80% of ICOs are Scams

[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.

[1715389290]

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[1715389290]

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[pungopete468]

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

nowadays many projeck are scam and deceptive. there are many people who feel or are deceived by most of the projects that only aim for the sake of the team itself

[matico]

ICO is funding eventorganized by different project to initiate a course of pursuing an ideal, developing a service or creating a product! As it is with all start up, not all project will get the required funding or go on to be successful!

[Forme1968]

In my opinion,long term investment is advisable but must be done avoiding greed so as not to loose you profit made overtime as a result of fluctuation, an example is what we experienced recently and we are still experiencing. Some who did not dispose their investment that yielded so much when the price of BTC & altcoin was high are now regretting not selling when it was dropping. So long term is good but with wisdom.

[VclDm]

ICO is funding eventorganized by different project to initiate a course of pursuing an ideal, developing a service or creating a product! As it is with all start up, not all project will get the required funding or go on to be successful!

Yes, there are now a lot of fraudulent ICO projects, they are constantly doing negative news to scam the newbies, but now not only beginners cheated but also old ones are still experienced So I think that today's market is not easy for us to make a profit from investing in ICO

[BlackRacerX]

Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272

I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share

Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”

"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”


DYOR people ...

That's why for newbie investors out there who want to make it big in the whole cryptocurrency scene, everyone has to do their part in doing research specially if they want to go big. It will be a daunting task, but it will be sure to place your money in the right pockets which is with the developers.

[Imhomebody]

Feel sorry for the idiots who bought BCH!

[Drowsyface]

Feel sorry for the idiots who bought BCH!

Ver scammed them. It’s not their fault. Ver is a born criminal. He can’t stand bitcoin having its natural progression with innovation such as Segwit. He fell in love with bitcoin and doesn’t want it change so he wants miners to have complete control by increasing the blocksize. He’s a trouble maker and is afraid of what he doesn’t understand. Maybe he can study up on it in prison for his bait and switch fraud.

[Staysmelly]

Feel sorry for the idiots who bought BCH!

Ver scammed them. It’s not their fault. Ver is a born criminal. He can’t stand bitcoin having its natural progression with innovation such as Segwit. He fell in love with bitcoin and doesn’t want it change so he wants miners to have complete control by increasing the blocksize. He’s a trouble maker and is afraid of what he doesn’t understand. Maybe he can study up on it in prison for his bait and switch fraud.

You feel sorry but then call them idiots. What kind of shit is that? By the way, I have never bought BCash (BCH) and never will.

[Ociwiw]

ICOs may not be legal only in those countries where they are, by definition, prohibited by law, otherwise they are legal, but you are right, there are a lot of frauds among them !

[kollusreenu]

It depends on what plans you have got and how much money you need righf now and how long you are ready to wait for them to come

[arkawa040]

Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272

I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share

Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”

"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”


DYOR people ...

You took these figures for some small period of time, let's start counting from the very beginning of the world of cryptocurrency, I think this figure will change in the other direction, of course, the process of raising funds attracted scammers, but we will slowly learn to deal with them.

[Silly_BadgerBro]

It depends on what plans you have got and how much money you need righf now and how long you are ready to wait for them to come

[munazzakhan96]

I think that the main reason why it is worth keeping coins for a year and even more is the popularity of the coin and its practicality that allows an increasing number of traders to buy it

[Bonwin]

Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272

I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share

Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”

"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”


DYOR people ...

Personally, I have  discovered that there are lots of scam ICOs in the scripture. Then, what most people do not know again is that scam ICOs have been in existence long time ago. They were even numerous, but we never noticed. It is just most of them are now being exposed by virtue of the bear market.

[BlockchainGod]

Unfortunately you're right. Now more than half of the ICO is scammers who will leave immediately after they receive your money.

[Backupnime]

First, your post is posted in the wrong section.
Second, most ICO projects are just hype, which is why countries are adopting laws to restrict ICO.

but if developer want make some ico project they survey and learning about law in their country before launch ico and start crowdfunding, or they just want investor money or what, i don't know if this about law in some country

[Milton Fox]

the example is if we buy bitcoin in january then the price is high and we keep it until now because the price is not rising we are desperate and decided to sell it, obviously we lose but if we are patient we may be able to generate profit because bitcoin still have big chance to exceeds its highest price

[10BTCaDay]

80% is an exaggerated value, most likely 50% of the projects are scams but last year the number has not changed much.

[trofim21]

I saw an article in which they analyzed, and it said that today more than 90% of fraudsters are in the field of cryptocurrency, but among them, of course, there are quality projects. As a rule, these projects have very good consultants, and they have many successful projects behind their backs. Here is an example. The project will pay people for their trash. At the moment the bonus is 5%, you can buy coins by the end of October. I advise you to see the project.