Over 90% of ICOs are a scam - page 18.

bisdak40

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Quote from: Shutup on May 12, 2018, 06:14:51 PM

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 .....

Yes l dint know why there are lits of scammer now.They dont give the payments of people.They dont even think the effort and the expectations of the poor people expecting on their small amount if payments on their bounty.But l know and beleive that whatever you sew you reap.Theres another day for us to bless by God .So we have to continue beleiving that we can have the best blessing in the end.

OP mean that people invest in an ICO which 90% of ICO is a scam. We are millions here in the forum and not all of us here are educated enough about investing in cryptocurrency. That is why we always see people getting scam because investors lack the knowledge on how to invest or it might be the other way around, scammers are on the level up. We will be having a hard time distinguishing scam ICOs from legit ones.

Shutup

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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 .....

Yes l dint know why there are lits of scammer now.They dont give the payments of people.They dont even think the effort and the expectations of the poor people expecting on their small amount if payments on their bounty.But l know and beleive that whatever you sew you reap.Theres another day for us to bless by God .So we have to continue beleiving that we can have the best blessing in the end.

DjTremor

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Quote from: grchina on May 12, 2018, 03:11:56 PM

I am not very much sure about the percentage. It might be wrong but the message that it is giving to all of us is absolutely correct. The number of scams has increased recently and it is far greater than the last year. Untill we get some serious regulation in crypto area ico scams will keep happening

In terms of laws, 90% of them just can't be scam. If you call failed projects as scam, then it might be true for several projects as you know. Expecting fast profits from ICOs is not fair.

Some people are angry just because their expectations didn't turn real.

gracer88

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I also think that at the moment it's better to buy the necessary tokens already on the exchange or buy altcoins that are already traded on the exchange.
so you have a better chance of not losing your money.

JohnnyDaMitch

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Vitalik has never said that, i do not understand why there are a lot of threads saying that all the icos are scam nowadays, the only ones which are scam are those who do not have team, a proper whitepaper, and a lot of other stuff.

grchina

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I am not very much sure about the percentage. It might be wrong but the message that it is giving to all of us is absolutely correct. The number of scams has increased recently and it is far greater than the last year. Untill we get some serious regulation in crypto area ico scams will keep happening

olumyd

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Quote from: baricuri on May 12, 2018, 03:03:26 AM

Quote from: TCTDev on May 04, 2018, 03:08:39 PM

Many projects die not immediately, but for several months after the launch of the project. I'm a little bit upset because I see how good ideas die.

Nowadays ICO is created for the purpose of misappropriating other people's property, so do not be sad about this. Please focus on improving your knowledge for potential ICO project analysis. You will avoid unnecessary risks.

It's hard to tell how sustainable a project will be if it's all about potential. I think what most projects have is weak long term and long range prospect. They only see short term benefits, it's surprisingly malicious to see some projects have their roadmap end after few months of ICO crowdfunding.

baricuri

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Quote from: TCTDev on May 04, 2018, 03:08:39 PM

Many projects die not immediately, but for several months after the launch of the project. I'm a little bit upset because I see how good ideas die.

Nowadays ICO is created for the purpose of misappropriating other people's property, so do not be sad about this. Please focus on improving your knowledge for potential ICO project analysis. You will avoid unnecessary risks.

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Quote from: bohr on May 04, 2018, 04:34:06 PM

Quote from: SummerBliss on May 01, 2018, 08:26:27 AM

Where I don't believe in regulations on cryptocurrencies, I strongly support regulations on ICO conduction. While investing in already established cryptocurrency, an investor has many parameters to analyse before investing. But while investing in an ICO where projects and companies can be easily faked and there are no parameters available to analyse, it becomes difficult for an investor to make a right choice.
Right now, due to unavailability of any kind of regulation, many of the ICO coming are fake and scam. But I doubt if the number is 90%. It seems like most are a scam because many fail to raise anything and thus, calling their ICO off. But that doesn't mean that they are a scam.

I agree that the numbers seems to be inflated, it is impossible that 90% of all the icos are scams, what happens is that there are many unprofessional projects out there which come from people that do not really have an idea about how to conduct an ico or a business and so it eventually fails and this may give the impression to some that the number of scams is higher than it really is.

Mostly are scams well if we will include it all aspects failure to not reaching their cap, problem with network, team, etc. that may affect the ICO reputation as a result a start of strong downfall but it is only small percentage of a failure to comply with what they are doing. Scam ico are more intentionally if you will invest you have to check it by your own and get additional opinions from ico reviews sites for free.

bohr

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Quote from: SummerBliss on May 01, 2018, 08:26:27 AM

Where I don't believe in regulations on cryptocurrencies, I strongly support regulations on ICO conduction. While investing in already established cryptocurrency, an investor has many parameters to analyse before investing. But while investing in an ICO where projects and companies can be easily faked and there are no parameters available to analyse, it becomes difficult for an investor to make a right choice.
Right now, due to unavailability of any kind of regulation, many of the ICO coming are fake and scam. But I doubt if the number is 90%. It seems like most are a scam because many fail to raise anything and thus, calling their ICO off. But that doesn't mean that they are a scam.

I agree that the numbers seems to be inflated, it is impossible that 90% of all the icos are scams, what happens is that there are many unprofessional projects out there which come from people that do not really have an idea about how to conduct an ico or a business and so it eventually fails and this may give the impression to some that the number of scams is higher than it really is.

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Quote from: Walter789 on May 04, 2018, 09:45:28 AM

Maybe after a 6 month that I will never receive any altcoin in ICO maybe I agree with and I also saying that you are right that almost 90% of ICO are scam. But this time even I actually finished my first bounty campaign that I was joined and still waiting for the my altcoins maybe I should still wait. Because I believe that anyone expecting about scam is not quite true. I'm stiil hoping that after a months of waiting I will receive my rewards.

Concerning the bounty I believe the OP was somehow right cause some bounty are uses to scam people. However, I checked the bounty you signed up and you're suppose to receive your signature bounty stakes every week while you get the others at the end of the campaign. You can PM the campaign about the stakes though.

olumyd

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People are only diving into blockchain and slipping the idea of decentralisation into their technical documents to appear as if they need the technology without considering if they really need blockchain to solve the problems they perceive. More so, others only fancy the simplicity of crowdfunding through ICOs.

AzamNurWahid

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

The founder of ETHEREUM said that over 90% of ICOs are scams

can you give me real proof if ethereum founder says if most ico scam?

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

but what surprises me is that many people invest their savings in these very high risk projects

because ico is the best way to get many benefits but we also have to be careful in choosing an ico because not all ico will give us a very big result in the future

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Quote from: Vit83 on May 04, 2018, 11:29:22 AM

I probably would not even call it fraud. It seems to me that most of the ICO are not qualified enough to deal with the millions that suddenly fell on their heads. They are not enough responsible and there is no understanding that money is not enough to collect, it is necessary to make a product for this money.

I think many investors are already thinking more intelligently through this forum. campaign managers have also been more careful in choosing projects so the risk for owners who intend to scam can be minimized, the main problem is not the scam, but the ICO targets do not go smoothly so many projects are stuck and do not develop, including complicated distributions.

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Quote from: Primal6666 on May 04, 2018, 02:37:49 PM

The trouble with many projects is that they have no idea why they need a blockchain

The thing is that almost every sphere of our live can be linked to blockchain as a universal and secure payment method.
I personally monitor projects related to improvement of the system of transactions (as it happened with Lightnetwork), introduction of blockchain into gaming, medicine, data storage and some others.
Such projects seem to be really profitable in terms of investment as they really SO THE FUTURE Wink

TCTDev

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Many projects die not immediately, but for several months after the launch of the project. I'm a little bit upset because I see how good ideas die.

Primal6666

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If we talk about fraud, I completely disagree with him. The trouble with many projects is that they have no idea why they need a blockchain and very often screw it to the project because it's in trend and they want to collect a lot of money. The result is obvious, without a clue how to work with crypto-currencies, these coins often go to another world without revealing their potential

meatygeiger

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If that is true then can you show some proof because people must believe it is scam.

Vit83

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I probably would not even call it fraud. It seems to me that most of the ICO are not qualified enough to deal with the millions that suddenly fell on their heads. They are not enough responsible and there is no understanding that money is not enough to collect, it is necessary to make a product for this money.

hieuho381

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yes, it is true that most of ICOs nowadays are just scam, ICO is actually easy to be done then real world fund raising because we don't need real product, so it is good choice for scammers to use this trick investors who want to have profit, moreover the profit from investing in an ICO is too big that investors can not quit from it but keep investing in ICOs depite they know how much risks an ICO can be.

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