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Author Topic: A simple search could save lot of money from ICO scammers  (Read 526 times)
BuyBuyBitcoin
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March 04, 2019, 10:48:47 PM
 #21

Or just don't invest in ICO's for a decade or two  Roll Eyes

They aren't investment opportunities as much as scammers want people to believe they are. Until there is some regulation on the ownership of companies like and shareholders rights through ICO's (their aren't any currently), these it is best to stay away from.

Some pretend it's an unregulated stock market, which allows for partial ownership of a company. Initial Coin Offers are just non-refundable, zero ownership rights tokens to represent something a "team" plans to build. Whether they build anything or even have a good idea are vague at best with most of these.

It's a great way for people who can't raise money through IPO's, banks or venture capital to pretend they will start something and basically steal people's bitcoin.

Avoiding ICO's and Shitcoins | Finding where people can Buy Bitcoin Around the World.
hatshepsut93
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September 06, 2019, 07:22:39 AM
 #22

Up for newcomers.

At this point people should consider all ICO's as scams - they have been such for a long time already, and at this point even newbies realize that. They start to resemble hyips in many ways, investors know that it's a scam, and still they invest because they hope that they can sell before the project goes bust, just like with ponzi schemes. But this is a bad idea, because the only winners are the scammers who print coins out of thin air.
Lauren Smith
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September 12, 2019, 09:38:31 PM
 #23

Or just don't invest in ICO's for a decade or two  Roll Eyes

They aren't investment opportunities as much as scammers want people to believe they are. Until there is some regulation on the ownership of companies like and shareholders rights through ICO's (their aren't any currently), these it is best to stay away from.

Some pretend it's an unregulated stock market, which allows for partial ownership of a company. Initial Coin Offers are just non-refundable, zero ownership rights tokens to represent something a "team" plans to build. Whether they build anything or even have a good idea are vague at best with most of these.

It's a great way for people who can't raise money through IPO's, banks or venture capital to pretend they will start something and basically steal people's bitcoin.

This is true most of the time. YOu cannot blame ICO though. You can blame people for being so stupid they can't google before investing. It is alwyas like they do not like their money or did not work ver yhard for it or something. How many hours of work do they put in to make that money and they cannot even take a minute to google something. No sorry I feel nothing for these people. An ICO is still a great way to raise money for things and if the company does carry on like it should your tokens will carry value if it's shit then the company will die or even never exist. This is why you should only invest in an ICO you can see progress with and they have something to show for it or at least they are trying. Copy paste ICO are not worth wasting time on.

Onuohakk
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September 28, 2019, 08:21:16 PM
 #24

Or just don't invest in ICO's for a decade or two  Roll Eyes

They aren't investment opportunities as much as scammers want people to believe they are. Until there is some regulation on the ownership of companies like and shareholders rights through ICO's (their aren't any currently), these it is best to stay away from.

Some pretend it's an unregulated stock market, which allows for partial ownership of a company. Initial Coin Offers are just non-refundable, zero ownership rights tokens to represent something a "team" plans to build. Whether they build anything or even have a good idea are vague at best with most of these.

It's a great way for people who can't raise money through IPO's, banks or venture capital to pretend they will start something and basically steal people's bitcoin.

This is true most of the time. YOu cannot blame ICO though. You can blame people for being so stupid they can't google before investing. It is alwyas like they do not like their money or did not work ver yhard for it or something. How many hours of work do they put in to make that money and they cannot even take a minute to google something. No sorry I feel nothing for these people. An ICO is still a great way to raise money for things and if the company does carry on like it should your tokens will carry value if it's shit then the company will die or even never exist. This is why you should only invest in an ICO you can see progress with and they have something to show for it or at least they are trying. Copy paste ICO are not worth wasting time on.
What are you trying to say? Just because someone falls victim of scam, doesn't make him or her stupid. Some legit ICO's ends up becoming scam at the end. Not everyone has the idea to google a project first before investing.

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