Author

Topic: SO MANY SCAM ICO, is it also the reason? (Read 112 times)

jr. member
Activity: 167
Merit: 5
June 30, 2018, 05:25:09 PM
#10
Many people have stopped investing because of the many scam projects occurring and also bounty hunters dumping after icos so they are all waiting to buy more after token sale which leads to no one buying in ico event and then the whole thing is termed a scam when softcap is not reached. Some then run with the money to cover for the funds they have lost.
jr. member
Activity: 213
Merit: 1
Some people do scammy ICO because they know many bite their project and that's the some people too is being smart to choose a good ICO before they invest. The important is avoid this scammers and be becareful to what we invest
God
member
Activity: 169
Merit: 10
Scammy icos are always going to be in here, and there is no reason to be disappointed about this. Only fool people invest on them
full member
Activity: 532
Merit: 132
Yes it is because of the many ico projects that scam or fail in this year. investors are hesitant to invest in crypto due to the many bad news about crypto. hackers and scam ico very influential in the increase and decrease in the price of crypto.
I agree with you, This is a very disappointed if we see that there is much ICO projects that scam or fails this year, of course, that investors will hesitate to invest in ICO or even in some crypto, Until now, this is a very bad year and I hope at least in the rest of this year the market will grow up a bit and don't finish this year with a high decrease.
member
Activity: 392
Merit: 11
The New Pharma-Centric Marketplace
Aside from trading site being hacked or even hacked wallet that we heard for these past few months, I believe that these was part of the reasons why investors pulled out their investments.

But for now their are so many ICOs arising as before, is these also the reason why many investors doubt to invest in cryptos again? or are there other way to reduce SCAM ICO that comes in?

Hope to hear your thought guys. Smiley

I thinks you have apoint in your statement bro,that because of many scams,is the reason  why should investor afraid to invest now,and find another wy sources of living,so therefore by this kind of chaos  or troubled in cryptocurrency investment,people afraid to invest more in digital investment,because they dont want there capital turn to nothing or no return of investment.
hero member
Activity: 854
Merit: 500
Investing in ico and investing in usual crypto is quite different story but to buy ico tokens they have to first buy bitcoin or ethereum which will obviously push the price up. The addition of KYC on tokensale have actually caused a decrease in interest among investors. Government can easily track their investment and they might have to pay high taxes on them which they dont like to give.

Also yes fear of losing out at current bearish market is also another reason for low ico investment.
jr. member
Activity: 784
Merit: 6
Well, it is normal for investors to invest more at some points, than at other points. It is true that there are scam ICO, but i can as well say that there are good ICO, that investors are glad they invested into.
Also the bearish market is the reason for the failure of some promising ICO.
newbie
Activity: 154
Merit: 0
Yes it is because of the many ico projects that scam or fail in this year. investors are hesitant to invest in crypto due to the many bad news about crypto. hackers and scam ico very influential in the increase and decrease in the price of crypto.
full member
Activity: 364
Merit: 106
Scam ICO's may also be one of the reason why investors are having doubts in investing in cryptocurrency ICO. However, big time and expert investors are always willing to take risk searching for the big thing, plus, their years of experience and knowledge would have prepared them enough, together with a surmountable amount of research, to not invest in a possible scam or unworthy project.

There is no exact means to stop ICO scams but we can be more vigilant, alert, knowledgeable and must DYOR and not participate in something just because of hype.
member
Activity: 275
Merit: 10
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Aside from trading site being hacked or even hacked wallet that we heard for these past few months, I believe that these was part of the reasons why investors pulled out their investments.

But for now their are so many ICOs arising as before, is these also the reason why many investors doubt to invest in cryptos again? or are there other way to reduce SCAM ICO that comes in?

Hope to hear your thought guys. Smiley
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