Topic: Why do people believe and invest in fraudulent ICO? - page 2. (Read 3359 times)
It is not that easy to spot the fraudulent ICOs, specially for newbie members they can easily get trapped in these projects. Initially, these scam projects do spend a lot of money for advertisement, so it is very difficult to spot whether they are legit or scam.
Yes, this is a very correct question, because it is such questions that unfortunately arise today. It is terrible that this happens, but today it is a fact that we must study. Because we need to solve this problem, otherwise the market will die.
the current situation is different by the time before. many people who carelessly and get in on the ICO is wrong and this because of their own fault for not having substantial both in analyzing the ICO. so quite reasonable if encountered if ICO scam could get the funds are great because they usually make or promise great results but only fabricated just to attract attention.
Greed, the common nature of all ICO investors.
This is a very dangerous thinking. Usually this kind of thinking is caused by the cryptocurrency bull market. People will lose judgment on the cryptocurrency market. When Bitcoin is $20,000, many people think that Bitcoin will rise to $100,000.
This is a very dangerous thinking. Usually this kind of thinking is caused by the cryptocurrency bull market. People will lose judgment on the cryptocurrency market. When Bitcoin is $20,000, many people think that Bitcoin will rise to $100,000.
Some people are just too naive, but most of the people investing in wrong ICOs do not perform sufficient research before.
Here are a few tips to be verified to avoid being scammed during ICOs:
- team's experience
- other websites references to the project
- social media activity
- milestones already succeeded
- Whitepaper
Here are a few tips to be verified to avoid being scammed during ICOs:
- team's experience
- other websites references to the project
- social media activity
- milestones already succeeded
- Whitepaper
Personally I don't that anyone will put his or her hard earn money into a scam project, many do not know what will become of an ICO before putting there money in it.People invest in ICO all in the name of making profit but these ICO turn out to be a scam if people should have the any idea that a particular ICO is a scam,no one will go close to it not matter how good the project looks
Every investor in the modern crypto market seeks to earn income. Therefore, it begins to invest its money in promising projects. Unfortunately, there are many scammers on the ICO market today, so the risk of error remains too high. I very much hope that in the coming years we will be able to eliminate this problem.
I personally think that when cryptocurrencies were at their peak, people thought that investing in such projects, which offer you a profit for a couple of months in 100 - 200 percent, this is correct and this is a good option for investing their funds, only projects turned out to be fraudulent.
Fake things have good glare. All of us gets attracted to the glare and get trapped. It needs an experience to stay away from these frauds.
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?
Because there are many community here who got involved in different ICO project who got earned in it.
So no wonder why majority of them are still investing in it, even though its too risky to invest in there, because some or majority of the investors or
community still believed that ico this time 2019 will gonna be good in the end.
I see all that because people follow the hype. when they see something popular they will be interested. this is the main reason why many people are fooled by the Scam 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?
All this is the consequences of 2017 and the rapid growth of the entire crypto currency, when any investment brought a large income. When prices began to fall, many continued to invest by inertia, now they have become smarter and more selective 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?
Nobody wants to throw money. Investing in the ICO scam is losing 100% money. They invest because of being tricked, scam projects become more sophisticated. Phishing projects are becoming more and more intelligent in terms of form, organization, and scale of fraud. We should be alert in cheating on an investment project. 
a lot of revelation came out last year how some angel investors even funded scam projects consciously to reach the softcap, the take their fund after hardcap . The claim of scam in space was very difficult to identify, thats why a lot of measure is demanded to control it. It cant be eradicated but reduced and I believe countries that show more concern to control it, will benefit from investors confidence to fund in the coming days.
I really don't fault or blame people that invest in fake ICOs because most of these ICOs come looking very legit, it will take only an expert to realize it is an ICO. And it's not most people that have time to follow top crypto analyst, so they may likely fall for the scam. And trust me, nobody is immune to scam, it just takes the right person to do so.
many scammers have a good experience and they know how to cheat people. so investors still believe to ICOs that offer good idea and return on investment.
Yes, probably it's true that so far, many ICOs are scam. However, why there are still many people investing in ICO?
It is because we still believe that there are still many ICOs that are legit and worthy to invest. That is why, we must be able to choose the right ICO that we want to invest.
It is because we still believe that there are still many ICOs that are legit and worthy to invest. That is why, we must be able to choose the right ICO that we want to invest.
The thing is that people do not have as much experience as they would like, because it is the experience today that can play a serious role in investing in a good project that really brings us opportunities.
everything is simple in the first couple you do not recognize that they can deceive you in the future, in my opinion it’s very difficult for beginners because they don’t even know about it, and the rest are just better able to analyze to avoid such situations
That's the mystery of all mysteries. Although, it is not easy to pinpoint an ICO as a scam. But a lot of them are kinda suspicious and still raise some money.
It may be money from the founders themselves, just to boost the raised money counter. We can't know that.
It may be money from the founders themselves, just to boost the raised money counter. We can't know that.
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