Why do people have no faith in ICO's? - page 4.

Valuyet

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Digital Wealth Management Platform

Quote from: steve321 on May 13, 2018, 10:21:15 AM

people have no faith in ICO becase there are more scam in the past, and it's hard to tell clearly ,so before investing in Ico, you need to study the company, read the white paper and make sure its business is legal.

one of the scam bounty campaign that I joined early this year was Denaro.io.
scammers bagged investors' investments worth of almost $10 million and has reported to authorities but until today there's still no news or updated regarding the scammers and their whereabouts.
THis is the main reason why there are now less ICO investors except for those ICOs that have best dev and marketing teams.

Valuyet

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Digital Wealth Management Platform

Quote from: veraro on May 08, 2018, 08:06:12 AM

Many people know very little about cryptocurrency and ico. But they heard about scams in crypto and about investors who lost their money. So they think that all ico is scam and don't want deal with it.

I agree, please who do know about Bitcoin, altcoins and blockchain technology but still they have lack of knowledge when in terms of ICO investments.
there are too many crypto young investors today that are eager to invest on ICOs but they lack knowledge and experiences that's why most of them aren't earning higher profits over experienced investors and traders.

steve321

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people have no faith in ICO becase there are more scam in the past, and it's hard to tell clearly ,so before investing in Ico, you need to study the company, read the white paper and make sure its business is legal.

Valuyet

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Activity: 168

Merit: 29

Digital Wealth Management Platform

IT's because there are too many cases that has been reported that people were get scammed on the ICO stages that's why I don't buy coins through ICOs but instead I do invest only when that new altcoins bumped on coin or crypto exchanges and more especially when it's get listed on coinmarketcap.com.
I have fear that I may lost my hard-earned money when investing on ICOs that will take away my money and my investments.

veraro

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Harmony for One and All

Many people know very little about cryptocurrency and ico. But they heard about scams in crypto and about investors who lost their money. So they think that all ico is scam and don't want deal with it.

Jizel

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Activity: 252

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And why should people believe in ICO's? This is a completely new movement, with money and associated with increased risk. As a roulette - today you are a millionaire, and tomorrow a beggar. Far from all seek to risk what they have, for the sake of a possible win. Today read the news that bitcoin again fell in price, amid allegations by Microsoft founder Bill Gates and Berkshire Hathaway head Warren Buffett that the crypto currency is "badly finished." If such giants claim this, then what kind of confidence can we talk about?

kaylinmaxx

newbie

Activity: 84

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This people who don't believe in ICOs are the people who were once a victims of scams,due to some factors,specially lack of knowledge about what it is,sometimes we cannot blame them also but the truth to myself is that,we must not worry about it,as long as we keep on holding crypto together faith will always be there.ICOs are always good as long as you have to know what it is.I know about it and I still holding my faith about it.

juditPolgar

newbie

Activity: 147

Merit: 0

I personally think that person may have a bad experience in following the ICO. They get exposed to ICO scams or when they follow ICO the results they get are very small and harm them. Or they may not know how to find good quality ICO so they do not believe that ICO can give a profit. So Too many people are starting to claim that it is all bullshit. Yet it is clear that many ICO is successful and thus only the problem becomes a little selective.

Radio-Active

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YOUC - https://www.youengine.io/

Quote from: Therightone on March 08, 2018, 08:40:59 PM

I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything

i think it is because too many icos already scam many investors.
it will affecting the investors. they will be more careful to invest on next ICO.
resulting many small ico not collecting enough funds to succeed.

crypto_gaint

newbie

Activity: 28

Merit: 0

People dnt have faith in ICO's as there are many scams involved but there are some ICO's which are genuine are are pretty different from others. There's this ICO going on for an Australian company called BlockGrain.io They’re aiming to automate the supply chain with Grain and later on Fruit/Vegetables/Wool. The sale has started.

You might also be interested in their BlockGrain.io bounty thread https://bitcointalk.org/index.php?topic=3332256.new#new

Tosyn2

member

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Scam ico are common these days, it is no easy to find a real project. That is why many investors are so scared of investing, it seems investors have no faith in ico anymore because of that.

Sid3d

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A very large number of ico is a scam, unkind people do this to raise money, suddenly stop ico and delete all data from the Internet. And investors who have participated in such ICO and lost their money, and mostly they think about fraud about all the ico that are going. It is very difficult to find a really high-quality project.

filipeandre

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ICOs are unregulated (99% of them) and there are many scammers out there.

TonyFat

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there is no faith, because there is a lot of scum and garbage, it's hard to find good projects among this mess

riskrocks007

newbie

Activity: 168

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People who don't understand or underestimate the value of the ICO's will have no faith. People will have their own opinions they need to study and understand before having faith or coming to any conclusion.

fernandoaleixo

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Activity: 126

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Community Manager at Bitsurf.eu

Quote from: kier010 on April 27, 2018, 03:55:48 AM

it is not about faith it is about the facts. faith without the support of facts is not good and the end result will be very bad. it needs facts first before you believe in that project or else you just blindly following that project. also many ICOs today are scam and they improve their way of doing scams and sometimes what you see that you believe to be true might be false. so it is good to ask others if you don't know if the ICO is scam or not.

This person right here says everything, because of scams, a good ICO needs to be REALLY good and CLEAR, with supporters and everything.

kier010

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Activity: 532

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it is not about faith it is about the facts. faith without the support of facts is not good and the end result will be very bad. it needs facts first before you believe in that project or else you just blindly following that project. also many ICOs today are scam and they improve their way of doing scams and sometimes what you see that you believe to be true might be false. so it is good to ask others if you don't know if the ICO is scam or not.

Pasadoble

jr. member

Activity: 336

Merit: 7

I think they made bad investments earlier, and bad examples and experience resulted in lose of faith.

giogio0504

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some projects are really good and promising, we just need to be more careful to avoid scams. At this moment i am looking at Ambit Mining ICO, and I believe in this project.

anahata

sr. member

Activity: 523

Merit: 300

Most of them struggle to even get listed on exchanges. I remember there was an ICO named sharder protocol, couple of months back, it was too hyped. And now whoever bought in is crying. It's not even trading. I have been burned by football coin in the past in the same way.

Topic: Why do people have no faith in ICO's? - page 4. (Read 1112 times)