ALL Initial Coin Offerings are Trash

[prasad87]

I have already used 3 ICO-funded products, in addition to making decent $ from ICO-s.
Being bad at research is OP-s fault, not the fault of hard-working ICO-ers who accomplish things.
Of course, scammers should be called out, but generalizing is always silly and unproductive, not to mention - wrong.

[1714986739]

1714986739

[edmundo]

I wouldn't go as far as saying all ICOs are trash. There are a few out there worth looking at... However, I get your point, so many projects out there are giving the ICO space a bad name with their shitty and laughable projects designed with the sole purpose of defrauding innocent investors. They offer absolutely nothing and have poor developments and roadmaps making it extremely difficult for people to look pass the flaws. This has not only led to sad tales, it has meant that the public has lost faith in any ICO and hence, label them as trash.

[aryaadikariyansyahsuwarto]

That's right, from the middle of last year some ICOs that I have participated in made me frussive, some were not paid, the manager had no news, even they deliberately did it with no deterrence. So that is my decision for now that I am riatus towards the upcoming ICO.

[Jating]

Maybe there is a small percentage of ICO that really do have some real usage in life. But I would agree that the market has been overrun by scammers since the boom in 2017.

It's just so easy for those criminals to create a project, but a eye catching title to it, copy someone's whitepaper and then get photo online. But this community as of late has contributed a lot of calling fake and scammy projects from the very beginning, so at least they could be stop before they can collect funds from unsuspecting victims.

[lornadane]

The bitter part is, yes, 80% of ICOs are a scam! Some ICO scammed after a successful sale, some scammed after a few months, but overall 80-90% of ICOs are a scam! But still, some percentages of ICOs are good and they will live. Personally, I will not invest in an ICO, rather I like to invest now in a regulated STO! Because from 2018 to now, most of the ICOs are a scam, they are total trash!

[carrigan]

If you are the person who believe in crypto technology for future investment, you will not say that thing. You may think that all ICOs are trash. But the fact, you cannot see the deep meaning of ICO. It is not only for today market, but the good technology if the ICO will be very valuable for the future. This is what you cannot thing, you may only think the recent price and market occurrence, not for future investment.

[bangjoe]

even more than 80%, there are only a few that really give good coin investors in exchange for their money and the rest are fraudsters who just want to earn money quickly by using the name crypto and blockchain then dirtying it and leaving just like that
and people like that make ICO even more doubtful

[trofim21]

Yes, but I think that this is only for the best, since if the coins were immediately transferred to large exchanges, it would be bad for coins that were first placed on the exchange, everything should happen gradually

[GymClassHeroes]

It may not be an absolute truth that all ICOs are scams (given the facts that most are).There may be some projects that deserve public funding.It should be noted that things were invariably going to fail under a stiff and long bear market

[dabenko]

Some projects have made free offers in the past in form of airdrops and they never sold anything before lunching on exchange,
They did the funding by themselves, since the inception of the project. I just feel that such can continue happening.
Some projects are now trying to get the backings of law in order to gain more trust and recognition.

[mailklue]

not all ICO coins are rubbish, Ethereum is one of the most successful ICO coins, I agree now that many ICO coins that only aim to get funds from investors are no longer the development of blockchain technology, but that does not mean that all ICOs are fraud, now we must analyze before investing into in the ICO project regarding Roadmap and whitepapper.

[vgk88]

I do not agree with you. Every day more and more interesting and promising appear. In the current market, even old coins are falling dramatically in price. It is even harder for a young project to resist a bear market, but I think young and high-quality projects have a good future.

[indobitcoin.tk]

No ICO where can give good results for one year and then up to this time. When many that provide ICO trash then I say it is natural because it is old doesn't feel satisfactory results. But even though it is currently in the form of trash but the ICO will still be able to deliver the results among the many existing ones. just wait and not just in waiting for this thing to be able to ride.

[Pffrt]

Not all ICOs are trash. I recently have seen VENA which is really a good one in my eyes because they already started with their project and as far as I have tested, I like the whole system. They have now working products which may be popular in the near future.

[EdenHazard]

It can be taught, many people don't get the profit they wanted through ICO, even most of them only get fraud because they choose ICOs scam. This is always a problem at the ICO, there is no reliable party to determine legitimate ICO and ICO scam. Every investor can only determine himself in a simple way, maybe in the future there needs to be supervision for the ICO so that everyone can target the profit he wants or at least when the ICO fails to launch, then the money they spend can return intact.

[libert19]

Last year's market also played it's role in 'ICO Scams' people used to buy anything to everything in hope of making profit.

[telexnetwork]

There's a lot of posts in this section "ICOs will come back", "Some ICOs are scams", "Should I do ICOs". These all contain the implication that Initial Coin Offerings are fine and dandy.

What type of information do you need to know that Initial Coin Offerings are trash the majority of the time? 80% of ICOs in 2017 were scams. To put that into respective, that's 4 out of every 5. The odds are terrible. Going by the rules of probability, you're going to be apart of the four of five. Why wouldn't you be?

The ideas I've seen with Initial Coin Offerings are just as bad. Why do these companies need $80 million in the first place? Let's be realistic, most things don't need to be on the blockchain. Satoshi didn't need to do an Initial Coin Offering to make Bitcoin into a bustling success. He started off putting in his own money. What do ICOs actually have to bring to the table?

The people that are making these threads with a positive implication are probably apart of the scams, or they're risking their money with the odds stacked entirely against them.

It's possible to have original ideas offered for free. Bitcoin, Ethereum, Litecoin. Some people are simply blinded by their greed and short-term to try speculate on the worthless. No wonder bubbles are so rampant within this ecosystem.

Resources:

https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams

Some member here will agree and some may not, but me I am 100% agree with your thought i happen to be victim of many scam ico project until recent iwake up from my slumber why will a developer requesting  50-60 millón to develop an app and and at the end the story we had is there are hacked I am talking of a project that claim they want to handle public fund and cannot secure it’s own wallet , in my conclusion many ico developers will be jailed very very soon.
Very soon I will published some of scam ico that are still parable to be legit but there not.

[bering]

When number of scam ICO increasing then automatically people will says bad things for crypto even most of them will blamed cryptocurrency when they got scam and the percentages of scam ICO's will still high in this year because when large of money involved then so many people will be greedy and want to take an advantages from the popularity of ICO's however i believe the current statistic for scam ICO's more than 80%

[Caladonian]

When number of scam ICO increasing then automatically people will says bad things for crypto even most of them will blamed cryptocurrency when they got scam and the percentages of scam ICO's will still high in this year because when large of money involved then so many people will be greedy and want to take an advantages from the popularity of ICO's however i believe the current statistic for scam ICO's more than 80%

The problem with that, newbies and spectators will gained bad impressions to this market, instead of pushing forward and start investing they will doubt
the potentials because of this bad things that they've seen around, this scambugs will continue to grow as they seen easy and quick process to gain money, no doubt that there's still risky people who still take ico's as an investment.

[prororo]

jajaja, that's not true at all, don't you see ADA ETH and WAVES too? Is the coin rubbish? of course not, not all ICO are trash .
It's not all about ICO it's about projects if the project is good then the coin will be loved and will be one of the best coins