Post
Topic
Board Altcoin Discussion
Re: Countless Telegram Mining Apps - Crypto Adoption or Devaluation?
by
bitgolden
on 13/07/2024, 10:12:52 UTC
Time will tell what these new trend of telegram mining apps will bring, whether it'll be increased adoption for cryptocurrency or devaluation of it. But I think that because of the success of NOTCOIN, many people are rushing into cryptocurrency via these mining apps. Most of then don't even know about the many scams that are in the crypto space, they think that all of them will give guaranteed airdrops reward like Notcoin. This misconception will give room for many of these ignorant people to be scammed and they will end up labeling cryptocurrency as scam. The trend has tremendous increased crypto awareness but I doubt that it will last, especially if they don't live up to the Notcoin expectations.
Yep, most of them aren't really into crypto they heard that people earned alot of money because of the NOTcoin app then they are trying every app on telegram that has a similar feature with Notcoin. They don't realize that they are getting milked by these apps with by viewing ads and sponsored adds on the group.

These trend will easily die out when people realize that the hype isn't there anymore.
That is the hardest part that I am having trouble with. A lot of people get in because they think they could make a lot of money and in reality they do not even care about it. I have seen some "phone farm" type of thing video, where there were over hundred phones, maybe a few hundreds of them, all connected and all were grinding hamster kombat for example. That is not going to help the market in any way, that's not a solution and the end result is that we are going to end up with something bad if people keep doing that.

We need to realize that the best way to stop this would be just ignoring it all the way, and trying to find some legit way of making money. If we do not do that, then the result will not be too simple, and we will hurt in the end.