80% of ICOs are Scams

[Alexarik]

Companies that don't offer whitepapers should be avoided at all costs. Still, it's possible for a fraudulent company to put forward a convincing whitepaper, as was the case with PlexCoin; this company managed to raise over $15 million before the U.S Securities and Exchange Commission (SEC) stepped in to shut it down.

[Fluxtorrence9]

Yeah I accept that fact , its hellish to invest in any ICOs now without be worried about if the project is here to stay or they are scammers even with roadmaps and whitepaper

[kriptoman171]

In the crypto market, as it turned out, there are a lot of scammers. Many projects simply collected money and disappeared, other projects pretend to do something, but in fact do nothing.

[Mashadarty1]

obviously a lot of ICO scam nowadays and a lot of incidents when people lose their money, such a things make me upset, but i'm not sure that 80% is a scam. smth about a half of number of ICOs i guess

[Handalger]

Yes, now most of the projects that have a lot of problems with fees, and a lot of projects that have a lot of scams, it is necessary to invest with caution, especially now the market

[evichi]

It is very important now to carefully examine ICOs before participating. While ICOs might have good intention to succeed, the project might fail on the long run. It is really difficult to discern a good and viable ICO from a fake/spam ICO. I think the project promoters profile can help determine how serious/promising a project can be. In fact extensive research is required. Exercising patience to examine the project is very important. At the end, it will pay off because money is involved.

[Eneas1960]

Because I tend to make huge profits from it, as the coin grows, as long as the coin invested is stable and has good potential, the profit will increase.

[SSSegrio]

I think less than 80%. somewhere between 60-70%. Again, the statistics do not stand still. But still want to see not Scam projects.

[SacramentoKings]

Also investing in bitcoin and wait for long will surely give you a high amount of profit.

[Monetran]

Also investing in bitcoin and wait for long will surely give you a high amount of profit.

Another BTC groupie.

"Investing" in Bitcoin means gambling on something that has no value but you hope that someday there will be somebody who will pay you more for it. At various times, this has taken the form of tulip bulbs or coconut shells.

If you hold BTC long enough, you may just as well find it to be worthless.

I do like tulips, though. So in that respect, they may be worth more than a bitcoin.   

[SaracenRomero213]

90% of ICOs are scammers at the moment. The cryptocurrency market is fading away and ICOs cannot raise capital. It is very difficult for me to find a good project now.

[Lucas777]

It seems to me that not 80% and even are skamy more. And with it you will make nothing. Any projects can't just raise money for development, and some aren't going to develop further at all, only raise money to themselves in a pocket.

[Monetran]

Did anyone here ever consider looking into SEC Reg. CF companies? You remove about 99% of the scams right there!

The only ICO's you have to worry about are those that aren't regulated.

[Enataramel]

It is not surprising. Swindlers manage many projects. Already got used to it. Strict regulation is necessary. Bad projects are not necessary.

[Cianix]

Well now most of the projects just do not raise funds, and of course most of just a Scam and closed , but if a good project I think you will see it from far away

[ATSgrowth]

I do not think that so many ICOs are scam, but if you look at past ICOs you will see that almost every ICO lost about 95% of its ICO value. Not because most of them are scam, but because they are still working on a product and thanks to bear market we have sales!

[wakeham8]

It is happening due to the current market conditions. They are not scam, they are just suffering from the lack of investors, because no ICO can guarantee you big profit on such a market. Wait for the next bull run and every ICO will collect its hard cap.

[Antaistry67]

Well the only reason about doing some long term investment is to gain larger and steady profits. And I suggest if you are doing long term investments, you should invest on Bitcoin or Ethereum because I believe that these to will rise up again by the end of this year 2018.

[doroshok1]

I agree with this statement. Now really most of the ICO, it's scammers, or unpromising projects. And now, to choose a good company, you need to carefully check everything. This year was not the best for the ICO, but I hope that next year everything will change.

[goku1525]

It is happening due to the current market conditions. They are not scam, they are just suffering from the lack of investors, because no ICO can guarantee you big profit on such a market. Wait for the next bull run and every ICO will collect its hard cap.

Maybe, but mostly of ICO were already put on the exchange are hard to get up from the hard fork it most likely a scammed especially when a token has been put on the yobit exchange. Its only rare ICO project were totally survived from the bearsih market.