Recent ICO scam:
https://bitcointalk.org/index.php?topic=1749935.0Im sure that everyday we notice new ICO coins being created and some has an insane plans like for example $1 = 1 token LMAO!. My thoughts are if there purpose wasn't to scam but they do have the intention to collect the money all they can to secure their lives for a couple of years.
what are your thoughts?
We should be very much careful while investing in ICO.An altcoin ICO with fanciful graphics with no features of innovation, same old speculations,no transparency, no white papers is more than enough to say it as a scam.Donation based, Altcoin, premined are all red flags when investing in an ICO.Yet there are some altcoins like pesobit and Iconomi who got funded solely because of their solid road map and reputation.Today, 99% of ICOs are scam. If we invest in a scam ICO,we end up losing money. But,if we invest oj legit ICOs,we not only make money, but we will also feel proud that we have invested to kick start something which is going to change the world.