ICO Scam Question

[Happy Smile]

Is there a way that we can determine on how to know if an ICO offer is a scam or not?

[rokkyroad]

No. Save your money.

[sa3loo]

I do not think so
They give you promising projects
Sometimes they succeed but sometimes they run away with money

[helars2008]

I am following this principle..
If its too good to be true then better stay away from it.
Also it would be great to first research about the ICO you would want to join.  Especially here in BCT forum a lot of information can be found.  There may also be other person who can prove a specific coin if it is a fraud or not through their own experience on that coin.  Let us always equipt ourselves with knowledge.

[nasipadang]

I think no, I just see if the project makes sense and whether dev is really eager to run the project possible by use a famous escrow, I think before investment you should check the project's clarity and see if the investment is recommended

[alikaya58]

Nobody knows that, and learn all about luck.

[Warren Buffert]

Just invest carefully. And if something looks to good to be true it usually is.

[susila_bai]

Is there a way that we can determine on how to know if an ICO offer is a scam or not?

AS you can see the above comments that almost everyone knows that no one can tell which ICO is scam or not. Even big and success ICO are going down when get listed and it takes time to increase the price until the projects are not finished and running successfully. ICO investing is not good but if you wait and let the coin get listed and see the performance after that you can try to invest in it and i can confirm that almost 99% of coins price will be down then ICO and so you can buy the good altcoins and play with them.

[camodude009]

i don't know,maybe they get my money can success,maybe they get my money run away,hahaha,just like,people die or life

[batang_bitcoin]

Is there a way that we can determine on how to know if an ICO offer is a scam or not?

It's hard to determine if the ICO is legitimate or scam but there are scam busters here in forum that are able to watch out and bust those scammers. And they are finding it out through the developers, if the same person was found on the new upcoming ICO then there will be a speculation that ICO is just a scam and it depends on what that person did before.

[anggriani]

Is there a way that we can determine on how to know if an ICO offer is a scam or not?

there is no. but before you join in ico you should research the project. from developer background, escrow and many more. also discuss or ask in their ann thread.

[loonb]

You can check their advisors and find them on social media and ask to them is it real or scam.

[Vispilio]

There a few reliable ICO rating websites; and usually if it's an original product / idea offered by a well established team who has too much reputation to risk by running coin scams, it's worth a serious consideration.

[Golftech]

Its not that easy OP even reliable project at first sight could scam as well its really a risky move investing in any ICO project but if succeed it can bring huge profits if I were you just keep reading the Ann thread then research for the real identity of its developers so you can see if they are real person to entrust your money.

[NathanJB]

No. Save your money.

With all due respect, I humbly disagree. Let us try not to generalize everything as purely black and white. There are so many great ICOs out there. The problem is that there are also so many scams mixing up with the legit ones. The role of every investor therefore is to take due diligence seriously. Reach out to the devs and pepper them with questions.

[Jaycee99]

Is there a way that we can determine on how to know if an ICO offer is a scam or not?

Sometimes you can see or figure it out if ICO is a scam how about go to and search I read about a thread about scam of ICO and faucets I just did not save it. I tell you the truth search it.

[puvanb]

Why invest in ICO when you can buy them off in an exchange later with better price where people love to dump their coins with lower price. Normally this is the case. There is always... always some fud find its way to the coin. If the coin is genuine, then wait for the exchange and get them when the price drops. Of course you need to ensure you are watching the coins development at every stage and listing to get them fast.

ICO is still a very risky activity and only go with them with you are not weak hearted and you are using money you can waste unless you are very confident with the team and its project.

[Wyre08]

Why invest in ICO when you can buy them off in an exchange later with better price where people love to dump their coins with lower price. Normally this is the case. There is always... always some fud find its way to the coin. If the coin is genuine, then wait for the exchange and get them when the price drops. Of course you need to ensure you are watching the coins development at every stage and listing to get them fast.

ICO is still a very risky activity and only go with them with you are not weak hearted and you are using money you can waste unless you are very confident with the team and its project.

I agree with this. Don't invest in an ICO unless you can spare the money and you're confident in the team and have done your own research. Listening to people is a terrible way to invest. Listening to people and then verifying is the way to invest. If you don't do your own homework you may as well play Powerball.

[pure_happiness_inside]

Common sense and judgement. It's a part of the game, so to speak, that you don't have complete information on what is going on behind every ICO, and you have to use your best judgement to find which ones have real potential, which ones don't have a lot of potential, and which ones are outright frauds.

There's a few simple rules of thumb though -- first of all if the team is willing to speak publicly, reveal their names and give interviews, it's harder for them to run away with the funds afterwards since people now know who they are - so knowing who the team is is important. second, I like to find projects that has been around for at least a few years -- it takes time to develop something entirely new and they must have been trying this in some form or iteration for at least a few years, and didn't just come up with an idea now because ICOs are an easy way to raise money. -- in fact I like to invest in existing companies -- for example I thought the BitDice ICO was great because bitdice casino has been around for years with a proven business model that is profitable. Another example is Enjin, which is also an existing, established company. Another is electroneum.

[thepo1m]

I will say no because most of this claims are subjective until the developer finally run away with your fund, butthere are some pointers that you will likely see that will tell you this is a scam in making. The main thing is their terms and condintions but most people don't read them before investing into a project