Topic: Over 90% of ICOs are a scam - page 29. (Read 4251 times)
We cant say 90% are scam maybe 50% was designed to scam people but for ico which really have a plan for their project if its faild its not scam but just failed project or failed start up. When we buy on ico we are more likely buying shares or invest on start up and in the real life percentage for start up to be failed also 90% but if we invest our money in the right start up we probably will male a lot of profit from it.
it will all depend on the future projects and white paper of the ICO if that ICO will be feasible for future investments, but i agree with you that most of ICO nowadays are only money grabbing scams cause its the easiest way for scammers to get money from people who are new in crypto who dont know what they are investing .
But, some are just unsuccessful ICOs. The problem is that people don't invest enough time to study the project they invest in. And also IMO, most of the investors know what they are dealing with. They are just getting the bonus and dump as soon as the project is put on the exchange, so that, they can make a sure profit.
Most of them are really unsuccessful yet they didn't return the funds they get and that's the time its become a scam. A lot of ICO's everyday so I think its really hard for the developer to compete in cryptomarket and some of investors are just too busy joining into other ICO. Just be careful on joining ICO's so you will not loss the money you have.
the statement struck me as absurd. ICO is a right thing real and produce. many people have already started to join in the ICO and it showed that the ICO is a definite income and not just a scam anyway. many are already proving quite up to this point much ICO evident and success.
Agree. Not most of the ICO are scam as you said around 90%. I will say 90% are genuine and 10% are scam, that too if the ICO is not successful then they will not run the project further and the ICO will fail, obviously we'll call it scam. Apart from that there are ICO which is really a scam but you need to verify the genuine by checking their white paper, road map etc.
the statement struck me as absurd. ICO is a right thing real and produce. many people have already started to join in the ICO and it showed that the ICO is a definite income and not just a scam anyway. many are already proving quite up to this point much ICO evident and success.
I won't call 90% of ICOs as scams. Maybe a small percent are. However, 80-90% of startups fail going by statistics
so after a few years, only the best 10 or 20 % of current ICOs may still be there.
We can easily be noticed those that are a scam when they can't explain well their project when it seems too complicated from their whitepaper to their roadmap, but there are good projects that are not into scamming, it just happened that they failed to explain and present their project well. I still trust ICO, it will depend on how we analyzed it. so after a few years, only the best 10 or 20 % of current ICOs may still be there.
thats true 90% are scam
They are not fake, they are just not built on a legit idea.
also, the 10% is legit worth pretty much.
These basically startups but getting crowdfunded through ICO
also, the 10% is legit worth pretty much.
These basically startups but getting crowdfunded through ICO
You should not call them scams. Yes there are some scams but failing as business and not delivering is not a scam everytime in my opinion.
I won't call 90% of ICOs as scams. Maybe a small percent are. However, 80-90% of startups fail going by statistics
so after a few years, only the best 10 or 20 % of current ICOs may still be there.
so after a few years, only the best 10 or 20 % of current ICOs may still be there.
Which project must we called a scam? If we are talking about projects that will disappear in 1-2 years, he is right, but the same thing happens everywhere - in real business, startups and so on. Of course, it is does not change the fact that fraud in the cryptowrold is very high.
Seems not really clear, but the ico scam issue is very common. It even has a majority. The ico campaigns have been missing after a while without any resurgence. Has it disappeared yet? Actually there is no pure expression to believe in ico. Recently I have participated in the ico in the bounty, but it is hard to know good ico and that I have not really experienced that.
well, whatever the reality , people just continue with ICO
most of them just hit and run , take a small profit , going to another ico
and continue like that .
actually
investor make that image.
i guess.
most of them just hit and run , take a small profit , going to another ico
and continue like that .
actually
investor make that image.
i guess.
Tobe honest what you said its true but there is ico which really design for scamming people but some ico did a real good project. And almost all ico which collected too much money are scam but if ico only collected their fund arround 1 mill to 5 mill they really did a project and fail project does not mean scam its a risk investing on start up. Look at coinseed its only collected 5 mill hard cap. Look at genesis vision look at aurora dao they really did a project and only collected money what they need. Also next good ico is auctus look at they progress.
Investing in ico involves risks. It can always happen that the project will fail for various reasons. However, it is true that a lot of its is a scam.
Some people are clueless and are depending on luck. They think investing is like gambling which depends on luck (which I never believe in it). And as you said, there are many ICOs which are utter scams. The problem is not within these scammers but with these people who invest.
Added to that, you should not fully believe what the founders say because some founders are competing with each other, thus you will find everyone is promoting his project and attacking other projects in a smart way.
Added to that, you should not fully believe what the founders say because some founders are competing with each other, thus you will find everyone is promoting his project and attacking other projects in a smart way.
It is true that most ICOs have no clear product, so Vitalik Buterin has raised the new calling form DAICO.
While I tend to agree that there are really scam ICOs out there, I would not agree on the figure given. 90% is an exaggeration. It is not really the true number. I think there is no reliable statistics on the matter. If 90% of ICOs are scam, I doubt if there will still be ICO investors remaining right now. There are scams, yes of course but we should avoid blowing the figure up. It will not be of help. Let us instead encourage everyone to bring on a more thorough assessment of the ICOs we consider participating.
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.
I think the more proper word is not 'scam' but fail. They are not intentionally scam their investor, but they start a project without proper research, and thus their project is difficult to be developed, and so many blind investor waste their money in any ICO they found.
But its not rare, not just in crypto in the tradisional business there so many start up, that only last for least than one year, the different is only the investor,
yes, it seems so. I also agree with you, not only in the crypto world but also in traditional business too. We can see many traditional businesses that fail because the entrepreneur or team is not considering everything well. So even in the crypto world.But its not rare, not just in crypto in the tradisional business there so many start up, that only last for least than one year, the different is only the investor,
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