How to get back invested money from ICO ? - page 9.

bitcoinFPT

jr. member

Activity: 145

Merit: 2

Quote from: lukenzo13 on November 04, 2017, 02:30:42 PM

Hello, as everyone can see, a lot of ICO's price dropped significantly and founders are not delivering anything, because they don't care. People lost their money and hope.

Is there a way to get investors money back by involving government and police?

What if collective group of investors opens a lawsuit similar like is happening now with Tezos?

when you join a ICO means you risk with your money, you can be lost your money or can get big profit. The best before investing to a ICO you should research all information of this ICO, this will reduce the risk of losing your money

airdrophunter

full member

Activity: 434

Merit: 100

The Exchange for EOS Community

Investing in ICOs are really risky in the sense that we don't know what is going to happen in the future. Things may go wrong unexpectedly before, after or midway in the project no matter how good and promising this ICO seems to be. It takes time to have a research on the company and people involved in the ICO, read and understand their mission whether it is doable or not (so just don't rush). Firm decision is also needed while submitting your money at risk on their hands. Afterall, it will be a big money if this ico succeeds.

Just remember the famous quotation of investment: "Don't invest what you can't afford to lose."

defunctec

legendary

Activity: 1092

Merit: 1000

Tezos is getting sued, and it won't be long until class action lawsuits are launched against other fraudulent companies that are raising tens of millions, or sometimes hundreds of millions, with no intention of ever developing a product. Unfortunately, you might need to be in a specific jurisdiction to participate in these class action lawsuits. Also good luck suing companies that are based offshore in dodgy jurisdictions.

HailTrader

newbie

Activity: 9

Merit: 0

I think there is no way you can get your money back feom those shady ICO. ICO nowadays become high risk for investors. Maybe 20% legit and 80% scam. This is the problem I noticed about ICO as being unregulated. It is easy for the owners to get away with investor's money and no chance of being caught. Hope you'll learn from this. Invest your money wisely.

The Cryptologist

full member

Activity: 546

Merit: 100

Quote from: lukenzo13 on November 04, 2017, 02:30:42 PM

Hello, as everyone can see, a lot of ICO's price dropped significantly and founders are not delivering anything, because they don't care. People lost their money and hope.

Is there a way to get investors money back by involving government and police?

What if collective group of investors opens a lawsuit similar like is happening now with Tezos?

No. I know you've lost a big money but it's your responsibility to check the ICOs before you invest. You know there a risk on coins and some end up to a scam so just treat it as a lesson because these scammers are going to get in jailed in the end once everything gets regulated.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: lukenzo13 on November 04, 2017, 02:30:42 PM

Hello, as everyone can see, a lot of ICO's price dropped significantly and founders are not delivering anything, because they don't care. People lost their money and hope.

Is there a way to get investors money back by involving government and police?

What if collective group of investors opens a lawsuit similar like is happening now with Tezos?

no its not, you have bought their token for your token,

if their token are worth nothing its your problem

they didnt do a contract with you

i am saying that as someone who does an ISO that is trustworthy

i still dont want your money though

regards

Choosewise

full member

Activity: 192

Merit: 100

Quote from: lukenzo13 on November 04, 2017, 02:30:42 PM

Hello, as everyone can see, a lot of ICO's price dropped significantly and founders are not delivering anything, because they don't care. People lost their money and hope.

Is there a way to get investors money back by involving government and police?

What if collective group of investors opens a lawsuit similar like is happening now with Tezos?

Lmao, good luck with that. Should have done your research beforehand.

Beerwizzard

full member

Activity: 924

Merit: 148

Quote from: lukenzo13 on November 04, 2017, 02:30:42 PM

Is there a way to get investors money back by involving government and police?

Imho it will be pretty hard (or even impossible) to prove that devs don't care about the project. They will just say hat something went wrong, they were scammed, ddossed or something else. All ICOs are not regulated, that means that you are not realy investing in the project but investing in the idea of the project that was described at the whitepaper. I don't think that police will do something while developers are at least trying to work on the project.
I would just recommend to remember all team members and make your desicion at peast partly on their trust history.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

this is just the start of threads like this....

people start to realise those white papers are only good for one thing. Public toilets will be full of ico white papers soon.

Look for REAL project with proven durable developers that have already produced working function code with a real use case.

These will be several years old since rome is not built in one day. Yes there were also lots of scams years ago too but their white papers have been flushed long ago.

junoreactor

full member

Activity: 196

Merit: 109

And that's exactly why I think China banning ICO was good news, just like Australia and more and more countries willing to implement regulations is good. Too many scams. 90% of scams is probably an understatement.
Friendly advice, don't be too greedy and try make money differently with Bitcoin and other legit altcoins.
People getting X10 their initial investment in ICO were just lucky.
All the best Wink

xaviervilla

full member

Activity: 350

Merit: 100

Quote from: lukenzo13 on November 04, 2017, 02:30:42 PM

Hello, as everyone can see, a lot of ICO's price dropped significantly and founders are not delivering anything, because they don't care. People lost their money and hope.

Is there a way to get investors money back by involving government and police?

What if collective group of investors opens a lawsuit similar like is happening now with Tezos?

Nope. I dont thnk so. You cannot get back what you have lost already. Just look at it as another lesson in your life thaat made you an even better person.it is a gamble to invest into ICOs so be always sure and try to research as much as you can about a specific coin before investing.

Obi2024

full member

Activity: 364

Merit: 102

The point is that this technology is still ahead of regulation, so some governments are trying to catch up, so even is you get the authorities against the scammers, under which law will they be prosecuted, it is up to you to evaluate the ICO you are getting involved in before putting your money in it and be prepared to take it if you lose your funds.

Javi_Anibarro

sr. member

Activity: 1540

Merit: 282

tBTC - https://dapp.tbtc.network/

i think you can not do that because you can not proof it,
you are sending your money using cryptocurrency,right ?
because of that,it's very hard for them to take an action.many people lost their money because of hacking,stealing and something like that.
but they can not track it because of the criminals using cryptocurrency to send their money.
ICOs is like a gamble or worst than that,
you risk your money without knowing what will happen in the future,
learn from your mistake and never do the same thing again in the future,also if you can track him you can call the police to get them.
(but more likely that will not happen,because of the mixer)

rijaljun

sr. member

Activity: 1274

Merit: 267

Demand controls your coin/token value. You should know when is your money back by reading their roadmap, following their development, and understand the whole technology of the project. You shouldn't ask for return while the product isn't ready yet! We can't only rely on market demands, they are developers that are aimming to deliver a useful product, not a trader, then we need to rely more on demands from platform's users. I think, You, No! We, need to know more about the meaning of investment before asking a return.

Iolanna

member

Activity: 112

Merit: 10

Cryptocurrencies are not regulated yet, so it an advantage and disadvantage at the same time. You can become a millionaire without paying any taxes, as well as you can get easily scammed. So it only up to you where to invest your money, don't even hope to get them back if you invested in a SCAM project.

ahmadakbari

full member

Activity: 602

Merit: 116

If you have invested in an ICO and have been scammed or have bought unvaluable coin, it's your own fault. No one is responsible for the risk you've made and no one can do anything for you.

JollySkipper

full member

Activity: 136

Merit: 100

IN which ICO you have invested?
It is very important before you invest somewhere to read carefully the whitepaper, teams background. Is a high risk investment an ICO but if you invested in a bad ICO you have the full responsibility

svojoe

legendary

Activity: 968

Merit: 1000

einc.io

When you invest some money to crypto you should be ready to lose everything. It's only your own risk.

sourjain

member

Activity: 76

Merit: 10

ICO is high risk gambling so if any of us burnt our hands we should be responsible the regulation is missing in the crypto space till date and we should keep this in mind while putting or staking our money. Put what you can afford to lose in crypto as this is not a stable space till now.

As far as question of putting up law or case this would not be easy at this time as we don't have global system with strong support. What we can do is just be calm and see how this gets progress because many ICO are quite genuine for the problem they are targeting we should give them time to grow and should not act in hurry.

lukenzo13

newbie

Activity: 23

Merit: 0

Hello, as everyone can see, a lot of ICO's price dropped significantly and founders are not delivering anything, because they don't care. People lost their money and hope.

Is there a way to get investors money back by involving government and police?

What if collective group of investors opens a lawsuit similar like is happening now with Tezos?

Topic: How to get back invested money from ICO ? - page 9. (Read 1553 times)