Many ICO / altcoin scams? | Bitcointalksearch.org

SarangWallet

member

Activity: 411

Merit: 10

Quote from: ATSgrowth on September 22, 2019, 04:54:08 AM

Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.

Most of those who know crypto like crypto. But the crypto problem ends with deception of course no one likes it.
It is very unfortunate if it is managed by people who like to commit scammer, so that public confidence in crypto decreases, and this will make crypto prices down.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: cryplion on October 24, 2019, 05:00:48 PM

It's our own responsibility to protect ourselves from scammers. Scams are everywhere and we can't just rely on others.

This is an undeniable fact but while experimented users can do this without even thinking about it there are many enthusiasts of cryptocurrencies that are still relatively new to this market and cannot do that effectively, so what we can do for them? And the only thing that comes to my mind is to give them reasonable advice about what they should expect when they invest in altcoins, but despite this advice I'm sure that most will not take it because their greed will blind them to the truth and they will lose money as a result of their actions.

cryplion

jr. member

Activity: 201

Merit: 1

It's our own responsibility to protect ourselves from scammers. Scams are everywhere and we can't just rely on others.

llecrf

jr. member

Activity: 420

Merit: 1

The crypto market is growing rapidly, we can see new exchange projects, then the exchange disappears and brings many crypto assets like Bitpaction.
The free market provides a good space for fraudsters, but now that fraudsters dare to post their photos and data on social media, I believe there are still many good people in crypto who are honest and trustworthy.

Kezacky

member

Activity: 746

Merit: 10

https://axiomapay.com/

yes I agree with you that this is a free market and applies to anyone who wants to join in it. crypto has a large space so don't be surprised if there are more dishonest people inside here. so as a user must always be vigilant in every action you want to do here.

sends1

jr. member

Activity: 756

Merit: 1

I think investing in ico does have a high risk, if you choose the wrong ico, you will lose your money. Must analyze the project first before investing

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: reality18 on October 19, 2019, 10:49:46 PM

2018 recorded high level of scam and unsuccessful projects in crypto and this has been one of the major banes to the smooth progress of most of the original projects on the market now because some investors are now afraid to invest. It is always good to perform research on the project before investing in them.

This is the reality of this market, if a substantial amount of icos were successful you can be sure that despite the bearish conditions that we found in 2018 there would have been plenty of investors willing to risk their money in those new projects, but that is not what happens, what happens is that most projects are scams and the few that are not are most likely condemned to fail so it is very reasonable that investors have been avoiding investing in icos since then.

Burogh

member

Activity: 644

Merit: 10

COVIR.IO

Quote from: gabbie2010 on October 21, 2019, 02:25:20 PM

Quote from: ATSgrowth on September 22, 2019, 04:54:08 AM

Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.

But unfortunately the dishonest people in crypto world had overshadowed the honest ones thus painting the system in a bad light, moreso making the ecosystem more riskier for investment I quite agreed with you on protecting ourselves against scam possibly by investing with the amount of money we afford to lose so as to be on a safer side.

Indeed, we should protect ourselves from scams by doing research on a project that we will invest in. We cannot depend on other people or government authorities because there is no clear regulation of new projects in the crypto market. But with IEO, at least investors can come back to believe that new projects need to be sold at the trading investors' place

supercanada1

sr. member

Activity: 798

Merit: 253

Quote from: gabbie2010 on October 21, 2019, 02:25:20 PM

Quote from: ATSgrowth on September 22, 2019, 04:54:08 AM

Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.

But unfortunately the dishonest people in crypto world had overshadowed the honest ones thus painting the system in a bad light, moreso making the ecosystem more riskier for investment I quite agreed with you on protecting ourselves against scam possibly by investing with the amount of money we afford to lose so as to be on a safer side.

Still, the number of such fraudulent is increasing and therefore it is best to not even think about trying out new options. I really don't get why people choose ICOs and stuff when they can go for bitcoin or ethereum. If a person is serious about earning profits with the help of digital assets and opportunities, he should not waste his time on new projects. I honestly suggest to put efforts in bitcoin.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: ATSgrowth on September 22, 2019, 04:54:08 AM

Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.

But unfortunately the dishonest people in crypto world had overshadowed the honest ones thus painting the system in a bad light, moreso making the ecosystem more riskier for investment I quite agreed with you on protecting ourselves against scam possibly by investing with the amount of money we afford to lose so as to be on a safer side.

Bananington

sr. member

Activity: 1470

Merit: 428

Quote from: Aying on October 21, 2019, 03:08:56 AM

We know that all investors now are afraid to invest on ICO projects without good quality services and products. but most of ICO projects are great. one thing that might look them scam because of not succeeding of what they aim. lots of users now are finding a thing of a project that looks interested and most of ico project didn't have that so we do not blame other investors if they not believe it.

2018 wasn't really easy for crypto investors, this is so true. Many people got frustrated after being scammed by different ICOs, some will have hype but yet at the end of the day will scam investors who believe in the project. Sometimes I wonder why there is no regulatory board to at least approve a new project before giving authorisation for token sale. Let's see what the future brings anyway, IEO on reputable exchanges really helped reduce scam a little this year.

doomistake

hero member

Activity: 1400

Merit: 571

Quote from: Philomina on October 21, 2019, 01:01:12 AM

Absolutely, everyone should think of security and safety first when venturing into cryptocurrency. Don't be deceived by many projects that claim to be real or have good team, extensive research must be carried out by anyone who wants to succeed in this space.

Like you will see it coming, lol.

Scammers won't tell you that they are going to scam you, you'll back out for sure, and everybody else, that is the reason why they use all of their wit to get your trust for you to invest on them, give them wealth, then they will run at the end, too classic.

Colt81

sr. member

Activity: 630

Merit: 265

Quote from: ATSgrowth on September 22, 2019, 04:54:08 AM

Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.

There are really a lot of investors and bounty hunters who complains about ICO projects due to scams that makes to stop participating in ICO projects. Cryptocurrency is decentralized that no one could control it, that is why everyone has a freedom to do everything that they want that other people have been doing illegal activies like scam and etc. But i hope it should be stop because it is ruining the image of cryptocurrency.

Plinteng

jr. member

Activity: 286

Merit: 3

https://goldeth.io/

Quote from: Aying on October 21, 2019, 03:08:56 AM

We know that all investors now are afraid to invest on ICO projects without good quality services and products. but most of ICO projects are great. one thing that might look them scam because of not succeeding of what they aim. lots of users now are finding a thing of a project that looks interested and most of ico project didn't have that so we do not blame other investors if they not believe it.

but I think more projects fail and might look bad compared to good projects, I don't see a lot of really good ico projects in every aspect including well-functioning products and multi-professional teams / developers. most of them are bullshit.

btcdie

sr. member

Activity: 784

Merit: 251

maybe now investors will turn to the IEO project, because it is more secure and profitable. IEO is now a trend and many investors are forgetting ICO. very pitiful at this time, some of which ICO projects are real.

actually it is easy to anticipate investors becoming victims of ICO scams. we as bounty hunters have the right to fight scam projects, such as informing everyone through social media platforms such as tagging, for example "#ICO_SCAM #NOT_REAL # FV*K_PROJECT" Grin

ongkok87

sr. member

Activity: 1120

Merit: 256

This has been happening for a long time, but more and more fraud lies in 2018. There are many fraudsters who easily make a new project every time they finish with a previous project. due to their success in 2017, they made 2018 and in 2019 they still found a cheating project too. This is all because the lack of supervision of the developing project makes them easy

Aying

sr. member

Activity: 784

Merit: 251

https://raiser.network

We know that all investors now are afraid to invest on ICO projects without good quality services and products. but most of ICO projects are great. one thing that might look them scam because of not succeeding of what they aim. lots of users now are finding a thing of a project that looks interested and most of ico project didn't have that so we do not blame other investors if they not believe it.

zidanw

sr. member

Activity: 1162

Merit: 258

1xbit.com

Quote from: ?? on ??

Quote from: Philomina on October 21, 2019, 01:01:12 AM

Absolutely, everyone should think of security and safety first when venturing into cryptocurrency. Don't be deceived by many projects that claim to be real or have good team, extensive research must be carried out by anyone who wants to succeed in this space.

It's not easy to be sure even though their team is genuine because some scam projeck also put the original team and in the end also a scam. now we better not invest in any ojeck if we are not ready for losses. due to the fact there are also many who lose large amounts due to invest in the ICO or IEO project

If you are interested it is better to choose a project that has been listed on the exchange because it already has the original price at the time of sale with a bonus offer besr but when the listing price drops to 90% it's the same. I have several times encountered the project with this and it is clearly detrimental to investors who already believe in investing but are at a disadvantage

pepper_hot

newbie

Activity: 99

Merit: 0

yes, surely many of them scams, but not all, we can see very good concepts on those project and every time we want to think of that, hawk network project has a ideal concept and i followed that, you can take a look on that as link below https://twitter.com/Hawk_HKC/status/1185539270456553472

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: Savemore on October 21, 2019, 01:16:46 AM

Quote from: asus09 on October 20, 2019, 06:06:32 AM

Quote from: DonInvestor on September 22, 2019, 05:54:27 AM

According the report in the article https://medium.com/@sherwin.dowlat/ico-quality-development-trading-e4fef28df04f more or less 81% ICO turned out scams. This is data from 2018 year but to be honest trend is predictable.

Higher percentage of ICO scam above 81% ICOs project listed or not on exchange market are scam, some ICO scam without listing with exchange market and woner have run away without give feed back for investor to get profit, almost ICOs project scam by listing with shit exchange and have lower price than ICOs. How long you hold ICOs coins price still down and never touch how price on ICO time.

Low volume altcoins can be considered as scam altcoins. There is no market participants and it is the reason why we should never buy altcoins that you think a scam. The result of our wrong decisions is a loss.

The results of our ignorance is losing our valued money, we all needs to bring more engagement with projects that we are willing to support, don't invest with shitty/scummy projects that will only lead our investment to suffer. Most of the time people who take time studying and researching take a bigger slice of opportunities around this market.

Topic: Many ICO / altcoin scams? (Read 1935 times)