Topic: Why do people believe and invest in fraudulent ICO? - page 4. (Read 3359 times)
Nowadays people have become more aware of the scams in the ico space even though we still have a partial pump in that space. However, most people were not really interested in the problems ICOs were looking to solve, they were scammed because they only wanted to flip their investments.
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 also wonder what is the project which has collected so much money , but I can say that there are projects that are well organized and the team is open but anyway the project is cast and not doing anything that most of the projects does
Obviously, they invest because they don't think it's fraudulent.
No one will invest in something if they know its a fraud.
They don't think it is a scam for many reasons.
I would say the main reason is because people are greedy and lazy.
They hear the hype and fomo and don't think things through.
So they end up making hasty decisions without doing due dilligence.
I would say that any reasonable person who does their fact checking and research can easily avoid scams.
On another note, where did you get the 1 Billion number?
It sounds made up. In investing, it is not wise to base your trading decisions on made up numbers.
No one will invest in something if they know its a fraud.
They don't think it is a scam for many reasons.
I would say the main reason is because people are greedy and lazy.
They hear the hype and fomo and don't think things through.
So they end up making hasty decisions without doing due dilligence.
I would say that any reasonable person who does their fact checking and research can easily avoid scams.
On another note, where did you get the 1 Billion number?
It sounds made up. In investing, it is not wise to base your trading decisions on made up numbers.
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 also wonder what is the project which has collected so much money , but I can say that there are projects that are well organized and the team is open but anyway the project is cast and not doing anything that most of the projects does
I do not think that people who believe in crypto currencies and invest a lot of time in this industry and contributing to the scam projects. Be careful and research each project before taking part in it and everything will be great.
because before the investors perhaps they were more imprudent and with the hope of a quick gain they did not do enough searches / controls on the icos, but with the bear market the investors are much more careful and they think twice before investing
Yes, because people do not always understand fraudsters or not, and there is also a chance that he will go and everything will be fine!
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.
For ordinary traders, it is difficult to find a 100% real ICO project. I think most people's investments are more like speculation. This also makes it easy for ICO fraudsters to raise funds.
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?
ICO fraudulent projects do not indicate that they are fraudulent. They assure the prospects of their ICO project, the documents are drawn up very well, investors do not have the opportunity to verify the sincerity of their intentions, no one, as a rule, has the opportunity to check the ICO team and therefore many investors have nothing to do but trust them. ICO activity is carried out through the Internet, no one sees the team itself. This is a good opportunity for fraud. 
The situation has changed in this year. I think that investors became more careful. As for me, I stopped investing in ICOs at this spring, the last one was XYO. I have small profit there. It is better to buy tokens after listing on exchanges.
The factor of education that is lacking in my opinion is that there are still many people who are still investing in ico and this should be changed. that now there are so many ico that are declining
For the cryptocurrency market, the scope of activity of ico companies is very important, because it is precisely because of this that new projects can develop. On the ico market, companies need to be controlled in order to reduce the percentage of fraud. 
The factor of education that is lacking in my opinion is that there are still many people who are still investing in ico and this should be changed. that now there are so many ico that are declining
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 they knew that these are scam sites, they will not invest on this kind of ICO's but unfortunately, they are good at imitating good ICO and so these scammers have been able to perpetuate their scheme or plan, but now investors are wiser now.
huh? I'm not sure about a scam that raises 1B$..what ico again?
but sure people invest in scam like bitconnect. People see other people that they know got profit by invest in this kind of scam (bitconnect), they see a real profit, they just turn greedy.
but sure people invest in scam like bitconnect. People see other people that they know got profit by invest in this kind of scam (bitconnect), they see a real profit, they just turn greedy.
If they know that the ICO is scam, they've wouldn't invest at the first place. That's quite simple, also without the proper research, investors are mainly investing in fraudulent ICO's, its really advisable to study first if we are an investor, or have someone who is expert to tell us in what project is good to invest.
People are usually too naive and believe beautiful stories behind nonsense projects. (Ex: Bitconect, OneCoin etc).
Even after the project shut down, the coins were still worth a few dollars for quite a while, and now even though they aren't listed on any exchanges, the value seems to be stuck at few cents, but in actuality completely worthless.
I think in 2018, we're going to see quite a few shitcoins go to zero. Especially after SEC brought down the hammer on ICOs
Even after the project shut down, the coins were still worth a few dollars for quite a while, and now even though they aren't listed on any exchanges, the value seems to be stuck at few cents, but in actuality completely worthless.
I think in 2018, we're going to see quite a few shitcoins go to zero. Especially after SEC brought down the hammer on ICOs
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?
Why people invested. Because they wanted to earn. We considered the project interesting and invested money in it. Yes, the scammers need to do something. Difficult situation.
Well not all investor have knowledge about this world (crypto world) they just came for easy money. They still think if we join an ICO we will get a lot of money from it but in the reality is most of ICO now are scam only few that legit but still unknown by others.
Yes, it's true, this year's ICO really made investors dizzy, because so many ICOs were born this year. It is not easy to select a legitimate ICO. Because there are a lot of ICO who cheat investors this year, hopefully next year there will be strict regulations to crack down on fraudulent ICO. Lack of proper research, most people do not conduct any research about the project, team and whitepaper they just invest in whatever ICOs they come across and think it will bring gain.
Definitely, also there's some people that are dumb enough to believe strangers they just met so that could be counted as stupidity.However if people who lacks research know that the ICO is fraudulent they wont invest there, it's all about gaining information.
Jump to: