Over 90% of ICOs are a scam

[fant124]

there're lots of ICOs nowadays, one needs to be careful when joining any of them, Look through its WP, advisors, connections. Well, I was lucky enough not to get trapped into a scam by investing into VLB. The project's actually working and everything's been okay so far!

[Hodlmachine]

The founder of ETHEREUM said that over 90% of ICOs are scams. By participating in an ICO, you give your money to a project that probably will never happen. Every day a new ICO comes out ... but what surprises me is that many people invest their savings in these very high risk projects. I think it is much better to invest in real projects already listed on the stock exchange .... of which you know everything well ... For example, BANKERA looks like an ICO scam .....

The founder of ETH, do you mean Vitalik buterin?
Can you show us when he said if 90% ICOs are scam?
People should be know if investment on ICOs have high risk.

Ico is involving with etherium and i think it does not make sense if he said that the 90% ico is scam because ico is like his product to increase etherium demand.
So i dont think he will say that but maybe other people.

Etherium new coin ? https://www.ethereum.org/

Oh and yes, 90%+ are scams and 95%+ will run off with 1 mln...

[The Young Turk]

I think it may be %95 around, he's right. There are way too many scams and there is no regulation or control. You must be very smart to not get caught on this scams. I'm very picky about ICO's I make investment. My money is precious. I guess some don't.

[BLAST2MARS]

There are a lot of scams but I disagree. It's only between 70%-80% because the 10-20% are those altcoins projects that are doomed to fail. They have a very weak foundation to be successful and it seems like they are just experimenting.

[jinnyjinny]

it seems to be true, so many ico everyday, therefore we really need some regulation,  to avoid collecting money from investors. Although some investors  need to be taught a lesson.  no sense in throwing money away without analysis.

[RAJSALLIN]

it seems to be true, so many ico everyday, therefore we really need some regulation,  to avoid collecting money from investors. Although some investors  need to be taught a lesson.  no sense in throwing money away without analysis.

When investor analyze (each investor should be doing this before throwing away their money) some ICOs, they need to make sure if the project will goes well and also learning about the dev.
But i agree if nowadays ICOs are too much...

[AirFlame]

Most of the scams are pretty obvious. There is just too many people that waste their money without an in-depth analysis. This is not only for crypto market, in anything about money people are looking for a way to scam people and everywhere there are just too many dumb people. Regulating ICO's would only push the scammers to another area. Somehow the public should be taught.

[drogba773]

Most of them scams that's true but %90 percent is little bit too much

[lovenlifelarge]

I hope some good people will list all of this scam ICOs and posted it for awareness along with names of devs. It is a big disappointment for cryptos.

[DoNotTouchMyTraLaLa]

there're lots of ICOs nowadays, one needs to be careful when joining any of them, Look through its WP, advisors, connections. Well, I was lucky enough not to get trapped into a scam by investing into VLB. The project's actually working and everything's been okay so far!

I've heard taht their blockchain platform is developed by QBT team (Qiwi blockchain technologies). This exact team was responsible for developing Masterchain

[jackjackfly]

well it is not that these projects are scamm ones. But that most of them are start ups without any big investor behind. They just think they can find investitions through ICO. But ICO process itself id pretty costly. That is why in the end they just ran out of resources and on't have enough money for marketing. that's it

[yojodojo21]

Well you should not blame anybody to it. The real problem here is the investors they are not quite enough to be picky when it comes to ICO, it's natural that everyday new coin pops out but what can be a real pick to ICO is the background of the project. If you have heard about VLB about their first ICO that was postponed because the cap was a little bit high but what makes that project and team Trusted is they have refunded all the investment they collect. Investing from coins that are on the stockmarket is very different to ICO. There are coins on the market that are shitcoins so you have to choose either from realistic project or from shitcoins in he market.

[johnsaributua]

The founder of ETHEREUM said that over 90% of ICOs are scams. By participating in an ICO, you give your money to a project that probably will never happen. Every day a new ICO comes out ... but what surprises me is that many people invest their savings in these very high risk projects. I think it is much better to invest in real projects already listed on the stock exchange .... of which you know everything well ... For example, BANKERA looks like an ICO scam .....

hello, may i know who the founder of ethereum made the statement (more than 90% ICO is a scam) ?? and may i know the media or links or screenshoot of the statement.

[SamboNZ]

It's pretty much true for me, many ICO's now are just scam, so it's better to do some researching, studying and analyzing before investing in an ICO. Most ICO's projects are too good to be true or unrealistic therefore you better avoid it because most likely it will be a scam.

[Robst]

Yes. True. That's why dudiligence is so important. 90-% of ICO's being a scam is actually quite positive for me I'm a selfish way because it makes the pool of potential investors drastically smaller. Decreasing competition

[EvaGC]

You can also chose an ICO based on a company's trayectory, for example, if they already have a working-circulating product.

[MV7]

People use the word "scam" too easily nowadays.

There's a big difference between a scam, where a project intentionally lies, and a failed project. I can understand 90% of ICOs failing, but i have a hard time believing they're all outright scams.

[StephenieDuong]

Some ico change its status to scam in 2018, and more will become scam. I found lots of project have nothings for sure, no real roadmap, no real product, no real team and still get millions investment.

[Crypto_lion]

The founder of ETHEREUM said that over 90% of ICOs are scams. By participating in an ICO, you give your money to a project that probably will never happen. Every day a new ICO comes out ... but what surprises me is that many people invest their savings in these very high risk projects. I think it is much better to invest in real projects already listed on the stock exchange .... of which you know everything well ... For example, BANKERA looks like an ICO scam .....

I wouldn't say 90 percent of ICO are scam but most of the Ico will fail either because of competition or because of the team not being able to execute their idea .So be careful in selecting the ico

[jackflag]

The founder of ETHEREUM said that over 90% of ICOs are scams. By participating in an ICO, you give your money to a project that probably will never happen. Every day a new ICO comes out ... but what surprises me is that many people invest their savings in these very high risk projects. I think it is much better to invest in real projects already listed on the stock exchange .... of which you know everything well ... For example, BANKERA looks like an ICO scam .....

I'm a little disagree. There are  scams in ico but not all.  . According to statistics for 2017 there were about 15-20% ico scam. But this does not mean that all ico - scam. Most of the iso conscientiously relate to investors. They collect capitalization and go to the crypto exchanges and continued develop theirs products.