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Author Topic: Is it safe to participate in ICO's?  (Read 15596 times)
efodix
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May 16, 2018, 03:13:46 PM
 #2381

In my opinion, participating in ICO has 2 main risks. First, you can lose your money and get nothing in case the project is scam or its tokens are worthless. Second, you have risk of your private data by providing KYC.
bibitao67
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May 17, 2018, 10:07:09 AM
 #2382

It is almost never possible to say for sure whether you can earn something on a certain ICO or if it is something like scam, as all depends on the ceratin project or the enterprise.  Smiley Smiley
lasry
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May 17, 2018, 10:18:51 AM
 #2383

Everything here that is virtual are all unsafe. Its up to you to take the risk. But on the other hand, everything here is really easy. Just like investing in ICO. You can participate in them all as long as you have the funds. But you should also be ready to face the risk.

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xenomorphe1
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May 17, 2018, 10:36:23 AM
 #2384

It is impossible to know if an ICO is safe or not. Popular ICO like Envion for example is now facing a very big problem. And they might not deliver what they have promised.
There may be a lot of investors, also maybe some investors did visit the company, but investors still can be scammed.
Investing in an ICO is now really betting. You can't know if you are going to see a return on your investment. Your investment can transform to near 0 one day.
Also some projects having a real product are not being traded at a good exchange. The coin can be worthless, but it doesn't mean that the company is not doing well. For example: Bowhead.
CoinCollect
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May 17, 2018, 10:49:09 AM
 #2385

Of course not. Investing in ICO projects is one of the most popular ways to earn money, but also this way obliges you to face the choice of ICO projects, since unfortunately a lot of ICO projects are a Scam.
txfidk
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May 17, 2018, 10:52:14 AM
 #2386

it is not safe to participate in ICO. you risk that investing in the project, you will not get your investment back.
bstewart
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May 17, 2018, 02:24:46 PM
 #2387

Always do your own research. Don't invest in anonymous developers, pyramid schemes, etc.

There are many legitimate icos but also a ton of scams out there. Take a look at sites like icobench.com for some ratings
rarg
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May 17, 2018, 02:29:21 PM
 #2388

Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.

Not always. First of all, most of ICO need KYC. If your personal details leaked, your data is not safe anymore.
Secondly. Not all ICO will succeed. Most of all the price will below the ICO price. So, you have to think and choose carefully the ICO project.

christianst
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May 17, 2018, 02:30:59 PM
 #2389

Yes you still have the safety in participation of in ICOs, the only thing you wil do is make an initial informations or research about the platforms of this ICOs so that you will not be a victim some ICOs that are scams, but there are still many choices of ICOs that can trusted all the way until it finished and successful, so choose wisely as much as possible.
Cryptopal2
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May 17, 2018, 09:01:57 PM
 #2390

everybody says their coin will be the next bitcoin but you have to have the brain to choose the right one . Investing in ICOs is safe if you study well about the project before you invest

midorichain
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May 17, 2018, 09:03:05 PM
 #2391

For today there are quite a lot of ico projects but against the background of the fact that about 80% of projects are scam - it's very difficult to choose.

kasianov77
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May 17, 2018, 09:05:31 PM
 #2392

Of course. But there are a lot of restrictions. If you want to keep yourself safe, you have to spend a few days analyzing the company. But it is not a fact that the company will be successful.
ugur2222
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May 17, 2018, 09:06:31 PM
 #2393

 Before investing in ico try to do some search about the team and the project and compare it similar projects. That is i can only advice, so as i said It will only be safe if you will be sensitive, alert and careful.
Marine8
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May 17, 2018, 09:07:09 PM
 #2394

Most ICOs these days are really failing. Some just decide to put a halt to the campaign because investors are not really buying. Sometimes it is good to wait for tokens to be listed than to invest in the ICO directly. If the ICO fails, you will probably get your money back, but it will not increase as compared to using it to trade all this while.

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Honourable11
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May 17, 2018, 09:28:01 PM
 #2395

Is it safe to participate in ICO?
I have mentioned this time and again, it's even one of the simplest things to do, just take your time to go through the project, whitepaper, roadmap and read the profile of the team
sebinator
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May 17, 2018, 09:42:30 PM
 #2396

It can be safe if you do proper research before participating in ICO. You’ll be buying tokens in the ICO and if the values of those tokens rise then you’ll get the profit. So, it is better to research.
teamcryptonator
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May 17, 2018, 10:09:01 PM
 #2397

Always do your own research. Don't invest in anonymous developers, pyramid schemes, etc.

There are many legitimate icos but also a ton of scams out there. Take a look at sites like icobench.com for some ratings
Yeah, if I want to see the reviews from the expert to choose the ICO projects for investment, ICObench is really a good site to check the reviews from them quickly. But, I do not think we must depend on the reviews of others, because our decision, idea is depend on ourselves, I think so.

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conceivedspoon2
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May 17, 2018, 10:20:29 PM
 #2398

Yes.Though there are several scammed ICO today trying to ripe people off thier hard earned money. But you can still participate in some of the ICO if found genuine and reliable. Make necessary findings before investing.
Dingdong7
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May 17, 2018, 10:24:16 PM
 #2399

Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.
Personals, I no longer choose to join an ICO. Instead just biy in exchange which is just newly introduced. ICO coin has now assurance if it wi gey listed. If get listed, it will take a very long time and also has a lower value compared to the ICO price. It worka for me buying in an exchanhe, but I dont know if ICO buying really works.

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May 17, 2018, 10:29:26 PM
 #2400

Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.

Haven't participated much. Though, I invested in BitClave project. They've happened to be genuine!  Roll Eyes They're working on their project step by step.
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