Are ICOs scam?

[RodneyKings]

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

Did you do your own research regarding the company? Personally I haven't joined any ICOs yet since I don't have much time to read their whitepaper and everything but before you invest you should really learn about the company first. Its plans and the people behind it if you think they are responsible enough to run the company after ICO. Only invest in an ICO if you really trust the company and everything about it because by that you won't be blaming someone else if in case your investment fails.

[Barbut]

I decided to do something about spam on this forum, and to give my contribution in fight against spam. This forum can be a better place, I believe that we can make better organization of our comments. Let`s try to create a system that we will follow in every section of this forum, to make easier for each of us to find good and valuable informations. This is my first try, have respect for that!
Let`s have 1 thread about this topic, not as many as we have now. We will keep track of one thread easier then  10 different threads with same headline, and hundreds of same or similar comments.
First of all let`s choose a topic where we will discuss about specific question or matter, we need to avoid new threads that newbies are making each day with same problems and same questions, avoid them or if you wish to comment something point that newbie where to find thread about it and stop there.
Everyone is entitled to his/her own opinion, everyone can change opinion, add new information`s. What I wish we to do is to stick with facts all the time, with verified informations, and after that to give our opinion on that.
Point is: LETS ACT AS CONNECTED COMMUNITY, NOT AS INDIVIDUALS.

System I have in mind is very easy to follow, I will give first example and I ask others to follow me in this!!!


Question is clear: Are ICO`s a scam?!

YES:
NO:
NOT ALL OF THEM: 1  Vote for this option.

Before 1 and a half year I had chance to invest in bitcoins and some alt-coins (in that time icos), I spent bitcoins other things, I missed my chance
to invest on time part cause I like more to gamble and I didn`t know much about trading, and part is cause many threads in that time and comments from all kind of members new and reputable ones were suggesting that this icos are scam. I missed my chance back then, now I try to have alt-coins that have future in my opinion and to invest in some new icos. That is my experience!

NOW PAY ATTENTION PLEASE- EVERY NEXT PERSON SHOULD DO THE NEXT:

-First copy/paste my poll and give your vote, and my vote stays the same, or if you vote for same just wrote next number.
-Second give your opinion and describe your experience if you have any.
-Third and not necessary if you think that I make any mistake in my comment, or I`m wrong with something please correct me.

IS IT HARD?!?! EVERY NEXT PERSON THAT COMMENT THIS THREAD SHOULD FOLLOW ME!
I will come back to see what is happening, I don`t wish to threat with giving negative trust to all who just post to be paid without reading anything!!! But if I see some very stupid comment after mine I will do that.

[drwhobox]

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

For me personally i do say that some ICOs are scam and some just failed to reach tjier specific target. Always remember that the true value of an ICO token takes month after the launch nor years. Invest wisely mate.

[darthmaul]

There are a lot of ico's on the market, but honestly, nobody knows which one of them are scam or not. I never use to invest in ICO's, because i know how risky it is, and probably i will loss my funds if i invest in there.

I only invested in Kickico, not more than $300 in there, and that has been the first ico in where i invested.

But it was difficult for me to do that.

The fact that ICO has got all the neg reputation is all because of the recent increased number of scam on the forum campaigns as well as after the project launch. The ICO used to be best investment opportunity a year ago but it's not now but that's not completely ignorant as well. There are many people who are trying to get into real business deal and they are very rare that's why we can't see them in the bunch of scam ICO. The better way to odd them out is by researching more in that particular ICO by means of reading whitepaper or looking after the real news about the project launch. You can also checkout the engagement of the project socially which actually defines the power of communication and hence altogether the legitimacy of the project.

[lalawallet]

Not all of them. But one should do their due diligence before investing in any ICO to make sure it's not a scam.

[Hallmader]

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

Did you read their whitepaper? Or at least visited their website? If you did that and you decided that the project is a legitimate one, then perhaps the ICO that you invested on is good. You will have returns in the next months depending on their roadmap development. And they collected a big amount.

[CryptoScorpio]

No.Not all.Remove that from your mind and select a good and promising ICO and invest in it. ICO's are the opportunity for a potential project to get on the road.They just raise fund and start building the project.So invest in a good ICO which has long-term benefits.To know about the ICO read their white paper and roadmap and to know well about their team.

[anzach87]

i don't believe that all icos is scam. Most of them  are Scam or without promising future .

[joeydangerous]

i don't believe that all icos is scam. Most of them  are Scam or without promising future .

Most ICO's that are doing good have launched somewhere beyond Bitcointalk and they also participate in this website as well. Being around many websites with the project does mean something if it's legit.

[8rch7]

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

If ICO does not reach the minimum target (hard cap), I think its name is not a scam, but project failed.
Provided they return the money that has been entered into the investor, or continue ICO in the presence of ICO part2 or something like that

[SpearTackle]

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

Before joining to an ICO make sure, you checked it's background and researched more articles about it. If you have joined and feel that it is scam, so leave immediately. There are lots of ICOs scam anyway.

[jlp]

Read:

https://bitcointalk.org/index.php?topic=2243157

[bundo]

It looks like a scam, I can not access links that have been distributed by the areicos party. In this case need vigilance who is willing to invest, if not smart, we enter the scam
Although the language and structural in ico look positive but not a guarantee ico it will land successfully

[MiBambino]

Read:

https://bitcointalk.org/index.php?topic=2243157

that's a cool thread, I'd recommend it

[enawati]

If a project can not collect fund with hardcap target,  that mean the project failed but not scam,  maybe they will return investor's money.  Many ICO now that legit and has big potential but to looking for that we need more time because so many ICO this periode.  But very important before jump and invest in ICO is always read their white paper to understant aim of the project.

[cryptolerant]

Despite there are scammers increasing, majority of the ICOs are still safe and still. just make sure that you check team before you get into that ICO.

[icodaily]

Well, from my point of view, a great deal of ICOs are questionable. I'm not saying that they are a scam, but they look shady nonetheless.
It's relatively easy to distinguish a SCAM ICO from the rest if you have a trained eye and some experience. Shady team, lack of information in the whitepaper, even the website itself can tell you to stay away from that ICO.

On the other hand, a great deal of ICOs performs rather poorly. Only a few of them manage to raise sufficient funds or even reach 100% of their intended goal. Maybe it boils down to marketing, and which ICO sparked the most hype.

I even made a super simple infographic after looking at this week's data, take a look:
https://cdn-images-1.medium.com/max/800/1*K8v7PIIODOroddCz75KzGA.jpeg

From this chart, only 1 managed to raise most of its funds.
5 of them performed really poorly
and 6 of them didn't even bother to provide information on how much they've raised, so they might be scam, perhaps.

[richjohn]

I go through almost 40-50 ICOs every month to choose best for investment prospect. What I have found so far is that only 10-20% are fake. Most of them go unsuccessful and aren't fake which accounts for almost 50-60% . Only the left 20-30% go successful and that is why we usually consider those all unsuccessful ICOs as scam projects. That is why we see a big number of scam accusations. But in reality so is not the case. Not all ICOs are scam.

[bhoybitcoin]

Yes an ICO can be a scam. Just take it from a friend of mine who just got paid today for campaigning this shitty shameful ICO that paid the social media bounties a very promising amount of $3 wahahaha. Maybe the rest of the allocated payment goes in their pockets already   lol. It can be a scam in a way that it pays up but using an ico to raise money to use for their personal issues.

[Gaff]

Well, from my point of view, a great deal of ICOs are questionable. I'm not saying that they are a scam, but they look shady nonetheless.
It's relatively easy to distinguish a SCAM ICO from the rest if you have a trained eye and some experience. Shady team, lack of information in the whitepaper, even the website itself can tell you to stay away from that ICO.

On the other hand, a great deal of ICOs performs rather poorly. Only a few of them manage to raise sufficient funds or even reach 100% of their intended goal. Maybe it boils down to marketing, and which ICO sparked the most hype.

I even made a super simple infographic after looking at this week's data, take a look:


From this chart, only 1 managed to raise most of its funds.
5 of them performed really poorly
and 6 of them didn't even bother to provide information on how much they've raised, so they might be scam, perhaps.

How could be a trained eye shows? Anyway,I'm not particular with ICO but I know that this isn't a scam because if you try to look on things,several people are into ICO. This means ICO has a beneficial effect towards investors or other entrepreneurs using this altcoin in cryptocurrency. We are already aware of scammers but it's difficult still to pint out which one/ones. Consequently,ICO is not a scam but try to contribute an evidence if you have experienced a scammer of ICO.