Post
Topic
Board Beginners & Help
Re: A simple search could save lot of money from ICO scammers
by
BuyBuyBitcoin
on 04/03/2019, 22:48:47 UTC
Or just don't invest in ICO's for a decade or two  Roll Eyes

They aren't investment opportunities as much as scammers want people to believe they are. Until there is some regulation on the ownership of companies like and shareholders rights through ICO's (their aren't any currently), these it is best to stay away from.

Some pretend it's an unregulated stock market, which allows for partial ownership of a company. Initial Coin Offers are just non-refundable, zero ownership rights tokens to represent something a "team" plans to build. Whether they build anything or even have a good idea are vague at best with most of these.

It's a great way for people who can't raise money through IPO's, banks or venture capital to pretend they will start something and basically steal people's bitcoin.