Bitcoin Forum

Stunning research about ICO market comes from Cointelegraph:

A recent study prepared by ICO advisory firm Statis Group revealed that more than 80 percent of initial coin offerings (ICOs) conducted in 2017 were identified as scams. The study took into consideration the lifecycle of ICOs run in 2017, from the initial proposal of a sale availability to the most mature phase of trading on a crypto exchange.

Read more at: https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams

So what about year 2018, will it bring us more of scam ICOs or less?

Obviously, it was so. And even without special studies, from my personal observation I can confirm that most of the projects that I was interested in in 2017 ceased to exist even without going to the stock exchanges.

really dreadful news, i wondrr how imana pged to avoid scammerand pd to stay more or less positiove abput everything

It's true? I hope that this is not true, because in that case we will see very soon how patience of people and faith in the crypto-currency world will end. This is not serious. It turns out that we invest in scammers.

this is duch a hige per spcent, the siruation nedds to be changed, but can we, common peoplendo agout it?

There are some questions to study here:
a) Do not mistake a bad idea or business with a Scam. A scam is designed to deceit the investors. A bad idea is a result of human stupidity.
b) Many of those ICOs are relatively unknown. Anyone can launch an ICO that may not even get 1k in funds.

I think the statistics are much more terrible, maybe 90% of all ico are scam. Even if they try to promote their project and make every effort, few will succeed.

There were 90% of the ICOs were scam in 2017, some projects were launched with the intention of scam, some projects betrayed by team member, some projects failed because of lack of support, some projects were failed to list on the big centralized exchanges because of higher listing price and they failed to create the liquidity. In 2017 approximately around $6 billion USD were raised and that has been surpassed by the Q2 2018, so this is clear that in 2018 ICOs will raise double money as compare to 2017 from their initial coin offering and token contribution. ICOs become the trends in 2017 and at that time there was not any awareness platforms were available for the investors, but the things have been changed now investors are more aware now with the help of lot of YouTubers, ICOs related website and our bitcointalk forum to identify the scam projects easily. So the chances are minimum this year that lot of projects will fail. Only if centralized exchanges will minimize their listing fees lot of ICOs will survive if their project have unique concept and something to contribute in the cryptoworld.

I'm not surprised. in this a lot of money and of course scammers can not pass by
But anyway there are good project too

You should know that if ICO wasn't able to collect Softap or some unexpected disaster happened later founders are obligated to return major part of raised funds to investors.
My guess is that the article talks about "scams" that never returned even a part of funds raised to their investors.

in 2018, there will be even more scams, if I previously invested in ICO and made a profit, then this year all my investments are unsuccessful and brought losses.

I think you should Go ahead and see the Good ICO's like Pundi X, Kakushin Ecosystem, EOS, Datablockchain like that.

You are wrong. Up to 90% of ICOs projects in 2017 are a scam, and 8% of failed projects are not profitable for investors as listed on exchanges. People always think that ICOs are an excellent choice of wealth, but after investing in ICOs, there are a lot of investors who are failing.

Asking about 2018?then for now i guess were having 95% scammers and 2 percent pump and dumo meaning only 3% are reliable and may bring profit to us

I dont know if that statistics are accurate but upon seeing daily concerns about scamming in reputation i might say bigger percent are there just to victimize

And nothing to do to bring us  earning sad to admit but its true,dont wait to become a victim keep distance on those

2017 is the ICO boom year and of course comes with it's scam. That makes us thoroughly study before investing in it

Actually, not all ICOs are scams. You just have to dig deeper on your research to find out which ones are legit. Of course, reading the whitepaper is very important as well as checking the team behind the project. Here's a good example of a good upcoming ICO that I think is very promising. Check out VLUX https://vlux.io/

I don't think that's the way it sounds though, I think it's talking about ones who didn't manage to receive enough funding mostly.

Yeah thats why research is a must especially in crypto, where all is digital. You are investing without meeting the team in person.
But not all ICO are scam. Some are gems. Research and participate in the community and be updated on the project before investing.

Cannot say anything on the % terms but definitely some of them are real scam or some of the ICO do exists only for short time and later that get removed from the exchange or its value decreases and become worthless and never bounce back. So one need to be careful while selecting such ICO.

I have no doubt if this year, there will be no less scams . Many investors fail .

I think that's more than that. The actual situation is that more than 90% of projects are junk and scammers. There are really very few projects that you can really participate in and have to develop. You can look at so many ico projects, and very few have released the main network.

Its absolutely true with this record, and also during the last quarter of last year  the lending coin ico too add more scam to the records.

Woah. That's a lot. Maybe there should be a superior organization that should control it...

nah, 100% of them were scams. only that some of them have been more successful scams in hiding their scam and uselessness and also were more successful in getting pumped in a better way. other than that they are still shitty scams made for money-making purposes from gullible newbies :D.

The number of ICOs generally for year 2018 is more than 2017 and this is an indication alongside other indications that there will be more scam ICO this year. As a matter of fact, i can count the number of times i was exposed to scam ICO last year, but for this year, it is more. Notwithstanding, there a lots of good ICOs this year.

The results of Q1 2018 demonstrate that the modern ICO market is directed towards transparent regulation and control: a number of escrow services are functioning, projects are being developed for hedging and insurance of risks, standards and systems for project evaluation are being improved, and an international regulatory and legal framework is developing. The market moves from muddy and scams schemes to platform solutions and open dialogue with investors, developers, and insurance companies.

scammers can freely create scam ICOs and can get away with it easily. so they can start again and again. they can't be stop and they will not stop as long as there is still people to be fooled. we should do our research to possibly avoid this scam projects.

What a pessimistic attitude? With such approach we can consider entire crypto as a scam and bubble ;D
Actually there are plenty of successful projects and interesting ideas among ICOs from 2017.

I am not surprised with this all, all possibilities can happen, success or scam, but definitely do not get discouraged, do not give up, try choosing a good ICO, because there is still 20% ico no scam, and I suggest you to try chynge https://chynge.net is good ico in my opinion.

and this year there are even more. in General, it became impossible to find a normal project without getting to the scammers.

this year is a scam project to be more. and in my opinion today the factor of it all is because they want to be easy to make a profit

In my opinion, the article is close to the facts that have occurred. This makes investors more loyal to ICO in 2018, preferring to invest in a more solid crypto and a top 20 in the crypto market cap.

Here is a quite big list of dead coins and scam projects you may find interesting:
https://deadcoins.com/

yes, and I'm a victim of lending ICO
after that I learn a lot and I never invest in any ICO, just wait after they listed on the exchange, then I started to invest
I think, better to be a trader than investor

Sorry to hear that mate. Lendings appeared to be a huge problem for the reputation of crypto.
And yes, it sounds like a good idea to purchase tokens after ICO on the current bearish market.
As for trading, from my experience it will take years to become a successful investor or trader.
 

80% scams in which way, as in like leaving with all the money right away (like a planned scam) or did they just not manage to deliver?

My guess they are talking about planned scams and technically failed ICOs that never refunded their investors.

Actually it's the truth, they run ICO for only one purpose, get money from us, after that they get disappear.

and 20% does not perform good at all now. This is clear when you look at the dominance of bitcoin now.

I hope no more scam/low-quality ICOs in this year. Some projects failed, not mean they're scam.

that sounds logical, well, technically failed ICOs - should/could the money really be redunded? in a sense it was collected to fund a project, if it then fails, it's not really fair to get the oney back as the money was supposedly used in the first place?  ???

I think that's true, in 2018 I think the number of phishing projects is not less than 80%, so you need to be vigilant to avoid making yourself a victim of fraud.

Actually it's the actuality, they flight ICO emblematizing particular lone point, cue bread from us, abaft that they cue vaporize.

Certainly there will be fewer ICOs in 2018. Because everyone has experience in identifying which ICO is Scam. So it is very hard for the scam ICO to appear at this time. But with this market ICO good and quality also can not survive

It based on their research, about my research : yeah there are so many scam projects but at same time there are few good projects that get poor attention from people. I think there will be less ICO ini 2019, and investors run away with disappoinment.

I based it on my experience, yes a lot of ICO are scams, some of them are paused, some didn't pay bounty hunters and most of them failed to enter the market, and if they managed to get in the market, the price is very low compared to when you bought it in their ICO stage and there could be more scam project this year because majority of the investors are so picky.

it is undeniable that 2017 is a phenomenal year for ico and cryptocurrency, but between some good and potential ico, some of them are ico scams but not up to 80%

From my experience over 70% of ICOs failed by some reason and about 70% of failed ICOs were just a pure scams.