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Author Topic: Are ICOs scam?  (Read 5339 times)
viewly
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September 20, 2017, 06:58:49 AM
 #41

Do some proper due diligence when investing in an ICO:

https://picoloresearch.com/
https://www.verifiedicos.com/
https://crushcrypto.com/ico-analysis/

Many good ones out there, but also many crap ones. The above sites will help expose the shit-coins.
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Anita1873
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September 20, 2017, 07:00:48 AM
 #42

Not all ICOs are scam. If you study the project and read white paper of any ICO and check the project is viable and can produce the earning as prescribed in the white paper.

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September 20, 2017, 07:06:22 AM
 #43

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.


If i were you, I wouldn't go as far as saying all ICOs are scams. While some of them really do, while others don't succeed because of various reasons., some of them really are legit and become successful slowly and others fast.

But whatever the case being scammed is still the fault of the one scammed. Because there would be no scammers if there are no one to scam. If only people like you do a lot of research and analyze the matters properly before jumping in, scammers would be gone from this world.
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September 20, 2017, 07:31:34 AM
 #44

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

There is always a chance, but you need to do enough research before you buy so that you have confidence in the coin and that it is a good and legitimate project. But if you have already bought in, then this is just advice for next time!






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September 20, 2017, 07:35:50 AM
 #45

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

Not all mate but most provably that's why you need to be careful on which ICO you are going to invest since there are so many plenty of them and we don't know on which is scam and which is not. And I advise that you should hold those coins for long time since Im sure that you will became a bag holder nor a loser if your impatience for waiting for the next hype coming the coin you've bought from the ICO.

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September 20, 2017, 07:36:49 AM
 #46

it depends the project i think. we cant call all ICOs are scam but yeah there are some.so before invest any ico investors should check more about team aand their projects.sometimes its easy to understand ''scammy'' project sometimes really hard.

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September 20, 2017, 07:55:28 AM
 #47

I have came to think most of them are scams, and the new way to get money from users. Of course there will be exceptions.

But not long ago, whenever someone created a coin with some premine, even if it was just 10% premine... people will cry SCAM!

Now there are ICOS everywhere, when you pay in advance for tokens (that are nothing but premined coins) ... and for the most part, none says nothing. Just because they show a roadmap or innovative idea to get the dollars in.

Seems rather funny to me.
Right. Investing in icos surely is a risky thing to do. Since there's no legitimate way to get your money back if you invested in it and it turned out to be a scam (the best that can be done is negative trust for forum members promoting it), it is all up to you to decide, whether it is really worth it. Yet I believe some projects are not scam and people really get rich with them. I mean, look at waves. It was the first ico released coin. Nobody's saying now that it's a scam, right?

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September 20, 2017, 08:05:27 AM
 #48

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

Would you care to mention the ICO you have just taken part of? I hope you did some checking of the project and their credentials before you did your investment. That was very necessary especially when talking about ICOs. But I think it was legit since they collected a huge amount.

It was electroneum. Can someone say their thoughts about it? I have more funds to spare and im finding answers to invest more. They seems to be very legit.
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September 20, 2017, 11:16:04 AM
 #49

a lot of them turn out to be. Like this, make a coin, pre-mine a ton of it, make a campaign, hype it up, spend some money in website, designs, web hosts,etc... and after a while, when people are buying on presale, they can either take that money and run away or wait for the coin to hit the exchange then dump all of their pre mined coins and then run away.. That's why I don't trust ICOs tbh.

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

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September 20, 2017, 11:32:56 AM
 #50

ICO is not a scam the survey proves that 80% of the services of the project companies they build are not scam because there is indeed a project company that they build but 20% are just people who have made the forgery project in ICO
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September 20, 2017, 11:56:41 AM
 #51

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.
I think ico is not a scam some are failing in ico but some are success. Its good to invest on ico than to invest your money in not legit site.
But once you invest on ico you need to have patience and understand to the team because you need wait to get profit before you sell your token.
The majority of ICO are legit but you can't deny that there are existing scam ICO that looks legit at the first site. It is good to buy on ICO because you can avail bonuses but always be safe on choosing the right one.

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September 20, 2017, 12:10:00 PM
 #52

The risk goes up depending on the country that the team members are from:

https://www.transparency.org/news/feature/corruption_perceptions_index_2016


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September 20, 2017, 12:14:30 PM
 #53

any ICO can become scam project. or maybe dev dont want scam but project failed. Cheesy so we need invest carefully
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September 20, 2017, 12:23:19 PM
 #54

I think the question should be are all ICO scam? Definitely some are scam right from the intention of the originators who are only interested in raising fund and share among themselves. But they are other ICOs that are real with intention of raising fund to build a solid enterprise. The evil ones will raise the fund and at the end claim that they did not meet the soft or hard cap whatever that means i do not know. They will claim to refund money to their investors after making double what they received. Let take for instance a dubious ICO that sold token when BTC was around $2500 and claim the ICO was unsuccessful and return what was sent to buy their token when the BTC price is now $3500 making gain of $1000 .
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September 20, 2017, 12:32:41 PM
 #55

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

Just hope that the ICO where you joined goes successfully. Because once the ICO failed, you wont receive any payment. Though it seems similar to scams, because you've work for them without payment, I still do not see it as scams, because you both failed. For me, scam is where the manager/developer achieved success while you failed achieving your's through their campaign. And failure is part of success I believe, so we cannot avoid it. So still, I think there is no scam ICO's but failed ICO's.
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September 20, 2017, 12:34:01 PM
 #56

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

Not all ICO are scam because lot of us earned in signature & bounty campaign because of this sponsored ICO if not of these legit ICO we are all will just depend on investing and trading. Not at all are scam that is why this forum suggest that we should screen it out and research well the better and good ICO before we choose.
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September 20, 2017, 01:07:41 PM
 #57

there is always have risk in every investing

especially on ico, even it more being popular, but still, there is possibility it could be stuck or unacceptable in market
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September 20, 2017, 01:09:49 PM
 #58

Most are indeed scams, but a select few will always be legit.
After all, common sense dictates that if a team initiating an ICO succeeds to collect enough funds, it is in their best interest to invest the funds as per what their white paper suggests in order to boost the value of the altcoin further as well as end up with a successful organisation...  
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September 20, 2017, 01:19:34 PM
 #59

it will not be right if we say any unsuccessful or ineffective ICO as a scam. Yes there are so many scam project looks like an ICO at first sight but there have been quite smart and respected projects and ICOs until now and it will be although the number is few.
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September 20, 2017, 03:15:30 PM
 #60

I feel like the word scam is throw around a lot, and of course there are scams but not to the level that everyone thinks there are.

Just because a company raises a few million, does not mean it will survive.

ICO's are a new concept for raising money and so they are a little misunderstood. The best way to avoid any negatives from ICO's is to research the startup you want to invest in. If they have a good whitepaper, solid concept, great team and a good marketing strategy then it could be worthwhile.
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