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Topic: Another ICO goes to zero! (Read 125 times)

jr. member
Activity: 420
Merit: 1
June 02, 2018, 07:05:18 AM
#27
This s definitely part of what everyone has been concerned about. it is a clear indication that the team have made heir profit and have abandoned the project. It  means it is a scam project. It is also more of a hype than a project than a working product. It might be quite unfortunate that you may not be able to get back your money from that same project, except you decide to invest into a better project that would give you good profit and cover up for the previous loss of losses.
full member
Activity: 448
Merit: 100
June 02, 2018, 04:28:13 AM
#26
I sympathize with your experience. Now it seems you can't make up for your loss. So far, many of the ICO are deception. Hope you have other investments to balance your losses. Hope you will invest ICO prudently.
jr. member
Activity: 308
Merit: 1
June 02, 2018, 04:16:10 AM
#25
Guys blundered, try on Twitter, well, maybe they can unsubscribe to the telegram, but in my opinion it's useless!
legendary
Activity: 1456
Merit: 1023
June 02, 2018, 04:14:35 AM
#24
Many ICOs will fail, it is common even in traditional investing where 95 percent of startups simply fail. In the beginning and in unregulated market percentage of scams is higher though. You must invest knowing that it is gone money, and inves only what you can lose. A lot of them will fail but on those that succeed people gain huge percentages

Yes, that is correct we should invest only spare money on these high-risk investments. But people borrow money from others to invest on these cryptos and that is the biggest mistake we never should do it. If your investment ends up like this one then you lose your money and also need to pay back borrowed money with interest so hit from two sides.
sr. member
Activity: 714
Merit: 257
June 02, 2018, 04:08:45 AM
#23
Many ICOs will fail, it is common even in traditional investing where 95 percent of startups simply fail. In the beginning and in unregulated market percentage of scams is higher though. You must invest knowing that it is gone money, and inves only what you can lose. A lot of them will fail but on those that succeed people gain huge percentages
newbie
Activity: 30
Merit: 0
June 02, 2018, 04:08:11 AM
#22
It is sad news my friend. but as kotwica666 says "invest only as much as we can lose" is the most important rule in blockchain world. I hope will be able to recover your lose
hero member
Activity: 3080
Merit: 603
June 02, 2018, 04:07:35 AM
#21
Years ago, I participated in ico and invested in a project called tbar. Yesterday, without any warning, I suddenly returned to zero! At present, the website is still in existence and no project personnel can be contacted. Could you please tell me how I can recover my investment? Through what channels?
I don't know what tbar is but there's a reddit post on it a month ago but there's no enough proof.

https://www.reddit.com/r/TBIS/comments/8lsp7e/dont_invest_in_this_project_tbar_is_a_scam/

There's also a video that says it's a scam. Titanium (TBAR) declared SCAM by SEC, Critical EOS bugs found, South Korea ICO Ban
member
Activity: 280
Merit: 10
June 02, 2018, 04:04:29 AM
#20
I would assume that a big portion of your crypto asset is invested on tbar. It is sad to note but it is impossible to recover your investment back. You should have checked it from time to time to be updated. You could have somehow recover some by selling at lower price before hitting zero.
full member
Activity: 322
Merit: 102
June 02, 2018, 04:02:09 AM
#19
Does anyone know if there any chance that SEC returns investments to non-US holders? As stated in their press-release https://www.sec.gov/news/press-release/2018-94 "Stollaire and his companies consented to the entry of a preliminary injunction and the appointment of a permanent receiver over Titanium", that means SEC got all property and assets of Titanium and need to return it in case of project shut down....
legendary
Activity: 2282
Merit: 1035
June 02, 2018, 03:51:32 AM
#18
Years ago, I participated in ico and invested in a project called tbar. Yesterday, without any warning, I suddenly returned to zero! At present, the website is still in existence and no project personnel can be contacted. Could you please tell me how I can recover my investment? Through what channels?


I think you should be a little more careful friend. I'm also an investor on the project TBAR. but I never keep a token ico in large quantities unless I am very confident about the project that will grow.  but the price of TBAR was very high some time ago, why do not you sell it then?

When the price rises, nobody thinks that it can ever fall to zero or turn out to be a scam. This is the risk of speculation and investing.
It is practically impossible to recover money in this case. That's why everyone repeats everywhere to invest only as much as we can lose.
hero member
Activity: 1273
Merit: 507
June 02, 2018, 03:48:47 AM
#17
You're unlucky because you've joined scam ICO they are playing their own token buying many so that the price will pump and catch the interest of the investors. This is a simple yet effective plan that scam ICO/project is using. So beware with this kind of project
R9s
member
Activity: 406
Merit: 10
Fast, Smart, Trustworthy
June 02, 2018, 03:47:53 AM
#16
You can also look at these social networks under their telegrams or Twitter to see if they can contact them. If it really disappears, then you have no way!
full member
Activity: 490
Merit: 108
June 02, 2018, 03:46:37 AM
#15
Years ago, I participated in ico and invested in a project called tbar. Yesterday, without any warning, I suddenly returned to zero! At present, the website is still in existence and no project personnel can be contacted. Could you please tell me how I can recover my investment? Through what channels?


I think you should be a little more careful friend. I'm also an investor on the project TBAR. but I never keep a token ico in large quantities unless I am very confident about the project that will grow.  but the price of TBAR was very high some time ago, why do not you sell it then?

if you ask about recover. I do not think there's anything to do. Scammers definitely makes us lose our money if they do not do that they are not called scammers
sr. member
Activity: 952
Merit: 253
June 02, 2018, 03:45:40 AM
#14
Years ago, I participated in ico and invested in a project called tbar. Yesterday, without any warning, I suddenly returned to zero! At present, the website is still in existence and no project personnel can be contacted. Could you please tell me how I can recover my investment? Through what channels?

There is no way for you to recover your amount. As far as i know all of the tbar asset has seized by SEC that means all of your funds are moving and holding by SEC right now. I see you can try to claim your amount to the SEC by providing any data that proves if you are a  part of tbar investor. All of tbar employes have arrested by SEC.
sr. member
Activity: 798
Merit: 281
June 02, 2018, 03:40:50 AM
#13
It's another sad day for crypto with yet another ICO scam being revealed. Making big claims about these amazing partnerships with huge companies will surely ring alarm bells. Too bad for investors, need to do a lot of research before investing in ICOs these days. Safer option is to find a company that is already trading, it is more likely to be successful
member
Activity: 210
Merit: 29
June 02, 2018, 03:37:43 AM
#12
OMG. I saw this topic and didn't expect it to be an ICO I was into. RIP the price..

Worst thing is one of my mates invested a large chunk of his very small portfolio into this. Luckily I only put in 100 dollars because they never released a whitepaper explaining how packet switching would work on a blockchain.  The tech the claimed to have was close my heart so I still just went in with a small amount despite not being convinced they can technically do it. (kept wondering how things like MPLS and routing protocols would work. How a packet can be switched in a decentralized way )

I never thought Stollaire would be a scammer, I did see him as a pure salesman who over hypes things though;

Goodluck to everyone who got burned hard. Remember we will all get burned in this space sometimes. Just keep at it and become more cautious each time it happens. Any win in an ICO is more than enough to make up for when you get burned.
sr. member
Activity: 381
Merit: 250
June 02, 2018, 03:29:19 AM
#11
Your project is not the first and not the last. Unfortunately, now you can't return your investment. I hope that it was not the only your inestment and others give you some profit.
member
Activity: 462
Merit: 11
June 02, 2018, 03:25:46 AM
#10
I heard about TBAR that shoutdown by SEC , this is the same case with CENTRA. Firstly BAR was hacked and they created new token called TBAR and finally shutdown by SEC. I think all ICO that offer utility token should avoid investor from USA so they does not have problem with SEC.
newbie
Activity: 90
Merit: 0
June 02, 2018, 03:17:36 AM
#9
Unfortunately, you have an illegal program because it has been labeled a fraud by the securities and exchange commission and has been shut down!
member
Activity: 140
Merit: 10
SPOKKZ
June 02, 2018, 03:09:27 AM
#8
Years ago, I participated in ico and invested in a project called tbar. Yesterday, without any warning, I suddenly returned to zero! At present, the website is still in existence and no project personnel can be contacted. Could you please tell me how I can recover my investment? Through what channels?

I also have a little coin TBAR and when I saw how the course falls I was surprised. It seems to me that all of the events that are taking place now show us that this is a scam. We need to forget about this project and move on.
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