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Topic: Why ICO'S Scamed since last year - page 7. (Read 11732 times)

full member
Activity: 574
Merit: 102
January 26, 2019, 04:34:34 AM
#76
I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??
There are a lot of scammers and they will always try to deceive. Until we learn to expose them, then fraudulent ICOs will continue their activities.
hero member
Activity: 1260
Merit: 524
January 26, 2019, 04:21:44 AM
#75
that's because people think by joining in ICO they would multiply their investment quickly, so this is used by con artist by making ico project that said their investment will double by joining in their project.

but not all ICO scam people, in 2017 study said around 80% was scam and here's the article on cointelegraph.
https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams
so 20% of it is a real ICO project that surely worth to invest on.

Greediness is what makes the market like this a poor industry. Most of beginner investors think that they could just go in this kind of market then go out with lots of money, they think they can just make money out of their capital with lesser time than the actual. This made the ICOs developer scam because of people's greediness and incapable of knowing the legit to not, They have seen the nonprofessional investing of people and so scam are scattered through the internet.

What you said is the main reason of the more ICO scammers, in simple view, their were lot of ICO scam because this ICO developer know that investors are greedy and when they got nice profit in one ICO so they started to blindly invest in all ICO and scammers started to scam as they saw easy money coming without any much effort.
legendary
Activity: 2436
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
January 26, 2019, 04:18:05 AM
#74
that's because people think by joining in ICO they would multiply their investment quickly, so this is used by con artist by making ico project that said their investment will double by joining in their project.

but not all ICO scam people, in 2017 study said around 80% was scam and here's the article on cointelegraph.
https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams
so 20% of it is a real ICO project that surely worth to invest on.

Greediness is what makes the market like this a poor industry. Most of beginner investors think that they could just go in this kind of market then go out with lots of money, they think they can just make money out of their capital with lesser time than the actual. This made the ICOs developer scam because of people's greediness and incapable of knowing the legit to not, They have seen the nonprofessional investing of people and so scam are scattered through the internet.
full member
Activity: 1512
Merit: 115
January 26, 2019, 03:56:39 AM
#73
because in my opinion quickest way to get a lot of money is to start ico and cheat everyone, so now there are so many scammers trying to cheat all investors
sr. member
Activity: 1009
Merit: 328
January 26, 2019, 03:40:37 AM
#72
I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??

In 2017, cryptocurrency market rising and reach highest market cap value. Its interesting people to scam people money and they creating fake and scam ICOs. In any situation, there is always people who want to scam others people and we should always make research before make investment in some ICOs
It seems to me that the year 2019 will already be with minimal risks of investing in new crypto projects. This is when compared with last year.
Yes I agree on that, I have notice that the number of scam ICO is increasing it has really a huge effect on some new ICO that is legit because investors now are afraid to invest due to the continuous rising of scam ICO on the feild.
sr. member
Activity: 1056
Merit: 251
January 26, 2019, 03:25:10 AM
#71
I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??

In 2017, cryptocurrency market rising and reach highest market cap value. Its interesting people to scam people money and they creating fake and scam ICOs. In any situation, there is always people who want to scam others people and we should always make research before make investment in some ICOs
It seems to me that the year 2019 will already be with minimal risks of investing in new crypto projects. This is when compared with last year.
member
Activity: 420
Merit: 10
January 26, 2019, 02:56:03 AM
#70
With many people knows the negative side of the ICO and the anonymity of the cryptocurrency, making many bad people using them for their own benefit, by creating any scam project. by providing any false information, they could easily getting their hand on a lot of money without doing to much effort, perhaps that what drive people to do something bad by cheating on another.
member
Activity: 602
Merit: 10
January 26, 2019, 02:47:27 AM
#69
I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??

In 2017, cryptocurrency market rising and reach highest market cap value. Its interesting people to scam people money and they creating fake and scam ICOs. In any situation, there is always people who want to scam others people and we should always make research before make investment in some ICOs
copper member
Activity: 686
Merit: 2
January 26, 2019, 02:30:33 AM
#68
The crytocurrency space is highly volatile and risky. ICO scam is on rampage recently due to the lack of regulation and the ease of token formation. Unscrupulous individuals take bride in deceiving the investing public, promoting ICO's with no intension of developing the project. In this situation the project is abandoned once there's a substantial increase in the price of the token and the developers dump the price to cash out.
jr. member
Activity: 448
Merit: 1
January 26, 2019, 01:46:25 AM
#67
They are scamming the people because they just wanted to scam you guys since a long time ago. The second answer is, they were not getting much funds to ran the project so they leave with the money gotten from the ICO.
member
Activity: 420
Merit: 10
January 26, 2019, 01:26:19 AM
#66
Not all ICOs are scam nor are created to scam. But as the crypto market becomes lucrative year by year, greedy people saw it as an opportunity to make more and easy money. Remember that bad elements like scammers, fraudsters and hackers do not stop thinking on how they can get money from others without even a sweat. Other projects, on the other hand, are not really created to scam. It just turned into a scam along their journey because they didn't survive the economic recession. Their devs just want to recuperate their investment at the expense of stepping on their individual investors. This is the ugly truth that the market slump brought about last year.
hero member
Activity: 1078
Merit: 501
January 26, 2019, 01:25:27 AM
#65
In 2017 the price of cryptos went high so ICO investment also become very popular and millions of money poured into new projects so whcih get attracts many scammers to do the same thing by creating fake site and fake team just because they also want to make that millions in easier way.
I agree. The year 2017 was the most scammers make the fake team for ICO's and they use bitcoin to scam big investors so that investors will invest to them not knowing that their capital is really not direct with bitcoin. They just put their money in a person that is not trustworthy.
full member
Activity: 868
Merit: 103
*Indonesian Professional Translator and BM*
January 26, 2019, 01:24:46 AM
#64
I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??

Firstly we must thinking about the market condition right now, Bitcoin and another liquid coin still not on healthy situation.
If we look ICO on last year's, it so much fake and fiction project. we can analyze with our own self. the team, product, and whitepaper concept are too simple and not credible. so that's why Investor are take a rest for investing ICO.
copper member
Activity: 112
Merit: 0
SIGMA
January 26, 2019, 01:18:31 AM
#63
I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??
because many people don't understand cryptocurrency and try to invest without understanding anything.
The target of a scammer is a person who is stupid who has never read about the project and has never heard of someone else's advice.
hero member
Activity: 1666
Merit: 502
January 26, 2019, 01:11:50 AM
#62
I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??
Because some people want money by scaming people and that method and is quite easy, it is very easy in my opinion because the high trend at that time became a lot of new investors who were affected by ICO scammers, they only needed an onepage or whitepaper that was copied and site.
full member
Activity: 1232
Merit: 186
January 26, 2019, 01:07:35 AM
#61
People at the moment do not trust new ICO projects because they are very poorly proven. The problem is the greed of the organizers of the scam ICO. This also applies to the market situation. We both know that we invested in ICO ETH. And the price of ETH fell very much.
ICO of eth? Are you pertaining to Classic Vision? If yes then sorry for you mate, that was not a legit hardfork of eth. Constantinople is the legit one and it does not offer new token at all. So don't get mad for dip on price of eth, get mad on the scammers who take the advantage of eth's upgrade instead.
sr. member
Activity: 784
Merit: 250
January 26, 2019, 12:59:58 AM
#60
Crypto is providing an extraordinary profit in the previous year. This gave the initiative to many people to also want to get big results from crypto. and as this appears a lot of scams becomes reasonable. ICO being remarkable things and this was used as a target to cheat easily for investors who do not heed seriously what they invested.
hero member
Activity: 2478
Merit: 512
Leading Crypto Sports Betting & Casino Platform
January 26, 2019, 12:53:28 AM
#59
Scammers want to be rich in a short time, and they take advantage of the crypto world which basically has no legal entity. as we know that 2017 is the glory of bitcoin and cryptocurrency while 2018 is the time when crypto starts down until now it hasn't yet recovered.
full member
Activity: 580
Merit: 101
January 26, 2019, 12:52:07 AM
#58
Latest price of bitcoin and altcoin excatly about ethereum price have drop is why many ICO have scam last year, we can counted just many ICO was success with have the same or higher price than ICO, almost many ICO was die and scam because lower and drop price. We need new way how to get profit with ICO investment project by choosing which one best and potential ICO for investing and have higher price after listing at exchange market.
full member
Activity: 714
Merit: 100
January 26, 2019, 12:47:22 AM
#57
This is very terrible, Many people lose the amount of their funds to invest in this scam project. Actually this scam project is very similar to a real project. They have a vision and mission in the future. And people always believe in that problem. Therefore the scam project is always there.
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