Over 90% of ICOs are a scam

[Enzo05]

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 don't know if the CEO or founder of ETH said that . In my opinion yes that is very true that most ICO's are scam but not a total of 90 percent there are still some projects that is legit and they do what it says on their roadmap . It's up to you on how you spot a good ICO like me I pick diwtoken as one of the good ico for me that's why I support this project and not impossible to invest here .

[ksiazek7]

There is no way 90% are scams.  I could believe 90% will eventually fail.  I'm more optimistic myself so I would think that number is a bit high.  I have to believe that the majority of these ICO's are trying to their best to bring their idea to fruition.

[long8899]

I think there are many scam ICO but not 90 percent of them.

I think the reason why Vitalik Buterin said it is because he want investors don't bother to do research on new coins, jut focus on valid and good coins like eth.

 
My opinion is it is vital for investors to distinguish scam coin and good coin. there are many scam ICO but not that high.

[surfinonmyownwavebaby]

Not out right but if you consider the ones that don't follow through on promises our work nearly as hard as they should I would say the number is north of 95% then.

[ecnalubma]

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 .....

Its Vitalik's opinion but does reflect a 100% situation of whats going on in the community. Yes there are a lot scam ICO's nowadays but its due to lack of regulations, but if tight regulations are implemented those scammers couldn't enter anaymore in the ICO space. But when regards to ROI and profitability, most ICO investments are crafted for long term just like traditional stocks which aims for huge returns in the future.

[epittman]

Unfortunately, it's sad but true
 other 10% are hard to find but real

If they have data for that percentage then they must have data of what are the scams and what are the legit.

[blockman]

I have to believe that the majority of these ICO's are trying to their best to bring their idea to fruition.

But the sad fact is that most of them are failing. Those ICO's that doesn't have real project and vision to what they are promoting and doing. Vitalik knows the value of ICO's and as well as those that are worth detaching it with those scams. I haven't seen any negative comment about VLB after they postponed their private presale last December and now they are back with a 30% bonus. It's rare to see the 10% of the remaining legit ICO's in the web and luckily I found one of it.

[Trcream]

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 .....

What makes you think Bankera is a fraud?

[ciacio84]

I do not trust this project ... if you do research on the internet there are many videos and articles that say that BAnkera is probably a scam. Spectrocoin has had many fraudulent charges in the past ... They are collecting millions and millions of dollars and the project will only start in 2019 ....

[bboyjohn]

Usually they cheat people to collect money under the ico name. In fact, there is no project, the idea is simple, whitepaper is not prepared, but people try their luck and invest a small amount.
I dont believe icos and make profits with icos

[ciacio84]

46% of ICOs in 2017 have already failed ...

https://news.bitcoin.com/46-last-years-icos-failed-already/

[Invester]

46% of ICOs in 2017 have already failed ...

https://news.bitcoin.com/46-last-years-icos-failed-already/

This is expected. But then it also means that not really 90% of the ICOs are scams. It is even less than 50%. I think when Vitalik Buterin said that, he did not really mean to say that 90% of ICOs are scams. You cannot be too literal in understanding statements. He might only mean that a very big portion of the ICOs are really scams. But the statistical figure being mentioned is only a representation of what he really meant, that scam ICOs are all over the market. Just the same, people should learn to exert more effort in researching about the ICO they want to invest in.

[lagsalot]

It truly feels like some ICOs you see are a scam. I mean, like 20% of them use the same website design. How is that even possible? Due to laziness?
Whitepapers written with tons of mistakes, no teams, no real announcements or plans.

I think that most of the time you will notice something is wrong.

Looking up the creators is important. If they have nothing to back up their ICO, why invest at all?
Is there media buzz surrounding the ICO?
Do they have serious community manager support?
There are many things to watch out for.

But the real talk here is, you can't ever use a line "safe ICO investment". Investment of any kind is never safe. Otherwise you can't call it investment at all.

[athanz88]

I would not and can not say over 90% of ICOs are scam because i dont have a valid data of it and if someone big said something about ICO, it can be true or false, we need a valid data before making a conclusion.

ICO is a high return and high risk investment. Having a good idea, good team, good founder, and great partnership will not make that project going successful, it just reduce the chance that the ICO is a scam, and if the criteria i mentioned before are considered great for some project, then the project must be a real deal. But the result of the project after the ICO depends on the team and their work.

Lets take an example, i can not say VLB is a scam project, because they have made their ICO on last year but they didnt receive the cap and they returned all the money to the investor (it is around 4m usd i believe), it is definitely not a scam because if its a scam then they wouldnt give back all the money to the investor. But the problem with an ICO project is there will be a succesful ICO and some are not succesful enough like the others, and when people make a bad decision over an ICO and loss their money, then they see this as an scam act, in fact it is not, it is just an ICO who is struggling to make their project come to life. So that is why you need to learn the project, giving VLB as an example, they pass all the criteria easily (whitepaper, founder, team,partner, realistic cap) and has a big potential to be succesful as an utility token.

And the trend recently is that people is being a fool who can be scammed easily by some random account claiming that he/she is a support manager from ICO a or ICO b and then transfer the money into this scammer wallet, and guess what, the sender doesnt even know he is scammed and thinks that he invested to ICO a or ICO b and then claiming that this ICO a or ICO b scammed the sender.

[clawdiw]

I think that every good project at the begining was seen in a certain way as a scam, as a promise that will never be accomplished.

Every little thing in our life has a percentage of risk. Here this percentage is very high.

There are projects having good ideas that failed to develop them due to lack of experience of the team, marketing, etc, and projects that indeed are scams and built as so.

According to this link: https://news.bitcoin.com/46-last-years-icos-failed-already/ 46% of the last year's icos have failed already. Were they all scams? Not entirely sure. 

The base line is still the same: invest as much as you are willing to lose.

[smiletyson]

i see your point and i raise, over 95 percent of icos are scams. luckily we have regulations now.
i hope all scammers will be put in jail. we don't want to live with them at same place.

[CptThomas13]

hi guys, im new to icos but i realized that most of the times i cannot buy as much tokens as i want.
I read about this MKK POOL (discordapp) yesterday, they organize kind of a pools for pre-sales?
Has anyone heard of them? Any experience? Are they trustworthy?"

[CrazeCoinz]

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 think Mr. Vitalik Buterin statement is too much as I can consider it as a strong word to punch their competitors in digital currency. This is business, he is just protecting his community to patronize his ethereum rather than looking on not proven projects. I can't imagine a 90% are scams...maybe a few were scams and others were failed to make it. But I seen many potential projects in this batch of ICOs as this will create a good profits in the long run. You need to do your own research. If your doubt then don't invest in ICOs just wait once it launch in the exchanges as some coins price will be lower than ICO price.

[Agamemnus]

According to stats more than 47% ICOs failed which started last year so the Ethereum founder isn't too wrong in saying that more than 90% ICOs are doomed to fail/scams. If these ICOs couldn't survive one year than how long do you think they will survive in the future with this cut throat competition happening currently in terms of development.

[Jorosss]

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 .....

Is that for real? 90% of ICO is scam? i think it is too exaggerated. Anyway risking an investment in an ICOs are higher compared to a already established coin project in a market. But together with high risk it also has big chance of getting higher profit. So it is one of the reason why there are still many people invest in ICO despite of chances of getting scammed.