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Author Topic: Why do people believe and invest in fraudulent ICO?  (Read 3298 times)
Lexurdania
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December 08, 2018, 01:35:39 AM
 #161

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 get scammed because they not doing a research first before making investment. I am believe if they make research, they can not being scammed. I dont think right now situation change because there is no regulation about ICOs and scam ICOs can happen again

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December 08, 2018, 03:02:52 AM
 #162

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 get scammed because they not doing a research first before making investment. I am believe if they make research, they can not being scammed. I dont think right now situation change because there is no regulation about ICOs and scam ICOs can happen again
That's what often happens, people may be tempted by the project or the bonus they get. You are right, people who want to invest should certainly examine the entire ICO project. In order to avoid further fraud in the future.
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December 08, 2018, 03:38:43 AM
 #163

I believe that is because they don't know that the project they invest on is a scam, or in another word they believe that the project is legit so they end up making an investment in that project.

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December 08, 2018, 04:25:51 AM
 #164

Most probably the investors that put their fund in that Fraud ICO is because they got tricked, and perhaps it came from new investors who still doesn't really understand how the cryptocurrency work, and still don't have enough experienced to filter any good or bad project.
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December 08, 2018, 04:31:47 AM
 #165

If they could predict or know the ICO a scam then there certainly will not be investing in it. It could be that they invest in ICO scam because it is very similar to the original ICO and could thus not doing research on the ICO that they wish to follow. If it can do the research well certainly it is most likely a scam could have been avoided.

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December 08, 2018, 06:13:50 AM
 #166

The number of people investing in ICO should be very small now, and the cryptocurrency market has entered a cold winter. I think most of the people who invested in ICO before because of the miracle created by ICO in 2017, the basic investment in 2017 has made a lot of money. But the market became bad in 2018. All many new investors are easy to be cheated.

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December 08, 2018, 07:15:47 AM
 #167

Because scammed people don't know it's a scam ICO, they don't have enough information, don't make their own research, or the scam ICO is just too smart to lie investors that they are real and good project.

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December 08, 2018, 08:37:07 AM
 #168

Such investors are all newcomers, and they fantasize about getting rich overnight. Because they know too little about cryptocurrencies. Being cheated is normal, and there are a lot of scammers here. So now ICO is usually a novice.

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December 08, 2018, 09:18:25 AM
 #169

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 want quick results without thinking about the risk of what happens later.
usually this happens to beginners
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December 08, 2018, 09:33:20 AM
 #170

I believe that is because they don't know that the project they invest on is a scam, or in another word they believe that the project is legit so they end up making an investment in that project.

Currently many people invest in ICO projects without reading much information about the project, few people read their whitepaper. There are people who only listen to the advice of others but do not know the purpose of the project they invest
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December 08, 2018, 09:37:48 AM
 #171

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 this current time when the bearish market still not come to an end, the Token sale of every ICO project cannot reach soft cap or hard cap due to the loss of the trust about future of ICO project. So that I think 2019, ICO will die if the market not recover.


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December 08, 2018, 10:52:09 AM
 #172

in my opinion, no one knows in advance what will happen to the project in the future and certainly fraudsters whether it is so much to lose, and scammers earn on it.

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December 08, 2018, 11:02:41 AM
 #173

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 this current time when the bearish market still not come to an end, the Token sale of every ICO project cannot reach soft cap or hard cap due to the loss of the trust about future of ICO project. So that I think 2019, ICO will die if the market not recover.
The fact is that today, not only because of the large number of fraudsters in the company's ico market, but also because of the poor state of the cryptocurrency market, many investors left to buy coins on the stock exchange, and not during the company ico. This also adversely affects the development of new projects.
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December 08, 2018, 11:11:02 AM
 #174

They only know that when you invest to ICO, after the crowd sale, their money will multiply.

And this mindset has been spread and misunderstood by the new investors. They saw success to the early investors so they trusted it.

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December 09, 2018, 10:31:58 AM
 #175

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?

We can not be sure that the ICO is true. He may have a good team and a good plan, but it can turn into a fake every second. This is something similar to the extraction of minerals.
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December 09, 2018, 11:14:53 AM
 #176

All the peoples are normal human being so they don't know how the future market will move.  But investors are must research the potential of project, This year many projects are failed and most of the altcoins are died so peoples are panic in ICO participation. My suggestion is you are check the softcap and hardcop, once it will reach softcap it will make good profit.

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December 09, 2018, 12:23:53 PM
 #177

Most people still invest in ICOs because of the high returns some people made from ICO investment in 2017 but unfortunately ICO investments is no more profitable because their prices fall drastically when they get to the market
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December 09, 2018, 01:27:51 PM
 #178

They are still investing in the ICO project, of course, because it still makes a profit. But many people are not responsible for their work such as running an ICO project. Hopefully, all those who invest will certainly not want to get a fraud project. I think this cheat project is very difficult to detect. But these investors or bounty hunters have no intention of promoting fraudulent projects.

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December 09, 2018, 02:18:28 PM
 #179

Because scammed people don't know it's a scam ICO, they don't have enough information, don't make their own research, or the scam ICO is just too smart to lie investors that they are real and good project.
I agree that it is always mainly the fault of investors. because they do not do project analysis. but now people have become smarter.

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December 09, 2018, 05:15:45 PM
 #180

People invests because of a promise of a great return. But that is not always the case  nor the outcome. People invests because of a great project, but this is a long term projection. Along the way a project may halt and  you lose again. A promised to gain more profit always entice an uninformed investor, its good to always read fro other sources and weight in some options.

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