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Topic: Over 90% of ICOs are a scam - page 36. (Read 4251 times)

newbie
Activity: 224
Merit: 0
February 24, 2018, 05:12:54 AM
#33
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.
full member
Activity: 280
Merit: 102
February 24, 2018, 05:02:46 AM
#32
Non-Scam projects are very good. In 2017, ICON, ZRX and raiden investors were very well received.
member
Activity: 294
Merit: 10
February 24, 2018, 04:41:00 AM
#31
I participated in 12 ICOs and no one of them was not a scam. Those in which I wanted to participate but could not -also not a scam. So you just need to carefully choose projects.
full member
Activity: 644
Merit: 100
February 23, 2018, 05:20:49 AM
#30
It is well known fact that most ico's  dont cost so much money. Don't have any monetization, use copy of old open source  and cost billions of dollars:)
full member
Activity: 630
Merit: 103
February 23, 2018, 04:48:55 AM
#29
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
full member
Activity: 420
Merit: 100
February 23, 2018, 03:49:16 AM
#28
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 .....
Less, myself participated in some and I will tell you that I did not get what I expected, of course, but it carries and is very interesting. The main thing is to find such a project that has a unique idea and is ready to fight for it by any means, it is difficult of course with such a number, but it is possible.
full member
Activity: 490
Merit: 105
February 23, 2018, 03:31:29 AM
#27
I agree with your idea because after they all collect a certain amount of money, they either disappear or disappear from the center
sr. member
Activity: 924
Merit: 260
February 23, 2018, 03:26:52 AM
#26
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 .....
most of the coins get dump after there are listed in the exchange. Many of the ico project out there are scam and like I have read some were "90% of ico invest cannot not get returned on investment after one year". I think investment in ico projects is good if you believe in ico and you have a long view on the project and if you have in mind that you can invest for long-term.
hero member
Activity: 868
Merit: 500
February 23, 2018, 12:26:06 AM
#25
I don't think running away with the fund is the only scam in the space, but just collecting funds from gullible investors because you think they will give you for a project that will not scale or see the light, alot of these projects are just dreams that will not materials and they keep spending the money given to them when they not fully well that the project won't work
full member
Activity: 560
Merit: 105
February 22, 2018, 08:33:41 PM
#24
Posibly yes that most of the ICO's today that are being launches are scams , because of many ICO's this day , its difficult to choose a good ICO to invest our money. In my experienced once i invest in an ICO , after their crowdsale has ended , i thought that i can gained more profits from that ICO that i invested my money , but i am disappointed that all of our money has been taken away by their developers. And its a big lesson for me to choose the right ICO to invest  , so that i can gained more profits from it.
member
Activity: 210
Merit: 11
♦ SIMDAQ ♦
February 22, 2018, 08:14:33 PM
#23
I dont know how many projects scam. But many projects will not do what they want to do. I think that many projects that are now make ico will be forgotten within 2-3 years. Only a few of them will really survive.
hero member
Activity: 663
Merit: 505
February 22, 2018, 08:14:05 PM
#22
This is known fact. In the market most of the projects are low level scams, some of them are clever scams and only a few of them are legit and survive in 3-5 years. Vitalik started this smart contract business, it was expected. Anybody can write a contract and raise money. Investors have to be smart to stay away from traps.
member
Activity: 140
Merit: 10
February 22, 2018, 07:56:53 PM
#21
You are over exaggerating, the scam is when the scammers go away with your money and the point is that the projects never existed, so 90% is definitely not the truth. 

But definitely many projects can't raise enough funds, even soft cap, although the product/service exist in fact. Scammers are not the right word to describe these projects, these projects are just not successful. In these cases, developers are always making a refund.
newbie
Activity: 252
Merit: 0
February 22, 2018, 01:23:20 PM
#20
ICO's are very high risk investment because a lot of ICO not have government regulation, who's gonna protect our fund? what happen when they run with our money? its all question we have..keep studying, think first and do it..dont invest when you dont know nothing about founder, whitepaper, real business etc.

That is always the best way to check before investing into ICO because ICO is huge risk involved but most of the project are taking action for development. I think they are finding innovative in it.
full member
Activity: 966
Merit: 100
February 22, 2018, 01:12:08 PM
#19
ICO's are very high risk investment because a lot of ICO not have government regulation, who's gonna protect our fund? what happen when they run with our money? its all question we have..keep studying, think first and do it..dont invest when you dont know nothing about founder, whitepaper, real business etc.
hero member
Activity: 2296
Merit: 953
Temporary forum vacation
February 22, 2018, 12:37:39 PM
#18
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 scam is the appropriate word here as scams deliberately want to steal your money. But I agree that 99% of ICOs are not honest and truthful about what they really want to do with the money they take from investors. I mean, most of them do not have products. Most of them do not even have budgets, as in they do not do research to show how much things cost, so they just imagine a number and make that the hard cap.

I agree it is sad to see that people invest money and it is into absolutely nothing. But think about it. Did Ethereum's ICO really know what their funds were used for?
newbie
Activity: 197
Merit: 0
February 22, 2018, 12:33:54 PM
#17
it's correct. I also find that over 90% ico is a scam. and vitalik buterin is right. I have seen a lot of scams ico in the past 6 months. Stay away from these projects as soon as possible. Invest in already active and practical projects
If you want to get big profits, surely you also need a big risk. if you want to do in ICO you have to be careful and careful, if the project looks scam then leave it, but if the project looks promising it would not hurt you to follow it. if you do not dare to take risks then you will never progress in your life.
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
February 22, 2018, 11:30:29 AM
#16
im not agree with these statement, most ICO failed because of lack of support from the community and less project and developer not working hard for the projects, mostly these happens so that you can say its 90% overall percentage, but in my experience in working in this forum i can say not all ICO’s are scam there are legit ones. dont know the figure percentage but surely theres alot.
It's not caused by lack of community support but the fact that a lot of them can't deliver their promise to the investors. Most of them were having non sense business plan and that just like they are working on a dream and it can't be a real thing. Over promise to the investors.
full member
Activity: 854
Merit: 109
Trident Protocol | Simple «buy-hold-earn» system!
February 22, 2018, 11:26:35 AM
#15
It started to multiply very much. As Bitcoin becomes popular, such frauds will increase.
full member
Activity: 350
Merit: 106
Telegram Moderator, Hire me
February 22, 2018, 11:20:29 AM
#14
im not agree with these statement, most ICO failed because of lack of support from the community and less project and developer not working hard for the projects, mostly these happens so that you can say its 90% overall percentage, but in my experience in working in this forum i can say not all ICO’s are scam there are legit ones. dont know the figure percentage but surely theres alot.
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