b1boy (OP)
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July 05, 2019, 03:40:44 PM |
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i just employing everyone to be very vigilant out there and make sure you make research well because now not only investors are getting scammed, in the past month a couple of projects claims to be scammed by some exchange too
ICO was new and fresh when I first found out about Crypto currency and everybody was profiting from ico while enjoying both bounty and airdrops as an afterthought, yet that didn't keep going for a really long time and I see a great deal of newbies making their money by deduction each ICO was great at that point. What's more, the vast majority settle on choices out of greediness and they Allow greed push them into terrible ICO ventures where they loss money. And now some people new to the crypto currency world are committing a similar error with IEOs.
IEOs are the hot stuff of 2019 crypto world , where a portion of the top exchanges have demonstrated to have very good launchpads, other trick exchanges are now having IEOs and the two undertakings and speculators are in danger of losing their money.
Research is more significant now than any time in recent memory, ensure you Research the project you are investing and also the exchange which they are selling on very well before moving on to actually invest
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Upgrade00
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Professional Community manager
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July 05, 2019, 04:26:33 PM |
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each ICO was great at that point.
This was a period of huge FOMO and projects struggled to get in line as there was no shortage of investors at that point. Projects had successful ICOs and some did well when listed, for a while, but so many of such projects has gone to the ground, as some didn't have an actual relevant product (just multiple imitations). Investors are always charged to be careful when considering new projects and up starts. And try to keep majority of your investments in top currencies (by market cap).
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rosezionjohn
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July 05, 2019, 05:08:26 PM |
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I read of that exchange that has been faking the volume for their IEOs. It's interesting to note also that those projects who previously held their token sale there agreed to such terms. I think that also tells a lot about their desperation.
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bitmover
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bitcoindata.science
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July 05, 2019, 05:11:15 PM |
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Exchange market is highly competitive. There are many good exchanges out there, and reliable ones, such as binance, kraken bitstamp coinbase...
I really don't see too much of a reason to invest in a new created exchange, which will be riskier for users.
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mk4
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Paldo.io 🤖
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July 05, 2019, 05:35:48 PM |
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It is very important to do your proper research before investing in any project (ICOs or IEO) but it is unfortunate that most investors just get into any project because it looks good or because analysts rank it high and they end up losing their money.
or maybe don't invest in them at all. Though the reward can definitely be high, the risk is also as high(or even higher). I mean, investing or speculating in Bitcoin or any other more reputable coins/tokens should really be risky enough. Might as well go gambling in Vegas instead, at least you can still have a good time there even if you end up losing money in the end.
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mersal
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July 05, 2019, 05:46:52 PM |
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It is very important to do your proper research before investing in any project (ICOs or IEO) but it is unfortunate that most investors just get into any project because it looks good or because analysts rank it high and they end up losing their money.
or maybe don't invest in them at all. Though the reward can definitely be high, the risk is also as high(or even higher). I mean, investing or speculating in Bitcoin or any other more reputable coins/tokens should really be risky enough. Might as well go gambling in Vegas instead, at least you can still have a good time there even if you end up losing money in the end. Greed doesn't let the people to think wisely,all they want is money and they can take the risk blindly.
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b1boy (OP)
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July 05, 2019, 06:00:15 PM |
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Exchange market is highly competitive. There are many good exchanges out there, and reliable ones, such as binance, kraken bitstamp coinbase...
I really don't see too much of a reason to invest in a new created exchange, which will be riskier for users.
Those new small exchange dont even make enough sales unlike the big exchange but most of this new Project are also greedy and wont want to make big payment to big Exchanges and would settle for less
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2legit2fork
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July 05, 2019, 06:29:33 PM |
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...
Research is more significant now than any time in recent memory, ensure you Research the project you are investing and also the exchange which they are selling on very well before moving on to actually invest
+1. Word up! Most people are greedy and their only research is "whats the avg return on new s%$tcoins?" instead of some fundamental / tech Best of luck to everybody and dyor
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hatshepsut93
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Exchange market is highly competitive. There are many good exchanges out there, and reliable ones, such as binance, kraken bitstamp coinbase...
I really don't see too much of a reason to invest in a new created exchange, which will be riskier for users.
IEO - Initial Exchange Offerings, are not crowdfundings for launching new exchanges, they are just like ICOs, but instead of developers conducting the token sale themselves, via smart-contract, a third party (exchange) conducts it on their behalf, with things like capping contributions per user, destroying unsold tokens and so on. People believe that IEO's are less likely to be scams, because exchanges care about their reputations and check the projects that they list. I personally believe that IEO's are not really different from ICO's, and in fact they are just rebranded ICO's with extra steps, and they have just about the same level of scammery. The difference that IEO scammers instead of running away with money after a few months will just fake activity, tweeting that they work hard and soon the project will moon, while their useless token goes to zero.
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bernardos
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July 07, 2019, 08:00:35 AM |
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IEO is a new concept and investors think that it is a new and revolutionary way to get them rich. Unless an IEO is hosted on one of the top 10 exchanges I would not trust that exchange or that project with my money. It is nothing more but an ICO wearing a disguise.
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pedpedped101
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July 10, 2019, 12:47:06 PM |
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Projects are now drifting towards IEO. Those that initially planned ICO are also changing their course to lunch their IEO on reputable exchanges. Aside that, scammers are also looking for the opportunities to raise funds and take to their heels, which is quite unfortunate and that is where we need to be very careful.
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Lauren Smith
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July 10, 2019, 05:06:30 PM |
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Exchange market is highly competitive. There are many good exchanges out there, and reliable ones, such as binance, kraken bitstamp coinbase...
I really don't see too much of a reason to invest in a new created exchange, which will be riskier for users.
IEO - Initial Exchange Offerings, are not crowdfundings for launching new exchanges, they are just like ICOs, but instead of developers conducting the token sale themselves, via smart-contract, a third party (exchange) conducts it on their behalf, with things like capping contributions per user, destroying unsold tokens and so on. People believe that IEO's are less likely to be scams, because exchanges care about their reputations and check the projects that they list. I personally believe that IEO's are not really different from ICO's, and in fact they are just rebranded ICO's with extra steps, and they have just about the same level of scammery. The difference that IEO scammers instead of running away with money after a few months will just fake activity, tweeting that they work hard and soon the project will moon, while their useless token goes to zero. I still think it is much better than running an ICO. Reputable exchanges will not want to work with scammers or will simply block the payments for the dev team and refund customers. I can't see a good reason why an exchange would ruin their reputation over one project. I think it is a very good idea and will curb the nonsense projects and will help bounty hunters also support reputable projects and be paid out by reputable exchanges. The other nice thing is being paid on the exchange means you can trade right away which is a massive advantage and it also means it will be listed, unlike some ICO that are never listed.
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Raymondavid47
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July 11, 2019, 10:31:16 PM |
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Truly be careful about IEO's. I know of a surety that Idax has used this means to scam some projects off their money as well as investors and users of the exchange. Stay clear off Idax. And remember don't invest what you cannot afford to loose.
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baundul
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July 12, 2019, 03:29:06 PM |
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IEO is better than ICO, it will undoubtedly have to agree. In this case, you need to choose the reputed Exchange otherwise you will loose money. All the changers other than the good changer can be tempted. The way the ICO scams here is less likely. They are bit-tread from a lot of bend. Research is more significant If, if you invest without research you will be stupid afterwards.Think and collect every single information than you go with your dream.
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olabiyijummy02
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July 13, 2019, 09:14:46 PM |
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IEOs are not entirely different from ICOs but most of the IEOs have low fundraising caps ranging between 500,000 dollars to around 3 million dollars. ICOs on the other hand mostly have very high caps which is sometimes as much as 50 million dollars. Bottom line is, IEOs have a higher chance of success as compared to ICOs but it is not guaranteed to succeed, thus you must make your own research
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hatshepsut93
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July 13, 2019, 10:18:20 PM |
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I still think it is much better than running an ICO. Reputable exchanges will not want to work with scammers or will simply block the payments for the dev team and refund customers. I can't see a good reason why an exchange would ruin their reputation over one project. I think it is a very good idea and will curb the nonsense projects and will help bounty hunters also support reputable projects and be paid out by reputable exchanges. The other nice thing is being paid on the exchange means you can trade right away which is a massive advantage and it also means it will be listed, unlike some ICO that are never listed.
Because a failed project won't ruin exchange's reputation as long as it's not a hard scam. You know how in real world majority of startups fail - well, in crypto overwhelming majority of new coins fails sooner or later, either disappearing forever or keep existing as a zombie. IEO coins are still shitcoins, devs most likely won't deliver on all promises, and no one will use those coins in real life, just like no one uses existing shitcoins.
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1miau
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Exchange market is highly competitive. There are many good exchanges out there, and reliable ones, such as binance, kraken bitstamp coinbase...
I really don't see too much of a reason to invest in a new created exchange, which will be riskier for users.
IEO - Initial Exchange Offerings, are not crowdfundings for launching new exchanges, they are just like ICOs, but instead of developers conducting the token sale themselves, via smart-contract, a third party (exchange) conducts it on their behalf, with things like capping contributions per user, destroying unsold tokens and so on. People believe that IEO's are less likely to be scams, because exchanges care about their reputations and check the projects that they list. I personally believe that IEO's are not really different from ICO's, and in fact they are just rebranded ICO's with extra steps, and they have just about the same level of scammery. The difference that IEO scammers instead of running away with money after a few months will just fake activity, tweeting that they work hard and soon the project will moon, while their useless token goes to zero. I think you are completely right here. There are quite a few people expecting that IEO is something special where the project is "approved" and they will make a big profit. The reality is much harder. After the team has raised funds the project might turn into a big nightmare. A funding on an exchange doesn't improve the skills of the team. The devs haven't even to be dishonest, it's always possible that they experience big issues when they realize that their idea is not so easy to realize how they expected. IEOs are only ensuring to weed out the blatant scams where the team is fake, involved in fraud before or other red flags which an halfways experienced person should spot easily on his own. In the German section two projects were very famous last year, Savedroid and Envion. Both collected a big amount of money. Savedroid (crypto saving app) collected over 40M $ and Envion (mining containers) collected over 100M $. Both of them failed badly, I didn't follow them closely but as far as I know Envion is close to be a scam where the founder tried to do some shady practices. At least the project is failed. Savedroid isn't a scam but the team is completely out of their mind and think they can run the company like a local kebab shop. They have made an April fool after their funding to simulate an exit scam because they thought it's a cool marketing strategy to get attention. NOT In both cases the company would have had no problems to get approved for an IEO, the team is known, the expectations are big, everything is fine for an approval by big exchanges like Binance. The issues happened after the funding and that's why IEOs often have no advantages to ICOs.
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Dingdongjl
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July 14, 2019, 05:33:17 AM |
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Everyone must be careful in terms of investing, its also like gambling but lower risk.
Theres just really investors that dont care what is the project all about and just invested because their friend or someone they know suggest it to them and in the end most of them regret and blame bitcoin.
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Upgate
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July 14, 2019, 08:55:57 AM |
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I do think IEO is the reigning stuff in cryptocurrency. The exchange rate have been given and its of the higher side to invest and make huge profit. Albeit few exchanges are not legit, they only manipulate the price by giving fake value. That's why I always invest after their fundraising after they've reached their softcap
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