• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

Junson Chan

Let's Keep The Memes Going - One Dream At A Time

  • Fake News Hoaxes List
    • Who Am I? Fact Check Actor Junson Chan
    • Whitelist
    • gaslighters
    • Where To Buy/Retire On Gold
    • Privacy Policy
You are here: Home / Bitcoin Finance News / Initial Coin Offerings (ICO’s) Are Mostly Scams

Initial Coin Offerings (ICO’s) Are Mostly Scams

June 25, 2017 by Junson Chan

http://www.zerohedge.com/news/2017-06-25/bitcoin-buyer-beware

It’s almost like the HYIP scam world all over again.

Initial coin offerings are what they sound like and you expect them to be. They are IPO’s (initial public offerings) that are completely unregulated. So that means sharks, fraudsters, thieves, and all sorts of scammers will come in, doctor up amazing graphics and dreams of limitless ingenuity, but they have no infrastructure, you don’t know who the people are, and they ask for a shit ton of money up front.

So unless it’s coming from a reputable website or person that has been active and YOU’VE seen them do their work RELIABLY online or in real life for say, 1 to 2 years, just assume all ICO’s are scams. And even if they do fulfill this randomly generated criteria I just made up, the “legit” people or company can be in the process of SCAMMING YOU.

I suppose an exception to this is if the ICO itself actually generates money via proof of stake, then at least it has some inherent value. But don’t invest too much into it; most ico’s go bust after they steal everyone’s money or their “project” fails.

Bottom line, stay away from ICO’s unless the person or company offering it is extremely legitimate like gab.ai or  walmart offer an ICO. Then if they do go scam you can at least retaliate by lawsuit and boycotts/fed involvement etc. The rule is if you can’t retaliate (legally and practically) against the ICO offerer then the ICO is probably a scam or will become a scam as there is no recourse for you. Mine your own bitcoin and altcoins instead if you want money.

Check out my latest book, Mine Bigly – How to earn 200%-808% percent returns mining bitcoin for less than $5 a month in electricity costs because it’ll change your life and you won’t have to invest in scams anymore.

Filed Under: Bitcoin Finance News, Hyip Bitcoin Ponzi Scheme Scam News

Reader Interactions

Primary Sidebar

Articles without “news” tag are long, information posts to teach you stuff. “News” articles are short opinion pieces

  • Bitcoin Finance News (10)
  • breaking conservative news (937)
  • China (1)
  • deep state (3)
  • donald trump (47)
  • fake news outlets (29)
  • Free Bitcoin / Crypto Currency Giveaway News (13)
  • gop (6)
  • hoaxing lying media (27)
  • hollywood (8)
  • Hyip Bitcoin Ponzi Scheme Scam News (331)
  • illegal immigration (10)
  • radical islamic terrorism (10)
  • solutions (3)
  • twitter (5)
  • underdoges (6)

Twitter Updates

Tweets by realjunsonchan

Archives

  • January 2021 (1)
  • September 2019 (35)
  • August 2019 (108)
  • July 2019 (117)
  • June 2019 (130)
  • May 2019 (124)
  • April 2019 (108)
  • March 2019 (114)
  • February 2019 (116)
  • January 2019 (19)
  • June 2018 (4)
  • May 2018 (15)
  • April 2018 (24)
  • March 2018 (17)
  • February 2018 (25)
  • January 2018 (30)
  • December 2017 (30)
  • November 2017 (26)
  • October 2017 (25)
  • September 2017 (35)
  • August 2017 (43)
  • July 2017 (56)
  • June 2017 (37)
  • March 2017 (2)
  • February 2017 (5)
  • January 2017 (14)
  • December 2016 (47)
  • November 2016 (6)

Junson Chan Address

Attn: JC

1337 Police Plaza Path

new york, ny 10038

Basement c-130

phone (six 4 six) six one zero – 5000

Copyright © 2021 · Genesis Sample on Genesis Framework · WordPress · Log in