Bitcoin Forum

We have seen few scam ICOs.  I think during Bull phase when prices are rising every day; people are very much enthusiastic to invest in Alt coins by directly buying from the market and from the ICOs.  More and  more people then want to buy more and more coins because the price are rising day to day.
So as per my opinion the chances of cheating by scam ICOs are more while there is bull phase and the rising market.  So in a greed to become rich overnight, people sometimes buy such coins.  Even inexperienced people with greed; enter the market at those times; they become the easy target of such scams.
And during bear phase when the markets are falling; even good ICOs are finding it difficult to attract sufficient investors; so the chances of scam ICOs are low.
But I think we shall always be alert before investing; but more alert during rising market.

Yes, it is right that the risk of scam increase during the buul phase. The transaction increases during this time and the prices are also pretty good. This makes it more prone to scams. So I will advice all to be more careful in dealings during this time.

This is absolutely true. In the bull phase of the market, there's a lot of interest in the crypto space and because the market is constantly green, scam projects get churned out easily and because almost everyone is interested in making money, there's not a lot discerning by ICO investors

Yes it is true based on this greed can destroy many things also before investing we need to do some research mostly newbie’s suffers a lot based on greed they invest money in wrong place so they should invest the reliable one.

I totally agree with you. We need to be very careful from now on. The incidents of scams in ICO projects has increased a lot lately. Before investing, we must do our own research and and then make a decision.

The increase of scam projects or ICOs is due to morr people that are interested in investing to such ptojects to multiply there profits and that is why these people are taking up this opportunity to milk investors.

Yes it is true that the sheer greed is what causes their downfall. That is why it is very important for the people to be cautious and always to do their fair share of the research on the project that they want to invest in. And for the newbies, it is better to invest in the old and popular ones rather than the new ones.

Bull phase is the perfect time to launch the ICO project and make them listed on the exchange too. If you want to find the success stories in the way I mentioned here it will be widely give understand about the project. When you are looking to invest on the ICO also this bull run time is the good option for you.

Then all the time you can get the tokens along with the percentage extra in the pre sale time so utilize it better no need to worry about the other times.

I think that people who invest in cryptocurrencies should be extremely careful when choosing coins. Investing in an ICO is insane. Personally, I can not invest in ICO, because I do not have such a stock of nerves and money)

yes, it's true, greed is one of our greatest enemy, if something seems too good to be true, then probably it is

Greed deprives men from their senses and thus they fall into the trap of being scammed. The newbies are the common victim. And to fix that, they need to be more cautious and less greedy. They are investors, they are here for the long run and not just to make money and dash for it. This sort of mindset needs to be present in them

Maybe during the bull phase there is more money available to ICOs in general so scams might be more successful.  Scams in the bear phase hurt more since economic times were already bad to begin with and people are constantly trying to earn money.  But another thing is that sometimes we aren't seeing scams but instead are just seeing poorly planned business ventures.  Just because an ICO fails doesn't instantly make it a scam.  People should look at past performance and reputation of the ICO team before investing into an ICO.

You cant predit which token/coin rises and fall as the crypto market is huge. And you said aabout scam ICOs, do you have some list of scam ICOs so we will see which ICO you are referring to? We can check its graph and their roadmaps, because I am suspecting you are basing it fom short term investments.

Yes, this is true enough and the logic behind this situation is also practical. In the bearish market people just want to get reach and they have to think about investing at a very short time, so making mistake in that stage is quite logical enough because of the hurry.

I agree with you. At present scammers are always try to get the hype to enter and their promotional strategy makes all the newbies attracted and when the market started to get a reach all the investor also start investing in such area with their profitable money. We all should aware of this fact and no to do hurry in taking such decisions about investing.

Your analysis is really true. So, this is a warning for everyone to be more careful in choosing an ICO. Moreover, if you want to invest in ICO's coins. Nowadays , the scammers are smarter with presenting good looking projects. Just more selective in analyzing a new ICO.     

people will invest their money without doing research first since they don't want to lose that opportunity, this hype market is used by some projects to catch the Investors to buy their scam token. I think as an investor we must be aware of that situation and not take rash actions, make your own research before investing in a coin or project. I can't believe there is a service for creating a coin less than $100.

Indeed, this is sufficiently genuine and the rationale behind this circumstance is additionally commonsense. In the bearish market individuals simply need to get reach and they need to consider contributing at a brief span, so committing an error in that stage is very sufficiently consistent due to the rush.

people just want to take advantage of opportunities so they buy a lot of coins and I think it really needs to be done only we really have to be careful in choosing coins or ico because we don't really know which one will scam because everything looks convincing

Scammers are always active and they are always hunting for their preys. So people should be careful every moment in crypto world. And yeah too much greed can destroy one easily.

I am agree with you. During the bull period we will see more scam projects from my opinion. They will show mouth watering possibilities which can allure people without experience very fast.

I am agree with you. During the bull period we will see more scam projects from my opinion. They will show mouth watering possibilities which can allure people without experience very fast.

You are right. But we cannot just sit tight in the bull phase. We have to be more careful and aware before investing on ICOs. Everyone should check the project properly before involving in any investment.

This is the season we're you can,accumulate altcoins. But not good for ICO you better think people investing and hodlers are the ones who make a,bunch of money if bull phase occurs.

Yeah it’s true. Nowadays there are many scams in ICO projects. There should be more restriction for releasing ICO projects to make the creators of these projects more serious and reduce scamming. And obviously people should more careful.

Well I agree with you. Bearish period reduces the chance of getting involved in fraud projects. But we cannot wait for this. That’s why security issue should be increased more and people should be more aware.

That is true, it did happen last year during the heavy bull run, a lot of scam ICO proliferated the market, because people saw their money grew over night from the heavy bull run, they got generous with their fund and invested in anything at sight. I think people are wise now, I really doubt if they will greedily allow their emotions to dictate their investment during another bull run. Let's hope humans do learn lessons from history.

This is for sure. If the market is in a bull market, people will have a lot of interest in cryptocurrencies. Many people will get involved. People's greed can ignore all risks before investing, so we must always stay calm.

This is exactly a correct analysis of when to avoid buying from one of those scam projects !!

Definitely. The people will not analyze the ICO before they investing in a bull run market. They will make investments only looking for making some profits. That will be a good opportunity for scam ICOs. we need to prevent it.

I do not understand why it was necessary to publish this post??  He doesn't carry any information. Everyone knows that divorced a lot of SCAMS, and people still continue to invest in them. It would be better to publish how to filter out these SCAMS projects.

Yes, I agree with your opinion. Most of the people think that they will become rich overnight by investing in crypto coins. They don’t check also properly before investing. So, the fake researchers can cheat them easily.

Yep I agree with you on that. Since during bullish market practically every assets has green light people become more fearless and enthusiastic to invest. At first if they are hoddlers of some valuable asset - the overall growth of price could encourage to buy more, before investing they already start dreaming about huge ROI their investment would potentially bring.

They are rushing the ico because the are thinking they can try to earn fast bucks from there. Alright and all of these scammers will think about that. But the hype in the bearish trend will be reduced a lot.
Never try to rush any ico before try to do a lot of research about that.

Now many ICO projects that have collected money in 2017 are actively developing. I can not say that 100% ICO will be successful, but 25-30% will release their products to the market and this will be a breakthrough for the whole industry.

Cryptocurrency is getting popular day by day. Its price also not stable recently. So, there is always a risk to invest in crypto coins. It becomes worse because of fake ICO projects. So, we should be careful about it.

Many people who possess the least knowledge about how to hodl and win actually invest in the bearish times, as they have patience. I say you stay away from investing in the Bull run. Though there are many who just try to make money overnight which causes them a loss.

Yes, you are absolutely right. There are many ICO projects those who are working properly and the investors also can make a profit easily. But because of some fake researchers, people are getting afraid to invest in crypto coins. We should aware of it and should check before investing.

I partially agree with you. The scammers always target the newbies to get caught in their ideas and the over enthusiasts makes such sort of investments turning into loses. We should always be cautious.

I do not think that this is so, it seems to me that it is now difficult to collect anything from crypto-currencies, because few projects can really offer something very effective, probably it does not matter when this happens.

I think the risk that the ico is scam is same at both bull and bear markets. In fact, good icos tend to become sh*t projects during bear markets because their value drops and their liquidity massively affected. It also affects their implementation and spending for their activities mentioned in their whitepaper.

yes you are right. to protect us from this kind of threat we should be alert before investing. we should analyis the full details of the project where we want to invest. firstly we should look on their project purpose, their background. to analysis all of these then we should go  for this.

Scam is a kind of threat in crypto market. we should be careful before investing in any project. when the time of bull market people mostly get scammed on this time. we should analysis the market before investing.

There are currently many frauds in the ICO project. There must be more restrictions to release ICO projects to make the creators of these projects more serious and reduce scamming. And obviously people must be more careful and prevent more fraud victims from falling.

Yes, it's true that the risk of fraud increases during the bull phase. Transactions increased during this time and the price was also quite good. This makes it more vulnerable to fraud. So I would suggest all to be more careful in transactions so far. I think that people who invest in cryptocurrency must be very careful when choosing coins. We have to be aware of this and have to check it before investing. There are many ICO projects that work well and investors can also get benefits easily. But because some researchers are fake, people are afraid to invest in crypto coins.

i agree with you. there is high chance to get scammed when the price of the market increasing rapidly. we should be aware when investing in a ICO.

I actually makes sense from a logical point of view...if people are so enthusiastic and make a lot of money during a bull market, they become careless and throw the money at projects more easily, often without doing the required due diligence. 

Scammers indeed are much wiser nowadays as they knew that investors can be moved when the value of the market are pushing high, when bull start to show up, they easily adopt and make their own way to earn, you will never knew but we need to be more careful not because we are seeing potentials
we will not investigate deeper, its still needs to be well studied before doing anything.

yeah but lately many ICO postponed their sale due to market low.
So, the developer of the project won't sell their token cheap, it's a marketing strategy

you observations and conclusions are in line but there are also big chances of getting good ICOs during the bull run because it is the time where it is good to promote projects. my advice is do an intricate research on what you are investing.

Yes, I also agree with you that the rate of scam is always high during the bull market because everyone wants to make profit by all means but if we are very careful and take our time to do a research before investing in the project, we will not fall victim of scam.

Yes, I also agree with you that the rate of scam is always high during the bull market because everyone wants to make profit by all means but if we are very careful and take our time to do a research before investing in the project, we will not fall victim of scam.

A year ago's stellar execution of crypto tokens is by all accounts the reason which is driving most crypto bulls into new ICO extends in expansive numbers.

An underlying coin offering is a raising money technique where new ventures offer their crypto tokens in return for different cryptographic forms of money like Bitcoin and Etereum or fiat cash.

I agree that the risk of scam during bull phase is high, but some projects choose to put their ICOs on hold during unfavorable market conditions or at least till the market attains some form of stability. I know for example that MF Chain shifted its ICO date due to the current trend of the market, but just because an ICO holds during bear phase doesn't necessarily mean it is legit and the same also goes for ICOs during bull phase.

We have seen few trick ICOs.So according to my assessment, the odds of tricking by trick ICOs are progressive while there is bull stage and the rising business sector.

It is a great article about ICOs scams. Yes,regarding the market up and down,the scams are becoming more viral and dangerous. People should know how to avoid the scams.

ICO scam is a dangerous thing that happens regularly with the users. But all should know how to avoid them by following some easy steps like avoid malware download, avoid easy and unbelievable profit policy offers etc.

Doesn't really matter, so long as people do their due diligence, the odds of being scammed by an ICO is actually extremely low. I have lost track of the number of times I've investigated a potential ICO investment option, only to be turned-off by something or other. Typically, I find out news later down the line that the ICO was actually a scam.

Luckily I haven't been stung by any of these yet. But for real guys, do your damn research before investing. If everything isn't exactly PERFECT do not invest as you WILL lose your money.

yes you should be careful about you investment. you should justify before invest. scam are more harmful for investment. it will destroy your investment that's why you should aware about scam ico.

Even in a bearish market it doesn't signify that scam icos are low.There still projects who do really still tend to scam investors.They might not able to raise up millions of fundings but accumulating hundreds of thousands would really be already sufficient for them to run.This is the effect of those frauds which in a bear market when a legit project do launch crowdfund then most of the case they will surely fail and I cant really blame investors to lose up confidence on investing due to the past that they had experienced.

SCAM ICO are more risky and we should totally avoid it. it will causes of our loses. we should increase awareness. it will save our wallet.

There are many ways to avoid the ico scams. People should learn them very, specially the new users. Otherwise they will lose huge thing and will be disappointed. This should be published more in many sites.

These days no state whether the bull phase or the bear phase is safe. There are so many scam ICOs with various ways to manipulate investors with fake promises. I think we should be careful always

scam ico are more risky and it is causes for lose. if you want to save your wallet you should avoid this. we should invest here carefully and increase awareness.

I have a different opinion on this. Experienced investors wont purchase ICO, they will be thinking of taking profit. Most investment was before the bullish move last year. When ethereum was high this year it only lasted few weeks and I think the ICOs may not take their funds then, believing it might rise higher. Last year had higher hardcaps that are unreasonable high than this year. more measure are taking this year to identify scam ICO and reveal them.

I think main culprit is pathetic greed of many investors on bull phase. We lose out senses to earn quickly and start investing on various ICOs which later turns out to be a scam. So this all is within our mentality

No, he was right, as the market went up, so many new investors would join the mayor, they were afraid of the opportunity to miss. However, they are the most delicious prey to be fooled. And a lot of new ICOs came out when Bitcoin hit the $ 20000 mark

ICO authority are now very conscious and aware about the security policies so if after that much security such things happen then it is really unfortunate, I think if we stay safe then we can protect ourselves from these kinds of things

well it is unfortunate that the users have to face such kinds of situation but it is not complete authority mistakes sometimes because of greed to earn fast and much we make mistakes and allow scam thing on our transaction do we need to be careful and conscious

to be honest with you it is sad but true that you had to deal with scams if you want to do trading on the online world and it increases a bit when the market on bull riding condition  yes if we stay aware then nothing can harm us

Yes, you are right inexperienced people are trying to buy coins.It is very enexpected for the regular user of bitcoins.People must acquire the perfect knowledge about the cryptocurrency and we must take care of rising market.

Either bull phase or bearish phase, people are scammer because they are greedy or they lack information
If you are greedy, you want to buy a token sold at ico for 0.5$ at the rate of 0.2$

Then when they are scammed, they start disturbing the forum; never go for cheap things
Never crucify victims too

Be smart and always do your own research

Well we cannot say what would it be . It would be increasing or decreasing but still if it a scammer it would be scam . It is better to gather information to make it more useful to you and avoid being scam as well

I don't think so, personally I have witnessed more ico scam in this bear market compare to during bullrun. What is prevalent during bullrun is FOMO, alot of persons FOMO in the the raising coins so as not to miss out on the potential profit, that's not scam

That is just the basic truth. During the bull market, their is a lot of excitement in the market and this makes newbies fall for a lot of scams as they are very much excited to invest and make massive gains

I agree with statement. When bull phase lots of scam ico present. But we need to collect all information about that project when we invested our money...

Bull phase or not, it depends on a those scammers how will they present and raise their ICO. If their website presentation look very realistic, alive social media accounts and using well known team members faces then someone or many will fall for it. All we have to do is do our own research before investing.

This very often happens. Unfortunately, it is very difficult to influence this. It is necessary to carefully analyze the projects.

I think that number of scams the same on the Bullish and Bearish markets. But on the Red market chance to realize scam is minor. Because investors activity is very low.

During the phase of the bull when the crypto market is constantly growing, fraudulent ICOs are definitely becoming larger and this is a fact. We need to fight fraud in the crypt industry and come up with new methods to combat crypto swindlers.

Well that is very good observation. I agree with this. And one more thing, it is true that the number of ICOs scams is increasing in bear phase recently. So every phase has become risky today

This is actually bitter truth that people make silly mistake when they cannot control their greed. When market is on the bull phase, people become more interested to invest and scammers try to take advantage of this situation.

Newbies should be more careful before investing on an ICO during the bull phase. Many ICO offer too much profit but truly do nothing but take away the capital from the investors. No one should be attracted only by high profit.

Scammers will always try to take advantage of the investment by fooling the investors. When the price rises, scammers become more active as there is too many investors look forward to invest. Everyone should be cautious about this.

That's not an easy task to find promising ICO but if anyone tries to analyze ICO before invest and check properly, it's whitepaper they can be able to find promising ICO and they will be benefitted by avoiding scam ICO.

I have to agree with you. During a long bull run, people are in a complete ecstasy and not even paying attention to what are they buying in a particular coin offering. Greed becomes stronger than it should be and we are making riskier decisions which are making our portfolio smaller and smaller. ICOs have a difficult time right now. Investors are afraid of buying, but it has some positive effects as well: they are doing an actual research! Only high-quality projects are able to start their own startup after reaching the soft cap. I am in favor of the current situation, team members can not speculate a lot and they have to build a product in order to gain attention from the public. Teams that are tirelessly improving their platform in time when no one believes in them have a chance to be rewarded in the upcoming bull run. We need some quality, and this is the time when we are getting it piece by piece  :).

It is perfectly natural, when scammers come to the place where there is a lot of money. If there is a decline in the cryptocurrency market, then the number of frauds decreases. This is good, because cryptocurrency world is clearing in such a way.

That is the reason why all investors need to be more careful everytime they invest their money because scammers are always everywhere and it's hard to stop those scammers with their bad doing.

Yeah, proper due diligence is what anyone need to always be concerned about to be able to get rid of investing in scam ICOs.
There are still scam ICOs that has been pushed out even during this bear trend, so it does not really matter what the trend is.

It is not surprising though since during bull periods, we always get to see new investors coming into the market and since all they are after is getting rich quick, they are gullible enough to fall for anything and that makes the idea of having quite a number of scam ICOs during this period rampant.

To be able to that , investors must practice a safety precautions such as investing only to a trusted source and investing only what they can afford .

risk of ico's are always there no matter what is the status of the market .

if ever you dont like to take the risk , then better divert your  capital to some guaranteed investments like bitcoin or altcoins .

In bull phase if i see many ICOs will stopped or paused their projects and token sale for few months becouse rhey worrie about prices and that investors will be more carefull to join some ICO.And about scammers they be and will be all times when crypto have big money to reach and go out.

I don't believe this, there will always be scam irrespective of market situation, I can't agree less that there would be more ICO's during bull market due to the attractiveness of the market and the Success rate of the genuine ones are higher due to the increased value of the coins used in the purchase

Either it is a bull phase or a bear phase, ICO scams are always usually there. However, it is understandable that the enthusiasm to make a lot of money from new investors mindset and the sentiments in the market during bull period makes it easy for the scam ICOs to get rampant and as many people are getting happy with the market, their judgments can somehow be clouded with a lot of newbies entering into the market within this period.

Well, In my own opinion, I think that the risk of falling for scams, and coming across scam projects is during a bear season. People are very gullible this season, they are anxious to earn so much from the downtrend in the market, and as such, fall very easy for the tricks of these scammers who only seek to do anything to benefit just themselves.

During the market be in green, news and the hype is just to lure investors who new to the crytpocurrency world and scammers takes opportunity of such time to exploit newbies. It is that time forum members can intensify education of potential scam projects to newbies for them to learn and desist from such projects.

We own now can see how with a awful lot of ico present conditions which led to the scam. We must be alert, because some of them are also utilizing email and other media to deceive us.

I don't know if someone keeps such statistics, but it seems that scammers conduct their activities all the time and regardless of market trends rob people. During the bull run they can certainly "earn" more using optimism among investors.

Strange remark, I can not understand what it is connected with, probably mixed bulls with bears, because the risk as a whole is always present and completely depends on which direction you are going to play

That's why many people say that the right time to buy it is when it's red and when it's the right time to sell when it's green.
If the ICO is the same, when the ICO is done during a Bearish market and finishes when it is Bullish, the ICO is profitable.

not just in a particular phase of the course. but the scam has indeed been much going on especially for this time because certainly, many who started assessing the field of crypto started big enough can make a great value. always be alert is definitely a liability because when just washed the flow alone would easily get caught up in this scam.

Yes there is always a higher risk of scam during the bull phase since there is a lot of money and people are more inclined to invest in new coins when they have a lot of money to spare. That is why you see that majority of the scams are run when the market is in a bull and they are more successful with it. Now there is not a lot of money in the market so they are not making a lot of it

In fact, now the bear market and the number of scams is as large as during the bull market a year ago.

That is true, unfortunately.
I have not been there for so long, but the scam ico does not seem to get less.
For that the reputable projects are becoming less and less.

I believe so, because most of the investors, especially the investors that still lacks knowledge about the coins that they want to invest. Especially for bull run, the investor got FOMOed and never care about its background of the token. It may be a scam coin. So better make use of your time and do your own research first.

Crowdsales generally raise more funds during a "bull phase" as investors are actively trying to cash in on a rising market but scams exist regardless of what phase the market is in so you should always do your due diligence if you're seeking to invest in an ICO even if it has a good benchmark rating and decent reviews

yes as some other guys said i think scammer can work in every phase of the market since the lessproffesional wich only writte to u in telegram groups claiming to be people the are not to some guys who build web fo fake icos and a lot of thing in a very proffesional way bbut investor everyday are smarters they should be fre courses how to detect scam icos for new investors

That's right. In bull phase, most of coins rise, so people have money to invest and they invest it in ICOs.