Are ICOs scam?

[PhucS]

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

Currently, ICO projects appear more and more and gradually become one of the ways to make a good profit. Besides the advantages, it is also unavoidable disadvantages such as scam, project unsuccessful, underdeveloped. To avoid that, you should find out thoroughly about the ICO project you want to invest, read the white paper of ICO, see how they work and refer from people. However, all ICO projects are not fraudulent, there have been many successful ICO projects and still growing in the future.

[XOOMBOX]

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

what ico did you joined with? maybe a lot of people can give you hints as well if that a good ico or not. anyway, as what everyone else said, you need and have to research about the certain ico, know more their backgrounds and the people behind this project. cause if you do this then im sure that you you;re self can assess is this are just a scam ico or really a good one.

[merj99]

Not all ICOs are scams but there are certainly a lot of them that are.
Do your research before you part with your hard-earned money! Read their whitepapers. Ask questions.
See who the developers are. What is their history. It helps to have some communication with the team.
Certainly many businesses are launching ICOs because it's a fast way to crowd fund, but like a lot of business ventures they fail for various reasons. It's not always about taking the money and run but a poor business plan from the beginning. It happens.

[arp10]

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

Before joining the ICO you have to investigate that product, does that product useful for community, what kind of team are staying under that the product
Have team already  created some prototype or it just collecting the money.

[SummerBliss]

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

There are less chances that the ICO that raised in millions would be a scam. But still by checking the track record, everyday many fake ICO comes. We investors need to be cautious and read and understand the project well before investing.

Regarding your investment, you better disclose the name of the ICO in which you invested. So that we can help you better.

[tiggytomb]

There will be scams in there somewhere, there has to be with the amount of ICOs that are popping up almost daily, many you can tell from the start but the clever ones will hook you right up until the launch.

As long as you have done your own research and looked at all the angles you should be okay, but nothing is every guaranteed in this world.

[bhobafett]

Spamming ICOs, that's what they are. There are so many members who are posting about it. You'll never know whether which one is real or just a scam. You need to study the ICO first before you join, that's your job anyway.

[|Admiral|]

ICOs with copy concept, fake teams , and hiring spammers to bump their thread are most likely scam.
Infact 4 out of 10 ICOs on bitcointalk are scam.

[Koadharber]

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

most of them are scams but there are ICO which are legit projects and what the hell that you do have doubts if that coin collected 5-10m usd. It would be successful for sure some ICO do only have $1m softcap and the hard cap varies on each project. For now checking on electronium i do see that you do hit the right spot.

[Similificator]

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

You know what bro, you shouldn't say something like ICOs are scam. Because obviously, since ICOs are made by human beings, some of ICOs are also good while others are bad. Just like us humans. So it wouldn't be fair to call every ICO a scam. Just as it wouldn't be fair for women to say all men are cheaters.

And regarding the possibility of your invested coin being a scam would only be clarified by yourself. Do your own research about the coin for goodness sake! Did you even bother to read the white oaper and checked the backgrounds of the developers before you invested? That is a major mistake in investing bro. Better change your ways if you don't wanna end up losing a lot on your investments.

[Bagaji]

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

Despite the fact that there are so many scam ICO out there, one cannot completely roll out the fact that there are still some legitimate ICO out there too. But how to identified them is the major problem that so many investors has when trying to invest in a project during the ICO. However, I may not be able val for the project you asking about for I don't know much about them.

[Emperor of Man]

There are some seriously anti-ICO users around here, that will try to accuse anything ICO-related in crypto. I don't suppose that's right though, since many successful big projects in crypto started with ICOs. These kind of posts criticizing ICOs are among the oldest posts around here, existing since the ethereum <$1 era, predicting that ETH is a scam, it will fail, and you will lose the cents you spent to buy it.

Should you pay attention to those? I leave that to you.

[BogdanGFTP]

99% of ICOs is scum. You should be seriosly in researching every ICO.

[Gontxi]

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

join for what ? can be further explained. not all ico will succeed, and not all ico cheats, many options for ico now. need to research and look for integritas from the ico.

[babar123]

Some are some arent, when a bunch of teenager raises millions for a little whitepaper, you understand we are deep in a bubble...

[fisheater]

To me most ICOs are scam. They ask you to invest in ideas in the air and ask you for money, seldom they will fulfill their promises once they get the money.

[MiBambino]

ICO's could be scams because they hardly ever have to show you something upfront. That's why when I invest I look for working prototypes, interesting collabs with big corporations, stuff like that to ensure the team actually can build what they claim they'll build

[jnow]

At this point in time I'd say most of them could be classified as scams.

Considering their main goal is collecting huge amounts of money upfront, with nothing or very little to back up their claims.

We have yet to see a real world working solution come out of any ICO project so far. Mostly over hyped claims or shitty beta testing software with no chance of ever going mainstream.

And another thing, concerning the promotions most of them employ to sell their tokens... seeing all the signature campaigns, social media posts and the countless and endless spamming here on the BCT forum, how can anyone even consider "investing" in these ICOs? 

[Leoquerto]

I bought BMC Ico and it feels like a scam for sure, I can buy it cheaper now on trades than ICO price 

[smith136]

ICO's are not scam, the one who doing it are those people behind it but ICO itself are legal. But because of rise of cryptos, people tend to become cautious on what ICO they will invest since there are lot of cases regarding ICO scams just like what happening in china whose reason behind the ban on trading cryptos and bitcoins. But there are many legit ICO but not all are successful.