Popular projects and none popular projects

[monineklutak]

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...

It is very clear that cryptocurrencies are very risky and sometimes there are still some people who want to get rich quick,
it's important to diversify whether it's an investment or a portfolio and at least it can minimize risk,
the most important thing before making a decision do research and analysis first

[Altryist]

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.

A large market capitalization is not yet a reason to invest in a coin, besides this, you need to study the project well, how it implements everything that it has planned, is there a working product, where is the price of the coin at the moment, it a strong decline now, or on ATH, etc. As for liquidity, I don’t think that you will drop such large amounts that you won’t have enough current liquidity, but if we are talking about an outright scam, then in this case it’s not even worth considering for investment.

[TheUltraElite]

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.

Most of these people would not take our advice to stay with the top 10 and rather for the least 10 thinking that these are going to go up all of a sudden. If they reveal properly, you will find out that they were suggested to buy them from some pump and dump group, after which the owners dumped.

While stocks work differently, crypto has its roots in bitcoin. Buying bitcoin would be the safest thing to do in any bear market. But possibly not the biggest profit margin on the bull market even thought its instantaneous price is pretty big. Altcoins which are shitcoins would never be able to counter the same. Newly launched popular projects are even less likely after the hype starts going down.

[dimonstration]

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...

Gold and forex are also having the same risk like crypto. The problem is if people have mindset to get safe investment and it's better for them to keep their money in their bank account. there's no need for them to take the risk if they were still complaining about. There's no different between popular and unpopular projects. Both are still a high risk investment in the crypto

This comment is not accurate. Gold and forex are not high volatile asset like cryptocurrency. You will just few profit even if you invest on gold for a long time since the price growth is not that huge since then compared on crypto that can gain 100% or more with just a single day. It's improper to categorized gold and forex as same high risk as crypto without checking first the volatility of this assets.

[fvb]

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 are a lot of examples when popular projects subsequently became bad. You were even given examples of different projects here. Much depends on the team and the usefulness of the provided product of any company. And the point is not that the project initially had the purpose of fraud, but that the product provided did not have further qualitative development.

[mdzahed134]

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 are no guarantee about safe investment in cryptocurrency because it’s not a stable market. Popular project, do you means old top ranking projects? Even those aren’t 100% guaranteed investment, you know about luna which is billions dollars project but it was collapsed within a few days it’s unbelievable but luna can be big example.

[serjent05]

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

Investing in a project is taking risk.  No matter how popular or unpopular a project is, there is always a possibility that it can turn a scam.  There are known projects in the industry that was very popular but in the end, it turns out to be a scam.

Back when cloud mining is popular, there are projects created that were so popular it generates a huge amounts of investment through selling hashes, at first they were ok but just months after they stop paying their client and sometimes declare bankruptcy and shut down.  Some of these cloud mining company scam had been brought to court but some just poof in the thin air because the owner is unknown.

[tygeade]

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.

I would guess that working with a place like Coinbase for example would make sure that you are dealing with something that could be working with regulators because they are as legit as it gets, so any project that gets listed on Coinbase needs to go through a bunch of legal battles before it could be listed there, if you list a scam project there, then Coinbase would have to respond to SEC and that’s not going to go so well for them.

It means, there are "some" platforms that you can trust, and won't turn into a scam, I am not saying it won't fail, projects could fail at any moment, but there is a difference between failing and scamming people.

[Punakawan]

Cryptocurrencies are always dynamic and make us have to always follow developments, many investors do not care about developing by buying and then save on wallet, when there is a case of hack and making users have to send token again and with a time limit then if it's too late it will make us lose assets.

[Lantind]

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

What popular project are you referring to? Is it a project that has been listed on the stock exchange, or is it still in the development stage. Popular is not a guarantee of scam or trust, but popular brings one step more success than unpopular. For example, Terra is a popular project, but we can see what Terra has been up to so far. That is, popular is not a guarantee of a trust.

[Balmain]

If we go back to the present in both, a lot of incident happened. Even the most popular and reliable projects were abandoned. I think popularity is an important concept, but I think your priority should be other elements of the project. If a project is really consistent, it is already popular or will be. I don't understand why people invest just because a project is popular. Anything can happen in this market at any time, so you have to be careful and distribute everything.

[bittick]

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

What popular project are you referring to? Is it a project that has been listed on the stock exchange, or is it still in the development stage. Popular is not a guarantee of scam or trust, but popular brings one step more success than unpopular. For example, Terra is a popular project, but we can see what Terra has been up to so far. That is, popular is not a guarantee of a trust.

but at least with luna it still have some value even though the crash is so bad that it affect the entire cryptocurrency market, if it had happened to some unpopular coin they'd vanished into thin air, meanwhile with luna it still retaining some value and become shitcoins instead and still famous till this date, I think that's the difference with popular and unpopular coin.

[capedbaldy]

What popular project are you referring to? Is it a project that has been listed on the stock exchange, or is it still in the development stage. Popular is not a guarantee of scam or trust, but popular brings one step more success than unpopular. For example, Terra is a popular project, but we can see what Terra has been up to so far. That is, popular is not a guarantee of a trust.

That's the difference between popular projects and top projects, even popular projects are not guaranteed to be trusted for the long term, the Luna crash condition is very worrying because people trust investment in popular projects and ignore trust in top coins like ETH and BNB.

[Silberman]

What popular project are you referring to? Is it a project that has been listed on the stock exchange, or is it still in the development stage. Popular is not a guarantee of scam or trust, but popular brings one step more success than unpopular. For example, Terra is a popular project, but we can see what Terra has been up to so far. That is, popular is not a guarantee of a trust.

That's the difference between popular projects and top projects, even popular projects are not guaranteed to be trusted for the long term, the Luna crash condition is very worrying because people trust investment in popular projects and ignore trust in top coins like ETH and BNB.

The popularity of a project has nothing to do with how good it can possibly be, and I think we have too many examples of this, meme coins, metaverse coins and shitcoins are clear examples of coins which are incredibly popular coins among the community and despite that popularity the number of those coins which disappear each month is huge, so people need to learn to look beyond the popularity of a project if they do not want to lose their limited capital.

[RussianEnglishTranslation]

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

No project is 100% safe from scams and hacks but if VC firms like Pantera Capital and DCG are involved, then the project has been researched thoroughly and should be considered safe. Also, projects that are implementing ISO20022 compatibility like XLM, XRP and ICP should all be safe too because that is the standard for CBDCs and not any company has the ability/approval to transfer those kinds of assets.

[Silberman]

In cryptcourrencies is difficult to guess, maybe now there are projects that we think are small but after a few years become big, this makes us have to always be realistic that anything can happen, if we focus on profit then choose coins that have great potential to skyrocket.

the thing that matters is the development shown by the project itself I guess since even popular coin could lose their standing if they didn't meet their promise, just like how luna failed in taking care of their ust that make them gets abandoned and with a series of foolish decision in trying making a recover for their platform instead it goes even lower.

You are right, the development of the project is everything, investors put too much weight into the image of the project the developers are trying to sell, the white paper and even the partners of the project, but all of that is secondary to the development of the project itself, without a nice and steady development there is not hope for any project to make it far in this market, and yet this is probably what we lack the most in this market, as there are many projects which may seem to be headed to success but after a few years you can see they have not moved an inch and they are nowhere close to accomplish what the developers promised on their roadmap.

[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?

There is very little that is safe in this crypto currency. But some cases are safe.As we saw a few days ago Tera Luna was a popular and good quality platform.People believed a lot and got enough popularity.For some reason that project turned into a scandal.So from here we can say that popular projects often turn into scams. It is said that there is very little that is safe in cryptocurrencies.

[goinmerry]

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

Being popular doesn't mean you are in a safe project. There's no such thing as 100% safe in any project however if the project already established a good community, and foundation, and working for several years already, it unlikely won't turn into a scam.

My advice is, for now, try to stay away from investing in new projects. I'm not saying it's not good to put money on new projects but you are not ready yet to face the risks of doing that. Build experience first and as soon as you can now determine if that new project is good or not, then you can now take yourself to another level of risks and challenges.

[WalkerIVIV]

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 very little that is safe in this crypto currency. But some cases are safe.As we saw a few days ago Tera Luna was a popular and good quality platform.People believed a lot and got enough popularity.For some reason that project turned into a scandal.So from here we can say that popular projects often turn into scams. It is said that there is very little that is safe in cryptocurrencies.

Terra got destroyed easily. that proves that if a small mistake can make the platform to be done. I personally said there was no safe thing in crypto. Remember even when you were investing in bitcoin and you may still face a lose with your money. It's cause by the price of bitcoin has been dipping to the bottom. That makes so many peoeple are also loosing their money and lives. There's no safe thing in the crypto.

[Wakate]

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

You need to know that investing need to some certain research do that you can be rest assure that what you are investing in can give you some assurance that you investment is safe and can bring something good to the table. Investing also need to aware that anything can happen in the crypto market that can cause a lot some difficulties to investors if the project eventually becomes rug pull. We need to understand that the market is full of scam project and some project that has weak team backing it can end up become a rug pull or a coin that will never go bullish even in a long time.