Why do people believe and invest in fraudulent ICO? - page 7.

24Kt

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Quote from: CryptoCoinArbitrage on December 13, 2018, 07:44:01 PM

Even experienced investors can be scammed as they do everything to look like as it should ( website, WP, roadmap etc ).
This is why we need regulations to stop these scammers to raise funds and disappear without consequences.

Usually, a particular investor will just be surprised after those scammers are gone. When they were promoting their project, everything seems alright, legit and something was really going on. But once they got the money and overwhelmed by greed, then, you know what's next??? Running, hiding away from investors. And those investors invested because they did believe that they will get something out of it. And in the first place, no one can say at the very early stage that they are fraudulent, only at the later stages, once the dust settled in.

CryptoCoinArbitrage

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$WPP $HyFi https://hyfi-corp.com/

Even experienced investors can be scammed as they do everything to look like as it should ( website, WP, roadmap etc ).
This is why we need regulations to stop these scammers to raise funds and disappear without consequences.

DeltaX

sr. member

Activity: 644

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Quote from: 10BTCaDay on December 09, 2018, 10:18:28 AM

Quote from: Dilireba on December 08, 2018, 03:15:47 AM

Because scammed people don't know it's a scam ICO, they don't have enough information, don't make their own research, or the scam ICO is just too smart to lie investors that they are real and good project.

I agree that it is always mainly the fault of investors. because they do not do project analysis. but now people have become smarter.

Alright and so many people are aware about this situation and they will do any analyzation to determine how good the projects are. As you can see with the increase of the scam icos and that created so many smart people at the same time.

brixbounty

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I think that investors of such projects are people who are eager to earn more than they think about the safety of their funds. This leads to the fact that the scammers collect huge sums and hide with them. But now the market is getting older and the current situation due to the lack of quality ICO makes investors carefully analyze projects.

jayendo

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People are greedy. They heard the story of BTC and believe that each token can be as popular as BTC.

ryanfromrethink

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Lack of knowledge - the only reason. There is no other way to explain this situation, because sometimes very obvious fraud.

fuer44

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because the initial concept of all existing ico is indeed very interesting. starting from the whitepaper to the road map, it will definitely make everyone interested in investing. only, there is no guarantee that ico will succeed at the end of the period or not at all. therefore, ico investors cannot be blamed, knowing that ico is a scam or not is very difficult at the beginning of the period.

memFISTO

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People want to get rich, and nothing it does not do. I mean, there's no way to get rich without doing anything, and it is obvious to the majority of traders worldwide.

clickerz

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Backed.Finance

People invests because of a promise of a great return. But that is not always the case nor the outcome. People invests because of a great project, but this is a long term projection. Along the way a project may halt and you lose again. A promised to gain more profit always entice an uninformed investor, its good to always read fro other sources and weight in some options.

10BTCaDay

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Oikos.cash | Decentralized Finance on Tron

Quote from: Dilireba on December 08, 2018, 03:15:47 AM

Because scammed people don't know it's a scam ICO, they don't have enough information, don't make their own research, or the scam ICO is just too smart to lie investors that they are real and good project.

I agree that it is always mainly the fault of investors. because they do not do project analysis. but now people have become smarter.

kisfoxs

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Activity: 289

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They are still investing in the ICO project, of course, because it still makes a profit. But many people are not responsible for their work such as running an ICO project. Hopefully, all those who invest will certainly not want to get a fraud project. I think this cheat project is very difficult to detect. But these investors or bounty hunters have no intention of promoting fraudulent projects.

Dacosta Osei-Tutu

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Most people still invest in ICOs because of the high returns some people made from ICO investment in 2017 but unfortunately ICO investments is no more profitable because their prices fall drastically when they get to the market

liuqi

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LuckyB.it is Back!

All the peoples are normal human being so they don't know how the future market will move. But investors are must research the potential of project, This year many projects are failed and most of the altcoins are died so peoples are panic in ICO participation. My suggestion is you are check the softcap and hardcop, once it will reach softcap it will make good profit.

kethan

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Quote from: ivanleon on July 09, 2018, 12:58:01 PM

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?

We can not be sure that the ICO is true. He may have a good team and a good plan, but it can turn into a fake every second. This is something similar to the extraction of minerals.

passwordnow

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Leading Crypto Sports Betting & Casino Platform

They only know that when you invest to ICO, after the crowd sale, their money will multiply.

And this mindset has been spread and misunderstood by the new investors. They saw success to the early investors so they trusted it.

hovrah

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Quote from: chip1994 on December 08, 2018, 05:37:48 AM

Quote from: ivanleon on July 09, 2018, 12:58:01 PM

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 this current time when the bearish market still not come to an end, the Token sale of every ICO project cannot reach soft cap or hard cap due to the loss of the trust about future of ICO project. So that I think 2019, ICO will die if the market not recover.

The fact is that today, not only because of the large number of fraudsters in the company's ico market, but also because of the poor state of the cryptocurrency market, many investors left to buy coins on the stock exchange, and not during the company ico. This also adversely affects the development of new projects.

Negdan4ik

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The Exchange for EOS Community

in my opinion, no one knows in advance what will happen to the project in the future and certainly fraudsters whether it is so much to lose, and scammers earn on it.

chip1994

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HEX: Longer pays better

Quote from: ivanleon on July 09, 2018, 12:58:01 PM

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 this current time when the bearish market still not come to an end, the Token sale of every ICO project cannot reach soft cap or hard cap due to the loss of the trust about future of ICO project. So that I think 2019, ICO will die if the market not recover.

uniquark

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Quote from: kendedes on December 07, 2018, 11:38:43 PM

I believe that is because they don't know that the project they invest on is a scam, or in another word they believe that the project is legit so they end up making an investment in that project.

Currently many people invest in ICO projects without reading much information about the project, few people read their whitepaper. There are people who only listen to the advice of others but do not know the purpose of the project they invest

Robbie2334

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Quote from: ivanleon on July 09, 2018, 12:58:01 PM

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 they want quick results without thinking about the risk of what happens later.
usually this happens to beginners

Topic: Why do people believe and invest in fraudulent ICO? - page 7. (Read 3301 times)