Topic: Don't be too quick to judge ICOs - page 28. (Read 19854 times)
True talk is, despite the fact that most ICOs end up unsuccessful does not mean all ICOs will fail or the fact that most ICOs ends as scam does not mean all ICOs are scam. A project not doing well in it few years in the market does not mean the project is a scam or dead. Just as you need to crawl before walking and walk before running in infants, same way we have to give some projects time to go through that process. Bitcoin started from somewhere before getting to where it is now. Don't be too quick to judge a project with its current state.
I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.
Take your own time and judge based in several factors including teams participation in public channels. See their progress reports. Get word of mouth from multiple channels.
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We don't judge any ICO to be a scam, but we already have seen so many examples of the bad ICO that is run away with the investor's money. Besides that, we are not judging the new ICO will be a scam too because of they still a new project which is trying to gain more investor. I believe that if their project were a good project, they would protect their investors, the participants and even they will run their project with care. But people are tired to see many ICO has turn become scam in the middle of the phase or after the ICO is finished. That is why many people call ICO will be a scam in the end if they don't have a dedicated team.
So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.
yes I know that, but there are many scammers who hide their faces behind this ICO project, actually they are not really really developing their projects. ICO only made formalities for them to get investor money, and this happened a lot because it failed a lot even though everything was not what I thought but it was like that on average.
Just look at 2017, where many ico projects have been successful in a few months, this proves that scammers are a bit of a time and they really develop their projects wholeheartedly.
I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.
You say correctly that not all ICOs have the potential to scam, there is an ICO that benefits investors but only a little currently there is an IEO and STO Of course investors prefer to invest in the IEO or STO than at the ICO
You are right, not all are scam, if on crypto not was scammers we could have today more good price for all crypto coins and even maybe the price not drop so much after bull run on 2017 until now.
A team has to make a study first before deciding to make an ICO for their project, ocne they know the project is very doable and they have some type of people who an build relationship to which industry they focus that's when they shall decide. Some projects didn't have to do an ICO to make a success in starting up a project. Polymath for example didn't do an ICO, they just airdropped tokens and see if they can build a community that will support the project. Teams that doing an ICO must have miss something else to which in the end they end up being scam.
Basically the conclusion ro your point is that icos are actually high risk investments that may succeed or fail but if we check the historic performance of icos in last few years there have been more fail projects than successes so the people who talk negative about the icos also hold a valid point.
ICOs is much better than traditional IPOs.
But the market was not ready for a huge amount of garbage, fraudulent projects that spammed all this space. Because of which many had a negative impression about ICOs.
In fact, the market is still very very young and makes its first steps. The problems is being solved, new ways and solutions are being created, and i think we will still see many new projects and success stories in the future.
But the market was not ready for a huge amount of garbage, fraudulent projects that spammed all this space. Because of which many had a negative impression about ICOs.
In fact, the market is still very very young and makes its first steps. The problems is being solved, new ways and solutions are being created, and i think we will still see many new projects and success stories in the future.
Yes, I also agree that even now there are many good and promising ICO projects that succeed, as well as many good ICO projects that simply could not collect even a minimal amount of funds in these market conditions, but should not be considered fraudulent. Of course, some claims that 99 percent of ICOs are fraudulent are greatly exaggerated. In fact, this percentage of fraud among ICO projects is much smaller.
sure, i think almost everyone knows about that.
but if you judge ICO fail with 99% of total, did you make some research first.
99% is too over for me, maybe if we look all of ICO the total scams project is 70-75%.
because i see a lot of ICO is real and get success.
but if you judge ICO fail with 99% of total, did you make some research first.
99% is too over for me, maybe if we look all of ICO the total scams project is 70-75%.
because i see a lot of ICO is real and get success.
most of noobs do not know enough what scam means. they think that if they did not became rich in the next day after listing, the project is scam.
What you say is actually I've felt it. That said the scam project was like the project did not pay or did not benefit. Actually the scam that I knew in the ICO was that the ICO project was committing fraud against investors and that was the same thing called ICO scam. 
I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.
most of noobs do not know enough what scam means. they think that if they did not became rich in the next day after listing, the project is scam.
There are different ways an ICO fails. But what I can surely say is 99% of the total ICOs has failed. They either were scam, couldn't be able to hit the softcap, spent all their money travelling and could keep up developing the product, have a working product but are not getting any good profit or having a profit but that's in no way is reflected on token price. You can call all of them a scam.
I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.
I totally agree with you. ICO projects are a profitable business both for investors and for the development of innovative projects. Yes, fraudulent actions happen, but they are not only in ICO. To speak and summarize what a larger percentage of scam is wrong. Many projects came out with a finished product and brought profit to investors. You need to take seriously the choice of projects, analyze and check everything will be fine.
That you already said is true, but unfortunately many investor has already fall like into the hell after hear that ICO was scam. Lost money and lost time is make frustrate and depression. But if the that ICO not fraud, any something will be run well.
I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption.
This statement is far different from an ICO or company you buy a portion of their share. For example, a company is regulated and ICO is not , so you lose your money, you can't find it anywhere.
If you buy into ICO, you don't know the mind of the project owners which majority are to scam you just as you have read most thread, the lack of trust in icos anymore. If you are building your investment or company, you know you are genuine about it and you will make it grow but most icos intentionally are to scam, is another business for them.
Not all ICOs are scam, that is true. Maybe up to 80 or 85% are scams because a good number of ICOs is still done by an honest team but sometimes they realise that it's too hard to meet the expectations and they decide to do the best of the situation like refund investors.
ICO is risky in general and it's important to know that such invested money can be lost if the project fails.
Totally agree to you.
ICO is risky in general and it's important to know that such invested money can be lost if the project fails.
Totally agree to you.
You Said the right thing dude.
IMO ICOs are always a scam.
But there are always some Icos who are no doubt legit.
But to find an ICO like that you need a lot of time.
So it's better to invest in anything else rather than ICOs.
Just Be careful.
IMO ICOs are always a scam.
But there are always some Icos who are no doubt legit.
But to find an ICO like that you need a lot of time.
So it's better to invest in anything else rather than ICOs.
Just Be careful.
I have often said that not all ICOs are scams. Because until now I have found a lot of good ICO and the possibility of great success. So, if a lot of people say that ICO scams don't really matter. But it must be remembered that "Not all ICOs are SCAMs"
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