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The amount raised in ICO may help fund a project but it is not a determinant that such project will be successful. We have witnessed ICOs that raised enough capital but either exit scammed or turned out pure scam.
Is this not the same in the "real" financial world as well?
Enough scammers in every world, the onus is on the individual to do your due diligence and ensure you are investing in the right project and team for your level of risk tolerance.
I think it is fair to say we ALL got caught up in the last bull run and we ALL lost money...
Investing in anything is always high-risk, but I know there are good projects out there that deserve our attention and investment.
Well said!
The success of the project does not depend on how much money collected but on who is behind it. During the bull run, people did not do research about ICO at all, they just blindly sent money, which was successfully used by many scammers.
The most important is education and knowledge, which many investors lacked.
Thanks! And right back at you, people seem to lack accountability for the investment choices they made in the "never-ending" bull run. There's always someone to take your money if you want to just toss it at anyone with a BTC or ETH address!
There will be countless projects that come out that will make tons of money and provide great ROI's for investors, but your guess is as good as mine and my guess is probably different from yours... lol
