Topic: Don't be afraid of ICOs (Read 596 times)
Yes that is true. With plenty of research, we will able to filter and find ICO with potential. With the possibility of high return, it come with risk. We might lost some but gain alots with the ICO that deliver.
Before joining in ico we must analyze or research the project. If you miss this, then you potentially lose. One important thing, if the project is using eth platform, it must use smart contract and if the project use other platform, then must use escrow service. Do not be ashamed to ask and discuss in the project announcement thread.
I agree with your opinion, I think the ICO is a very high risk investment and also there will be high profit if it is successful, but I think we should learn how to find a promising ICO first, probably the history is the best teacher.
This is a real fact that ICOs and IPOs are two different term but one aim that is pooling the money for the business. While IPOs are conducted in a single country with governed by certain law as they are related to public in the another way ICOs are still uncertain of governance of certain body but some how self regulated by some programming technology that is shouted.
Would it be possible to create a platform for regulating ICOs which doesn't involve every single different countries government trying to come to a decision? especially considering how slow most governments are when it comes to regulating emerging technologies, even more so when it is tech they struggle to properly understand. We the people should come up with some rules and regulations which would drastically reduce the risk and fraud we see in ICOs, to at least provide some guidelines of what is needed going forward. I'm thinking like a People + Government collaboration kind of thing, but then again I am always way to optimistic. I'm just hoping we won't see super harsh laws that stop them all together and even worse turn people completely off crypto.
I think ICO's are a great way for startups to explode onto the scene.
But with any investment, you need to do your research. Look into the whitepaper, the team and understand what they are trying to achieve.
I think there are some regulations that are needed, but it also needs investors to be smarter. If nobody invests in the shitty ICO's then bad ICO's will not make cash.
But with any investment, you need to do your research. Look into the whitepaper, the team and understand what they are trying to achieve.
I think there are some regulations that are needed, but it also needs investors to be smarter. If nobody invests in the shitty ICO's then bad ICO's will not make cash.
I agree with your statement, ICO is a revolutionary way for funding, it can help many developers who don't have enough money to launch their projects, but regulating these opertations is required.
Has any one list of scam projects? I think the scammers using more easier ways to steal money then ICO's, cause there's billion details for making successful ICO.
I think the community is already strong enough to let everyone know when a scam is identified, but a list could work so in that way you check the list before investing anywhere.
Agree. So before invest some money to any project, investor MUST make good analysis project and project details. Make decision on his own conclusions about chances to success or failure. This is the best protection against scammers.
Has any one list of scam projects? I think the scammers using more easier ways to steal money then ICO's, cause there's billion details for making successful ICO.
I think the community is already strong enough to let everyone know when a scam is identified, but a list could work so in that way you check the list before investing anywhere.
Guys, I've been reading a lot lately, and some folks have demonized ICOs. IMHO ICOs are just one more way of getting your project funded, the problem is not with the method but with the ones who try to exploit it.
My recommendation for all of you is take your time before investing, check the team, are they solid? do they complement each other? do they have a strong technical and business lead?, check the project itself, is it well defined? does it make sense? and finally check the token itself, what's its purpose?
Once everything seems to be ok, google for second opinions! If everything is still ok, go ahead, ICOs are not bad! Some folks are bad, some folks are scammers, but unfortunately you can get scammed with every other investment method too.
On the other hand, I agree that ICOs need to have some kind of governmental oversight, it can't be unregulated, is not good for anyone.
What are your thoughts on this?
My recommendation for all of you is take your time before investing, check the team, are they solid? do they complement each other? do they have a strong technical and business lead?, check the project itself, is it well defined? does it make sense? and finally check the token itself, what's its purpose?
Once everything seems to be ok, google for second opinions! If everything is still ok, go ahead, ICOs are not bad! Some folks are bad, some folks are scammers, but unfortunately you can get scammed with every other investment method too.
On the other hand, I agree that ICOs need to have some kind of governmental oversight, it can't be unregulated, is not good for anyone.
What are your thoughts on this?
Yeah, sincerely I agree with the above comment but the only problem is that even taking time to study an ICO doesn't guarantee the authenticity of such an ICO. Some ICOs look pretty cool when they start but latter turn out to be scam. My thought
Sometimes Some ICO is not about profit
it's way deeper than that. It is about freedom many of the times. Ability for you to decided your own path to economic relevance. That's why I do not support regulations. 99.9% of our lives are already regulated.
it's way deeper than that. It is about freedom many of the times. Ability for you to decided your own path to economic relevance. That's why I do not support regulations. 99.9% of our lives are already regulated.
If we want less scams, and more adoption, we will need regulation.
Guys, I've been reading a lot lately, and some folks have demonized ICOs. IMHO ICOs are just one more way of getting your project funded, the problem is not with the method but with the ones who try to exploit it.
My recommendation for all of you is take your time before investing, check the team, are they solid? do they complement each other? do they have a strong technical and business lead?, check the project itself, is it well defined? does it make sense? and finally check the token itself, what's its purpose?
Once everything seems to be ok, google for second opinions! If everything is still ok, go ahead, ICOs are not bad! Some folks are bad, some folks are scammers, but unfortunately you can get scammed with every other investment method too.
On the other hand, I agree that ICOs need to have some kind of governmental oversight, it can't be unregulated, is not good for anyone.
What are your thoughts on this?
My recommendation for all of you is take your time before investing, check the team, are they solid? do they complement each other? do they have a strong technical and business lead?, check the project itself, is it well defined? does it make sense? and finally check the token itself, what's its purpose?
Once everything seems to be ok, google for second opinions! If everything is still ok, go ahead, ICOs are not bad! Some folks are bad, some folks are scammers, but unfortunately you can get scammed with every other investment method too.
On the other hand, I agree that ICOs need to have some kind of governmental oversight, it can't be unregulated, is not good for anyone.
What are your thoughts on this?
Yeah, sincerely I agree with the above comment but the only problem is that even taking time to study an ICO doesn't guarantee the authenticity of such an ICO. Some ICOs look pretty cool when they start but latter turn out to be scam. My thought
Sometimes Some ICO is not about profit
it's way deeper than that. It is about freedom many of the times. Ability for you to decided your own path to economic relevance. That's why I do not support regulations. 99.9% of our lives are already regulated.
it's way deeper than that. It is about freedom many of the times. Ability for you to decided your own path to economic relevance. That's why I do not support regulations. 99.9% of our lives are already regulated.
Has any one list of scam projects? I think the scammers using more easier ways to steal money then ICO's, cause there's billion details for making successful ICO.
I think we're all on the same side, we might differ on some details, but mostly same line of thought.
yes sir why should we afraid of icos. investing in ico seems dangerous and seems like ico is a scam for some people. but in my opinion ico is a great place to invest and it had a great opportunity to grow. what we need to do are to enhance our self to be more aware with the enviroment of cryptocurrency so we didnt get decieved by some fake ico.
I think we're all on the same side, we might differ on some details, but mostly same line of thought.
If you research everything well before participating in a ico, you will not be disappointed. There are a lot of examples in the market for both advantages and disadvantages of ICOs.
The difficulty in this September so full of ICOs is to determine which one is really legit.
So read, study and lots of personal research.
And some luck of course
So read, study and lots of personal research.
And some luck of course
That is why the need for people, especially those investors of ICOs, to level up their investigation skills in terms of which is legit or scams is more necessary than ever. ICO investment is actually not for everyone, to be honest. It is not for those lazy ones who are not even trying to take a look and read the projects' whitepaper. It not the kind of investment for those who do not take time to carefully question the details of the projects.
You can say it like that but in reality in the current period of many developers, although the project is clear and detailed and no scam ignore the state of the coin in the market until the rate goes down and developers no development or improvement at all.
Before joining in ico we must analyze or research the project. If you miss this, then you potentially lose. One important thing, if the project is using eth platform, it must use smart contract and if the project use other platform, then must use escrow service. Do not be ashamed to ask and discuss in the project announcement thread.
Guys, I've been reading a lot lately, and some folks have demonized ICOs. IMHO ICOs are just one more way of getting your project funded, the problem is not with the method but with the ones who try to exploit it.
My recommendation for all of you is take your time before investing, check the team, are they solid? do they complement each other? do they have a strong technical and business lead?, check the project itself, is it well defined? does it make sense? and finally check the token itself, what's its purpose?
Once everything seems to be ok, google for second opinions! If everything is still ok, go ahead, ICOs are not bad! Some folks are bad, some folks are scammers, but unfortunately you can get scammed with every other investment method too.
On the other hand, I agree that ICOs need to have some kind of governmental oversight, it can't be unregulated, is not good for anyone.
What are your thoughts on this?
My recommendation for all of you is take your time before investing, check the team, are they solid? do they complement each other? do they have a strong technical and business lead?, check the project itself, is it well defined? does it make sense? and finally check the token itself, what's its purpose?
Once everything seems to be ok, google for second opinions! If everything is still ok, go ahead, ICOs are not bad! Some folks are bad, some folks are scammers, but unfortunately you can get scammed with every other investment method too.
On the other hand, I agree that ICOs need to have some kind of governmental oversight, it can't be unregulated, is not good for anyone.
What are your thoughts on this?
Everybody is doing this you can make sure of it. Nobody invests their money randomly in scam projects. Here is the deal, some projects are hiding that they'r scams and people can't understand this easily.
That is why the need for people, especially those investors of ICOs, to level up their investigation skills in terms of which is legit or scams is more necessary than ever. ICO investment is actually not for everyone, to be honest. It is not for those lazy ones who are not even trying to take a look and read the projects' whitepaper. It not the kind of investment for those who do not take time to carefully question the details of the projects.
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