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Author Topic: 80% of ICOs are Scams  (Read 3777 times)
Laace
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July 12, 2018, 12:00:20 AM
 #1221

The think is probably even 70% of all ICOs are scammers. The problem is that any big money attracts scams, which then kill the ecosystem of the entire business.

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July 12, 2018, 12:08:20 AM
 #1222

The motivation behind why the trick ICO's rounds up to 81% is on account of individuals who encountered that the ICO's have not give them benefit as guaranteed they will quickly call them tricksters. Those ICO's that are being called tricks are ICOs who have fizzled, gone dead and some went on exchange however experienced an immense dump of significant worth. This will clarify that in the event that you solicit an individual most from them will state that ICO's are trick.

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July 12, 2018, 07:04:28 AM
 #1223

unfortunately yes, because in this world there’s a lot of scammer that the only thing they want or called objective is to gain profits for their own goods even
if fooling others in terms of business is absolutely prohibited.

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July 12, 2018, 07:09:17 AM
 #1224

You guys calling ico scam is because you didn't get mega profits from the project after listing on exchange as expected. Sorry about that but icos are meant for long term investment and not an overnight profitable venture. Many people need to understand this. If you are still thinking of an ico to invest in then you can check out spotcoin. Very legit and also has a good initiative that rewards its holders

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July 12, 2018, 07:30:53 AM
 #1225

I know, lately, ICO is a scam growing everywhere. But I am sure, there are still many opportunities that are created to get a legitimate ICO. In my opinion, the percentage you say is too much. If we can improve our insights and knowledge both in theory and practice, I am sure we can easily get high-quality ICOs and have a great opportunity for ICO to deliver high yields.

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July 12, 2018, 07:38:22 AM
 #1226

sad to see if the scam ico percentage 80%, I just curious this figure is obtained from where, I think only estimates. I think the number 80% is too much, many ico on BTT is successful and went on to trade or a exchange, if it is true that investors should be more careful in choosing the right ICO.

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July 12, 2018, 10:39:13 AM
 #1227

Yes, almost ICO's are scam so be careful on what ICO you will be choosing. Most of them are not legit, and their mission is to take our hard-earned money and run away. Most scam ICO, are taking the advantage of the era of crypto world so be careful on what platform you will be choosing.

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July 12, 2018, 10:47:40 AM
 #1228

Don't think so. A lot don't manage to sell many/any tokens, but they're not really scams. More like less than 5% are actual scams.

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July 12, 2018, 10:53:40 AM
 #1229

I think that about half ICO. 80 is too much
but from the half that is not fraud - 20 percent simply does not even collect its minimum capital
apparently failed projects are usually seen from the very beginning, even in terms of design and objectives

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July 12, 2018, 10:53:53 AM
 #1230

Do you think market needs a tool to define/evaluate projects in a fair/uncorrupted way? To make market more transparent and clear?

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July 12, 2018, 10:54:52 AM
 #1231

ICO is a very dangerous area for new investors. There are traps everywhere in ico, and even many are scams. Once you are not careful enough when investing, you may lose all of yours.

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July 12, 2018, 10:55:35 AM
 #1232

Maybe even more than 80%, but to have those remaining revolutionary, good ones it's all worth it IMO! Same like .com bubble, a lot of shite disappeared but the great projects like Amazon remained alive.
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July 12, 2018, 10:55:45 AM
 #1233

Honestly there are loads of phony ICO right now and it even end up hard to know those phony ICO in order to maintain a strategic distance from them. In spite of the fact that one of the approaches to know the numerous phony ICO is to ensure we get some information about them like knowing the correct the venture is about and perusing their whitepaper to check whether it is a commendable task and worth squandering the time on.

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July 12, 2018, 10:55:52 AM
 #1234

It's like the truth. And if you count projects that will eventually disappear after trading on the stock exchange, then the figure, in general, will become very large

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July 12, 2018, 10:57:49 AM
 #1235

Its underestimated rate, really more than 95% are scam
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July 12, 2018, 11:03:31 AM
 #1236

Maybe even more than 80%, but to have those remaining revolutionary, good ones it's all worth it IMO! Same like .com bubble, a lot of shite disappeared but the great projects like Amazon remained alive.

yeah right . even  if lots of ico are scams , there are still few that is worth it because they did already became succesful .

the dot com bubble that you are talking about is not an ico , therfore you cannot compare it here because we are only talking about ico in this thread and not other types or forms of scams .

anyway ,  knowing that the number of scam ico's are growing each day , it is now unsafe to participate on an ico . so better we just try out some other legit investments such as cryptos (e.g bitcoin and etherium )

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July 12, 2018, 11:14:35 AM
 #1237

Yes you are definitely right. I have found too many scammed ICO. They just only want to rob you as much as they can. But there are very good searches available to check whether a ICO is a scam or not.
Do proper research before investing in any ICO.
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July 12, 2018, 04:49:46 PM
 #1238

It seems to me that the scam of projects is less than 80%.  But there are a lot of unsuccessful companies now.

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July 12, 2018, 04:51:55 PM
 #1239

I don't agree with their opinion telling us ICO is 80% Scam. maybe i will go for 50-50. cause most are legit you need to see first the People behind the project if its really real person or not.  I am talking about it because of my own experience. Some period in a past I had been participated in many ICO projects. And only a few brought me any results.  Grin Grin Grin Grin

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July 12, 2018, 06:26:16 PM
 #1240

Now there are a lot of projects that do not reach soft cap or the price of a coin in the market is much lower than the ICO price and it's very bad.

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