Well it is easy way to earn money instead of a hard work and thieves found a new way to steal money. Just fool people with great project ideas let them invest etcs,btcs take the money and then vanish.
Everyone is dreaming to be rich without work and investing their money to projects without research it properly. In Turkey a 25 years old boy just fooled people with livestock project said "In a year you will earn twice of your invest" Turkish people invested 100 million USD to project. Boy took the money and run to Uruguay which dont have any diplomatical agreement with Turkey. Thieves like that always be there and best way to avoid them is detailed research.
Topic: can someone explain why so many ICO's are scams? - page 4. (Read 517 times)
What do you not understand about the concept? People pay a lot of BTC/ETH for ICOs; usually even without doing any research, people just go in based on hype. So scammers created scam ICOs to make money off people. Pretty simple, really.
I'd say, probably only 7% of projects have real teams with real goals. and only a fraction of that percentage has a chance of succeeding. Take note that these are just numbers that are very rough estimates of mine.
I'd say, probably only 7% of projects have real teams with real goals. and only a fraction of that percentage has a chance of succeeding. Take note that these are just numbers that are very rough estimates of mine.
All I hear about is that ICOs are scams and you need to watch out... Can someone explain why so many of these things are scams? What percentage do you think are legit businesses?
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