Over 90% of ICOs are a scam

[housebtc]

I once again made sure that you should choose projects that advertises ICOdrops. One example is QuarkChain.

The concern I have now is that the space is unfair again, good projects were bought out in the private sale and some that do public sale only allocated few percentage to the public, the last 3 or 4 ICO Iparticipated in started dumping on the exchange after listing

[BarbieCasino]

I think 90% is too high. There are many good ico's that are release in the market. And i gain good income with them. And i think only 40% percent are scam. So we need to study the ico first before we got engaged into it.

Whatever is the number or percent, still a lot of ICOs are risky to invest with. So yeah when you have perfect knowledge and good information of ICOs, you will be able to distinguish between the good and the bas ICOs. Besides, entry of newbie in the market without having good understanding of the market behavior and technology often goes for ICOs with huge risks. They often loose good money and end up calling the technology scam.

[Agetan]

90% is a very high number, 50% is real.
And that is why is very important to choose only the 50% best, but it can be very difficult.
The last big scam was HashCard - seemed very interesting.

Not so. 50% also very high number. We need to spread good thing about crypto so not about scam which will make newbie worry about this. I know we should know the risk before joining here but 50% or 90% is too high number. Scam is not the same with ico fail. Ico project that fail and not scam will return the money to customer if they dont reach the soft cap. Mostly the ico like this and we can say its probably around 60% and 40% success. But that is not scam. Maybe 10% scam is in my number. Scam means, success or not the project, they will run with our money. Thats what i know.

[medcrypto]

Can't the industry (Crypto) leaders come together and form some regulations to regularise the industry? We know governments can't do the same considering the global forum but wouldn't it be good for the industry itself to collaborate and regularise itself to save from the harm of the SCAMS and other challenges?

[Lastsamuraj]

97% if to be more exact.And only 17%of remaining 3% are successful.So yeah,its a risky game,but worth of it if played accurate

[stronghands4lyfe]

Probably not outright scams as most of them intend to build something. But after not building anything, or giving up easily then yeah I suppose 90%+ are "scams". It is hardly a scam though if the coin or token comes to market and you have a chance to get out, thats why I feel the title is misleading although it may be somewhat true.

[roxbit]

I invested in about 10 projects, but none of them was a scam. But according to statistics, most of them are scam.

Yes, I have been investing and joining bounties in several ICOs but none I have encountered a scam so far. Fortunately, I didn't experienced being scammed by ICOs and hoping that it will not happen to me. I made sure the project is legit by making thorough research about the project. Crypto is risky so we must know to protect ourselves.

[Zhongjunkun]

Yes. I agree with you very much. But for now, the fastest way to make money is because of this 90% ICO.

[ganlianshifu1]

For most ordinary investors, although the ICO is let a person get rich potential, but more let a person become cut chives, especially to block chain knowledge related to the lack of necessary cognitive ordinary investors. Therefore, I suggest you do not touch it casually, especially in the current stage of chaos, wind and rain.

[altercreed]

That sounds so true because for the past couple of months since i started joining bounty campaigns, i admit i always fall to a scam ICO even though i am so convinced about their project by reading their whitepaper and checking for their team. Maybe there are really people who are good at deceiving others.

[CoinSlayer]

I think Vitalik is right. But it is very difficult to understand where these 10% of real, good projects.

[LtMotioN]

The word scam is being thrown away too loosely these days. A Scam is something that was intended to steal your money and never deliver on anything, such as TBAR. If a project fails to deliver what it hoped to deliver because of things like regulations or the fact that the Ethereum we have today doesn't scale, or it was maybe just a bad idea that never needed a blockchain in the first place.. Then that is not a scam.

I say, 90% of ICOs will fail, but not 90% of them are scams. Most of them are trying to achieve their roadmaps. Most of what we have in crypto is also severely overpriced.

[extrimals]

I would even say that 99.9% and this is a scam. But this is the essence. If you want to earn you need to know the time to stop by and get out right.

[patrickrn32]

I would even say that 99.9% and this is a scam. But this is the essence. If you want to earn you need to know the time to stop by and get out right.

maybe scam is the wrong phrase, its normal that not all projects could survive, because of different happenings, ( Team separation, no Investors, bad Marketing and much more )
and "nobody can reinvent the wheel" .. there are so much projects with the same goal... only the best survive.. there are always clear exceptions that improve something in such a way that they have an enormous increase in value but it is getting harder every day

[laluna24]

It's not so bad to invest in ICOs'. You just need to normally analyze what is this ICO about.

It is proven by many that there are many scams Ico. Since there are many scams better to search first before you invest your money. That is true always analyze before putting up money in Ico.

[Bohdan98]

I think that ico will be successful only when the project is will be needed by society. so my choice fell on the project Tradelize, if you have not heard about it, then I advise you to get acquainted and you will understand why I think so.

[cramcram21]

I think it is really exaggerated to say that only 10% of it is legitimate ,
You are right that there are more scam ICO than a legitimate one but I don't really think that it is 9 out of 10 ICO are scam.

[EMRO CEO]

I totally agree with that statement. I don't see why projects need to raise funds through ICO's. There are so many ICO's popping up and how many of them really happen?? I invested in one and and the coins were released to investors, but the manner in which its done is very suspicious. But still people invest in ICO's like its going to change their lives.

[disconnectme]

I don't think people understand the difference between Scam and Fail, most of the project in the space will fail not because they are scam project but because it is a natural designed, the rate at which start up project fail is like 9 out of every 10. Even the so hyped projects in the space now some of them will end up with zero value, remember Yahoo

[ernoo]

We all know, investing to ICO-s is risky, but when doing wisely, it can be very profitable. Just need o find that 10%