Why ICO'S Scamed since last year

[michellee]

I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??

Because they want to make a bigger profit from the fund of the investor and I think they are the success to do that. Some project is run away with the money without telling about the project anymore, and they delete the telegram channel which they use to communicate and delete or leave the project. I think it will happen like this again and again and in the future, we will see this again, so we still need to be careful to choose the project.

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[chits]

The fraud at ICO is striking in its massive nature and diversity, but the bear market has reduced the number of projects to such a minimum that the fraudsters have become cramped, and investors have become more discriminating and do not believe empty promises, and conduct detailed research

[Lpim01]

The fraud at ICO is striking in its massive nature and diversity, but the bear market has reduced the number of projects to such a minimum that the fraudsters have become cramped, and investors have become more discriminating and do not believe empty promises, and conduct detailed research

It feels how frustrated they are and fraudster still looking for some ways just to scam others. Maybe that's because of the greediness of individuals who wanting to have an easy money and they'll do scamming.
From time to time, they will be minimize if we all committed to stop them and to give awareness to the community. Lets have a work together to have sustainable market.

[Dacosta Osei-Tutu]

Scammers continue to use ICO investment to scam people because of the lack of regulations within the crypto community. That is why some countries have started banning their citizens from participating in any ICO.

[Christinebeauty]

Because of the higher profits people made from crypto in 2017, the scammers attention were drawn there and started using it as a medium to steal people's money.

[Dodoymabs]

Scammers continue to use ICO investment to scam people because of the lack of regulations within the crypto community. That is why some countries have started banning their citizens from participating in any ICO.

That's one of the many factors why majority of ICO's are scammed due to the fact that it's free to make such stuff. It's really very rare to find ICO's that are good and this is probably some experience investors tend to be more vigilant.

[Anyobsss]

Because of the higher profits people made from crypto in 2017, the scammers attention were drawn there and started using it as a medium to steal people's money.

Yes, Scammers have learned that through ICO investment and the money involved in this are huge. ICO investment appear to be a pot of gold to them and their attention has been drawn there. Scamming has always been there but only last year, this scammers have become more noticeable because they are too many.

[RockDJ]

Scammers continue to use ICO investment to scam people because of the lack of regulations within the crypto community. That is why some countries have started banning their citizens from participating in any ICO.

That's one of the many factors why majority of ICO's are scammed due to the fact that it's free to make such stuff. It's really very rare to find ICO's that are good and this is probably some experience investors tend to be more vigilant.

I have never seen a really good ICO since 2018 so far, all of them are scam. I have seen a lot of ICOs have been rated well but after a while of operation, the dev team left the project and went on to set up a new project. Obviously these are scam games from ICO to steal investors' money

[TechComputer]

Its because of the downfall of bitcoin. Just imagine if bitcoin still alive and keep pumping until today, then there will be no scams.

[Congyang]

Iico scam because it is caused by Iico, many ico are cheating, cheating and incompetent so that is why investors are hesitant to invest. because 90% ico is scam and cheats

[Badhuamin]

it's true now that many ico are scammed, they only collect funds from investors then leave without any news, this is what makes many investors think twice about returning investment in ico, actually if ico is really good and there are projects in the real world, investors will interested in investing in the ico.

[James678]

People are greedy and instead of realising project, those are taking your money and getting away buying luxury things and so on.
It is hard, but you have to forget investing in ICOs

[spike420211]

Unfortunately. This happened because on any fully unformed market, fraudsters get their hands full. Gullible people, looking at the bloody success of the blockchain, were in a hurry to join the general cryptocurrency campaign, but were deceived, and more than once.

[playboy654]

I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??

I really don't know the exact reason for that why most of the projects are in scams only maybe the promoters can promote scam project in most of the time if it was reduced then we can choose the good projects only.

[FastSlots]

I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??

According to a reliable statistic, up to 85% of ICOs are fraudulent, because scam is easy, the investors themselves lack the knowledge to learn about the project themselves. Just a nice website, a bold idea, some fake photos you can trick millions of dollars.

[awawo]

Towards the end of end of 2017 the numbers of active ICO was in their hundred  and most of them are scam ICO and even ICO that does not have any working product on ground all they deed is to take investors found and run away, that continued through out 2018 and to make thing worst the market falls greatly in the year 2018 that also contributed to the discouragements of those investors who where traps in this period.

[semobo]

I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??

Year 2017,attracts many people for making quick money on crypto currency so they were turned out to be scammers because it is the only way to get rich quicker.

[miklesm]

Some ICOs just did not collect enough money for the further development because of the bad market conditions, so they did not make any product, but the most scam projects were created with the only goal - to steal money of investors.

[edisystem]

I saw since last year lot of ICO's was scammed and project not true. So this situation ICO investor's are not come to cryptocurrency market. Why that project scammed please info anyone??

Because it's so easy to make a project and an ICO, just make a similar project and pay some bounty managers to handle the ann thread, telegram group, bounty etc like amazix, bountyhive, bountysuite.

When the ICO start and some investor invest on the project, they can just run and scam.

[Kriptos]

because last year fraudsters saw a great opportunity to be able to get a lot of money easily from ICO. this is the importance of good security and selection to hold ICO projects so that in the future ICO can be trusted by investors and no such frauds again.