Although my break still is ongoing.

This was the last straw, no more fake invest, gain and pull-out ICO/ ITO crap!

They hurt the real ones and the crypto market.

That there are those who want to spend a lot of Bitcoin on some dubious ICO {Initial Coin Offering}/ ITO construction kit service, well let them.But when they start to SPAM my post with replies of their scam ICO/ ITO {Initial Token Offering}, then that is the limit for me. And it pisses me off so much that the Steem member account that did it, just had my full 100% dedication, in downvoting! Yes, I flagged on purpose for the first time and did this full throttle, with a lot of anger backing it. Now it is hard to stop those who believe they can make millions by investing tens of BTC at an ICO/ ITO construction kit service. But I hope it is a 100% loss, because there is no company to back things up. There is no real technology to support it. So, that makes it just a VOID! And a void will never give a ROI {Return On Investment}, to those who invest in it.

The only weapon I have to counter these fake ICO/ ITO rip offs is my keyboard and a blog. And I know they are hard to spot because the services who construct them for several tens of BTC are creating the whole imaginary package. Website, logo, text, fake status updates on lots of Social Media, it is all part of the deal. And then there is the advertisements, all look the same, they have a pattern to them. The countdown clock, to trigger ones Fear Of Missing Out {FOMO}. But the only thing that happens if one clicks the [invest] button is Sorry That You Did {STYD}. Now there are genuine ICOs and ITOs, that have proven technology, that keeps one updated and so on, that have help from bonifide services. So, how to spot the real deal? Well, investigate, go through all available data, but remember even whitepapers can be constructed. But at some point it will be obvious that there is not real product, service or company to back it up.

Look for people who you trust and that have Prove Of Knowledge {POK} about these matters. Have a look into the real deal that has Proof Of Technology {POT}, like EOS for instance. See if there are known people from the cryptos realm involved. Everybody can put a greyscale photo on a webpage with a name under it. But who are they? And was there news about these ICO/ ITO projects on well known crypto news websites. Or to go short on this one: Know what you are about go invest in. It is that simple actually. And if it looks to good to be true, then it usually is. Also I noticed that there are these things about the websites and the text on it that makes the fake ones stand out, reveiling themselves, or it might be my experience to snif out the rats.

Just make sure you know, before you invest what you are willing and able to lose. And as always your speculation might be as bad or as good as mine. So I bought me some EOS. But flagged that Invest, Gain and Pull-out {IGP} ICO SPAM scammer hard, full 100%, that was for me the limit. And I know, it all comes with the ICO/ ITO goldrush, just like the coin construction kit service crap of 2014. But this wave of false ICO/ ITO releases are flooding the market and that is bad for business. It is bad for the cryptos reputation and is flooding Social Media platforms with fake messages. My 100% downvote will probably just be a small drop on a hot plate, but I will keep doing it, even if it takes down my voting power to ZERO %. (Just noticed it is a service at work, it got back to a reputation of 25...)

If we want the cryptocurrency market not to drop even lower, to even sub 60 billion, then it is our common interest to expose those scam ICO/ ITO releases and the services that create them. And in the meantime support the real ones, those who can proof they are the real deal. The ones that get a thumbs up from crypto experts. Those who have a team with known experts, investors, advisors and developers.

Thank you for reading, I will continue my break now, I think, but this I needed to get out there on the Steem blockchain...

Have a great one!

Market sub 60? No, of course not, but let us kick out the fake ICOs/ ITOs.

image cc-by-sa @oaldamster