It is too hard pessimistic vison. I believe that 1% of new ICO projects can achieve future success. There is real number of ICO that I hope will be successful and gives us new hopes of crypto world development.
Topic: 80% of ICOs are Scams - page 43. (Read 12249 times)
Yes, it is sad, but we have to admit that there are a lot of scams in the cryptocurrency sphere. But don't give up. It is necessary to take a more responsible approach to the choice of ICO. Study the project, analyze the idea and in any case not to invest all your money.
It's better to spend more time studying so you'll really know what's behind the project and their working product.With research, it is still possible to see the one's that are not scam.
Researching is all that can be done to save ourselves from these scam ICOs. We all know that most ICOs out there are scam just trying really hard to rip off our money but still there are so many people who fall into these traps and send off their money to these scammers, all I can say is that researching about the project thoroughly can save people from falling victims to these scammers.
Because of the deception of 80% of ICOs, every investor should be very careful and do research before making a decision. As a new investor, do not use all your money to invest in the crypto currency and consider different investment tools.
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, a lot of bounty projects are fraud. Previously, this was not the case. But if you analyze projects, you can reduce the risk to a minimum. And as they say "The sleeping fox catches no chickens" you need to work and everything will turn out
Certainly most icos are scam, it's better you just follow the ico whitepaper and buy the after they dump it
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 ...
it is a lot of them indeed, but isn't it ours responsibility to choose more carefully? some schemes they use are truly scandalous but still, you are to watch yourself in the first place 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 ...
Anyone that wants to see an active ICO scam going on, check this thread https://bitcointalk.org/index.php?topic=4691540.60
Sad people try this.
Sad people try this.
80 percent icos are a scam is the scary percentage for growing cryptocurrencies market i don't believe 80 percent is real
My estimation of the ico project that was successful until it was listed on the exchange was only 50% this year. 15% ico has the potential to be a scam and 35% ico fails to reach the target they set.
I agree that the percentage of successful projects is very small. But at the same time, I'm wondering why the teams and their business plans, proven by "professional" investors, do not achieve the intended results from head to toe? Probably because in the pursuit of profit not the criteria are evaluated and the approaches are not applied? Investors themselves generate fraud, etc.
ICO is a rabid market to date. And I also do not like it when projects doomed to failure, at the idea stage, millions of dollars are collected in one month. But I really like that the project is not tied to one omniscient investor, ready to pinch every penny in the pursuit of profit, saving on the development of the project. I really like that when investing in ico it is impossible to calculate expenses and incomes on the calculator. In the future, the ico market will only develop. But the requirements for the projects will be much higher.
ICO is a rabid market to date. And I also do not like it when projects doomed to failure, at the idea stage, millions of dollars are collected in one month. But I really like that the project is not tied to one omniscient investor, ready to pinch every penny in the pursuit of profit, saving on the development of the project. I really like that when investing in ico it is impossible to calculate expenses and incomes on the calculator. In the future, the ico market will only develop. But the requirements for the projects will be much higher.
I agree with you. It is very strange that those projects that were successful and had a strong team are now being stamped on the spot without any positive shifts.
The biggest number of scams in ICO are connected with the simplicity of attraction a bigger number of people at the project and distribution of advertising about a similar way of earnings on the Internet
Yes, many ICOs are scams, but I really don't think that the number percentage is around 80%. I think it may be fifty-fifty. But, if that is true based on the real data, we must be more careful. It is the time to choose the most trusted ICO to participate. I'm sure that there are still many good ICOs with a real product. therefore, it is better to analyze them carefully based on the data and our research of the information on their web, whitepaper, and community.
Technical failure, it happens. I remember he incorrectly considered XRP. We hope that this is to a rapid growth:)))
Scammers use the fact that people are very bad at understanding cryptocurrencies. This happens in all new areas.
This is close to the truth, but I think that the information is very exaggerated. I believe that about 50% of scum projects because I often participate in bounty and invest in ICO. I can say that very few projects disappointed me
A lot of people talk about it, but I don't think we should think so. Most likely, those who say so do not know how to choose the right projects. We don't need to generalize.
But 20% remain is very potential to develop. So, your task is identify which ICO project is good for investment.
Yes you are right. There are really good and promising projects, but such projects are difficult to find.
Therefore, I stopped investing in ICO and participate only in bounty. Perhaps in the future I will again invest in ICO, but not now.
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