For those who think that all ICOs are scams - page 2.

ChiBitCTy

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Quote from: BitcoinHodler on March 02, 2018, 03:47:59 AM

Quote from: longhair0418 on March 01, 2018, 11:18:52 PM

Investing in the crypto world isn't that much different investing in the "real" world, they all follow fundamental rules.

but it is VERY different from some real world investment. there are similarities, there is no denying that but for example you can consider shares of some company in stocks market versus an ICO. that company has to actually exist have some value and be doing something for real so that it can create shares and sell them to people so when someone invests in that company they are not investing in thin air.

but when it comes to an ICO it doesn't have to be a real thing, there is no company, there are no teams, it can be literary one person copy pasting code and doing absolutely nothing, and none of them deliver ANYTHING in the end. they are just pure thin air that people gamble on..

You’re first paragraph nailed it. Second, not so much. There are very very Few Alts that have real world value but not many. Cardano and other multi-tear platforms utilizing smart contracts have massive upside if they are to “win” and stay alive and keep innovating. The financial system could greatly benefit from smart contracts like when using escrow and trusts. IOTA and GameCredits corner a particle sector and solely focus on it ..not being a BTC alternative. There’s other examples of coins with teams, real world value, and are more than just smoke..though very very few.

ChiBitCTy

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Quote from: longhair0418 on March 01, 2018, 11:18:52 PM

Investing in the crypto world isn't that much different investing in the "real" world, they all follow fundamental rules.

1. Every investment comes with risk, no matter how certain you are.
2. With point 1 being said, do your research. Research the teams of the ICOs you are interested in, read their white papers, have at least basic understanding of the crypto world and see if you have faith in the products that the ICOs are bringing to the table. The more detail you have, the lower the potential risk you need to endure.
3. Once you have done your research and are aware of the uncontrollable potential risk, know that the higher the risk, the higher the reward. So, are you a safe player or do you have the financial freedom to "go big or go home"?

It’s not “that much different” it’s “completely different”. Investing in ICOs is as risky as many equity option types and even riskier than most penny stocks. Here’s what you’re missing..most everything in crypto currency is based on future hopes meaning they tout technology they simply don’t have. Think about it, not even Bitcoin is close to being fully established yet (it just recently implemented the LN and now looks like a payment system yet again). The very few Alts I like (IOTA, ADA, GameCredits to name most) all have inherent flaws and a lot of kinks to work out. Bitcoin is the only coin to have handled such massive incoming and outgoing payments..and had issues. How about when the other coins start to gain such popularity? An alt IMO needs two things ..1) too be used for a different purpose than BTC 2) has real world value. You can now drop 98% of ICOs after those two rules. As a licensed advisor I don’t recommend taking OPs misguided advice.

BitcoinHodler

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HODLing is an art, not just a word...

Quote from: longhair0418 on March 01, 2018, 11:18:52 PM

Investing in the crypto world isn't that much different investing in the "real" world, they all follow fundamental rules.

but it is VERY different from some real world investment. there are similarities, there is no denying that but for example you can consider shares of some company in stocks market versus an ICO. that company has to actually exist have some value and be doing something for real so that it can create shares and sell them to people so when someone invests in that company they are not investing in thin air.

but when it comes to an ICO it doesn't have to be a real thing, there is no company, there are no teams, it can be literary one person copy pasting code and doing absolutely nothing, and none of them deliver ANYTHING in the end. they are just pure thin air that people gamble on..

balrog

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Basically you are wrong . ICO's are not similar with real world investment start-ups. In real world project must provide investors with a full complete and true information about project , in order every investor to be able make a right desicion about it . And if project didn't provide all required information or it was faulty , investor can apply to the court to suing his funds . In this situation investor protected by the law . And what we have with ICO's ? "Hey dude , we got your money ! You are so stupid , man . Next time you have to be cleverer Grin

" .

Sergeymedia

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All experienced investors understand that not all ICO are scam.
We communicate in this forum and together we can understand where scammers work and where good ICO projects

Hellobx

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The Experience Layer of the Decentralized Internet

Not all ICO projects are fraudulent projects, there are still many excellent projects, and when you search for their code in gtihub, you will find some excellent ICO projects.

surfinonmyownwavebaby

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Decentralized Ecosystem for User-Generated Content

Dude nobody said all ICOs are scams, we just say that majority are. Not that they are outright scams btw, that is probably a smaller percentage. But majority fail to follow through on their promises and that is as good as a scam in my books. If they gave it a valiant effort that is different, in these cases I am referring to a half willed effort.

Jasper Crypto

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There some frauds that's a fact.

But if you just do good research there enough good coins that solve problems and have a real future!

ROB18

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Off course not all ICO's are scams, there are so many legit ICO out there. The only question is who is going to succeed or loose in the game. I love ICO's as it is like ideas who pop-up that will be beneficial to the marketplace.

princesspoppy

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Not all ICOs are scam, but there are also some ICOs which turn out to be scam. They get investment from investors who believes in their project but at the end, these ICOs runaway with the money/crypto they get from their investors. But there are also some instances where there are people using names of some ICOs who spread frauds. They are the ones who are scamming people and investors who believes in the capability of these ICOs. In order to avoid being scammed, we should be responsible enough in knowing what kind of ICOs we're involving ourselves into. We should know every detail in this project; read the white paper, know what kind of group this project has and know how you'll earn profit with this project. This are some ways for us to prevent/avoid scammers to take advantage of us.

Charlie0299

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Because now blockchain is in the early stages of development, 99% of the projects will ultimately not succeed, so most of the ICO projects are of no value

Kippah

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Well there are three categories of ICOs.

1. Outright scams... the people behind the project didn't ever intend to build something.

2. Highly unlikely to succeed. The team has an aim to execute the project but because they are too optimistic or even delusional they do not see that it is not viable or even needed as a product on the market. But their intentions are per se good.

3. Real projects that would get pther funding if not ICO, for instance venture capital or business angel funding.

Help me with the research on ICO investor behavior, if you invest in ICOs fill in this short anonymous questionnaire. Thanks, cheers and may the force be with you!

https://tilburglawschool.eu.qualtrics.com/jfe/form/SV_3sCWmLd0wY1OK3P

arpon11

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It is not all the ico that is a scam and we should know that ico is not a scam but many scammers are using the channel of ico project to scam people. From https://coinmarketcap.com and you will see many coins that has been listed that are doing very well and some time ago we all promote them here. I am happy when I promoted a project here last year and this same project is doing very well now in the market. We are looking at how cryptocurrency enthusiast will help in putting some policies in place that will help the whole system.

gunungkembar

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Quote from: tdeannova on March 01, 2018, 11:50:20 PM

actually things happen is not a fraud, but they are wrong choosing ico which makes itself stuck in a project that has no future. they already understand that investing in crypto has a very high risk, it's just that they are not careful and think that investing here is easy.

yes I agree with this statement, preferably before choosing ICO should look from team, whitepaper, roadmap and source code from github if they are clear and really make ICO then it is in make sure it is not a scam.

LeoEspansq

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Quote from: longhair0418 on March 01, 2018, 11:18:52 PM

Investing in the crypto world isn't that much different investing in the "real" world, they all follow fundamental rules.

1. Every investment comes with risk, no matter how certain you are.
2. With point 1 being said, do your research. Research the teams of the ICOs you are interested in, read their white papers, have at least basic understanding of the crypto world and see if you have faith in the products that the ICOs are bringing to the table. The more detail you have, the lower the potential risk you need to endure.
3. Once you have done your research and are aware of the uncontrollable potential risk, know that the higher the risk, the higher the reward. So, are you a safe player or do you have the financial freedom to "go big or go home"?

There are projects that with good ideas and innovations will get support in the market, while others simply lose this competition and go into oblivion. So the most important thing is to see this side, and it's very difficult, and then already and take risks. But even in a positive outcome, the profit may not be at all the one you are counting on.

Mrs Troll

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There are still too much profitable projects but today you need to inspect them with more care and choose only few. The best profit you get with blockchain projects (infrastructure platforms) that been offered through whitelists only with proof of care or something like this. Chosen project should be also mentioned in "ico tables" of top blogers (Ian Balina, Gobone and so on) for success, thats already enough.

Distinctin

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No dream is too big and no dreamer is too small

Very well said mate, let's us not get tempted with the hype as in the end we will suffer if the project will not grow anymore or will go dark.
There are a lot of ICOs nowadays so it's necessary that we do some careful analysis and never trust only with few projects as that gives a high risk to you, learn to diversify so you can also minimize the risk.

Newboybb

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In fact, I still think most of the ICO project is a fraud, because most of the time these projects simply and blockchain has nothing to do, I will investment in these projects, because the ICO is a big market, so these tokens are still lucrative investment gains.

tdeannova

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actually things happen is not a fraud, but they are wrong choosing ico which makes itself stuck in a project that has no future. they already understand that investing in crypto has a very high risk, it's just that they are not careful and think that investing here is easy.

longhair0418

jr. member

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Investing in the crypto world isn't that much different investing in the "real" world, they all follow fundamental rules.

1. Every investment comes with risk, no matter how certain you are.
2. With point 1 being said, do your research. Research the teams of the ICOs you are interested in, read their white papers, have at least basic understanding of the crypto world and see if you have faith in the products that the ICOs are bringing to the table. The more detail you have, the lower the potential risk you need to endure.
3. Once you have done your research and are aware of the uncontrollable potential risk, know that the higher the risk, the higher the reward. So, are you a safe player or do you have the financial freedom to "go big or go home"?

Topic: For those who think that all ICOs are scams - page 2. (Read 220 times)