WHY 99% OF ICO IS SCAM? | Bitcointalksearch.org

bahnfire

jr. member

Activity: 139

Merit: 1

The World’s First Blockchain Core

Quote from: profit-shooter on August 22, 2018, 03:30:32 AM

Hi, lads!

There are many ICOs ongoing at present but in 2018 a lot of them is a SCAM. Why does this happen?

It will be interesting to hear your opinions.

Thanks, friends!

Firstly i dont think 99 of ico is scam. Maybe you can say 20 percentage of scam or 40 percentage but not 99 .
People creating scam icos because icos are the best and fastest way to collect money with hype .
They are paying some ico influencers millions of dollars so they can easily reach 30 million dollar marketcap.
Because of that some people prefer doing scam icos. But i think that is really wrong thing.. And at the end of that they will be punished from
goverments. I hate scammers. They are trying to steal our hard earned money. we need to be careful. thank you.

xvids

sr. member

Activity: 1176

Merit: 301

Well it is not actually 99% there are still plenty of other ICO that is legit.
And some of them might look like a scam because they would fail to reach their minimum investment funds and couldn't continue their project.

citydragoon

jr. member

Activity: 173

Merit: 1

“The Premier Digital Asset Management Ecosystem”

The answer is in people only. Scam has become a usual event because we have not done something to prevent its growing and now it is the result of our mistake.

mitchel_am

member

Activity: 378

Merit: 10

Not all the ICOs are scam but unfortunately there are too many ICOs and it is clear that not all of them can survive in the market since the number is exaggeratedly big

akishang

member

Activity: 434

Merit: 18

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Not all of them were scam. I am a bounty hunter and I was able to witness that there are successful campaigns like Adbank, Localcoinswap and Docademic. Although there are failed ICO's because they are unable to sell enough coins for soft cap, they are still working on their product so that they can hit the soft cap on the next phase of ICO. I would say that there is a 70% of ICO that were scam or a failure.

siupang2

full member

Activity: 560

Merit: 105

1. I think it's because hype of cryptocurrency, and for some greedy people, they use it as opportunity to earn easy money.

2. The second thing is lot of people still don't know what ICO is (only invest without read the project carefully) and for some reason they only see ratings in website ICO ranker like ICOBench, etc.

3. The last thing for me is no serious law that regulate this thing, so people can easily get money and hiding after that.

lutcor

jr. member

Activity: 448

Merit: 1

Probably 99% in this case it was very much, because some projects are now stretching the time to wait for investment, because the market is now in a very weak state, so I think that now we need to actively develop the ICO sphere

manecas

jr. member

Activity: 112

Merit: 1

It should be "harder" to issue a coin / token. At least it should be needed some verification. At this moment its only a matter of time and money to issue a new coin and get it listed. But I don't think it should be the governements to regulate Cryptocurrency, but something must be done, because thanks to so many scams the market looses credibility and investors.

konomi

jr. member

Activity: 112

Merit: 4

For most scammers, it’s very easy to swindle by issuing a cryptocurrency. No one here can supervise them, no police, no government, they can do whatever they want.
Obviously, cryptocurrencies need some supervision from the government.

erox

full member

Activity: 308

Merit: 106

People just want easy money, and to make your own ico and collect at least a couple of hundred thousand dollars is not so difficult)

vandeam

full member

Activity: 280

Merit: 100

Because people want to earn money with the help of fraud. It is one of the easiest ways for earning a big amount of money and the government have not made a low for this yet.

sundy399

newbie

Activity: 132

Merit: 0

Because of future growing fields, it is difficult to punish because the laws of each country can not comply.
Also, it is easier for money to gather and to abandon rather than to grow that coin, and those who did other ICOs can efficiently collect money.
There are many who are unknown who created coins, and you can easily fraud.

mayasari

member

Activity: 193

Merit: 10

Quote from: profit-shooter on August 22, 2018, 03:30:32 AM

Hi, lads!

There are many ICOs ongoing at present but in 2018 a lot of them is a SCAM. Why does this happen?

It will be interesting to hear your opinions.

Thanks, friends!

Maybe you have to try projects that are in Bountrust, there are a lot of legit Bounty. So far they always pay, you can join the Bountrust telegram channel here: https://t.me/bounTrust

Remainder

hero member

Activity: 949

Merit: 517

We should not trust easily on ICO projects that don't have a working product because they can also easily disappear if they already got what they want.

popox

member

Activity: 141

Merit: 10

Because hacks and people's wish to get money in the easier way is growing only and they do scams that are really easier if to get them clear. And resources are saved as well.

LiteNight

member

Activity: 378

Merit: 30

♠☠♠

Because no one punishes scammers. Impunity generates more ambitious crimes. This was tested in 2017. Scammers realized that they would not be imprisoned and began to work more boldly. And what did you expect?

accounting 181293

member

Activity: 662

Merit: 11

www.cd3d.app

Quote from: profit-shooter on August 22, 2018, 03:30:32 AM

Hi, lads!

There are many ICOs ongoing at present but in 2018 a lot of them is a SCAM. Why does this happen?

It will be interesting to hear your opinions.

Thanks, friends!

I know many ICO are scams, but 99%? come on don't joke, because there are still many quality ICOs today. and I'm sure there are more than 1% of all existing ICOs. I might think ico is not profitable but that doesn't mean I don't trust the ICO. until now I still buy a new token. and it's profitable.

spain cool

hero member

Activity: 590

Merit: 500

Quote from: Tashi on September 13, 2018, 08:23:41 AM

Actually it's not really 99 maybe 70-85% is scam. Probably because they don't likely last long as if they weren't for hodling long term. They are times wherein bounty campaigns doesn't give the promised stake they supposed to give or for worse, nothing at all.

Yeah, indeed. But, most of the bounties nowadays are very easy to claim and very easy to do it so if you are getting scammed then its ok, isn't it?

Hammonds

sr. member

Activity: 532

Merit: 250

Quote from: profit-shooter on August 22, 2018, 03:30:32 AM

Hi, lads!

There are many ICOs ongoing at present but in 2018 a lot of them is a SCAM. Why does this happen?

It will be interesting to hear your opinions.

Thanks, friends!

The irresponsible party like that is better off from this world.
They only worsened the cryptpocurrency situation and it made cryptocurrency imagery look bad in society.

ning_aric

full member

Activity: 826

Merit: 102

I believe majority of the ico project out there does not have a real products or solutions to offer to the market, Majority of the ico are just there to get money from the investors and list in an exchange just to dump their coins below ico price

Topic: WHY 99% OF ICO IS SCAM? (Read 2200 times)