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Author Topic: Many ICO / altcoin scams?  (Read 1883 times)
Mighty_crypt
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September 22, 2019, 05:19:18 PM
 #21

Precaution is better than cure, yet you can still make mistakes but will be different from how newbies choose projects
1. Make sure the project have real working product or asset
2. Promote projects from well known CEO,the hardly turn scam because they aim to keep their reputation alive
3. Don't bother much with whitepaper, instead its better to spend time on the teams, try to understand what they are capable of, i mean professionalism

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distr@yopmail.com
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September 22, 2019, 05:21:14 PM
 #22

Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.

Crypto must have favour you alot to think like you do, how much have you lost? you think its that easy to lose money to scam projects? are you in support of scam projects? you should be telling people how they can protect themselves not saying they don't understand crypto, there is big difference between a failed project and a scam project
yes we do have to limit the failure of the project and the project scam. sometimes projects that have made a well-planned plan but do not get development funds and finally the team decided to stop the project we cannot categorize the project scam. because they are real and most projects like that return the money of investors who have entered and apologized.

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September 22, 2019, 05:30:32 PM
 #23

Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.


risk will always come together with reward,
thats why everyone should think about the risk on crypto investment, not only reward
and ready for the worst conditions, such as losing money, and many more
remember : always DYOR before buying


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jrrsparkles
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September 22, 2019, 05:50:12 PM
 #24

Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.

When we want the total freedom then we also need to responsible for our spending,if there is no chance for the scammers to make money then they will not survive longer so all now needed from the investors is to stop throwing their cash into all the new crypto projects,only invest if you founds its completely legit.









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MCDev
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September 22, 2019, 05:50:58 PM
 #25

Precaution is better than cure, yet you can still make mistakes but will be different from how newbies choose projects
1. Make sure the project have real working product or asset
2. Promote projects from well known CEO,the hardly turn scam because they aim to keep their reputation alive
3. Don't bother much with whitepaper, instead its better to spend time on the teams, try to understand what they are capable of, i mean professionalism
Great. These are the best ways for those who want to invest in an ICO or an IEO. I myself also love investing in IEO because it is so profitable


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September 22, 2019, 06:11:53 PM
 #26

I personally am always responsible for everything I do in the crypto market, if I face a problem about a fraudulent project then I must study harder about the project to avoid the wrong aperture ..
and if I benefit from this project, then I will be more excited to seek broad insights that I don't know yet.
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September 23, 2019, 05:58:11 AM
 #27

It's true, there are many ICO projects that end up as a scams. You can avoid these scam projects by doing some research before investment. Visit some trusted sites check their web-score and analysis. This will surely help you to avoid scam projects.
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September 23, 2019, 06:18:45 AM
 #28

many people who want to create such an ecosystem, and among them, quite a lot of scammers. we certainly need to choose several projects that are considered to have great potential, and also a professional and clear team. since I went into cryptocurrency, there have been quite a number of scam projects I've seen and quite a few good projects. however, the risk will always be in the world of cryptocurrency, therefore every consideration and decision is in our own hands.

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September 23, 2019, 07:33:54 AM
 #29

Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.

A lot of people usually not reach wihtepaper because already influence with something that hyped by the project. In whitepaper of each project usually tell us people if this investment have risk and must ask to professional if we not really sure about it. But what actually happen is, people buy it without know anything that they can't do anything if lose their investment. What they aim is short instant profit.

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September 23, 2019, 09:24:31 AM
 #30

When you say free then expect that everybody is there and every classification of human is free to join regardless of their intention.

It's a fact that many still don't understand what cryptos' really are. To the new ones that thought of it as an investment that will make them rich overnight needs to study more about it. Crypto isn't just all about what they've thought, it's more than that.

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September 23, 2019, 09:24:53 AM
 #31

We hard to find good projects to invest right now. Because most new projects are different types of scams. That's why own research is really important. The IEOs are creating a new era for the projects. But most project's prices are going down after the IEOs. This is a hard thing to decide hodl for long term.
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September 23, 2019, 09:26:16 AM
 #32

Without any doubt, crypto was created for free market, but don't you think that if almost  every second project that goes live scams people, it is time to think about how we can create a safer place for investors and new people that are interested in crypto?
It is not good statistic but it shows perfectly how free market works. If you don´t like it, you don´t have to participate. People want freedom, but they don´t understand what it really means.

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September 23, 2019, 10:00:17 AM
 #33

There are still good projects for long-term investment, fraud will always be there as long as there are good people.
Investing in crypto is risky but getting advice from experts is needed when we want to buy altcoin in large quantities for the long term, crypto always provides transparency with good blockchain technology but remains vigilant against fraudsters because they are very brave to show themselves on social media with upload their photos

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September 23, 2019, 10:29:34 AM
 #34

We hard to find good projects to invest right now. Because most new projects are different types of scams. That's why own research is really important. The IEOs are creating a new era for the projects. But most project's prices are going down after the IEOs. This is a hard thing to decide hodl for long term.

Because there are no regulations, many people make projects, now it's too easy to make coins or tokens that make anyone dream of getting rich because of the project, unfortunately they don't have strong capital so they only expect from ICO.


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September 23, 2019, 10:30:47 AM
 #35

I agree that we need to fully study any project before making an investment, but do not forget that many companies simply conduct ICOs to raise money and disappear with money after that, it has always been and continues at the moment, and no one from this is protected, so the risk of investing in an ICO will always be very huge. Now it is best to protect yourself by investing in IEO and not in ICO and then there will be no problems.
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September 23, 2019, 11:58:47 AM
 #36

Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.


I agree that the idea of cryptocurrency is to facilitate transactions more easily and inexpensively and possibly become a new payment system. But with a scammer, people are afraid to become victims of fraud and this can reduce the confidence of investors. But investors should not need to be afraid because with the right analysis, we will benefit from investing in good projects

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September 23, 2019, 12:42:31 PM
 #37

Nowadays it is getting extremely hard to protect our funds. We need some kind of a third party that would check recent ICOs/STOs/IEOs of their legitimacy to protect investors. Otherwise, people would just give up on investing.
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September 23, 2019, 12:50:28 PM
 #38

We hard to find good projects to invest right now. Because most new projects are different types of scams. That's why own research is really important. The IEOs are creating a new era for the projects. But most project's prices are going down after the IEOs. This is a hard thing to decide hodl for long term.

Because there are no regulations, many people make projects, now it's too easy to make coins or tokens that make anyone dream of getting rich because of the project, unfortunately they don't have strong capital so they only expect from ICO.

Agree, there is no government regulation yet, everyone can make tokens without the knowledge of the business world and the world of cryptocurrency and tokens such as pump and dump projects. Investors must be careful in choosing new projects because they can hurt their investment

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September 23, 2019, 01:07:40 PM
 #39

Hi, many people are still complaining how many ICOs ended up as a scam.
The cryptocurrency idea is to create a free worldwide decentralized ecosystem. Free for all, for honest but also for dishonest people. It is free market and you should protect yourself before losing your money. You don´t like it? Then you do not understand crypto.


Yes you are right here that everybody should think before investing but its very difficult to understand in initial stage that which ICO is good or bad. As a result ICO investor fall in problem when they understood at middle time or last time. To give up this problem now IEO going in every projects. I think investors will happy here.
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September 23, 2019, 01:17:28 PM
 #40

I believe, not all the ICO project come to live is scam, but we need more guarantee to protect us from scam, i think YOU is good way for that
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