The issue of scam ICO's is getting more prevalent in recent times. This could be vividly seen in the cryptocurrency space as several ico projects are consistently turning pump and dump tokens. This has reduced the trust people have on the cryptocurrency space and potential investors are shying away from the community.
The issue of scam icos has been in the market for years but it isn't until now when we are seeing the consequences of this, no one that is serious about his money is really interested in those coins anymore because they know the very low chances that such coins have of succeeding, so what we are seeing is a renewed interest in bitcoin but only in bitcoin, even good coins are suffering because investors have lost any confidence that they had in altcoins and after what has happened we cannot really blame them. 
Topic: SCAM ICOs, what we can do? - page 14. (Read 7295 times)
You know, it's a sad fact and we can't punish or do anything to those scammers.
Because this is a decentralized market, projects without legal documents are still being implemented and investors are still not protected.
That's why we should really have investment knowledge and should invest in a group. It will reduce the risk of investing in fraudulent projects.
Yes it is true, for the time being there really isn't a punishment we can give them. I can conclude that the cryptocurrency market is a free market where anyone can join and participate. And the existence of this scammer makes investors hesitate to invest in a project because those who have had a project that turned into a scam do not want this to be repeated so I think many investors are waiting for the right moment to start investing again.Because this is a decentralized market, projects without legal documents are still being implemented and investors are still not protected.
That's why we should really have investment knowledge and should invest in a group. It will reduce the risk of investing in fraudulent projects.
The issue of scam ICO's is getting more prevalent in recent times. This could be vividly seen in the cryptocurrency space as several ico projects are consistently turning pump and dump tokens. This has reduced the trust people have on the cryptocurrency space and potential investors are shying away from the community.
There is a lot of ICOs that turn scam and they are too many to mention. That's why some intelligent investor are avoiding this scheme and not taking the bait since they are just a bunch of scammers and making fake promises.
Whenever i see an ICO, my mind keeps telling "It's a scam wasu wasu wasu". Just avoid this scheme and learn more on trading and make a profit.
It is really interesting that as time passes the way people think about something changes radically, I remember that years ago when I saw icos I thought about the developers behind them that were doing everything they could to make their project a success and how difficult and stressful that should be, but now as soon as someone mentions an ico my first reaction is to think about the scammers behind the project doing everything to not get caught and avoid any possible repercussions in the case they fail. Whenever i see an ICO, my mind keeps telling "It's a scam wasu wasu wasu". Just avoid this scheme and learn more on trading and make a profit.
Everyone certainly does not want to be fooled so we but if it happens to us then there is nothing we can do except by submitting what has happened, then what punishment is appropriate for them of course we can only report projects on this forum and maybe later there a friend who helps give a warning if the people on the team make the project back then we can avoid it.
After 2017, it has become much easier to analyze ICOs - by default, everyone who asks for money is considered a scam. The most important thing is to moderate your appetite, there may no longer be such frenzied Xs as before.
Hi, recently so many past-ICOs turned into a scam or a deadcoin.
Is there anything what we can do to punish them? More than 2 years ICOs are scamming us and still people are investing, is this really a world what we want to create?
Just have a little patience because its only a matter of time, soon there will be better regulations hoping by 2020 and there will surely be a more secured fund raising launchpad for new projects tooIs there anything what we can do to punish them? More than 2 years ICOs are scamming us and still people are investing, is this really a world what we want to create?
There is a lot of ICOs that turn scam and they are too many to mention. That's why some intelligent investor are avoiding this scheme and not taking the bait since they are just a bunch of scammers and making fake promises.
Whenever i see an ICO, my mind keeps telling "It's a scam wasu wasu wasu". Just avoid this scheme and learn more on trading and make a profit.
The IEO investments are scam-free and the dangers of ICOs are not possible in the well-known exchanges. For avoiding the scam projects, making a decent investment decisions based on the proper project analyze and right money management for testing the reliability of project before investing can save the investor's time, money. Whenever i see an ICO, my mind keeps telling "It's a scam wasu wasu wasu". Just avoid this scheme and learn more on trading and make a profit.
Hi, recently so many past-ICOs turned into a scam or a deadcoin.
Is there anything what we can do to punish them? More than 2 years ICOs are scamming us and still people are investing, is this really a world what we want to create?
Just have a little patience because its only a matter of time, soon there will be better regulations hoping by 2020 and there will surely be a more secured fund raising launchpad for new projects too Is there anything what we can do to punish them? More than 2 years ICOs are scamming us and still people are investing, is this really a world what we want to create?
There is a lot of ICOs that turn scam and they are too many to mention. That's why some intelligent investor are avoiding this scheme and not taking the bait since they are just a bunch of scammers and making fake promises.
Whenever i see an ICO, my mind keeps telling "It's a scam wasu wasu wasu". Just avoid this scheme and learn more on trading and make a profit.
Whenever i see an ICO, my mind keeps telling "It's a scam wasu wasu wasu". Just avoid this scheme and learn more on trading and make a profit.
e.g switching to trading or deposit funds to expert traders.
I always see this " expert traders." in my phone ads, are you talking about the same thing?
I mean, people are really convincing that it can give fast return in just a short period of time, but honestly though, I don't believe that much as I live and survive in crypto with my own style and developing my trading skills.
Hi, recently so many past-ICOs turned into a scam or a deadcoin.
Is there anything what we can do to punish them? More than 2 years ICOs are scamming us and still people are investing, is this really a world what we want to create?
The rejection of their coin and product is already a punishment for the project, you can still disseminate information in your social networks about that particular ICO, that they are a scam ICO. Is there anything what we can do to punish them? More than 2 years ICOs are scamming us and still people are investing, is this really a world what we want to create?
Once upon a time there was no scam ICO in crypto space until the big bullrun came in 2017, many quickly start eyeing ICO as a gateway to quick money so scammers begins their reigns but how long will this go? now ICO is way down because of scam projects i think very soon scammers won't stand a chance anymore because new better solution will come
Very much of the past projects that ended up dying and a scam and it is already reasonable because it is very difficult to survive from many of his projects that arise afterward. We can not punish them legally because there is no legality in their project and there is no way to stop such. We just have to be always good at sorting out new emerging projects and not getting stuck to the wrong project.
That's why it's very hard to launch new projects this year as we've been tired, exhausted and stressed out with those fake promises and manipulation of those project that turned out to be scam, even if you are too vigilant still you are encountering project that you think is legit based on your observation, understanding and investigation but after a while it turned out to be scam. So new projects has been questionable to every people now.
Very much of the past projects that ended up dying and a scam and it is already reasonable because it is very difficult to survive from many of his projects that arise afterward. We can not punish them legally because there is no legality in their project and there is no way to stop such. We just have to be always good at sorting out new emerging projects and not getting stuck to the wrong project.
The safest way is to not participate in any ICO programs and wait for them to be listed on stable transactions for several months and then determine if you invest in the project or not.
ICO, IEO or STO are startup projects and now there are some projects that have their own products. But the value of a project is determined by many different factors. The most important investment is profit. When listed on the transaction will know the needs of the user. That is a factor promoting value for the project.
ICO, IEO or STO are startup projects and now there are some projects that have their own products. But the value of a project is determined by many different factors. The most important investment is profit. When listed on the transaction will know the needs of the user. That is a factor promoting value for the project.
DT members can red tag bounty managers who conduct scam ICOs on the Bitcointalk forum. They may also leave negative feedback to users who promote confirmed fraud. Recently, I noticed that some even respected bounty managers do not pay much attention to the credibility of the team. In other words, they do not evince due diligence when they choose a campaign to promote in the forum and social media. As a result, these projects turn out to be an exit scams, which is why investors suffer losses.
Many new tokens immediately drop after the IEO is completed. Perhaps untrustworthy teams sell their tokens and do not fulfill their promises mentioned in the road map. In my opinion, DT members should punish users who start ANN or BOUNTY threads because managers are also responsible for fraudulent projects that they run on the forum.
Many new tokens immediately drop after the IEO is completed. Perhaps untrustworthy teams sell their tokens and do not fulfill their promises mentioned in the road map. In my opinion, DT members should punish users who start ANN or BOUNTY threads because managers are also responsible for fraudulent projects that they run on the forum.
You really have a great idea here, I think DT members already have been giving red trust to those who manage or promote scam projects. It's always our duty whether as bounty managers or hunters to do proper due diligence before promoting any project. I was so disappointed in a BM when 3 projects managed by him failed on the go, I just pity poor investors of those projects. The best way to combat scam projects is by using common sense when choosing projects to invest and also invest what we can afford to lose which has been a common slogan.
DT members can red tag bounty managers who conduct scam ICOs on the Bitcointalk forum. They may also leave negative feedback to users who promote confirmed fraud. Recently, I noticed that some even respected bounty managers do not pay much attention to the credibility of the team. In other words, they do not evince due diligence when they choose a campaign to promote in the forum and social media. As a result, these projects turn out to be an exit scams, which is why investors suffer losses.
Many new tokens immediately drop after the IEO is completed. Perhaps untrustworthy teams sell their tokens and do not fulfill their promises mentioned in the road map. In my opinion, DT members should punish users who start ANN or BOUNTY threads because managers are also responsible for fraudulent projects that they run on the forum.
Many new tokens immediately drop after the IEO is completed. Perhaps untrustworthy teams sell their tokens and do not fulfill their promises mentioned in the road map. In my opinion, DT members should punish users who start ANN or BOUNTY threads because managers are also responsible for fraudulent projects that they run on the forum.
You really have a great idea here, I think DT members already have been giving red trust to those who manage or promote scam projects. It's always our duty whether as bounty managers or hunters to do proper due diligence before promoting any project. I was so disappointed in a BM when 3 projects managed by him failed on the go, I just pity poor investors of those projects. The best way to combat scam projects is by using common sense when choosing projects to invest and also invest what we can afford to lose which has been a common slogan.
This has been a pressing issue on blockchain and really need to be tracked. To me I feel once there's regulation all these issues regarding scams will stop or investors should do proper research before they invest in any platform to avoid having issue.
Unfortunately, as long as there are speculators, there will also be scamcoins, only for their games: but no real use case other than that.
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