not all ico are fraudulent, they become worthless because of the lack of interest from investors towards the product they are developing, there are some ico who are successful in the market because it all depends on the active of their team
A team can be active but the project can still fail. It's not like all roadmaps will be followed and it's not like all milestones will be reached. Sometimes the idea isn't just good enough or the idea is too early to be implemented. That's why the project fails. The lack of community support as well. The coins come from this place, they start a signature campaign, and sure there's a good community. But after we have dumped the coin, we just check the price of it in trading sites to see if we have made the right decision to sell at that price or if we should have waited enough. News about the project, though? We never check that. At least I don't when I'm not holding any of the coins any longer.
I remember when i came into cryptocurrency, little did i know and i was not eager to learn too until my i participated in numerous scam projects which i spent all my precious time with these projects.
You should have used your precious time doing precious thing, boo.
You don't just participate in some campaign and when it turned out as a scam, you want to feel bad. You could have prevented that from happening by taking the time to read their ANN & Whitepaper, their website, etc. Sometimes just checking out scam accusations and you'd see threads saying that the team is fake. You have to check out everything about them before joining so you don't end up getting scammed and wasting your precious time.
people will only learn if they got scammed by scammers and hacked by hackers. People are very vulnerable when it comes to money or investing their money. Their are thousands of cryptocurrencies out there and some there are just full of scammers or hackers. People must be careful especially nowadays that scammers are growing every month.
I don't think that tragic things have to happen to you before you can learn. I, myself, have never been scammed or hacked, but it was because before I take a step forward, I make sure that I know enough. Enough to make myself safe. On the other hand, some people think that they need a "wakeup call". I don't believe that only because feeling bad isn't a prerequisite in learning something although it can be what could push you to learn. It's worth taking note that not everyone who got scammed or hacked will learn their lesson.