Topic: Why Most ICO's are SCAM ? - page 2. (Read 4491 times)
many devious and mischievous developers who want to earn money by cheating, this is a crime in the ico project, and we must be really mature when investing in ico.
I believe in the immense value of the ICO market. In the past, there really were a lot of useful and truly successful projects with profitable investment opportunities. But now the situation has changed dramatically - there are too many scammers, so many investors do not trust this market.
I think that is not only the reason, one major reason why ICO has decline is because major currencies are dumping. When it's dumping, less people are only buying, causing lack of investment opportunity for ICO, but I am still optimistic market will recover and ICO will be great again.
I believe in the immense value of the ICO market. In the past, there really were a lot of useful and truly successful projects with profitable investment opportunities. But now the situation has changed dramatically - there are too many scammers, so many investors do not trust this market.
Thank you that painted , but of course most projects do not have a product and they want to make money quickly, so few people want to develop the project
Most of the projects earn and make up a project development plan in order to collect money from investors and sell useless tokens that will not be developed in any way in the future.
Do you know that most of the ICO's are scam .
Well if you don't here are some reasons behind it :-
1.) Most of these ICO's have no business model
2.) Most of these ICO's would never be profitable
3.) High Market cap for a project / ICO with no development , code or any past experiences
4.) Most of them have a 1 year roadmap which means no vision
5.) 5 months of hard work and for that they get Millions in funding
6.) Dumb people running the shitshow
7.) Behind the scenes it is all about Money
What makes an ICO legit ?
1.) Working product
2.) Practical Use case
3.) Legit Team
4.) Limited Funding ( Based upon Fair Market valuation )
Why are these days ICO raising so much money ?
Answer :- People are dumb and greedy they want to invest in the next ETH , STRATIS , WINGS , EDG , IOTA , XEL but they do not understand that Stratis had less than 1000 contributors and most of these ICO's happened during bear season when most of the people were not active in the scene .
Should I invest in ICO's ?
Yes , some ICO's are legit and can be good investments such as MobileGo , Edgeless , Civic etc which can yield you good ROI in long term but then always due diligence is important .
Should I invest in ICO's with high marketcap ?
No , High marketcap means a lot of people have invested in an ICO seeking for quick buck or the ICO team has been dependent on marketing to get more investors which makes a lot of weak hands so when the marketcap is not able to sustain the demand and supply the price will likely go down . When the price goes down is the time to invest but not during the ICO .
I fomo like a noob during ICO as I don't want to miss it .
Well then you are a fuking sheep who want to buy in today and be a millionaire tomorrow well it does not work that way , you can always buy after it hits the exchange . Always have a good risk management system in place where you are able to manage your risk/reward ratio according to your portfolio .
Always :- Ask tough questions to the team and you will know the reality
Best Regards ,
VerthagOG
I am not actually agreeing with this. Because I still believe there are so many ICOs succeed even if the market is down as of now as you can see the market itself you will see how the market really dump. Still it is in a matter of choice whether you like the ICO or not. Youre the one should gather information about that ICO. Well if you don't here are some reasons behind it :-
1.) Most of these ICO's have no business model
2.) Most of these ICO's would never be profitable
3.) High Market cap for a project / ICO with no development , code or any past experiences
4.) Most of them have a 1 year roadmap which means no vision
5.) 5 months of hard work and for that they get Millions in funding
6.) Dumb people running the shitshow
7.) Behind the scenes it is all about Money
What makes an ICO legit ?
1.) Working product
2.) Practical Use case
3.) Legit Team
4.) Limited Funding ( Based upon Fair Market valuation )
Why are these days ICO raising so much money ?
Answer :- People are dumb and greedy they want to invest in the next ETH , STRATIS , WINGS , EDG , IOTA , XEL but they do not understand that Stratis had less than 1000 contributors and most of these ICO's happened during bear season when most of the people were not active in the scene .
Should I invest in ICO's ?
Yes , some ICO's are legit and can be good investments such as MobileGo , Edgeless , Civic etc which can yield you good ROI in long term but then always due diligence is important .
Should I invest in ICO's with high marketcap ?
No , High marketcap means a lot of people have invested in an ICO seeking for quick buck or the ICO team has been dependent on marketing to get more investors which makes a lot of weak hands so when the marketcap is not able to sustain the demand and supply the price will likely go down . When the price goes down is the time to invest but not during the ICO .
I fomo like a noob during ICO as I don't want to miss it .
Well then you are a fuking sheep who want to buy in today and be a millionaire tomorrow well it does not work that way , you can always buy after it hits the exchange . Always have a good risk management system in place where you are able to manage your risk/reward ratio according to your portfolio .
Always :- Ask tough questions to the team and you will know the reality
Best Regards ,
VerthagOG
Everyone is trying to take advantage of the momentum right now. My strategy is the same for all investments whether cryptocurrency, stocks, and startups.
First and foremost:
Team
First and foremost, I invest in people. The questions I ask are:
Traction
Traction enables me to understand someone's passion, hustle, and results over a period of time. The question I ask here is:
Idea / Concept
It's never about the idea. It's always about the execution. Hence why this ranks lower than traction. The questions I ask are:
The answers to all of these questions give me a good sense on whether or not I should invest. While it is still possible to make money from momentum investing, I recommend everyone employing due diligence and ask the same questions above prior to making an investment.
First and foremost:
- Team
- Traction
- Idea / Concept
Team
First and foremost, I invest in people. The questions I ask are:
- Are these individuals I can trust and share the same values with?
- What experience does the team have in this space?
Traction
Traction enables me to understand someone's passion, hustle, and results over a period of time. The question I ask here is:
- What traction has the team achieved over the past quarter, six months, etc?
Idea / Concept
It's never about the idea. It's always about the execution. Hence why this ranks lower than traction. The questions I ask are:
- What problem does this solve?
- Is this an idea that I'm passionate about and care offer value to?
- Is the idea / concept aligned with my values?
The answers to all of these questions give me a good sense on whether or not I should invest. While it is still possible to make money from momentum investing, I recommend everyone employing due diligence and ask the same questions above prior to making an investment.
The situation is that nowadays we can easily find the scam ICO among good projects, so I do not agree with the statement that most ICOs are scam.
I agree with you people's intention and interest need to be changed as they don't have faith in ICO's these days as a lot of people in this forum made ICO's as a false source. Like posting such stuffs on the above. All they want to see is atleast they need to reach the soft cap.
very soon the model of ICO will change. there is already a lot of news about what SEC seriously wahtching on new ico projects. in the future there will be much less scam
Everything is very simple. There is no idea and future, everything is simply copied from more successful projects and investors are not driven to it. So most projects do not even collect soft cap. And most likely at least some collected funds are not returned to investors.
You explain too much why many ICO scams, but I only agree from all of your opinions there is only one goal, namely money, it's all about money and greed, human nature that is very dominant today.
Scam happiens because a lot of peoples still believe in fast money. They are still on the wave of 2017 (in their minds). Those who create scam ICO projects just want a fast money and they create a one day project's which expires also in one day.
There are just too many ICOs for a person to focus on thoroughly reviewing the flaws on a part time basis. The community should organize in groups that focus that focus on a single ICO and review in detail.
Yes i think you are little-bit correct. There are too many ICOs in market and people are misguided every time with wrong information. So they feel hesitation in which ICOs they will invest. On the other hand qualified team are not engaged with ICOs so that they can not know how a ICO would have to be succeed. Lastly present market condition is also responsible to unsuccessful an ICO. Investors are in fear of their money so that ICOs are going SCAM.
There are fraudsters in any field of business. Where there is money, unfortunately there will be scammers. And ICO is unfortunately not an exception.
Why most of the IcO project are scam?Because there are many stupid people here thats willing to become a victim,this is why this damn scammers are continuously creating project that has only one purpose,and thats to victimized investors and campaign participants.maybe this is the main reason for this rampant scams happening around the crypt community
The situation is that nowadays we can easily find the scam ICO among good projects, so I do not agree with the statement that most ICOs are scam.
I think that most ICO's are scams, because ICO is a very easy way to make money on fool peoples, which dont understand what is cryptocurrency at all
Guys, how do you differ scam projects?
There are a lot of criteria by which you can check scam projects. These are the team, hardcap, code, and more. If you are new to this, you can hardly figure it out right away.You can choose the project, analyze it, and then compare with reports of famous experts.
You can also see the statistics of project scores for all top experts. For example, it's quite conveniently on http://topexperts.io. If the individual estimates fall out - it's a reason to think.
Guys, how do you differ scam projects?
There are a lot of criteria by which you can check scam projects. These are the team, hardcap, code, and more. If you are new to this, you can hardly figure it out right away.You can choose the project, analyze it, and then compare with reports of famous experts.
Because all want to be enriched and to do nothing, and so it is very much a Scam, sometimes it's just not a working product, and sometimes the team is not able to realize such a project!
Guys, how do you differ scam projects?
There are a lot of criteria by which you can check scam projects. These are the team, hardcap, code, and more. If you are new to this, you can hardly figure it out right away.You can choose the project, analyze it, and then compare with reports of famous experts.
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