Scam coins everywhere.

[Grundigshare]

No newbie to ICO, I also participated in two ICO last year and did not make money, a lot of projects just to enter the exchange, we should try to avoid these new projects and try to invest some of the mainstream coins as much as possible.

[Budening]

I'm so sad read this thread, I feel too. many coins are scam everywhere and many bounty campaign that not good. we never know which coin is good and which is scam, we just can try and try to find some good coin that have a good price

[Boh manok]

It is a lot of Bounty is now a scam and again Bounty is now getting less income probably this is because now most of the price of incoming coins has declined in price and again now has a lot of bounty participants

[Genjik]

It really is hard to believe that there are some ICOs who are intended to scam people. There are all hypocrits and rely on the weakness of people especially those who are new to bitcoin. So sad.

I suggest before joining ico, first join the telegram group, read the good roadmaps, don't let ico be suspicious, and you still follow them. your steps are not right

[Karlblaise1]

You definitely need to device a way to weed them off. Dont forget that Ziber ICO that turned out to be fraud?
If you analyze it based on the following parameters:

SECURED WEBSITE,
BUSY AND PROMPT RESPONSE ORIENTED SOCIAL MEDIA,
GOOD AND POSSIBLE PRODUCT OFFERING,
GOOD MANAGEMENT TEAM,
KEEPING TO ROADMAP TERMS ETC,

you'll discover they fell short of the above listed despite the above listed sounding so common.
A trial will let you know that it's not all that is common that is really common

ARE SOME LITTLE THINGS YOU CAN CHECK OUT FOR

[mine2slow]

Of course, now there are a lot of scam coins, and it is very difficult to recognize where is a scam, or where is a normal project, because the cryptocurrency market is a very profitable business, and everyone wants to make quick money here

It's easy to identify scam as soon as you see them. There're many teams which want to make money and disappear. All of them have a cheap website and a brief whitepaper written in general terms, haven't any photos of the team or links on Linkedin and so on.

[viva95]

Well people understood that blockchain is good place to make money. Some of them try to do that by not honest way and create coins which don't have any future. That's why we can see a lot of scams

[Doubleabc]

Yes this is a real problem. but i feel the market is correcting itself and new icos are coming that are trustworthy.
Also nowadays, people should rely less on ico ratings etc.Because those are often great, even for scams.

[sirico]

indeed .. what you have to do is put some effort to do a research about the team behind the ICO ... also the investors , backers etc .. because it's your money

[Umnikt]

Just be vigilant and careful .

[brianross7]

It really is hard to believe that there are some ICOs who are intended to scam people. There are all hypocrits and rely on the weakness of people especially those who are new to bitcoin. So sad.

I totally agree with your point. Scam is now everywhere in crypto market.so bad that there are more people want to get fast profit by cheating people.
For beginners, We just have to study the project carefully about their white paper, technology, schedule and the team behind before making any investing decision.

[matedrink24]

I think the more investors lose confidence in ico. There are too many ico scam. It greatly affects the market in the future.

[2@abcdeeply]

Exactly, many ICO projects are now coming up with illusory programs, creating bogus coins to scam the new investors in the market, so we're careful before investing in this market.

[KseniaLard]

That's why basic knowledge is needed, you need to know how to carefully study projects before joining or before giving your money to invest in them. Do not rush, because the offer is limited, and the offer is good, as one way to become a millionaire in a short period. Do not be greedy in the new area that you just enter into, because many people are smarter than you.

[fitzzz]

Scam coins and ICO are the cancer of crypto. Many investors afraid to enter in crypto because of this.

[cryptomeo]

The number of scams is inevitable, it happens everywhere not just on crypto. The unrelated free for all opens to malicious opportunities.So, o think some sort of regulatory framework will be a welcome sign even though many would argue it as against the original dogma of Bitcoin and cryptocurrency. But investors need some degrees of protection if crypto trading need to go into mainstream adoption. Let's see US will take a lead on this soon.

[Fritz93]

I believe that to date the market is oversaturated with coins. I think in the near future, many coins will simply go into oblivion. And this situation has developed precisely because of fraudulent projects. They simply collect funds and do not fulfill their duties.

[ilhamsugihamin]

indeed all forms of fraud that can happen anytime and anywhere, but who knows behind the ICO is good in terms of any and token sales success, is a scam. information manipulation can be made in such a way that everyone believes.

[GabiGoal]

Scam always accompanies something new. When the first computer games appeared, there was also a lot of scam games. For 100 games, 90 were scam, the developers just wanted quick money.  The same with cryptocurrency.

[akonrupom]

Yes you are right scam is everywhere in this crypto market. It really is hard to believe that there are some ICOs who are intended to scam people. There are all hypocrits and rely on the weakness of people especially those who are new to bitcoin.