Sigh. I seriously don't know what to think anymore about how stupid people are. It's mind boggling how one could not see any threat in these "high paying" and "risk free" investment options. I don't feel sorry for people.
This is pure stupidity and greed that only results in yet more bad publicity, while it's the people that should be blamed here, and not the general crypto market. One can't even blame the lack of regulations.
I'm afraid that we'll be reading about more +$100 million schemes go down this year. It's a domino effect because a lot of these schemes were set up last year, where it's just a matter of months before the next in line goes down.
This is pure stupidity and greed that only results in yet more bad publicity, while it's the people that should be blamed here, and not the general crypto market. One can't even blame the lack of regulations.
I'm afraid that we'll be reading about more +$100 million schemes go down this year. It's a domino effect because a lot of these schemes were set up last year, where it's just a matter of months before the next in line goes down.
This is what happens when people think of cryptocurrency as some kind of revolutionary technology of doubling or creating money out of thin air. Aren't these investors who are savvy enough able to research properly the technology behind these ICO's and mainly the potential risks of investing into it?
Its Honestly just sad seeing most of these scammers get away with millions and billions easily by just making up some bullshit ideas online and exploiting people out of their hard earned money. Hope the law is seriously investigating into these crimes and catch the criminals behind it.
