mcnocon2
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Activity: 616
Merit: 18
📱CARTESI 📱INFRASTRUCTURE FOR DAPPS
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September 23, 2019, 01:19:53 PM |
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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, the main idea/goal of cryptocurrency is decentralization and transparency. As an investor we have the tools to check whether the project is shady or may end up failed in the end. You are responsinble for your own funds, it doesn't matter what the teams project promised to do, you must see and milestones or roadmaps that have been achieved. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Viceroy
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October 01, 2019, 11:01:00 PM |
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Haha, rather sharp but true. It's not a holy land to expect bliss and virtue here, no. here you must think for yourself and ask questions.
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mhine07
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October 02, 2019, 12:19:43 AM |
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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.
Many people complains that many ICO's are scams because they have probably experience failure in the ICO's that they participated and invested into. But mostly ICO's that have failed is due to lack of support and lack of money to raise for tge projects. I have seen many ICO's that has a great potential to success but they cannot raised enough money for their projects which lead to failure. |
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cybernetik7
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October 02, 2019, 12:23:56 AM |
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Absolutely I agree. I also increase 95% as spam. Projects that are not feasible only want to get invest at ICO. Over the years, all these will be removed from the market. I hope more people don't invest in these shitcoins.
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asyakashi
Sr. Member
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Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
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October 02, 2019, 01:45:23 AM |
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in 2017 ICO became very popular because many investors were interested in bitcoin. at that time the price of bitcoin and altcoin increased. The decline in the price of bitcoin causes investors to lose confidence in ICO and ICO scams are growing rapidly. ICO currently competes with IEO.
I think it's very difficult to get new investors.
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herurist
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October 02, 2019, 01:56:50 AM |
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in 2017 ICO became very popular because many investors were interested in bitcoin. at that time the price of bitcoin and altcoin increased. The decline in the price of bitcoin causes investors to lose confidence in ICO and ICO scams are growing rapidly. ICO currently competes with IEO.
I think it's very difficult to get new investors.
Investors are now a lot disappointed because of the rampant fraud, IEO also now does not guarantee to be the best sales but in my opinion only developers and team promotions are the best. |
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alphaboon
Newbie
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Activity: 109
Merit: 0
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October 02, 2019, 02:58:21 AM |
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I feel altcoins scams are much worse. They setup very similar sites or names and very very attractive. For eg 10X ripples if you send ripples to them. Or 3X bitcoins if you send bitcoins to them. I nearly fall for that ripple one. Can't even blame me too much. Ripple has been announcing billions of giveaways. But nowadays my rule is never send anything to any giveaway first. They should be the one sending and not us.
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tadpole_bitfrog
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Activity: 464
Merit: 10
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October 02, 2019, 03:19:11 AM |
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yep, I often hear these complaints often on this forum. Many people want to make a big profit but cannot afford to lose it. This is hard to understand, maybe they should take the risk or run away from it. If we want to invest safely, join Binance's lending, we will have a profit of 15% a year, higher than banks now. Remember, there is no security or insurance in the crypto market. We only use our brains to analyze and without the help of anyone.  |
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alphaboon
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Activity: 109
Merit: 0
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October 02, 2019, 04:08:38 AM |
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Lots are newbies, where I can't deny that they are being greedy. For ICO if the site looks good and the team looks solid, it can fool not just new comers but also experienced users. One reason why I never tried an ICO. You really can't tell unlike an IPO where there are sufficient due diligence done. People are dumb always chasing get rich quick schemes, then they blame others for their choice which caused them to lose the money they invested in an ICO.
The only true way to make money with crypto is to be patient, pick a good project and buy a small amount, then accumulate more with the projects progression, don't drop 2 BTC on an ICO with a good "team" and whitepaper as you never know how accurate the information is.
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efxtrader
Full Member
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Activity: 924
Merit: 100
GoMeat - Digitalizing Meat Stores - ICO
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October 02, 2019, 04:54:39 AM |
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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.
The cryptocurrency market is basically like other investment markets, the difference is that not everyone understands cryptocurrency. Maybe this happened because the cryptocurrency market is still relatively new but I am sure, for a long time people will understand to distinguish which projects are scams or projects that are good for the long term |
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wedosgibas
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Activity: 535
Merit: 33
here we go
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October 02, 2019, 05:17:02 AM |
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They complain because they are fooled by promise offered. Which person won't complain? Especially for investors, they don't want to donate and leave, they want to invest and make a profit in the future.
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skarais
Legendary
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Activity: 2478
Merit: 2096
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October 02, 2019, 05:45:25 AM |
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They complain because they are fooled by promise offered. Which person won't complain? Especially for investors, they don't want to donate and leave, they want to invest and make a profit in the future.
The ultimate goal of someone making an investment is to make a profit. All investors in my opinion will think the same. It's natural for investors to complain because they feel they have been cheated by some people at ICO. Because of this, most investors have left the ICO and started with new things that can be profitable. There are only a few opportunities to be able to invest in a good ICO, because many ICOs are now very disappointing. |
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Murat
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October 02, 2019, 05:59:46 AM |
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Every Coin has two sides, so every initiative belongs to both a positive and negative aspect. This is the nature of the earth. So some scam ICO is not wired, it looks a natural process, not all the people are same, there are some people who want to make money by hook or by crook, those bloody people are the main culprit for this ICO crisis, general people are losing the interest of investing in this platform. In early 2017, ICO got huge popularity around the crypto world but some of these scam projects had brought a curse on this platform. Hopefully, this crisis will not sustain for a long time, but we are also partly responsible because we didn't also proper study and take a random decision regarding this issue. So we have to be more aware and conscious about what we are going to do.
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leea-1334
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October 02, 2019, 06:10:53 AM |
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IEO seems to be the form of choice for a lot of investors at this time and this is really good for all investors because they do not need to wait too long to sell that coin. I think with what is happening in this market, IEO will be a popular investment form in the next few years so if you can choose good projects then consider investing. Personally, before investing, I always consult with many experts in the field of crypto and always find out information to get an overview of that project.
Yes,,, and IEO coins now really need to be sold straightaway it seems. Binance has been now delisting so many coins and 20% of those trading pairs were from their Launchpad program (their version of IEO). So I tell you now, soon IEOs even will be ignored if things continue at this rate. |
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J1mb0
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October 02, 2019, 06:12:17 AM |
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It's too easy to create a token, so fraudulent ICOs can appear everywhere. That makes investors' confidence decline and even good ICOs have difficulty raising capital.
Perhaps the only way is that you need to protect yourself before losing money, investing in IEOs of reputable exchanges is also a good way. Be a wise investor
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VDraci
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Activity: 560
Merit: 28
SAPG Pre-Sale Live on Uniswap!
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October 02, 2019, 06:16:11 AM |
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ICO is a good fund raising strategy which would have been the best till this days but bad people with evil intent came into crypto space after ICO gains huge attention, these evil intent people brings disaster on ICO and investors lose trust in the system, these people are still around till today trying so hard to prey on people on the name of fake IEO projects but people are now smarter, they've pit trust in big exchanges instead
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cutesgirl
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October 02, 2019, 06:18:47 AM |
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Not scam maybe have lower price after listing, team ICO re working for building coin price back to normal and higher than ICO price, they need time for building step by step with buy back and open working with other platform to make their coin become popular.
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Hamzaal24
Newbie
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Activity: 42
Merit: 0
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October 02, 2019, 06:24:05 AM |
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It was a great idea, A decentralized platform open for everyone. But now every second scam project is getting lunch. I believe new investor should visit trusted site, analyze project deeply, check community remarks and project rating before investing their money. |
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steveabrahams
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October 02, 2019, 06:29:12 AM |
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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.
To be honest most of people who are complaining are from bounty hunters. They joined a bounty and end up with a scam ICO. Investors will not invest on unknown or random ICO. I agreed with you, investing in crypto is a high risk too, so before you invest, check it first the project, the team and else. |
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asyakashi
Sr. Member
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Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
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October 02, 2019, 07:45:44 AM |
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in 2017 ICO became very popular because many investors were interested in bitcoin. at that time the price of bitcoin and altcoin increased. The decline in the price of bitcoin causes investors to lose confidence in ICO and ICO scams are growing rapidly. ICO currently competes with IEO.
I think it's very difficult to get new investors.
Investors are now a lot disappointed because of the rampant fraud, IEO also now does not guarantee to be the best sales but in my opinion only developers and team promotions are the best. I also see that IEO binance only produces low roi. this is a sign that IEO is becoming obsolete. Investors are no longer interested in IEO, the lottery system might have caused investors to be disappointed with binance. |
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