ICOs Are Biggest Scam Ever

[bamboylee]

Some of them are, and there is no way to control them. Some countries already tried regulating ico to protect investors getting robbed of their money but icos will just move their product to countries lenient with ico and won't let countries with regulation from joining. That is one downside of decentralized system, we cannot control scammers from using blockchain  to do their deeds.

[Pamadar]

Infamous penny-stockbroker Jordan Belfort, better known as the ‘Wolf of Wall Street,’ has reaffirmed his claim that initial coin offerings (ICOs) are “the biggest scam ever.” Earlier this year, he claimed that Bitcoin is a fraud.
ICOs have become popular to investors worldwide over the past year due to their high returns for early investors. Recently, signs have emerged that some ICOs might just be too good to be true.

Like with any investment you should be careful where you put your money on. This is just Mr Belfort personal opinion. Other than that, you should make your own research before investing into any ICO. Maybe most of them are scam so make a better research

Which is the most important recipe of investment know your supported project before placing any entry, ico's is a game of wise people you should always updated and monitor the website and the forum threads about certain ico's. Its everybody's opinion and own speculation so better to create your own destiny.

[chaoscoinz]

It's very biased to say that all ICO's are scams. It comes off as bitter, and resentful, most likely due to ignorance,  or a suffered lose of investment. There are many scams within this sector, as to be expected, but there are also many legit companies who are trying to find good grounding as a startup company. After all, Rome wasn't built in a day's time, and the same could be said of any startup without a solid foundation.
    It's best to practice due diligence,  before embarking upon an initiative to invest. You should never invest more than what you can afford to lose. People are blinded by the Bitcoin stories of early investors becoming Lamborghini owners overnight, and throw all of their savings into a company who may very well, never get off of the ground, in a greedy attempt to get rich.
    If you search the boards here, especially within the altcoin section, you will find a never ending list of ICO companies. It is very hard to parse through the legit startups, from the scams. It really doesn't matter, if your going to invest, it's your job to research as much as possible. If you're unsure of investing, but really interested in a startup company, then you need to find out if they offer bounties, the only investment thereof,  is time, and energy. In the end, it's you're call!

[BitcoinNational]

There are scams for sure. If you take the time to read and inform yourself about the project. You can avoir lots of scams and focus only on the relevant projects;
Moreover ICOs and Bitcoin are different things, why did he say bitcoin is a fraud?

[inyakizuryel]

With this argument i somewhat agree and disagree, i agree because many of the ICOs are scams and Ive experienced it once but whoever the person who researched about ICOs and tell that it is the biggest scam i disagree to that because if you see and explore the world of bitcoin you will determine the biggest scam, there are many scams in this industry because there are many money here there is a lot of money involved here, and some people tend not to invest cerating an ICO but rather fooling the not knowledgeable minds and controlling them to fulfill their scams

[niisarearning]

Not only Ico even ipo also having much scam as far my experience in couple of years in regulated ipo and equity share there is much scams compare to ico atleast if your not greedy you will get atleast some profit in the form of bonus or offer in the time of ico or pre Ico . Some coins made millionaires by holding coins in few years or less than years.

[duyduc256]

Most ICO projects are good markets for whales to pump or dump and after that altcoin may become garbage and not attract investors. I think there are many good ICO projects now and you should consider carefully before investing

[peter0425]

Most ICO projects are good markets for whales to pump or dump and after that altcoin may become garbage and not attract investors. I think there are many good ICO projects now and you should consider carefully before investing

Not all of them are scam, but unfortunately, it brings negative connotation to those legit and trusted ICO and its really sad. And those fake ICO' ruin not just their reputation but the whole crypto's as well. That's why sometimes a good project has really having a hard time to get investors, on the other hand, investors are attracted to scam ICO because they thought they hit the jackpot but eventually they will run your funds. So before investing try to investigate and used your common sense before its too late.

[w5pn73]

Most ICO projects are good markets for whales to pump or dump and after that altcoin may become garbage and not attract investors. I think there are many good ICO projects now and you should consider carefully before investing

Well you said it there already, "good markets for whales to pump and dump".  Not really good for the long term or serious investing, unless you find the right project.