80% of ICOs are Scams - page 56. | Bitcointalksearch.org

Bakemat

sr. member

Activity: 779

Merit: 250

Quote from: Revi250cc on March 29, 2018, 03:15:06 AM

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 ...

In my own opinion, those people who thinks that 80% of the ico's in the market are just those people who have been scammed by an ico because they did not check the white paper or the platform.

reisuke24

full member

Activity: 358

Merit: 100

imagine, when all of ico accepted on exchanger, trade by all of us, its possible to accommodate all of coin on exchanger? and they want to accept i dont know that is good coin or not? there must be much coin and not all coin will trade or accept on exchanger. so there are many zonk coin, that is scam or they are not accepted on exchanger

Offece

jr. member

Activity: 126

Merit: 1

From where did you took those stats? i am more than certain in that it isn't always the manner which you are claiming in there. let's be practical, the market isn't always precise in the mean time, and there are increasingly scammy cash in the interim, and that is unhappy

Bella Thorne

full member

Activity: 378

Merit: 100

Quote from: BTCreward on July 19, 2018, 06:44:01 PM

The statistics are sad and in fact now more than 80 percent of the ICO. I hope that this issue will be regulated in some way, because it only worsens the situation of cryptocurrencies.

I do not believe that 80% of ICO are scam maybe there are so many ico that is failing but it is not scam, and i am advicing a lot of people that before to invest in ico they should first make sure that the ico is sure success and the ico they will choose should have a good whitepaper.

Jamescur

newbie

Activity: 98

Merit: 0

Because ico raises money very quickly and without any supervision!
Many scammers pretend to be blockchain experts to ico scam!
Investing ico should be careful to listen to some expert advice, don't invest by feeling!

BTCreward

full member

Activity: 574

Merit: 100

The statistics are sad and in fact now more than 80 percent of the ICO. I hope that this issue will be regulated in some way, because it only worsens the situation of cryptocurrencies.

Fourgh

member

Activity: 196

Merit: 10

People should really need to study and do some reseaech before diving in to those iCO's to avoid heart aches and losses in their investment. Stop thinking about BITCOIN or ICO's as an easy way to be rich, it's not.

celakkenyang

jr. member

Activity: 210

Merit: 2

Yes I feel that way. the number of failed ico and scam this year made investors unsure of the ico project. investors only need ico that has a long term advantage.

Dump3er

hero member

Activity: 1526

Merit: 597

I wish that number was true. I fear it is going to converge more or less towards 100%. Maybe 5% of ICOs can deliver some success. Just think about how many there are and how many will be launched. 20% success rate would be incredible.

Cryptopal2

member

Activity: 364

Merit: 10

yeah that could be true , most of the ICOs are not successful . we have to do a good research if we gonna invest in an ICO

NetCastle

newbie

Activity: 72

Merit: 0

People come up with new ICO just to make money and not think about the future. Too few have remained useful ICO projects that can help our society.

Forward_Thinking

member

Activity: 155

Merit: 15

Quote from: valentine401 on July 19, 2018, 06:10:29 PM

Quote from: Revi250cc on March 29, 2018, 03:15:06 AM

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 ...

In my own opinion, its not true that 80% of the ico's are scam because if that happen's then there will be no more altcoins today that will be going to released in the market so just try to study their platform before investing a huge amount.

Did you read the study before posting? That report says 80% of ICOs never even intended to do what they said they would do. That just means 80% of the ICOs you see advertised are pure junk. That does not mean 80% of altcoins are pure junk.

maxi32

newbie

Activity: 168

Merit: 0

If you're not going to read the article at least read the title correctly. Just from the article title alone we can see you're wrong on in your assumption. If 80% are scams and only 8% made it to the exchange, it is not counting coins that did not make it onto exchanges as scams, otherwise it'd be 92% instead of 80%.

valentine401

full member

Activity: 378

Merit: 100

Quote from: Revi250cc on March 29, 2018, 03:15:06 AM

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 ...

In my own opinion, its not true that 80% of the ico's are scam because if that happen's then there will be no more altcoins today that will be going to released in the market so just try to study their platform before investing a huge amount.

cherepashkis

newbie

Activity: 196

Merit: 0

I agree with you and also believe that recently a lot of scams in the ICO.

rosmerius

member

Activity: 490

Merit: 11

Revolutionizing Crypto Payment Solutions

The ICO that scam, in my opinion, is not that big of its percentage. Most people who get ICO fail because they are not able to run their mission smoothly and on target, they will assume that ICO is a scam. And the truth is they are not a scam. So it makes a large percentage of ICO scam. ICO failing also has a variety of reasons, ranging from team performance, ICO creativity, and also the factor of the development of the price of crypto is not good.

El duderino_

legendary

Activity: 2688

Merit: 13334

BTC + Crossfit, living life.

what are general thoughts on RSK - rootstock ICO ?
is here a place to ask? talk about this ? just have a buy oppertunity ....

ps

member

Activity: 154

Merit: 10

As a person who did invested in a few ICOs before and the one who is doing ICO for my own company - here is my test to find out who is scam and who is not. This test is applicable to ICOs which are about software solutions. Unfortunately 90% of software ICOs fail that test.

asadovski

newbie

Activity: 202

Merit: 0

complete agreement. to make good money on ico, you need to do at least 2 projects per day

rysheeer

newbie

Activity: 196

Merit: 0

Yep, there are a lot of projects that is too good to be true like they got solution to every problem. I only trust ICO's that is being managed by a professional company or platform, because I'm pretty sure they're researching before handling every ICO.

Topic: 80% of ICOs are Scams - page 56. (Read 12240 times)