Topic: Over 90% of ICOs are a scam - page 31. (Read 4251 times)

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.

That was a really big number and it made me afraid to invest in ICO projects. Airdrop jobs often have a lot of fraud in them. So is my strategy and involved in signature campaigns and social media campaigns to earn extra income. From there, I could invest in the altcoins with the money I earned from the bonus campaign.

This is because the scam is bigger now, many investors have two minds because of this. it may be of interest to you.

However, some experts argue that ICO is a legitimate way to raise funds because tokens are promised access to services in the future once it is launched.

In addition, founder and CEO of CommerceLlock, Nicholas Gregory said that many fraud in every financial system, because it is too easy for critics to point out errors in technology. After that, investors will also take risks by buying tokens offered through ICO like buying equity.

So, %10 of ICO's are legit. You must find the hidden gem there. I know some ICO's that only allows whitelisted people to invest and then make huge gain in exchanges. Try to look out for them, if you can find a good one you can even make 100x in one ICO. I agree that most of them are scams but the point is to find the best one. Do your own research.

I completely agree with this many icos will eventually reach a price of zero and will disappear but to think 90% of the icos are a scam is huge mistake, since the founder of another coin said this I will say this is a way to try to get more investors to his coin, after all how many other people have said ETH was a scam only to be proven wrong again and again.

It will always come down to you, if you are really willing to risk your money on some ICO you don't trust.

Maybe this is real statistics. But today we can not influence this, because there is chaos in the ICO industry. Our main goal is to learn how to choose good and quality projects. This ensures profit.

As you are saying 9% ICOs are scam like they will run away with people's money. Other than this there are alot scam ICOs which probably won't run away with user's money but they just run ICO for namesake and in inside they won't develop any products which were promised before. They keep on fooling with users emotions.

I'm not sure if that's statement is correct. Only those people who put some amount on Icos are mostly the ones who's saying that. But for those who are giving their hard work in participating Icos (did not use their money) are the lucky ones which they received rewards for free. So this statement is false.

I think you should say 9% of ICOs are scam, like one out if ten is fake, the other are just dropped during the process due to lack of fund and some are not successful during its PreSale and main sale.

I don't think so. Though I have read, over 46% ICOs fail. Large number of them are scams but 90% is very high and unlikely.

You have only mention one example of an ICO that suspicious to be a scam project and you're saying ninety percent of ICO is scam?
Com'on  my friend, you should provide a long list not just one name.

Is that for real? 90% of ICO is scam? i think it is too exaggerated. Anyway risking an investment in an ICOs are higher compared to a already established coin project in a market. But together with high risk it also has big chance of getting higher profit. So it is one of the reason why there are still many people invest in ICO despite of chances of getting scammed.

According to stats more than 47% ICOs failed which started last year so the Ethereum founder isn't too wrong in saying that more than 90% ICOs are doomed to fail/scams. If these ICOs couldn't survive one year than how long do you think they will survive in the future with this cut throat competition happening currently in terms of development.

I think Mr. Vitalik Buterin statement is too much as I can consider it as a strong word to punch their competitors in digital currency. This is business, he is just protecting his community to patronize his ethereum rather than looking on not proven projects. I can't imagine a 90% are scams...maybe a few were scams and others were failed to make it. But I seen many potential projects in this batch of ICOs as this will create a good profits in the long run. You need to do your own research. If your doubt then don't invest in ICOs just wait once it launch in the exchanges as some coins price will be lower than ICO price.

hi guys, im new to icos but i realized that most of the times i cannot buy as much tokens as i want.
I read about this MKK POOL (discordapp) yesterday, they organize kind of a pools for pre-sales?
Has anyone heard of them? Any experience? Are they trustworthy?"

i see your point and i raise, over 95 percent of icos are scams. luckily we have regulations now.
i hope all scammers will be put in jail. we don't want to live with them at same place.

I think that every good project at the begining was seen in a certain way as a scam, as a promise that will never be accomplished.

Every little thing in our life has a percentage of risk. Here this percentage is very high.

There are projects having good ideas that failed to develop them due to lack of experience of the team, marketing, etc, and projects that indeed are scams and built as so.

According to this link: https://news.bitcoin.com/46-last-years-icos-failed-already/ 46% of the last year's icos have failed already. Were they all scams? Not entirely sure. 

The base line is still the same: invest as much as you are willing to lose.

I would not and can not say over 90% of ICOs are scam because i dont have a valid data of it and if someone big said something about ICO, it can be true or false, we need a valid data before making a conclusion.

ICO is a high return and high risk investment. Having a good idea, good team, good founder, and great partnership will not make that project going successful, it just reduce the chance that the ICO is a scam, and if the criteria i mentioned before are considered great for some project, then the project must be a real deal. But the result of the project after the ICO depends on the team and their work.

Lets take an example, i can not say VLB is a scam project, because they have made their ICO on last year but they didnt receive the cap and they returned all the money to the investor (it is around 4m usd i believe), it is definitely not a scam because if its a scam then they wouldnt give back all the money to the investor. But the problem with an ICO project is there will be a succesful ICO and some are not succesful enough like the others, and when people make a bad decision over an ICO and loss their money, then they see this as an scam act, in fact it is not, it is just an ICO who is struggling to make their project come to life. So that is why you need to learn the project, giving VLB as an example, they pass all the criteria easily (whitepaper, founder, team,partner, realistic cap) and has a big potential to be succesful as an utility token.

And the trend recently is that people is being a fool who can be scammed easily by some random account claiming that he/she is a support manager from ICO a or ICO b and then transfer the money into this scammer wallet, and guess what, the sender doesnt even know he is scammed and thinks that he invested to ICO a or ICO b and then claiming that this ICO a or ICO b scammed the sender.