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Topic: 80% of ICOs in 2017 Were Scams! (Read 402 times)

member
Activity: 294
Merit: 11
WAWLLET - World’s first multi-asset wallet
August 15, 2018, 05:15:20 PM
#48
it is undeniable that 2017 is a phenomenal year for ico and cryptocurrency, but between some good and potential ico, some of them are ico scams but not up to 80%
From my experience over 70% of ICOs failed by some reason and about 70% of failed ICOs were just a pure scams.
member
Activity: 364
Merit: 10
August 14, 2018, 10:02:37 AM
#47
it is undeniable that 2017 is a phenomenal year for ico and cryptocurrency, but between some good and potential ico, some of them are ico scams but not up to 80%
legendary
Activity: 2450
Merit: 1047
August 14, 2018, 10:01:11 AM
#46
Stunning research about ICO market comes from Cointelegraph:

A recent study prepared by ICO advisory firm Statis Group revealed that more than 80 percent of initial coin offerings (ICOs) conducted in 2017 were identified as scams. The study took into consideration the lifecycle of ICOs run in 2017, from the initial proposal of a sale availability to the most mature phase of trading on a crypto exchange.

Read more at: https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams

So what about year 2018, will it bring us more of scam ICOs or less?

I based it on my experience, yes a lot of ICO are scams, some of them are paused, some didn't pay bounty hunters and most of them failed to enter the market, and if they managed to get in the market, the price is very low compared to when you bought it in their ICO stage and there could be more scam project this year because majority of the investors are so picky.
sr. member
Activity: 1274
Merit: 267
August 14, 2018, 09:57:49 AM
#45
It based on their research, about my research : yeah there are so many scam projects but at same time there are few good projects that get poor attention from people. I think there will be less ICO ini 2019, and investors run away with disappoinment.
full member
Activity: 559
Merit: 102
August 14, 2018, 09:46:18 AM
#44
Certainly there will be fewer ICOs in 2018. Because everyone has experience in identifying which ICO is Scam. So it is very hard for the scam ICO to appear at this time. But with this market ICO good and quality also can not survive
full member
Activity: 364
Merit: 100
August 14, 2018, 09:43:25 AM
#43
Actually it's the actuality, they flight ICO emblematizing particular lone point, cue bread from us, abaft that they cue vaporize.
newbie
Activity: 360
Merit: 0
August 13, 2018, 04:46:58 PM
#42
I think that's true, in 2018 I think the number of phishing projects is not less than 80%, so you need to be vigilant to avoid making yourself a victim of fraud.
BQ
member
Activity: 616
Merit: 53
CoinMetro - the future of exchanges
August 12, 2018, 12:10:38 PM
#41
80% scams in which way, as in like leaving with all the money right away (like a planned scam) or did they just not manage to deliver?

My guess they are talking about planned scams and technically failed ICOs that never refunded their investors.

that sounds logical, well, technically failed ICOs - should/could the money really be redunded? in a sense it was collected to fund a project, if it then fails, it's not really fair to get the oney back as the money was supposedly used in the first place?  Huh
newbie
Activity: 81
Merit: 0
August 12, 2018, 10:22:49 AM
#40
Stunning research about ICO market comes from Cointelegraph:

A recent study prepared by ICO advisory firm Statis Group revealed that more than 80 percent of initial coin offerings (ICOs) conducted in 2017 were identified as scams. The study took into consideration the lifecycle of ICOs run in 2017, from the initial proposal of a sale availability to the most mature phase of trading on a crypto exchange.

Read more at: https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams

So what about year 2018, will it bring us more of scam ICOs or less?
I hope no more scam/low-quality ICOs in this year. Some projects failed, not mean they're scam.
full member
Activity: 406
Merit: 102
August 12, 2018, 10:10:58 AM
#39
and 20% does not perform good at all now. This is clear when you look at the dominance of bitcoin now.
newbie
Activity: 29
Merit: 0
August 12, 2018, 10:10:04 AM
#38
Actually it's the truth, they run ICO for only one purpose, get money from us, after that they get disappear.
member
Activity: 294
Merit: 11
WAWLLET - World’s first multi-asset wallet
August 12, 2018, 10:07:31 AM
#37
80% scams in which way, as in like leaving with all the money right away (like a planned scam) or did they just not manage to deliver?

My guess they are talking about planned scams and technically failed ICOs that never refunded their investors.
BQ
member
Activity: 616
Merit: 53
CoinMetro - the future of exchanges
August 12, 2018, 10:05:18 AM
#36
80% scams in which way, as in like leaving with all the money right away (like a planned scam) or did they just not manage to deliver?
member
Activity: 294
Merit: 11
WAWLLET - World’s first multi-asset wallet
August 12, 2018, 10:02:56 AM
#35
yes, and I'm a victim of lending ICO
after that I learn a lot and I never invest in any ICO, just wait after they listed on the exchange, then I started to invest
I think, better to be a trader than investor

Sorry to hear that mate. Lendings appeared to be a huge problem for the reputation of crypto.
And yes, it sounds like a good idea to purchase tokens after ICO on the current bearish market.
As for trading, from my experience it will take years to become a successful investor or trader.
 
copper member
Activity: 73
Merit: 0
July 26, 2018, 07:35:12 PM
#34
yes, and I'm a victim of lending ICO
after that I learn a lot and I never invest in any ICO, just wait after they listed on the exchange, then I started to invest
I think, better to be a trader than investor
member
Activity: 294
Merit: 11
WAWLLET - World’s first multi-asset wallet
July 26, 2018, 07:28:11 PM
#33
Here is a quite big list of dead coins and scam projects you may find interesting:
https://deadcoins.com/
newbie
Activity: 378
Merit: 0
July 17, 2018, 08:01:30 PM
#32
Stunning research about ICO market comes from Cointelegraph:

A recent study prepared by ICO advisory firm Statis Group revealed that more than 80 percent of initial coin offerings (ICOs) conducted in 2017 were identified as scams. The study took into consideration the lifecycle of ICOs run in 2017, from the initial proposal of a sale availability to the most mature phase of trading on a crypto exchange.

Read more at: https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams

So what about year 2018, will it bring us more of scam ICOs or less?

In my opinion, the article is close to the facts that have occurred. This makes investors more loyal to ICO in 2018, preferring to invest in a more solid crypto and a top 20 in the crypto market cap.
sr. member
Activity: 1148
Merit: 252
July 17, 2018, 07:56:52 PM
#31
and this year there are even more. in General, it became impossible to find a normal project without getting to the scammers.
this year is a scam project to be more. and in my opinion today the factor of it all is because they want to be easy to make a profit
newbie
Activity: 183
Merit: 0
July 17, 2018, 07:52:33 PM
#30
and this year there are even more. in General, it became impossible to find a normal project without getting to the scammers.
newbie
Activity: 83
Merit: 0
July 17, 2018, 06:14:58 PM
#29
Stunning research about ICO market comes from Cointelegraph:

A recent study prepared by ICO advisory firm Statis Group revealed that more than 80 percent of initial coin offerings (ICOs) conducted in 2017 were identified as scams. The study took into consideration the lifecycle of ICOs run in 2017, from the initial proposal of a sale availability to the most mature phase of trading on a crypto exchange.

Read more at: https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams

So what about year 2018, will it bring us more of scam ICOs or less?
I am not surprised with this all, all possibilities can happen, success or scam, but definitely do not get discouraged, do not give up, try choosing a good ICO, because there is still 20% ico no scam, and I suggest you to try chynge https://chynge.net is good ico in my opinion.
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