Post
Topic
Board Altcoin Discussion
Re: How to avoid ICO scam
by
chainese
on 15/10/2017, 17:00:53 UTC
You will never be 100% sure if an ico is a scam or not. Of course there are indicators, some ico's are just so obvious that it's funny but others look extremely promising but then they suddenly fall of the grid. I don't really mess with ico's, I happily hold the majority of my assets in bitcoin.
I guess the best way to avoid ICO scam is not to invest in ICOs at all  Wink That's the only way to be sure. And it is not really as bad as it sounds. One may still explore the ICOs which seem interesting and invest in them when the coins are released. I think that mostly the prices don't differ much from what they used to be during ico when the coins start to appear on exchanges, whereas the safety obviously grows a lot since you can be sure you'll be able to sell the coins just as you were able to buy them.
And that's exactly what I am doing. I am yet to invest in one single ICO (and I probably never will), one time however I did come extremely close to investing a couple mBTC's into one but I ended up not to (I am very happy I didn't. This doesn't mean all ICO's are bad, not at all (the BQX ICO, for example, could've turned your 0.5 BTC into 10 BTC),but the majority of them are and that is a risk I am not willing to take.

So you can say the same about Electroneum? Wink