Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on March 21, 2018, 08:01:01 AM
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In recent times, it seems almost all the ICOs are scam. They present a catchy whitepaper just to get the attention of investors and after receiving the huge sums of money, do not even pursue the goals of what was presented in the whitepaper. The coins gradually turns out to be a pump and dump coin. It is no wonder China and other social media platforms banned all fake ICOs.
What is your opinion on this?
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I guess all the lending ICO presently promoted are scams, so be careful in joining those lending or staking ICO. Do some research first before investing on those platforms or better invest on ICO that have a unique project with a useful platform with a solid and a team that are not hiding their identities.
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We cannot generalize, but I believe 70% of ICO's aren't going to anywhere (weak projects, inexperienced team or just a scam ICO), just waste of money. Many of these ICOs are already existing projects ou projects that do not require blockchain technology.
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in my opinion it is also difficult to choose an ico because most of them just to cheat, capitalize suit and position we can not distinguish whether it is a scammer or not. such as (otho network, denaro, plutoncoin, gasfiles) and much more
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I guess all the lending ICO presently promoted are scams, so be careful in joining those lending or staking ICO. Do some research first before investing on those platforms or better invest on ICO that have a unique project with a useful platform with a solid and a team that are not hiding their identities.
I don't actually support your first statement that a lending projects are scams. We can't just associate the fate of one lending project to another. It's just a matter of researching about team, read wp, and look out for advisors and that's all.
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I agree with you, now a lot of fraudulent ICO or ICO with a good idea, but because of the weak team not reaches of success. Always look at those who is the project, because and technical paper and marketing and site may be perfect, but if the team is hidden and is available for communication, this should make consider openness of this project. Now there are a lot of good ico, but I don't have the possibility of time and follow the all at once, so will share those I studied and that noteworthy. Propose to take a closer look to them: EQUI, Unibright, XYO.
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In recent times, it seems almost all the ICOs are scam. They present a catchy whitepaper just to get the attention of investors and after receiving the huge sums of money, do not even pursue the goals of what was presented in the whitepaper. The coins gradually turns out to be a pump and dump coin. It is no wonder China and other social media platforms banned all fake ICOs.
What is your opinion on this?
There are some but not at all before joining ico you have to choose a good manager campaign and must a lot of good karma to prevent scam.
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Well there are some good ones bro
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It's true that there are ICO's that are just scam, but still there are those decent ones. So, better check all important details before investing or participating in any ICO.
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Of course not. There is many successful ICO's and you have heard for sure about ETH or Stratis. There is plenty of bad ICO and this is true that more as 80% of them is not successful in the long run. That is why diversification is the key to invest in such a high risk ICO.
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There may be some but certainly not all of them. Being a bounty campaigner we have to scrutinize conscientiously those ICO's before we join any of them as to avoid being scam. Don't let the high stakes or rewards they are offering fool us immediately but rather examine the ICO as a whole. Read their whitepaper, their objective and most especially their team. We obviously don't want our hard work to go to waste, do we?
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Its true that, there are a lot of fake ICOs lately and there are a lot of victims but surely there's always a decent ICOs you just have to carefully check it.
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We cannot generalize, but I believe 70% of ICO's aren't going to anywhere (weak projects, inexperienced team or just a scam ICO), just waste of money. Many of these ICOs are already existing projects ou projects that do not require blockchain technology.
So meaning we only have 30% of chances for joining an ICO that has a future, the risk higher than the good promises that leads to success.
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Not all of ICOs are scam, some of them has real business, products, company behind the ICOs and the community. Unfortunately it is very difficult to find the good ICOs.
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Yes ,i agreed with you ,there so many ICOs out there but i think there are few genuine ICOs. Now, you can only get good ICOs if you thorough research to find some factors that makes it good or a bad ICOs, like
1.Learn more about the project developers.
When evaluating an ICO, it is mandatory to do as much research as possible. This research effort also consists in reading about the team behind the project. While most companies launching their ICO are new on the market, chances are that members of the team have been involved in similar projects in the past. It is recommended that you go ahead and separately search for each of the team members, as a form of background check. To qualify, team members need to showcase expertise in their niche of business. A project with team members that lack experience is definitely a red flag. After all, if you’re launching a project and wish to raise money from the public, a level of trust needs to be established between the developers and the investors.
2.Read what other people think.
ICOs often market themselves to various digital currency forums, but also on social media platforms such as Twitter, Facebook, Instagram, Reddit and more.
3.Consider the road map and future plans.
Companies with realistic and well-developed road maps that share their future plans are always a better choice. As an investor, you want to know when the project started and how far the #DevelopmentTeam has come. Additionally, you also want to know the future plans of the company following the ICO. If a company only wants to offer a certain service until the end of time, with no further investments and ideas planned out, then chances are their success will be short-lived. This is a bad sign for potential investors, as the token value increase potential remains limited.
4.Thoroughly read and evaluate the white paper.
White papers are basically the company’s pitch to potential investors. Because of this, they have to be well-written and include all relevant information about the company’s vision, how the services will work, features, developers and more. Most of the times, the quality of the white paper can either make or break a company, and it clearly shows whether the team is serious enough about their project.
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I probably wouldn't go as far as saying almost all are scam. But it's certainly true that only a very small number actually has a big break through. That doesn't ask that all others are scam just because they dont make it though. Regarding bans by social media: I am actually not a big ban sort of person. I would rather keep all info and educate users to be able to make the right decision on who to trust and who to avoid. But that's just one way of looking at it
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I probably wouldn't go as far as saying almost all are scam. But it's certainly true that only a very small number actually has a big break through. That doesn't ask that all others are scam just because they dont make it though. Regarding bans by social media: I am actually not a big ban sort of person. I would rather keep all info and educate users to be able to make the right decision on who to trust and who to avoid. But that's just one way of looking at it
You're totally right. It becomes smart and best to always keep your intelligence alert and be abreast of the ICO you intend to invest in. Seek for advice from experts if you are entirely new in the game. However, you can run some few checks on the team and its credentials to ascertain some level of trust.
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I probably wouldn't go as far as saying almost all are scam. But it's certainly true that only a very small number actually has a big break through. That doesn't ask that all others are scam just because they dont make it though. Regarding bans by social media: I am actually not a big ban sort of person. I would rather keep all info and educate users to be able to make the right decision on who to trust and who to avoid. But that's just one way of looking at it
You're totally right. It becomes smart and best to always keep your intelligence alert and be abreast of the ICO you intend to invest in. Seek for advice from experts if you are entirely new in the game. However, you can run some few checks on the team and its credentials to ascertain some level of trust.
Yes, I fully agree. The team is quite frankly apart from the basic concept the most important thing I look for. Here for instance is a good example of what team transparency is for me: https://www.culturalplaces.com/#team I don't really want to have to search for these things for ages so that's the kind of solution I look for.
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Not all ICOs are scam. To choose a good ICO, check their whitepaper if it is well-written, fluent and can be understood by those who don't have PhDs. Also, check if the team has technical experience relevant to cryptocurrency, blockchain, decentralization. One example of a good ICO is VLUX. It is an integrated P2P energy trading solution, which combines cutting-edge artificial intelligence technology with blockchain. Learn more about VLUX on their website https://vlux.io/ (https://vlux.io/)
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Not all ICO are scam. If it is then I assumed no altcoinstalks forum. And no bounties to come in in this place of altcoins. It is clear that not all are scam. Sometimes you need to have trust according to what you search and expect.
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The ICOs which are genuine are far less than the scam ones and care must be taken when investing into ICOs because it is very hard to tell which is a scam and which is genuine. But in the nutshell, not all ICOs are a scam.
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Unfortunatelly you will find that maybe 80% of icos are scam, don't have a working product/team/distribution etc, but the 20% remaining can really change the way we see the world right now.,
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Some ICO are scam. Sometimes it can notice by the way they form the project and no product to present to the public. No promotion of product and introduction of the team to the group.
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I think around 50% right now of ico are scams, its too easy to create ico with erc20, before erc20 icos all was solid, but now just like creat e new one pump dump and so on.
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I wonder why you think so, thousands of people and I in this case earn money, of course there are scammers without it anywhere
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In recent times, it seems almost all the ICOs are scam. They present a catchy whitepaper just to get the attention of investors and after receiving the huge sums of money, do not even pursue the goals of what was presented in the whitepaper. The coins gradually turns out to be a pump and dump coin. It is no wonder China and other social media platforms banned all fake ICOs.
What is your opinion on this?
No, There are many scams but Not All ICOs scam. You should be carreful to choose ICO.
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I can't say that all are of ICO no use. ICo gives the opportunity to develop. If you have an excellent head on your shoulders, you can make an excellent project, attract investment and earn. Scammers will always be there, but I do not think it's right to prohibit these projects.
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Yes I see many ico are scam but some ico projects are successful and have high scores. I think before joining the project ico better know the purpose of developing the project.
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Alas, but so far ICO is still a risky undertaking that does not guarantee any profit, nor a reliable way to save personal funds in digital format. The introduction of the ICO rating system also failed to correct the current situation. Despite the participation in the preliminary assessment of independent agencies that audit the ICO on a number of criteria, their ratings are not a guide to action. A striking example of this is the Benebit scam project, which was given high reliability ratings.
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depending on the project for the future of the ICO, if the ICO is normal and does not have a future vision it might be said that it will become a SCAM.
but if some kind of ICO that has a bright future like REDCAB ICO (maybe) is worthy of being followed, because REDCAB has a goal like UBER whose payment uses a Blockchain transaction
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actually not all ICOs are scams. because actually there are also many legitimate ICOs. maybe you've found ICOs that are scam a few times so you think that all ICOs are scammers
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Yes I think a lot of the project ICO scam and Haya some ICO successful. but after the project it is in stock Exchange, tokens they experienced perurunan a large. whatever project ICO unsafe in this year?
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I think all ICOs are not fraudulent, because for us the ICO also wants to get a good future, so for us not all ICOs are fraudulent.
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it is true, that I also feel like that almost ico fraudsters, and we have to be more careful in choosing ico to invest.
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In recent times, it seems almost all the ICOs are scam. They present a catchy whitepaper just to get the attention of investors and after receiving the huge sums of money, do not even pursue the goals of what was presented in the whitepaper. The coins gradually turns out to be a pump and dump coin. It is no wonder China and other social media platforms banned all fake ICOs.
What is your opinion on this?
No , I think There is many good ICOs. You should be carreful and smary to choose ICOs.
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In recent times, it seems almost all the ICOs are scam. They present a catchy whitepaper just to get the attention of investors and after receiving the huge sums of money, do not even pursue the goals of what was presented in the whitepaper. The coins gradually turns out to be a pump and dump coin. It is no wonder China and other social media platforms banned all fake ICOs.
What is your opinion on this?
I think We must be carreful to choose ICOs. Many ICOs are scams.
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Nope. ICOs are not scam but some of them. That is the reason why Facebook and some social media banned the advertisement of cryptocurrency to stop the fakes.
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Not all the ICO's are scam, some are very legit and they provide solutions to various problems. Some are not legit and are scam and they will run away with your money.
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I would have to say that 50% of the ico are scam. It is very hard to distinguish and there are no proper regulation, that is why scammers are having a good time to keep scamming.
However, there are also a lot of legit and good ico.
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You have to check some points before get in any ICO
1-The idea
2-Team
you should look for the team in linkedin and if the team verified at sites of ico
3-check whitepaper carefully
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Not all ICO's are scam some them are legit and has the capabilities to go strong on the way to success of the projects. Only ICO's that has good functions and purposes has the higher chance to booms in the market most especially if the project is unique.
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I agree with you, but I'm sure there are still ICO projects that have serious intentions to build Cryptocurrency, not all ICOs are Scams, I believe that. we are indeed required to be careful in participating in ICO projects.
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Nowadays many icos projects alive in cryptomarket . But one thinks now some very good icos are alive in cryptomarket I believe it because I'm already invest on it.
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I do not think so. there are still many ico who have been successful this year such as docademic, dropil and many more. it is better for beginners to be more careful in choosing ico projects. Be sure to read WP from the project before joining.
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I believe not all altcoins are scam since there are really good and legit altcoins. I think that people should make a research and survey the vital information of an ICO before you are planning to invest on ICO's. People should check the whitepaper, the team members andof course the bounty manager's handling the project.
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I don't think that all ICOs are scam. Maybe there are some ICO that completely disappeared after the end, but you cannot justify all of them are. There are lots of altcoins nowadays that are successful and they all started with ICO. Just be mindful of the offerings that new ICOs give, if the payouts is too much to be true then better watchout. Just do research when you intend to join one, especially if you want to invest. If you want to have bigger assurance, just look for campaign managers who have run ICOs that paid.
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not all ICOs scam. you must do a reseach first on project what you want to invest.
I think important to check The team and Read their whitepaper.
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what you say is true, many ICOs make the concept of an interesting project even though they are a scam. the number of ICOs that scam does make investors worried. this problem will bring a decline in investor confidence in an ICO, where such problems will have an adverse impact on ICOs who are not scam.
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Not entirely, but unfortunately 70-80 ppercent of the ICO'S are scam . This high fraud creates great mistrust for cryptos. That's why it's necessary to fight against crooks very seriously.
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I think those people who wants doing to scam someone must be put to death. They are idiot by not understanding that we have vital needs. Some victims were just a dreamer to have something from this and yet scammers stealed their earnings. What if their love one is in the hospital? What they should do to pay the bills? Be stealer too like what had happened to them. I hope we should help each other as we are all human.
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For sure not all of them are scam, but some of them may be. It's strange that there are already too many of them and it's hard to choose the right one. Some people worked for years to produce a new encrypted ecosystem and I don't think that all of them started at the same time. Even the reviews may be fake and what is the way to get rid that it's a good one?
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Not all ICOs are scams. I don't deny the fact that there are scam ICOs all over, but there are legit ones which really will succeed. A lot of them.
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Sometimes the fault is from the investors. They tend to fall in love with the profit from the coins for a short term without thinking about the success of the project itself
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I don't think that all ICOs are scam. Maybe there are some ICO that completely disappeared after the end, but you cannot justify all of them are. There are lots of altcoins nowadays that are successful and they all started with ICO. Just be mindful of the offerings that new ICOs give, if the payouts is too much to be true then better watchout. Just do research when you intend to join one, especially if you want to invest. If you want to have bigger assurance, just look for campaign managers who have run ICOs that paid.
Yes, that's true. Not all ICO is a scam. I have read in a post in the other forum that, "99 out of every 100 ICO projects is a fraud or a scam" that was according to a certain smart contract developer. Well, according to this article (https://medium.com/@alexstargame/why-not-all-ico-scams-are-truly-scams-1bb0259ce4f3)...
Projects which were not meant to deceive anybody are (wrongly) named among scams due to several reasons:
Hacker attacks — that is, as a result of breaking into the founders’ accounts, e-mail and wallets.
Management problems — when a project can not launch a product owing to a discord in its team or simply because of inept management. It is typical of all startups.
ICO failure. The projects, that did not manage to collect sufficient sums during their ICOs, often do not live to see their listing and the issued tokens turn out to be absolutely worthless.
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we should be careful about participate at ICO's
most of ICO's get to the market with so little price , so dont be in hurry and buy at the ICO period
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Not all ICO is scam there are so many ICO the is also legit and some are scam that is why we need to choose a good ICO to avoid as from lossing by being victimize by scam ICO.
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Not all ICO is scam there are so many ICO the is also legit and some are scam that is why we need to choose a good ICO to avoid as from lossing by being victimize by scam ICO.
I believe on that there are so many ICO that is also a light ICO not all of ICO are scam.
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Not all ICO is scam there are so many ICO the is also legit and some are scam that is why we need to choose a good ICO to avoid as from lossing by being victimize by scam ICO.
I believe on that there are so many ICO that is also a light ICO not all of ICO are scam.
There are so many scam.ico and we need to make our self ready to determine the ICO for us to avoid loss.
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Not all ICO is scam there are so many ICO the is also legit and some are scam that is why we need to choose a good ICO to avoid as from lossing by being victimize by scam ICO.
I believe on that there are so many ICO that is also a light ICO not all of ICO are scam.
There are so many scam.ico and we need to make our self ready to determine the ICO for us to avoid loss.
not all ICO are scam but there are so many ICO are scam. Good ico will become affected on the scam thatvis the reality.
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I figure all the loaning ICO by and by advanced are tricks, so be cautious in joining those loaning or staking ICO. Do some exploration first before contributing on those stages or better contribute on ICO that have a remarkable venture with a valuable stage with a strong and a group that are not concealing their personalities. so i am not agree with you first line.
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not so. there is also an ICO that is really not a Scam and can actually be very profitable. but on the other hand there are many ICOs that appear every day and some of them are Scams. that makes people leave the ICO and switch to other coins. if it continues like this, the ICO will have no interest. that's just my personal prediction.
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In recent times, it seems almost all the ICOs are scam. They present a catchy whitepaper just to get the attention of investors and after receiving the huge sums of money, do not even pursue the goals of what was presented in the whitepaper. The coins gradually turns out to be a pump and dump coin. It is no wonder China and other social media platforms banned all fake ICOs.
What is your opinion on this?
Yes I agree with you mate. Most of ICO's are scam nowadays. We are not sure what project or ICO is legit and good for investment. And if they are offering bounty campaigns, some of them will suddenly gone without proper notice.
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In recent times, it seems almost all the ICOs are scam. They present a catchy whitepaper just to get the attention of investors and after receiving the huge sums of money, do not even pursue the goals of what was presented in the whitepaper. The coins gradually turns out to be a pump and dump coin. It is no wonder China and other social media platforms banned all fake ICOs.
What is your opinion on this?
Most of ICO's are scam nowadays. We are not sure what project or ICO is legit and good for investment. Its hard to determine whether these ICO's are legit or not. you just need to do dip research
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In recent times, it seems almost all the ICOs are scam. They present a catchy whitepaper just to get the attention of investors and after receiving the huge sums of money, do not even pursue the goals of what was presented in the whitepaper. The coins gradually turns out to be a pump and dump coin. It is no wonder China and other social media platforms banned all fake ICOs.
What is your opinion on this?
in this year there were so many ICOs that appeared and it was very difficult to choose a good ICO and not a scam.
I can only look to ICObench before investing to see a legitimate ICO.
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I think only a few ICOs are really genuine and not fake. and most ICOs are fake. and this lowers ICO enthusiasts, so that now many people do not believe in ICO anymore because they have been caught in a project that is Scam. if left like this, the ICO will be quiet for a long time.
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In recent times, it seems almost all the ICOs are scam. They present a catchy whitepaper just to get the attention of investors and after receiving the huge sums of money, do not even pursue the goals of what was presented in the whitepaper. The coins gradually turns out to be a pump and dump coin. It is no wonder China and other social media platforms banned all fake ICOs.
What is your opinion on this?
Yes I think too many ICOs are scam but not all. You can choose good ICOs to buy it.It wil give you profits
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For me Not all ICO's are scams, but right now it's hard to find out if an ICO's scam so to avoid being scam you need to first study the ICO's project, then research the teams behind the project and the bounty manager, we need to be careful about joining the ICO's.
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I agree that there are lots of scam ICOs project that become a threat to many investors who want to invest their money in the projects but still i believe that there are projects also that provides better investment profit returns to their investors.
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Most ICOs are fraudulent today. We are not sure what projects or ICOs are legal and good for investment. And if they offer a bounty campaign, some of them will suddenly leave without proper notice. Do some research before you get into the ico project.
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Now some project with concept to protect money of investors
one example
W12 project
it will keep the investors money and deliver it to any project according road map
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In recent times, it seems almost all the ICOs are scam. They present a catchy whitepaper just to get the attention of investors and after receiving the huge sums of money, do not even pursue the goals of what was presented in the whitepaper. The coins gradually turns out to be a pump and dump coin. It is no wonder China and other social media platforms banned all fake ICOs.
What is your opinion on this?
No I think too many ICOs are scams, But There are many good ICOs. So, We must be carreful to choose ICO.
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Indeed, there are now many ICOs who are SCAM, even if it is not a Scam but we have to wait a long time to receive the token. This is what makes investors tired, and sometimes reluctant to invest in Ico. And prefer to buy tokens in exchange.
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Scammers are a big problem for cryptocurrency
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If you want to earn more-you have to choose new projects
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But new projects are a big risk. I prefer not to lose money.
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Simple way to protect yourself-to use services such as w12.io (https://tokensale.w12.io/?utm_source=psv&utm_medium=altcoinstalks&utm_campaign=altcoinstalks.com/index.php?topic=10183.msg211465#top), it will completely protect you from losing money
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Not all ICO are scam but many of the new project that have ICO is now scam because many people are using it to earn and gain money. They just starting the project and let the coin dump they don't have long term plan to their project they just want pump and dump easy money from them.
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I agree with you. A lot of icos are fake nowadays. Where some people see a business opportunity, others see a chance to steal and cheat. But that doesn't mean we have to lose faith in all of them. Rather we must be careful and hope for the real ones
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currently many ICOs are scam and make us lose money when investing in ICOs, but not all ICOs are scam and we must be able to choose a trustworthy ICO and have a good project before deciding to invest in ICO