I had invested one ICO previously, it failed although I didn't contribute a huge amount on it. A news yesterday made analysis on blockchain ICO projects, mentioning 92% of these ICO projects are failed.. Should I stop investing the others or any really potential ICO suggest?
Hello Sir,
I think you mean that 92% of China based ICO projects are failed. I saw similar posts in some crypto news websites, but I think its more like FUD. Banks and government institutions doesn't like it and in my opinion a lot of ICOs which failed are basically scammers and behind them there is/are some banker/bankers or other person who is interested to make profit and to make ICOs look like scammers homes. One shoot two kills
. I recommend you to keep investing in ICO, but always make good homework, check backgrounds of the team, check website info, make research what they offering. Avoid ICO with promising like "invest now and you will get 3000% profit" or etc. I still trust in ICOs, because the biggest gang of scammers and fraud are bankers... If you compare bankers and ICOs by amount of money which was scammed from people, bankers are light years ahead .