Yes, so the cryptocurrency flew to the moon at the end of 2017. But the bubble of 2018 was shattered. I don't want to see so many scams.
The market of cryptocurrencies is moving an incredible amount of money and it's obvious that this is going to attract all kind of people, from people that want to improve their economic situation, to those that that dream big and want to create a great project but also it's going to attract a lot of scammers and we are seeing that they are way more common than we thought. 
Topic: 80% of ICOs from 2017 were scams. (Read 1131 times)
Yeah. In 2017 and early 2018 there is lot of ICO and most of them reach softcap even hardcap also. If the ICO don't have that much good idea or project behind it. Cause at that time ICO is a big hype. Everyone talking about ICOs cause some of them already give a lots of profit. But not all of them want to have a good project some of them want just money. So many of them dealt their product or they don't have a good product. So yeah many of them failed.
P.S. - if you take top 100 token which came from ICO 40% of them don't have a stable product
That's true. Lots of projects did not collect even the soft cap a lot which extended ICO ICO because it is not gathered the soft cap And it lasted from the end of 2017 almost the entire 2018. A lot of projects that were stupid for money laundering! P.S. - if you take top 100 token which came from ICO 40% of them don't have a stable product
Yes, so the cryptocurrency flew to the moon at the end of 2017. But the bubble of 2018 was shattered. I don't want to see so many scams.
I know that there are guys who detect fraudulent projects, but still they can not predict everything and also takes time to analyze the project, and during this time some people have already managed to invest in ICO.
I think ico in 2017 has succeeded in sales and in the market rather than ico in 2018, this based on my experience when joining bounty on every ico project on 2017. i know not everyone has same opinion like me. And the projects that I followed in 2017 are still active and their coin still have value in the market. Ok, 80% scam is maybe true and maybe this 20% is the project what i followed LOL~~
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
This is a good indicatorHere is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Because scammers only come in places where they have money
I think it is with the development of the market
We'll find some way to reduce these large numbers.
This is because most of the ICO can't apply what they write in their whitepaper in real life. Its just a fiction most of them do. They tend to find theoretical solutions to problems but can't execute it. So few months after ICO, the project dies naturally.
I can't even argue with this statistics, seeing the number of failed projects that we have roaming the streets. It is really sad, and it would even be worse for this year. Over eighty percent of the Icos that we have now are scams, and this is why people are always advised to be careful when choosing to invest in an ICO.
This is to me the most obvious reason of why so much people are now are avoiding icos and instead are getting their money out of this market or are investing only in the best coins like bitcoin or ethereum, it's obvious the market is going to suffer because we need more innovation coming but the market is so full of scammers that I really think that we need this period in which people avoid icos and do not invest in them.
I can't even argue with this statistics, seeing the number of failed projects that we have roaming the streets. It is really sad, and it would even be worse for this year. Over eighty percent of the Icos that we have now are scams, and this is why people are always advised to be careful when choosing to invest in an ICO.
At present, scam ICOs still account for over 70%. The main reason is that the market is down in exchange rates, so the potential ICOs are less, and the ICO is constantly delaying the release of the Token, so at this time I think you should continue. Investment participants or ICO bounty but should choose ICOs carefully avoiding scams.
Well, maybe ICO numbers are higher than you expected, so I think the ICO market if you want to invest in should be very careful. Maybe they are a double-edged sword killing you anytime
Imagine, that was 2017, when ICO projects weren't that much of a big thing, now on 2018 the amount of scams would definitely increase considerably.
Maybe even more so. Last year every 5 bountys I attended 3 were cheats. I usually study campaigns well before entering them and even then the number of scams I've fallen into was high.
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
....and so we call it taking the risk. Better take the risk and have the chance to actually be victorious than doing nothing at all and having zero opportunity of becoming successful. This is the mindset of the most successful people on the planet. They are risk takers! They do not think of what can be lost, but what can be gained. And so the same mindset should be in all crypto enthusiasts! Zero % on the negativities and a million % on the positivities! This mindset will surely take us far. Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
A year before that investing in ICO was easy and profitable, but now the scammers have found the ICO industry as a good field to scam people, now it's so hard to check if the project is indeed legit, there are a legit project but failed to generate funding and support in the market.
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Yes you are right, that much of them were scams and now i am afraid that even a higher percentage than that are scams out of the coins that are coming out this year. There are really not good projects any more and with so much scams around it is no surprise to see that people are no longer interested in investing in these coins anymore.
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Yes you are right, that much of them were scams and now i am afraid that even a higher percentage than that are scams out of the coins that are coming out this year. There are really not good projects any more and with so much scams around it is no surprise to see that people are no longer interested in investing in these coins anymore.
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I would be a little bit skeptic about the actual numbers. Nonetheless, the number is high and one must really be cautious when coming into contact with new ICOs because it can be very frustrating down the line.
scam projects block the spread of block-chain technology and hurt people's trust. it must have a standard. investors must be assured.
This scam ICO is everywhere and I come across this scam related post almost everyday on the forum, I have actually thought at a time that scam ICO is one of the factors drowning crypto, so many have got ripped off their funds, majority of the ICOs are just to raise fund and disappear into the thin air.... To identify good ICO from fake ICOs is becoming hard because after researching and analysing, checking ICO rating websites some still turn out to be scam, it's looking like luck is needed to find some genuine ICO
You need a huge amount of skill in order to find a good ico but it takes such a huge amount of time and effort that many people are simply giving up, I have not given up yet but at the same time I'm thinking about it since I lost money recently in an ico and I do not want to go through that again that is why I invest mostly in bitcoin and in ethereum. Jump to: