Topic: Why do people believe and invest in fraudulent ICO? - page 14. (Read 3361 times)
Because people want to get rich and do not understand begin to invest (trusting rating or telegram channel that promises a lot). Before investing it is necessary to acquire at least basic knowledge.
of course because the person is not careful in determining the ICO. people are currently following the ICO because they expect big profits from there. if I have assets, it is better to buy altcoins / tokens that are already listed in the market and have cheap prices at this time. because it could be the price will increase at the end of the year
They will will always think about how much profit that they can grab from investing in the ico. they are using the pre-sale price as the main price to determine how much their profit after that will have listed on the exchange site and they are playing on so many speculations about the future of ico and it's called ico trading. 
As far as I heard, the ICO Scam raised over $ 1 billion. Why did people invest in these ICO? Do you think this situation has changed now?
I think most time, it is not the fault of the victims , they are newbie who doesn't know much yet about how blockchain technology work. This criminals made them to believe they will deliver with a lot of deceptive advertisements and roadmap. 
of course because the person is not careful in determining the ICO. people are currently following the ICO because they expect big profits from there. if I have assets, it is better to buy altcoins / tokens that are already listed in the market and have cheap prices at this time. because it could be the price will increase at the end of the year
First and foremost, i'm sure they were not aware that the ICO was fraudulent.
A lot of people usually fails to check on the legitimacy of an ICO, basing their decisions on mere support they are seeing for an ICO. But as we all know, there are those who employ sneaky means of promoting their ICOs. Shilling has always been a popular method of choice for many, creating an effective band wagon if not irresistable.
So be very wary, scam ICOs had been tainting the world of tokenized crowd funding in a bad light. Scrutinize more and be safer.
A lot of people usually fails to check on the legitimacy of an ICO, basing their decisions on mere support they are seeing for an ICO. But as we all know, there are those who employ sneaky means of promoting their ICOs. Shilling has always been a popular method of choice for many, creating an effective band wagon if not irresistable.
So be very wary, scam ICOs had been tainting the world of tokenized crowd funding in a bad light. Scrutinize more and be safer.
hi mate! ofcourse people who invested in these ICO's are not aware that the project they thought are legit was a SCAM. who would have thought that they might be scammed, no one. they'd just chose the wrong project to invest with. these unfortunate people were definitely hammering themselves because of this wicked act of scammers. i feel sorry for them. cheers!
Many people are actually blindly choosing to join the market after hearing the myth of the rich in the crypto market. So these people actually don't know what crypto is, and they don't know how big the risk is in this market. They all expect to get rich overnight, so there will be so many fraudulent ICOs released.
As far as I heard, the ICO Scam raised over $ 1 billion. Why did people invest in these ICO? Do you think this situation has changed now?
What are your basis for a fraud ICO? I think most investors are based on what the price of the token but if project dont deliver product then its a scam.
ICO is very popular because it can give us many advantages. So the situation is exploited by those who want to get money very quickly without having to work hard. They are trying to fool a lot of people by creating new ICO.
No one wants to invest in ICO scam, it's a suicide. They invest in ICO scam because they are fooled by the great appearance of the scammers and they just realized they were scammed when the ICO ended but it was too late. So investing in ICOs is risky and they must be willing to take risks if they encounter them
I think some of the crypto investor know the risk in investing in ICO and they are betting that they will gain big profit from this. While the new investor dont know that it is a scam or fraud they are just a victim.
Because scammers all wrapped in such a good wrapper that the result they look cooler and more promising than many other projects.
The thing is that people do not always know that they are dealing with fraudulent ICOs there are people that think that everything in the market is still legit, so they put a lot of money into them. It is most especially the newbies who do not understand how these things work yet. Then there are some people who think that they can make money from the coin before they tank.
I don't think that there is anyone who would purpose choose to believe and invest in a fraudulent ICO. People mostly do do because they are of the opinion that the ICO is a good one, and then go ahead to invest in it, only to get scammed at the end of the day, and that's a really sad thing. Anyone who willingly invest in a fraudulent ICO, is probably in on it, from the get go.
Now there are a lot of ICO on the market and it's very difficult to find a project among them. Also, many people find it very difficult to understand the project, so so many people put their money into the scam
In the first stages it is impossible to understand about ISO - it is fraudulent or not fraudulent. Therefore, investors make mistakes. But if you invest a lot of ICO, the risk of errors decreases.
As far as I heard, the ICO Scam raised over $ 1 billion. Why did people invest in these ICO? Do you think this situation has changed now?
That’s not right. No one would purposely invest their money in anything that can lead to loss in the future. And by the way, these Scam ICOs show themselves to the public as being legit and people get deceived and thereby leading to them to invest their money in it and at the end, these fake ICOs will show their real self and make away with their money. So none of us gives money to them on purpose, we are all not stupid…. It’s a scam.This is not the only option. About a decade or so ago, when the Internet had become widespread but there were no cryptocurrencies yet, the Web was infested with HYIP programs (just another name for an online scam and Internet fraud). And what d'ya think, people were bringing money there too. Were they not aware that those weren't real businesses and couldn't possibly pay so high returns? I assure you most of them were completely aware of that. So what was their primary motive if they knew they could easily lose money there? It was greed, obviously, while their hopes were based on the fact that these fraudsters actually paid some monies to the first participants. Folks of this kind hope to be the first and then quickly disinvest just in time before the whole shebang shuts down.
As far as I heard, the ICO Scam raised over $ 1 billion. Why did people invest in these ICO? Do you think this situation has changed now?
That’s not right. No one would purposely invest their money in anything that can lead to loss in the future. And by the way, these Scam ICOs show themselves to the public as being legit and people get deceived and thereby leading to them to invest their money in it and at the end, these fake ICOs will show their real self and make away with their money. So none of us gives money to them on purpose, we are all not stupid…. It’s a scam.
such projects practically do not differ from usual ones ico and therefore it is difficult to say whether I invested in a fraudulent project
As far as I heard, the ICO Scam raised over $ 1 billion. Why did people invest in these ICO? Do you think this situation has changed now?
Yes, I think that the situation has changed already. People no longer believe in that thing called ICO, at least not en masse. If first ICO's were highly successful, these days it is no longer the case. There's a saying, something like "once bitten twice shy", so those who have lost their money in fraudulent schemes now know better than in ivest in shady enterprises.
On the other hand, there will always be gullible people or just excessively greedy ones as it has been for hundreds of years already since time immemorial.
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