Quote from: TheWolf666 on August 29, 2017, 12:37:31 PM

Today the SEC sent an alarm again about ICO pumps and scams: https://www.coindesk.com/sec-warns-public-companies-using-icos-pump-stocks/

As a day trader, I can see it everyday, scam after scam, the altcoins are in suicide mode.

Today we reached the higher capitalization ever, thank to ETH going up to $360, but on the altcoin side, there is nothing happening, no money to make. Why?

Investor do not trust the altcoins anymore.
- Gnosis, prediction market my ass! Today's volume is 0.002 BTC and it is amazing because usually it is 0.00, the reason? There are only 2.49 GNO to trade! This thing is dead, and it is just a matter of time until it is delisted from the exchanges.
- SNT, Status who almost crashed ETH, same team, same scam... so the small app worth a couple thousands $ to develop is sending ETH. Wow, they call that an OS? And Gnosis will be included into this thing Q4 2018? What a joke, if Facebook or Whatsapp decide to include ETH they will do it better and smarter, nobody is going to switch to Status App apart the couple thousands of idiots who are still holding their tokens... Check the SNT value! This time they decided to give all the tokens in the hand of the traders, billions of tokens, and they are worth nothing.
- EOS: best scam of all, raking from BTC, ETH everything, they are hungry of your money, massive amount of money in their pocket for what? A bunch of bs papers and another coin. Do anyone need 300 Million $ to modify the Bitcoin or the ETH code and make another coin? Scam, the EOS token is worthless even before the end of the crowdsale.

Simply said stay away from these teams of scammers, their company is in Seychelles, their videos are fake, everything is fake, there is no traceability. It is modern robbery at its best.

etc.. etc...

I have tried to make my own token, I have published a press release about doing an ICO, and the sharks contacted me.
- fake video in a fake office with actors: no problem.
- 40 pages of glowing audit on anything you want: no problem.
- your press release on every twitter, ico alerts etc... : no problem
All you have to do is to pay. $3000 here, $4000 there... with a $20,000 budget you can make another ICO about anything, and get everywhere, with an actor posing at you, in a big office and many people you don't know.

All these Russians scammers are killing the altcoins, real investors with real money are not that stupid, they are out of the game, hence the volume that is awful. They are not going to invest in scams, and white collar video with fake offices and actors do not impress them.

The dude who is trying to get rich with Crypto is the one who loose.

In the trollbox: buy this, buy that.The scammers are motivating the crowd, and when the coin get high, these same people are selling their ICO coins or their millions of self created coin in exchange of the wedding money of this dude who do not understand the game.

So Altcoins need to be regulated or big money will stay out of the game.

Do your research, invest in real business models that can make real money, check that the people are real, have an office and are working.

Yeah, scams exist everywhere, but i am more interesting on this

I have tried to make my own token, I have published a press release about doing an ICO, and the sharks contacted me.
- fake video in a fake office with actors: no problem.
- 40 pages of glowing audit on anything you want: no problem.
- your press release on every twitter, ico alerts etc... : no problem
All you have to do is to pay. $3000 here, $4000 there... with a $20,000 budget you can make another ICO about anything, and get everywhere, with an actor posing at you, in a big office and many people you don't know.

Do people offer such service just to launch a fake ico and etc?