Topic: Risk of scam ICOs is more during Bull phase - page 2. (Read 675 times)
It is perfectly natural, when scammers come to the place where there is a lot of money. If there is a decline in the cryptocurrency market, then the number of frauds decreases. This is good, because cryptocurrency world is clearing in such a way.
I have to agree with you. During a long bull run, people are in a complete ecstasy and not even paying attention to what are they buying in a particular coin offering. Greed becomes stronger than it should be and we are making riskier decisions which are making our portfolio smaller and smaller. ICOs have a difficult time right now. Investors are afraid of buying, but it has some positive effects as well: they are doing an actual research! Only high-quality projects are able to start their own startup after reaching the soft cap. I am in favor of the current situation, team members can not speculate a lot and they have to build a product in order to gain attention from the public. Teams that are tirelessly improving their platform in time when no one believes in them have a chance to be rewarded in the upcoming bull run. We need some quality, and this is the time when we are getting it piece by piece 
.
.
That's not an easy task to find promising ICO but if anyone tries to analyze ICO before invest and check properly, it's whitepaper they can be able to find promising ICO and they will be benefitted by avoiding scam ICO.
Scammers will always try to take advantage of the investment by fooling the investors. When the price rises, scammers become more active as there is too many investors look forward to invest. Everyone should be cautious about this.
Newbies should be more careful before investing on an ICO during the bull phase. Many ICO offer too much profit but truly do nothing but take away the capital from the investors. No one should be attracted only by high profit.
This is actually bitter truth that people make silly mistake when they cannot control their greed. When market is on the bull phase, people become more interested to invest and scammers try to take advantage of this situation.
Well that is very good observation. I agree with this. And one more thing, it is true that the number of ICOs scams is increasing in bear phase recently. So every phase has become risky today
During the phase of the bull when the crypto market is constantly growing, fraudulent ICOs are definitely becoming larger and this is a fact. We need to fight fraud in the crypt industry and come up with new methods to combat crypto swindlers.
I think that number of scams the same on the Bullish and Bearish markets. But on the Red market chance to realize scam is minor. Because investors activity is very low.
This very often happens. Unfortunately, it is very difficult to influence this. It is necessary to carefully analyze the projects.
Bull phase or not, it depends on a those scammers how will they present and raise their ICO. If their website presentation look very realistic, alive social media accounts and using well known team members faces then someone or many will fall for it. All we have to do is do our own research before investing.
I agree with statement. When bull phase lots of scam ico present. But we need to collect all information about that project when we invested our money...
That is just the basic truth. During the bull market, their is a lot of excitement in the market and this makes newbies fall for a lot of scams as they are very much excited to invest and make massive gains
I don't think so, personally I have witnessed more ico scam in this bear market compare to during bullrun. What is prevalent during bullrun is FOMO, alot of persons FOMO in the the raising coins so as not to miss out on the potential profit, that's not scam
Well we cannot say what would it be . It would be increasing or decreasing but still if it a scammer it would be scam . It is better to gather information to make it more useful to you and avoid being scam as well
Either bull phase or bearish phase, people are scammer because they are greedy or they lack information
If you are greedy, you want to buy a token sold at ico for 0.5$ at the rate of 0.2$
Then when they are scammed, they start disturbing the forum; never go for cheap things
Never crucify victims too
Be smart and always do your own research
If you are greedy, you want to buy a token sold at ico for 0.5$ at the rate of 0.2$
Then when they are scammed, they start disturbing the forum; never go for cheap things
Never crucify victims too
Be smart and always do your own research
Yes, you are right inexperienced people are trying to buy coins.It is very enexpected for the regular user of bitcoins.People must acquire the perfect knowledge about the cryptocurrency and we must take care of rising market.
to be honest with you it is sad but true that you had to deal with scams if you want to do trading on the online world and it increases a bit when the market on bull riding condition yes if we stay aware then nothing can harm us
well it is unfortunate that the users have to face such kinds of situation but it is not complete authority mistakes sometimes because of greed to earn fast and much we make mistakes and allow scam thing on our transaction do we need to be careful and conscious
ICO authority are now very conscious and aware about the security policies so if after that much security such things happen then it is really unfortunate, I think if we stay safe then we can protect ourselves from these kinds of things
Jump to: