There's a lot of people that thinks all ICO's are scams, like Ponzis, nigerian prince and others examples...
People are buying "nothing" for a estabilished price
What's your point of view about it?
People are buying "nothing" for a estabilished price
What's your point of view about it?
Imo this is true.
You just have to take a look on the past ICOs. The ones who have benefit are the founders and whales who supported that project for a nice ROI!The majority always will lose!
This is the reason why I never invested in such ICOs.Hidden arrangements, premining, pump & dump groups etc...
I actually made out very very nicely as an outsider on several ICO's.
ETH and Lisk are two examples.
Almost every crowdsale has a dump at the start, there are few who successfully pass the ico, And is very hard to know wich coins have a real team working behind.. is like a penny stock market.