Topic: Don't be too quick to judge ICOs - page 8. (Read 19854 times)
Most of these ICO projects started or came to the market at the wrong time. Most of these ico projects had nothing unique to add to the existing market and most also ended up as scam projects whiles others are dormant currently due to lack of funds and the fact that most ico's are facing these problems does not mean some still can't deliver, some can really deliver with the right funds available and hence we shouldn't be quick in judging ico's because some can really surprise.
I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.
This judgment is due to the fact that many people have been scammed by ICO projects, if you work with honest ICO in advance, there are people like me who can't find an honest project that uses ICO, I know there are a lot of fair projects that use the ICO campaign but investors have the fud of wasting their money in the wrong project, In addition, the investment in ICOs projects is not simply, they will spend a lot of time to review the complete project information and make sure the experience of the team to make this kind of projects successful, in addition they will find false reviews about the project in many sites which purchased with money, how they will trust in the projects that do ICO?!
During 2018 ico continued to decline in the eyes of investors because there were many scams and many ico projects where the developers left the project after the sale was finished. We must be careful not to assess the project as quickly as possible because the actors were skilled enough to convince us.bad experience is the main consideration in evaluating ico projects
Experience itself will bring knowledge judging the situations when investing with ICOs. After those many bad things that happened around, it shouldn't be ignored to figure out what will be the best things to remember before participating or investing in any ICO projects. You need to judge things out according to what you think that will bring good benefits to your invested time and money.Investigate and keep yourself posted with projects that you are dealing with before making any conclusions.
Simply, many people judge by the value of the token. Everyone believes that if the token has become cheap, it means that the creators of the project are scammers, but this is not so in many cases, just all the money goes to the development of the project and why they should not increase the price, because the main goal of the project is a work product and not the price of the token.
Only if you have been in this space for long you will only understand what it is to say they are scam now cos since the last bull , it has really hard to show that ICO of now a days are really in to this business , and that shows from statistic that the bull run push many who has nonidea about the crypto to jump in for self interest aim and that really hit on them due to bear market which really exposed them in big time .
Agree, many investors get big profits from ICO but now ICO has started to be unpopular and is starting to be replaced by IEO. Investing in ICO and IEO is equally risky because they are new projects that do not have a product
that's right, ICO or IEO are both at risk. Well, we can't trust ICO or IEO because as you said they are a new project whose products are still not ready and some still don't have the product.we really need to be careful in choosing projects that we will follow. now ICO or IEO really make us have to work hard to get the right project and the results are in accordance with what we think.
During 2018 ico continued to decline in the eyes of investors because there were many scams and many ico projects where the developers left the project after the sale was finished. We must be careful not to assess the project as quickly as possible because the actors were skilled enough to convince us.bad experience is the main consideration in evaluating ico projects
yup! indeed over the past few years, investor confidence in ICO has diminished. currently investors are glancing at IEO, but lately the popularity of IEO has also seen a slight decline. well, it's not all bad. but we must be careful in choosing IEO or ICO projects because as you said the actors are skilled enough to convince us to get caught up in fake projects.i hope we always get a good project.
Today, investment is moving to a new level and no one trusts the simple ICO and IEO that raise funds. And this is the only way to get rid of fraudulent projects and deceive investors. A new stage begins in the development of the crypto industry, and very soon we will see what it will bring to us.
During 2018 ico continued to decline in the eyes of investors because there were many scams and many ico projects where the developers left the project after the sale was finished. We must be careful not to assess the project as quickly as possible because the actors were skilled enough to convince us.bad experience is the main consideration in evaluating ico projects
Now, I am totally moved out of the ICO projects. 97% of ICO projects failed to give a profit to its investors this year. I had a big hope from Haratoken and Ferrum Network ICOs, their price are become shit now, where these projects still very good in their works! ICO market totally dead now and people would rarely invest on ICOs!
Perhaps Haratoken and Ferrum Network never paid much attention to their tokens after listing. To sustain a coin and its price on the market after a successful token sales is a whole story on its one and it needs another expertise level to get there. This is the time the team needs to create more awareness in order to expose the idea and product to the ward in order to keep the demand going. Not all ICOs failed on this technique. Those people said many ICOs are scam are those who often got victimized by it. Why? Not all people think many times before joining some ICOs and clearly attracted to promises of great fortune and huge income from investing on them. I think they must do a lot of effort and research before putting some money cause we all know how crypto works and lots of scammer are good actors now when it comes to fooling people. Yes there are lots of these kind of people just for money will do scam professionally that you wouldn't even noticed it.
Agree, many investors get big profits from ICO but now ICO has started to be unpopular and is starting to be replaced by IEO. Investing in ICO and IEO is equally risky because they are new projects that do not have a product
ico's have 2 sides its scam and legit sides lots of ico's say they were legit and so forth now after they get lots of money from investors their sites suddenly goes down and will never heard from any of them thats the first side, the legit side they stay and make lots of moves to make the project go live making lots of calls and investments to the projects , but the downside from the investors is that they will have to wait longer for profit, thats what I think are icos are made up in this times, make sure to look for signs that they are scam dont just look on promises do you agree with me?
I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.
Yes not all ICOs scam this true, but most of ICOs scam this also true, it is very difficult to know if it is scam or no, no one can grantee this ICO not scam, so for less risk go to IEO.
Many ico projects have come and gone, many proclaiming such big innovatives but yet couldn't stand the test of time to deliver their promises but currently, even though we have scam projects out there, there are real ico projects that needs funds and few resources to deliver and its just a matter of time so lets be careful and stop judging ico projects.
Now, I am totally moved out of the ICO projects. 97% of ICO projects failed to give a profit to its investors this year. I had a big hope from Haratoken and Ferrum Network ICOs, their price are become shit now, where these projects still very good in their works! ICO market totally dead now and people would rarely invest on ICOs!
There have been a lot of unsuccessful ICO projects out there and many also ended up as scam projects but the fact that many ended as scam projects does not mean all ico projects are scam projects, some are just stuck and need funds to rise up, some are still preparing to bring out something unique and hence we shouldn't be quick in judging ICOs.
I could agree with you if most of the projects showed any development progress after the ICO. But usually I see the opposite. After entering the stock exchange, the coin falls and the project disappears from the market in a couple of years.
This is exactly why I was saying that an ICO should be conducted only after a minimum of 75% of the development is completed. Most of the ICOs go to the market even before any of the real development is started. In many cases, all they have is an "idea". The investors pour in their hard earned money for this "idea", and once the team is able to pocket it, they will vanish in seconds.
I totally agree with your topic, not all of them are fraudulent for ICOs but they fail on a variety of issues, possibly due to the way in which the company manages its reserves. crisis and money to pay for everything in trouble and they fail, this is just one of the reasons why they fail and there are many other reasons.
Yes, it's correct to not judge any ICO's or startups right away but at the same time, I can't blame the community since it's ICO's as well who ruined its own reputation. It will be a good habit to check other resources if you're investing, there are trusted websites that helps you check if the ICO is legit or not. One of the most common mistakes is people not doing their own research before investing.
One cannot pass a general judgment on ICOs because irrespective of the reported issues on scam ICOs, there are legit ones. Before the initiation of IEOs, ICOs were the order of the day which yielded the profits most investors enjoyed from cryptocurrency. It takes time and relentless research to identify the legit ones on the market to participate in.
Jump to: