Because most of them just want to get the money of the investor's,
There are so many scam project because there are also many lazy investor's who aren't reviewing or doig some background check at the team and the project.
Topic: Why Most ICO's are SCAM ? - page 3. (Read 4476 times)
Speaking about scam ICO seems no end to it. Those scam keep on appearing, In my opinion that is because someone wanting to get an easy money without doing so much effort, and doing a Scam ICO is a simple thing to do and there are still no regulation about it, and it's hard to track it, making all the bad people has their way to do that.
Guys, how do you differ scam projects?
The emergence of ICO has changed the world of investment. The market volume and the abundance of inexperienced users make cryptocurrency an attractive target for hackers and scammers.
Because many of them are being setup as self-enrichment tools.
Even the fairness of the intentions is doubtable.
The principle behind an ICO is something I still support only the executions are very poor.
And some extremely succesful ICO's that have been supported in the past are just delusional projects.
Even the fairness of the intentions is doubtable.
The principle behind an ICO is something I still support only the executions are very poor.
And some extremely succesful ICO's that have been supported in the past are just delusional projects.
Because creating an ICO for fraudulent investors is so easy they always try to create them. to cheat young and inexperienced investors.
All this scammers see ICO as an easy way to scam people of their hard earned money. They create fake project, hype and advertise it and believe me, people start investing in it. Over the years a lot of ICO have turned out be scam. Extreme caution is needed before investing in a project.
Because now there is such a situation in the market that you have to deceive someone, or deceive you. If you are not happy with both directions, now it is better to be out of the market.
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
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.
Your post is very clear about the reason why most ICO are scam. Thank you for deep analysis. From my point of view, there are more and more scam ICO because it is really easy to create fake ICO with fake team, fake, roadmap,...
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
That is a useful information you give here. I believe it would be good for everyone to know about that scam ICO and legit 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
It should be able to reduce any scam ICO to be created, cause many people aware about it and will be able to avoid to join into any Scam ICO.
IMO the other things that can make ICO are turned into scam are because some past investor are just like a little bit disappointment with how the project are performing after ICO. The hype on the last years on ICO things was very crazy, but the result are so imbalance compared to the their roadmap.
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
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.
Because they aren't regulated....So its free money for the creators and noone will hunt them down if they pull an exit scam.
Most ICOs are scam because most of the investors didn't take much time on reading their whitepaper and even researching the team if its legit or not. They all care about the hype of the project, that's why many investors get scammed of this projects because the lack of knowledge on how to choose a legit project and to distinguish if the product has a real use-case in the future.
There are too many ICOs on the market that we can not manage. So ICO scam is absolutely possible.
So when you join an ICO you should do it with reputable people and consult people on the forum, check regular Telegram.
So when you join an ICO you should do it with reputable people and consult people on the forum, check regular Telegram.
Most ICO projects are fraudulent because this activity allows you to collect huge amounts of money, anyone can conduct ICO, and this activity is not regulated by the states. Apparently, until this activity is regulated, the percentage of fraud will remain large.
No regulation is possible, the governments may try to create regulation for icos but like always the problem is how are they going to apply those regulations in a market that was a specifically designed to avoid being subject to the regulations of the governments? So in my opinion even if there is a regulation nothing will come out of it. 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
In 2017, 80 percent of the ICOs conducted were scam, and I know it’s likely to be the same thing with this year: majority of the ICOs are just scammers. And according what I read on Cointelegraph, total funding was $11.9 billion and 11 percent went to scammers ($1.34 billion). 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.
But is there ways you can avoid them? Yes there are many ways you can avoid scam ICOs. But since you have already stated the reasons, maybe I should just drop a link for those that wants to know more. Check out Investopedia, the site really helped me a lot in telling which ICOs/cryptocurrencies are scam and which ones are not, https://www.investopedia.com/tech/how-identify-cryptocurrency-and-ico-scams/
They are not scam. Due to the market conditions the most projects cannot collect the funds that they need. If an ICO collected 1 million USD instead of 5 million USD, they won't continue their duties, because it won't be enough.
Lol, I still don’t agree with that. None of them who does that are legit, they are just a cryptocurrency exit scam. Most of these ICOs you see that seems to be legit are exit scam. They pretend to be legit and keep running their cryptocurrency or ICOs and once they have gotten money from investors, they will quickly disappear, leaving investors lurching from wall to wall, Lol. 
because there is a lot of money. which they collected from many inventors. they want to get instant benefits with short term. so for that they made a form of ICO project which ended in Scam
I think that most of the ICO projects have been authentic and reliable at the beginning. Due to various factors in the later period, the project has not developed, and finally the project identified by investors as a scam. So good projects must have a good team to operate.
Projects that are created in a falling market are very closed and inactive, which is why investors begin to think that they have invested in scams.
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