The virtual product angle scare me. The fact that we can not feel or touch the products we are paying for and we can not trace most of the offices of the developers offering the ICO. Last year was great for ICO until people started scamming with it. People will continue to loose money until laws are put up to monitor ICOs. I have not been lucky with ICO because all my investment in it has be listed below the price of purchase.
ICO last year is no different from ICO this year. It's just that bitcoin price went to a crazy pump last year therefore all ICO's are dragged with it's hype.
That
"virtual" product are present since ICO industry began. Honestly at most of the cases people are not really into the product or technology why they participate in an ICO but instead they joined because of pure hype that a decent return will come to them in the near future.
Law
..Because this is not a legal framework or a rule framework, the investments in such imaginary products can be very risky for this reason. Of course, high risk means high earnings, but you are not able to do any legal action when you are defrauded in your investments.
That's why ICO regulations become more of strictier now compare back then.
Correct me if Im wrong but in U.S it's now mandatory that ICOs based there should registered in SEC? If that's the case, Im seeing that it can give comfort to the investors that they can have a legal action against the ICO once it became sh*t although Im seeing a lots of regulations that's not meant for crypto.
Yes, the US now offers certain conditions for these projects and does not allow US citizens to participate in projects that have not met these requirements. I wanted to give information in general because I did not write a article for a single country. For that reason, I wanted to express the difficulties that all the world's investors can face today in the field of law. Of course, what you write is not wrong, but if you need to comment on the United States quite accurate and important information.