Topic: 80% of ICOs are Scams - page 106. (Read 12218 times)
You have wrong about your opinion when you talk about 80% ico’s was scam, you have check the other ico before where have success and good price when their ico’s sell in the market exchange. Now we have see how much price of Minexcoin ico where in the ico only price about $2 and now have reached about $30. How much your profit have you take from minecxoin ico’s. But we have found some ico’s have scam and low price when their coin sell in the market.
I knew that there are a lot of scam but the percentage is really terrifying. I really carefully check the project before investing. My advice is to invest in projects with ready-made product, long termed activity before ICO and good team. but of course one has to read White Paper , chat with community and so on
i disagree with your statement because based on the study of some crypto analyst, they found out that 90% out of all 100% ICOs are scam!
I think so. There are many good ico I have ever participated in and they have real products, many ico have very long roapmap. 3 even 4 years. they still work silently. However, our investors only think of profits, not as an investment
Currently there are many ico that failed because their sales results did not reach the target. There maybe some reasons but if the token sales reaches hardcap it will make ico project potentially become a successful ico. In my opinion only 50% if for 80% it is too much.
Although ICO is a scam, there are still many people who will invest in ICO, because it is a way for them to make money, so I think it is just a big gamble. I do not recommend participating in ICO.
i disagree with your statement because based on the study of some crypto analyst, they found out that 90% out of all 100% ICOs are scam!
Yes there are plenty of scam projects and they are making troubles for good ideas.
I want to know, what project I have ever followed and ended up with less good news that is ico scam? Not 80% of ICO are scams. Maybe 20-30% are scams. There are spotting spots to find out that ICO is not a scam. In my research there are a lot of ICOs that are not scams. Others are mistaken for scams due to unsold big amount of token, but not scams.
I think we should always trust our own guts because this will be the only thing that can help us through this. If we feel that it's too good to be true and devs aren't confident enough to answer every investors question. Personally, if I felt and see something shady then I'll stay away from it as early as I can. And so far all I icos that I felt that way are totally a scam one.
Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272
I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share
Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”
"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”
DYOR people ...
I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share
Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”
"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”
DYOR people ...
I agree very much to what you are saying. If you want to start anything new be it investing or doing your bounties to ensure your time is spend wisely you should do your own research befor engaging in it to lower the risk of being scam. If you does not do your own research you can only blame yourself if you are being scam along the way nowadays there are a lot of methods to check either using our famous search engine (google) or having a discussion here with members.
I think so. We can be cheaten by others if we are not careful enough. We need to make enough research while we do the the investment. The more careful we are, the better we will be. Just do the right thing.
I do not think that everything is so bad because in this case I think that the ICO did not justify itself and people would stop investing.
If there are more projects like this, you need to worry about investing in them unless the team has a proven record. The high level of failed projects is an alarming factor to be cautious when you invest in luxury projects because most of the time it will fold in a few years and those teams behind it will move on with the millions they collect through initial funds
Not 80% of ICO are scams. Maybe 20-30% are scams. There are spotting spots to find out that ICO is not a scam. In my research there are a lot of ICOs that are not scams. Others are mistaken for scams due to unsold big amount of token, but not scams.
there are a lot of scams, that's true.
but 80% seems like a lot of overkill to me.
I think that there are especially many bad projects, badly prepared, and launched by incompetent teams.
that's why when you want to invest in a project, it's very important to be well informed and not just follow a buzz or a popular project.
but 80% seems like a lot of overkill to me.
I think that there are especially many bad projects, badly prepared, and launched by incompetent teams.
that's why when you want to invest in a project, it's very important to be well informed and not just follow a buzz or a popular project.
Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272
I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share
Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”
"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”
DYOR people ...
I agree with you there are so many ICO scams in the moment. But I think only about 50% have the fraudulent ICO. There are many reputable ICOs and they want to develop their projectsI've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share
Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”
"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”
DYOR people ...
The number of 80% looks simply huge, but it can be true. Lately, there has been too much scam. Just choosing a good project has become much more difficult, it took more time. 
I think it's a much smaller percentage because I've seen a bunch of great projects with great prospects for the future and definitely not fraudulent.
completely agree with the previous post that it is better to invest in the ICO money that we can lose. Free money. Investing in ICO is a big risk, as well as venture investments, you invest in an idea that may not be realized. To minimize risks, I advise you to study ICO very well and to study the assessment of several experts on these ICO.
I doubt that.I think that the percentage of fraud in this area is much less than 80 and not have so negative tune
Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272
I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share
Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”
"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”
DYOR people ...
I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share
Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”
"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”
DYOR people ...
I cannot say ico are scam, because from the start they are zero and the team work for it and if I will be a success then it's up to them to continue or not. But yes, there are some ico that is using a good platform to lure investors to invest in their project and then scam the raised money for their own benefit. That's why from the first time we enter cryptocurrency we are warned that investing here takes a big risk,yet we take this risk in hope to grab a bigger profit. So don't complain and invest only the amount you can afford to lose to minimize the loss in case we joined on a scam ico.
Unfortunately, it was inevitable that many ICOs would simply steal the investors' money. A lot of this pointed out, and lack of control over the ICO and the red market ...
But now it is not so easy to arrange ICO, introduced regulations and so on, so the number of scammers will decrease several times
But now it is not so easy to arrange ICO, introduced regulations and so on, so the number of scammers will decrease several times
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