The Cryptospace is getting Worst

Davion

New member
Imagine a NEW crypto with the Name 'Rope' has a trading volume of over 5 millions usd on uniswap. A visit to the website 'https://rope.lol/" has a BOLD Image of a hanging rope with further inscription 'Do not buy it' followed with a grinding face that looked like someone who got scammed.

In a summary, the webpage is saying. do not buy 'ROPE' you could loose everything and you will regret it. But the reverse is the case. As a matter of fact. this token made 118%
within 24 hours of listing and have a volume of 5 millions usd on Uniswap.
My observation on this. Most people no longer care about the objectives of a project. they just want to Make GAINS.
the days of do your Research is fast diminishing and most market users cared less about what they do with their money that they can invest on a project with BOLD description "this is a scam' as long as there is a return.

i tried to trade the token but after visiting the site, i lost my little sense in trading on uniswap.

BE CAREFUL....
 

Cooper

Member
Had people cared about the objectives of projects, DeFi, ICO, IEO and all other kind of hypes wouldn't have ended up as large pools of scamcoins. Just look how many coins there currently exist with the term "Finance" in their name. These did not exist 2 months ago.

The crypto space has been so filled up with shitcoins that "researching projects to know what to invest in" truly became a big waste of time in >90% of the cases. This is unfortunate, but it's the reality we're looking at. We aren't governed by any authority, so you're free to create whatever you like, be it a scam, a pure experiment or a legit project.
 

Carson

Member
Like their Twitter post, this is a new art of bringing down stupid investors.

I can conclude that whenever you buy Rope, you are too late. You buy it=you kill yourself with Rope.

One thing to remember is that this time is the post-distribution period for the UNI token airdrop. This is a pump of hype that may be deliberately done by those people who made hundreds of thousands of dollars in the airdrop trying their second luck with this token
 

Ian

Member
It's for them to take the risk, as much as we're aware of what are the good and bad projects, we're certain that we are not like that them who just invests to anything.

There's this reverse psychology from these projects, when investors read "do not invest" then it's the other thing that happens, they're more curious and wanting to invest on it
 

Axel

Member
That's not something news in the crypto space and if you are watching the scam defi and even when the defi has already confirmed as exit scam project and there were some people who still said that that defi was not a scam and they were still buying more and more scam coins.

So many people are loosing their mind to buy the scam coins for gains but not for the competitive aspect just like the product or usability of the platform.
Crypto is going so crazy right now.
 

Jeremiah

Member
It been worst ever since because of projects like this. During my stay in this industry, I have witnessed numerous projects that offers nothing and yet gain more trading volume and popularity than those that offers more. I think people behind this project have fund to inject to inflate trade volume to caters interest of investors before dumping their stash. At the end this kind of project is short lived because after sometimes, people behind this scheme dump their holdings indiscrimately until the value of the said cryptocurrency become worthless. So better not to fall for this kind of scheme or else if you are late on the train you will end up bagholding worthless coins/token
 

Ezekiel

Member
Imagine a NEW crypto with the Name 'Rope' has a trading volume of over 5 millions usd on uniswap. A visit to the website 'https://rope.lol/" has a BOLD Image of a hanging rope with further inscription 'Do not buy it' followed with a grinding face that looked like someone who got scammed.

In a summary, the webpage is saying. do not buy 'ROPE' you could loose everything and you will regret it. But the reverse is the case. As a matter of fact. this token made 118%
within 24 hours of listing and have a volume of 5 millions usd on Uniswap.
My observation on this. Most people no longer care about the objectives of a project. they just want to Make GAINS.
the days of do your Research is fast diminishing and most market users cared less about what they do with their money that they can invest on a project with BOLD description "this is a scam' as long as there is a return.

i tried to trade the token but after visiting the site, i lost my little sense in trading on uniswap.

BE CAREFUL....
i think uniswap is just promoting too many crap this days, i get it that it is a dex exchange but still feels like a place for all the cabbage defi projects, lately all you see is funny project names without any clear goals or objectives, well, since investors don't find it awkward to invest in project with funny and ridiculous names then @op you shouldn't worry about it, they are just here temporary
 

Angel

Member
Since they are the main trend in the industry of crypto right now, every move they take is some kinda trend to others which will make them think they can do what they want with their Dex exchange. This is obviously for the investors to take those bite and invest on whatever project they promote even those project that had no sense in them as long as it has some price, investors would buy those coins as long as it was promoted via Uniswap
 

Roman

Member
My observation on this. Most people no longer care about the objectives of a project. they just want to Make GAINS.
the days of do your Research is fast diminishing and most market users cared less about what they do with their money that they can invest on a project with BOLD description "this is a scam' as long as there is a return.

i tried to trade the token but after visiting the site, i lost my little sense in trading on uniswap.

BE CAREFUL....
If people wants to make gains then let them be as long as they know how not to get scam, the most important thing here is not to get scam so many projects here are scam traders are already aware of it but they still prefer to go for it, so if they are scammed it's because they choose to be
 

Connor

Member
That is plain stupid so now the time has come where the scammer is being honest and telling not to invest in the ponzi because you can lose. This is kind of reverse marketing and letting greedy people to invest and make quick gains. I do not know how people can still invest in such projects where they know that majority of the people will lose.
Ponzis should be discouraged at all levels and reading this story also tells us that we are in a kind of bull season where people have extra cash to waste because no sane money can be wasted in such an open scam
 

Miles

Member
It is definitely going to happen when people will blindly chase each new project without even realizing the nature of the project and investment. Actually this is the real fomo where people feel that if they do not invest they can miss out on huge gains.
I just hope that people in this space will be more mature and responsible especially when it is their own money at stake
 

Robert

Member
Whenever something new strikes the market, there'll be good as well as bad out of it. Just think of the ICO, IEO, and all other new forms of reaching the investors. Initially it gains more and more attention, by the time more Scams and other negative things too happen in the market. Even the top listed exchanges got to be a trap creator for few such projects.

For this we cannot state the entire cryptospace to be getting worse. Same as the negative things happening around, there's also more positive things happening in terms of adoption and acceptance as a legal tender on some countries. Maybe these issues serve as a base to rectify the worst things with cryptospace
 

Jameson

Member
For now, cryptocurrency ecosystem is 90% about a quick easy money.
This is why we have so many scams, because there is no quick easy money in this world.

Very few people care about bitcoin, cypher punk, freedom, etc. And in the end, that very few people are the ones who actually make money
 
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