Don't be afraid of ICOs - page 2. | Bitcointalksearch.org

TagaMungkahi

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Quote from: e11io on September 28, 2017, 06:33:02 PM

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?

It is really hard to tell what ICOs are really "ICOs". ICOs are equivalent to IPOs IPOs have their own license , and it is legal because the Government told so and it was accredited by the Government, the main thing here is ICO should have their own licenses and PAY the due tax. ICO's are not evil or bad, it's just some of them has the potential to scam a million of people. Without regulation ICO will be an illegal in each Government's eye.

erickkyut

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Quote from: e11io on September 28, 2017, 06:33:02 PM

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?

I totally agree with you bro. Knowledge is power! We should conduct some research before we invest into something not just in ICO. By doing this, we can minimize the risks. I also agree that ICOs should be regulated by the government to avoid scams. There are lots of ICOs recently that turned into SCAM and the investors have no way to get back what they've invested.

Mpamaegbu

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Once a man, twice a child!

The key word should be "watchful." We should be very watchful and weary of any ICO. Definitely, there are spoilers in everything we do. Of course, some devs are just there to scam investors without the intention of putting out any real project out there. And the way these cryptos get listed daily on the coinmarketcap leaves a lot to be worried about. Most of them end up shitty after the ICOs leaving investors at loss.

Hyperme.sh

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Quote from: inthelongrun on September 28, 2017, 10:16:42 PM

Actually, to be frank about it, there is really nothing to be really afraid of in ICOs. Risks are everywhere.

The existing ICO issued tokens are headed to zero because they will banned every where:

Quote from: Hyperme.sh on September 28, 2017, 07:59:06 PM

Quote from: acpr23 on September 28, 2017, 07:54:35 PM

ICO's wont end, it will only be regulated, and that is not a bad thing for cryptocurrencies, regulation will help prevent scam ico's take the investors money, since ico is necessary for a projects success regulation will also be a factor for its good development especially in legal terms.

There is a huge downside coming though:

Quote from: Hyperme.sh on September 28, 2017, 07:54:43 PM

The downside of regulation of token sales as securities, is they can’t actually become freely tradeable everywhere tokens legally, unless they are locked untradeable on the blockchain for 3 years.

No more get-rich-quick gains and scammy pumpy dumpy.

Ch1bi

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Quote from: e11io on September 28, 2017, 06:33:02 PM

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?

You're definitely correct. I too believe ICOs need to be regulated in some capacity. There have been a lot of shady ICOs, and alot of people have lost money. I think in time ICOs will be regulated. Keep in mind, crypto is still relatively new and it usually takes government time to catch up with disruptive technology, and they are. Look at China's ban on ICOs.

inthelongrun

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Actually, to be frank about it, there is really nothing to be really afraid of in ICOs. Risks are everywhere. Even just staying at home has some risks involved. In ICOs there are also risks involved especially because it is an investment. A precious capital is being invested into something. It is our responsibility to pick those ICOs that will give us good returns. That is expected from us. There are many of them.

trecore4

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Obviously henceforth we have to check every ico very closely otherwise get ready for the loss and there will be no one to help us. ICO has become business of getting money from the customers and letting them run away from us. It's too bad thing actually but the world is full of sins as we now it.

I have started making the readings about all the whitepaper now. Started learning which is the team behind and who is sponsor. How the roadmap differed from the one that we already saw. If there is even single person from the previous scam ICO then boom that would be first ICO I will down vote. Hope with some precautions I will be able to make it through successful ICO now. Regulating won't matter as long as I'm getting the profits the same as I use to get before that.

bbc.reporter

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@e11io. ICOs are not bad. Yes it is a good way to fund your project but it is also a good way to scam people who want to be rich but do not want to do the work. There were also warnings issued that they are not legal and the warnings gave the impression that the government will take them down soon.

Invest in ICOs if you like but know the risks. Not all of them are good and most of them might be delisted.

imstillthebest

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Quote from: e11io on September 28, 2017, 06:33:02 PM

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?

but the problem is no matter what the project looks legit and promising theres still a chance that it would scam people just like the authorship bounty. until today many of users here have not recieved their 75 ats token on that said bounty, so i think that mods and admins should take action to combat these ico's before they start a topic and scam all members here in the forum.

dewanaga

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Quote from: gidaahmad on September 28, 2017, 08:21:31 PM

basically ICO is good for investors who have a lot of money. And ICO is good for people who want to try to invest even with minimal money. Although we know there are many ICOs that fail, we need to know that trying and gaining experience by investing in ICO is not mandatory.

if I advise not to be afraid to take part in an ico project,
of course it will be profitable if the project is successful

gidaahmad

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basically ICO is good for investors who have a lot of money. And ICO is good for people who want to try to invest even with minimal money. Although we know there are many ICOs that fail, we need to know that trying and gaining experience by investing in ICO is not mandatory.

Hyperme.sh

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Quote from: sensimilia on September 28, 2017, 07:48:34 PM

I don't have a problem with regulating them or not, either way you have to do your research.

If regulated, then the issuers can’t legally make false or hyped statements. Thus research will become more sober:

Quote from: Hyperme.sh on September 28, 2017, 01:04:56 PM

Also bear in mind that the Overstock/TZero option will not be viable for 99.9% of the ICOs that are being issued in our ecosystem, because those issuers do not want to comply with all the disclosure limitations (e.g. they can’t make non factual hyped claims) and oversight on their use of the funds raised. In short, the speculation in our ecosystem doesn’t want realism because the reality is that none of the projects are actually attaining any adoption or use other than selling empty speculation bags to greater fools.

Quote from: Hyperme.sh on September 26, 2017, 03:49:04 PM

Quote from: James A. Donald — the first person to interact with Satoshi Nakamoto on the mailing list

Every website reporting on the altcoin boom and the initial coin offering boom has an incentive to not look too closely at the claimed numbers. Looks to me that only Bitcoin and Steemit.com have substantial numbers of real users making real arms length transactions […] The crypto coin business is full of scammers, and there is no social pressure against scammers, no one wants to look too closely, because a close look would depress the market. There is no real business plan, no very specific or detailed idea of how the coin offering service is going to be of value, how it is going to get from where it is now, to where it is going to usefully be […] When you buy an initial coin offering, you are usually buying shares, usually non voting shares, in a business with no assets and no income and no clear plan to get where they will have assets and income, as in the dot com boom.

The downside of regulation of token sales as securities, is they can’t actually become freely tradeable everywhere tokens legally, unless they are locked untradeable on the blockchain for 3 years.

No more get-rich-quick gains and scammy pumpy dumpy.

sensimilia

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I don't have a problem with regulating them or not, either way you have to do your research.

John Wick

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Quote from: e11io on September 28, 2017, 06:33:02 PM

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?

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.

Hyperme.sh

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Quote from: ChromaticStar on September 28, 2017, 07:24:24 PM

Quote from: Hyperme.sh on September 28, 2017, 06:38:14 PM

Quote from: e11io on September 28, 2017, 06:33:02 PM

Re: Don't be afraid of ICOs

What are your thoughts on this?

Study the facts.

Be afraid of every token sale which is not locked on the blockchain for 3 years before trading (or unless it’s a registered security and you only expect to sell it to other investors on registered exchanges). Your token will likely get delisted eventually from exchanges (unless it can be registered which is not the case for all the current token sales). Legal and criminal implications for you personally possibly for illegal trading on unregistered exchanges.

Crackdowns are coming eventually. China just the first salvo of what is coming from regulators in major nations.

How can you force someone to delist or not trade on a decentralized exchange? They are not a person or a place. A ruling like that is impossible to enforce.

Click the link provided. The linked post contains a link to a blog I wrote. In that blog you’ll find the explanation. See the photo of Irwin Schiff who died in prison and read the text in that section of the blog. The investors in the affluent nations pay their taxes (shadow economy is tiny) and they account for 80 - 90% of the investments, and they have to report all their itemized capital gains. Thus the data will be there for authorities on who is trading illegal tokens. Investors will stop incriminating themselves and thus stop buying these illegal tokens even decentralized.

The G20 began in 2017 to share all tax data with each other.

Come on kids (not you but others who may be investing their lunch money). Time to grow up and learn how the real world operates. Get off your mother’s sofa, put the Xbox controller down, and realize the world isn’t like your fantasy.

Decentralization will be useful, but probably not to defeat the tax man in terms of reporting.

ChromaticStar

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Quote from: Hyperme.sh on September 28, 2017, 06:38:14 PM

Quote from: e11io on September 28, 2017, 06:33:02 PM

Re: Don't be afraid of ICOs

What are your thoughts on this?

Study the facts.

Be afraid of every token sale which is not locked on the blockchain for 3 years before trading (or unless it’s a registered security and you only expect to sell it to other investors on registered exchanges). Your token will likely get delisted eventually from exchanges (unless it can be registered which is not the case for all the current token sales). Legal and criminal implications for you personally possibly for illegal trading on unregistered exchanges.

Crackdowns are coming eventually. China just the first salvo of what is coming from regulators in major nations.

How can you force someone to delist or not trade on a decentralized exchange? They are not a person or a place. A ruling like that is impossible to enforce.

Vaultbank.io

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Quote from: e11io on September 28, 2017, 06:33:02 PM

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?

Fully agree with you. ICOs are actually a really interesting and more efficient way to conduct certain types of investment. The risks and issues are a function of exploitation due to the current lack of regulation

Hyperme.sh

member

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Quote from: e11io on September 28, 2017, 06:33:02 PM

Re: Don't be afraid of ICOs

What are your thoughts on this?

Study the facts.

Be afraid of every token sale which is not locked on the blockchain for 3 years before trading (or unless it’s a registered security and you only expect to sell it to other investors on registered exchanges). Your token will likely get delisted eventually from exchanges (unless it can be registered which is not the case for all the current token sales). Legal and criminal implications for you personally possibly for illegal trading on unregistered exchanges.

Crackdowns are coming eventually. China just the first salvo of what is coming from regulators in major nations.

Quote from: alyssa85 on September 24, 2017, 08:33:17 AM

Steem started dropping when the Poloniex wallet got disabled for "maintenance". That was 2 months ago, and I think when a lot of people realised they couldn't withdraw their Steem from Poloniex, they sold it for bitcoin, which they could withdraw. And the Steem price hasn't really recovered, because the wallet on Poloniex hasn't been re-opened.

It's a shame when exchanges mess with coins like that.

That’s an example of what is going to happen to all ICO issued tokens when the delistings come forth.

And STEEM is still trading on Blocktrades and Bittrex, so imagine the utter collapse towards 0 of the STEEM price if it had been delisted from every significant exchange.

Everybody going to get plenty of warnings but they will ignore the warnings of course.

e11io

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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?

Topic: Don't be afraid of ICOs - page 2. (Read 596 times)