Many ICO / altcoin scams? - page 4. | Bitcointalksearch.org

Marble777

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Quote from: barnes13 on October 16, 2019, 03:15:54 AM

Quote from: gandame on October 16, 2019, 02:20:49 AM

Now i see a lot of new ico many developer are promise to there investor that they get a good profits.
So why some ico after the project success they will be abandon there investor then after the project will become scam?

That's because many projects only want to get the funds they get from selling their tokens without having serious intentions in developing their projects. Therefore, now many ICOs are left by investors because there is no guarantee they will get a profit, even on some websites there are people who sell services to make you an ICO website and also your token for only $50. I prefer to invest my funds to join IEO in several well-known exchanges, because lately they have proven to be trustworthy and also the cost for listing IEO on the exchange is very expensive. From there I can distinguish which projects are serious in developing and which are not.

yes you are right, and that is indeed their initial bad plan. If the developer is serious or professional in their work, they certainly will not leave the project they have built. I also heard about the service and I began to think again how easily someone made a project with only $ 50 and could make millions of dollars from the results of the fraud.

whtchocla7e

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Too many, thousands of altcoins were born and it was not valuable, attracting a lot of money of investors, ... Or maybe that money was not the potential of a dead company.

barnes13

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Quote from: gandame on October 16, 2019, 02:20:49 AM

Now i see a lot of new ico many developer are promise to there investor that they get a good profits.
So why some ico after the project success they will be abandon there investor then after the project will become scam?

That's because many projects only want to get the funds they get from selling their tokens without having serious intentions in developing their projects. Therefore, now many ICOs are left by investors because there is no guarantee they will get a profit, even on some websites there are people who sell services to make you an ICO website and also your token for only $50. I prefer to invest my funds to join IEO in several well-known exchanges, because lately they have proven to be trustworthy and also the cost for listing IEO on the exchange is very expensive. From there I can distinguish which projects are serious in developing and which are not.

Oneandpure

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Very sad for investor if many ICO scam or lower price after listing, for bounty campaign maybe lost much time with doing task without get payment but very sad moment for investor have lost much money, maybe some ICO have failed and scam with less sold coins will return for investor money and give back their balance depend how much they buy or invest with ICO coins.

bitzizzix

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Lately, there have been many ICO scams in Altcoin that have made investors lose trust in ICO because of scams that make investors feel afraid and are afraid to end up with Losses.
there is a possibility because ICO fraud has affected the movement of Altcoin which is currently very alarming.

gandame

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Now i see a lot of new ico many developer are promise to there investor that they get a good profits.
So why some ico after the project success they will be abandon there investor then after the project will become scam?

desticy

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Quote from: red4slash on October 15, 2019, 01:33:55 PM

Quote from: otto93 on October 15, 2019, 01:23:49 PM

You do not like its and you do not know anything about crypto, i perfectly agree with you, anybody that gets to know crypto should be able to understand how it worls and know that its a free zone where each and every one of us should look out for himself just like the popular saying everyone for himself, God for us all

securing yourself means you have to secure the funds you have by having knowledge in crypto and how to invest in, I agree that crypto is a free zone and if you don't like it you can say you don't understand it. but unfortunately those who want to know about investing forget general knowledge about crypto

You can protect yourself in the brick market only with knowledge.
Knowledge of how to properly store your private keys and personal data, knowledge of what types of scam are and how to identify them so as not to fall into the trap, knowledge of how the market functions and what forces affect it. Forewarned is forearmed.

Godstrength

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Quote from: agentx44 on October 15, 2019, 10:32:54 AM

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.

We cannot really avoid such circumstances since ICOs are created with freedom in it. The best thing we can do about it is to be responsible on finding which ICO to trust. Make sure you read the whitepaper and view the history of those people running the ICO so that you can make sure that it is credible enough to trust.

These scam projects will really pop out of nowhere no matter what generation we're at, regardless if it's an ICO's, STO's, or IEO's. It's either they'll end up as an exit scam or a dead project not meeting any of their promises even though they had successful fundraising. We can't even trust a word of mouth from these famous people too, John mcafee promoted a scam ICO last 2018 which is now awaiting court trials. That alone will tell you that you should still do your own research and not rely on news.

Sentiments and emotions drives a lot of what's happening in crypto and we have to play it smart minimize our losses as much as we can.

Seghokendil

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I agree and that is what they must know before joining this crypto world, they must be prepared to accept all risks and all the consequences. and but it cannot be denied that most ico projects are junk.

barabarian1

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yes you are right if we understand the crypto market well then we won't complain much. because fraud in any investment is normal and the risk that we must face. rather than complaining, we should do our research in earnest before joining the ICO. and now there is an IEO that provides security to investors. investing cryptocurrency does require patience in addition we have to be patient waiting for the increase in value we have to be patient with scammers.

red4slash

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Quote from: otto93 on October 15, 2019, 01:23:49 PM

You do not like its and you do not know anything about crypto, i perfectly agree with you, anybody that gets to know crypto should be able to understand how it worls and know that its a free zone where each and every one of us should look out for himself just like the popular saying everyone for himself, God for us all

securing yourself means you have to secure the funds you have by having knowledge in crypto and how to invest in, I agree that crypto is a free zone and if you don't like it you can say you don't understand it. but unfortunately those who want to know about investing forget general knowledge about crypto

TelolettOm

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Quote from: febriyana on October 15, 2019, 10:38:05 AM

I think before jumping in cryptocurrency we must know the risk, the biggest risk is losing money.
So before invest we must have strong mentally, there is still a chance to get scammed, especially in ico.
ICO is free, cheap, everyone can open it,
that is different with IEO, it need verify from exchanges, also to listing it need bunch money. But there is still have any probability to be scam.
So never complain, keep move on!

Everyone already understands I think and about ICO has become a fact that exists today that indeed most of it is a fraud. and they all give a lot of losses to investors. this is very detrimental but this industry seems unable to die but develops to become more advanced to be able to fool many people. just look at IEO now contains a scam projeck

otto93

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You do not like its and you do not know anything about crypto, i perfectly agree with you, anybody that gets to know crypto should be able to understand how it worls and know that its a free zone where each and every one of us should look out for himself just like the popular saying everyone for himself, God for us all

jets567

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Quote from: febriyana on October 15, 2019, 10:38:05 AM

I think before jumping in cryptocurrency we must know the risk, the biggest risk is losing money.
So before invest we must have strong mentally, there is still a chance to get scammed, especially in ico.
ICO is free, cheap, everyone can open it,
that is different with IEO, it need verify from exchanges, also to listing it need bunch money. But there is still have any probability to be scam.
So never complain, keep move on!

Not just in cryptocurrency but any kind of investments involve risks and there is no other way around to avoid it but the idea of reducing the risk is possible by using some strategies, proper research and good decision making.

ICO's was hyped before the bullish market that happen in beetwen of late 2017 and early 2018 when a lot of new investors keep throwing their money on different ICO's and most of them dind't even analyze the projects concept or the team behind it. They probably don't have any idea that there are lot of scammers lurking on this space due to it's nature of decentralization.

febriyana

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Febriyana Muhammad

I think before jumping in cryptocurrency we must know the risk, the biggest risk is losing money.
So before invest we must have strong mentally, there is still a chance to get scammed, especially in ico.
ICO is free, cheap, everyone can open it,
that is different with IEO, it need verify from exchanges, also to listing it need bunch money. But there is still have any probability to be scam.
So never complain, keep move on!

Meowth05

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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.

Well, that is inevitable. If you enter a place where freedom is residing like in this crypto industry then we should expect that there will be some people who are honest and there will be some people who take an advantages upon it. This market can be a good cause and full of fraudulent at the same time hence, being wise is all matters in here. There are some ICOs who aren't good that is why we are supposed to check first or make an research with that particular project before engaging with their activities. So basically, just be smart all the time.

agentx44

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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.

We cannot really avoid such circumstances since ICOs are created with freedom in it. The best thing we can do about it is to be responsible on finding which ICO to trust. Make sure you read the whitepaper and view the history of those people running the ICO so that you can make sure that it is credible enough to trust.

fuer44

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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.

I agree with this statement, that all activities in the crypto world are very free and there is no set at all. including the statement ico which ended scam, it is detrimental to investors and participants, but this is the reality. we are taught to be the strongest in the jungle (figuratively)

ringgo96

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Many complain about fraud at ICO, it's natural, every ico that appears either new or old has lost investor confidence and the chasing of prizes, the crypto market is open freely so we must be clever in preventing the occurrence of sammers, we must find a safe space so investors are safer in playing in the crypto room going forward

Right now there are so many projects that scam and cheat their investors. and this is very detrimental to its investors. I am very sure that indeed the role of the exchanges in particular IEO is very influential with the large number of IEOs being launched and giving a list of the bad IEOs available

GGmith

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that is the fact that crypto space is free for anyone who wants to take part in it including dishonest people, they are very excited to see the wealth of cryptoqurrency, many project frauds, market manipulation etc. so always be careful in putting money in any form of investment.

Topic: Many ICO / altcoin scams? - page 4. (Read 1935 times)