Topic: Don't be too quick to judge ICOs - page 5. (Read 19843 times)
This percentage of scam projects is worrying that is the more reason why the call for regulation has some merits
99% is quite high and outrageous but if the experts say so who am I to argue with them but truth be told I cos looking to have been infiltrated by folks who all they want is to milk unsuspecting members of the public.
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.
No one is saying all ICOs are scam but from the information gathered on ICO projects, a greater number of them appears to be a scam. Developing a shitcoin is scam. So its not about being quick to judge rather, a way to help people from being scammed...
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.
Yes it is true, ICO scam statistics are not that big because there are a number of projects that fail because the softcap has not been determined so that the project can go according to plan and some others have scams. And if we see now the many ICO scam projects make people more careful and do not want to rush to participate in a project for fear of getting an ICO scam. So, in my opinion it is better for us to observe several projects and ask for advice from some of our friends to share opinions about the project before deciding to participate in the project.
A terrbile ICO shows itself by its website of team most of the time. When I check a project, if they have a shitty website, usually that project never succeed. A good project should invest some on design and marketing first bu attract people. Secont thing I check is the teams experiences in blockchain. It is more important than the website in my opinion.
Its true. We cannot judge a project by just looking at its announcement thread or its website. I have seen tons of projects which has really bad website but a great team behind it. They improved everything slowly and surely and they became succesful. I think the most important is the team. If the team has that vision, that projects has a future.
I disagree with your statement that the scam ICOS are just few, i think you didn't experienced to stumble upon to most of them. There's a lot of fake and scam ICOS out there, that's why investors lose their trust and those quality ICOS are also affected because of it.
Scammers are always present where money is, they are the cancer of the system. Only few are legit business in the crypto space specially ICO's, ITO's, EIO's etc just be careful on what your investing, even if you have invested in a genuine company in does not guarantee you a profit cause you'll never know what will happen to that particular company in the future.
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 partially agree with your statement, ICOs are business that has 50% chance of success and the ratio of success will increase if the team work hard on their goals. There are still small projects that dump after listing but the team keeps delivering on their product and that is not a scam but if the team stops on developing then we can call it a scam. 
The very best of the cryptocurrency projects are difficult to discover this days ,either from the initial coin offering or other fundraising models like the IEO ,to discover ventures that outrageously mean business is hard ,many case to have something they would offer crypto world yet after they arrive hands on the supports they start lingering behind and deferring superfluous advances.
I still think that a lot of ICOs ate good but not all should be trusted blindly.
Its hard to find a good ICO right now and chances to find a good one is very little. Even bounty hunters stop hunting becuase of too many scam ICO attempt and many failed project.I still think that a lot of ICOs ate good but not all should be trusted blindly.
Dont just base and invest in ICO if there are good project that already in the market , why not try trading instead.
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.
That's too much! 99% of the ICO scam, that's a big mistake, which is why this topic was created, he should have shown a linked article that 99% of ICOs are scams. But if it is just based on his understanding then that is a misconception. It is true that most ico projects have been the instrument of scammers, but not to the average he gave 99%, but it is still a legitimate ICO especially since the IEOs have been trending relatively lightly, accordingly in my observation.
I agree, not necessarily that the IEO project in the big exchangers is good for the long term. All research must be done but I agree that we must be optimistic that there are good projects that might be under the radar
maybe we find one project that is very profitable, as you said there might be good projects that are likely to be under the radar. we must always think positive to find good things.
The very best of the cryptocurrency projects are difficult to discover this days ,either from the initial coin offering or other fundraising models like the IEO ,to discover ventures that outrageously mean business is hard ,many case to have something they would offer crypto world yet after they arrive hands on the supports they start lingering behind and deferring superfluous advances.
I still think that a lot of ICOs ate good but not all should be trusted blindly.
I still think that a lot of ICOs ate good but not all should be trusted blindly.
Of course truly it is evidently clear that most project end up as scam projects and these projects will continue to appear or come out day in and day out but the fact that a lot of projects are out there does not mean all ico projects are scam projects, some are really legit and are dormant currently, some indeed needs funds to carry on and it will be a great mistake to be quick judge these ico projects because with funds, some can really surprise you.
We cannot judge that all ico is a scam, because many ico that have emerged have their advantages and disadvantages, so there is an ico that is already legitimate and good in developing its vision and mission, we as profit seekers need a long time to evaluate it, there may be many ico scams we must be more careful in investing in every ico there
yes scam views should not be aimed at ICO or IEO. but focus more on the quality of the project. even in IEO there are also many scam projects, and ICO also has some really good projects on the market.
There are more than a few years of inactivity for a lot of projects. Thats more than enough to name them dead
Now is a very difficult time for new ICO projects. The altcoin market has fallen significantly and has been in decline for almost two years now. This is strongly reflected in new ICO projects. Their tokens sharply fall in price as soon as they appear on the exchange. Because of this, investors do not show their former attention to them. However, this does not mean that the projects of the ICO have died, they can safely develop, although their tokens in the current market have almost depreciated.
ICOs are still ways to revive when the cryptocurrency market starts to rise and the price of altcoins starts to rise.
ICOs are still ways to revive when the cryptocurrency market starts to rise and the price of altcoins starts to rise.
this same reason makes many lost their funds as they never determine their choice at a go which would have been at early stage but they seems having hope which end up as scam but some pay back but due to the market situation i will advice everyone to stay away from icosahedra.
Not necessarily when all ICOs are bad. But it is safe to conclude that participating in an ICO is risky. If you want to invest in an ICO, understand that you are taking enormous risks. You cannot recover your investment in the unfortunate event. That's why scam scams abound on ICOs. Please choose carefully.
everyone already knows that the failure of a project does not mean fraud, the main factor that causes the project to fail is because the funds do not reach the specified target. On the other hand, investors are currently reluctant to invest in ICO for several reasons. the problem is difficult to identify ICO projects that are truly legitimate, but the emergence of IEO has attracted the attention of many investors to take advantage there.
There are still really good ICOs that depend on many factors, how important you rate it. 2 months ago I participated in the ICO and also made a little profit from it but not much. If you are more difficult, perhaps you should choose the IEO is a good choice because it is safer and more secure for you to avoid fraud cases occur. Jump to: