ICO is the riskiest investment in the cryptocurrency world, and you must know this before you invest.
But often novices can't tell what is a scam and what is a good investment.
I think it is necessary for the government to take some control, which will better promote the development of the encryption industry.
Topic: Lets be careful on what we are investing - page 62. (Read 52454 times)
Could be an opportunity for the crypto industry to self-regulate.
Just because crypto is de-centralised and free from government regulation, doesn't mean that the industry can't regulate themselves..
I don't pretend to be an expert of any kind in the crypto-world or the various concepts and algo's of which crypto incorporates (probably the wrong word)
Other Industries have self regulated in the past and more will do in the future.
What's to stop cryptocurrencies from doing the same.
Granted, it will take people who are a lot smarter than I am to bring this to a realization, but where there's a will there's a way !!
Just because crypto is de-centralised and free from government regulation, doesn't mean that the industry can't regulate themselves..
I don't pretend to be an expert of any kind in the crypto-world or the various concepts and algo's of which crypto incorporates (probably the wrong word)
Other Industries have self regulated in the past and more will do in the future.
What's to stop cryptocurrencies from doing the same.
Granted, it will take people who are a lot smarter than I am to bring this to a realization, but where there's a will there's a way !!
ICO's are really a big risk for investors who doesn't know what they are investing and they are lack of research before investing.
That's why they ban crypto ads and tried to make some regulation regarding cryptocurrency.
This can be the reason why google and facebook starts to ban crypto ads mainly those ICO's but not bitcoin ads and other legit crypto's.Because of this issues, people becomes scared of cryptocurrencies and thinks that other cryptos that are legit are scams too.
We can't blame those people who are now fearing cryptocurrencies because of this incident but sometimes they should also make themselves accountable for not doing a deep research. We must be very careful and meticulous in investing in criptocurrency, it would be nice to ask in advance to know that ICO is really trustworthy. we know that any online transaction system must be based on trust, trust arises from our thoroughness in studying and filtering from the data in office and out office.
That's true, We should be careful when we decide to invest in an ICO, we should read carefully the project and the whitepaper to understand more about this project, then we can search about the team, if it's a good and trusted team, then we can follow reviews and invest in them, Recently, there are some ICO scams, so be careful guys when you invest.
That's why they ban crypto ads and tried to make some regulation regarding cryptocurrency.It's hard to stop people who make the scam ICO,but as for the investor,we should research it thoroughly,see their background,check if it's real or not.The easy way to decide the project is worth it or not,check if they are willing to pay some people to advertise their ICO,like doing a signature campaign in this forum.
I would be interested to know if kickstarter, gofundme and similar crowdfunding platforms are prone towards being as scamworthy as ICOs are developing a reputation for being.
It might be said that Star Citizen's kickstarter funding program isn't that different from an ICO. People invested millions in Star Citizen and many of them feel as if they never received what they paid for. That's not far from the typical model of the scam ICO which common wisdom says it is good to avoid. Star Citizen might be compared to an ICO which receives more than $140 million in funding and fails to deliver on its promises.
I get the impression its unfair for ICOs to be lambasted with negative sentiment and would guess that gofundme, kickstarter and other crowd funding programs are likely prone towards being as untrustworthy as ICOs are.
It might be said that Star Citizen's kickstarter funding program isn't that different from an ICO. People invested millions in Star Citizen and many of them feel as if they never received what they paid for. That's not far from the typical model of the scam ICO which common wisdom says it is good to avoid. Star Citizen might be compared to an ICO which receives more than $140 million in funding and fails to deliver on its promises.
I get the impression its unfair for ICOs to be lambasted with negative sentiment and would guess that gofundme, kickstarter and other crowd funding programs are likely prone towards being as untrustworthy as ICOs are.
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.would been always part of the risk since we do know ICO investment do really have the tendency on getting failed or scammed along the way.You cant change the fact since there are really people who are greedy which they do all the possible things as long they can able to make money.They do see that ICO are one of the best ways to earn easy money to their investors.Creating a very unique project which can really caught attention but on the other side devs do already have the plans on scamming....
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/
http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/
People should be scared of shitcoins. That's the painful truth! There's so many crypto scams out there that it can be compared to walking on a minefield. To put your money in, profit and get out requires you to take a number of steps on the minefield and chances that you'll blow yourself up are high. People are lying to themselves thinking they can outsmart the scammers and that's how it ends: in tears.
Actually, people should be cautious of anything that looks too good to be true. Take a look at almost every crypto/blockchain project that's launched seeking venture capital since 2017 at least: looking past their initial pricing, and taking into account the sheer percentage that they've shed since their ATHs in December or January, I'm guessing that a lot of people are sweating out huge losses... if they haven't already cut losses earlier (unfortunately adding on the selling pressure to fellow holders).
I'm not saying it's a good thing for investors, I feel sorry for those who genuinely thought they were about to "enter the new era" and only hope people invested with money they could afford to lose. But some words of comfort to those who bought the real McCoys - Bitcoin chief among them - is that this will result in a much-needed pruning of the cryptomarket. Kill the shitcoins so the remaining good ones can grow properly.
We must be very careful and meticulous in investing in criptocurrency, it would be nice to ask in advance to know that ICO is really trustworthy. we know that any online transaction system must be based on trust, trust arises from our thoroughness in studying and filtering from the data in office and out office.
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/
http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/
Oh that is truly hurt if you invest on that project. I try to visit their official website and this is will pop up " This site can’t be reached ". To be exact of money lost is ~$8,823,281 value of tokens sold in ICO. Hoping that all of us will learn in other mistake like this.
It doesn't seem to matter anymore what we are saying. If we look at how many years people have been warned for rogue investment opportunities, it clearly shows that people don't seem to care. I think aside from the newbies constantly jumping into anything they think allows them to make money, the real problem is the changed mentality of the already settled members of this crypto market. I noticed how people are perfectly aware of the risks, and how to seperate scams from legit sites and investment options, but that's not the thing anymore. The main point of importance is that people nowadays knowingly invest in obvious scams, because they think they are early enough to profit before the site or service goes down. How do you combat that? It's impossible....
They can only run away freely with investors money because they can't be traced, no ban or jail term for them. This is why we are going to continue having them around. We also have such in the forum but really checked to the minimum level because this forum is highly regulated.
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.
This is actually a common advise here in the forum, it's sad that people have to repeat this over and over again even though it's a general rule.
So sad that there are some ICOs who are just making money for their own sake.
Let's be honest here, money motivates people which is why I bet it played a big part on how and why those people decided to did an ICO, that's why I don't care if they entirely made it for the sake of money as long as the project is worth it for the investors money and most importantly, as long as they will keep everything they promised.
Because of this issues, people becomes scared of cryptocurrencies and thinks that other cryptos that are legit are scams too.
I do understand that this can affect them but if you have the necessary knowledge and a bit of common sense to process things, you shouldn't be afraid. I mean if you are a weak hand + doesn't know how to use google (gather data) + doesn't have a bit of common sense, then you shouldn't be involving yourself in cryptocurrencies.
Invest in any place should also be careful because it has become a general rule. It is natural that you are afraid of this, too, whatever we do there will be a risk brother, to eliminate the fear, we must be able to trust what we will invest. If we do not believe, only a sense of doubt will bother us. The point is that any ICO would have its risks, it all depends on ourselves in trust. Remember everything will happen in the crypto world, so do not be surprised.
it seems that now many irresponsible people have been on behalf of ICO to reap profits by cheating, we need to know where you invested the first step to be careful indeed investing in ICO is very high risk, be careful in choosing ICO, which I trust only ICO has been proven to pay, usually the new ICO vulnerable to fraud but in part.
ICOs are the most risky investment in the cryptocurrencies world and everybody who chooses to invest in ICO tokens should be doing it with high amount of caution.
When investing in an ICO, you need to make sure that the organizers are well known and have the knowledge to finish the project as planned, because ICO projects tend to fail and most of them won't even complete what they promised.
On the 2nd hand, you need to make sure that the market cap is not too big, because then you won't have enough space to make the profit and it won't worth the risk.
When investing in an ICO, you need to make sure that the organizers are well known and have the knowledge to finish the project as planned, because ICO projects tend to fail and most of them won't even complete what they promised.
On the 2nd hand, you need to make sure that the market cap is not too big, because then you won't have enough space to make the profit and it won't worth the risk.
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/
http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/
People should be scared of shitcoins. That's the painful truth! There's so many crypto scams out there that it can be compared to walking on a minefield. To put your money in, profit and get out requires you to take a number of steps on the minefield and chances that you'll blow yourself up are high. People are lying to themselves thinking they can outsmart the scammers and that's how it ends: in tears.
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/
This would been always part of the risk since we do know ICO investment do really have the tendency on getting failed or scammed along the way.You cant change the fact since there are really people who are greedy which they do all the possible things as long they can able to make money.They do see that ICO are one of the best ways to earn easy money to their investors.Creating a very unique project which can really caught attention but on the other side devs do already have the plans on scamming. http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/
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/
http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/
Jump to: