Are ICOs scam? - page 17. | Bitcointalksearch.org

Similificator

sr. member

Activity: 882

Merit: 403

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 know what bro, you shouldn't say something like ICOs are scam. Because obviously, since ICOs are made by human beings, some of ICOs are also good while others are bad. Just like us humans. So it wouldn't be fair to call every ICO a scam. Just as it wouldn't be fair for women to say all men are cheaters.

And regarding the possibility of your invested coin being a scam would only be clarified by yourself. Do your own research about the coin for goodness sake! Did you even bother to read the white oaper and checked the backgrounds of the developers before you invested? That is a major mistake in investing bro. Better change your ways if you don't wanna end up losing a lot on your investments.

Koadharber

hero member

Activity: 1065

Merit: 510

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.

most of them are scams but there are ICO which are legit projects and what the hell that you do have doubts if that coin collected 5-10m usd. It would be successful for sure some ICO do only have $1m softcap and the hard cap varies on each project. For now checking on electronium i do see that you do hit the right spot.

|Admiral|

sr. member

Activity: 448

Merit: 258

ICOs with copy concept, fake teams , and hiring spammers to bump their thread are most likely scam.
Infact 4 out of 10 ICOs on bitcointalk are scam.

bhobafett

full member

Activity: 322

Merit: 100

Spamming ICOs, that's what they are. There are so many members who are posting about it. You'll never know whether which one is real or just a scam. You need to study the ICO first before you join, that's your job anyway.

tiggytomb

legendary

Activity: 1848

Merit: 1000

There will be scams in there somewhere, there has to be with the amount of ICOs that are popping up almost daily, many you can tell from the start but the clever ones will hook you right up until the launch.

As long as you have done your own research and looked at all the angles you should be okay, but nothing is every guaranteed in this world.

SummerBliss

sr. member

Activity: 910

Merit: 254

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.

There are less chances that the ICO that raised in millions would be a scam. But still by checking the track record, everyday many fake ICO comes. We investors need to be cautious and read and understand the project well before investing.

Regarding your investment, you better disclose the name of the ICO in which you invested. So that we can help you better.

arp10

hero member

Activity: 826

Merit: 510

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.

Before joining the ICO you have to investigate that product, does that product useful for community, what kind of team are staying under that the product
Have team already created some prototype or it just collecting the money.

merj99

newbie

Activity: 49

Merit: 0

Not all ICOs are scams but there are certainly a lot of them that are.
Do your research before you part with your hard-earned money! Read their whitepapers. Ask questions.
See who the developers are. What is their history. It helps to have some communication with the team.
Certainly many businesses are launching ICOs because it's a fast way to crowd fund, but like a lot of business ventures they fail for various reasons. It's not always about taking the money and run but a poor business plan from the beginning. It happens.

XOOMBOX

full member

Activity: 255

Merit: 100

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.

what ico did you joined with? maybe a lot of people can give you hints as well if that a good ico or not. anyway, as what everyone else said, you need and have to research about the certain ico, know more their backgrounds and the people behind this project. cause if you do this then im sure that you you;re self can assess is this are just a scam ico or really a good one.

PhucS

sr. member

Activity: 742

Merit: 250

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.

Currently, ICO projects appear more and more and gradually become one of the ways to make a good profit. Besides the advantages, it is also unavoidable disadvantages such as scam, project unsuccessful, underdeveloped. To avoid that, you should find out thoroughly about the ICO project you want to invest, read the white paper of ICO, see how they work and refer from people. However, all ICO projects are not fraudulent, there have been many successful ICO projects and still growing in the future.

digital_weezer

member

Activity: 70

Merit: 10

I feel like the word scam is throw around a lot, and of course there are scams but not to the level that everyone thinks there are.

Just because a company raises a few million, does not mean it will survive.

ICO's are a new concept for raising money and so they are a little misunderstood. The best way to avoid any negatives from ICO's is to research the startup you want to invest in. If they have a good whitepaper, solid concept, great team and a good marketing strategy then it could be worthwhile.

2Pac

hero member

Activity: 749

Merit: 507

it will not be right if we say any unsuccessful or ineffective ICO as a scam. Yes there are so many scam project looks like an ICO at first sight but there have been quite smart and respected projects and ICOs until now and it will be although the number is few.

danmoris

full member

Activity: 280

Merit: 102

Most are indeed scams, but a select few will always be legit.
After all, common sense dictates that if a team initiating an ICO succeeds to collect enough funds, it is in their best interest to invest the funds as per what their white paper suggests in order to boost the value of the altcoin further as well as end up with a successful organisation...

AVAMONEY

full member

Activity: 406

Merit: 100

there is always have risk in every investing

especially on ico, even it more being popular, but still, there is possibility it could be stuck or unacceptable in market

marcbitcoins

full member

Activity: 854

Merit: 108

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.

Not all ICO are scam because lot of us earned in signature & bounty campaign because of this sponsored ICO if not of these legit ICO we are all will just depend on investing and trading. Not at all are scam that is why this forum suggest that we should screen it out and research well the better and good ICO before we choose.

uelque

full member

Activity: 812

Merit: 126

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.

Just hope that the ICO where you joined goes successfully. Because once the ICO failed, you wont receive any payment. Though it seems similar to scams, because you've work for them without payment, I still do not see it as scams, because you both failed. For me, scam is where the manager/developer achieved success while you failed achieving your's through their campaign. And failure is part of success I believe, so we cannot avoid it. So still, I think there is no scam ICO's but failed ICO's.

rudox

full member

Activity: 476

Merit: 100

I think the question should be are all ICO scam? Definitely some are scam right from the intention of the originators who are only interested in raising fund and share among themselves. But they are other ICOs that are real with intention of raising fund to build a solid enterprise. The evil ones will raise the fund and at the end claim that they did not meet the soft or hard cap whatever that means i do not know. They will claim to refund money to their investors after making double what they received. Let take for instance a dubious ICO that sold token when BTC was around $2500 and claim the ICO was unsuccessful and return what was sent to buy their token when the BTC price is now $3500 making gain of $1000 .

energico

member

Activity: 102

Merit: 10

any ICO can become scam project. or maybe dev dont want scam but project failed. Cheesy

so we need invest carefully

jlp

sr. member

Activity: 266

Merit: 264

The risk goes up depending on the country that the team members are from:

https://www.transparency.org/news/feature/corruption_perceptions_index_2016

bgaf

sr. member

Activity: 644

Merit: 257

Worldwide Payments Accepted in Seconds!

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.

I think ico is not a scam some are failing in ico but some are success. Its good to invest on ico than to invest your money in not legit site.
But once you invest on ico you need to have patience and understand to the team because you need wait to get profit before you sell your token.

Topic: Are ICOs scam? - page 17. (Read 5461 times)