Topic: ARE ICOs and EXCHANGES PLAYING GAME OF DICE WITH INVESTORS?? (Read 93 times)

Recently, I have pondered on some issues within investing into ICO  and how they get listed into the exchanges. Let me assume that my exploration into the Cryptocurrency is not that a long time yet, but that doesn't surpass my knowledge that ICO can actually make you a quick buck of returns.
This idea had made me delve into as much ICOs as I can, but it has been a disappointing experience so far. A situation whereby i invest 1000$ and when the token is listed into the exchanges, I get back 250$. This is so far traumatising and made me feel want to runaway.

I have partook in other projects which has brought good returns such as "Credits'. But these days, I think we have the ICOs that doesn't care about how investors feels. They launch into the exchanges with a very low rate and expecting that investors be happy and some promising that the price will increase once they gain market liquidity. I can as well point to few examples but I wouldn't want to mention names for the fact that my post can be flagged and reported.

On the other hand, when you try to express your grievances to the the team, they make you understand that they do not control market, but need they remember that they control the original price which we all purchased their tokens. They founded the project, sold the tokens to generate money and then make their proposals known to the exchanges for listing. If the faults were from the exchanges, aren't they visible enough to know how much the tokens were sold, and not to have listed it below the original price? This is a question for another day. 

When dumfounded and had nothing to say, they immediately blame it on the current drop of Ethereum and other Altcoins. In due diligence where am open to corrections, I have noticed that the increase in the Ethereum price and other Altcoins does not guarantee that the Token price will soar in the market.

This experience has opened me to series of research and analysis in the Cryptosphere, and I have not stopped. It's better to be informed that loosing out my hard earned funds.   

In overall, I have concluded to always check for the best projects available, making friends from all over the world for suggestions on which is worth investing into and doing the "due diligence"  research.



Please, kindly reply with your suggestions. Also, if you find this as an experience, your Merit will be well appreciated. Thank you.