Why Are There Many Projects Like This?

[Godday]

The new billion coin? that's funny, the first "the billion coin" is a ponzi scam so this is now the new scam?

This is why many are being caught by these scams because their type of market strategy is for greedy people, the get rich quick scheme is the weakness of newbies.

Don't put your money with this scam.

at this time the fraud was quite a lot, and still hanging around. so indeed we must be careful in releasing the money we have. because not everything is safe. Moreover, more and more here the market is always a lot of interest and it is also sometimes that many take advantage of the situation by committing a crime.

[MasterCATZ]

Such projects are designed for beginners who do not understand the ICO, but who have the desire to get rich quickly, but if you dig deeper everything becomes clear about the project and its fake team.

[rodel caling]

Such projects are designed for beginners who do not understand the ICO, but who have the desire to get rich quickly, but if you dig deeper everything becomes clear about the project and its fake team.

Yeah that's the reason some people getting scam because they want to get fast rich and the result is victim of the greedy people behind the fake project.

[Ucy]

What TBC is the article even talking about? There was this coin called TBC  back then, that was not listed on any exchange. The coin is not even a cryptocurrency... it is even worse than some  top centralized "cryptocurrencies" we have today. Or they probably are trying to raise funds through ICO?

Substandard/fake projects will always exist whether we like it or not. The consumers need to be protected in ways that do not violate the crypto ideals.

[skiorf]

I've been going through some of the latest ICOs and found too much hype but little substance. The worst are those like this and I wonder why there are people in the community doing this...https://cryptoinfowatch.com/the-new-billion-coin-who-wants-to-be-a-billionaire/

For me, i better avoid this kind of project. Something that saying something too much for can sometimes became a trap. Choosing the more realistic scheme on a project would be a lot safer to make an investment on.

[puremage111]

Because everyone wanna get some quick fund from the market
I mean crypto and blockchain is a brand new stuff and its kinda a good thing to expose and explore

However, due to the nature of human - Greed
It allows much of the similar project/crypto to drain money from investors
Because most investors don't do proper research and analysis
Hence, they are like leech who leech off money from the community

[maculeth]

an easy way to stop the scammers is to stop funding support for the ico so that they don't run, and other ico will also think twice about making the ico project.

[meanwords]

New ICOs are basically free cash. Since it is not heavily regulated, those scams could just get away with it without getting caught. Just looked what happened last year. Most of ICOs are either dead by now or scams. It's sad that there's no way to stop them because this is a free forum.

[libert19]

Projects like this are meant to scam the gullible and greedy who the scam will be starring at them in the face, but they'll never see it for what it is. I know someone who's heavily vested in TBC and all efforts to convince him it's a scam has proved abortive. In this crypto space, people will continue to get scammed and it's not about to stop

True. If one learns then there will be another newbie who will fall for the same, seems like a continued cycle.

[St4yInTh3D4rk]

You don't know why? Money is their motivation but the don't have enough product to make that money so they are creating hype and make buzz about them to create investors and steal their money for useless tokens created for some bucks.So don't invest on ICOs for now until you can know that it is capable of making some real use in this world.

[debby070]

I've been going through some of the latest ICOs and found too much hype but little substance. The worst are those like this and I wonder why there are people in the community doing this...https://cryptoinfowatch.com/the-new-billion-coin-who-wants-to-be-a-billionaire/

Would you please explain the details here directly on bitcoin talk forum? Maybe it would be great to read and talk here but giving out reference is good also. Anyways, ICO ratings are already established paid community.

[Metall303]

You don't know why? Money is their motivation but the don't have enough product to make that money so they are creating hype and make buzz about them to create investors and steal their money for useless tokens created for some bucks.So don't invest on ICOs for now until you can know that it is capable of making some real use in this world.

In this case, in the current market it is impossible to invest in any project, because now practically there is no projects which have a real product and real application in the modern world. therefore, it is very difficult to choose a project. just need to choose a good idea and team and calculate your risks

[ronwewee]

These are just due to greedy people and scammers that want to cash in on the rise of ico trend that is why thorough analysis of each ico is very important before investing into an ico, if you see anything bad simply do not invest and move on.

Well, basically, Market analysis is not difficult to understand if you are willing to put your time and effort to it, risk a little bit for trading practice in order to learn to understand the market and its condition.

[pawanjain]

Don't you know that most of the ICOs from 2017-2018 were scam and it is now to identify a scam ICO. As you said that one of criteria for the ICO to be identified as a scam would be that it would not have much of valuable information in it's website and thread. Despite this there are many who still invests in such ICOs and get scammed. I have personally left investing in any ICO. Even if it is a genuine one I tend to buy the tokens only when the tokens is listed on an exchange.

[burky156]

I think this kind of unpleasant problems will continue and will not end soon. Every new day i see another scam website and they stealing our money.. The scammers are really good talented persons and they are very smart and hardworking. But i don't understand why they are scamming us? If they work with their honour they would earn lots of money too.. So why would they choose the bad ways? Do they feel anything when they steal from innocent people? How can they sleep at nights?

[chichidori]

ICO are money grabbers a lot of them are a copy paste of a well known code and most of them will just drop the project if they fail to make some improvement, scammers do it for the money because they know its easy to set up, ETH smart contract make that possible with a little knowledge of coding your all set to make your own ICO.

[St4yInTh3D4rk]

You don't know why? Money is their motivation but the don't have enough product to make that money so they are creating hype and make buzz about them to create investors and steal their money for useless tokens created for some bucks.So don't invest on ICOs for now until you can know that it is capable of making some real use in this world.

In this case, in the current market it is impossible to invest in any project, because now practically there is no projects which have a real product and real application in the modern world. therefore, it is very difficult to choose a project. just need to choose a good idea and team and calculate your risks

Even the best of all will struggle and some of the shitcoins also can make millions in minutes just because of their advertisement strategy they will spend lot of money to make that their project is worth to invest so people will go back to back like a sheep so investing is not a bad idea if it is long term goal project.

[Flezy]

Some or rather majority are out to scam investors, they have no real use case only hype and in the end they end up being a pump and dump coin. When reading the whitepaper, you hardly find something that makes the Project Unique.

[kingpin4321]

One way I observe in detecting a scam or fraud initial coin offering
Is that when the project offers some mouth watering unrealistic objectives icos that does this most often end up to be a fraud

[jvdp]

One way I observe in detecting a scam or fraud initial coin offering
Is that when the project offers some mouth watering unrealistic objectives icos that does this most often end up to be a fraud

It is your observation in crypto platform because we are not believe all the projects so be careful ourself is the best way to accumulate these things. Some fraudulent ICOs are available in the market but can reach the proper way surely we will find the right direction. So we must improve the skills in the crypto platform.