Many ICO / altcoin scams?

[Lantind]

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.

Analyzing all projects, it is a long time ago, especially for investors who often invest their funds in various projects, and I strongly agree that investors must visit trusted project sites before investing in a project, because with the analysis of investors will know information about the project.

[skarais]

Analyzing all projects, it is a long time ago, especially for investors who often invest their funds in various projects, and I strongly agree that investors must visit trusted project sites before investing in a project, because with the analysis of investors will know information about the project.

Analyzing projects before starting to invest is the best way to prevent traffic jams with projects that don't have potential. Without analysis, investors will be very disadvantaged because the project is not going well.
Getting used to always checking the completeness of the project is a way to prevent investment failure.

[wedosgibas]

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.

Yes, IEO is the latest alternative from ICO, which is a development and still functions same, namely as a fundraiser. Some investor concerns are a bit helpful here, but there are still many projects that carry out IEO on exchange and the team does not provide any development news. In fact, there are still several new projects that hold ICO.

[wildey]

Analyzing all projects, it is a long time ago, especially for investors who often invest their funds in various projects, and I strongly agree that investors must visit trusted project sites before investing in a project, because with the analysis of investors will know information about the project.

Analyzing projects before starting to invest is the best way to prevent traffic jams with projects that don't have potential. Without analysis, investors will be very disadvantaged because the project is not going well.
Getting used to always checking the completeness of the project is a way to prevent investment failure.

honestly, quite a lot of people are lazy to do the analysis, even though that is the most important point in investment. some people think that it's difficult. Well, that is indeed quite difficult, requires deep accuracy, and requires time. but that is the best thing that can be done before investing, rather than being too hasty.

however, we must be aware that anything is possible in the world of cryptocurrency. even people who do an analysis of a project still have risks in the project. What if I don't do the analysis? they should prepare for the worst.

[Impaler]

Yes you are right. The basic idea of crypto is its free to all. But if someone doing something wrong then we have to up our voice against them. Scammers are making this space dirty. Yes sour responsibility to stop this scams and scammers.

[djselery]

Recently, the number of scams in the crypto world is increasing, and especially on the ICO's industry. We noticed so many fake projects without whitepapers, or with fake teams, and sadly many beginners invested and lost their money with such projects. That's why it is advised that you check carefully the project before investing.

[criket]

Recently, the number of scams in the crypto world is increasing, and especially on the ICO's industry. We noticed so many fake projects without whitepapers, or with fake teams, and sadly many beginners invested and lost their money with such projects. That's why it is advised that you check carefully the project before investing.

they are new projects that want to cheat. I didn't get an investor. I don't think the new project will fool anyone. the problem is that most of them are scams and failed projects. we will distinguish them from project scams or fail. because there are projects that fail to get funds and there are projects that were created and deliberately to deceive people.

[Maian]

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.

i disagree more of them is real scam project some times after ICO they dont want to list there token in exchnage ending up to be no worth at all. listed but  in a low price thats still not good  for investors, how come they boought it llower price at ICO then after listing the more lower than ICO price .

[Alexandr Kirichenko]

I agree, everyone has seen a lot of scams in the ICO market. But that's okay. This has always been the case in any new field that has ever been created. The market will cure itself, it is already clear that the number of ICO has decreased and the number of scammers too. I think that in the future the situation will improve even more.

[campusnet]

I agree, everyone has seen a lot of scams in the ICO market. But that's okay. This has always been the case in any new field that has ever been created. The market will cure itself, it is already clear that the number of ICO has decreased and the number of scammers too. I think that in the future the situation will improve even more.

I hope this market will find a solution to the current weak demand. even in IEO, there are still many project scams. not only on ICO, the new IEO is famous this year there are also many scams. there must be a new, better system to improve this market. because growing a new, stronger trust in crypto investment will be very difficult after many project scams.

[stephanirain]

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.

No one likes to be scammed so don't fool your money around. Every investment has their respective risks and it is indeed not easy to find a legit project that has a great potential to grow in this industry. There are many good projects out there but very are becoming successful because the project team promised to much and the investors expected too much.

[o48o]

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.

While this is correct, just admitting that doesn't help with the attitude of new possible investors towards the cryptocurrency scene. Icos were unregulated, and some people don't get the price you have to pay going from the traditional markets to the free markets and now lot's of the people are asking for more regulations because they are afraid that we don't get adopted without public getting protected by regulations.

One of the ways to combat scams is IEO and trusting the judgement of the exchange, exchange might even protect their customers in a case of fraud. But that's just companies doing the jobs aimed for governments.
And it does take away the whole idea of doing icos decentralized via contracts.

Then there are just those people who don't understand the definition of the word scam or how the market works. To them, everything is a scam when they lose money. This is also one reason why people hear about the whole crypto scene being a scam.

[Shepard777]

Yes, you are absolutely right, but I can make you happy, as many authorities have already begun to regulate ICO requirements. Over time, as I think you have already noticed, they become smaller as fraudsters with their crooked scam can not enter the market.

[BRODIN]

yes I know what you mean because I also realize that in the crypto market industry there is no full guarantee for you and it is very risky in every option we will make in this industry. and it might be true that luck will determine our destiny here.

[indah rezqi]

People complain that the altam scam situation is normal and very basic. But, in dealing with situations like this, what you say is appropriate, which is to protect yourself if you do not want to lose money. I add, that is, if you want to invest in altcoin, look at altcoin, where people's trust in it is strong.

[Vitamin_52]

I am from the beginning in the cryptographic world and will say one thing that recently ICO projects are pure fraud. collect money and the project just stops developing. ICO is not worth paying attention to now

[Ailmand]

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.

Even if you make a review about a project and their team it is hard to tell which project is legitimate or not. Or even if legitimate most project dont survive that long since investors had lost their fate in supporting and investing in new projects. There had been a lot of scam ICO and a lot of investors lost a lot of money. That is why ICOs are doomed to fail.

[Pinkris128]

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.

Before investing, one should understand first what the project is all about. You shouldn't just invest just because the project promised high profit in the end of the tunnel because there is even no guarantee that there is an "end" in the tunnel of the project. Also, confirm the identity or authenticity of the dev team and the ceo or the project team itself. Lastly and most importantly, if the offer is too good and too unrealistic, that is your cue to get away from that project.

[ChrisPop]

I believe in a blend between crypto and regulations. For some people who are newbies and don't have knowledge in the field it is always going to be a big trap investing into ICOs. Regulations advantage is that they are protecting people from investing into unlegitimate projects/businesses. But crypto has been built with freedom in mind indeed. That principle needs to be holded if we really want to make a better decentralized world.

I haven't participated in many ICOs in my life, but I've learned to spot the scammy ones. There are certain traits like lack of team presence on the internet/media, lack of usecases and a realistic, working business model are just a couple of them.

[spadormie]

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.

For every system, there are always cheaters. This is why you should be careful on what you are doing and you should be always sure on what you're doing. One of being ensured in crypto is to spot scams.