Why do people believe and invest in fraudulent ICO?

[PanGiMoon]

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?

Because people are always looking for a freebie, and ICO until recently gave very easy money and people could not stop in the pursuit of profit, now realized that the topic is unprofitable

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[megaplage]

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?

People believe in the idea of the project and that he wants to achieve something, but not in a fraudulent project. I knew he would, it is a fraudulent project, would never in my life will not suffer them your money.

[Khiceog]

You probably have not seen the quality of projects from scammers. Sometimes it is a head better than the real projects. And you're talking about how and why people go in there... Look, and then you talk.

[florac9]

No one would like to lose when investing but lack of understand and doing some researches that's why many blindly invested in projects that turns scam,sometimes when you are in too hurry to make money it might leads to losing

[flemmings02]

Lack of proper research, most people do not conduct any research about the project, team and whitepaper they just invest in whatever ICOs they come across and think it will bring gain.

[boller]

There are still many people who easily experience fraud in ICO. While this continues to be sustainable it will be reasonable when ICO is seen as something bad and led many projects to fail. When want to do research on early before entering on the ICO could for this certainly avoided but unfortunately many have done wrong or not right in choosing.

[siupang2]

Well not all investor have knowledge about this world (crypto world) they just came for easy money. They still think if we join an ICO we will get a lot of money from it but in the reality is most of ICO now are scam only few that legit but still unknown by others.

[DeltaX]

Lack of proper research, most people do not conduct any research about the project, team and whitepaper they just invest in whatever ICOs they come across and think it will bring gain.

Definitely, also there's some people that are dumb enough to believe strangers they just met so that could be counted as stupidity.
However if people who lacks research know that the ICO is fraudulent they wont invest there, it's all about gaining information.

[jakagintiri]

Well not all investor have knowledge about this world (crypto world) they just came for easy money. They still think if we join an ICO we will get a lot of money from it but in the reality is most of ICO now are scam only few that legit but still unknown by others.

Yes, it's true, this year's ICO really made investors dizzy, because so many ICOs were born this year. It is not easy to select a legitimate ICO. Because there are a lot of ICO who cheat investors this year, hopefully next year there will be strict regulations to crack down on fraudulent ICO.

[SaRmY]

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?

Why people invested. Because they wanted to earn. We considered the project interesting and invested money in it. Yes, the scammers need to do something. Difficult situation.

[killat]

People are usually too naive and believe beautiful stories behind nonsense projects. (Ex: Bitconect, OneCoin etc).

Even after the project shut down, the coins were still worth a few dollars for quite a while, and now even though they aren't listed on any exchanges, the value seems to be stuck at few cents, but in actuality completely worthless.

I think in 2018, we're going to see quite a few shitcoins go to zero. Especially after SEC brought down the hammer on ICOs

[debby070]

If they know that the ICO is scam, they've wouldn't invest at the first place. That's quite simple, also without the proper research, investors are mainly investing in fraudulent ICO's, its really advisable to study first if we are an investor, or have someone who is expert to tell us in what project is good to invest.

[panjay]

huh? I'm not sure about a scam that raises 1B$..what ico again?

but sure people invest in scam like bitconnect. People see other people that they know got profit by invest in this kind of scam (bitconnect), they see a real profit, they just turn greedy.

[coin-investor]

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 they knew that these are scam sites, they will not invest on this kind of ICO's but unfortunately, they are good at imitating good ICO and so these scammers have been able to perpetuate their scheme or plan, but now investors are wiser now.

[sempak]

The factor of education that is lacking in my opinion is that there are still many people who are still investing in ico and this should be changed. that now there are so many ico that are declining

[atjiat]

The factor of education that is lacking in my opinion is that there are still many people who are still investing in ico and this should be changed. that now there are so many ico that are declining

For the cryptocurrency market, the scope of activity of ico companies is very important, because it is precisely because of this that new projects can develop. On the ico market, companies need to be controlled in order to reduce the percentage of fraud.

[karsy]

The situation has changed in this year. I think that investors became more careful. As for me, I stopped investing in ICOs at this spring, the last one was XYO. I have small profit there. It is better to buy tokens after listing on exchanges.

[senin]

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?

ICO fraudulent projects do not indicate that they are fraudulent. They assure the prospects of their ICO project, the documents are drawn up very well, investors do not have the opportunity to verify the sincerity of their intentions, no one, as a rule, has the opportunity to check the ICO team and therefore many investors have nothing to do but trust them. ICO activity is carried out through the Internet, no one sees the team itself. This is a good opportunity for fraud.

[shoupengyangguang]

For ordinary traders, it is difficult to find a 100% real ICO project. I think most people's investments are more like speculation. This also makes it easy for ICO fraudsters to raise funds.

[vennz17]

of course because the person is not careful in determining the ICO. people are currently following the ICO because they expect big profits from there. if I have assets, it is better to buy altcoins / tokens that are already listed in the market and have cheap prices at this time. because it could be the price will increase at the end of the year.