Why do people have no faith in ICO's? - page 8.

hotBriX001

jr. member

Activity: 224

Merit: 6

The revolutionary trading ecosystem

Quote from: upisdown on March 30, 2018, 03:18:16 AM

ICO's image is a little bad because people think it's a fraud. This idea will change one day, but first everyone has to trust ICO if the project is promising and good. If the number of participants increases, ICOs will succeed and nobody will be afraid of it.

Some people in the community are thinking FUD about ICO's. Maybe because they are already become a victims of scam ICO's. Their faith was losing to trust again with ICO's but these are not the end of them. Maybe in the future if they will move on and find the good and honest ICO with promising project and they will succeed and paid off. All their negative experienced will disappear and strong faith back to ICO will remain.

ramayjen

jr. member

Activity: 112

Merit: 2

Because they lack of research and reading. Before joining any ICO please do urself a favor. Research, research, research.. Or else it will be worthless.

AzamNurWahid

member

Activity: 658

Merit: 20

probably because too many ico scam are popping up so many people are fooled and lose their money ..
one more that i see from an ICO that is when listing price is far below ico price which make investors lose their money also that is why many investors do not trust ico

alonelyorange

member

Activity: 532

Merit: 10

the ico have scam many investor and no body trust the ico now, they are only give good promised when they are release their coin and their ico when they are talking about their ico is potential for the future, but everything was bullshit and they make many people lost their money, where their coin have not price and there are nothing the exchange wanna sell their coin, so it why all of investor stop trust the ico and the united state not allow the ico transaction.

Layonk

member

Activity: 210

Merit: 10

Quote from: wel24 on March 27, 2018, 11:00:47 AM

maybe , They heared from other people who got scammed from some ico.Also they are not educated enough aboujt the project.Before investing ,we need to read, research and observe the ico or project if its legit and the people behind are real by just checking their social media accounts.And always remember invest the money where you can afford to loose.Dont invest you family badget.

People nowdays not really know about what is cryptocurrency and hownit works.
Thats one of the big problem why they dont have faith to crypto and also ico.
They have to believe to cryptocurrency to build the trust to it.

DeepChipolino

member

Activity: 658

Merit: 11

The first answer in this topic was exhaustive. Of course, if you invest money in all projects, you will necessarily encounter fraudsters. Researching projects, I have no impression that 80% of scammers. Not even 50%. But scammers use agressive advertising.

AdamSv

jr. member

Activity: 189

Merit: 1

Now more and more information is coming that the ICO has more than 80% of scammers. Although in reality it is not. Because people are rowing with the same brush of scams and projects that just are unable to start. Are two different things. Not all startups survive to their birth. There's nothing weird about that. Always wins the best offer. Just learn how to filter ICO by their usefulness in our world, as well as study teams. Just study the information about what you need to start the project and compare it with the information on the ICO. Because to run the project we need not only the IDEA of and MONEY. There are a million other important factors that fundamentally affect the ICO.

GREENPEACE34

member

Activity: 642

Merit: 12

RiveMont

Everyone has their own experience and someone got a loss from participating in the ICO and then does not want to take any more risks. I think it is necessary to approach the elections of ICO more carefully and not expect a quick profit.

upisdown

member

Activity: 322

Merit: 10

ICO's image is a little bad because people think it's a fraud. This idea will change one day, but first everyone has to trust ICO if the project is promising and good. If the number of participants increases, ICOs will succeed and nobody will be afraid of it.

judaspriest

full member

Activity: 1330

Merit: 100

C O M B O

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

what do you think ? I think you are not a newbie like your rank.
talking about ico investment, one must be well aware of what he is doing. even more so in funding his money on some crypto projects. yes, knowledge is the most important part. if someone does not have the slightest knowledge, how will he be able to believe in an ico?

coolws

member

Activity: 126

Merit: 20

As is known to all, there are too many ICO projects in the cryptocurrencies and most of them are scam ICOs which would let people distrust in ICOs even if it still has great projects. What's more, there is a long way to earn money from ICO and full of risk. Not everyone has enough patience and wait till coin has reached up to the great price.

wel24

member

Activity: 275

Merit: 12

maybe , They heared from other people who got scammed from some ico.Also they are not educated enough aboujt the project.Before investing ,we need to read, research and observe the ico or project if its legit and the people behind are real by just checking their social media accounts.And always remember invest the money where you can afford to loose.Dont invest you family badget.

boboyboi

newbie

Activity: 146

Merit: 0

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.

royalcrypt

member

Activity: 456

Merit: 10

That's not completely true. People are still joining bigger ICO's in large numbers. Only difference is that they are getting more cautious because of many fake ICO's.

Klovezio

member

Activity: 350

Merit: 11

Hi, As for me, when you are investing in a project in an ICO you are investing in the idea of the project. You read the white paper and if you think that the team is credible and the project has promise than you invest. So, basically, you have no idea whether the project will even be successful or not. Over 90% of the startups fail and blockchain projects are not immune to that as well.

Smeilz2017

jr. member

Activity: 165

Merit: 1

HI : HEALTH

Hi, One can`t disagree that ICO attracts a lot of scammers: Because there is so little paperwork involved in ICOs it attracts many scammers who can simply create a bogus white paper and make off with a lot of money.

Psalms236

jr. member

Activity: 126

Merit: 1

People have no faith in ICO's because they think that almost all of the ICO's are scam and not legit. That is why the number of investors are decreasing.

webmone

member

Activity: 287

Merit: 10

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

People doesn't believe in ICO because only 10% of all projects are really succesfull. Just some time before I have read some information about it. It must be some kind of service for ICO investors where it will be possible to find to find right project.

galkinn

newbie

Activity: 45

Merit: 0

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

This is because once a person gets burned with a project, he starts seeing similar projects with same opinion. Most of the fraud projects are harming genuine ICOs as well .

arthurgrand

jr. member

Activity: 182

Merit: 1

I personally still believe in icos a lot because when you choose you projects right, it's the best form of investment in this space

Topic: Why do people have no faith in ICO's? - page 8. (Read 1112 times)