Bitcoin Forum

Going up on coinmarketcap and reading stats about cryptos will reveal that there a lot of cryptos in the market and most of them are not even known and one surprising stuff is that more and more coins are being created everyday, and there is the new coin(electroneum) which seems more like a refurbished Ponzi scheme(that's what I think about it though) isn't there a way for the springing up of new cryptos to be controlled as it seems like bitcoin is the controller of all the cryptos because once BTC starts to drop all the others follow the trend.

the way i see it, ICOs are the new way of gambling these days. and people seem to love to gamble with their money.
every day a couple of new ICOs start without any reason and without doing anything. they just create a "name" or a brand and start asking people to give them money! and the worst part is that people do give them the money they ask for because they gamble to earn a reward by doing it.

this can not go on forever though. it will end sooner or later as these ICO platforms clog up and also when people realize they are losing more money by blindly handing their money over to scammers.

Means people have started noticing the alarming rate at which ICO's are being started and the worst part is that people still keep buying into this scam programs without doing their own studies to know if that Crypto would stand the test of time.

ICOs are going to continue despite any sort of regulation. Too easy for people to get money without much work. They will probably get far less when people realize they arent making money but people will always fall for some.

Each month 200- 300 icos are coming to market. There are much more chance of scam.

Well it's easy money so yeah. It's only going to get worse for as long as people keep getting into them.

Actually the scam is becoming something else but if i may ask,because this  is what i don,t know,how will one research to know  the ICO platform that is for real and that it will stand the test of time?

What's alarming is how the overwhelming majority of them are scams. They give legit ones a bad name, taking away from their potential client base.

a couple of years ago it was another wave of scams where different people created a new altcoin every single day and premined the shit out of it. it took a while but eventually people caught on and stopped looking at any coin that had any kind of premine.

nothing has changed from that day except the way the scammers are making money. ICO has taken the place of premined shitcoin. and something else will soon take the place of ICO

BTC will always be the market leader. When BTC drops so do most Alta. The same is true for when there's a bout of positive growth.
The BTC markets consist of BTC/FIAT and BTC/ALTS. BTC has a much higher trade volume spread over the two then the specific Alt markets. Thus, when BTC/FIAT falls, the less BTC/ALTS traded. In a way it's kind of a cyclical system.   
Re the ICOs, - most are scams. Petty projects where the devs are looking to make some cash. Here today, gone tomoorw. There are a few legitimate ones that actually serve purpose but these are a minority within a minority (unfortunately).

Thats why investors are starting to get tired of investing in ico majority now ard scams. Especially those ico project that doesnt have working product yet. In my opinion before conducting an ico developers should have a working product or even beta of their tech to convince investors to invest with them.

many ICO Many Scammers But Many Pumps

I hate the way how government interfere with crypto, but I believe in terms of ICO, I think they need to regulate it for the sake of our fellow investor from getting scammed. I wish BitcoinTalk.org's Bounty section must be moderated by a SEC employee too. Give them power to banned or remove those who failed from submitting the required docs from ICO..

I agree completely. So many ico's, its  hard to choose the successful ones. I have only invested in one ico so far. I feel great things are to come in the future just have to choose the right ones   :-\

As I find these ICOs that look like mushrooms are the result of bad people who just want to rob those who believe in their schemes. We know that crypto is flactuating what happens when you buy expensive price and when it comes to exchangers, the cost is only a small amount. So many people are fooled like bullshitcoins produced by the ethertrade company

For me some ICOs are useful. Like those who created their own coin that they will exclusively accept.
But I also heard of some scams, so I'm being careful when it comes to ICOs.

Most icos are scam, but there are some good ones , you just need to watch and invest carefully

It really is getting out of hand. It's a problem when new / inexperienced people looking to enter crypto sees this ICO as their first taste of crypto and end up getting burned. The fact that ICOs use facebook / instagram to promote to unsuspecting people... really worrying

ICO project is a kind of mobilize capital and there are a lot of people want to succeed in start up so there are a lot of new ICO projects appear everyday. But there are some people wanna scam money from other people and ICO project is a good way to scam. Because of the huge number of ICO projects, it's really hard to find out a good project to invest in beside it's really hard to control these project that why few countries banned ICO project to protect investors in their country like China, Korea,...

and many dumps!

that is the important part that everyone forgets. they think since some pumps happened for a couple of them, it has to happen for all of them. but when they face the reality they see that they have been buying into a bubble.

Not a controller but a pioneer and a standard on which every cryptocurrency based. ICOs has become a profitable business in cryptocurrencies world because investors are taking too much interest in it due to its possibility of earning huge profit.
I strongly agree with this, it is in fact a gambling, either you win a big amount or you loose everything.

I see no problem in the amount of ICOs. The problem is the ICOs without a good ground on what to do with the project (just to make money quick?). A lots of the new ICOs come from platforms that you can create a token really easy and quick like Ethereum (ERC20 token) and Waves. But governments are watching this closely and that's why people are now doing airdrops. They give you free token and you and the devs wait if the tokens get accepted by the market (let's play). The stock market after all is a game that people like to play (Forex included).

Yes of course ICO will continue forever, even that will make ICO project will be more in next year, because keripto world in the next year will increasingly in demand and Bitcoin price will be higher. Maybe you mean wrong is not very easy to make money in the future, it may be more difficult to get Btc because BTC price in next year will be higher.

The problem is not promotion of ICOs in social medias, the problem is that people can’t or don’t what to read all documents and check ICOs on their validity. I personally suggest to do several steps before given investing money: 1) read docs and look at the content and quality, 2) meet team members or try to chat with them, 3) make a sanity check of ideas validity, 4) google more about team, 5) try to make personal meeting or visit the team.

this is the right reason.
China bans ICO.
there should be strict rules about ICO, and all ICOs should be selected.
ICO is like a race, but not legitimate.

This increasing numbers of ICO is one of the factor why bitcoin's price is soaring up. Imagine the vast amount of advertisement that ICOs flooding the social medias. The number of people being aware of the existence of crypto currency are increased.

Yes it is a fact that some of the ICOs failed but if someone invested on it and failed the ICO made them be aware of crypto currency and eventually will be into bitcoin after the failure.

No doubt, the unregulated Crypto market has led to huge influx of unworthy as well as scam ICOs. But the biggest reason for so is the never ending greed of investors. Most of the investors have nothing to do with project or its feasibility. All they look for is the amount raised and possibility of profits after ICO ends. That is the major reason why present crypto market is too volatile. It has almost zero real utility to support the prices. The market fluctuates all of speculation.

You could start asking the dev of a very picky and hard one question. You can do your research here because it's too many to mention. Most of these ICOs being created were scams and more likely the dev are going to collect your money by selling their shitty coins which it doesn't have any value at all.

with many emerging ICOs that only want to get the funds from the investors and the rest just looking for these profits, is merely a symbol of ignorance of the fraudsters, in other words, it makes bitcoin considered negative in some countries, but many ico that can grow the power new with high retings they will be able to break the crypto market so it can compete with other projects,
link to moneyrebel
https://bitcointalk.org/index.php?topic=2212650.0

Even if the Cryptocurrency is a decentralized operating system, I do not condone the rate at which ICOs are springing up every now and then. I will be of the strong opinion that a mechanism/policy be put in place such that it regulates the creation of ICOs. The regulating body helps in maintaining adherence/compliance to strict and basic requirements needed for the introduction of new ICOs; very key. People are able to have integrity in selected/screened ICOs.

I have seen a lot of Scam ICO's here and they even hacked legendary member accounts for promoting their ICO's. These ICO's are nothing and they just want to scam the people.

Only few ICO's are real and they come up with plan, how to make money from their ICO's etc. Scam ICO's never had plan and they lead to scam people money without paying a dime.

Now that's where the problem lies. There are tons of ICOs daily and its even hard to differentiate from a real ICO to a fake one. If there is any measure that can be put in place to help the clean the cryptosphere then I think it would be a great stuff

I was scanning  through a web page containing pre and after sales of ICOs I was overwhelmed with the numbers of ICOs in the market, which makes it difficult to know which one will be investment friendly, I think there should be a regulatory body to monitor all these ICOs to avoid scams.

I do not see anything wrong with the different ICO that is springing forth on daily bases. There is nothing on earth that have advantages that do not also have the disadvantages too. Majority of the ICO are used for getting fund to bring any innovative nurse idea to reality.

Because of decentralization, there is no set rules and regulations for a new coin or token launch. Sometimes investors suffer a lot of loss due to this, but one can be saved if stay aware and alert. Always research about the founders and team of the token before investing. Just don't invest on seeing the popularity and fundraised in pre-ICO as it can all be a lie. So always invest on the concept and team.

True people are either lazy or just lack the knowledge to know what is a good investment of ICO and what is not.  They sometimes goes for the ride of having discounts during ICO and sell them the first time the ICO had its firs exchange.  Oh well we cannot blame them.  Profit is profit and no one will refuse that.

As much as i hate it, i really don't think anyone can do anything to stop these ICOs that come out of nowhere. Really pisses me off. Specially tose too obvious scams that are clearly effortless in the making. And those coins that are driven by having profit alone. This just irritates me to be honest. But sadky, as what i have said, we cannot do anything to stop it,  so better ride along with it and take as much as we can from all of these ICOs and learn to watch our own backs.

So many icos for some they work others there is really only a few that profit and succeed. It is a big gamble getting involved with one but sometimes it pays off. Remember bitcoin started small with relatively no worth and look where it is now.

The almost everyday cretion of new ICO's does not only endangers the financial status of the would be investors.  But also the cryptocurrency in general,  since there are ICO's specifically created to steal people's money.  And this has been crearing bad ompression for the cryptocurrency,  some people now calls bitcoin as a scam due to this fraud ICO's.  

I can't say I agree with that assessment. Early markets are like the wild west, very little security or regulation, lots of cowboys and everyone shooting up everything in sight.

Over time, people adapt to the market and start building businesses and making changes that make it safer and easier to transact. ICOs are very very young as a concept - I'm sure we'll see some innovation over the long term, but not before we see some epic busts.

*Gets popcorn*

ICO's have come a long way and continues to exceed our expectation. ICO as a new business model leveraging blockchain technology will sustain as the digital way , combining crowdfunding and a new hybrid asset class of equity ownership and currency.

The one who caught my eye is Propthereum.io. They are an upcoming asset backed coin. If you are interested in investing in ICOs, i suggest you check them out. They are expecting a 1566% coin appreciation in a short period of time.

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