Too Long; Didn't Read
So this article is not meant to scare people away from investing in cryptocurrencies and specially in ICOs (Initial Coin Offerings). If you are new to the crypto space, an Initial Coin Offering is equivalent to an IPO or Initial Public Offering for stocks. If you also do not know what that is, I’ll make it simple, it is when a company is trying to raise capital (more money) by offering a share of the company in the case of a stock, or a coin/token for cryptocurrencies, before the stock or coin goes into exchanges for the public to buy and sell. For the stock market, only accredited investors are allowed to participate in IPOs and you have to have a few million dollars as your initial investment in order to buy some shares.