Popular projects and none popular projects

[Bitcoin2009]

When the market is bearish then this becomes a big test for projects, many projects are impatient so that they slowly become scams, and this usually happens to large projects that are no longer available in the market, and this is certainly a lesson that we must always monitor assets every day.

[justdimin]

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.

When you go low once, there is really no recovering from that after a while. I do not remember any coin that went more than 50% lower compared to everyone else (like when everyone goes 50%lower but this goes down 75% type of deal) and it would be definitely near impossible for it to recover its position.

Definitely not something that has gone down more than 99.99% because that turned millions of dollars into pennies and there is no recovery from that ever again, it requires way too much money to be invested again in order to at least recover others money, and the ones who do end up selling and that requires even more buying, and there is not that level of buying for a project that already failed.

[glendall]

one of the main reasons to invest is to research carefully what projects we are going to invest in, especially when it is bearish, there are many new projects that are being pioneered but if they are not strong they will stop in the middle of the road and end up being a fraudulent project

[Fara Chan]

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

Not all popular projects can provide a sense of security for placing money in your investment. Terra Luna and other coins were once popular, but ended very tragically.
This overview is a small sample for your decision-making, it is worth noting not only the popular level, but the strength of the coin that can withstand any conditions and better take on a role in a project that has slowly increased, but has strong support.

[CuriousGeorge]

When the market is bearish then this becomes a big test for projects, many projects are impatient so that they slowly become scams, and this usually happens to large projects that are no longer available in the market, and this is certainly a lesson that we must always monitor assets every day.

Those project have been designed to be scam projects. I thought that if the project has been running by honest developers and im sure that if project will still alive no matter what happened with market. There are so many projects that are continue developing their platforms. Im still watching low cap projects that are still actively developing during the bearish market. I think that your statement was not true.

[TWW]

When the market is bearish then this becomes a big test for projects, many projects are impatient so that they slowly become scams, and this usually happens to large projects that are no longer available in the market, and this is certainly a lesson that we must always monitor assets every day.

Those project have been designed to be scam projects. I thought that if the project has been running by honest developers and im sure that if project will still alive no matter what happened with market. There are so many projects that are continue developing their platforms. Im still watching low cap projects that are still actively developing during the bearish market. I think that your statement was not true.

That's right, projects like that are already planning to scam. although they are already on the market, the development they are doing is not serious.
the reason is bad market conditions. which means that the developer does not have enough funds and creativity to keep the project afloat.

this is reminiscent of the popularity of ICO projects, even though market conditions affected sales and project development. but we can see the seriousness of the developer when in a tough market situation.

[irhact]

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 project been Popular doesn't mean a project is scam free, scammers can go extra miles just to make their projects look legit. Scam doesn't only mean when a project vanish after raising money through ICO. Some projects develop and launch then forget about the project and it dies down slowly, that too can be called a scam while others their smartcontract get exploited and huge some of money are stolen that destroy the project. When the project developers abandon such project it can also be said to be a scam.
We have had Ponzi scheme scam in the industry that was very popular and many lost money. Most of the popular stalking projects with tokens can also become a scam as scam doesn't have any boundaries. It can be found both in popular project and those yet to be known although majority are in the less popular ones as they can easily scam without getting the media attention.

[TastyChillySauce00]

They could turn out to be a scam. I think being popular is not enough to make our assets safe, we better research in depth about which crypto coins are really good for the long term so that our assets are safe. I'm sure no crypto coin is one hundred percent safe, the problem is that hackers are getting more and more powerful nowadays, so be careful about storing any assets.

True. Luna was also a very popular coin among the big investors but it can make all of investors loosing their money in only two days. That proves that how popular the coin will not give any guarantee if that will become a safe asset. Even bitcoin is not a safe coin too. I think that people were not taking this as their main concern and they keep thinking popular token was a safe place to store their money or used it as store of value.

[samuraijin]

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

Everyone cannot guarantee this risk, and no one will know that they have plans other than establishing a project, we know crypto must have a strong mentality because risk can happen at any time, to ourselves, if you invest in popular projects at least  just take the moment, don't have to wait long, at least you have benefited from your investment, if you have made a profit then leave the project, because popular projects can change from their goals at any time, because we know this is not the right time to invest even though there are many  popular projects out there, it doesn't mean we invest in random projects, because we also have to know the project, their purpose in developing the project, if we are not careful, then it will harm you in the future, if you intend to invest,  no need to spend too much of your funds to invest, so  at least you can expand your funds in all projects that have popularity that you think are good to invest in, it doesn't need to be long, you only invest short term..

[Silberman]

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 it's only driven by hype then there is a high chance for it to become a scam. You should not only base on the projects' popularity when you want to invest on it. You should also check its background like who the developers are or checking its roadmap or utility to see if it has a potential.

Just look at shitcoins now, they were very popular last year even if many of them have no real utilities. Many people bought them because it was hyped on the social media. Now their value is worthless and its developers already abandoned their project.

I agree with you that you need to carefully check who the developer of the coin is, read the roadmap and so on. But there is one good example which proves that any project can turn out to be a scam. It's a recent story with Terra Luna, when it dropped almost to zero. So if you choose altcoins, only time-tested ones. It is better not to be guided by popularity.

It is because of this many forum members do not recommend to invest long term in altcoins, even the ones which seem to be really good, as we do not know when a collapse like this can happen, and while I think there are altcoins which are worth our time at the same time I still think people should always be ready to dump their altcoins if a big enough news comes which puts their holdings at risk, and as you mention luna is the perfect example of this scenario in action.

[bittick]

I'm not sure and can't guarantee it's a hundred percent safe. Do you remember LUNA a few months ago?. they were even that famous but they became the project that collapsed first. Projects that we know are worth investing in, great potential and have great popularity like LUNA alone don't guarantee it will keep our money safe, always use research and target when you get out of there.

there is reason why it's very recommended that if you invested in something you should always gets updated with the news involving the project you are invested in, it's because case like luna, if you have invested in luna and know that luna is gonna collapse, you could save your investments ahead everyone else, it's same with the other coin, still doesn't change the fact that famous coin with higher market capitalization have lesser chance of collapsing than the other.

[Silberman]

I'm not sure and can't guarantee it's a hundred percent safe. Do you remember LUNA a few months ago?. they were even that famous but they became the project that collapsed first. Projects that we know are worth investing in, great potential and have great popularity like LUNA alone don't guarantee it will keep our money safe, always use research and target when you get out of there.

there is reason why it's very recommended that if you invested in something you should always gets updated with the news involving the project you are invested in, it's because case like luna, if you have invested in luna and know that luna is gonna collapse, you could save your investments ahead everyone else, it's same with the other coin, still doesn't change the fact that famous coin with higher market capitalization have lesser chance of collapsing than the other.

This is quite important, I remember back in 2017 when the bull run was very strong and all kind of coins were going up in value there were many people which invested in some new projects and then they simply did not put any attention to them anymore, and then when they returned months or even a year after their initial investment they were surprised to find out the project had already collapsed and blamed everyone for their failure, when it should be obvious they were the ones at fault for not putting any attention to the project in which they invested.

[coinerer]

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

Popular project or non popular project both investment is risky. When investing in cryptocurrency, no one can guarantee you that your money will be safe there.  Because investing in cryptocurrency is always risky, you must accept it. And even if you invest your money in the most popular Bitcoin, your money will still be at a risk.

[irhact]

I'm not sure and can't guarantee it's a hundred percent safe. Do you remember LUNA a few months ago?. they were even that famous but they became the project that collapsed first. Projects that we know are worth investing in, great potential and have great popularity like LUNA alone don't guarantee it will keep our money safe, always use research and target when you get out of there.

Understanding the project you're investing in and how they operate is higher underated because it seems anything you invest in, in the bull market gives you profit. Many people didn't understand how Luna is been operated. Those that did immediately withdraw their money when the first sign of collapse was noticed by the community and people got alerted. Was was design that fail and it did fail.
UST was the downfall of Luna as in trying to save UST from dieing both coins died. The algorithm of more Luna been printed to stabilize UST was wrong. Always understand what you're investing in so you don't cry at the end of the day.

[erep]

It's very difficult to see which projects are real, which ones end up being fraudulent. What you said could indeed be one of the indicators that we should include when we look at and analyze a new project. Usually from several successful projects it can be seen from how big their community is. I agree with you that it does not guarantee that the project is actually real, but at least it can minimize our risk when we will enter a new project.

Many new projects have a large community but it doesn't guarantee that the community is real and not a bot, so we have to analyze many other important indicators to assess new projects because investing in new projects is very risky and not recommended, I think it is very difficult to rate projects other than top coins because of the risk anything has the potential to happen like the Luna Coin case, so investing in top coins is highly recommended to avoid the risk of a scam project.

[coinerer]

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

Popular project or non popular project both investment is risky. When investing in cryptocurrency, no one can guarantee you that your money will be safe there.  Because investing in cryptocurrency is always risky, you must accept it. And even if you invest your money in the most popular Bitcoin, your money will still be at a risk.

famous project, or not, it does not guarantee that your investment is safe, because basically investment is something that is risky, whether small or big. for example, Terra Luna is a well-known and popular project, but many say that currently the project is a scam because the price has really fallen. as well as projects that are not popular. however, prepare yourself with all the risks that could happen. This kind of investment can make you rich, or it can actually reduce the value of your investment or even run out.

Yup all of investment in crypto-currency is risky. Luna's words are on my mind.  And it still hurts many to think about it.  Millions of people have lost everything here.  So definitely think twice before investing somewhere.  And no one should invest entire money in cryptocurrency. Everyone should invest 5-6% of their assets in crypto.  and do Physical business  with the rest or something else

[JahriMeayer]

If so, then you are verily safe from scam. Although there are also an example of scamming popular top popular altcoins like bitconnect, luna but those are rare incidents in the compromission of total popular altcoins. But popular coins could lost their popularity and turn into shit if they fail to develop themself according to time. So your portfolio balance may decrease even if you choice popular altcoins but at least you are about safe from being scam of your whole money

[TheUltraElite]

Popular project or non popular project both investment is risky. When investing in cryptocurrency, no one can guarantee you that your money will be safe there.  Because investing in cryptocurrency is always risky, you must accept it. And even if you invest your money in the most popular Bitcoin, your money will still be at a risk.

The risk with buying bitcoin at a low price is much lower than buying bitcoin at high price or buying altcoins.

Most "projects" are recycled ideas for altcoins and they are based around hype which is going to crash in a few days after launch or never launch at all. These are a type of gambling and are never recommended to a trader who plays it safe. There comes the risk vs reward thing, which is marking such projects with a high risk and high reward label and bitcoin at low price as a low risk low reward label.

One can buy bitcoin at different price levels and sell at a profit to get maximum gains but investing in such altcoins rarely ends up giving profits to its investors rather only to its owners who dump and run away.

[bittick]

I'm not sure and can't guarantee it's a hundred percent safe. Do you remember LUNA a few months ago?. they were even that famous but they became the project that collapsed first. Projects that we know are worth investing in, great potential and have great popularity like LUNA alone don't guarantee it will keep our money safe, always use research and target when you get out of there.

there is reason why it's very recommended that if you invested in something you should always gets updated with the news involving the project you are invested in, it's because case like luna, if you have invested in luna and know that luna is gonna collapse, you could save your investments ahead everyone else, it's same with the other coin, still doesn't change the fact that famous coin with higher market capitalization have lesser chance of collapsing than the other.

This is quite important, I remember back in 2017 when the bull run was very strong and all kind of coins were going up in value there were many people which invested in some new projects and then they simply did not put any attention to them anymore, and then when they returned months or even a year after their initial investment they were surprised to find out the project had already collapsed and blamed everyone for their failure, when it should be obvious they were the ones at fault for not putting any attention to the project in which they invested.

That happened last year. in 2021 everything was going to the moon. 4 year cycle was real in the crypto. Even so many non popular projects have been making bunch of money for investors. The bullish trend was pumping everything in the market.
It doesn't matter whether that was a popular or non popular project. The bullish trend will always be pumping all of coins in the market.

[Luffygroove]

Ah, well, I wouldn't call it a promise. Bitcoin and Ethereum are good long-term investments. They are, in my opinion, the most secure and risk-free cryptocurrency investment available right now. But if you can manage your profits well, which means you know when to purchase and sell, I believe it's excellent to work on any popular projects. It's impossible to predict the ultimate success or failure of any endeavor, no matter how promising it may seem at the outset. Listen to Luna. So, all we have to do is maintain a state of constant vigilance while traversing the crypto space. Certainly not a stroll in the park.