Exit Scam - page 4. | Bitcointalksearch.org

pieppiep

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Quote from: eidoscore on May 19, 2019, 11:11:37 AM

ico campaign is not irrelevan again, now IEO are hype and safer than ico, because exchanger are escrow for investor and developer.
and as we can see few project are succesfully run their project with IEO.

some IEO cases have started to show symptoms that are not good, such as some cases that occurred at Bitrex which held an IEO but after that there was no good news about coins being bought when the IEO could not provide benefits because the price fell, I only participated IEO which is in the binary exchange place.

eidoscore

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ico campaign is not irrelevan again, now IEO are hype and safer than ico, because exchanger are escrow for investor and developer.
and as we can see few project are succesfully run their project with IEO.

Fredomago

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Quote from: 5ensei on May 18, 2019, 06:22:53 PM

This is the reason why people are investing in IEOs rather than ICOs because there is more safety when an exchange has fully vetted the team and the coin. right now people are just giving their coins away to unknown people they have never met and expect strangers to give back high return

That's it, investing blindly without any assurance that they will get something in returned, IEO's get the attentions of investors since they can sell after the period of sales has been done, the exchange who acts as middle escrow can easily facilitate the trade.

TGD

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Wen Rolex?

Quote from: WannaCry on May 19, 2019, 09:26:24 AM

Quote from: Stargazer on May 18, 2019, 06:11:43 PM

This is very sad news that these two legit projects turned into scam! I did their bounty and they cheated with us by not giving what they promised! But Amazix managed these two ICO projects and as far as I know Amazix know them well! So, can't police arrest them?

For amazix i think police can't arrest them, as they are only in charge in bounty campaign.. those dev team should be punished for this scam..

If only ICO were accepted and they do their legal papers then we can report them. This 2 project seems to legit before, now theat the market recoveing they run from their investors.

WannaCry

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Quote from: Stargazer on May 18, 2019, 06:11:43 PM

This is very sad news that these two legit projects turned into scam! I did their bounty and they cheated with us by not giving what they promised! But Amazix managed these two ICO projects and as far as I know Amazix know them well! So, can't police arrest them?

For amazix i think police can't arrest them, as they are only in charge in bounty campaign.. those dev team should be punished for this scam..

bhabygrim

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Always be careful on where you would invest your money and before you invest it make sure you made enough research,
If you are going to invest your money make sure to invest time too it wouldn't hurt to make sure that you are putting your money in the right team and right project .
As you can see there are so many scam project so choose wisely on who you would trust your money.

Yamifoud

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Quote from: Innocant on May 18, 2019, 07:02:55 PM

We dont expect on what happen to those bounty we pariticipate and the end was a scam. In this year iv'e participate some different bounties but not all them are totally paid us. So must better to prepare if we encounter on like this kind of bounties so that we can aware of them.

Scam exit isn't new for us, we have this scenario last year dragging the entire market and ruining the image badly.
We don't have such control, only we need to find out if this project will have something to contribute or nothing. This instance will help to define any possible for an exit scam of a certain project.

Innocant

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We dont expect on what happen to those bounty we pariticipate and the end was a scam. In this year iv'e participate some different bounties but not all them are totally paid us. So must better to prepare if we encounter on like this kind of bounties so that we can aware of them.

tippytoes

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Quote from: Stargazer on May 18, 2019, 06:11:43 PM

This is very sad news that these two legit projects turned into scam! I did their bounty and they cheated with us by not giving what they promised! But Amazix managed these two ICO projects and as far as I know Amazix know them well! So, can't police arrest them?

The thing is, you need to have solid proof of their connections. I don't know if there is an existing contract between them. This is the problem with online business, you don't know if they are possessing legal documents or not. But I believe, a lot of users already learned their lesson from those ICO scams and crap projects. By now, they should know how to assess if the project is a potential scam or not.

pixie85

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There were exit scams in 2015 and there are similar ones in 2019. It's always the same pattern. They make a lot of promises and flee with your money.
People should learn not to trust people they don't know and when it's happening in the internet the probability of being scammed is multiplied. Always check if the team is real if they had prior projects and don't believe in fairytales.

5ensei

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This is the reason why people are investing in IEOs rather than ICOs because there is more safety when an exchange has fully vetted the team and the coin. right now people are just giving their coins away to unknown people they have never met and expect strangers to give back high return

Stargazer

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This is very sad news that these two legit projects turned into scam! I did their bounty and they cheated with us by not giving what they promised! But Amazix managed these two ICO projects and as far as I know Amazix know them well! So, can't police arrest them?

malikusama

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Quote from: Jonking on May 17, 2019, 04:37:05 AM

There are reason's why we need to do intensive research- thus this will happen to our investment..

Please see the article https://thenextweb.com/hardfork/2019/05/16/repux-joytoken-ico-exit-scam-8m/

Not a new thing, many scam projects have done the same thing in the past. Investing in ICOs involves high risk and that's why it's not recommended unless or until the project is verified from multiple platforms and is backed by trusted (or experienced) people or organization.
If you are investing in ICOs then do proper research and don't put your money in any project which is doubtful.

Rapidgator

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Quote from: Jonking on May 17, 2019, 04:37:05 AM

There are reason's why we need to do intensive research- thus this will happen to our investment..

Please see the article https://thenextweb.com/hardfork/2019/05/16/repux-joytoken-ico-exit-scam-8m/

but what is really not good looking for the whole cryptocurrency scene is that these project has exit scammed with a big portion of money - any project could do well for let's say 3y, maybe 4y of development.

abstractednerve

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Quote from: Robotbitcoin22 on May 18, 2019, 04:21:40 PM

of course to know a project that is scam or not is not easy. people can only research and analyze it so that what they consider good will follow. I think scam or not a project depends on the luck of each person.

I agree with you that avoiding scam projects depends on luck too. No one can ensure a scam project! Recently Repux and Joytoken projects are scammed but one year ago people wished them a very successful future! And, The hashcard ICO or bit connect or Centra coin, who thought these projects can be scam one day?

Robotbitcoin22

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of course to know a project that is scam or not is not easy. people can only research and analyze it so that what they consider good will follow. I think scam or not a project depends on the luck of each person.

TGD

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Quote from: Adriano2010 on May 18, 2019, 11:56:21 AM

I suggest people to not invest on ICOs, is not good at all, better to buy some good coins and hold for longer for a profit, because if buy on ICOs no one can also guarantee you will get back even half of money invested.

At this time, now that ICO not getting any better due to news and numerous accusations, and we don't trust our research too much regarding our research in legibility, better wait till the project succeed and if it already made a name in the market.

zhekinsp

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Quote from: palle11 on May 18, 2019, 12:54:27 PM

Quote from: Adriano2010 on May 18, 2019, 11:56:21 AM

I suggest people to not invest on ICOs, is not good at all, better to buy some good coins and hold for longer for a profit, because if buy on ICOs no one can also guarantee you will get back even half of money invested.

Not all the icos are bad. Some ICO have made people who follow them richer. I think the issue is about knowing a sincere and good project but how to identify them is the problem. Now we are seeing more of IEO, so maybe they can also be tried.

Even bad ICOs made people rich which all depends on when they launch their project,but on long term this strategy will not work so its something like exit scam make money for yourself and let the others in losses.

niisarearning

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Quote from: Jonking on May 17, 2019, 04:37:05 AM

There are reason's why we need to do intensive research- thus this will happen to our investment..

Please see the article https://thenextweb.com/hardfork/2019/05/16/repux-joytoken-ico-exit-scam-8m/

I am no more believing in ico even we’ll known exchanges are making scam in the form of hack how can I believe this kind of shitty ico’s . I already experienced with some ico’d Like Centra tought me life time lesson . Please stay away from Ico’s we are having enough projects in crypto space for next 100 years.

bitcoindusts

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Quote from: livingfree on May 17, 2019, 05:58:30 AM

Be careful with ICOs, we were all warned about many of their shady projects.

And as long as there are investors that are too gullible with such projects, they will continue to reproduce. It's hard to accept for them that the best days of ICOs are now gone.

The problem here is they appear to be too realistic and sincere by giving realistic updates all the time about the developments of their projects, posting well-known personalities to be part of them or the team, giving updates of what they are doing every time for the development of the project, partnering with known companies and so on and so forth. Seemed legit with all the efforts they show in promotions and the active participations of the team of developers themselves which investors believed to be genuine. It is very confusing, sometimes we don’t already know which one is real and sincere and which one is just making good notions. Though there are projects that do not make big boasts but are real and successful.

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