Topic: Is it safe to participate in ICO's? - page 60. (Read 15597 times)
Because of the lack of regulation, the barrier to entry for setting up an ICO is pretty low. Unlike the massive information disclosure required for an IPO, an ICO has no such compliance mandate. This benefits legitimate ICOS and their investors, but has also led to a number of offerings that could be considered scams. One Example is MCAP token launched by Gainbitcoin. Total Scam!!!
have there ever been any cases when people got sued for trading cryptocurrencies?
Depending, if icos is not proven scam then it is safe to follow icos, but all you need to do if you want to follow icos is you have to be careful and check icos first.
ICOs in general is not safe. Many ICOs coming out each day and it even gets harder to choose which to ICO to participate. Many are scams. For me the deciding factors are the project itself and the people behind each project, do some research on those. ICOs are risky but when it turned out good, this may lead you to richness.
Is it safe to participate in ICO's? Participate in ICO is a big risk, which must be reduced to zero. We need to study projects, white papers, road maps and other documents. You also need to check the team's work experience, project registration and more. This is a very difficult job.
Do the research needed and it will be as safe as most. However there is the chance that the ICO can take a crap and you lose all the money you put into it sadly.
Investing in any type can only give you two kinds of results. It's either you win or lose. If you think ICOs is more than giving you good returns than losing a small money then you can go ahead and invest. Anyway you can't win in any investment if you don't try to gamble with it.
To invest in ico's or any other cryptocurrency is to eventually trade it and later on try to increase your holdings. I'll be the first to confess that I've bought some tokens based on information but it's hard now, with so many new tokens that appearing, some of them are good or scam.
If you fall in a good project and team, it is kind of safe to say. But if you are asking ICO in general. I doubt, too many ICOs and I am sure not all of the are honest good. Too many also fell to ICO scams. You need to study the project and everything about it before deciding to put your investment on them.
For me and ICO should be a safe and sound Investment, But it's undeniable that every investment requires more or risk but we have to manage it properly. Firstly, you have to make up your mind with a good planning in order to deal with it very carefully.
Before choosing an ICO project, We need to evaluate some basic step very carefully, we need to know about the ICO through the website, Basically, roadmap and whitepaper should be read very carefully so that we can easily get their point of view and their vision.
Reading ANN and Reviews of regarding ICO would be helpful for making clear about the vision any ICO project. Along with that, We have to look carefully at the developer's profile and team members. that's the way we can make a profitable investment by joining in an ICO. otherwise, it could turn a loose project to us.
Before choosing an ICO project, We need to evaluate some basic step very carefully, we need to know about the ICO through the website, Basically, roadmap and whitepaper should be read very carefully so that we can easily get their point of view and their vision.
Reading ANN and Reviews of regarding ICO would be helpful for making clear about the vision any ICO project. Along with that, We have to look carefully at the developer's profile and team members. that's the way we can make a profitable investment by joining in an ICO. otherwise, it could turn a loose project to us.
Since the ICO is a project of investment so that you have to make sure about some specific criteria, I would like suggest some step that you could follow for choosing ICO platform,
At first, you have to check it out about the developer team's profile and their vision along with strategy. carefully read the website content especially the roadmap and whitepaper.
Secondly, you have to go through the ANN thread and Bounty thread and the other content, you have to be clear what will they do and what they want?
Finally, Checking out the staff, conference activities, Social network campaign, those could be helpful for selecting a safe and sound ICO project.
At first, you have to check it out about the developer team's profile and their vision along with strategy. carefully read the website content especially the roadmap and whitepaper.
Secondly, you have to go through the ANN thread and Bounty thread and the other content, you have to be clear what will they do and what they want?
Finally, Checking out the staff, conference activities, Social network campaign, those could be helpful for selecting a safe and sound ICO project.
You must understand that all projects that promise big profits are very risky. Therefore invest in ICOs only the money that you can afford to lose. But I know from my own experience that it is possible to earn very well with ICO investments.
The issue is that most people want to obtain huge profits and this means they begin to throw their money to some of the most weird projects, this is why we have seen regulations coming to icos and while I do not like regulations the ico market has gone out of control.
It can be safe if you do great research before participating in ICOs that we will be successful and there are many ICOs that is really safe. Because good ICOs are building good community such as telegram, slack, reddit, facebook and other social media. Always be alert on choosing for the right one for to ensure all scammers.
You must be careful with what you invest. I'm a victim of a bad ICO because of a lack of experience and did not do the necessary thorough checks. And ICO scammers are everywhere. So be careful, be vigilant.
You can to all here we are talking about but no 100% guarantee for nothing! Yes here exist some mechanisms to check it but again without any guarantees! Sometime it necessary looking on it on philosophical way!
Such projects can bring you big losses. But also these projects can be very profitable. It all depends on what you choose the project. You should carefully analyze each project before you invest.
Most ico project are scam, to avoid this you should follow some professional ico investos. Learning how to analysis an ico from them, rating ico.....
Even there's a lot of ICO's came out and few of them are scam there are still safe to participate in ICO's because in ICO's you joining and investing to it, is there possible can grow your coins and and when it become successful it might be the reason to bright your future, also there's a always risk in investing but if you take it there's possible that you can win or lose coins.
ICO is an investment, and investment is always the risks that need to be managed. To begin with, you need to develop your own money management, estimate how much you can earn about and what a chance to lose everything on this deal. After you can evaluate the ICO itself, that's about what I draw attention to:
1) Read the website content ( road map and whitepaper)
2) Read ANN thread and bounty thread the content and the other comments
3) Find reviews, advice and project reviews from reputable people and projects
4) Search who are the staff
5) Evaluate the content, activity, number of project participants in social networks and instant messengers
6) Evaluate the idea, originality, availability of the finished product and how much they want to raise money
1) Read the website content ( road map and whitepaper)
2) Read ANN thread and bounty thread the content and the other comments
3) Find reviews, advice and project reviews from reputable people and projects
4) Search who are the staff
5) Evaluate the content, activity, number of project participants in social networks and instant messengers
6) Evaluate the idea, originality, availability of the finished product and how much they want to raise money
It is always risky to invest in unknown products. Just like non-ICO investments. Recently there was an ICO where the guy just shut the project down and ran away with people's money. From the very beginning he wanted to scam people and get some money. No matter how promising the project might look there's always a chance that you can get scammed. Unless of course if Elon Musk or Bill Gates are backing that ICO.
If you analyze the situation well and choose good, promising projects, you can get a good profit. I like to invest. I read a lot of analytics, watch videos and make a decision. Very satisfied. If it is patiently chosen, then it brings good money.
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