Topic: Do you think it is good that ICOs keep coming frequently? - page 2. (Read 375 times)
Just because most ICOs fail, it doesn't mean that ICOs should be banned or something or that there are no decent ICOs left.. None of those ICOs would get any profit if people actually spend some time reading what they have to offer, what team is behind the project, take a better look at their smart contracts (if available) and make sure if their goals are even achievable. But people like to complain, don't they?
I think it's definitely a good thing, it shows, how rapidly cryptocurrency market is developing and growing. Yes, there is a bunch of coins and tokens made with only one purpose - to make the own coin, but many gems have been born as well, and appearance of such coins strongly promotes the cryptocurrency market forward. There are many interesting altcoins created, for example, Ethereum and IOTA. So my answer is "yes", I'm pretty sure, that it's good.
In as much its better that there is some form of sanity that needs to be applied, the market is a decentralised one in which one can do anything about but the time factor is dependent on either the developers or the team behind it because its them that would study the market then decide if the market is not too crowded for them to launch. But the moment that has been decided, its now about convincing prospective investors why their project is the best but to think of it, there is never a perfect moment to launch.
An interesting topic.. the very reason blockchain gained prominence is its decentralized and transparent approach. Bitcoin paved the way for all the cryptocurrency with this tenent and its engraved in the DNA. Having a regulator or a framework will work against this noble cause. Scam and scamsters with regard to ICO, they say as long as there are people ready to be ditched, there will be people who will ditch, simple as that.. it is the role of forum like this to spread the right message and followers have to be aware of the technology, environment and possible fraud, they should play with the risk in mind.
I recently read there were some 1500+ coins/tokens, market capitalization of many billions etc., we are in the event of making a psuedo economy sans share markets and banks, we are just beginning what we should keep in mind is the use case that we need to bring in to integrate various aspects of other economies or think totally out of the box to make this mainstream.
Don't worry about ICOs too many or too less, lets keep the evangelism to spread the right awareness.
I recently read there were some 1500+ coins/tokens, market capitalization of many billions etc., we are in the event of making a psuedo economy sans share markets and banks, we are just beginning what we should keep in mind is the use case that we need to bring in to integrate various aspects of other economies or think totally out of the box to make this mainstream.
Don't worry about ICOs too many or too less, lets keep the evangelism to spread the right awareness.
Yes i am excited to the upcoming ICOs this year it includes the artificial intelligence and internet of things based projects.
I think it is not only good, but it's amazing. The fact that ICOs are coming daily now and even more frequently, sometimes more than one per day, is a sign that crypto is growing and becoming a global industry.
If there weren't any ICOs we would only have Bitcoin which let's be honest... with only Bitcoin crypto wouldn't be where it is today. No way. Altcoins now are a far greater market share than Bitcoin alone and they did it all in just 2017.
If there weren't any ICOs we would only have Bitcoin which let's be honest... with only Bitcoin crypto wouldn't be where it is today. No way. Altcoins now are a far greater market share than Bitcoin alone and they did it all in just 2017.
I think this is to be expected. Since altcoins are still in their infancy, a lot of people want to be the first movers in this market, and a lot of coins are being created at the moment. As the market adjusts, the purposeless coins will be abandoned and only the coins with good technology and usability will prevail. Until then, some people will lose their money investing in bad coins, but I think this cannot be avoided.
Introducing a system is always a complex and difficult process. For now, I found a way in using platforms that list trustful ICOs. These platforms become intermediaries, also dependent on the ICOs success.
So while there's no solution to the scam-problem, you can find means to cope by yourself.
So while there's no solution to the scam-problem, you can find means to cope by yourself.
The answer is double edged and it will be hard to answer a 100% yes or 100% no. Think deeply and you will understand.
New ICOs are coming more and more because now is the era of cryptocurrency, now people know and understand more or less how it is working, so people are willing to get money for the projects and ICOs are the right way now to start your own project, people are investing easily in ICOs.
There are positive and negative sides for these as already mentioned in the above posts. But the bottomline of this is that, if you're an investor, you need to be very careful choosing the projects that you want to invest with as all of them are at your own risk. So it's up to you if you will lose or gain money. It's your responsibility to do your own research, and others. So no one is to blame but yourself at the end if it goes wrong but you will reap your rewards if that project goes big.
I do not think it is good if too many coins keep coming in a short span of time. Many times people cannot uphold a coin for a long time and it ends up into oblivion. There are some scammers too who pop up at times.
These can be avoided if the introduction of a coin is regularized. However, this is not easy and it comes as a collective responsibility of our crypto community.
When there are way too many coins fighting to occupy space and success it may not be conducive to the digital market. The demand for only one existing coin may be so much that the others will have to be withdrawn from the race because there is equal distrust with all new coins.
When a structure comes into existence and when there is a serious regulation in place then I feel doors will be automatically opened for new coins. There should be a balance and investment should be made after thorough analysis of the ICOs.
These can be avoided if the introduction of a coin is regularized. However, this is not easy and it comes as a collective responsibility of our crypto community.
When there are way too many coins fighting to occupy space and success it may not be conducive to the digital market. The demand for only one existing coin may be so much that the others will have to be withdrawn from the race because there is equal distrust with all new coins.
When a structure comes into existence and when there is a serious regulation in place then I feel doors will be automatically opened for new coins. There should be a balance and investment should be made after thorough analysis of the ICOs.
You mean ICOs should be centralized?
Decentralization is the name of the game. Just always be a keen observer when new ICO comes up and assess whether they'll give a punch ot not.
Besides ICOs helped a lot with the total market cap in reaching new heights.
New ICOs are coming more and more because now is the era of cryptocurrency, now people know and understand more or less how it is working, so people are willing to get money for the projects and ICOs are the right way now to start your own project, people are investing easily in ICOs.
I think for the good side, the growing number of ICOs helps create a healthy competition and further expand growth. But on the other hand, some ICOs are worth shit. But most ICO are good worth it be invested.
When a structure comes into existence and when there is a serious regulation in place then I feel doors will be automatically opened for new coins. There should be a balance and investment should be made after thorough analysis of the ICOs.
regulation is meaningless.. it didnt help consumers get saved from the banks in 2007
however consumer protection. in regards to independant review/audits/ critics and escrows are whats needed.. none of this nameless faces making 500 accounts and posting a new ICO each hour
I do not think it is good if too many coins keep coming in a short span of time. Many times people cannot uphold a coin for a long time and it ends up into oblivion. There are some scammers too who pop up at times.
I agree, there are really a lot of coins coming into the market that turns out to be shitcoins and just for pump and dump and then eventually lost in oblivion and ended up being de-listed by most trading platform.
These can be avoided if the introduction of a coin is regularized. However, this is not easy and it comes as a collective responsibility of our crypto community.
When there are way too many coins fighting to occupy space and success it may not be conducive to the digital market. The demand for only one existing coin may be so much that the others will have to be withdrawn from the race because there is equal distrust with all new coins.
When there are way too many coins fighting to occupy space and success it may not be conducive to the digital market. The demand for only one existing coin may be so much that the others will have to be withdrawn from the race because there is equal distrust with all new coins.
And some of them turns into scam coins as well. That's why those who are legit are somewhat affected when a coins turn out to be a scam. And its really hard to filtered out which ICO will turn out to be a scam until its too late for all of us.
When a structure comes into existence and when there is a serious regulation in place then I feel doors will be automatically opened for new coins. There should be a balance and investment should be made after thorough analysis of the ICOs.
That's why China bans ICO in the first place. It really turns out to be circus out there because many ICO's are popping out with new unique technology to offer. Just a copy-cat of those who have existed before, however, people still invest on them and lost their funds. And China step in and decided that its time to ban and stop them for screwing and milking other people's money.
I want to say that it's good only because it's giving the cryptocurrency world more and more people and that's giving us hype. Hype is all what we need. ICOs are being hyped on social media a lot and that's making people who are not into cryptocurrencies end up engaging to it.
I have to mention the fact that ICOs coming up more frequently is inevitable. This "frequent" of yours is nothing compared to how much ICOs there will be in the future. On the Internet, things are consumed almost immediately. ICOs are forgotten right after the developers and the early investors have made money from it. They create new ICOs and hope that they would be able to accumulate more funds and be able to sell right away. And since a lot of ICOs are coming, it's not that questionable that there would be a lot of scams going on. Where there's money, there will be scammers.
I have to mention the fact that ICOs coming up more frequently is inevitable. This "frequent" of yours is nothing compared to how much ICOs there will be in the future. On the Internet, things are consumed almost immediately. ICOs are forgotten right after the developers and the early investors have made money from it. They create new ICOs and hope that they would be able to accumulate more funds and be able to sell right away. And since a lot of ICOs are coming, it's not that questionable that there would be a lot of scams going on. Where there's money, there will be scammers.
I do not think it is good if too many coins keep coming in a short span of time. Many times people cannot uphold a coin for a long time and it ends up into oblivion. There are some scammers too who pop up at times.
These can be avoided if the introduction of a coin is regularized. However, this is not easy and it comes as a collective responsibility of our crypto community.
When there are way too many coins fighting to occupy space and success it may not be conducive to the digital market. The demand for only one existing coin may be so much that the others will have to be withdrawn from the race because there is equal distrust with all new coins.
When a structure comes into existence and when there is a serious regulation in place then I feel doors will be automatically opened for new coins. There should be a balance and investment should be made after thorough analysis of the ICOs.
A lot of ISO is definitely good. Thanks to this, the crypto-currency market is very competitive. Due to their competitiveness, crypto-currencies are developing, hence capitalization is growing.These can be avoided if the introduction of a coin is regularized. However, this is not easy and it comes as a collective responsibility of our crypto community.
When there are way too many coins fighting to occupy space and success it may not be conducive to the digital market. The demand for only one existing coin may be so much that the others will have to be withdrawn from the race because there is equal distrust with all new coins.
When a structure comes into existence and when there is a serious regulation in place then I feel doors will be automatically opened for new coins. There should be a balance and investment should be made after thorough analysis of the ICOs.
There advantages and disadvantages with this events that continues to happen. ICO's are good but a lot of times it is abused and used on illegal ways like scamming and other stuffs. I agree that it should be regulated but I think it is impossible to do.
There is nothing bad if some good ICO's coming frequently, but if there are lot of ICO's, which are only fake then that will be concerning. And in reality that is happening, more than 80% ICO's are fake and lot of people are getting scammed by those.
for me, ico is very profitable because it can get more profit. but it is true today there are many scams in ico, and this is a trading world that must be very much a scam. so it's a regular thing, actually depends on your intelligence if you want to join ico.
Challenges and compitetions are always good for the economy. This is an open and free market, it encourages the creation of ICO. The one who can't uphold may end up in the oblivion, but those who are supported by a large community and being trusted by many will continue to survive. It's great to see so many new proposes on the use case of blockchain.
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