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RE: $600 Million Pincoin, iFan ICO Scam- Be Vigilant, not every ICO have happy endings!
In as much as ICO's can make an investor if things works out well, it can as well break investors should it be a scam.
That's the big risk I never consider taking at all.
I rather buy coins that are already exchanging and wait patiently for them to grow than buy an ICO I don't trust.