Over 90% of ICOs are a scam

[Angel0]

You have only mention one example of an ICO that suspicious to be a scam project and you're saying ninety percent of ICO is scam?
Com'on  my friend, you should provide a long list not just one name.

[Reez]

I don't think so. Though I have read, over 46% ICOs fail. Large number of them are scams but 90% is very high and unlikely.

[Pancheng]

I think you should say 9% of ICOs are scam, like one out if ten is fake, the other are just dropped during the process due to lack of fund and some are not successful during its PreSale and main sale.

[bhoybitcoin]

I'm not sure if that's statement is correct. Only those people who put some amount on Icos are mostly the ones who's saying that. But for those who are giving their hard work in participating Icos (did not use their money) are the lucky ones which they received rewards for free. So this statement is false.

[3DBrushes]

I think you should say 9% of ICOs are scam, like one out if ten is fake, the other are just dropped during the process due to lack of fund and some are not successful during its PreSale and main sale.

As you are saying 9% ICOs are scam like they will run away with people's money. Other than this there are alot scam ICOs which probably won't run away with user's money but they just run ICO for namesake and in inside they won't develop any products which were promised before. They keep on fooling with users emotions.

[DanWalker]

You have only mention one example of an ICO that suspicious to be a scam project and you're saying ninety percent of ICO is scam?
Com'on  my friend, you should provide a long list not just one name.

Maybe this is real statistics. But today we can not influence this, because there is chaos in the ICO industry. Our main goal is to learn how to choose good and quality projects. This ensures profit.

[dedelp01]

It will always come down to you, if you are really willing to risk your money on some ICO you don't trust.

[winterland]

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 .....

Vitalik pulled that number out of somewhere, over 90% of statistics are made up. You also don't have to give money, you can get airdrops or get bounties. Also, is Ethereum really money? I would think less than half are scams but most are pipe dreams.  Calling something is SCAM is quite an accusation and is libel, if you think something is a scam, report it to the police, mention it directly and don't hide. To paint 90% of ICOs as scams is ridiculous. Sure 95% wont succeed, they are copycats and have weak teams. Hopefully due diligence can help a savvy investor pick out a much higher percentage of winners than 1/20. I hope to profit off 1/3 of my ICOs and profit immensely in 1/10.

The world is cracking down on ICO scams, take a look at QSP (QuantStamp) and ICO check, the US government, Facebook and other entities and coins that are looking at ending this fraud. Do your research!

I completely agree with this many icos will eventually reach a price of zero and will disappear but to think 90% of the icos are a scam is huge mistake, since the founder of another coin said this I will say this is a way to try to get more investors to his coin, after all how many other people have said ETH was a scam only to be proven wrong again and again.

[Ab-Soul]

So, %10 of ICO's are legit. You must find the hidden gem there. I know some ICO's that only allows whitelisted people to invest and then make huge gain in exchanges. Try to look out for them, if you can find a good one you can even make 100x in one ICO. I agree that most of them are scams but the point is to find the best one. Do your own research.

[kirstiemorton23]

However, some experts argue that ICO is a legitimate way to raise funds because tokens are promised access to services in the future once it is launched.

In addition, founder and CEO of CommerceLlock, Nicholas Gregory said that many fraud in every financial system, because it is too easy for critics to point out errors in technology. After that, investors will also take risks by buying tokens offered through ICO like buying equity.

[Ryanpogi]

This is because the scam is bigger now, many investors have two minds because of this. it may be of interest to you.

[Linhkej]

That was a really big number and it made me afraid to invest in ICO projects. Airdrop jobs often have a lot of fraud in them. So is my strategy and involved in signature campaigns and social media campaigns to earn extra income. From there, I could invest in the altcoins with the money I earned from the bonus campaign.

[minthit]

But, some are just unsuccessful ICOs. The problem is that people don't invest enough time to study the project they invest in. And also IMO, most of the investors know what they are dealing with. They are just getting the bonus and dump as soon as the project is put on the exchange, so that, they can make a sure profit.

[bohr]

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.

Maybe that is what he meant after all its impossible that scammers outnumber legit projects by that much but there is some truth when we think about that most projects are not going to succeed at all, most projects are just some copies of bitcoin with a minor change here and there, so most of those coins only exist for traders to try to make money with those coins and when that no longer is possible those coins are dumped.

[crzy]

But, some are just unsuccessful ICOs. The problem is that people don't invest enough time to study the project they invest in. And also IMO, most of the investors know what they are dealing with. They are just getting the bonus and dump as soon as the project is put on the exchange, so that, they can make a sure profit.

Most of them are really unsuccessful yet they didn't return the funds they get and that's the time its become a scam. A lot of ICO's everyday so I think its really hard for the developer to compete in cryptomarket and some of investors are just too busy joining into other ICO. Just be careful on joining ICO's so you will not loss the money you have.

[dg2010]

certainly. no one is willing give you free money. they will take you something and i do not think that they will pay for you just based on personal data. if you do not money to trade. let's work for bounty campaign.

[piter_wip12592]

I think so. Currently I see in the market there are too many ICO projects. And this made me confused when investing. And as I see this is the main reason for bringing the coin on the market such as BTC, ETH, RIP ..... on a high. Because when there are so many fraudulent projects, people will only invest in good coins.

[minbosen]

I think so. Currently I see in the market there are too many ICO projects. And this made me confused when investing. And as I see this is the main reason for bringing the coin on the market such as BTC, ETH, RIP ..... on a high. Because when there are so many fraudulent projects, people will only invest in good coins.

Though I think many ICO projects are scams with a simple whitepaper and some big words, there are more solid projects, they maybe faile to reach the goal, however, they are trying their best to do that in my opinion.

[realcrypto]

We all know that investing in ICO involve high risk but it is not up to 90%. Let us make positive statement about ICO because we are all benefiting from ICO through bounty rewards. We can say 40% of ICOs are scam.

[dsaijz03]

Some are scam but I think not 90%.There are ICO that are at the begining are already scam but some ICO did not succeed in which they cannot give the money back and in some sort makes it a scam.