Why do most people invest in wrong ICOs to lose money ?

[KingScorpio]

This board amazes me sometimes.

All the hyped ICOs are killing people - Bancor, Monaco etc and there is no self reflection.

People need to change the way they participate in projects.

All the rubbish needs to be shunned.

Sectors need to be chosen carefully, and projects thereafter.

REAL energy projects (i.e. NOT asset managers such as wepower, and NOT the pure solar/other renewable energy investment rubbish where crypto is just "added" to the process as a marketing tool) should be favoured, such as Grid+ and Prosume Energy.

Stop following people who have proven themselves useless.

scam icos are structural better at marketing than serious icos, they dont have to work economically with the funds, so people simply invest into the scam icos because they are marketing themselves more appealing

you guys will have to live with that.

[crimsongoth]

I think the most important reason for this is that they can hang on the back of this wind because they can easily be rich on the path. I have not invested in ico projects so far.Both they sounded unbelievable to me and they wasn't physically revealing a real product. But lately I can say that I'm starting to get really strong projects.

[BitcoinGirl.Club]

To be honest the only explanation to this is the wrong coins or scammy projects are usually the loudest as they offer returns which are to good to be true or the simply have whales on speed dial to support them....All in all its time for deserving projects to bring the A game and convince people why they should be the best thing for the market.

[Plomb]

Well if you got some good marketing almost every project can get some pump these days

[Fizpok]

Because there is more or less fixed number of fiat in the world. For some coins to go 100x up, 100 times more have to go 1x down.

[Sarastiche]

Alot  of ICO coming up daily, these calls for caution from all investor, more research work has to be done in other to have a profitable investment.

[energycom]

I think the most important reason for this is that they can hang on the back of this wind because they can easily be rich on the path. I have not invested in ico projects so far.Both they sounded unbelievable to me and they wasn't physically revealing a real product. But lately I can say that I'm starting to get really strong projects.

Before their investment they're getting tricked by hype makers. They think one projects is awesome but then they see it's actually a fault. Then they start making weird decissions after they see that bad result.

[SimontheRavager]

ICOs were a nice wild west game in the summer of this year. I also invested in some for sure, but has anyone ever though or asked about the legal consquences?

Ever though about Harvey Test?

So read this first before doing an ICO: https://drive.google.com/file/d/0B6GBthMmP7QPSjhwNVpyZWZLNHc/view

All ICOs are in fact securities, so they will have to give their money back if the SEC knocks on your door. They will for sure knock on your door.

Coz else they US and any other state would loose a lot of possible tax money as profits or prices or value of the coins rise.

So be aware.  

[SwiftDonut]

It seems like OP has some special magical crystal ball and knows exactly which are the right ICOs to invest. Maybe he should help others and tell them where he gets his information instead of being gleeful!

[flatnose101]

To be honest the only explanation to this is the wrong coins or scammy projects are usually the loudest as they offer returns which are to good to be true or the simply have whales on speed dial to support them....All in all its time for deserving projects to bring the A game and convince people why they should be the best thing for the market.

specially on how they make a project the content of it how they it will look like to believe some people to invest with for, and yes some scammy coins are involved also so before you go make some research and study for it.

[djselery]

I think the first reason that guide people to this mistake is not getting enough time to make their careful researchs about this projects before investing. Many people treat ICOs like gambling and think that it depends only in lucj which is wrong idea.

[RADTEAM]

ICOs were a nice wild west game in the summer of this year. I also invested in some for sure, but has anyone ever though or asked about the legal consquences?

Ever though about Harvey Test?

So read this first before doing an ICO: https://drive.google.com/file/d/0B6GBthMmP7QPSjhwNVpyZWZLNHc/view

All ICOs are in fact securities, so they will have to give their money back if the SEC knocks on your door. They will for sure knock on your door.

Coz else they US and any other state would loose a lot of possible tax money as profits or prices or value of the coins rise.

So be aware.  

Howey test
And if it will make you feel better, SEC will not knock on your door as an investor, but it will get a hold on the company and team, that is doing the ICO and ask them kindly to refund all investors and pay fines on top. And I suspect at this stage 90% of ICO teams will choose to put a blame on the government and just run with the money. Sad, but it happened in the past.

[danherbias07]

Lack of knowledge or the company doing the iCO is just really good in saying sweet words that gets their services more exciting. But in the end it is all a big fat scam.

First is really knowing where you are stepping at.
Better if it is already a running company though many new ones are also trustworthy.

If it is really a scam without you knowing it then I am just sorry.
Better get another capital because that money is bye bye.

[MT123]

Because most folks are buying into coins that have pie in the sky promises.  It's like saying hey give me 10 million for this product first and then I build it, but wait I'm paying bounties, promotions, and giving friends, families, 'advisors', shillers promotional deals that give them instant % gains compared to ICO prices.  Then a dump occurs because, why not instant profit the 10, 15, 20% you just gained free.

If someone gave you a year salary to work (with no restrictions on actually working or not), would you even work?  No, you'd take the money and travel, pay to speak conferences, submit yourself for pay to win awards, etc.  Maybe slowly dabble in what you wanted to do for the ICO, but have zero accountability.

Most ICO's try the "utility" token route to bypass things, like buying Disney Land Cash with fiat.  You're buying a worthless piece of paper and using it.  If someone came to your house and asked you for $20 bucks for fake pizza cash, you'd slam the door in their face.

Most ICO's today seem to be a drawn out version  of this, and finding the right team that really believes in the stuff they sell is rare.  Not many people driven to change or work after you give them millions and no accountability.  Pair that with everyone trying to "why no moon" after a week, insta red candles.

[go4crypto]

Unfortunately, most people cannot do the serious research required to figure out good
ICOs from bad. So long as there is a big crypto boom going, even pigs will fly. Typically in
later mature stage of the cycle,  the bad projects crash down to reality.

[aggress0r]

Wrong ICO's are overhyped and make false claims and announces to gain easy profit not concentrating on the product itself, so when they gather the cap they have no willing desire to follow the roadmap and develop it, cause it was not the mean of it. More and more project ICO's that have no real application of blockchain technology are coming out of nowhere, because blockchain is a trend.

[Nagrogflaz]

your opinion is not right because people are not likely to participate in the wrong ico if from the beginning they know it, they are just victims

[machinek20]

Not all people losing money in ICO, but it is hard to predict which ICO is good, all the things that we got from ICO is promise and documents, but some ICO is a good ICO, not all people gt scammed by it, you just need to go further in research to know a good ICO

[mudasarali43]

Yes i agree some peoples lose money to invest in wrong ICOs because they have not too much knowledge or some of them new peoples and one thing is some projects showing the project is like a huge project and big platform but actually the reason is not this.

[NickBrown]

No one purposely invests to lose money - unfortunately a rubbish idea can be disguised in marketing and campaigns and hype. Its not enough to just have a good beneficial idea as it is crowded out by hype and marketing.