BEcause people who invested in those ICO didn't know that it was a fraud.
maybe the offer was good and the project is promising.
this will be a good attraction to investors and investors are not aware of the scam they are planting.
Topic: Why do people believe and invest in fraudulent ICO? - page 15. (Read 3339 times)
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?
If these people know that these are scam project, they will not invest on these scams Ico, but these scammer are now very good on imitating a good project, even as old timer I am still at lost on finding a legit project, I'm just watching daily updates for any hint if the ICO is legit or a scam one.
I've seen a bunch of complete idiots who literally don't do any research into a project before investing. Typically the ICOs that are most successful are the ones that have a real understanding of how to market and acquire investment. Unfortunately some of these projects are also scam ICOs that end up generating a lot of investment and eventually leading to an exit scam.
Just remember the age old proverb, if it looks too good to be true, it probably is. If they are promising more than 50% returns in a year, be extremely skeptical.
Just remember the age old proverb, if it looks too good to be true, it probably is. If they are promising more than 50% returns in a year, be extremely skeptical.
My dear do you no that inability not to take a risk is also a risk itself? some persons have become rich by investing on ICOs while some have been robed to poverty so it is a win or loose game
I doubt anyone would willingly invest in a TGE that they are aware is a scam.
Not everyone has the tools to discern which ICO is legitimate, and even with the tools, one can still fall victim.
Research effectively on any project you plan on investing in.
Not everyone has the tools to discern which ICO is legitimate, and even with the tools, one can still fall victim.
Research effectively on any project you plan on investing in.
We can't remove the scammers from the crypto market until the people need to have enough knowledge about the crypto currencies and its technology,but now most of the people investing on the ICOs based on their promotion and offers and they are investing here to make money in short term but in future we need to invest on the technologies.
It's simple. Many people want easy and fast money. They are ready to invest in any projects that promise great profitability. Do not believe the promises before investing in ico, look at the development team and various ratings. So you can choose a good and promising ico and not lose your investment.
The most important thing is that you do not know that this is a fraudulent ICO, so you begin to analyze the project and for all your checks the project does not seem bad and you are more determined to invest in it, it's obvious that this happens
Because you still try to identify fraudulent or not,even the project originally was not fraudulent and was trying to implement a good idea,well then the market went into decline,and mass-correction,and you say the norms were collected,but see that it is impossible to implement the project as she wanted,that people and collects money and runs away
They get very wrong trust in the wrong ICO, therefore the lack of basic knowledge about ICO and other projects, such as the ICO goes on, there is fraud everywhere, laziness in analyzing is someone's fault, no one can be blamed in this case every people must find fault with themselves, regretted that the more fraud is everywhere, then be careful in investing.
With this free market they are very free to enter and enter the scope of the market, there needs to be a law on the arrival of new ICOs for better filters which are frauds and which are good for the community.
With this free market they are very free to enter and enter the scope of the market, there needs to be a law on the arrival of new ICOs for better filters which are frauds and which are good for the community.
This ICO fever has taken over the world and now if somebody invest into one ICO they will tell to all his friends to invest because that project it will be huge and like this an ICO Train is form and a lot of guys are investing in something they don't even know about.
Its not that easy to detect the plight of icos before they are launched. Since there has been a lot of projects splurging, a lot of investors who want to earn a great deal open their investments to these icos. But most of the time, it would be too late to find out if the ico is legit or not.
Here are some pointers that warns us if an ico is a scam:
The website authenticity
The whitepaper clearly states the project details and the time table
The people behind the project
The majority of scam icos have been using the photo that has been taken from the internet. that's really important to do a research about the photo of the team rather than try do focus on the their whitepaper. Here are some pointers that warns us if an ico is a scam:
The website authenticity
The whitepaper clearly states the project details and the time table
The people behind the project
So many scam hunter has been doing this way to reveal the true identity of the scam ico itself.
Scammers attract people with beautiful promises, the future growth and development of the project. It is quite difficult to identify fraudsters.
Its not that easy to detect the plight of icos before they are launched. Since there has been a lot of projects splurging, a lot of investors who want to earn a great deal open their investments to these icos. But most of the time, it would be too late to find out if the ico is legit or not.
Here are some pointers that warns us if an ico is a scam:
The website authenticity
The whitepaper clearly states the project details and the time table
The people behind the project
Here are some pointers that warns us if an ico is a scam:
The website authenticity
The whitepaper clearly states the project details and the time table
The people behind the project
Whatever campaign hunter, they have to be involved in some campaign. Fraud scams often show more greed By which hunters get confused. The fraudulent platform often changes its terms frequently. Such platforms call you changes in work, so that hunters can not work in the right direction. This often happens during the conclusion of the campaign. To avoid these, you have to adopt a campaign operated by a team of select people.
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?
Today many people are investing in buying speculative digital currencies for profit, from this trend there are opportunities to profit by fraud, therefore the level of vigilance must be increased, namely one of the important factors for ICO is the developer and administrative team in behind the project whether it is dominated by popular and trusted developers such as the founder of the ETH, we also need to be wary of fraudsters who use fake profiles or biographies for the project development team, so research is needed on individual teams from a project before investing.
Whatever campaign hunter, they have to be involved in some campaign. Fraud scams often show more greed By which hunters get confused. The fraudulent platform often changes its terms frequently. Such platforms call you changes in work, so that hunters can not work in the right direction. This often happens during the conclusion of the campaign. To avoid these, you have to adopt a campaign operated by a team of select people.
Because people's greed blinds their eyes, they only see that investing in ICO can quickly bring huge wealth to them, ignoring the huge investment risks, and they are unable to recover when they realize that they have been cheated.
It's because the scammers are getting more sophisticated and so it's easier to trick the investors into thinking it's a real project. ICOs are still very profitable so if a good one can be found then there is a lot of coin to made from these investments
People don’t invest in such ICO scams willingly, dude. That’s quite obvious if they knew it before that the ICO is a scam they will never invest their money in it. But yes, people can also be blamed for their loss. Some investors don’t search about the team or read the project carefully before investing in it, due to which they are unable to know that the team is fraud. Some even give into the offer of earning unusually very high profits.
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