Are ICOs scam? - page 18. | Bitcointalksearch.org

MintCondition

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Quote from: bgaf on September 20, 2017, 06:54:24 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.

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.

The majority of ICO are legit but you can't deny that there are existing scam ICO that looks legit at the first site. It is good to buy on ICO because you can avail bonuses but always be safe on choosing the right one.

Apes

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ICO is not a scam the survey proves that 80% of the services of the project companies they build are not scam because there is indeed a project company that they build but 20% are just people who have made the forgery project in ICO

Tyrantt

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Need some spare btc for a new PC

a lot of them turn out to be. Like this, make a coin, pre-mine a ton of it, make a campaign, hype it up, spend some money in website, designs, web hosts,etc... and after a while, when people are buying on presale, they can either take that money and run away or wait for the coin to hit the exchange then dump all of their pre mined coins and then run away.. That's why I don't trust ICOs tbh.

Onimushi

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Quote from: NathanJB on September 19, 2017, 08:33:46 PM

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.

Would you care to mention the ICO you have just taken part of? I hope you did some checking of the project and their credentials before you did your investment. That was very necessary especially when talking about ICOs. But I think it was legit since they collected a huge amount.

It was electroneum. Can someone say their thoughts about it? I have more funds to spare and im finding answers to invest more. They seems to be very legit.

kryptqnick

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Quote from: maokoto on September 19, 2017, 02:47:52 AM

I have came to think most of them are scams, and the new way to get money from users. Of course there will be exceptions.

But not long ago, whenever someone created a coin with some premine, even if it was just 10% premine... people will cry SCAM!

Now there are ICOS everywhere, when you pay in advance for tokens (that are nothing but premined coins) ... and for the most part, none says nothing. Just because they show a roadmap or innovative idea to get the dollars in.

Seems rather funny to me.

Right. Investing in icos surely is a risky thing to do. Since there's no legitimate way to get your money back if you invested in it and it turned out to be a scam (the best that can be done is negative trust for forum members promoting it), it is all up to you to decide, whether it is really worth it. Yet I believe some projects are not scam and people really get rich with them. I mean, look at waves. It was the first ico released coin. Nobody's saying now that it's a scam, right?

Muhtaixa

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it depends the project i think. we cant call all ICOs are scam but yeah there are some.so before invest any ico investors should check more about team aand their projects.sometimes its easy to understand ''scammy'' project sometimes really hard.

DragonSlayer

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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.

Not all mate but most provably that's why you need to be careful on which ICO you are going to invest since there are so many plenty of them and we don't know on which is scam and which is not. And I advise that you should hold those coins for long time since Im sure that you will became a bag holder nor a loser if your impatience for waiting for the next hype coming the coin you've bought from the ICO.

Cnut237

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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.

There is always a chance, but you need to do enough research before you buy so that you have confidence in the coin and that it is a good and legitimate project. But if you have already bought in, then this is just advice for next time!

xaviervilla

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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.

If i were you, I wouldn't go as far as saying all ICOs are scams. While some of them really do, while others don't succeed because of various reasons., some of them really are legit and become successful slowly and others fast.

But whatever the case being scammed is still the fault of the one scammed. Because there would be no scammers if there are no one to scam. If only people like you do a lot of research and analyze the matters properly before jumping in, scammers would be gone from this world.

Anita1873

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Not all ICOs are scam. If you study the project and read white paper of any ICO and check the project is viable and can produce the earning as prescribed in the white paper.

viewly

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Do some proper due diligence when investing in an ICO:

https://picoloresearch.com/
https://www.verifiedicos.com/
https://crushcrypto.com/ico-analysis/

Many good ones out there, but also many crap ones. The above sites will help expose the shit-coins.

frowsiter

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There are many things that can happen with an ICO. For example, an ICO might be so much successful that it will just make you rich within the night time. There could be possibility that an ICO may not raise enough funds to give their token or coin a good price tag which means it will take long time to hit the break even of your investment or you may not reach the break line. This might not look like a scam but it's going to be your loss. And there will be some intruders who are opening the ICO just to scam people in first place. They will raise any kind of funds small or big and later might not get listed on exchanger so theoretically there won't be any way to exchange your tokens which is just shit contract that they made. Must be careful about them. There is no proper way to look after good and bad ICO.

Quietman

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Not all ICOs are scam. To avoid ending up a loser when joining ICO, I look up to Bounty and campaign managers. There are many reputable people who manage the project well. Some are just making and ICO for personal interest. And I agree mostly are not scam but most ICOs end up unsuccessful.

lady pink

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Quote from: dukemc on September 19, 2017, 10:21:34 AM

Quote from: Bitmedrano040117 on September 19, 2017, 10:18:04 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.

So far, ico now has too many of them, and sometimes you will get confused in which them are really potentials, but of course still you need to be careful anyway on choosing ico. Maybe that's one of the reason why China banned the ico to their country.

Thats true but China not banned the ICO´s they try to find regulations for this. On the one side it is good that there is be a regulation on ICO (because of scamming) but on the other side it´s bad for investors

I say all adult people in this scene should know what to do. Others should leave there hands from such things.

Do you have any proofs of defending that china is regularizing ICO? China do shit like this to show their power. There is no other reason for china doing all this shit.

mudasarali43

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No no All ICOs are not a scam, China make some rules and regulations due to this ICOs will change the criteria according to those rules and regulations but it's not for all over the world its only for chines.

NathanJB

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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.

Would you care to mention the ICO you have just taken part of? I hope you did some checking of the project and their credentials before you did your investment. That was very necessary especially when talking about ICOs. But I think it was legit since they collected a huge amount.

irwanjabryg

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Quote from: Bitmedrano040117 on September 19, 2017, 10:18:04 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.

So far, ico now has too many of them, and sometimes you will get confused in which them are really potentials, but of course still you need to be careful anyway on choosing ico. Maybe that's one of the reason why China banned the ico to their country.

Good step, ICO can not be separated from crypto world. this is the way to make it easy to create crypto based projects. The biggest mistake is we do not know the potential ICO.
and how to differentiate it while the ICO is overwhelming. Obviously this is worrying. China is the leading country that is concerned with this condition.
ICO requires special regulation so that everyone feels safe to invest.

Mariya03

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Initial Coin Offerings (ICOs) are not scam. Why ? because ICOs are the one which proposes campaigns here in Bitcoin. ICOs are really best in investment and it will bring good to the projects and investors also if they succeed. But as of now, you should be careful because there are lot of selfish people who is trying to use ICO as a scam for their own benefits.

FarmerOak

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Most are legit projects that will fail, some are full out scams. There's not one size

shinratensei_

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Quote from: dukemc on September 19, 2017, 10:21:34 AM

Quote from: Bitmedrano040117 on September 19, 2017, 10:18:04 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.

So far, ico now has too many of them, and sometimes you will get confused in which them are really potentials, but of course still you need to be careful anyway on choosing ico. Maybe that's one of the reason why China banned the ico to their country.

Thats true but China not banned the ICO´s they try to find regulations for this. On the one side it is good that there is be a regulation on ICO (because of scamming) but on the other side it´s bad for investors

I say all adult people in this scene should know what to do. Others should leave there hands from such things.

The PBOC has announced the banned if that was a temporary until the regulators will be finding a way to make such a regulation to the icos, There are so many scammers in these days that gives the mandatory for them to protect their civilian or even the investors to not get scammed by the scammers.

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