ICO Scams 2018 - Programmer explains
Today we're going to talk about how you can screen ICOs and decide wether they are potential scams or not. I want to share some metrics I usually use myself and things that turn me off in ICOs. ICO scams are very common and will only become more common as the crypto industry grows. I hope this video will help and enlighten people - share it with your friends and family who are new to crypto but are eager to learn. Enjoy guys!
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Ivan on Tech by Ivan Liljeqvist
Timely info. Great post. The crypto revolution looks a lot like the dot-com craze of the late 90's with everyone coming out with the latest and greatest website.....and, of course, taking them public with bloated IPOs. 99% of those companies are gone with the wind. The crypto space will follow the same path,
I am convinced that the "crypto bubble" will be exploded within 2018 (I dont know exactly when) such as dot-com case. MarketCap will be under $150 billion at that time. Let see!
Thanks Ivan.
BTW. I shared also some info related to benebit scam some time ago. Bad that the people loose their money... And double bad is that the diverse paid reviewers, experts and so on don't even apologize for the advicing of scam.. I afraid because of ico crazyness there there will be more and more scam cases in the future.
https://steemit.com/ico/@yefym/ico-scam-alert-benebit-scam
https://steemit.com/crypto/@yefym/scam-alert-fusion-org-the-detective-story-of-one-ico
Your post is very interesting ,and you're really careful thanks so much for your post
#Followback For all steemains
This is very helpful @ivanli, thank you so much
@ucathy
Thanks Ivan, I think it is very important to point out ICO scams. A lot of people are not aware of the risks...
the same human flaws (greed, ego etc) will cause the ICO bubble and bust
crypto is new and can be trusted, no all human beings can - be careful where you put your money
yaah ofcoure !ICO scams are very common and will only become more common as the crypto industry grows!
i am new to cypto and learnt whetever they are potential scams or not!
thanks for sharing with us! you are brilliant!
Thank you Ivan. I think the most important aspect for people to understand is what do you get? What will the token be used for. Technology is nice, but it does not help if you get nothing for it. I think the Etherdelta example was an excellent one - I love the business model - but the ICO was not attractive. Then the changed the whitepaper later on, it looked better than, but still....
Its always good to alert people!
Great post
This video makes us more aware of ICO and its details. I hope a lot of people would read this to avoid being scammed. Thanks @ivanli
I just now realized you are on steemit. I feel like an @$$ because I have been linking your YouTube videos since forever. I always give comments and, of course, Kudos. There are a lot of cool people in the space but you are definitely in my "top 10" list, probably my "top 5" list of people who actually have a clue....Thanx!
Thanks @ivanli I find this sort of post incredibly helpful. You are helping others not to get burned, this is very honorable.