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Topic: Too many ICO - new scam scheme? - page 2. (Read 1539 times)

hero member
Activity: 1106
Merit: 502
June 12, 2017, 12:59:30 PM
#13
There are many ICOs that produce this crypto growth well, we just need to be more careful about choosing ICO to get involved in investing.
There are several things that should be examined, among others:
Number of supply coins, who coin advisor, what is the purpose of the coin?
Anyone does not want to get into fraudulent investment.
hero member
Activity: 826
Merit: 523
June 12, 2017, 12:40:03 PM
#12
I don't gives statement that many Ico are mean new way to scam investors, i just take it as positive of growing digital coins,
because there are good ICOs out there that has fungtion and really be builded by developers,
even the ICOs be scam coins in the ending that is just part of risk investing in ICOs
the solution for this problem should the investors learn more about the ICOs before invest in it.
You made a good point here, there are some interesting project that worth to invest in, these projects have real use cases and aim to replace the traditional companies in some important sectors.
legendary
Activity: 2030
Merit: 1028
June 12, 2017, 12:34:06 PM
#11
Altcoin creator may take advantage since bitcoin getting pump recently so people must be more careful for what they want to invest especially altcoin. As I know altcoin are more riskier than bitcoin market but altcoin potential are unpredictable and can be better than bitcoin
sr. member
Activity: 658
Merit: 255
June 12, 2017, 12:30:08 PM
#10
We don't know what creators think about their businesses. Maybe they think if it will be unsuccessful, no worry dump your token, take profit and go away.
hero member
Activity: 518
Merit: 500
June 12, 2017, 11:52:11 AM
#9
I don't gives statement that many Ico are mean new way to scam investors, i just take it as positive of growing digital coins,
because there are good ICOs out there that has fungtion and really be builded by developers,
even the ICOs be scam coins in the ending that is just part of risk investing in ICOs
the solution for this problem should the investors learn more about the ICOs before invest in it.
sr. member
Activity: 546
Merit: 261
June 12, 2017, 11:45:45 AM
#8
Well you know the bitcoin price is skyrocketing
If you didn't trust this many ICO,you have to just participate in the bounty not to invest
Just search their background and news if you want to invest in some of the ICO
full member
Activity: 196
Merit: 100
June 12, 2017, 11:12:48 AM
#7
I think you should make a thorough research of the ICO before you consider investing in it, to avoid all the scams since now there are too many scams out there
hero member
Activity: 1470
Merit: 655
June 12, 2017, 10:51:24 AM
#6
it is the new age of altcoins, before it was pre mined altcoins then it gave way to heavily pre mined altcoins. but after a while people simply stopped even buying any altcoin that had a premine. they took money before doing anything by premining.

then they caught up and started new age, ICOs. now they take the money before doing anything by running an ICO!
in a short time people will catch up and then they will move on to a new method of scamming.

meanwhile if you know this fact you either stay away or have a gambling attitude and try to test your luck.
sr. member
Activity: 448
Merit: 251
June 12, 2017, 10:24:04 AM
#5
yeah buddy. I do agree with what you are saying here. I do not like ICOs because people are just throwing their money at a project without thinking and moreover, there are too may others are using this type of activity to steal people's property
sr. member
Activity: 335
Merit: 250
June 12, 2017, 09:53:59 AM
#4
yes , because BTC's price up ,and up ,  too many ico, and too many scam .
member
Activity: 120
Merit: 10
June 12, 2017, 09:27:54 AM
#3
It's not that easy to raise so much funds for a startup in real life

We already know from where the eth dump will be coming from.. Let's say 2 or 3 huge ICO-scam, media attention (see 2008, mtgox, ... they love this kind of affair), price drops.

Just care, this big ico scam that might provoke the Eth dump is among them.
sr. member
Activity: 910
Merit: 252
June 12, 2017, 08:52:03 AM
#2
I have just noticed that there are too many ICO around and most of the projects are similar to each other. As you can see, we both have monaco ICO and token card ICO. DO you think that it is worth to invest in ICO? I have a strong feeling that there are many people abusing the ICO in order to build a new kind of MLM scheme. People will lose their money once the coin get on some exchange.
Recently i participated in one campaign and i was closely watching that ICO move. Soon in main ANN thread there was lots of scam accusation happened that guy could not able to solve finally he dint do the ICO .
full member
Activity: 215
Merit: 100
June 12, 2017, 02:53:25 AM
#1
I have just noticed that there are too many ICO around and most of the projects are similar to each other. As you can see, we both have monaco ICO and token card ICO. DO you think that it is worth to invest in ICO? I have a strong feeling that there are many people abusing the ICO in order to build a new kind of MLM scheme. People will lose their money once the coin get on some exchange.
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