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Topic: Do you fund ICOs ? - page 2. (Read 679 times)

sr. member
Activity: 1050
Merit: 377
August 20, 2019, 06:14:18 PM
#55
There is no reason to expose your funds to danger by investing them in a random unknown ICO.
Obviously, projects like BTT are top-end on the market and it doesn’t matter that the project conducts ICO at that time or IEO now, it would have collected a huge amount of money and would have been successful.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
August 20, 2019, 05:26:10 PM
#54
I invested in 1 ICO back in 2017, and it was failed one , that thought me a lesson.Fortunately i only lost 100 USD.
If you invested in the last quarter and decided to hold, then that's a guaranteed loss at that time the market is in bull run and therefore the price has reach its peak, sometimes because we trust the long term potential of the project, we failed to sell it with timing even at times that we can already make a profit on it. If you your coin now is trading in big exchanges and has a great volume, I suggest that you still keep monitoring your coin, it's just down now but who knows it will recover in the future.
Majority of us really use to think that it is best to hold these altcoins for a long term before we realized that most of these altcoins are actually best to be held for a short period of time, because most of the investors in those projects has committed big money and they will move it out as soon as they see any profit in it. So, altcoins will always rise and fall many times and may not continue to grow as we want it.

The best for altcoins is to buy when they are low, and then sell when they are high, the we buy back again when they are low for many possible turnover, that will only be valid with projects that are with real working product though, because we have some projects that once they dump, they will not rise gain till maybe God knows when.
We can't buy altcoins price at its lowest but as it continues to go down, we know it's already dipping and that gives us an opportunity to buy at a very cheap price. Actually last year was the worst year for altcoins, this year there's a slight growth but it's still dependent with BTC as they fall also when BTC falls.
As an investor, we like to sell early as possible, but this market now does not allow us, so we have to choice but to continue to hold and wait for the right timing, if that doesn't come this year, there's next year where we will again expect, we continue to be optimistic but we don't loss our faith because when we invest, we HODL.
hero member
Activity: 3052
Merit: 651
August 20, 2019, 05:21:07 PM
#53
It may not be the best but there are a lot of stories that have made their lives successful in the usage of ICO.
Yes, now money is needed for ot start and ICO like company and also than means putting the coin in an exchange a gains.
Yeah, that and that just for registration only. They are not even in the market yet.

Different eras with the new solution by now of IEO's to prevent scams. I do think ICOs just didnt see that before. But now we are upgrading maybe it is time to gun again.
hero member
Activity: 2856
Merit: 644
https://duelbits.com/
August 20, 2019, 05:10:18 PM
#52
Why not?
this is part of a profitable investment, with a few notes. investments must be based on good project analysis and future benefits.
real projects provide big innovations in the blockchain industry, and of course we are involved in them.
hero member
Activity: 2646
Merit: 582
Leading Crypto Sports Betting & Casino Platform
August 20, 2019, 02:25:25 PM
#51
I invested in 1 ICO back in 2017, and it was failed one , that thought me a lesson.Fortunately i only lost 100 USD.
If you invested in the last quarter and decided to hold, then that's a guaranteed loss at that time the market is in bull run and therefore the price has reach its peak, sometimes because we trust the long term potential of the project, we failed to sell it with timing even at times that we can already make a profit on it. If you your coin now is trading in big exchanges and has a great volume, I suggest that you still keep monitoring your coin, it's just down now but who knows it will recover in the future.
Majority of us really use to think that it is best to hold these altcoins for a long term before we realized that most of these altcoins are actually best to be held for a short period of time, because most of the investors in those projects has committed big money and they will move it out as soon as they see any profit in it. So, altcoins will always rise and fall many times and may not continue to grow as we want it.

The best for altcoins is to buy when they are low, and then sell when they are high, the we buy back again when they are low for many possible turnover, that will only be valid with projects that are with real working product though, because we have some projects that once they dump, they will not rise gain till maybe God knows when.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
August 19, 2019, 08:47:19 AM
#50
For clarification. IEOs or STOs does not destroy the nature of smart contract platforms but added to it security because some project owners were actually abusing the system by creating a fake project in other to steal from investors and the community needs a change which is why the IEO and STO come to the picture.
 I think the reason why the OP friend make lost from his previous project was bad timing because he launches the project when the crypto market is in bad shape.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
August 18, 2019, 10:50:38 PM
#49
I think we cannot blame his friend because he supports the project by working on the project, help the project to run correctly but suddenly, the money is the problem on the project. His client cannot raise the fund, so that makes the project failed to get success. There is no one can be blamed for this because every project must have money to run and no matter how good the project, and if he cannot get the investor, the project will not run as what he wants.

It's happened with almost all projects, and we know that it is a big problem since 2 years ago. Coincidently, the market was getting down in the bottom, and that makes almost all project were collapse too. The investor now becomes smart, and they will not spend their money in a big amount if they cannot see how good the project. Many of them were suffering, and they cannot make a profit.

I think the investor will invest in the project if the project has transparent to explain everything to the investor so the investor can think and decide. I see that many projects cannot give the right explanation or transparent to the investor, so they don't trust with the project.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
August 18, 2019, 08:49:06 PM
#48
I invested in 1 ICO back in 2017, and it was failed one , that thought me a lesson.Fortunately i only lost 100 USD.
If you invested in the last quarter and decided to hold, then that's a guaranteed loss at that time the market is in bull run and therefore the price has reach its peak, sometimes because we trust the long term potential of the project, we failed to sell it with timing even at times that we can already make a profit on it. If you your coin now is trading in big exchanges and has a great volume, I suggest that you still keep monitoring your coin, it's just down now but who knows it will recover in the future.
full member
Activity: 994
Merit: 101
August 18, 2019, 08:21:42 PM
#47
One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?

Quoted:
[-snip-]

That's totally sad that good project don't raise their fund and other hand scammers loot investor money. At this moment people trust on IEO than STO or ICO. Because people are fed up to give their money on scammers hand. Anyone can start a fake project with ICO/STO and loot money form investors. I don't say it's not possible to scam in IEO, it is but not regularly like ICO or STO. If you research last couple of years how many ICO scam project loot money from people then you can understand why IEO arrived in crypto world.
jr. member
Activity: 206
Merit: 2
August 18, 2019, 05:13:00 PM
#46
It very much dependent on quality of it. Like IF I find something really impressive, it will for sure go ahead but if not then I won’t. I only prefer looking at quality Upcoming ICOs. So if something from that comes up into my interest zone, I will for sure look towards it. However, I always set myself clear of not trying to go for it when there is no opportunity, as I know if one is going that route, it’s just something that’s not going to benefit at all.
sr. member
Activity: 1918
Merit: 256
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August 18, 2019, 12:23:55 PM
#45
I invested in 1 ICO back in 2017, and it was failed one , that thought me a lesson.Fortunately i only lost 100 USD.
Lots of successful ICOs in 2017, unfortunately you won't try again. I'm sure it's not your luck in investing.
Among the successful projects are DCN, PPT and many more. Unfortunately this year we have difficulty finding similar projects. IEO might become more popular nowadays.
member
Activity: 1302
Merit: 25
August 18, 2019, 09:13:04 AM
#44
I was once a fan investing in ICO, but now I only stick to Bitcoin mostly

But apart from bitcoin and icos, there are other coins in cmc and newly listed that have done well. I also was scammed in ico, but I have learnt my lesson not to run everywhere for ICO. Back then, you will have to pend an order for buy in those shit ICO website  Grin
newbie
Activity: 22
Merit: 0
August 18, 2019, 05:37:53 AM
#43
I was once a fan investing in ICO, but now I only stick to Bitcoin mostly
member
Activity: 602
Merit: 10
August 18, 2019, 05:10:14 AM
#42
Investing in new projects is almost like Russian roulette, because no one can immediately predict the further development of events.  I'm not talking about scammers in the ico company market, but about the fact that each project has its own history and its future, including its own team, when one team can be more professional than another.  Therefore, you cannot be sure of the results of your investments.
member
Activity: 538
Merit: 17
So many books, so little time
August 17, 2019, 02:33:06 PM
#41
I think projects need to be so amazing that ICO of it would be getting funded. First of all if you are a great project and not going with IEO route that means you personally picked not to, otherwise it would mean exchanges didn't want to list you and that is way too bad to actually convince people that you are a good project, no project that gets rejected by any exchange for legit reasons could be considered a good one.

If we leave that aside and say it was personal choice than you would have to convince people that your project even during ICO stage is guaranteed a spot in an exchange as soon as its public, people want to trade it and most want to sell it to be honest, without that option people are sick of investing into promises because many already failed to deliver and why would they trust that you would be different.

Everyone comes with a good project according to him, but where is a problem ?

The problem is:
1 the exchanges: Exchanges charge in BTC(while they should keep their listing rate in USDT, because for early projects, they were charging in btc and that time btc was around $12, $67 to $200) for coin listing, [the minimum a good exchange charge is around 5 btc or $50K) to cover this, team have to sell large quantity of tokens just like 2 billion, 4 billion or above

Or some projects sell more tokens comparing to their business worth

I don't invest in projects having billion of coins (greater than 1 billion)
because it creates too much inflation

newbie
Activity: 57
Merit: 0
August 17, 2019, 12:04:35 PM
#40
I invested in 1 ICO back in 2017, and it was failed one , that thought me a lesson.Fortunately i only lost 100 USD.
legendary
Activity: 2884
Merit: 1117
August 17, 2019, 10:27:40 AM
#39
I think projects need to be so amazing that ICO of it would be getting funded. First of all if you are a great project and not going with IEO route that means you personally picked not to, otherwise it would mean exchanges didn't want to list you and that is way too bad to actually convince people that you are a good project, no project that gets rejected by any exchange for legit reasons could be considered a good one.

If we leave that aside and say it was personal choice than you would have to convince people that your project even during ICO stage is guaranteed a spot in an exchange as soon as its public, people want to trade it and most want to sell it to be honest, without that option people are sick of investing into promises because many already failed to deliver and why would they trust that you would be different.
member
Activity: 538
Merit: 17
So many books, so little time
August 17, 2019, 09:07:24 AM
#38
One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?
You're friend is a good coder and as you stated, he said that people who are investing in ICO's and Bitcoin always get losses and yet he involved himself in a project and worse, he spent 3000 hours and in the end it failed. Its the fault of your friend because he sees ICO negatively and yet he created a project for them.

Anyway, supporting the ICO's thru investing is a good choice but most projects right now are either useless (it can't help the people) or scam so investors are thinking thrice right now before investing to it.

I have given the solution if you can read previous reply.
legendary
Activity: 2576
Merit: 1043
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August 17, 2019, 08:59:36 AM
#37
One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?
You're friend is a good coder and as you stated, he said that people who are investing in ICO's and Bitcoin always get losses and yet he involved himself in a project and worse, he spent 3000 hours and in the end it failed. Its the fault of your friend because he sees ICO negatively and yet he created a project for them.

Anyway, supporting the ICO's thru investing is a good choice but most projects right now are either useless (it can't help the people) or scam so investors are thinking thrice right now before investing to it.
member
Activity: 538
Merit: 17
So many books, so little time
August 17, 2019, 08:32:01 AM
#36
If you are not getting my point then here is a further explanation that how IEOs and STOs are destroying the nature of smart contract platforms and who can launch an IEO ?

For launching an IEO you are required to have at-least 1 million dollars or 100 btc
While launching an ICO required only team members and a few hundred dollars

IEOs are launching by already funded people (just like Justin Sun who first created TRON and after launching it, he launched first ever IEO on binance for Bittorent tokens)
While ICOs are launching by individuals or new people(new businesses) who want to enter in blockchain world, hence IEOs are blocking little businesses or new businesses to be entered in blockchain world becuase IEOs are required big investment and only those people can afford it who already have been funded (just ask it from yourself that can you take a million dollar risk for launching an IEO? as you required this money to give it to exchanges for token listing, reviews, ideas, ieo steps just like pre IEO, post IEO etc) no because you can only take a risk for no more than hundred dollars so in case if ICO succeed and enough funds are raised then you can put your business in blockchain by realizing that it has potential and your business can run on blockchain platform successfully as you don't need to be dependent on your local or old customers, you will find new customers.

Since when there is no need for IEOs to run a campaign then very little people could be aware regarding your project, so your token could be just a part of the exchange but while in real life it will destroy your business because many less people will be aware regarding your business and you will loose majority of people to come to your platform and the final result will be that you will just shutdown your business or the token will not grow much, instead it will be dead because you will not find customers and hence no money will be entered to the project (when no buyer will make a purchase of your tokens then there is no chance for new investment to be made, so your token will just become just a pump and dump coin after a few years because of  two foctors, 1= new investment is not coming to the project because there are no buyers and 2nd=lack of advertisement or a bounty campaign in the start of your IEO which could attract your buyers later)

Now lets talk about the purpose of smart contract platforms:
These platforms are created in a decentralized manner where there is no need for a third party while exchanges are third party, when there is no need for a third party which mean that IEOs are destroying the nature of smart contract platforms, do you think when there will be a third party involved then these project can attract people or can get potential buyers ? No, then who will buy Ethereum, Neo or other tokens ? & how value may come to those projects when there is no demand for that currency ? then how you can say that Bitcoin and Ethereum both works in a decentralized manner ? will the aspects of decentralization survive ? which will just kill Bitcoin and these cryptocurrencies, as you know that Ethereum has already dead, from 0.09 to 0.016. Just because of IEOs and no more demand. IF this continues then you can see the future too.

& the last question, how you think that IEOs are successful, don't you see BTT from 10 sat to 5 sat and the trend is still bearish. If IEO projects could be successful then you could see that BTT trend is bullish (10 to 20 or 30 sat etc)
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