Read this several minutes ago. We must be vigilant on what we are investing and must do some research or study first if the project that we wanted to join is legit or not. So sad that there are some ICOs who are just making money for their own sake. Because of this issues,
people becomes scared of cryptocurrencies and thinks that other cryptos that are legit are scams too.
http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/People should be scared of shitcoins. That's the painful truth! There's so many crypto scams out there that it can be compared to walking on a minefield. To put your money in, profit and get out requires you to take a number of steps on the minefield and chances that you'll blow yourself up are high. People are lying to themselves thinking they can outsmart the scammers and that's how it ends: in tears.
A whole lot of them and it is no longer about trying to see if it is a project that can be feasible anymore, it is about making sure you are investing your funds in the hands of the right team which a lot of people do not, which even at that, nothing is guaranteed.
So many of them even use fake profiles, some usually do not have any achievements and then I see a lot of investors still investing in such projects. It is a risky space on its own and it seriously takes being extra careful to be able to play safe, while still having it at the back of your mind that investing in ICOs is more or less a gamble. Apparently, we cannot run away from regulations after all, as it seems it is the only solution here.