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Author Topic: Why do people believe and invest in fraudulent ICO?  (Read 3299 times)
Evushko
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January 03, 2019, 04:34:52 PM
 #241

Yes, because people do not always understand fraudsters or not, and there is also a chance that he will go and everything will be fine!

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January 03, 2019, 05:25:42 PM
 #242


because before the investors perhaps they were more imprudent and with the hope of a quick gain they did not do enough searches / controls on the icos, but with the bear market the investors are much more careful and they think twice before investing
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January 03, 2019, 06:26:58 PM
 #243

I do not think that people who believe in crypto currencies and invest a lot of time in this industry and contributing to the scam projects. Be careful and research each project before taking part in it and everything will be great.
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January 03, 2019, 06:37:31 PM
 #244

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?
I also wonder what is the project which has collected so much money , but I can say that there are projects that are well organized and the team is open but anyway the project is cast and not doing anything that most of the projects does

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January 03, 2019, 06:40:25 PM
 #245

Obviously, they invest because they don't think it's fraudulent.
No one will invest in something if they know its a fraud.

They don't think it is a scam for many reasons.
I would say the main reason is because people are greedy and lazy.
They hear the hype and fomo and don't think things through.
So they end up making hasty decisions without doing due dilligence.
I would say that any reasonable person who does their fact checking and research can easily avoid scams.

On another note, where did you get the 1 Billion number?
It sounds made up.  In investing, it is not wise to base your trading decisions on made up numbers.

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January 03, 2019, 06:46:50 PM
 #246

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?
I also wonder what is the project which has collected so much money , but I can say that there are projects that are well organized and the team is open but anyway the project is cast and not doing anything that most of the projects does
Today, by chance, today we can give a lot of examples of such projects, where everything was open and any information was available. I even analyzed the information and studied all the team names of certain companies, anyway, many users and investors could not avoid fraud.
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January 03, 2019, 06:54:54 PM
 #247

Nowadays people have become more aware of the scams in the ico space even though we still have a partial pump in that space. However, most people were not really interested in the problems ICOs were looking to solve, they were scammed because they only wanted to flip their investments.

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January 03, 2019, 07:04:36 PM
 #248

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?
not all ico do cheating, lots of ico that give big profits to investors , it all depends on our skills , investing in our ico must be really careful because investing in ico is very risky, my advice if you don't have skills in ico don't invest in ico

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January 03, 2019, 07:35:59 PM
 #249

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.

The easiest way to deceive a person is to promise him a good salary. People in the pursuit of large profits lose all caution and are ready to invest in the most risky projects.
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January 03, 2019, 07:51:53 PM
 #250

They want to get a quick profit but do not study projects and do not have investment experience. That is why only accredited investors can invest in the USA and China.
sergeykravchenko1959
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January 03, 2019, 08:01:10 PM
 #251

The sphere of cryptocurrency attracts people with its opportunity to get a good profit in a short time. Investing in ICO projects is an opportunity to multiply your investments. But wherever there is a big profit there is a big risk of losing your money. Therefore, you need to carefully study the projects in which you are going to invest.
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January 03, 2019, 11:03:35 PM
 #252

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?
The rate at which ICO PS are being lunched is alarming. Although, this was so numerous in 2018, but we do not yet know what will happen in 2019.
I am looking forward to the time that the ICOs lunched in the crypto space, will be free of scam and investors will have the trust to invest
We are yet to say if they have reduced, but investors have to do their research before venturing into any investment.
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January 03, 2019, 11:56:59 PM
 #253

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?
I think that now people are more careful about the analysis of the ICO, before investing in it. But scammers have become more inventive and it is not always possible to understand until the last, whether it is a good ICO or not.

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ronwewee
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January 04, 2019, 03:05:02 AM
 #254

Basically, not all ICO's are intended to scam people. There's still a percentage of successful ICO that contributed too much in the market and the world. Still, investing in ICO is profitable but to avoid scam is difficult. I guess people believe in an ICO if they studied it well, and they are familiar with its project plan.
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January 04, 2019, 03:28:48 AM
 #255

Maybe because many are not careful in determining ICO projects so they are trapped in fake ICO projects. All people certainly don't want to invest in fraudulent ICOs and now they are also good at cheating everyone. And at least we have done research to avoid fake projects.
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January 04, 2019, 04:35:43 AM
 #256

Because they still believe on it and they also have believe that ICO investing will make them rich and iam also invest on it and i really scam to the point the roadmap or a plan for the project is true.
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January 06, 2019, 09:44:42 AM
 #257

I think quick gains and moon/lambo is what brought us here in the first place. Hype catched many of the noobs, it will be a constant cycle of noobs getting burned.
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January 06, 2019, 11:33:16 AM
 #258

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 today are more aware of the scam ICO's and I believe they will not going to support one. We just need to be open and tell everyone if we noticed some fraudulent ICO's.

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January 06, 2019, 11:38:16 AM
 #259

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 they do not know that that ICO will turn into scam  Grin. Simple.
I will offer your invest into my ICO and at first I will say that it is a pure scam, will you invest? Ofcourse that you won´t.

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January 06, 2019, 12:09:53 PM
 #260

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?

Investors do not normally know that the ICO they are investing are scams. If they do they would not have invested in those ICOs. In fairness, scam ICOs are getting sophisticated in presenting their project so people will believe in them. I think it is important that investors will become wiser this year so that people will go back in believing in cryptos.

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