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Author Topic: is EVERY ico a scam??  (Read 21402 times)
Action Gamble
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October 17, 2018, 10:09:13 PM
 #841

Everybody keeps on saying scam scam scam for all of these ICO's. 90% of them are crap, yes. BUT there is the 10% of them, like vector, who are absolutely not scams. They are good projects that will really help the crypto community grow and its not fair to call an ICO a scam until you have actually researched it and you are sure it is a scam.

Just my two satoshis...
Yes 90% of crypto are scam specially in that period before in the beginning of 2009 and 2010 it wasn't that much of crypto now we see a thousand of them, the value of crypto is gone we found only the bad one and that's affect on the price.

blockchainmarketus
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October 17, 2018, 10:13:43 PM
 #842

They are not scam but pump and dump. yeah most erc20 tokens are just a way to raise money. They are not really true projects. Only a few of them. Most of erc20 projects just a way to drag investors spend their asset in the ICO, after that they leave the project and create others ICOs, the developers( ?) continue and repeat the action.
basici
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October 17, 2018, 10:19:03 PM
 #843

in your words there is a true author. Indeed, there are many projects that are very worthy and will give the market new opportunities. it is worth investing in them

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October 17, 2018, 10:29:56 PM
 #844

No.
Not every ICO is a scam in the true sense of it, however, most projects set unrealistic targets for the blockchain which is still a new technology.
This means that most ICO will not achieve their goals.
This is why most people say ICOs are scams.

Mabinat
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October 17, 2018, 10:33:23 PM
 #845

Unfortunately now there are a lot of fraudulent startups, so I think that we should be very careful when choosing a project in which we want to invest money. I hope that in the future this problem will be solved because it is a big problem for the market

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October 17, 2018, 10:37:38 PM
 #846

Yeah at this time most of the people or investors are afraid of icos. Cause last few months icos is a treanding and there is a lots of icos and many of them just collect find and escaped. And the profit in ICOs are down for the bearish market treand.  But yes there is many good project which is really want to do something in this space. So the main thing is you have to choose the best project. Just do some research before you invest that's it.

Abigail Asi
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October 17, 2018, 10:38:16 PM
 #847

No. Its rather unfortunate that there are many ICOs which are scam. That is why you need to be extra careful when investing in icos.
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October 17, 2018, 10:51:21 PM
 #848

Off-late so many ICOs have been launched and they are all promising investors with different products which are sometimes achievable and others too are not. I will say that not all ICOs are scam and therefore this should be classified in a different way.

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October 17, 2018, 10:53:28 PM
 #849

No. I don't believe that every ICO is a scam. Some may be scam though but not always. Before investing in an ICO, you need to conduct a thorough research about the project first and be sure before going ahead to invest.

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October 17, 2018, 10:57:06 PM
 #850

There are scam projects but there are also legit projects out there. People should try to scrutinize projects before supporting such projects. This will help in reducing patronage of scam projects.
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October 17, 2018, 11:03:49 PM
 #851

Many ICO's are out there to take advantage of others and dupe them but not all of them. There are still some genuine ICO's that can be trusted, although they might be scarce in the system. Just do your research  well and join the right ICO's.
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October 17, 2018, 11:06:09 PM
 #852

I believe for lot of projects people are telling it as a scam because of funds. Every projects can't be a scam because some project have really productive concepts. I believe that it will take some time for releasing their products.  

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LastRolling
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October 17, 2018, 11:09:33 PM
 #853

As a whole, no. There are some scams out there, certainly - but the biggest risk is generally that the platform doesn’t get built, doesn’t work, isn’t adopted by a critical mass, etc. (Waves, looking at you.)

About 90% or more of these platforms don’t or won’t get built, either because they lack access to the talent, they pivot, have a bad team, run out of funds, fail to prove concept - all the reasons any startup fails. But that doesn’t mean they acted nefariously.
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October 17, 2018, 11:11:26 PM
 #854

And the site that you've shared is not working. What happened with that project?

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October 17, 2018, 11:14:14 PM
 #855

two different points between the term "fraud" and "failed" in ICO sales. If the sales process is not too smooth or at least just touching the forced softcap, the developer will begin to lose enthusiasm and even thwart it with a refund option. This is where many people will say a scam, especially the campaign participants.

many of the ico that appeared this year made the majority lose the original potential of their respective projects, most investors just follow based on feelings or signals. and can be ascertained from 50 existing ICO, only 5 are successful with sales and even rarely get hardcap.

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October 17, 2018, 11:14:19 PM
 #856

It is impossible that all ICOs are a scam, if so, months ago we would be without new altcoins, when instead alts market is growing every week, what happens is that many ICOs are mismanaged or poorly developed, which causes the collapse and end up defrauding their investors.

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October 17, 2018, 11:17:16 PM
 #857

Why are many people who speak a lot of ICOs who are scam because it is indeed a comparison with ICOs that really do not scam only a few and can be calculated when compared to the many projects that have come out and have completed the sale of many of them who stopped developing their projects and disappeared, so it's not wrong if they say ICO is a lot of scams.
If you see it especially for this year then it is correct. the scam is indeed quite a lot of even more of the ICO. though indeed there is still that produced but it was closed from a large number of ICO scam going on. First, it is the longer makes investors quite restless and sometimes start reluctantly to enter in the ICO because the scam is too large.
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October 17, 2018, 11:19:59 PM
 #858

No, Every ICOs are not scammed. There are a lot of ICO is good and they have a big plan for the future. A good ICO project is like a blessing for the crypto world. A good project can make change many things! Blockchain technology enriched with a lot of ideas, but we need more unique project who will be working in a new way! If you research then you will realize billions of USD raised from the ICOs! We should take step against scam ICOs and need to welcome a good ICOs!
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October 17, 2018, 11:42:47 PM
 #859

Although there is a lot of scam, but investors are getting smarter in choosing campaigns, even if fraudsters once deceive someone, the next time an investor will have a more thoughtful act, everyone learns from his own mistakes.

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October 18, 2018, 12:30:37 AM
 #860

Of course not everyone, you need to choose the right project and already now it is very difficult but still you can find a good project that will give you good money, choose a team and product

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