when ICO is very popular, even those projects that managed to sold out their hard caps in a matter of hours or few days end up scams or big failures. That is why at this point, it is only Bitcoin that you can rely on. Or perhaps an altcoin or two.

It takes time for the luna team to declare that their project was a scam. I think that's because they want to gain the trust of the people first because they can scam more money that way than if they perform the scam too early. The only problem is that the charges or the consequences that they are going to be face is also big.

We should not base on the popularity of the project alone but we can also include their age. If the coin has aged a lot like eth and btc, and it is still popular then it's a big sign that they are safe and still profitable. Non popular projects on the other hand can still pump. This is where you can find hidden gems but we must be careful on picking them.

[Fatunad]

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

Everything could happen on this unpredictable and anonymous market.We've seen how those big platforms turns out to be a shit company after they've decided on scamming out their users.
Its normal that we could really able to categorized those projects basing up into their utility and main support on the community.This is what makes things even more harder to choose on what
project you would really be investing yet there are projects which do shit looking but actually does have the potential on being supported on near future and since the price is cheap
then you would really be expecting something to be positive and this is why some people do really eventually took risk on investing on it.

[capedbaldy]

Let's define what "popular" is meant for everyone.

Popular by hype?
Popular as it's now established?
Popular just on what you think?

Technically, there's no way we can determine if a certain project will turn into a scam but for an already established project that already reached the status of being a well-known popular, the risks of being scammed won't likely happen.

We have to define the word popular that is commonly used, but believe me that popular is not a guarantee of top projects because new can also be popular due to hype under certain conditions, I am very experienced in reviewing previous popular projects that have turned into scam projects because the team only uses hype to improve project quality but for the purpose of increasing the market price and then they tear it down from selling the token allocation from the team, so stick to top projects or top coins if you are interested in investing.

[FinneysTrueVision]

Popular and established projects are far less likely to become a scam. There is almost zero chance Bitcoin becomes a scam. With more centralized coins it is a bigger risk. I would stay away from XRP and AVA. I think BNB, Cardano, and Solana have some risk but I don't worry as much about them collapsing and going to zero. Litecoin and Monero I would consider very safe but I also don't think there is as much of an upside to their price.

[Teraboy]

if what you mean by popular is having high market capitalization then it's no brainer that investing in these coin will have less risk of making you lose your money, you see the volume is already different and usually what matters most is the liquidity, there is no use of investing if there is no liquidity, therefore liquidity matters and usually coin with higher market capitalization have higher volume meaning higher liquidity.

[Awaklara]

There is no guarantee that your money will be completely safe even if you invest in popular projects. but at least only minimize the risk.
There have been several examples of popular projects coming out to be scams in the past.
Research before investing is something that is worth investing in, not just based on hype.

All assets in the crypto market are risky. and we only try to minimize the risk to gain profit.
investing in popular projects does not cover the risk of market fluctuations. it can make us lose or even make us in a scam project.
what happened to LUNA certainly teaches us an important lesson. how we are not completely risk-free investing with popular projects.

[sayaya17]

There is no guarantee that your money will be completely safe even if you invest in popular projects. but at least only minimize the risk.
There have been several examples of popular projects coming out to be scams in the past.
Research before investing is something that is worth investing in, not just based on hype.

Yes, they are just to reduce risk for us, there is no 100% guarantee for us including bitcoin. Cryptocurrencies are the riskiest investment market, so invest as much as you can lose and diversify your investments, don't invest it all in cryptocurrencies. Maybe besides cryptocurrencies, there should be other investments like gold or forex...

Everything in life always has a risk, so don't think too straight in dealing with something. That is in every decision in life we ​​must think
carefully first, so that we are not wrong in making decisions. Likewise when it comes to investing in crypto, there are many things that
we have to consider, otherwise we will do something wrong. As you said investing in crypto has a very high risk, including investing in Bitcoin.
Because if we don't know how to invest in Bitcoin, it's certain that we will experience losses.

That's why I always recommend not rushing into the crypto world. Because if we don't learn how the crypto world works, we will definitely
make the wrong decisions. Because investing in crypto is not as easy as imagined, it's not just buying at a low price and selling it at a high price.
There are many complicated things that we will experience when we enter the crypto world, so learn well about the crypto world, then we will
know how to minimize the risk.

[TastyChillySauce00]

But there is another factor apart from popular projects for security when investing, namely the platform. Because a good platform is a platform that already has permission from the authorities. So this will add security when we make investments. So be careful when you invest in a coin that is on a new platform. Because the risk of loss is something that you will bear alone

Permission from the regulators are not always become the key to make your money safe. Remember that you can't know easily which platforms that have been fully cooperated with regulators. Some of platforms that called by people as trusted platforms have become scam platforms.
The main thing is popular has lesser risk compared with the unpopular project. There are so many scam tokens in the market. These tokens were starting from anonymous developers.

[bounceback]

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

If you invest with popular projects that have been proven that they have been able to survive in the long term such as Eth, Bnb and some other top popular coins then I think it will not be too risky and we don't have to worry if one day they will commit fraud because if they If they do that, they have to deal with the SEC, as currently experienced by DoKwon, where he has become a fugitive because of a fraud case against the Terra platform.