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Topic: Are ICOs scam? - page 15. (Read 5461 times)

sr. member
Activity: 518
Merit: 278
September 30, 2017, 05:48:13 AM
Like the others said, not all ICOs are scams. However, if you want to avoid getting scammed by the fraudulent ones, then you need to know everything about the ICO you are investing in. To tell you honestly, it's really hard to say if an ICO is a scam or not, except, of course, if you're going to do a full background check of the ICO's nook and crannies, that is, examining the people involved or behind the ICO, checking if they have budget escrow, and finally, it's not a run of mill project or in other words, it's not just a plan but they are really working for the project to happen.
full member
Activity: 238
Merit: 100
September 29, 2017, 11:49:00 PM
Their are alot of scams in the ico's but for me not all the ico's are scam, we just need to be careful in what we are joining ico's, and i believe that if we have research and know our doing we can prevent from being a victim of scam, so we just need to be alert and careful. And also we just need to deeply figure out what is real or fake.
full member
Activity: 220
Merit: 101
Radix-The Decentralized Finance Protocol
September 29, 2017, 10:24:44 PM
Yes there are a lot of scams but there are good ones too, you have to research deeply and figure out which is real and which is fake.



full member
Activity: 434
Merit: 102
September 29, 2017, 10:23:23 PM
The posibility is quite low depending on the reputation of the team, the project behind the ICO and many other factors.
member
Activity: 310
Merit: 10
September 29, 2017, 10:11:47 PM
We can't say icos are scam but most of it seems scam these days. Ico means initial coin offering so every project that related to blockchain technology can make their own ico. That doesn't necessarily mean ico will be a scam. There are a lot of legit icos.
Yes it is true, and the fact that I experienced was a large profit when I invest ICO. I'm so glad because invest when ICO being the easiest way to get a huge profit. For example is when the Pre-ICO Populous World I invest around 10 ETH and if sold now I can get up to 350 ETH.
full member
Activity: 392
Merit: 101
September 29, 2017, 08:12:03 PM
Well SEC charged two ICOs for defrauding the investor today.

https://www.yahoo.com/finance/news/sec-charged-two-initial-coin-003107769.html

I couldn't find any Ann thread of those ICOs so wondering if someone from this community invested in it.
sr. member
Activity: 403
Merit: 250
Pre-sale - March 18
September 29, 2017, 08:05:31 PM
We can't say icos are scam but most of it seems scam these days. Ico means initial coin offering so every project that related to blockchain technology can make their own ico. That doesn't necessarily mean ico will be a scam. There are a lot of legit icos.
full member
Activity: 450
Merit: 122
September 29, 2017, 07:39:09 PM
i like 5-10 milloin hardcap ICO's the big project doesnt't give profit to their participants in the short term but lower the 10 million hardcap ICO's can be 2x 5x 10x easily
hero member
Activity: 2268
Merit: 507
September 27, 2017, 06:04:07 PM
I do not thing that ICOs are scam. So far i never heard that some one has been scammed. But it would be wise to do a bit of research before investing in anything. I think there are some really good ICOs out there, it is only up to you to find what you want and which is best for you. At the end, i guess the only question is will it succeed or not. Chose wisely.

Uncontrolled speculation is the basis of every ICO, they only offer projects that may not have been all-time-tested. The risks are huge but all can be overcome by escrow participation in their sales. This year many ico are responsible, if they do not touch the soft cap then the funds will be refunded back to investors. I never thought about the possibility of scam because I just think of it as a lottery.
There's still scams around, a project that doesn't intend to show the profile of their team often turning out to be a scam. better to avoid this one.
and also, check their whitepaper, If the whitepaper is not just pile of nonsense words, pretty sure that it's worth investment, otherwise, big no.
sr. member
Activity: 493
Merit: 250
September 27, 2017, 05:50:26 PM
Some ICOs really pure scam but some ICOs are legit. You should check their advisor and team member.
legendary
Activity: 1147
Merit: 1007
September 27, 2017, 05:39:34 PM
I do not thing that ICOs are scam. So far i never heard that some one has been scammed. But it would be wise to do a bit of research before investing in anything. I think there are some really good ICOs out there, it is only up to you to find what you want and which is best for you. At the end, i guess the only question is will it succeed or not. Chose wisely.

Uncontrolled speculation is the basis of every ICO, they only offer projects that may not have been all-time-tested. The risks are huge but all can be overcome by escrow participation in their sales. This year many ico are responsible, if they do not touch the soft cap then the funds will be refunded back to investors. I never thought about the possibility of scam because I just think of it as a lottery.
Some ICO's were not totally scam they just failed in reaching even their soft cap, they indeed return the investor investment. Sometimes those potential project that are much interesting failed due to the high requirements on getting their cap ans too many ICO to decide where we can invest.
full member
Activity: 364
Merit: 107
September 27, 2017, 05:15:44 PM
#99
I heard that there are some ICO scam but of course there are a lot of legit ICO. Some of the coins just fail for some reason. The best thing to do is always research who released the coins. Check what are their plans in the future and how will they differ from the other coins in the market.
sr. member
Activity: 1288
Merit: 253
September 27, 2017, 04:14:31 PM
#98
I do not thing that ICOs are scam. So far i never heard that some one has been scammed. But it would be wise to do a bit of research before investing in anything. I think there are some really good ICOs out there, it is only up to you to find what you want and which is best for you. At the end, i guess the only question is will it succeed or not. Chose wisely.

Uncontrolled speculation is the basis of every ICO, they only offer projects that may not have been all-time-tested. The risks are huge but all can be overcome by escrow participation in their sales. This year many ico are responsible, if they do not touch the soft cap then the funds will be refunded back to investors. I never thought about the possibility of scam because I just think of it as a lottery.
sr. member
Activity: 560
Merit: 257
September 27, 2017, 03:12:51 PM
#97
I do not thing that ICOs are scam. So far i never heard that some one has been scammed. But it would be wise to do a bit of research before investing in anything. I think there are some really good ICOs out there, it is only up to you to find what you want and which is best for you. At the end, i guess the only question is will it succeed or not. Chose wisely.
full member
Activity: 161
Merit: 100
ICO Live! betterbetting.org
September 27, 2017, 03:05:23 PM
#96
Unfortunately we are seing more and more scams each day. This is a great economy with so much profit potential so it's normal to see scams. To avoid them you need to be careful while chosing one to invest. Analyze them deeply before making your investment in an ICO.
hero member
Activity: 900
Merit: 500
September 27, 2017, 02:58:14 PM
#95
I can not give you an accurate explanation of the ICO you follow, but sometimes you also have to consider many things before you follow ICO. like what projects they run, how they view and who the team is doing. I think those three things are one of the success factors of ICO. with that you will not get scam anymore.
full member
Activity: 154
Merit: 100
September 27, 2017, 02:54:49 PM
#94
I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.
If I may know, what ICO do you follow?
Usually, the cheat ico is when he disappears when ico has finished.

What does it mean 'they disappear'? How could it be possible?

Maybe they are referring on developers leaving their tokens for good. Take their money then leave the coin. I've been seeing 1 satoshi shitcoin values in YoBit and maybe those are the coins that are dead for good. No devs, no community with investors money stocked in a 1 satoshi coin that they can never recover unless some whales started pumping that shit.
Ok, I see... So to avoid this situation you need to do very deep research on people who are launch this ICO, their product, their industry
newbie
Activity: 31
Merit: 0
September 22, 2017, 11:10:30 AM
#93
I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.
If I may know, what ICO do you follow?
Usually, the cheat ico is when he disappears when ico has finished.

What does it mean 'they disappear'? How could it be possible?

Maybe they are referring on developers leaving their tokens for good. Take their money then leave the coin. I've been seeing 1 satoshi shitcoin values in YoBit and maybe those are the coins that are dead for good. No devs, no community with investors money stocked in a 1 satoshi coin that they can never recover unless some whales started pumping that shit.
full member
Activity: 154
Merit: 100
September 21, 2017, 03:12:10 PM
#92
I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.
If I may know, what ICO do you follow?
Usually, the cheat ico is when he disappears when ico has finished.

What does it mean 'they disappear'? How could it be possible?
sr. member
Activity: 406
Merit: 250
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
September 21, 2017, 11:15:00 AM
#91
I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.
if the sales when ICO reaches the target may be ICO will be successful and will not be scam.
but if ICO is not successful it might be off and scam.
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