Topic: Are you picky with ICOs? - page 104. (Read 13440 times)
Indeed i am picky with them. You have to be picky if you don't want to waste your money on a scam or a shitty project. We are seeing more and more ICOs everyday and most of them don't worth to invest in. If you wanna get in a good one you need to analyze the campaign very deeply and check the background of it. Only then invest your precious money to an ICO.
You better be picky or all your hard earned eth will disappear. Quite a few icos are outright scams and even the legit ones are equivalent to penny stocks and probably won't be around in a year or two. The best thing you can do is only invest in projects that have a product (not just promises) and a good, experienced team.
I avoid those get rich quick scams. Rather buy little bit more established coins with some growth potential. I bet 85-95% of these ICO projects will be dead after one year
Depends on your analysis and assessments. Unless you are just new to crypto? If you kept saying 85-95% of ICO projects are dead after 1 year since few years ago then you must be missing too many opportunities then.
Don't trust the so called "unique" ICOs. On paper they may sound groundbreaking but in reality they could be scams.
I avoid those get rich quick scams. Rather buy little bit more established coins with some growth potential. I bet 85-95% of these ICO projects will be dead after one year
Investing in ICO's is just like any other investment. You need to do your research.
These are the qualities i look for before investing into an ICO:-
- Strong team - Both in development team and also the CEO's / marketing (People focus too much on the developers which is important but not everything. no point having a great team to create something, if nobody can advertise it and push the startup in the right direction.)
- Realistic vision - not aiming too high or if they do not reach their target everyone who invested will be disappointed
- Solid whitepaper - Well thought out, shows realistic goals, a strong good vision and a plan of action
- Strong social media presence - A social media that shows they are connected with everyone
- Good customer support - Shows they care, and they have invested time and money into making sure the average investor can ask questions
- Good website - A business who is willing to throw time and effort into a good website are less likely to be a scam
- finite supply - ICO's with no cap can be dangerous and can simply just damage their own coin by releasing more for more investment.
-Market they are getting involved with - Is this a new market? or a dying one? who controls the market?
Finally
- Good concept and catchy name - A good ethos and a name that makes them stand out. Personally i would avoid anything that is something "coin".
If you are looking to spread your cash over a few coins, i would look into pre-sales as you can get more bonuses for your money.
One that caught my eye was Crowdholding, seem to be under the radar but slowly trucking along. I see them all of sudden smashing it.
https://ico.crowdholding.com/
These are the qualities i look for before investing into an ICO:-
- Strong team - Both in development team and also the CEO's / marketing (People focus too much on the developers which is important but not everything. no point having a great team to create something, if nobody can advertise it and push the startup in the right direction.)
- Realistic vision - not aiming too high or if they do not reach their target everyone who invested will be disappointed
- Solid whitepaper - Well thought out, shows realistic goals, a strong good vision and a plan of action
- Strong social media presence - A social media that shows they are connected with everyone
- Good customer support - Shows they care, and they have invested time and money into making sure the average investor can ask questions
- Good website - A business who is willing to throw time and effort into a good website are less likely to be a scam
- finite supply - ICO's with no cap can be dangerous and can simply just damage their own coin by releasing more for more investment.
-Market they are getting involved with - Is this a new market? or a dying one? who controls the market?
Finally
- Good concept and catchy name - A good ethos and a name that makes them stand out. Personally i would avoid anything that is something "coin".
If you are looking to spread your cash over a few coins, i would look into pre-sales as you can get more bonuses for your money.
One that caught my eye was Crowdholding, seem to be under the radar but slowly trucking along. I see them all of sudden smashing it.
https://ico.crowdholding.com/
You gotta be picky because you don't want to lose your money when it comes to money making decision.
Investment is done for probable profit, not being a picky on an investment would lead you to a loss.
knowing the advantage and road map and how the project will survive and have its edge from many different projects that has been introduced,
and most of all the dev behind is really important in choosing coins that we will going to support.
You gotta be picky because you don't want to lose your money when it comes to money making decision.
Investment is done for probable profit, not being a picky on an investment would lead you to a loss.
You gotta be picky because you don't want to lose your money when it comes to money making decision.
Are you picky with ICOs?
you don't want to pick ico with name like crapeatcrapskyhigh with self-moderated op or dev hidden their identity and claiming to be satoshi nakamoto or a team of one
Are you picky with ICOs?
I am more than picky. I have only joined a handful of them. Those that I think are really trustworthy and the pre-ICO is a very easy sell. Everyone of us should be picky when it comes to investing in ICOs. After all, many of them are scams. We will always end up picky if we do our part in doing due diligence.
Yes I am and everyone else should be also. A project must earn my Bitcoins or Ethereums.
Are you picky with ICOs?
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