Yeah, it's so sad that people are taking advantage of other people's gullibility and ripping them off. A friend of mine lost a lot of money in an ICO that he didn't do his due diligence on. Even if you research it fully, how can you ever know if it is legit? There's not a lot of validation around now in terms of security. We need a way of actually being able to protect ourselves, like collateral on a loan. There's a reason why banks ask you to declare your assets. They want to be able to come and take them if you don't pay up. Maybe we should have a similar process for ICO's? That way they can put their money where their mouths are.
The problem is, most times the amount of money going into these things is much higher than the net worth of the people behind it.
Topic: Lets be careful on what we are investing - page 42. (Read 52415 times)
Investing is a very risky part in this kind of industry better to do a research on what you want to invest before you regret later some of ICO's now are scam choose the good one that you want to invest to avoid scam
Cryptocurrency investment is very risky but one thing is clear that aggressive investment gives huge profits also. If you are patient and have the courage to bear this worst situation, crypto investment is the best place for your money. No other business will give you such a big profit as bitcoin but it is obvious that you will to cool if the price does down.
I have given up on investing in any ICO project, although I know that not all ICOs are fake, but I don't want to use my hard-earned money to invest in such projects!
That goes without saying with the amount of scams and poorly organized programs.
Make research on whatever you plan on investing in. The team, roadmap, track record, product.
Make research on whatever you plan on investing in. The team, roadmap, track record, product.
I agree with the fact that one must be very careful when investing in projects. Thoroughly check the project and invest yet a small amount of money since there are very few honest projects now.
I concur that we should watchful in purchasing our contributing ICO's on account of there are times that a few undertakings are fizzled or tricks. That is the reason I exhort that each individual who needs to purchase or put resources into digital forms of money must know to be watchful before purchasing our putting resources into any ICO's. You can know a few hints and methods for knowing whether it is a trick or genuine in by investigating about it and perusing in dialogs. That way you can decrease to be defrauded.
You really need to be careful when investing your money. Especially if it will cost you a lot. If it seems suspicious, better not try to risk it. You may doubt at it first, but if it will cost you nothing, well good for you. But if you really insist it, you may suffer the consequences. So better take care of your investment. As much as possible, never invest if you cannot trust the people.
Good, sound advice for anyone new, and anyone not so new in crypto. Almost any project that anyone invested in during the "quiet" period of 2016 or even from the middle of last year would have returned a fair bit of profit to most people, but that lulls you into a false sense of guaranteed profits. Remember the basics of investing, that you only invest what you can afford to lose. And that you should always do your own research.
Of course, it helps to have a list of "pre-screened" projects like we do at AmaZix, where we only partner with projects we feel are viable not just business-wise, but in tokenomics and application. Even so, this is no guarantee of success.
So it's not easy anymore... not that it ever was.
Of course, it helps to have a list of "pre-screened" projects like we do at AmaZix, where we only partner with projects we feel are viable not just business-wise, but in tokenomics and application. Even so, this is no guarantee of success.
So it's not easy anymore... not that it ever was.
The cryptocurrency ecosystem needs regulations a lot, many ICO's these days are not what they claim to be. Majority of them are fake projects and this has made many would be investors scared of investing in projects they see these days. We all need to do in depth research on the projects we want to invest in before we make the bold move to invest in it.
Agree with this, there's a lot ICO out there and most of them are scam in the future. Many projects that after tokensale/crowdsale/ICO were only aimed to be listed on the exchange and then the project it's self got abandoned. This is why many old tokens were now useless or worthless.
The cryptocurrency ecosystem needs regulations a lot, many ICO's these days are not what they claim to be. Majority of them are fake projects and this has made many would be investors scared of investing in projects they see these days. We all need to do in depth research on the projects we want to invest in before we make the bold move to invest in it.
All investments have a risk with different levels, not only on cryptocurrecy, not only on a matter of a gold investment has its risks as it is to do the investment to study and learn what we're going to deserve a little more.
The market is a lot of scams. Please select filter information for your own.
Yeah you are right that there are many scams in the market, therefore one should observe the project carefully and then invest in it. I suggest that one should invest only in exchange coins which have credibility in the market. Anonymous coin may destroy your investment. It is important to know where we are investing and what would be future of it.As much as it's important to dyor on any investment., this should not be blown out of proportion. Every business has its own risk, so if you're not prepared for both sides of the risk, you should be trading stocks. Just because it's cryptocurrency, we are expecting a smooth ride all through, every investment comes with its own risks, and cryptocurrency should be be treated like any other
There are many scam coins in the market which are not listed in exchange and investing in those currencies means losing your money. Don’t invest your money in any anonymous coins and select always a reliable and exchange listed coins. there are many Altcoin which are very profitable and the prices are also very low. You can invest in them after checking their projects. Read this several minutes ago. We must be vigilant on what we are investing and must do some research or study first if the project that we wanted to join is legit or not. So sad that there are some ICOs who are just making money for their own sake. Because of this issues, people becomes scared of cryptocurrencies and thinks that other cryptos that are legit are scams too.
http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/
There are lots of cryptocurrency out there including projects and ICOs and I’m very sure that they are close to a thousand or maybe more than that and many of them are scam (not just many, but most of them) So whatever anyone is doing now they got to be very careful, especially newbies cause they are the ones that fall for these traps and later they will start blaming it on Bitcoin and saying it is a scam.😒 http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/
i rather say lets be careful on where we are investing.
there are so many SCAM ICO now and it is not a joke.
2018 is not a good thing for investors as many team are running with money.
If you are looking for investing of your money into any of the crypto coin and that you have this much of the money in your wallet which you think can then help you in having some good earning, then the most important thing which you have to do is to look for all the possible options and then you have to make the right choice in order to get enough of the profit as investing at the right place will then help you in having enough profit. there are so many SCAM ICO now and it is not a joke.
2018 is not a good thing for investors as many team are running with money.
I completely agree with you! Previously, each ico could gain 100 million in a couple of weeks.Now it can not be done and it's good! Now investors are more vigilant,we are not in 2017.Before I invest in ico I study white paper,team and it is also very important to see them at any conferences .
It's even more important to see the team somewhere at conferences. Developers should present their product not only in white paper. It is better to see real team than read white paper and look for the catch. For example project Menlo.one has not lauch ICO yet, but its team participate in different conferences.
I completely agree with you! Previously, each ico could gain 100 million in a couple of weeks.Now it can not be done and it's good! Now investors are more vigilant,we are not in 2017.Before I invest in ico I study white paper,team and it is also very important to see them at any conferences .
Totally agreed, we must stay vigilant and alert for all possible scams, we don't want to fall victim to them if we can avoid it. The problem is when you meet people who just lead you astray - esp in your first outings into cryptocurrency. Unfortunately whenever there is money involved, there will always be people who will try to take advantage of you.
I think we should be very careful and meticulous in investing in criptocurrency.Many investments scam nowadays therefore we need to be extra careful in choosing the right and legitimate one.Just ask your friend who knows how to invest so that they can help you and bring you to the safest place where you can invest.
This is the case. These fraudsters have destroyed the market order. My friend and I met a fraudster in my first investment. He left the market!
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