Topic: ICOs are a legit or Scam? - page 71. (Read 32174 times)
We know that almost 70% of the ICO are scam,some companies' goal is to scam and the others is only because they did not achieve the soft cap they aimed. The thing you need to do to determine if the ICO project is scam or not, is do a research. Try to research about their development team specially their whitepaper. Other bitcoin-ers strategy is they only join the company once the soft cap is achieved. Some companies are obvious scammers, you;ll know immediately if they're scammers or not.
Legit ICO is like finding water in a huge dessert because when you thought that you see a water, it is just basically a mirage that was formed. Same can be applied to ICOs that you thought it was the one and legit but it was really a scam right from the start.
There are bad ICOs and there are very legitimate ICOs
you can find ico list here www.listico.io
you can find ico list here www.listico.io
There are legitimate ones and there are fraudulent ones. The catch is not all real ICOs end up successful, a lot of it still fails. This is the reason why investing in ICOs is even more unsafe than investing in coins. Investing is just by the means of pump or dump while joining ICOs have 3 possibilities. It could be real and successful, real but unsuccessful and fake. There is 67% chance that you will lose money and only 33% chance of gaining. That's the sad reality.
Your basically gambling when you join an ICO sometimes it will pay off well but sometimes you will lose a lot of money.
Sadly most of them seems to be scam. People are creating fake projects to gather people's money and then get away with it. Personally first thing i check is the team who created the ICO. I search them online and check their previous business experiences. If they are well know people or they participated in successful campaigns before this is a big plus. Because that kind of people afraid of losing their reputation.
It depends. Some are scams and some are legit. There's no surefire way to know but sometimes the signs of a scammy ICO is as bright as day. Just be sure to do your research as much as you can, and see what people have to say about the ICO. Just be sure to do enough research that you'll be able to decide for yourself and not someone else's opinion.
I always support ICOs which have a real business, the team behind. Projects, which working during 1-2 years, not 2 months before ICO
Most are scam but some of them are real startups that just need money for their idea
i think it's legit, some of ICO perhaps scam, because the purpose to make the developer to get much money, but not all of them, sometime ICO also good to be invested in. need many references to evaluate them to be good or not.
Mostof the ICOs are obvious scam, but there are some good one with high potential. You have to do a research before you invest in something.
How can we know that?
Not all ICOs are legit nor a scam.
Most of the new ICOs are scam projects but not all of them,so you need to do serious research before entering ICOs or you will get rekt.
Some good and some are reall really bad.Cannot tell if an ICO is legit or not.Some are really good in advertising but on the end running away with your investment and rewards.
There are many ICO's out there.But be careful in choosing a project.We may never know if its a scam or not.It is somehow risky.But read on their thread then look out about their team and read about the project too.
So far, no single country has clearly pointed out that ICO is a criminal act.
However, due to the chaos of ICO financing management, a great many frauds really breed.
In China, although the ICO was not defined as a crime, it was actually banned.
Closer to the go, it is because of the chaos ICO project, so when we select ICO, we should do a careful investigation. Personally, I think bankex this ICO project is very good.
However, due to the chaos of ICO financing management, a great many frauds really breed.
In China, although the ICO was not defined as a crime, it was actually banned.
Closer to the go, it is because of the chaos ICO project, so when we select ICO, we should do a careful investigation. Personally, I think bankex this ICO project is very good.
I think it s depend.
I see that a member recommends Clout. The truth is that he is a team member.
Clout, by example, decides to change the beginning of the ICO.
Now, it decides to change the price on the ICO (2,5 dollars to 1 dollar because anybody buy). New investors will have, consequently, a bonus of 250% (1 dollar again 2,5 dollar). Pre investor will have a 20% bonus.
moreover, the end of Ico changes.
ICO as Clout are a scam
I see that a member recommends Clout. The truth is that he is a team member.
Clout, by example, decides to change the beginning of the ICO.
Now, it decides to change the price on the ICO (2,5 dollars to 1 dollar because anybody buy). New investors will have, consequently, a bonus of 250% (1 dollar again 2,5 dollar). Pre investor will have a 20% bonus.
moreover, the end of Ico changes.
ICO as Clout are a scam
Yes. We can trust ICO's but not all. There are few points to be remembered before investing in any ICO. Money invested in ICO is not guaranteed. But there will be some ICO's with potential product and revenues. We can't say that the ICO is legit just by looking at their whitepaper and website. Nowadays it is easy to create website and a shit idea and a whitepaper and make investors believe in it.But we have analyze their behaviour and see if they have professional tone and are managing everything perfect.
Jump to: