Topic: For those who think that all ICOs are scams (Read 217 times)
In addition to my own research, I like putting my money into ICO's that have some reputed advisers in the advisory board. That is because I believe that they would have done their own research before letting the ICO use their name as they have a reputation to maintain.
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.
buy most of the time.ico projects offers you heaven and the content of every details about the projects are legit,scammers are aware of what the real one should do the copycat project released as original.no one wanted to be victim of scammers so never blame someone from trusting them for income 
In 2017 47% of ICO investments failed.
This is not bad for me at least more then 50% is legit and people who invested in them gaining their profits.
This is not bad for me at least more then 50% is legit and people who invested in them gaining their profits.
So everyone who invested in the 50% that didn't die...made profits? Sweet! But false.
ICOs are synonymous to crowdfunding or kick starter, they are far different from IPOs of stock market where are already existing company although there are some ICOs from existing companies like Cappasity ad Docademic these companies existed almost 3 years and need some funding to further develop product and services but there are also ICOs that are built for concept and need funding to materialise that idea, there are more risk involve in this kind of ICOs
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.
Exactly, its risky. Just because they failed doesn't = scam. That's why I hate the blanket 90% are scams I see floating around these boards.
In 2017 47% of ICO investments failed.
This is not bad for me at least more then 50% is legit and people who invested in them gaining their profits.
This is not bad for me at least more then 50% is legit and people who invested in them gaining their profits.
I agree that investing in an ICO project is a risk, but these risks can be justified in making a profit. Of course you need to be careful when choosing a project, because as we all know certain projects - scammers. Now the market has something to choose from and there are sites and groups of telegrams that simplify our search.
Not all of the time. The chance of losing your money may be greater than the chance of gaining profit. There are plenty of scams out there which makes it hard to tell which project would be good and profitable in the future. Just by looking at the current market, it can be seen that there are numerous coins that probably wouldn't prosper in the future. The same can be said with ICOs because they are too numerous and some projects are already of the same kind.
Not all ICO's are scam nor all are genuine. We have to study a lot of things to know about any ICO and then we can decide about a particular ICO. We have to study the whitepaper which gives us a lot of information about the company and their future plan. Then we have to check the team working behind it and their experience to handle the projects. Then we have to check the viability of the project, can it be sustain in long run.
Not all ICOs are scam but few of them are scams, for example, MCAP token. Even though this token is listed and trading is on. But parent company of this token Gainbitcoin broke all mining contract and forced all users to get payout in MCAP @ 30x higher price. So ultimately users got 1/30 of their investment. Now they have launched a different website to cheat new set of customers. It is difficult to judge a scammer.
Despite all the shortcomings of the ICO, this activity is very useful and necessary for the development of the crypto currency. Not to say bad about ICO, however they create good tokens, which have specific functions and bring considerable comfort and convenience to people.
Definitely not all ICOs are scams. Many have proven to be while many others have proven not to be. That's the reason every investor must properly research project before putting more into it to avoid being scammed. All ICOs are not scams but you got to be wise to escapepotential scam projects.
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"?
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"?
Although you argue that every investment carries risk, cryptocurrency is unregulated with makes the investment far far far more risky than ipo investments. I cross reference all team members to make sure they're not legitimate. If their website doesn't even mention team members or their ohotos are unprofessional I immediately move on. Best bet is to cash out initial investment once you have made some gains.
Let us all remember that crypto investment is risky by nature. In the case of ICO, investment is way more risky than those cryptos that are already available/listed in the market. Of course, in ICO, you are investing in a crypto that has not yet listed in crypto markets and there may be a possibility that the ICO will fail. It's really tough but if you will just research and investigate how legit and potential this ICO may be, then that'll be fine.
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"?
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"?
your points are legit. All ICOs are not a scam, some of them are. Same as with kickstarter campaigns or any other new projects outside the crypto industry. Find a good project and you will be happy investor.
US Gov bonds are virtually risk free. Unless we go to war and most of us die or something close to..maybe then they default (1 example). You guys are misguided. 99% of the ICO's are all idea based. Flashy, sexy sounding wording etc etc...but in reality most are a pipe dream. I'f you aren't making something happen soon..people will dump your coin. I've read nearly half of last year's ICO's are essentially dead. Bitcoin is the only GOOD bet in crypto right now...period.
Higher the risk..higher the reward does not apply to ICO's and that doesn't even make a lick of sense here. Well...Bitconnect supporters said the same thing for a while...they were KINDA right...until they lost all their money to the FIRST exit scam BCC pulled. They are all equally massively risky and if one is riskier than another than it's a bad project.
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"?
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"?
your points are legit. All ICOs are not a scam, some of them are. Same as with kickstarter campaigns or any other new projects outside the crypto industry. Find a good project and you will be happy investor.
I try to asses bounty campaigns on these points. I think it's useful to use this also for ICOs:
1. Does the project have a good white paper?
2. Does it have a professional website (It's astonishing how many projects want to raise millions, but fail to invest in a good site)
3. Active community and managers? (telegram, twitter, facebook, github, bitcointalk)
4. Roadmap
5. What is the purpose of the project? (originality, feasibility, short-term goals, long-term goals)
6. Tone-of-voice / language (bad english, arrogance, unprofessional, etc)
It's not water tight, but it may help...
1. Does the project have a good white paper?
2. Does it have a professional website (It's astonishing how many projects want to raise millions, but fail to invest in a good site)
3. Active community and managers? (telegram, twitter, facebook, github, bitcointalk)
4. Roadmap
5. What is the purpose of the project? (originality, feasibility, short-term goals, long-term goals)
6. Tone-of-voice / language (bad english, arrogance, unprofessional, etc)
It's not water tight, but it may help...
I don't agree with the statement that all ICO are scams. Look at coinmarketcap.com. There are more than 1500 coins, most of which are ICO projects.
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"?
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"?
Please know that I am using my sendable merit for the first time today because of this post. I don't care if I am sending it to a newbie or a legendary. I do it because the post is a quality one. It seems mine is the first merit of this guy/gal.
Anyhow, this post is a bull's eye. People from all over are complaining about ICOs as scams. ICO is not a scam. ICO is a unique and effective way for start-up projects to gain the necessary amount of capital they need in order for their vision and goals to hit the road. With this being said, ICO participation is not like joining a sweepstakes wherein everything is all about luck. ICO participation is all about choosing the best among them, the most promising.
I think most of these developers are scamming people but don't know, what they are doing is very wrong, I know now they are using alot of clause in their terms and conditions to prevent them selves, but what they are selling to people is a useless tokens which is just for specualtive purpose and no real use. Mostof these people are just collecting money from people because tey know people will specualte on their tokens
I agree that investing in an ICO project is a risk, but these risks can be justified in making a profit. Of course you need to be careful when choosing a project, because as we all know certain projects - scammers. Now the market has something to choose from and there are sites and groups of telegrams that simplify our search.
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.
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"?
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.
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..
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 
" .
" .
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
We communicate in this forum and together we can understand where scammers work and where good ICO projects
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.
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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.
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!
But if you just do good research there enough good coins that solve problems and have a real future!
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.
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.
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
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
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
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.
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.
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. 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 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.
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.
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.
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.
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.
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"?
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"?
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