I Can tell you how people got into this into one simple word.
GREED!

People just realized how much money some real investors made a couple of months ago, since they invested before all this ICO crazinesses was at full, back on 2016.
Then, dumb people think that they can too become rich.
Nevertheless, there are these smart people (the people behind ICOs) that also realized that dumb people want to become rich, so they sell them that promise, and everything works.
Dumb people buy richness promises, and smart people sell richness promises. There is a market for promises, and the money can flow.

Smart move by the ICOs, dumb move by the buyers.

Lets see how much time do the dumb people take to realize they are being scammed, and most importantly, how much will this affect the legitimate crypto world.

It seems that people simply don't get it, even after the price floor is gone.
First, they said that it was impossible for the price floor to disappear, now they are delusional that the price is going to increase.

Wake up people, Bancor is a pool inside an Ocean called Ethereum.
The concept behind Bancor is a Ponzi scheme, nothing less, nothing more. The only way the price can really increase is if more people buys it.

On the other side, the real Crypto price is truly decided by the market.

It seems that there is a lot of dumb money going on these days. So many people wishing to loose money.

I just hope that people are prepared to loose their money and don't whine about it, they were warned so many times, that they just decided to blindly loose their money.

I still find incredible how much scamming is going on these days, this is just going to bring a bad reputation to the crypto world.

Maybe the people will use their cells between their ears to actually take action and cut their loses before they lost serious money, it is still not too late.

Hello True Flip,

I already supported your project through the ICO.
Anyway, I read that you were giving free tickets, can I try one? I want to test my luck and the great product that you are building!

I would really appreciated to have one free ticket.

Thanks!
Regards,
-doverman

You are quite right sir!
This is already shown on Google when you search for "eos ico". I truly think that we are making a public service by exposing this huge scam.
But on the other hand, do these people really need training wheels when talking about crypto and ICOs?

Talking from an evolutionary point of view, the dumb people investing into this ICO shouldn't be advised otherwise, since they those are laws of the nature, the least evolved being lost, making room for the most evolved being.

What I really can't stand is people that, after showing them with facts how they are being scammed, they simply deny it.

Anyone giving its money to this EOS ICO should be seriously mind handicapped, because I don't find another explanation for a 1 year ICO that doesn't give coins instantly, but just a few every day.

Two words: mind handicapped.

Great news fellows, Bancor smart token will be worth 100x by tomorrow! Because a lot of people wish exactly that.
Sorry for this bold statement, but this is exactly what people want to hear right now, that their investments are going to multiply overnight, 10 times, or 100 times.
There are other people which think that by the of the year, or maybe in 5 years, Bancor token will be worth 10x, 100x, or 1000x.

The reality is that this market was already pumped up, showed by the huge capital that was already invested on the ICO, as well as other ICOs.

Sorry guys, but this is not how bitcoin, ethereum, or any other big crypto won the market, there weren't people wanting to become rich overnight, or in 5 years. There were people seeking to improve the ecosystem, with something new, fresh, and based only on the idea of helping the ecosystem.

I have invested in some ICOs, but what I don't like about this ICO craziness is the greed from the developers, I can understand the greed from traders, that the whole point, but from developers, wanting to raise as much money as they can to later see how to make sense for the investors as the money vanishes

Sorry for not sharing your thoughts, but this is definitively not how ethereum came to life, or bitcoin, or any other big crypto, this is how the greedy pump and dump 2.0 is coming to life.
Do you remember how a lot of shitcoins, or scamcoins came to life after bitcoin success, back on 2011, 2012, 2013, just to get the money from investors. Well, right now it is the same, but multiplied by 10x, there are shitcoins coming everyday, and what they all have in common is an absurd cap, or even uncapped, ICOs.
Please ask yourselves, do these projects really need that amount of money? Obviously not.
Remember how all those shitcoins broke 5 years ago under that scammy pump and dump scheme. This is pump and dump 2.0, or if you like the smart word, this is the smart pump and dump.

Please, please, please, please, be very careful, and not too greedy, when investing on these ICOs, there are good ones, but be specially suspicious about uncapped or huge ICOs.

And please, don't go away crying, or whining, when shit happens, because it will happen, but please, don't do that. You knew the risks.

I'm worried for the repercussion that this pump and dump 2.0 scheme will brought to the crypto word, namely ethereum, because I truly believe on its potential, not for becoming rich, but for society, efficiency, transparency, and a fully democratized economic system.

This is my first post ever on bitcointalk. I have always read this forum as guest, only reading the comments.
Nevertheless, I really want to comment the following. I want to warn would-be EOS (or similar ICOs) investors, into not loosing their Ether.

Finally someone is pointing this out. I can't believe how greedy the investors have become to actually invest into this madness. They are litteraly giving their ether to the EOS guys. If they want to give money away, the should consider a charity, or maybe a small donation to people like us  
Anyway, I find unacceptable how greedy the developers have become.

Put it this way, make an ICO that last for one year, anyone can contribute from day 1, but the tokens are released daily, during the 1 year period.
Obviously, because the tokens are being released gradually, but the investors have already put their money on the tokens, they are going to be worth much during the first phase, which will only pump the coin by convening the false illusion of good ROI. The good ROI is only for the (very very very very) early investors, that had their tokens on the first days/weeks. By the end of the ICO, the tokens are going to be highly depreciated, and a lot of people would have lost a lot of money.

Please people, think on the ICO terms before investing. Some things to have in mind before investing into an ICO:
* How many coins will be issued?
* How will the coins be distributed?
* What is the roadmap?
* Technical pitfalls, copycats, improvements, etc.
* Most important, how much would the token's market valuation be by the end of the ICO?

It doesn't make sense to invest into an ICO that already started with a 400 million market cap, since just by a 10x increase, it would have reached 4 bln. This is huge! Since there are just a couple of coins that have achieved that.

I can't believe all the greed that is going on with these ICOs.

Anyway, although I'm sad for projects like this (they can bring bad reputation to the cryptoworld once they collapse), I'm happy because the projects in which I have invested are not being flooded, so my capital hasn't been diluted on irrational ICOs.