Why do people believe and invest in fraudulent ICO?

[Jonsnowstark]

Its not that easy to detect the plight of icos before they are launched. Since there has been a lot of projects splurging, a lot of investors who want to earn a great deal open their investments to these icos. But most of the time, it would be too late to find out if the ico is legit or not.

Here are some pointers that warns us if an ico is a scam:
The website authenticity
The whitepaper clearly states the project details and the time table
The people behind the project

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[DmitriySar]

Scammers attract people with beautiful promises, the future growth and development of the project. It is quite difficult to identify fraudsters.

[asriloni]

Its not that easy to detect the plight of icos before they are launched. Since there has been a lot of projects splurging, a lot of investors who want to earn a great deal open their investments to these icos. But most of the time, it would be too late to find out if the ico is legit or not.

Here are some pointers that warns us if an ico is a scam:
The website authenticity
The whitepaper clearly states the project details and the time table
The people behind the project

The majority of scam icos have been using the photo that has been taken from the internet. that's really important to do a research about the photo of the team rather than try do focus on the their whitepaper.
So many scam hunter has been doing this way to reveal the true identity of the scam ico itself.

[MadaraAvenger]

This ICO fever has taken over the world and now if somebody invest into one ICO they will tell to all his friends to invest because that project it will be huge and like this an ICO Train is form and a lot of guys are investing in something they don't even know about.

[mostkey]

They get very wrong trust in the wrong ICO, therefore the lack of basic knowledge about ICO and other projects, such as the ICO goes on, there is fraud everywhere, laziness in analyzing is someone's fault, no one can be blamed in this case every people must find fault with themselves, regretted that the more fraud is everywhere, then be careful in investing.

With this free market they are very free to enter and enter the scope of the market, there needs to be a law on the arrival of new ICOs for better filters which are frauds and which are good for the community.

[trade2winnn]

Because you still try to identify fraudulent or not,even the project originally was not fraudulent and was trying to implement a good idea,well then the market went into decline,and mass-correction,and you say the norms were collected,but see that it is impossible to implement the project as she wanted,that people and collects money and runs away

[george_hured]

The most important thing is that you do not know that this is a fraudulent ICO, so you begin to analyze the project and for all your checks the project does not seem bad and you are more determined to invest in it, it's obvious that this happens

[VeronD]

It's simple. Many people want easy and fast money. They are ready to invest in any projects that promise great profitability. Do not believe the promises before investing in ico, look at the development team and various ratings. So you can choose a good and promising ico and not lose your investment.

[Thanasis]

We can't remove the scammers from the crypto market until the people need to have enough knowledge about the crypto currencies and its technology,but now most of the people investing on the ICOs based on their promotion and offers and they are investing here to make money in short term but in future we need to invest on the technologies.

[Marcel666]

I doubt anyone would willingly invest in a TGE that they are aware is a scam.
Not everyone has the tools to discern which ICO is legitimate, and even with the tools, one can still fall victim.
Research effectively on any project you plan on investing in.

[Crypto24hrs]

My dear do you no that inability not to take a risk is also a risk itself? some persons have become rich by investing on ICOs while some have been robed to poverty so it is a win or loose game

[Docnaster]

I've seen a bunch of complete idiots who literally don't do any research into a project before investing. Typically the ICOs that are most successful are the ones that have a real understanding of how to market and acquire investment. Unfortunately some of these projects are also scam ICOs that end up generating a lot of investment and eventually leading to an exit scam.

Just remember the age old proverb, if it looks too good to be true, it probably is. If they are promising more than 50% returns in a year, be extremely skeptical.

[robelneo]

As far as I heard, the ICO Scam raised over $ 1 billion. Why did people invest in these ICO? Do you think this situation has changed now?

If these people know that these are scam project, they will not invest on these scams Ico, but these scammer are now very good on imitating a good project, even as old timer I am still at lost on finding a legit project, I'm just watching daily updates for any hint if the ICO is legit or a scam one.

[santino11]

BEcause people who invested in those ICO didn't know that it was a fraud.
maybe the offer was good and the project is promising.
this will be a good attraction to investors and investors are not aware of the scam they are planting.

[tee-rex]

As far as I heard, the ICO Scam raised over $ 1 billion. Why did people invest in these ICO? Do you think this situation has changed now?

Yes, I think that the situation has changed already. People no longer believe in that thing called ICO, at least not en masse. If first ICO's were highly successful, these days it is no longer the case. There's a saying, something like  "once bitten twice shy", so those who have lost their money in fraudulent schemes now know better than in ivest in shady enterprises.

On the other hand, there will always be gullible people or just excessively greedy ones as it has been for hundreds of years already since time immemorial.

[gigusico]

such projects practically do not differ from usual ones ico and therefore it is difficult to say whether I invested in a fraudulent project

[redsun114]

As far as I heard, the ICO Scam raised over $ 1 billion. Why did people invest in these ICO? Do you think this situation has changed now?

That’s not right. No one would purposely invest their money in anything that can lead to loss in the future. And by the way, these Scam ICOs show themselves to the public as being legit and people get deceived and thereby leading to them to invest their money in it and at the end, these fake ICOs will show their real self and make away with their money. So none of us gives money to them on purpose, we are all not stupid…. It’s a scam.

[tee-rex]

As far as I heard, the ICO Scam raised over $ 1 billion. Why did people invest in these ICO? Do you think this situation has changed now?

That’s not right. No one would purposely invest their money in anything that can lead to loss in the future. And by the way, these Scam ICOs show themselves to the public as being legit and people get deceived and thereby leading to them to invest their money in it and at the end, these fake ICOs will show their real self and make away with their money. So none of us gives money to them on purpose, we are all not stupid…. It’s a scam.

This is not the only option. About a decade or so ago, when the Internet had become widespread but there were no cryptocurrencies yet, the Web was infested with HYIP programs (just another name for an online scam and Internet fraud). And what d'ya think, people were bringing money there too. Were they not aware that those weren't real businesses and couldn't possibly pay so high returns? I assure you most of them were completely aware of that. So what was their primary motive if they knew they could easily lose money there? It was greed, obviously, while their hopes were based on the fact that these fraudsters actually paid some monies to the first participants. Folks of this kind hope to be the first and then quickly disinvest just in time before the whole shebang shuts down.

[quick_success]

In the first stages it is impossible to understand about ISO - it is fraudulent or not fraudulent. Therefore, investors make mistakes. But if you invest a lot of ICO, the risk of errors decreases.

[Vladique]

Now there are a lot of ICO on the market and it's very difficult to find a project among them. Also, many people find it very difficult to understand the project, so so many people put their money into the scam