Post
Topic
Board Bitcoin Discussion
Merits 4 from 3 users
Re: Cheaters . who caused the cryptocurrency to go down
by
stompix
on 06/09/2019, 20:10:46 UTC
⭐ Merited by AmoreJaz (2) ,xSkylarx (1) ,BChydro (1)
I think there needs to be a company specializing in combating fraudsters.

There is one already and you have access to it, it's called common sense, just use it Tongue

IEO is a lifesaver for investors if not for this,

IEOs are just well-disquised scams, that's all.
So they pay a fee, you buy their tokens and....what guarantee do you have those tokens will be worth something? None!
But you fall for it because the useless token is already on an exchange and you feel like this gives them some kind of legitimacy. It doesn't.

Just because you know the team, you know where their office is, they are listed on an exchange, they are paying articles to promote themselves is not a guarantee it will not turn into a scam. Remember bitconnect?Centratech? How would have an IEO saved you from it?