ARE MOST CRYPTOS ACTUALLY--SCAMS?

Some people are surprised about why regulators are looking into many ICO's and cryptos as though they are scams.

The truth is...many are scams. Now, keep in mind. There are different categories of scam. The first is people that are out to blatantly trick, take money, and disappear. We learned this early on and so we put a lot of time into research and seeing what is really behind many of the cryptocurrencies. They pose as legitimate cryptos, and some can look very legitimate actually. Some are obvious...for example...its funny, but not funny...the story a couple of months ago about the ICO's lead designer being a picture of Ryan Gosling, the famous actor.

Image source crushthestreet.com
Now, the other category is on the borderline for being a scam. These are cryptos that maybe have a team and a plan...but no "real" plan to execute on their original vision. They may hang around for a bit, but eventually the card will get pulled on these. The nice thing is that if the crypto is already on an exchange, if it looks like the project is going south, one can just liquidate their holdings and get out.

So, make sure to be selective about what cryptos to hold or even trade. Even if a coin had good volume and movement for trading, it may not be one that you want to get stuck holding if your trading plan fails. In short, many cryptos are pretty scammy. Make sure to fold more hands than you play....say no to more than you say yes to.