Recently, there has been lots of buzz around Envion ICO (Initial Coin Offering). During their ICO they have raised around $100,000,000 which is a huge amount. Still, many people are asking, “Is Envion a Scam Or Legit?”
There is one reason why some people think it’s a bit suspicious project even though they have a large and experienced team leading the development. Take a look at my video below to hear 1 important reason why I am a bit suspicious about their project:
What do you think about Envion? – Let’s discuss in the comments!
Anyway, the fact is that most crypto ICOs are very speculative and risky investments. There are some gems but most crypto experts say that only 1 out of 50 ICOs ever succeed in the long run. Still, I am researching potential ICOs regularly and I’ll invest in the best ones.
At the same time I build an online business with a simple 4-step process that you can learn by clicking the picture below:
To be honest with you, I have always have my suspicions when some crypto pops up and the way many are being mined nowadays make me wonder which one is good and which one we should run away from. I think you have a point by saying we should be careful of the ones we decide to put our investment.
Yes. Always need to be careful and if there are some big red flags, I just prefer to stay away.
However, some people say that they don’t want to be involved with the cryptocurrency world at all because there are some scams. In my opinion, that’s not a good approach either. It’s just being ignorant, right? They miss great opportunities because of their fear of scams.
It’ll be hard to say they’re a scam if they raised $100,000,000. If they we’re they’d be all over the news.
Yes. BitConnect was worth over $2,5 billion but it was a Ponzi scheme.
I am quite sure that Envion isn’t a scam at all. But that doesn’t guarantee profits for investors. There are still tons of risks, of course.
Never heard of Envion, therefore, I don’t know whether this is legit or scam. I have never tried ICO from any alt currencies. I try to invest only when the currency becomes strong in the market. The investment can be expensive at that point however, this creates less risk for your investment.
I also started by investing to cryptocurrencies that were already bigger and had a big market cap. However, recently I have been looking for ICO opportunities because they have a potential for giving huge return on investment.
What if these new alt coins never succeed? Furthermore, what if there will be no buyers for your alt coins when you have accumulated enough to sell and make money?
Many alt coins have a way to use them within their platform.
If the market says that they don’t have value, then there isn’t value. The market (and people) define the price. It can go up or it can go down.
It’s the same like with any other asset (dollar, euro, houses, apartments, stocks, gold, silver etc.)
Thanks @Roope for the informative clip and I very much believe and support people’s stance on thinking that nvm is a scam. The promise of profit is way too overwhelming and exaggerated beyond reasoning. Where on earth would one give you such benefits in profits over a short period of 5 years time of investment? Is absolutely far fetched, I wouldn’t have much trust in such scheme looking at how they are trying to sell it to people.
It will be interesting to see what happens with this project in the near future. It may be a legitimate project but I just got a bit scared of their chart that shows big earnings. Anyway, I will be following closely what happens with them in the future.