Topic: Do NOT buy ipo, ico, ito if the devs don't have a working beta ready (Read 1667 times)

OMFG why the hell does it have to be explained endlessly why ?

even if you don't know ? WHY is stated ever day on countless topics.
and are you guys all still playing dumb ?

dumb or dishonest (or both) ..not much more to see here

if you guys are that dumb that you don't get why bad is bad then just keep it up and see what it gets you..

hint: your already seeing the result and it's gonna get worse too !

Because it's usually a scam and the dev usually runs away with the ICO bitcoins without producing the wallet he promised,

why not buy ico?? for short term ico good for take profit.

All ico - ipo and shitty coins dumped hard after a while, all of them are scams. To do a proper ico or psycho the Dev should already make a big investment and prove it and then attract more real investors.

That is a very valid point, however, a lot of devs run an IPO to get paid for launching such a service, but I think, they should be ready to pitch in their own money for the same, and only run an IPO after proving worthy of it.

@OP
A great idea !

Problem is this advice is only applicable for a certain amount of us.. the honest guys !

Those of us around the scene that are NOT honest couldn't care less if a wallet is EVER made.
just so so long as they make some Bitcoin profit.

This distinction is one point i have harped on endlessly...
and no matter what, you all take turns talking like "the problem" is guys getting "tricked".
I think *some are ..yes.

But in my view the majority is not getting tricked and they simply don't give a shit if it's a scam/ponzi/pyramid scheme as long as they make some Bitcoin profit off of it !
and THAT is the problem.. the fact some guys (the minority) is getting tricked or not has nothing to do with it all.
if they don't intend to support a long term plan for a real digital currency then yes i do consider them to be ..
- Ponzi schemes
- Pyramid schemes
- Multi-level marketing schemes
- Scams

You honest guys out there need to smarten up and drop the trolling, defensive cheerleading fanboy garbage and realize there is seriously evil nasty guys among us
that do not care about any of this crap at all and that they are ICE COLD greedy mother fuckers !

If it makes Bitcoin and alts worth $0 by the end of the year they will set the scene on fire..
as long as they can buy a Rollex and BMW to brag about on Twitter   ..guess what scammy piece of shit "Pumper" actually did that ? LOL

wake up.. maggots control this scene !
think of it as a 51% attack.. *enough of the population are selfish greedy people willing to support Scams / Ponzi's
they don't care if a wallet ever existed as long as they can flip coins on an exchange for a Bitcoin profit they don't care.
The majority controls the momentum of the scene !
if *most people do something then the rest of us are powerless to stop it.

it's up to all of us to look in the mirror and think about the ramifications of our behavior.
What we do when no one is looking is what counts.. if each guy thinks, it's ok i only support scammy shit a *little
then it's all fucked and doomed /period.

and guys this scammy Altcoin shit is going to bring nasty regulation down on us all, as well as continue to take a fat dump on Bitcoin's reputation ..i have said for a year+
And the scammers / ponzi pushers don't give two shits.. they will cash out and leave..... leaving those that stay to clean up the mess and deal with nasty regulations etc.
So don't support guys that will stab you in the back destroy the scene and cash out.. it's just dumb, and when you think about it, NOT in YOUR best interest. 

In our case (or ARCH for example) price is determined by the amount of BTC invested divided by the amount of presale coins, so investors determine the price.

And a greedy dev point in ICO/IPO/... is well ... name a dev (on altcoin scene) who will spend his time developing stuff out of goodness of his heart (except for those working on bitcoin - though here we have a prestige role and is not altcoin of course). I'm not saying there is none but people do stuff to make money not to pickup the crumbs. So a dev will find a way to make money of his work, and "you can take that to the bank and cash it" ... Not that it's anything wrong with coin devs making profit if you ask me, but a lot of them are making it in the wrong way.

Well a working beta should be available for download. If you have fancy features a beta should be ready with those features in it.

New coins with new advanced features might have cornered the market even if an IPO dev actually produces a working wallet after a few months waiting.

the difference is that the price is set by (greedy) dev instead of being decided by the market... so in most case you just buy overpriced altcoin without dev support (since in most of the case the support stop within a week of the IPO). Before we were worrying about the premine but with IPO/ICO it is exactly if the premine had been already been dumped at peak value... (and everybody seems happy with that...  )

I agree demo isn't proof of anything, same as working wallet - if it has no awesome innovative feature, wallet is a copy paste job, you don't even need to know c++ to do it.

Lets say someone invested a few BTC in to an ICO/IPO/ITO or whatever ... how is that different from buying a few BTC worth of any altcoin on the market?
95% of coins has absolutely no use except for trading.

The new rule should be: Don't buy IPO. They are just scam (pyramidal or ponzi scheme), which also affect btc price as those people dump their easily earned btc without having to care of its price.

and quite frankly if anybody is stupid enough to give money to a dev which doesn't have a working wallet... I think it is quite ok to milk them... because no matter what could happens they will lose their money  

and if btc are burning that much your pockets, you can always send to my signature.
You'll get a real thank you, which is priceless

ICO/IPO/ITO are all high risk/high reward.  If you do your research they can be big money makers.  Yes, a demo would help, but it can be faked just as easily as a lot of other things.  As always, DYOR.

I know why you started this thread, and yes I agree that most ICOs are scams, but there are some good ones out there (or good potential ones, with good intentions).  If you're a day trader or hoping to gain mad profits quickly, then yes, don't invest in an ICO if the tech is not working.  I invested in "that" ICO to support the project, knowing that initially I would probably lose some of my investment.  I'm fine with that because of the people behind the project, and I'll eventually have it back.  They needed to raise capital to begin development on the project, and that's what I gave them.  Sorry you didn't see this from the beginning, when it was STATED from the beginning.

i agree with this, developer taking all the money and investor taking all the risk, and why should we be taking all the risk for a coin backed with nothing but promises and thin air?
some feature at the roadmap need to be deliver before ICO. YES for this one

Yes 4 months passed and other project come down the line making people forget about rootcoin, always ask for a working beta, if there isn't one don't buy, because the price will go down hard after the sells if the coin gets listed on exchanges.

For sure.
For example, bitsta and his ICO project ROOTCOIN.
4 month has passed and he didn't do anything for his coin.

Do you know what ICO is ... because this thread talks about ICO and IPO.

Well said.

Our market had enough scams, IPO, ICOs and all kind of money collecting actions. Because of the broken promises and scams, there are no new money and investors coming to this market.

Enough is enough.

why not buy ICO if i know that coin will be up and i can get more profit?
yesterday i buy some maryjane and i get more than 100% profit
and i buy VOcalcoin and i get 100%+ profit too