Post
Topic
Board Altcoin Discussion
Re: Why I think all crypto is scam
by
jcarlo
on 13/12/2019, 06:01:35 UTC
Not all crypto scams, there are some that are legit and successful even though only very few. Maybe you say all crypto scams, because of your experience in participating in all scam projects, and indeed there are many projects that have failed and many of them are scams. It's better to wait for the beginning of next year, hopefully crypto can be back victorious like 2 years ago
most new people who invest in new projects certainly make a bad experience with the many projects that fail and scam. but for people who have been in the crypto market for a long time, of course, understand and know how to choose assets and projects that are truly profitable in the current conditions.
even those people who have been on the market for a long time now also do not know which projects will be successful and which will not. they just learned not to invest in an obvious scam, but then it becomes more difficult to find a good project
Crypto for now maybe covered by new project. I mean hype of ICO and other kind of  that sales trend really make people know if crypto is kind of  investment. And then it will turn to scam or success. But in past when ICO not really hyped, people trade and there are not much project scam or success project, coin is a coin that we can trade and the risk/profit is on our hands how we manage our assets in market.

New projects may be influential, but in my opinion crypto price movements in the market are dominated by old coins or new coins from the IEO from large exchangers. People's bad perception of crypto is indeed because of the many new projects that are scams but in my opinion it should not justify all crypto is a scam because only new projects and also not all ICOs are scams.