Topic: Do not invest in ICO anymore. Do not Feed scammers - page 4. (Read 4985 times)
There are still genuine projects with vision to advance their MVP to a usable product that will make impacts using blockchain technology, but don't have required funding, how will they go about it? Free will donations? Crowdfunding is the answer here to be candid. Well the best forms of crowdfunding right now in crypto is IEO. Also STO for existing companies who wish to sell equity shares.
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 ?
You actually foresaw what is happening now. The era of ICO has completely come to a close and has been overtaken the the uprising of IEO. Scammers might still be able to find their way around this new development but it will be minimal. 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 ?
With the increase in the number of scam tokens, it is very difficult to decipher which project is good or scam. But there are still projects out there whose technology and idea sounds amazing. If we stop funding ICO's, then they must look for ways to make the project successful.
That might be many coins out there but it is in my thinking to classify all new icos as scams. There are still new projects that have something totally new they want to offer the crypto-currencies space.
I stopped investing in ICOs long time back. It is not worth to take the risk. I may revisit my decision only if the market shows a remarkable rebound. But the chances are low, and investors continue to lose money in fake projects. And another thing is that nowadays almost all the projects are overpriced. It is surprising to see shitty projects asking for a hard cap of $200 million.
You put yourself at a high risk in investing in ICOs because there are lot of scammers in ICOs now hence you need to be careful now when investing.
Recently, I read the terms for IEO in Binance and found out that new projects, in addition to providing detailed information, must make certain contributions in the amount of about 25 Bitcoin or even more. I am sure that the bulk of new projects, I am not talking about scammers, will not be able to provide such funds.
You put yourself at a high risk in investing in ICOs because there are lot of scammers in ICOs now hence you need to be careful now when investing.
ICO investment now has been dangerous since there are scammers in cryprocurrency. You could lose your money if care isn't taken
ICO investment is always a risky business so you have to understand the possibility of losing money. but also you can receive a huge profit from ICO investment.
Well just now, but does not make sense as the market fell when these projects who ran on the ISO do not do not STOT,or a penny,and normally used to cost money,so everyone who invested or is bounty doing these projects,they have the credibility of ISO is completely gone
i think you have a point on this, these ICOs are not worth investing in because most of them are scammers that window dress their project to look legit just to attract investors to invest in them, statistics have it that 80% of all the ICOs in the year 2018 were scam. If any project wants to launch they should try to raise money from venture capital firms, or launch the project themselves without ico and them carry the community along with airdrop or bounties. if the project is good enough it will succeed and command demand.
Investing in ICO does have a risk and there is definitely a scammer ICO. On the other hand, not all ICOs are scammers. If there is a good project and potentially why don't we invest there. The important thing is not to arbitrarily invest in ICO because it is better to analyze in advance so that you do not get a scam ICO. That is important, because not all ico are scams.
ICO investment now has been dangerous since there are scammers in cryprocurrency. You could lose your money if care isn't taken
ICO or the type of investment that is happening now (IEO or whatever), I don't trust any kind of investment in crypto. they are all the same, only using different investment methods. I say like this because I have suffered a lot of losses when I invest.
They are far from being trustworthy. Anyone investing ICOs is just enriching them. I'm yet to see the need for the millions they have raised over the years. No exceptional product has been released that we can say is worth a quarter of the millions raised.
It will be quiet hard since there are still some real ICO's out there even though the bad ones outnumbers the good ones. We just have to be selective and choose carefully to avoid falling as victims.
I agree with the opinion that at the present time it is very risky to invest in an ICO - you can lose the money invested. Many projects are fraudulent.
The rate at which Scammers are multiplying in Cryptocurrency is very alarming and really getting out of hand and it's making most of the participants to lose hope on Cryptocurrency.
A new measure needs to be taking.
A new measure needs to be taking.
ICO or the type of investment that is happening now (IEO or whatever), I don't trust any kind of investment in crypto. they are all the same, only using different investment methods. I say like this because I have suffered a lot of losses when I invest.
We must know that not all projects will raise funds through IEOs as it comes with its demerits too for the developer. ICO remains the traditional way of raising funds for projects and instead of preaching hate against it, we should rather develop a scam proof process for ICO launching
Why? For quick earnings just need to invest in ICO. It's a lot easier to trade in the market, especially on the bear. Choose simply wisely the project, do not invest in pure shit. And do not invest the entire amount in one project, this step can cost you very much.
What you say is completely true. There is nothing wrong with investing in the ICO because investment in the ICO can be said to be able to get a profit. As you say, choose wisely the project we want to invest and don't invest in just one project. Therefore investment inico is not a problem, provided the project is good.
Why? For quick earnings just need to invest in ICO. It's a lot easier to trade in the market, especially on the bear. Choose simply wisely the project, do not invest in pure shit. And do not invest the entire amount in one project, this step can cost you very much.
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