Topic: Do not invest in ICO anymore. Do not Feed scammers - page 25. (Read 4981 times)
No, I do not agree with you. There are also ICO projects that are quite promising and that have already achieved a lot and such projects are still emerging, but unfortunately there are few of them.
If no one invest in ICO, who would then? ICOs are just like fuel in the crypto space. They are the ones giving crypto more popularity and withspread dissemination of info.
I think you have not done a genuine project that would that would make one to be astonished by their activities.
I think you have not done a genuine project that would that would make one to be astonished by their activities.
OP already mentioned that it should be funded thru Venture Capital instead of an ICO. I think it is also a valid suggestion since well-off investors will definitely screen all these blockchain projects on a different level than small investors do.
I agree, that nobody should feed the scammers, and so they would just stop trying after a time. But a huge part of this community does not have enough wisdom yet, to make proper decisions. Anyways, there are many ICOs, which are not scammers, and I would not blame them, just because other's dishonesty, I believe many ICO has a good intention.
If you can't tell the difference between a good ICO and a scam then you should definately not be investing. For those of us who can tell the difference there are great opportunities to make money. But you are going to have to learn to do proper due dilligence if you don't want to fall victim to the scammers. The reason so many scammers are attracted to ICO's is because the kind of money being made also attracts greedy stupid people who don't know what they are doing.
As far as i know among all of those scam project there is a real/legit project that most people waiting. So it won't be a good decision to stop investing on all kind or ICO, what we have to do is selecting those ico carefully so the chance to invest on some scam ICO will be avoided.
The situation now is specific and causes some excitement,but all ICO should not be considered as fraudulent.There are proven teams that create a good ICO with a quality product and I think that they will succeed and such projects can be invested
Investing into icos is a very risky venture and before you go into it you should seek for financial adviser that should guide you in other not to invest into a scam projects. Actually most of the projects we have now are scams and investing into them is actually empowering the scammers to keep bringing out scams projects.
this will also eventually stop. as you can see it is being slowed down drastically as the scams became severe and clear to everyone. but like always there will be gamblers who will ignore all the warnings and still participate in the scams letting these ICO scammers take their money and run away with it. but as they also lose money they will also stop at some point and we can finally close this dark chapter in cryptocurrency market and put an stop to the ICO nonsense.
although you shouldn't be happy about it because that means a new method of scamming will emerge soon after ICOs died!
although you shouldn't be happy about it because that means a new method of scamming will emerge soon after ICOs died!
You don't right. There are projects that have developed (already) products but they need funds to speed up marketing.
So they should just get funded by VCs, Why do they need tokens & billions of USD? Even 1 million $ is enough for every single project!How much was the Whole ethereum project hardcap ?
ICOs cannot keep robbing people with white papers. 99% of icos scamming people! For example Recently GoNetwork basically did that. Raise 50 million and now have market cap of 3 million. And they have absolutely nothing to show for it.
they are targeting out 10-100x Ico investments returns and that's the main reason why but if we do compare on the investment activity it becomes more lesser due to current market condition and sooner or later even legit projects will really be affected.
I agree with some of your statements that it is really not suitable for investing in ICO, because there are too many fraudsters here, they make a lot of shitcoin and then start to lie to everyone. But at the same time, I also believe that there are still some real teams doing some useful research. We can invest in such ICOs, but now it is difficult for us to pick them out among the many fake ICOs.
You are the solutions to find good ICOs, should the investors must understand about the analysis fundamental of ICOs projects before makes investment in the ICOs, it will reduce the risk losing of money in ICOs also we must use around 20% of our capital in ICOs investment (it is called management of money and risk in investment in the ICO) if the people know about it there are no blaming of ICOs projects, due to they know how to choose good ICOs. ICO era is gone! Stop feeding serial scammers. Stop funding these cash grab nonexistent projects.
The World Do not need new tokens at all. We got enough shitcoin for next 100 years.
Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!
ICOs should just get funded from VCs and do an airdrop to community.
Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.
Im 3 years in this field and strictly advice you do not invest in any ico at all.
What Do you think guys ?
I can't fully support on your opinion to stop investing in all kind of ICO, there are people who build a project with honestly they are truly making the project.The World Do not need new tokens at all. We got enough shitcoin for next 100 years.
Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!
ICOs should just get funded from VCs and do an airdrop to community.
Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.
Im 3 years in this field and strictly advice you do not invest in any ico at all.
What Do you think guys ?
So i really against your thinking about stopping to invest in ICO.
I agree with some of your statements that it is really not suitable for investing in ICO, because there are too many fraudsters here, they make a lot of shitcoin and then start to lie to everyone. But at the same time, I also believe that there are still some real teams doing some useful research. We can invest in such ICOs, but now it is difficult for us to pick them out among the many fake ICOs.
ICO era is gone! Stop feeding serial scammers. Stop funding these cash grab nonexistent projects.
The World Do not need new tokens at all. We got enough shitcoin for next 100 years.
Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!
ICOs should just get funded from VCs and do an airdrop to community.
Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.
Im 3 years in this field and strictly advice you do not invest in any ico at all.
What Do you think guys ?
Big part of me agrees with you. I also think it is now time to focus on the development phase rather than opening a new concept and leaving those previously successful ICOs behind. But still, I can see some good ICO just like what I am wearing right now. The World Do not need new tokens at all. We got enough shitcoin for next 100 years.
Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!
ICOs should just get funded from VCs and do an airdrop to community.
Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.
Im 3 years in this field and strictly advice you do not invest in any ico at all.
What Do you think guys ?
ICO era is gone! Stop feeding serial scammers. Stop funding these cash grab nonexistent projects.
The World Do not need new tokens at all. We got enough shitcoin for next 100 years.
Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!
ICOs should just get funded from VCs and do an airdrop to community.
Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.
Im 3 years in this field and strictly advice you do not invest in any ico at all.
What Do you think guys ?
What you were saying is so much unfair, cause there are good/real projects among those scam.The World Do not need new tokens at all. We got enough shitcoin for next 100 years.
Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!
ICOs should just get funded from VCs and do an airdrop to community.
Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.
Im 3 years in this field and strictly advice you do not invest in any ico at all.
What Do you think guys ?
You can't just generally judging that all project are scam. Its just like you were saying that everyone in a crowd is thief, that way the good man among them will be angry toward you.
This year has indeed become a bad time for the ICO. But behind that ICO quality and which indeed have the potential, there is still to follow. selective in choosing the ICO into mandatory things that must be done to avoid a scam there is. than just silent and not invest better learn to analyze the ICO to obtain better results.
if all people not invest ico again
all ico project can die, maybe bitcointalk forum visitor can much reduce, and then only few visitor
all ico project can die, maybe bitcointalk forum visitor can much reduce, and then only few visitor
There is a lot of truth and facts in what you said, the reality is a lot of ICO is just made to raise money, money that is not really needed to build the project, you will see projects with a hard cap of $10 million and when you look in there product you will see it can be done with just a few thousand.
The current ICO model needs to be changed a lot of things need to be done to protect investors, or sooner or later all the investors will just move on to something that can offer them some way to protect their capital.
The current ICO model needs to be changed a lot of things need to be done to protect investors, or sooner or later all the investors will just move on to something that can offer them some way to protect their capital.
Even they have a lot of ICO who are prone of scammer or possibke to become scam. They have still some ICO are really worth it to invest. Investing to iCO need to take a risk so invest only the money that you can afford to lose but you can avoid iCO who are scam by doing research and following most people because the more people investing one project hey will know that is legit.
It is true that there are scams, but there are also many good projects, if I'm not mistaken ethereum was an ICO, equal to EOS or NEO, and now are very promising currencies that many investors consider when putting their money in the market, of course, there are scams, but it will depend on everyone whether they let then scam you or not.
Do not invest in ICO which is a stupid choice. ICO is one of the fastest ways to earn a profit. Unlike trade, ICO can get you big profits after the Token is released and listed on the first exchange. So ignoring the ICO is by itself losing its chance.
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