Topic: Risk of scam ICOs is more during Bull phase - page 5. (Read 675 times)
This is for sure. If the market is in a bull market, people will have a lot of interest in cryptocurrencies. Many people will get involved. People's greed can ignore all risks before investing, so we must always stay calm.
That is true, it did happen last year during the heavy bull run, a lot of scam ICO proliferated the market, because people saw their money grew over night from the heavy bull run, they got generous with their fund and invested in anything at sight. I think people are wise now, I really doubt if they will greedily allow their emotions to dictate their investment during another bull run. Let's hope humans do learn lessons from history.
Well I agree with you. Bearish period reduces the chance of getting involved in fraud projects. But we cannot wait for this. That’s why security issue should be increased more and people should be more aware.
Yeah it’s true. Nowadays there are many scams in ICO projects. There should be more restriction for releasing ICO projects to make the creators of these projects more serious and reduce scamming. And obviously people should more careful.
This is the season we're you can,accumulate altcoins. But not good for ICO you better think people investing and hodlers are the ones who make a,bunch of money if bull phase occurs.
You are right. But we cannot just sit tight in the bull phase. We have to be more careful and aware before investing on ICOs. Everyone should check the project properly before involving in any investment.
I am agree with you. During the bull period we will see more scam projects from my opinion. They will show mouth watering possibilities which can allure people without experience very fast.
Scam is always a problem for the crypto world. We need to be careful to avoid of being scammed . It’s a good idea to keep alert during investing.
I am agree with you. During the bull period we will see more scam projects from my opinion. They will show mouth watering possibilities which can allure people without experience very fast.
Scammers are always active and they are always hunting for their preys. So people should be careful every moment in crypto world. And yeah too much greed can destroy one easily.
We have seen few scam ICOs. I think during Bull phase when prices are rising every day; people are very much enthusiastic to invest in Alt coins by directly buying from the market and from the ICOs. More and more people then want to buy more and more coins because the price are rising day to day.
So as per my opinion the chances of cheating by scam ICOs are more while there is bull phase and the rising market. So in a greed to become rich overnight, people sometimes buy such coins. Even inexperienced people with greed; enter the market at those times; they become the easy target of such scams.
And during bear phase when the markets are falling; even good ICOs are finding it difficult to attract sufficient investors; so the chances of scam ICOs are low.
But I think we shall always be alert before investing; but more alert during rising market.
people just want to take advantage of opportunities so they buy a lot of coins and I think it really needs to be done only we really have to be careful in choosing coins or ico because we don't really know which one will scam because everything looks convincing So as per my opinion the chances of cheating by scam ICOs are more while there is bull phase and the rising market. So in a greed to become rich overnight, people sometimes buy such coins. Even inexperienced people with greed; enter the market at those times; they become the easy target of such scams.
And during bear phase when the markets are falling; even good ICOs are finding it difficult to attract sufficient investors; so the chances of scam ICOs are low.
But I think we shall always be alert before investing; but more alert during rising market.
Indeed, this is sufficiently genuine and the rationale behind this circumstance is additionally commonsense. In the bearish market individuals simply need to get reach and they need to consider contributing at a brief span, so committing an error in that stage is very sufficiently consistent due to the rush.
people will invest their money without doing research first since they don't want to lose that opportunity, this hype market is used by some projects to catch the Investors to buy their scam token. I think as an investor we must be aware of that situation and not take rash actions, make your own research before investing in a coin or project. I can't believe there is a service for creating a coin less than $100.
Your analysis is really true. So, this is a warning for everyone to be more careful in choosing an ICO. Moreover, if you want to invest in ICO's coins. Nowadays , the scammers are smarter with presenting good looking projects. Just more selective in analyzing a new ICO.
I agree with you. At present scammers are always try to get the hype to enter and their promotional strategy makes all the newbies attracted and when the market started to get a reach all the investor also start investing in such area with their profitable money. We all should aware of this fact and no to do hurry in taking such decisions about investing.
Yes, this is true enough and the logic behind this situation is also practical. In the bearish market people just want to get reach and they have to think about investing at a very short time, so making mistake in that stage is quite logical enough because of the hurry.
people do like the shortest way there is to make money. But in that process we close up all of our senses and we fall into the traps of being scammed. That is why it is important to see the description on the team of the project and to see the number of experts in it.
We have seen few scam ICOs. I think during Bull phase when prices are rising every day; people are very much enthusiastic to invest in Alt coins by directly buying from the market and from the ICOs. More and more people then want to buy more and more coins because the price are rising day to day.
So as per my opinion the chances of cheating by scam ICOs are more while there is bull phase and the rising market. So in a greed to become rich overnight, people sometimes buy such coins. Even inexperienced people with greed; enter the market at those times; they become the easy target of such scams.
And during bear phase when the markets are falling; even good ICOs are finding it difficult to attract sufficient investors; so the chances of scam ICOs are low.
But I think we shall always be alert before investing; but more alert during rising market.
So as per my opinion the chances of cheating by scam ICOs are more while there is bull phase and the rising market. So in a greed to become rich overnight, people sometimes buy such coins. Even inexperienced people with greed; enter the market at those times; they become the easy target of such scams.
And during bear phase when the markets are falling; even good ICOs are finding it difficult to attract sufficient investors; so the chances of scam ICOs are low.
But I think we shall always be alert before investing; but more alert during rising market.
You cant predit which token/coin rises and fall as the crypto market is huge. And you said aabout scam ICOs, do you have some list of scam ICOs so we will see which ICO you are referring to? We can check its graph and their roadmaps, because I am suspecting you are basing it fom short term investments.
Maybe during the bull phase there is more money available to ICOs in general so scams might be more successful. Scams in the bear phase hurt more since economic times were already bad to begin with and people are constantly trying to earn money. But another thing is that sometimes we aren't seeing scams but instead are just seeing poorly planned business ventures. Just because an ICO fails doesn't instantly make it a scam. People should look at past performance and reputation of the ICO team before investing into an ICO.
Greed deprives men from their senses and thus they fall into the trap of being scammed. The newbies are the common victim. And to fix that, they need to be more cautious and less greedy. They are investors, they are here for the long run and not just to make money and dash for it. This sort of mindset needs to be present in them
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