Topic: Do you feel ICOs try to raise too much? - page 9. (Read 1770 times)
This time I really don't think ICOs will increase too much because the number of Crypto-Currencies are increasing since last year and until now and more to come next year. There are too many coins to choose from that's why the competition is tough and the only option today if you're going to invest to get more profit is only through Bitcoin because Bitcoin's price is continuous increasing while Altcoins are laying low flat for a long time.
Yes, I agree with you. I also think that there are some ICOs try to raise their target. About $30 million or $50 million. I think we should look for ICOs with under $10 million targets.
It is true that some ICOs asked for too much but some projects need more to finance the project. Usually you will get that money returned instead of see it disappear into thin air - depending on the ICO ofcourse.
Yes i know that they are raising too much money and investing more, additional to that they are also courageous on finding many investors and buyers of their coin, that is because they have so msny participants and they do not want to disappoint their bouny hunters by giving small amount
yes for some ico. sometimes ico are need a lot financing and they have write what the allocation of money for. so not all ico trying to rise too much money but sometimed to be big they really need a great amount of money to make their project success. for example real estate that need a great amount of money for their inventory and platform
Yes to me the more money an ICO raises it's almost worse than it not raising very much. Most of these projects have such little to start out with, only promises mostly. It's a receipe for long term failure and the devs essentially winning the lottery and taking their sweet time, if ever, to deliver on those promises.
Probably yes, that's the mean reason for making ICO and to have a successful project. Though some ICO doesn't reach their hardcap but it is considered to be successful since they finished their project.
But some of project owners become greedy , when they have received the money they just keep it and never look back to the people supporting the accomplishment of their project.
But some of project owners become greedy , when they have received the money they just keep it and never look back to the people supporting the accomplishment of their project.
I usually always avoid ICOs that are uncapped or have very high caps. I just feel it is much harder to see profits. Many of these projects with high caps usually drop below the ICO price when it first hits the exchanges, especially if they also offer bounty campaigns. This just messes up things for investors.
Hell yes they set out looking to raise way more than they need. In theory though, if they hit these targets that should allow them to expand their teams and we stand a better chance of seeing the project see the light of day .... or they scam you and run away with whatever they make. Due diligence should be done on the trust and reputation of the team before parting with any of your hard earned money.
I think most recent ICO projects are trying to raise too much money. And generally they can not raise that much. So I hope they do not do that.
of course they are expecting too much..
look at the ICOs nowadays.. minmum hard cap is 6 million
do we really need 6 million dollar to create an app or trading site which they advertise on their white paper?
This world is very open, no one can stop ico developers how muc they want to raise. They will raise as possible as they can. If you don't agree, they will not matter. ICO developers have team to raise fund. They plan the budget. The real ICO project will spend a lot of money too to develop the preparation for ICOs. I think no problem ICO raise too much money. look at the ICOs nowadays.. minmum hard cap is 6 million
do we really need 6 million dollar to create an app or trading site which they advertise on their white paper?
I agree, when you see ICO raising XX millions just for a whitepaper and a good team it's a bit deconnected from the current funding rounds of "regular" start-up.
That's a good point.
Sincerely i think that most of ICOs are rising way too much than what they really need..the most asked now is for their personal greedy needs..
Crypto is still a very wild environment..and many people out there are taking advantage of this over naive investors pockets..
But if you are lucky enough ICOs are still worth investing and one can still make substancial profits out of it.
Sincerely i think that most of ICOs are rising way too much than what they really need..the most asked now is for their personal greedy needs..
Crypto is still a very wild environment..and many people out there are taking advantage of this over naive investors pockets..
But if you are lucky enough ICOs are still worth investing and one can still make substancial profits out of it.
Definitely! I'm always flabbergasted seeing the amount of money they think is needed te start a business.
Maybe I'm missing something here, but I've seen 'offline' businesses start with just a 'few' bucks and some years of hard work in order to grow to a revenue that some app-developer think they need just to start coding. Ridiculous if you ask me.
Maybe I'm missing something here, but I've seen 'offline' businesses start with just a 'few' bucks and some years of hard work in order to grow to a revenue that some app-developer think they need just to start coding. Ridiculous if you ask me.
I agree that as a result of the ICO, they are trying to raise too much money and therefore often such an ICO does not achieve positive results. In addition, some of them are direct fraud and are held only for the purpose of collecting money. However, ICO as a whole is necessary, their ideas are sometimes very necessary and promising. Here you definitely need
Well, a project should have a target achievement. to make an ICO a success, I think the project must have a large capital. so, it makes sense if they need big funds, and high achievement.
That's right. If their aim is big enough, and then they can determine a high cap for their crowd funding. There is nothing wrong with this. But some projects are really abusing this obviously. They don't need that much money but they collect more than they need.
In my opinion some Icos can rise and much, of course they will not be all.
The Icos at the beginning of the year were of great value, but with the increase in Bitcoin and
Forks they stopped climbing.
Now we have to wait for Bitcoin to stabilize the value so that they start eating again.
We will have to have patience because it can take a while for them to go up again.
The Icos at the beginning of the year were of great value, but with the increase in Bitcoin and
Forks they stopped climbing.
Now we have to wait for Bitcoin to stabilize the value so that they start eating again.
We will have to have patience because it can take a while for them to go up again.
Hey, I'm interested in everyone's opinions on this. I find so often when looking for ICOs I come across something that sounds like a good idea but then am instantly put off when they all seem to trying to raise 10s of millions for something I would deem could be perfectly possible with only a couple of million or even less.
Do you feel that ICOs tend to try and raise too much? If yes, do you think this is out of greed for their own personal gain or simply because they over estimate the worth of their idea?
Do you feel there is anything we can do as a community to bring expectations back to reality? Other than waiting for ICOs to continually under perform and then eventually expectations adjust?
Do you feel that ICOs tend to try and raise too much? If yes, do you think this is out of greed for their own personal gain or simply because they over estimate the worth of their idea?
Do you feel there is anything we can do as a community to bring expectations back to reality? Other than waiting for ICOs to continually under perform and then eventually expectations adjust?
I agree with you. It started out as a great idea but quickly became a money grab. There are some good ICOs out there you just really have to do your research and pick wisely.
not all ico are scams. companies need to raise money to fund the project. but look for projects with products already in beta or very close to it.
Well, a project should have a target achievement. to make an ICO a success, I think the project must have a large capital. so, it makes sense if they need big funds, and high achievement.
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