46% of last year's ICOs have failed already - page 30.

RandomNumberGenerator

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Quote from: Lerikaweb on February 26, 2018, 06:33:22 AM

Statistics is a cruel thing

but this is our reality. This is why we should learn every day, in order to be able to figure out such projects and stay away from them.

It does look cruel unless you read the first comment after the article:
"No I am not surprised. Because here in the USA, Bureau of Labor Statistics reports, 1st year failure is about 37% of all businesses with employees. That is rather misleading because the stats does not include sole proprietorships. In the USA, about 70% of all new businesses are sole proprietorships and their failure rates the first year are abysmal. "

So 46% vs 37% is not that big of a difference imho. ICOs are a good way to get funding for business, some will succeed some will not. It is also a good way to invest your hard earned money (after researching ICOs of course).

Dluretic

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The Experience Layer of the Decentralized Internet

This is really too much, which means that most of the ICO project is just a scam, these projects have not any value for investment, however, if the project can survive, so they will be some very good ICO project.

TheBountyManager

newbie

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This is a great news it only means that the ICO investors are doing their own research that is why most of these shitty campaigns are taken for granted because people already knows when the project isnt going to achieve,not unlike from the past where most of the investors are too lazy to research that is why most of the ICO investors are losing a lot of money.

GreenPowerRanger

member

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Thats a lot. But what you they mean by failed? A coin whos just less wort then the ico price? Because they are a lot of them. I would say a coin just fails when it has no value and the devs and team stop working on the project. Also a list with the name of all those project who has failed would be interesting. I think when they write this article on december, they would be 0% of failed icos Grin

kulakvlad

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Quote from: kenzawak on February 23, 2018, 10:08:44 AM

https://news.bitcoin.com/46-last-years-icos-failed-already/

46% of them are effectively dead already – despite raising over $104 million.
902 crowdsales... 142 failed at the funding stage and a further 276 have since failed

Situation with my ico is slightly better. But in general I agree with the article. I think that the situation will only get worse as the competition grows.

sunX3

newbie

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Like most startups, most ICOs also fail. Nothing you can do about that.

But on the other hand, I'm not really surprised to see that number based on the amount of scammy and shitcoin ICOs. I hope this will cause people to step up their game and introduce ICOs that are actually worth investing in.

Jarx

sr. member

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Quote from: deviltasha on February 26, 2018, 07:05:42 AM

Yes but some of them did not. The main thing about ico is to choose correct one and invest in good project.

You can tell that about literally everything - "how to run your own business? just choose correctly a good business" or "how to cook a good steak? ..." ... well, you got me.

deviltasha

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Yes but some of them did not. The main thing about ico is to choose correct one and invest in good project.

realcrypto

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We have to know that 50% of ICO will fail so do not expect 100% success. Always know that it is just a risk to invest in any ICO.

blozo

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I think is normal for all new technologies: we have ton of new projects, most will fail, few will succeed big (investing in one successful project should compensate 5 failures)

Jarx

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Quote from: kenzawak on February 23, 2018, 10:08:44 AM

https://news.bitcoin.com/46-last-years-icos-failed-already/

46% of them are effectively dead already – despite raising over $104 million.
902 crowdsales... 142 failed at the funding stage and a further 276 have since failed

The modern market is growing up but some guys trying to make money with the old ways - create a silly ICo and hope that people would bring their money. But they won't. Today the ICO have to be made py professionals and copypasting whitepapers, stealing the idea and pumpindumping the coin aren't working today.

visiblehand

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A lot more projects are basically dead on arrival. They have no plan for their business, no product that people need or no way to generate demand for utility tokens for their product. 95%+ of current ICOs are going to be pretty much worthless eventually. In addition to all the outright scams there are so many that just seem clueless about building a start-up business.

Lerikaweb

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The Fourth Generation of Blockchain in DeFi

Statistics is a cruel thing

but this is our reality. This is why we should learn every day, in order to be able to figure out such projects and stay away from them.

aoihs00

sr. member

Activity: 700

Merit: 300

Quote from: kenzawak on February 23, 2018, 10:08:44 AM

https://news.bitcoin.com/46-last-years-icos-failed-already/

46% of them are effectively dead already – despite raising over $104 million.
902 crowdsales... 142 failed at the funding stage and a further 276 have since failed

Lolz! Thats what makes me think that ICO are going to make us bankrupt soon enough. They are the one who are putting the shame on crypto currencies face. Off course why bank wont abuse the blockchain system if this continues in other way round. Failed 46% ICO is huge number as this means the money was almost equal robbed one from investors like us and it never circulated for the further developments. Thus, no development, no product and hence no launch of it for the selling and buying purpose. This explains how the chain failed further considering the economic circulation from investment to the product launch in the market.

hanlieuiypm9832

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wow, that is really a very high number, but I can see some projects are still working though the price is much lower than the ico price, I think maybe they do not fail, they just need more time to recover.

Javanewstar

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The Experience Layer of the Decentralized Internet

This is the investment of the ICO project risk, most of the ICO project without any value, only the meaning of hype, so when after the hype, the project to stop development is also a very normal thing.

y3v63n

jr. member

Activity: 252

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Quote from: kenzawak on February 23, 2018, 10:08:44 AM

https://news.bitcoin.com/46-last-years-icos-failed-already/

46% of them are effectively dead already – despite raising over $104 million.
902 crowdsales... 142 failed at the funding stage and a further 276 have since failed

It is inevitable. 46% per cent of failing ICOs is not that bad, IMO.

pugi2

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Activity: 286

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Quote from: Jobbernowl on February 23, 2018, 10:46:30 AM

Unfortunately yes. I have 4 coins bought on different ICOs last year. For each was spent 1 Ethereum, totaling 4 Eth. Now they all four together cost almost 1 Ether. But others were quite successful, even after I sold some, they continued to grow.

This is the risk of joining ico. It can be dead but it can rise too and nake huge profit.
46% is smaller amount rather than the rumor so far around 99%. In other side we are happy that the statistic only show 46% instead of 99%. But 46% also very high percentage so its not good enough

vincentong17

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What ICO's are you reffering? maybe this ICO's are lending platform might as well give us website or coins that are not exist anymore. So that our viewers will aware on it. But for sure some ICO's are good for long term and it should be well develop.

debuni

legendary

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Quote from: kenzawak on February 23, 2018, 10:08:44 AM

https://news.bitcoin.com/46-last-years-icos-failed-already/

46% of them are effectively dead already – despite raising over $104 million.
902 crowdsales... 142 failed at the funding stage and a further 276 have since failed

The market is unregulated and full of scams or project who are just after money.
This is because people are blindly investing without even reading the ANN, warnings, WP, etc.

From my 2017 stats, only 10% the ICO's I invested in are failures.

Topic: 46% of last year's ICOs have failed already - page 30. (Read 3872 times)