Are ICOs scam? - page 10. | Bitcointalksearch.org

MiBambino

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Quote from: starboyshuvo on October 08, 2017, 03:16:47 PM

Quote from: R2-D2R2 on October 08, 2017, 03:15:45 PM

Quote from: starboyshuvo on October 08, 2017, 03:10:01 PM

yes it is. i have invested alot of ico and everytime when it launch the price is below ico price. every uckingg time.

Time to stop now then. You loosing money . Best you invest in established coins instead of falling for the fraudsters.

true. i no longer plan to invest in any ico again.

Invest only for the long term, it's unwise to invest hoping for quick profits, if you invest in an ICO you truly believe in, you should look at the lower price as a chance to buy in more

babsjoe

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ICO are not suppose to be scam! If an ICO turn out to be scam, that means the issuer is a fraud and he should be prosecuted! ICO are campaign by new start up looking for funding l. The traditional funding system might not want to take a risk with new start up but angel investor will! That is why we have many of those lookng for funding rushing to bitcoin market where people's identity are not know until you dig it out!

bitdos

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What's the difference between ICO and seeds investment in standard startup? You have a paper, a team a.d a roadmap to evaluate it....

Quote from: elewton on October 13, 2017, 09:48:03 PM

I think that 90% ICOs have problems. There are many ideas use to ICO, but most of devs can't execute what they say. Here the link you can read to protect yourself before investment:
https://bitcointalksearch.org/topic/3-kinds-of-icos-protect-yourself-2243157

elewton

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I think that 90% ICOs have problems. There are many ideas use to ICO, but most of devs can't execute what they say. Here the link you can read to protect yourself before investment:
https://bitcointalksearch.org/topic/3-kinds-of-icos-protect-yourself-2243157

gtinvest

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Quote from: mk4 on September 19, 2017, 02:23:53 AM

Some are, some aren't. You just have to pick the few good ones. We're talking about investing here; so make sure to do a lot of research before sending up your bitcoin or ethereum to the ICO's address. I won't list the things what you need to find in an ICO to minimize the risks of being scammed because I've posted it in these boards a numerous times already. Read through past similar threads to find decent answers.

https://bitcointalksearch.org/topic/how-to-know-legit-altcoin-that-offer-legit-ico-1478633
https://bitcointalksearch.org/topic/most-important-criterias-of-choosing-to-invest-in-ico-1717726

Quote from: VenessaShillerqzx on September 19, 2017, 01:57:30 AM

I have the same question. But if they wew scams then so many ICOs would be out in the market. Would like to hear from senior members.

There are actually so much ICOs right now. And the number are still increasing.

Thank you bru for sharing the posted. Now i know what i need to minimize the risk of being scam.
I'll ask later then after i read it Wink

8rch7

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Quote from: Latrix on October 08, 2017, 08:47:57 AM

Quote from: Onimushi on September 19, 2017, 01:52:47 AM

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

You need to be diligent enough to check on the ICO and the team. you can't just base on the collected sales to justify if they are real or scam. So do your homework to protect yourself.

Yeah, check the whitepaper, adjust between the planning (road map) in the whitepaper with the progress of progress that has been passed if it is appropriate. If not appropriate, check to the developer team why the planning is not appropriate. If there is a response with a reasonable reason, yes chances are not yet scam.
Just a personal opinion

MiBambino

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Quote from: Omega Weapon on October 11, 2017, 10:11:00 PM

Quote from: Gaff on October 07, 2017, 10:39:55 AM

Quote from: icodaily on October 07, 2017, 10:12:44 AM

Well, from my point of view, a great deal of ICOs are questionable. I'm not saying that they are a scam, but they look shady nonetheless.
It's relatively easy to distinguish a SCAM ICO from the rest if you have a trained eye and some experience. Shady team, lack of information in the whitepaper, even the website itself can tell you to stay away from that ICO.

On the other hand, a great deal of ICOs performs rather poorly. Only a few of them manage to raise sufficient funds or even reach 100% of their intended goal. Maybe it boils down to marketing, and which ICO sparked the most hype.

I even made a super simple infographic after looking at this week's data, take a look:

From this chart, only 1 managed to raise most of its funds.
5 of them performed really poorly
and 6 of them didn't even bother to provide information on how much they've raised, so they might be scam, perhaps.

How could be a trained eye shows? Anyway,I'm not particular with ICO but I know that this isn't a scam because if you try to look on things,several people are into ICO. This means ICO has a beneficial effect towards investors or other entrepreneurs using this altcoin in cryptocurrency. We are already aware of scammers but it's difficult still to pint out which one/ones. Consequently,ICO is not a scam but try to contribute an evidence if you have experienced a scammer of ICO.

He explained that in his post, a shady ico is easy to distinguish, if it has devs no one has heard about or even worst if the images are fake and the devs are not even real, if the website looks unprofessional then that is very telling if they cannot create a website how are they going to create a good product, check the ANN thread as well many other members of the forum will check it and will be able to tell if the coin has merits or if it is just a copy of another project that already exists.

this picture should go viral in the cryptoworld

Omega Weapon

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Quote from: Gaff on October 07, 2017, 10:39:55 AM

Quote from: icodaily on October 07, 2017, 10:12:44 AM

Well, from my point of view, a great deal of ICOs are questionable. I'm not saying that they are a scam, but they look shady nonetheless.
It's relatively easy to distinguish a SCAM ICO from the rest if you have a trained eye and some experience. Shady team, lack of information in the whitepaper, even the website itself can tell you to stay away from that ICO.

On the other hand, a great deal of ICOs performs rather poorly. Only a few of them manage to raise sufficient funds or even reach 100% of their intended goal. Maybe it boils down to marketing, and which ICO sparked the most hype.

I even made a super simple infographic after looking at this week's data, take a look:

From this chart, only 1 managed to raise most of its funds.
5 of them performed really poorly
and 6 of them didn't even bother to provide information on how much they've raised, so they might be scam, perhaps.

How could be a trained eye shows? Anyway,I'm not particular with ICO but I know that this isn't a scam because if you try to look on things,several people are into ICO. This means ICO has a beneficial effect towards investors or other entrepreneurs using this altcoin in cryptocurrency. We are already aware of scammers but it's difficult still to pint out which one/ones. Consequently,ICO is not a scam but try to contribute an evidence if you have experienced a scammer of ICO.

He explained that in his post, a shady ico is easy to distinguish, if it has devs no one has heard about or even worst if the images are fake and the devs are not even real, if the website looks unprofessional then that is very telling if they cannot create a website how are they going to create a good product, check the ANN thread as well many other members of the forum will check it and will be able to tell if the coin has merits or if it is just a copy of another project that already exists.

Ging

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i think that depends on the quality of the developers and their experience in the feild of cryptocurrencies aswell as the quality of the ico idea.

MiBambino

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Quote from: R2-D2R2 on October 08, 2017, 03:16:55 PM

Quote from: MiBambino on October 08, 2017, 02:32:49 PM

Quote from: R2-D2R2 on October 08, 2017, 02:26:55 PM

Quote from: MiBambino on October 08, 2017, 07:45:53 AM

Quote from: R2-D2R2 on October 08, 2017, 12:16:52 AM

Holy shitballs Cheesy

this is exactly what I've been talking about actually, so many of my friends keep sending me websites and stuff for new ICO's yet they don't even bother to check if the team is actually doing anything. The process you describe in that picture would honestly barely take 1 day, and you can literally make half a million dollar in 1 week doing this Most people won't fall into your trap, but some would. It's like sending out an email about being a nigerian prince and wanting to share your millions with them, provided they pay you 10K to cover expenses. if you send it to 100.000 email addresses, I'm sure 50 of them will send you the money, and boom you just made half a million bucks

Indeed. I once wanted to launch an ICO for a coin project with a client of mine, i got hold of a DEV immediately during negotiation he wanted 30% of the ICO that would be gathered.... The problems lies that ICO's are so easy to set up and you will always have suckers putting money into it. Even a retard could set up a coin with an ICO and walk away with free BTC's, it has become breeding ground for fraudsters. Just see how many pop every week hundreds....

Exactly, we're entering a completely new world, which will benefit those who want to take advantage of the less clever

Its a chain of effects , if newbies took the time to read the forums they wouldn't loose their money.

Or just read the wp and google the teammembers and the tech they're gonna use. Took me about 1 hour of research to decide to invest in Change, 1.5 hours to decide to invest in Datum, and about the same for investing in Red Pulse

R2-D2R2

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Quote from: MiBambino on October 08, 2017, 02:32:49 PM

Quote from: R2-D2R2 on October 08, 2017, 02:26:55 PM

Quote from: MiBambino on October 08, 2017, 07:45:53 AM

Quote from: R2-D2R2 on October 08, 2017, 12:16:52 AM

Holy shitballs Cheesy

this is exactly what I've been talking about actually, so many of my friends keep sending me websites and stuff for new ICO's yet they don't even bother to check if the team is actually doing anything. The process you describe in that picture would honestly barely take 1 day, and you can literally make half a million dollar in 1 week doing this Most people won't fall into your trap, but some would. It's like sending out an email about being a nigerian prince and wanting to share your millions with them, provided they pay you 10K to cover expenses. if you send it to 100.000 email addresses, I'm sure 50 of them will send you the money, and boom you just made half a million bucks

Indeed. I once wanted to launch an ICO for a coin project with a client of mine, i got hold of a DEV immediately during negotiation he wanted 30% of the ICO that would be gathered.... The problems lies that ICO's are so easy to set up and you will always have suckers putting money into it. Even a retard could set up a coin with an ICO and walk away with free BTC's, it has become breeding ground for fraudsters. Just see how many pop every week hundreds....

Exactly, we're entering a completely new world, which will benefit those who want to take advantage of the less clever

Its a chain of effects , if newbies took the time to read the forums they wouldn't loose their money.

starboyshuvo

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Quote from: R2-D2R2 on October 08, 2017, 03:15:45 PM

Quote from: starboyshuvo on October 08, 2017, 03:10:01 PM

yes it is. i have invested alot of ico and everytime when it launch the price is below ico price. every uckingg time.

Time to stop now then. You loosing money . Best you invest in established coins instead of falling for the fraudsters.

true. i no longer plan to invest in any ico again.

R2-D2R2

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Activity: 269

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Quote from: starboyshuvo on October 08, 2017, 03:10:01 PM

yes it is. i have invested alot of ico and everytime when it launch the price is below ico price. every uckingg time.

Time to stop now then. You loosing money . Best you invest in established coins instead of falling for the fraudsters.

starboyshuvo

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yes it is. i have invested alot of ico and everytime when it launch the price is below ico price. every uckingg time.

Pixie.Star*

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The over-saturation of low quality ICO's is a huge problem currently. It's even worse now that more newcomers to crypto have been choosing this as a quick way to profit. Scammers are constantly looking for an easy get rich quick scheme and too many are willing to foolishly throw their money around. It all comes down to doing your own research and using your commonsense. It's also never wise to invest what you can't afford to lose.

MiBambino

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Quote from: R2-D2R2 on October 08, 2017, 02:26:55 PM

Quote from: MiBambino on October 08, 2017, 07:45:53 AM

Quote from: R2-D2R2 on October 08, 2017, 12:16:52 AM

Holy shitballs Cheesy

this is exactly what I've been talking about actually, so many of my friends keep sending me websites and stuff for new ICO's yet they don't even bother to check if the team is actually doing anything. The process you describe in that picture would honestly barely take 1 day, and you can literally make half a million dollar in 1 week doing this Most people won't fall into your trap, but some would. It's like sending out an email about being a nigerian prince and wanting to share your millions with them, provided they pay you 10K to cover expenses. if you send it to 100.000 email addresses, I'm sure 50 of them will send you the money, and boom you just made half a million bucks

Indeed. I once wanted to launch an ICO for a coin project with a client of mine, i got hold of a DEV immediately during negotiation he wanted 30% of the ICO that would be gathered.... The problems lies that ICO's are so easy to set up and you will always have suckers putting money into it. Even a retard could set up a coin with an ICO and walk away with free BTC's, it has become breeding ground for fraudsters. Just see how many pop every week hundreds....

Exactly, we're entering a completely new world, which will benefit those who want to take advantage of the less clever

R2-D2R2

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Activity: 269

Merit: 250

Indeed. I once wanted to launch an ICO for a coin project with a client of mine, i got hold of a DEV immediately during negotiation he wanted 30% of the ICO that would be gathered.... The problems lies that ICO's in Cryptos are so easy to set up and you will always have suckers putting money into it. Even a retard could set up a coin with an ICO and walk away with free BTC's, it has become breeding ground for fraudsters this is equivalent to premine coins being sold to noobs. Just see how many pop every week hundreds.... Newbies if you reading this , best you put your money into established coins than some nonsense ICO's that will most likely steal your btc's. As they see do not believe the hype its just a honey pot trap. ICOs are unregulated and do not provide protection to investors in case of fraud or loss so you at a very high risk. Running ICO's frauds is easy and people can do it over and over again without fear from the law.
ICO investment should only be contemplated by experienced investors who are confident in the project raising funds newbies stay away or loose your money simple.

Quote from: MiBambino on October 08, 2017, 07:45:53 AM

Quote from: R2-D2R2 on October 08, 2017, 12:16:52 AM

Holy shitballs Cheesy

this is exactly what I've been talking about actually, so many of my friends keep sending me websites and stuff for new ICO's yet they don't even bother to check if the team is actually doing anything. The process you describe in that picture would honestly barely take 1 day, and you can literally make half a million dollar in 1 week doing this Most people won't fall into your trap, but some would. It's like sending out an email about being a nigerian prince and wanting to share your millions with them, provided they pay you 10K to cover expenses. if you send it to 100.000 email addresses, I'm sure 50 of them will send you the money, and boom you just made half a million bucks

coynedterm

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Quote from: Onimushi on September 19, 2017, 01:52:47 AM

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

In the current time it is a usual assumptions that the ICOs project are scam only but in actual this is not a truth , Because most of the ICOs are more profitable for all investors but only few of them only scam ( example of indocoin that I'd told by my one of the friend , Because site was out of access and not contact available for the coin project ) .
Here the investment if big then chances are big that they will not scam Because they have an Better time with the investment money that they should start Thier project in better way ( even earlier they don't want ) .
So here it seems that your investment in the ICO is better According to investment amount that you told .
But here my strong recommendation is that you should make better research about the ICOs project before Investment and also you can ask about the ICOs legimaty in this forum for better suggestion and recommendations .

fateh1313

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i think we should not say scam for all because we should search personally before investing in each and every but still we there are sum cheaters also which make questions arise on good coins also so search before investing

hormador11

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🌟 COMSA ICO: 10/02/17 🌟

ICOs are not scam. ICO is a new way to raise funds for successful companies, startups, and motivated teams. Traditionally you have to spend millions dollars on IPO, for ICO you need only smart contract.

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