ICOs are a legit or Scam? - page 80.

johnny66

jr. member

Activity: 34

Merit: 2

Quote from: bilman on September 25, 2017, 08:14:01 PM

Hi Guys,

Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?

Thanks in advance.

LOL i'm newbie and I know more than you... My advise : if you don't understand how it works, don't invest, it's not for you

pikatju

full member

Activity: 336

Merit: 100

https://wallet.merit.me/?invite=Pikachu

A lot of ICO's are scams. But some are decent and will have a good whitepaper. It is critical to a good product and it shows the effort of the team.
Powerledger has a great whitepaper. I would consider loading up on Powerledger. The ICO is running now and it is super cheap. Check it out here

erjanite

newbie

Activity: 144

Merit: 0

ICO's just any business there are risks. Most ICO's today are scam. Just make sure to do your own due diligence.

diguyo

full member

Activity: 274

Merit: 100

Some are legit and some are scams. You have to look into the project and it's merits and take it on a case by case basis. Don't jump in because something might explode upwards, do your research first - why does the project exist? is it a good solution? is it viable? what's the dev team look like? how long will it take?
There's a lot of ICOs for the sake of it now...a lot of bad investment potential. Choose carefully.

CroDam

full member

Activity: 209

Merit: 100

Yes, some ICOs are scam but mostly behind ICOs are legit projects.

Eugenius2

newbie

Activity: 17

Merit: 0

In order to identify an ICO as a scam you need to have a broad understanding of the market and the blockchain technology. ICOs are not scam. They are unregulated and that's the reason why people can lose so much money and others can make so much.

Here's a small article giving tips on how to analyse an ICO.

Excerpt:
That said if these 4 items are in place, it could be worth investing.

You have read the white paper in detail and it makes sense as a business
There is a demonstrated demand for the product
The business needs a cryptocurrency / token system to perform
You can commit funds without any suffering in your life

The concept of an ICO itself is legit as fuck. Just imagine you want a wolf to lead your flock of sheep, but you're not putting a muzzle on him. He will of course kill your flock over and over again until you taught him how to do his job correctly and he understands it on his own... Or you put a muzzle on him. (Regulations)

fidentiaX

full member

Activity: 187

Merit: 104

-understand the business model of the ICO
-is there a utlilty for the tokens
-how creditable is the team

lastly diversify your investment into different ICOs.

BossMacko

hero member

Activity: 1134

Merit: 502

There lots of ICO and yes most of them LEADS to SCAM, you'll be lucky if you pick the right ICO that will continue with there program. You'll notice some project that are unreality to achieve then that is one sign that the ICO is more likely going to SCAM everyone.

Fluffy Bunny

newbie

Activity: 54

Merit: 0

Yeah, i agree that most of the icos are scam and created only to make themselves rich. As one of the members mentioned above, you have to check their road-map, their white-paper, Their DEV team and then make a decision if it's worth to invest or not, otherwise it's just waste of time..

carlosmg

newbie

Activity: 40

Merit: 0

If some ICO doesn't use transparency mechanisms, to ensure that developers are not creating thousands of addresses to fake the number of users participating on it, then you are at the risk of investing in something with highly centralized supply, and potential scam.

aiwazz

member

Activity: 88

Merit: 10

Trend for making ICO destroyed a bit this kind of investments because was a lot of scammers :/ But e.g. TaaS? Fanstastic ICO

giveen

hero member

Activity: 826

Merit: 1004

You can't determine this it depends on the owners and the team if they are serious about the ico it is legit but if they raise the money and don't deliver what they promised then it is a scam all this is obvious but no one can really determine the nature if the owner has a shady past then it is scam if it's completely new team it's really hard to find out the legitimacy of the ico.

jhonjhon

full member

Activity: 1316

Merit: 126

Quote from: razzbee on September 25, 2017, 08:38:51 PM

Like in everything, There are good and bad, some ICO's are good and very good, others bad, you just have to be careful where you invest your money

Some ICO's become scam because of having an internal problem with the members. And other are totally have bad intentions, they only provide a promising platform but they don't provide it in return. That's why, we should be careful enough in making investment with ICO project or you might loss your money in a minute.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: GrayFullbuster on September 25, 2017, 08:37:21 PM

Quote from: bilman on September 25, 2017, 08:14:01 PM

Hi Guys,

Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?

Thanks in advance.

They say that many of the ICO are scam so I can consider that it is risky to invest our money to the ICO. I prefer to you that before you invest your money to the different ICO you must have a lot of knowledge.

Even though it is risky but still a many are making investments with ICO. Actually it depend on person who are managing the project, because if they know that person is trusted probably they don't afraid of putting their money on ICO and making investment with that certain project.

Momoamzad

full member

Activity: 1022

Merit: 100

$CYBERCASH METAVERSE

Maximum ICO are scam as people say . but who can give 100% surity that This project will not be scam? Better is before investment one should gain a lot of knowledge about the ICO project.

Nawaytes

sr. member

Activity: 476

Merit: 255

No one can guarantee an ICO project will not be a scam, just do your research (your own research) by reading all the descriptions about their project.
You can try to thoroughly understand their whitepapers, their teams, and their roadmaps. If something doesn't make sense to you, it's better to leave.

wantjokull

sr. member

Activity: 700

Merit: 275

I would say 7 in 10 are scam ICO projects and you can predict that from the way they have represented themselves. It was very good business earlier because ideas were new and innovative so that people can believe the project and on top of that they use to make it reality after the sufficient funds have been raised. Now a days people are very greedy about the money and they will just form a fake team and publish the ICO in want that they will raise some funds and run away. So to avoid that to happen with us we should always discuss about the specific ICO on this forum. You can find many discussions going on about the ICO here from which idea can be extracted whether to invest or not.

bravehearth0319

hero member

Activity: 1022

Merit: 500

Quote from: bilman on September 25, 2017, 08:14:01 PM

Hi Guys,

Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?

Thanks in advance.

Well, there are lots of icop nopw are much good than before. Though still majority of them are still scam shit only.
So, we need to be very careful anyhow in choosing ICO that you are going invest in to multiply your capital.

karmamiu

sr. member

Activity: 588

Merit: 351

I personally think that ICOs are most likely scam(but not all the time) maybe some are likely that, although it seems like it was a scheme, investors are already aware about that gamble, that is why before you have to invest into somekind of investments or ICOs, you have to study what project are you going to enter, and be aware of the risks involve before putting that amount.

LouVandetta

sr. member

Activity: 602

Merit: 253

Well, for me, it is legit. But not all of it, there are scams, too.
So far I've only met a few scammed ICOs, and lots of successful one.
I can't tell you which one to invest, since joining an ICO is also risky. Just like you said, legit and scam.

Topic: ICOs are a legit or Scam? - page 80. (Read 32195 times)