Over 90% of ICOs are a scam - page 16.

BTCITA187

member

Activity: 1176

Merit: 14

Quote from: LazyBitInvestor on June 04, 2018, 09:11:14 AM

Nobody care about technologies of new projects, everybody loves marketing! In my opinion, serious projects should not promote their ICO in social media like Instagram, Twitter, Facebook, etc.
For me - such ads is the first sign to evade these projects.

I can't agree with you. Even projects like Google, telegram, Facebook and others brands that do not really need advertising, usually have a promotion on socila media, TV and other although even Apple advertises its phones through television. Because in the flow of news and other information, it's just hard to focus on something. Twitter, facebook, Instagram, news, Tv show there are a lof of information around us.
Therefore, even Apple is not shy and advertise their products, and this is one of the most famous brands and for beginners, sometimes social networks like Twitter, Facebook is the easiest and fastest way to ensure that people will know anout them. Even a good products need to get a promotion and advertising, so for beginners it's really question of life or death to the project.

LazyBitInvestor

full member

Activity: 350

Merit: 101

Your professional profile on the blockchain

Nobody care about technologies of new projects, everybody loves marketing! In my opinion, serious projects should not promote their ICO in social media like Instagram, Twitter, Facebook, etc.
For me - such ads is the first sign to evade these projects.

jackjackfly

member

Activity: 322

Merit: 10

To buy or not to buy - that is the question ;)

Quote from: dragone on June 04, 2018, 04:00:39 AM

In general I agree, but "students" who do not collect money are less dangerous than scam, which collects millions and disappears with the money of investors. Sometimes the students get something proper and they still run the project. Therefore, 90% is still a very large figure.
We see less direct a scam now, even scammers try to improve their skill and make "scam" better.

I guess the problem is also that we don't know if they really have collected as much as they show on website. I mean yeah it is definitely disaster if a project rans with million budget.
But imagine that they have "drawn" millions, and you aspect for profit but in reallity the team just have several thousands

Token.tv

newbie

Activity: 9

Merit: 0

If you spend enough time researching you will most probably not get scammed. Most of the projects are either a scam or the people behind them are unprepared and uneducated. You should watch out for red flags such as team transparency, quality of the idea itself, roadmap , token economics , and many more. The main things you should look for and are the easiest way to spot a scam are the team and the token economics. If there is no information on the people behind the project - it's almost certainly a scam, and even if it isn't its still not worth the risk. The other thing is the token economics. If they have set unrealistically high hard caps or they haven't described how the plan to distribute the money - it's probably a scam or the team is ill prepared. In both cases, you should stay away from the project. Checking this information costs not more than 5 minutes and is the easiest red flag to spot. Ba careful with your investments and good luck to all.

dragone

member

Activity: 249

Merit: 10

Quote from: jackjackfly on June 04, 2018, 03:01:53 AM

Quote from: dragone on June 02, 2018, 09:04:05 AM

I would not say that 90% of the ICO is a Scam, at least in my experience I can say that about 50% of the ICO is a sScam, but not 90%. You can look at coinmarketcap and the number of coins that you will see there are already crossed to thousand tokens or more.
If 90% of ICO were a scam we wouldn't have seen so many tokens on the market. But half of them turns out to be a Scam, and not necessarily they just steal your money. Sometimes company just can't or doesn't want to go exchange for a long time, and only six months later gets on Yobit. I think such companies are a scam, even if not so obvious, not directly scam, but there are no trades or volume for the token.

In my opinion what they wanted to tell that about 90% of ICOs are worthless. This can be true. As it is not as many well prepared companies for ICO. With enough budgets for marketing, support etc. Most projects are just (let us say) "students" they have great ideas but have no money. And we all know "no money no honey"

In general I agree, but "students" who do not collect money are less dangerous than scam, which collects millions and disappears with the money of investors. Sometimes the students get something proper and they still run the project. Therefore, 90% is still a very large figure.
We see less direct a scam now, even scammers try to improve their skill and make "scam" better.

jackjackfly

member

Activity: 322

Merit: 10

To buy or not to buy - that is the question ;)

Quote from: dragone on June 02, 2018, 09:04:05 AM

I would not say that 90% of the ICO is a Scam, at least in my experience I can say that about 50% of the ICO is a sScam, but not 90%. You can look at coinmarketcap and the number of coins that you will see there are already crossed to thousand tokens or more.
If 90% of ICO were a scam we wouldn't have seen so many tokens on the market. But half of them turns out to be a Scam, and not necessarily they just steal your money. Sometimes company just can't or doesn't want to go exchange for a long time, and only six months later gets on Yobit. I think such companies are a scam, even if not so obvious, not directly scam, but there are no trades or volume for the token.

In my opinion what they wanted to tell that about 90% of ICOs are worthless. This can be true. As it is not as many well prepared companies for ICO. With enough budgets for marketing, support etc. Most projects are just (let us say) "students" they have great ideas but have no money. And we all know "no money no honey"

AltcoinsBattle

member

Activity: 537

Merit: 12

According to my observations, more than half of the projects are listed on exchanges. Of course, not all of these will be successful, and some will be fraudulent. But up to 90% of fraudulent ones are unlikely.
Perhaps somebody collects ICO statistics and later we learn what allocation of successful and other projects.

dragone

member

Activity: 249

Merit: 10

I would not say that 90% of the ICO is a Scam, at least in my experience I can say that about 50% of the ICO is a sScam, but not 90%. You can look at coinmarketcap and the number of coins that you will see there are already crossed to thousand tokens or more.
If 90% of ICO were a scam we wouldn't have seen so many tokens on the market. But half of them turns out to be a Scam, and not necessarily they just steal your money. Sometimes company just can't or doesn't want to go exchange for a long time, and only six months later gets on Yobit. I think such companies are a scam, even if not so obvious, not directly scam, but there are no trades or volume for the token.

dogandogru

sr. member

Activity: 481

Merit: 256

Yes, nowadays many ICOs are fraud. Nowadays many ICOs are launched everyday with the result that there are so many projects in the market. Many of them are fraud projects formed just to scams people. May of them have no idea behind their project, just want to raise money. Actually it has become so easy to start an ICO that even you can also launch it. This is the main reason that why many ICOs are failing.

Kingsraid

newbie

Activity: 266

Merit: 0

well 90% is huge number. if you say this with no data and just based on opinion. then it's not valid

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

90% is a very high number, 50% is real.
And that is why is very important to choose only the 50% best, but it can be very difficult.
The last big scam was HashCard - seemed very interesting.

kcgomez09

jr. member

Activity: 98

Merit: 1

Yes it was but if you did your research for every project i am sure you can choose the right project.

Angemas

member

Activity: 137

Merit: 25

Not 90 percent of ICO are scam but only some might be scam. Only few are scam and we cannot do anything for that. Only we can do is to be careful in selecting an ICO for your investments.

Ra.moomoy

newbie

Activity: 146

Merit: 0

Well we cannot say that you are wrong considering the number of accidents with scammers. However, you cannot just simply say to us to invest in a project rather than ICO because we know the difference of the two when it comes to profit. Yes it is risky but its worth it.

Athenakim.22

jr. member

Activity: 110

Merit: 1

I agree. That's why choosing an ICO to join with is really risky and needs a keen research to their project proposal. Invest in ICO what you can afford to lose after all we dont know what the market bring to us.

befriendmywater

member

Activity: 658

Merit: 10

Quote from: ciacio84 on February 22, 2018, 06:21:55 AM

The founder of ETHEREUM said that over 90% of ICOs are scams. By participating in an ICO, you give your money to a project that probably will never happen. Every day a new ICO comes out ... but what surprises me is that many people invest their savings in these very high risk projects. I think it is much better to invest in real projects already listed on the stock exchange .... of which you know everything well ... For example, BANKERA looks like an ICO scam .....

I do not think it has too many fraudulent ICO projects. It only takes a few and you should not be too pessimistic about ICO projects.
I very often invest in ICO projects and do bounty campaigns. I have never been deceived because I have analytical skills. I think you should learn it to avoid phishing projects.

Dragonrage201

full member

Activity: 630

Merit: 110

It is a big statement to put 90% of ICOs as scam. I think only a small percent are scams but it does not mean all the rest are good projects for investment. Only selected good ICOs with good teams and projects like Usechain in my signature are worth investing in.

DevelopmentBank

full member

Activity: 406

Merit: 110

Quote from: ciacio84 on February 22, 2018, 06:21:55 AM

The founder of ETHEREUM said that over 90% of ICOs are scams. By participating in an ICO, you give your money to a project that probably will never happen. Every day a new ICO comes out ... but what surprises me is that many people invest their savings in these very high risk projects. I think it is much better to invest in real projects already listed on the stock exchange .... of which you know everything well ... For example, BANKERA looks like an ICO scam .....

I believe you mean more of around 92% of ICOs are scams. You have to be really diligent when it comes to investing in ICOs. You have to take into consideration all the variables associated with the company. If there is any doubt about the ICO, then you should probably not buy it in the first place.

Caveat. Don't bet anything you can't afford to lose.

yslyv

hero member

Activity: 1078

Merit: 537

actually i cant say 90 percent are scam. but it is a fact that even the project is not a scam, most of the projects do not focus on produce something or develop their project. they focus on how to make more profit how tomake their coin token more valuable.

Litecoindigger

jr. member

Activity: 103

Merit: 3

Quote from: ciacio84 on February 22, 2018, 06:21:55 AM

The founder of ETHEREUM said that over 90% of ICOs are scams. By participating in an ICO, you give your money to a project that probably will never happen. Every day a new ICO comes out ... but what surprises me is that many people invest their savings in these very high risk projects. I think it is much better to invest in real projects already listed on the stock exchange .... of which you know everything well ... For example, BANKERA looks like an ICO scam .....

Just saying 90% of all ICOs are scam seems not to be very professional.

At least we need a proof, why he says 90% are a scam. 90% of all ICOs are a real huge amount of ICOs. I don't think so many from them are a scam so nobody would invest from onwards. Real scam only 20%, this is just my estimation, I'm clearly saying I have no proof but my number seems to be very more realistic.

Topic: Over 90% of ICOs are a scam - page 16. (Read 4286 times)