You are absolutely right, a lot of icos are taking advantage of investors nothing to offer no prospect.Everyone knows the Ico scams happening.I think it will take a few more years for the market to stabilize when the cap is higher and equal to other financial markets like stocks and forex.
And the funniest part is that investors are not really even helping matters as they really do not give a damn about digging more on a project and the greedy nature has caused a lot of people to just invest in any project and giving the scammers the chance to see gullible ones to tap from. Also, with respect to stability, it would take a lot of high usage on a global scale and a high cap, but are we even ready for that now? 
Topic: Crypto has gone to shit - page 38. (Read 5048 times)
All small Projects with High Cap are Shit Projects They Don't even think what could be the possible outcome of it. The Market is Still Hurt because of Those Shitty Project scamming New investors Who Doesn't check And Review the Platform of a specific project and after being scammed they will come to the state of panic selling the reason why market is always Red Days, But, LOOKING some ICO's Ive Seen Few Legit,Trusted and Useful in The Future, if you have heard about VLB Project then you will feel Relieved for a moment, VLB team Refunded all the Investments they have collected when The cap wasn't reached because it was a little bit high, but all investors were satisfied to the trustworthiness of VLB team, now they have comeback with lowered cap, a great opportunity to ean profit in the future with this VLB token.
Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.
I don't think that it is all about that. Not all ICO project does not serve it purpose. Many ICO running smoothly the way they serve the target market and do make a lot money for those investor who risk in it. All I can say is that not all the ICO is like others. Do make thorough research or best evaluate it them with your own understanding towards a good business.
Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.
Indeed! This is the worst scenario that is happening in the crypt world. Too many unnecessary ICO which does not serve the main purpose in the crypt market. Sometimes it leads to unsuccessful investment but the worst case was it turns out to be scam.
Scams everywhere now.
They are everywhere so stay watchful.Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose.
I'll step in here, this is why VLB - Vehicle Lifecycle Blockchain changed their soft cap to $4,000,000 and hard cap to $12,000,000 which is a real deal unlike those greedy ICO's that you mentioned and VLB token is good for car owners, car entreps and passengers. They are even partnered with Uber so their token will be useful in the future.Pretty much, this. There are tons of good ICOs out there, whch offer actual services with a reasonable hard cap and a proper defined incentive to use their tokens, VLB being only one of them.
Sure, there are a lot of scam as well, but that only means, you need to be careful with your money.
The more popular the crypto become, more scam ICO we will see. But this have a good side as well. The market of ICO is more competitive and this is good think for the investors.
Scammers are getting smarter and smarter while the crypto market is growing and being recognized by the world.
I do translations now and then. This seems like a good way to 'invest' in ico's. I don't much eth/money in them anymore because there are way way too many ico's now. Doing translations I noticed that some projects use very bad English which makes me think they're not very professional and thus might be scams. I think most of them will get no further than some pump on some exchanges before they die. But there are some that WILL survive and have a working product that will be used some day. Are you ready to miss that boat? I'm not. That's why I try to gather some tokens/coins of projects that might get somewhere someday. You never know...
I'm all in for Vitalik's suggestion of making ICO's reach certain goals on the roadmap before they are able to get their eth/money. Because now it's just some idea, get loads of eth and dissapear.
I'm all in for Vitalik's suggestion of making ICO's reach certain goals on the roadmap before they are able to get their eth/money. Because now it's just some idea, get loads of eth and dissapear.
Stuff like this has been happening for years, scam ico's were here a couple of years ago already.
This is just what happens when people see they can make money., i think the bad projects and stupid investors will get weeded out at the end.
So invest smart and reap the benefits.
This is just what happens when people see they can make money., i think the bad projects and stupid investors will get weeded out at the end.
So invest smart and reap the benefits.
The more popular the crypto become, more scam ICO we will see. But this have a good side as well. The market of ICO is more competitive and this is good think for the investors.
I don't think you can blame the team only, also the investors or the gambler, I do believe most of these ICOs do not need more than $10 million IMO, because what they are offering is just a token, we don't have any other stake in the company, but this is the world we are, everyone want the next Ethereum and NEO so people are now throwing money on any idea with hype, some projects close their whitelist in minutes because of oversubcribion
Many alt coins are created only for speculation. You have to study the project to see if the coin has a future or not. In the long term you need to buy only reliable coins with a promising project. Speculative coins can make you profit in daily trading but not with HODL strategy.
Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.
Well you can't control those kind of things because crypto world are decentralized also. Too many abusing cryptocurrency to scam people because they know that there are no laws here. But don't worry karma is so fast and I know they will hit instantly.
Oh well yeah, I kinda agree that Crypto has gone shit because of the different gimmicks people use nowadays. Making tons of shitcoins with no prior value or vision. Some are orchestrating ICO scam in order to gain huge sum of money. I feel so disappointed on some people because they use crypto in bad use.
It might be true that too much ICOs these day with already 'completed' presale that expose their token publicly raising a huge amount that was in the end not that active as it looked to be. It's better to stay away projects with overconceptual ideas unless they are backed up by good companies or have a very good background, certainly not individual as they could easily be endorsed by few ETHs.
Tons of scam always been at the market so I don't think anything has changed. Nowadays it's even less number of trash ICOs.
I'm shocked that people take advantage of greedy idiots. There is a sucker born every minute, so the crypto future looks bright to me.
Scams everywhere now. Greedy ICOS that for some reason need 20 million dollars for a small project, Ridiculous. Greed everywhere, thousands of coins that serve no purpose. This is so far removed from satoshi's vision. Premine bullshit scams like onion. Projects that have no reason to be on a fucking blockchain except to cash in money on the hype. We need another fucking crash to clear out these shitcoins and scams, and you greedy mfer ICO devs are the cause of this bullshit.
This is true, but not all ICOs are scams, you must see the bigger picture mate. But you took it heart. Perhaps you was scammed and feel this way or you have finally been enlightened with your surroundings?
Anyway, i hope you feel more positively after you let some steam out
Just choose a real projects with real teams and products and you will be fine.
When I open the ANN section for new topics, I'm skipping 90%+ of them and the problem is solved.
IMO you need to focus on quality projects instead of wasting your time on garbage.
When I open the ANN section for new topics, I'm skipping 90%+ of them and the problem is solved.
IMO you need to focus on quality projects instead of wasting your time on garbage.
Stuff like this has been happening for years, scam ico's were here a couple of years ago already.
This is just what happens when people see they can make money., i think the bad projects and stupid investors will get weeded out at the end.
So invest smart and reap the benefits.
This is just what happens when people see they can make money., i think the bad projects and stupid investors will get weeded out at the end.
So invest smart and reap the benefits.
I agree with a topicstarter, the world of crypto is a world that include large amount of scam and greed. Shitcoin pumps and dumps, whales manipulating, mad developers, which raise millions of dollars to develop the soursecode (omg), thinking only about money, and much more... But these are rules of the game, take it or leave it.
you're trying to tell me that most people in crypto are only here for quick money and not to embrace the tech?
NO F'N WAY MAN!!!
blame these people from developing countries trying to cash in on airdrops or fake ICO's and other scams, they are ruining everything.
NO F'N WAY MAN!!!
blame these people from developing countries trying to cash in on airdrops or fake ICO's and other scams, they are ruining everything.
Most investors are putting their money on ICO for the great profit in the near future. They are not really into the project, why? investing in an ICO is not owning some percentage of the company owners but just tokens or coins. Now Developer is into real money and not just the project.
ICO is making such project hitting a double dagger with investors. Yes, they have the project but they fully own that, they have the business to run.
People get tokens and making money with that and at the same time, Developers are holding some percentage of the token supply that can be easily changed to money.
TRUE! this is not SATOSHI NAKAMOTO WANTS!
you're trying to tell me that most people in crypto are only here for quick money and not to embrace the tech?
NO F'N WAY MAN!!!
blame these people from developing countries trying to cash in on airdrops or fake ICO's and other scams, they are ruining everything.
NO F'N WAY MAN!!!
blame these people from developing countries trying to cash in on airdrops or fake ICO's and other scams, they are ruining everything.
Most investors are putting their money on ICO for the great profit in the near future. They are not really into the project, why? investing in an ICO is not owning some percentage of the company owners but just tokens or coins. Now Developer is into real money and not just the project.
ICO is making such project hitting a double dagger with investors. Yes, they have the project but they fully own that, they have the business to run.
People get tokens and making money with that and at the same time, Developers are holding some percentage of the token supply that can be easily changed to money.
TRUE! this is not SATOSHI NAKAMOTO WANTS!
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