WHY 99% OF ICO IS SCAM?

[profit-shooter]

Hi, lads!

There are many ICOs ongoing at present but in 2018 a lot of them is a SCAM. Why does this happen?

It will be interesting to hear your opinions.

Thanks, friends!
 

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[1714829156]

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[CryptoGamblingSites]

Is TOMBOLA's ICO mentioned as a scam ICO in your article?

They edited their whitepaper mid-ICO from an EOS project to ETH to pretend it's a blockchain project while taking investors money.

https://bitcointalk.org/index.php?topic=4691540.600

People who invested already (the ANN thread is still titled EOS) weren't offered their money back or anything. The team just changed whitepaper and pretends its the same project on a different protocol.

[profit-shooter]

Is TOMBOLA's ICO mentioned as a scam ICO in your article?

They edited their whitepaper mid-ICO from an EOS project to ETH to pretend it's a blockchain project while taking investors money.

https://bitcointalk.org/index.php?topic=4691540.600

People who invested already (the ANN thread is still titled EOS) weren't offered their money back or anything. The team just changed whitepaper and pretends its the same project on a different protocol.

Thank you for the feedback! Nope, bro, I just gave some reasons and groundings on how to distinguish between good and bad. I was not talking about any individual project. So It would be appreciated if you develop the topic and give more groundings for choosing the right investment opportunities!

[Sarastiche]

I feel submission is not true as it is not backed up with detailed facts and figure, Yes we have lots of scam ICO, BUT I feel the 99% stated is enough to discourage investors into the cryptocurrency space and also have a negative impact on real ICO project.

[rudox]

It is just wickedness on the part of mankind. They know from onset that there is nothing they have to offer and yet they will bring their crap to the ICO market where an inexperience and unsuspecting mind will be exploited. You can save yourself the scam problem by doing some due diligence finding out who are the team members, what is the product  that the project want to bring out, will the product add to the good of mankind and this concept of theirs will it be realizable?

[profit-shooter]

I feel submission is not true as it is not backed up with detailed facts and figure, Yes we have lots of scam ICO, BUT I feel the 99% stated is enough to discourage investors into the cryptocurrency space and also have a negative impact on real ICO project.

Thanks, buddy! Actually, this figure is a marketing step just to show people that investments in shitty projects are really dangerous and we should learn how to distinguish such project from the good ones. But I understood your points. And really I have seen a lot of ICOs in 2018 and at least was tracking around 40 and around 35 of them were scammed!)

[profit-shooter]

It is just wickedness on the part of mankind. They know from onset that there is nothing they have to offer and yet they will bring their crap to the ICO market where an inexperience and unsuspecting mind will be exploited. You can save yourself the scam problem by doing some due diligence finding out who are the team members, what is the product  that the project want to bring out, will the product add to the good of mankind and this concept of theirs will it be realizable?

Yes, thank you, that is a valuable point, and I fully support it!

[Ojengonggu]

in 2018 the new members of the forum on bitcointalk are very significant and plus a lot of new bounty managers who are still inexperienced in handling projects offer themselves as bounty managers and this is a great opportunity for unscrupulous actors to make scam projects and add price problems to the exchange market. that is not good

[cuongdola211092]

Because the ICO is mostly designed to attract capital. When greed, things get worse. Some legitimate ICO projects and new teams of experience can be successful

[Roberttran]

ICO is a model of capital mobilization not managed by the law. Besides, many newwbie enter the crypto market, they have no knowledge. The lead is very easy to be fooled by ICO scam projects.

[Sircoss]

Hi, lads!

There are many ICOs ongoing at present but in 2018 a lot of them is a SCAM. Why does this happen?

I have revealed several issues in the article: https://telegra.ph/WHY-99-of-ICO-is-BULLSHIT-08-21

If there are any other points, It will be interesting to hear your opinions. This is really appreciated.

Thanks, friends!
 

You should not consider all of the ICS as a scam, because can't is initiated project to steal your money while most of the ICOs is not that way. Most of them just fail to get enough money to achieve what they want.

[Keeping Up]

Hi, lads!

There are many ICOs ongoing at present but in 2018 a lot of them is a SCAM. Why does this happen?

I have revealed several issues in the article: https://telegra.ph/WHY-99-of-ICO-is-BULLSHIT-08-21

If there are any other points, It will be interesting to hear your opinions. This is really appreciated.

Thanks, friends!
 

 i do agree that a lot of ICO's nowadays are indeed SCAM....
but not 99% though...
there are more than 1% of them that are truly legit.
and i can vouch for some of those coins as i have been able to earn from them.
but nevertheless everyone must heed to what the link you have given has stated.
they are one of those best ways to protect ourselves from being scammed by those selfish individuals...

[131tc01n]

I think 99% is a big enough number to judge that all ICOs are scams, but the truth is that not all scams and percentages are not 99%.
I have seen and analyzed ICO a while ago, I see that there are many who are scam but I also see there are still many who are trusted or maybe you mean 99% ico failed, and in fact 99% ico failed, after the market price list dropped to 10 times or more

[Midas.Investments]

Because it's just a trend - it is much simpler than earn money with honest ways. And all these situations look shamefully.

[kiboloves]

This year is doomed to be a bad year for ICOs. 99% of ICOs have no real business to implement. These projects are concepts and ideas. This also leads to the disappearance of most projects due to lack of financial support in the downturn of the industry, and many people will lose a lot of money investing in these projects.

[burky156]

Not the %99 but there are many scam ICO's.. Personally i worked about 30 scam or unsuccesful project and everyday this number getting high for me. I really make researches before i join to bounty campaigns or ICO's. The high pointed ICO rewievs never helps us, it can be scam too, so we have big problem about it.. :/

[svetochka.yakovleva.93]

The crypto market is very young, for this there are no laws and restrictions - this was used by scammers. Until there will be regulation by the state to create new crypto coins - there will always be scammers!

[carrascos]

it seems to me because there is no regulation for the market and therefore this happens in the market of start-ups. when the regulation comes and everything will be fine

[VBCryp@]

In my opinion, less than 99% is phishing, which is smaller than 80% or 70%. So we should not risk investing in ICOs while they have no potential and you do not know exactly about the project.

[profit-shooter]

in 2018 the new members of the forum on bitcointalk are very significant and plus a lot of new bounty managers who are still inexperienced in handling projects offer themselves as bounty managers and this is a great opportunity for unscrupulous actors to make scam projects and add price problems to the exchange market. that is not good

yes, buddy, agree that is not good at all, and for people, it is very difficult to find a proper solutions whey you can invest, that is why this topic was created, let us help others!