Topic: WHY 99% OF ICO IS SCAM? - page 4. (Read 2200 times)
I agree that there are too much scam ICO at this time but there is no statistic shows that 99% of ICO is scam. There is no official announcement or official research showing it. You're having a negative look into ICO market, instead of that, you can look for good ICO to join, you will see that there are still a lot of good ICO projects out there.
The answer to your question is easy. Clearly, no one is getting caught when an ICO turns out to be a scam. If there is any, there's only a few of them compared to thousands who keep on doing this type of bogus everyday. If the authorities wants to, they can put them in jail. Maybe there are no cases reported.
I also agree with you now a days infact in 2018 most of the icos are totally scam maybe reason behind this everyone is trying to this work and this is entire a big work a team required time energy sincerity but this is not affordable for all icos so we cannot trust every ICO.
I think simply there are teams that like to take money from investors and do not want to develop the project, then do another project to continue to take money. They just want to scam but not seriously with their project
I don't know why in the ICO until now there were projects that were scam. What is clear if seen in fact, many projects are popping up every day at the ICO and most of them are projects that are scam. There have been many victims including me, including Project Investors and Hunters or members of the Bounty Campaign.
Due to declining market many ICOs do not reaching the soft cap and many projects struggling with the development and cannot fulfill on promises on . The market situation we have this year does not helpful for ICOs.
Because this is one of the ways to earn quickly and a lot of money are belonged to the investors that believe in the project. Today there are a lot of scams and it is a big problem of ICO in 2018.
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!
That's a huge number there, i think it's more likely to be 90% and the rest is failed not a scam. Well to me a project is a scam because it is to be. They promise you a huge profit, excellent whitepaper, with almost perfect ico score. We can see that a crypto is still in it's infancy that is why people abuse it and create a project to their own good.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!
Saying 99 percent of ICO is a scam is not already proven . There are a lot of competitors coming in and one factor why some legit ICO's didn't success is because of people are a little bit confused where to invest or should I say there is not enough law in entering in ICO so tha'ts why scammers and legit ICO's became competitors . If maybe there is a law in running ICO's there will be less ICO and we can avoid to scam ICO's .
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!
That's a huge number there, i think it's more likely to be 90% and the rest is failed not a scam. Well to me a project is a scam because it is to be. They promise you a huge profit, excellent whitepaper, with almost perfect ico score. We can see that a crypto is still in it's infancy that is why people abuse it and create a project to their own good. 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!
Is that not excessive by mentioning 99% ICO is a scam, meaning that we are looking for 1% legitimate ICO that really provides benefits, I think it is difficult to find 1%. It was true that when I analyzed ICO some time ago, I saw that there were many scam ICOs but I also saw that there were still many that were trusted and brought profits to investors.
We went through something similar during the .com boom, you could raise silly amounts of money for anything as long as it was web based.
In the ICO world it's the same but far less regulated, you don't even need anything more than a dozen poorly thought out ideas with a grand sounding white paper title and you're not even paid in FIAT but tokens that have questionable origin and value themselves. Put all that together and you have a big honey pot for every lazy developer with a get rich quick plan and no idea how to actually execute it as well as people with tokens they want to pump into the next sexy sounding project.
There are good ICO's and the idea of an ICO seeding an economy is great, you just have to dig through a lot of piles of dirt to find the good stuff.
In the ICO world it's the same but far less regulated, you don't even need anything more than a dozen poorly thought out ideas with a grand sounding white paper title and you're not even paid in FIAT but tokens that have questionable origin and value themselves. Put all that together and you have a big honey pot for every lazy developer with a get rich quick plan and no idea how to actually execute it as well as people with tokens they want to pump into the next sexy sounding project.
There are good ICO's and the idea of an ICO seeding an economy is great, you just have to dig through a lot of piles of dirt to find the good stuff.
I so much wish there is a regulatory body to this. You need to see the number of people falling into the hands of scammers. ICOs come out on a daily basis. Mostly put together by thieves...we need to keep on doing our homework well by checking thru whitepaper though some may be false....
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!
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!
In my opinion, there are so many projects on the crypto market that are scam because the crypto market has become more popular. After the very good year of 2017, many people rushed to invest blindly without being aware of this sphere. This has allowed many scam projects to make a lot of money.
The crypto market is very young, for this there are no laws and restrictions - this was used by scammers. Until there will be regulation by the state to create new crypto coins - there will always be scammers!
Yeah I agree with you, the knowledge of every investors is not that good enough to distinguish good and fake ICO. Although in my opinion 99% is too much as I seen many successful projects that we have in the market. Maybe it's 60% is a scam and 40% are successful in launching ICOs but this will reduce due to market volatility as their prices can't survive.
99% is a bit too much. But yeah, the truth is that a lot of ICO's are scams because it's a very easy way to gather some serious money from people and then run away with it.
There are so many reasons. But top on the list is greed and laziness. A lot of people are just greedy and are not willing to do anything useful to make it in life. Some of them may have even been involved in so many other crimes without success and they feel cryptocurrency is an easy way they can get want they want using the ICO.
99% ICO scam? so it's like you said all ICO are scam, well there are many legit ICO's out there, these scammers want to quick rich and ICO is the answer that they want that is why scam ICO's are increasing.
Too much interest, there are really many projects in the falling market, I simply can not collect the right amount, but this does not mean that the projects amount to 99% of the scum, I think that everything is not bad, but the scam of the projects is really a lot.
In my opinion, ICO projects raise a lot of money, so it attracts many fraudsters to them, so if they succeed, they will become millionaires, which is why many people always how to cheat
Creating ICO can get a lot of money and that's I think most of ICO are scam. Many scammer like team and founder that still scamming people by creating ICO. Most of them I think earn millions of dollars that's why the founder or team run because of that huge amount . Before investing to any ICO just make sure that you do research already if you do not want to see your money gone. Invest only ICO who gives your profit not lose your money.
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