Over 90% of ICOs are a scam - page 35.

johnsaributua

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Quote from: ciacio84 on February 22, 2018, 07:21:55 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 .....

hello, may i know who the founder of ethereum made the statement (more than 90% ICO is a scam) ?? and may i know the media or links or screenshoot of the statement.

yojodojo21

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Well you should not blame anybody to it. The real problem here is the investors they are not quite enough to be picky when it comes to ICO, it's natural that everyday new coin pops out but what can be a real pick to ICO is the background of the project. If you have heard about VLB about their first ICO that was postponed because the cap was a little bit high but what makes that project and team Trusted is they have refunded all the investment they collect. Investing from coins that are on the stockmarket is very different to ICO. There are coins on the market that are shitcoins so you have to choose either from realistic project or from shitcoins in he market.

jackjackfly

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

well it is not that these projects are scamm ones. But that most of them are start ups without any big investor behind. They just think they can find investitions through ICO. But ICO process itself id pretty costly. That is why in the end they just ran out of resources and on't have enough money for marketing. that's it

DoNotTouchMyTraLaLa

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Quote from: fant124 on February 24, 2018, 01:56:48 PM

there're lots of ICOs nowadays, one needs to be careful when joining any of them, Look through its WP, advisors, connections. Well, I was lucky enough not to get trapped into a scam by investing into VLB. The project's actually working and everything's been okay so far!

I've heard taht their blockchain platform is developed by QBT team (Qiwi blockchain technologies). This exact team was responsible for developing Masterchain

lovenlifelarge

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I hope some good people will list all of this scam ICOs and posted it for awareness along with names of devs. It is a big disappointment for cryptos.

drogba773

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Most of them scams that's true but %90 percent is little bit too much

AirFlame

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Most of the scams are pretty obvious. There is just too many people that waste their money without an in-depth analysis. This is not only for crypto market, in anything about money people are looking for a way to scam people and everywhere there are just too many dumb people. Regulating ICO's would only push the scammers to another area. Somehow the public should be taught.

RAJSALLIN

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Quote from: jinnyjinny on February 25, 2018, 03:22:50 AM

it seems to be true, so many ico everyday, therefore we really need some regulation, to avoid collecting money from investors. Although some investors need to be taught a lesson. no sense in throwing money away without analysis.

When investor analyze (each investor should be doing this before throwing away their money) some ICOs, they need to make sure if the project will goes well and also learning about the dev.
But i agree if nowadays ICOs are too much...

jinnyjinny

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it seems to be true, so many ico everyday, therefore we really need some regulation, to avoid collecting money from investors. Although some investors need to be taught a lesson. no sense in throwing money away without analysis.

BLAST2MARS

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There are a lot of scams but I disagree. It's only between 70%-80% because the 10-20% are those altcoins projects that are doomed to fail. They have a very weak foundation to be successful and it seems like they are just experimenting.

The Young Turk

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DAVID CHAUM's xx coin SALE IS NOW LIVE!

I think it may be %95 around, he's right. There are way too many scams and there is no regulation or control. You must be very smart to not get caught on this scams. I'm very picky about ICO's I make investment. My money is precious. I guess some don't.

Hodlmachine

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Quote from: sucix on February 24, 2018, 01:03:45 PM

Quote from: janggernaut on February 22, 2018, 08:10:17 AM

Quote from: ciacio84 on February 22, 2018, 07:21:55 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 .....

The founder of ETH, do you mean Vitalik buterin?
Can you show us when he said if 90% ICOs are scam?
People should be know if investment on ICOs have high risk.

Ico is involving with etherium and i think it does not make sense if he said that the 90% ico is scam because ico is like his product to increase etherium demand.
So i dont think he will say that but maybe other people.

Etherium new coin ? https://www.ethereum.org/

Oh and yes, 90%+ are scams and 95%+ will run off with 1 mln...

fant124

newbie

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there're lots of ICOs nowadays, one needs to be careful when joining any of them, Look through its WP, advisors, connections. Well, I was lucky enough not to get trapped into a scam by investing into VLB. The project's actually working and everything's been okay so far!

sucix

member

Activity: 154

Merit: 12

Quote from: janggernaut on February 22, 2018, 08:10:17 AM

Quote from: ciacio84 on February 22, 2018, 07:21:55 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 .....

The founder of ETH, do you mean Vitalik buterin?
Can you show us when he said if 90% ICOs are scam?
People should be know if investment on ICOs have high risk.

Ico is involving with etherium and i think it does not make sense if he said that the 90% ico is scam because ico is like his product to increase etherium demand.
So i dont think he will say that but maybe other people.

LEINADbtc

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Activity: 240

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Hm not really...
90% is just a crazy number to be said. I'm not saying there aren't scam icos, but clearly not 90% of all.
Probably around 60%-70%, there are clearly some good icos.

quality.crypto

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Quote from: ramsay snow on February 23, 2018, 04:48:55 AM

although not 90 percent, a big part is scam. everyone is collecting money, making a so-called coin or token, and making a lot of money. then you can not see a project or a working team anywhere. they go on holiday Cheesy

We are seeing some good potential coin and their team seems to be more active after the crowdsale in order to more awareness about the project. When they are marketing the product it is always good awareness about the project. In this way, they will develop the project to the next level.

Wipro

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As mentioned on subject line most of the ICO project scamming their investors that is what happening in the forum and outside. Project digger and all proven this with many people.
You can find truster project by checking white paper information, development team details and their social media accounts. These will definitely exhibit whether they are legit not. Still you font believe them. Invest on token sale when the trusted manger involved in it.

Agathai

newbie

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Quote from: Dansamiv on February 24, 2018, 05:12:54 AM

What is the real reason? You have reason to believe in the spread of news on the net. As far as I know, ICOs are an important part of cryptocurrency and are of much interest to investors. Scam is yes, but I do not think it is 90%. You can join the whitepaper, telegram, website ... to monitor the process and authenticate them.

This is like a joke. I hear a lot of people say ICO is a scam here, but I do not know about it. I will consult this if I invest in the upcoming ICO.

lero34

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In general, I am of the opinion to invest only in proven sources. After your warning, once again convinced of this. I'm doing everything right. Let's see if they turn out to be mozennikami, or all this will be honest

akitha

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Probably, specially if their offer is hard to belief!And mostly ICO's that offer's lending on their project

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