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Author Topic: Over 90% of ICOs are a scam  (Read 1430 times)
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April 16, 2018, 10:58:59 AM
 #281

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 .....

We can't know for sure how much the price of a coin will be after the ICO, usually after the ICO the price gets dumped if there were lots of bounties and people will try to sell and get fast the money that they have waiting for many weeks or months.

In other cases there should be an increase because the investors should earn something, the development doesn't stop and so it becomes popular, check ETH, it was in ICO too but see how much costs ETH now and how much has cost when it was in the ICO and after the ICO.

Thank you...


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April 16, 2018, 11:01:54 AM
 #282

I do not think it's 90% scam. There can only be 10% scam, the other 80% are slow running teams.


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April 16, 2018, 02:01:01 PM
 #283

I think the percentage may not be so big. I'm sure that there are many more good IСOs projects. Up to 40% of projects have excellent potential and achieve good results, just see new coins on Binance, if you participate in the ico, you will get huge rewards
Agree
I also think that this is some kind of unreal statistic. The question is how many ICOs have these experts analyzed...I personally see a lot of successful icos here
I am also not very much sure about the percentage. It might be wrong but the message that it is giving to all of us is absolutely correct. The number of scams has increased recently and it is far greater than the last year. It is better to show more care with every passing day. More and more people are using internet for fooling others and the worst part is, criminals are tough to be caught.
Unfortunately where there is money, there will always be scams.

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April 16, 2018, 02:21:57 PM
 #284

I think your statement is wrong, if 90% ico scam I'll bet there will not be ico anymore. people will not invest in ico again because of the high risk.
do you think all the investors are so stupid, so if that's true you say that can you attach the proof.

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April 16, 2018, 03:30:39 PM
 #285

considering companies doing ICOs are simply startups and 90% of the startups fail (https://www.forbes.com/sites/neilpatel/2015/01/16/90-of-startups-will-fail-heres-what-you-need-to-know-about-the-10/), this statistics don't surprise me actually. If your expectations are different, you might want to change your opinion about investments tho.
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April 16, 2018, 03:35:06 PM
 #286

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 .....
exactly. Most ICOs are now only full of scams. no real project. they created the ICO. after the token is sold. They will run away or delay the project. There are very few good projects at the present time. You need to find out carefully and select good ICO projects. You can invest if you are interested

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April 16, 2018, 08:06:15 PM
 #287

I will quote an excerpt from the article.
Traveling through 900 ICOs in one evening is an extremely depressing process. A lot of abandoned Twitter accounts, empty Telegram groups, websites that are no longer updated. Such a "digital cemetery" characterizes the fruitful harvest of 2017.

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April 16, 2018, 08:20:24 PM
 #288

I will quote an excerpt from the article.
Traveling through 900 ICOs in one evening is an extremely depressing process. A lot of abandoned Twitter accounts, empty Telegram groups, websites that are no longer updated. Such a "digital cemetery" characterizes the fruitful harvest of 2017.

Some projects have risen above zero, some couple of thousands of dollars, and some have attracted more than $ 10 million. Ultimately, the result is the same everywhere: there is no MVP, an alpha release, and no contribution to a decentralized network to improve humanity.

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April 16, 2018, 08:22:17 PM
 #289


Many of the 531 ICOs that failed last year looked like a futuristic concept from the very beginning. In most cases, seasoned investors could identify signs of a scam and be cautious. However, not all have the proper experience in investing, and for this reason some projects still attract more than $ 200 million.

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April 16, 2018, 08:23:07 PM
 #290

If 90% of ICO are scam, then how can you invest, knowing that it's a big risk if you invest your money in any project, you may end up losing all your money.
It is that true most of the ico are scammers, but I'm not so sure about the percentage.

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April 16, 2018, 08:24:17 PM
 #291

Since the ICO mania does not show any signs of easing, there is no reason to believe that this year will be better. Due to increased competition and an endless stream of potentially tempting ICOs, crypto-investment in 2018 will be even more risky than ever.

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April 16, 2018, 08:27:42 PM
 #292

Some experts says it 80% total scams in the past year, and only 8 percent reached exchange, some dies and some are still hanging up hoping to get through... But that was past years maybe this year it wil increase to 90%

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April 16, 2018, 09:14:17 PM
 #293

from my own experience as a member of the bounty, I can say that this statement is like the truth. Some of the scammers do not survive even before the end of the bounty, some are revealed immediately after the completion of the Ico, some may show imaginary activity for several months, if not years ...

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April 16, 2018, 09:52:52 PM
 #294

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 .....
Well, i don't really believe in your submission that over 90 percent of ICO are scam because even Bitcoin, ethereum and many other altcoins that have succeeded at the beginning was said to be a scam project may not see the light of the day  but not on till later people started regretting the mistakes they might have made for not investing in those coins as at when their value was insignificant. But that doesn't mean there are no scam project but not to the turn of 90 percent.

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April 16, 2018, 10:40:58 PM
 #295

95% of the coins on coinmarketcap will not survive the next five years. Those with Tech will prevail.
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April 16, 2018, 10:44:43 PM
 #296

Indeed, lately there has been a lot of scams in the ICO. Now it has become very difficult to choose promising projects and identify fraud is almost impossible. Hard times are coming.

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April 16, 2018, 11:08:37 PM
 #297

Indeed, lately there has been a lot of scams in the ICO. Now it has become very difficult to choose promising projects and identify fraud is almost impossible. Hard times are coming.
Yeah,  this true.  Scammers are getting smart also in presenting their projects into the community, that's why we can't really say this project will be a scam at first and we can only knew it usually at the end of crowsade sale.

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April 16, 2018, 11:11:10 PM
 #298

That is not true for me, i have participated in more than nine icos and none of them has been a scam, maybe the devs stoped working hard at some point but it doesnt mean that it is a scam project.

Anyway, it is true that there are more scammy icos than before, i dont know why this is really happening at the moment.

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April 16, 2018, 11:26:33 PM
 #299

That is not true for me, i have participated in more than nine icos and none of them has been a scam, maybe the devs stoped working hard at some point but it doesnt mean that it is a scam project.

Anyway, it is true that there are more scammy icos than before, i dont know why this is really happening at the moment.


You'd make a good choice on joining ICO's but we cannot blame people if they think 90% of ICO's are scam because it might be true or not. For me, you can easily saw what is the good ico by just studying the project and the team behind it. Make an effort and prevent yourself from being scammed.

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April 16, 2018, 11:47:51 PM
 #300

It's just an allegation after all, i see a lot of project pushing their platform through right after they conducted their ICOs. 90% is too much portion of legit and scam in total but we can't deny the fact that there's a lot of scam ICO these days but it might be reduced in the future since regulation is almost up there in every country.

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