Why Most ICO's are SCAM ?

[BTcoint]

do you know why !!! Because many experience programmers found it easy to create ICO with a nice graphic and logos using ETH or WAVE blockchain so no hard-work required to crate a project like before with owned blockchain.

[Pr3ttyBoyAJ]

Do you know that most of the ICO's are scam .

Well if you don't here are some reasons behind it :-

1.) Most of these ICO's have no business model  
2.) Most of these ICO's would never be profitable  
3.) High Market cap for a project / ICO with no development , code or any past experiences  
4.) Most of them have a 1 year roadmap which means no vision  
5.) 5 months of hard work and for that they get Millions in funding  
6.) Dumb people running the shitshow  
7.) Behind the scenes it is all about Money


What makes an ICO legit ?
1.) Working product
2.) Practical Use case
3.) Legit Team
4.) Limited Funding ( Based upon Fair Market valuation )


Why are these days ICO raising so much money ?  
Answer :- People are dumb and greedy they want to invest in the next ETH , STRATIS , WINGS , EDG , IOTA , XEL but they do not understand that Stratis had less than 1000 contributors and most of these ICO's happened during bear season when most of the people were not active in the scene .

Should I invest in ICO's ?  
Yes , some ICO's are legit and can be good investments such as MobileGo , Edgeless ,  Civic etc which can yield you good ROI in long term but then always due diligence is important .

Should I invest in ICO's with high marketcap ?  
No , High marketcap means a lot of people have invested in an ICO seeking for quick buck or the ICO team has been dependent on marketing to get more investors which makes a lot of weak hands so when the marketcap is not able to sustain the demand and supply the price will likely go down . When the price goes down is the time to invest but not during the ICO .

I fomo like a noob during ICO as I don't want to miss it .  
Well then you are a fuking sheep who want to buy in today and be a millionaire tomorrow well it does not work that way , you can always buy after it hits the exchange . Always have a good risk management system in place where you are able to manage your risk/reward ratio according to your portfolio .  

Always :- Ask tough questions to the team and you will know the reality  

Best Regards ,
VerthagOG

Everyone is trying to take advantage of the momentum right now. My strategy is the same for all investments whether cryptocurrency, stocks, and startups.

First and foremost:

• Team
• Traction
• Idea / Concept

Team
First and foremost, I invest in people. The questions I ask are:

• Are these individuals I can trust and share the same values with?
• What experience does the team have in this space?

Traction
Traction enables me to understand someone's passion, hustle, and results over a period of time. The question I ask here is:

• What traction has the team achieved over the past quarter, six months, etc?

Idea / Concept
It's never about the idea. It's always about the execution. Hence why this ranks lower than traction. The questions I ask are:

• What problem does this solve?
• Is this an idea that I'm passionate about and care offer value to?
• Is the idea / concept aligned with my values?

The answers to all of these questions give me a good sense on whether or not I should invest.  While it is still possible to make money from momentum investing, I recommend everyone employing due diligence and ask the same questions above prior to making an investment.

Great analysis and after trying my hand at an ICO a couple days ago (CoinDash) I believe I learned my lesson. Should've done way more research. What ICO's do you have your eyes on?

[olushakes]

Any one who falls in the hands of scammers really have himself to blame although one cannot be totally careful because there have been some projects that possesses the characteristics op explained and still turned scam but only few would rn out that way. But with proper understanding and basis of what the project is to rely upon, I don't think anyone should be blame other than me if I just put my money is something blindly simply because I saw the ICO ANN thread nicely designed.

[Achargeturry78]

actually ICO's was crowd funding. It is upto you if you will invest or not but they are showcasing their project and ideas to the people and conductiong ICO was their main fund for the projejct or ideas they want. It is up to the investors if they will support the project or just get invole on the crowdsale to get some bonuses and just sell it after the ICO.

[ActiveP]

A fool and his money are easily parted. I don't blame the scammy ICO's, I blame the public that buy into these scams. Any reasonable investor worth his salt would do a thorough background check, before giving their money to total strangers on the internet. Some of these ICO's have nothing to tangible to show, their management teams non - existent but yet people give them money because some stranger on the bitcointalk says it is okay to.

[maeusi]

Bitcointalk is the right place to look behind ICO projects to see, which backgrounds and innovations are served with the new currencies. Also to look, how big the community already is and to see, if their are only anonyms or real persons.

[In the silence]

Most of the investor knows how to play the game. They play the ICOs like a trading platform. Investing huge money and will cashout in the beginning of exchange with their 20% to 40% profits, leaving the newbies hold their coins forever. All activity in the forum are risky not just ICOs. We have to be smarter than the scammers.

[bitcointarget]

Most icos are not scams. I disagree with you strongly here. If you know the team, project and road map, it will never turn into a scam. It will only take some time to make a working product, as expected.

[asdalani]

Because people are all over the idea of becoming millionaires from their cents in very short time, and ICOs show them they magical thing just one step away and hence... they don't think enough from their brains and get conned.

That’s usually how it is with fast money. I won’t invest in an ICO unless there was a point to it. If I really wanted to use the project and what it offers has something that I want in the near future then I would try to help the coin out. That is the only time I would join an ICO, if I really wanted to get rich then I would have to make a bunch of money then join every one of the top 100 coins and wait a few years.

[savon2k]

Do you know that most of the ICO's are scam .

Well if you don't here are some reasons behind it :-

1.) Most of these ICO's have no business model  
2.) Most of these ICO's would never be profitable  
3.) High Market cap for a project / ICO with no development , code or any past experiences  
4.) Most of them have a 1 year roadmap which means no vision  
5.) 5 months of hard work and for that they get Millions in funding  
6.) Dumb people running the shitshow  
7.) Behind the scenes it is all about Money


What makes an ICO legit ?
1.) Working product
2.) Practical Use case
3.) Legit Team
4.) Limited Funding ( Based upon Fair Market valuation )


Why are these days ICO raising so much money ?  
Answer :- People are dumb and greedy they want to invest in the next ETH , STRATIS , WINGS , EDG , IOTA , XEL but they do not understand that Stratis had less than 1000 contributors and most of these ICO's happened during bear season when most of the people were not active in the scene .

Should I invest in ICO's ?  
Yes , some ICO's are legit and can be good investments such as MobileGo , Edgeless ,  Civic etc which can yield you good ROI in long term but then always due diligence is important .

Should I invest in ICO's with high marketcap ?  
No , High marketcap means a lot of people have invested in an ICO seeking for quick buck or the ICO team has been dependent on marketing to get more investors which makes a lot of weak hands so when the marketcap is not able to sustain the demand and supply the price will likely go down . When the price goes down is the time to invest but not during the ICO .

I fomo like a noob during ICO as I don't want to miss it .  
Well then you are a fuking sheep who want to buy in today and be a millionaire tomorrow well it does not work that way , you can always buy after it hits the exchange . Always have a good risk management system in place where you are able to manage your risk/reward ratio according to your portfolio .  

Always :- Ask tough questions to the team and you will know the reality  

Best Regards ,
VerthagOG

Everyone is trying to take advantage of the momentum right now. My strategy is the same for all investments whether cryptocurrency, stocks, and startups.

First and foremost:

• Team
• Traction
• Idea / Concept

Team
First and foremost, I invest in people. The questions I ask are:

• Are these individuals I can trust and share the same values with?
• What experience does the team have in this space?

Traction
Traction enables me to understand someone's passion, hustle, and results over a period of time. The question I ask here is:

• What traction has the team achieved over the past quarter, six months, etc?

Idea / Concept
It's never about the idea. It's always about the execution. Hence why this ranks lower than traction. The questions I ask are:

• What problem does this solve?
• Is this an idea that I'm passionate about and care offer value to?
• Is the idea / concept aligned with my values?

The answers to all of these questions give me a good sense on whether or not I should invest.  While it is still possible to make money from momentum investing, I recommend everyone employing due diligence and ask the same questions above prior to making an investment.

Thank you for your post ,it's really helpful in understanding the market.
But don't you contradict yourself saying that you should invest in good projects like $MGO (5th biggest ico I think) and then saying don't invest in inflated cap ico's ?

[ostsee77]

It is easy now for people to pull the money out of their pockets.
Many Ico were great. And now many think it will also be good. And the deceivers know that. In addition, the greed for money comes with the people. This turns off the brain.
And the scammers know that. And nothing will happen to them because no one knows where they are in reality

It's a quick way to earn money with a few people and a laptop and some good photos. And the world is so stupid and believes everything without knowing the people
And afterwards they all mess around like many ICO like SONM, Polybius and many more. And many will follow because there are still many stupid people

[bitcoinvestor]

because it is easy money. where there is easy money there will be scammers.

Agree, easy money no projects, just make coin, list in exchanger and earn million US in a or two months. That's crazy.  I think there will be legit project in the future. Stay away from dump and pump ICOs from greedy fake developers. They know nothing about coding but act like professionals cryptocurrency coders. 1 or 2 years roadmap to make pay per click adnetwork website? That stupid developers with million dollars .

[Bellator]

do you know why !!! Because many experience programmers found it easy to create ICO with a nice graphic and logos using ETH or WAVE blockchain so no hard-work required to crate a project like before with owned blockchain.

Yes thats right. But if we only keep to be wise and good enough to find an ico that is good well it is an advantage for us. So be wise so that we cannot be fooled easily.

[Donaldturp]

ICO's are dangerous becasue they turned into a way to exploit other's capital. Here, others indicating contributors. Invest only in trusted projects.

[Carmen_Sandiego]

The problem is not only the lack of a working product at the beginning of crowdfunding, maybe the biggest problem is unrealistic plans, things that, if done, would take years to be ready for real world use.

[cryptohorsee]

Well... I have to agree, many icos are scams... Coindash, golem e.t.c But there are still some gems like Veritaseum, Monkey Capital Hedge fund. They have awesome CEO's that are very active and answer all the questions regarding their project.

[Phyton76]

Do you know that most of the ICO's are scam .

Well if you don't here are some reasons behind it :-

1.) Most of these ICO's have no business model  
2.) Most of these ICO's would never be profitable  
3.) High Market cap for a project / ICO with no development , code or any past experiences  
4.) Most of them have a 1 year roadmap which means no vision  
5.) 5 months of hard work and for that they get Millions in funding  
6.) Dumb people running the shitshow  
7.) Behind the scenes it is all about Money


What makes an ICO legit ?
1.) Working product
2.) Practical Use case
3.) Legit Team
4.) Limited Funding ( Based upon Fair Market valuation )


Why are these days ICO raising so much money ?  
Answer :- People are dumb and greedy they want to invest in the next ETH , STRATIS , WINGS , EDG , IOTA , XEL but they do not understand that Stratis had less than 1000 contributors and most of these ICO's happened during bear season when most of the people were not active in the scene .

Should I invest in ICO's ?  
Yes , some ICO's are legit and can be good investments such as MobileGo , Edgeless ,  Civic etc which can yield you good ROI in long term but then always due diligence is important .

Should I invest in ICO's with high marketcap ?  
No , High marketcap means a lot of people have invested in an ICO seeking for quick buck or the ICO team has been dependent on marketing to get more investors which makes a lot of weak hands so when the marketcap is not able to sustain the demand and supply the price will likely go down . When the price goes down is the time to invest but not during the ICO .

I fomo like a noob during ICO as I don't want to miss it .  
Well then you are a fuking sheep who want to buy in today and be a millionaire tomorrow well it does not work that way , you can always buy after it hits the exchange . Always have a good risk management system in place where you are able to manage your risk/reward ratio according to your portfolio .  

Always :- Ask tough questions to the team and you will know the reality  

Best Regards ,
VerthagOG

Everyone is trying to take advantage of the momentum right now. My strategy is the same for all investments whether cryptocurrency, stocks, and startups.

First and foremost:

• Team
• Traction
• Idea / Concept

Team
First and foremost, I invest in people. The questions I ask are:

• Are these individuals I can trust and share the same values with?
• What experience does the team have in this space?

Traction
Traction enables me to understand someone's passion, hustle, and results over a period of time. The question I ask here is:

• What traction has the team achieved over the past quarter, six months, etc?

Idea / Concept
It's never about the idea. It's always about the execution. Hence why this ranks lower than traction. The questions I ask are:

• What problem does this solve?
• Is this an idea that I'm passionate about and care offer value to?
• Is the idea / concept aligned with my values?

The answers to all of these questions give me a good sense on whether or not I should invest.  While it is still possible to make money from momentum investing, I recommend everyone employing due diligence and ask the same questions above prior to making an investment.

Yeah i guess it is just the starting point of that coins when they are trying to get or funding there projcect that the investor could easily be get scam i guess that big amount of money make the dev to scam the funds of the coin and ran away they could easily do that.

[espante]

Its very easy money to make an ICO, all you need is a nice concept whether its realistic or not and a bit of work designing it to make it look professional. Then after a successful funding there is no accountability as to how the funds are used, you can pay yourself high fees and call it development money and deliver some vaporware to appease the masses or just disappear.

Easy to get funded, no accountability, no recourse even if you declare it a scam.

[RoooooR]

Coz most of the people investing on ICOs neverunderstand what they are doing. Most of them are baited into big profit scheme which is if you really think of it, it's not really true. Most of them are in rush to be rich so there they are end up bankcrupt blaming the ICOs there scame yes thats given but there are lots of promising ICOs there you just have to choose wisely.

[olushakes]

Its very easy money to make an ICO, all you need is a nice concept whether its realistic or not and a bit of work designing it to make it look professional. Then after a successful funding there is no accountability as to how the funds are used, you can pay yourself high fees and call it development money and deliver some vaporware to appease the masses or just disappear.

Easy to get funded, no accountability, no recourse even if you declare it a scam.

That nice concept is something that is hard to do and eventually when its possible, its only for the gullible ones to put their money without understanding the basis of what they are putting it. Not all ICOs are bad and not all of them are successful but the issue of concern is how they all flood the forum with those who no serious agenda creating a vendetta for those who are serious about raising funds for a viable project.