I F***ING HATE THE ICO MODEL - page 3.

Transformbitz

full member

Activity: 434

Merit: 101

Quote from: ninobtcx on July 30, 2018, 07:37:43 AM

People wonder why ICOs aren't anymore successful in 2018.

Before you get in, they promise the world.

After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.

Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.

Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.

Time for a change, the ICO model is done for.

This is bad for the community who wanted to buy ICO, Whales are there and they will manipulate the market. Grab and GO that's how they earning a lot of money. It's wasted. Whitepaper should be good as the top coins in marketcap.I don't think ICO will be a winning investment coz bitcoin is down as the moment.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: ninobtcx on July 30, 2018, 07:37:43 AM

People wonder why ICOs aren't anymore successful in 2018.

Before you get in, they promise the world.

After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.

Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.

Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.

Time for a change, the ICO model is done for.

I understand your pain, but the solution to this is simple we need to stop investing in the ico model, we cannot convince people in mass but each person will begin to take this decision when they realize that it is almost impossible to make money that way, in a way I think this is already happening, with the crash that we experimented at the beginning of the year many icos are failing to reach their soft caps and I hope this is the beginning of a new tendency in this market in which people stop being so naive and they understand that most icos are created with only one thing in mind and that is for the developers to make a fortune by scamming their investors.

jacee

legendary

Activity: 1302

Merit: 1025

Quote from: ninobtcx on July 30, 2018, 07:37:43 AM

After you buy, the whales who got in cheap dump.

By whales you mean the fraud team behind some ICO projects right?

I do agree that ICOs this year are not that successful compared to last year and imo that is because there is more fake projects compared to the last years. People now realize that they can get people to invest in them by hosting ICOs and giving false promises. That is why you can see almost new thread of ICO is popping up in the altcoin section.

There are still good ICOs tho. If you will take time to search. Some actually have potential.

ninobtcx

sr. member

Activity: 418

Merit: 262

People wonder why ICOs aren't anymore successful in 2018.

Before you get in, they promise the world.

After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.

Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.

Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.

Time for a change, the ICO model is done for.

Topic: I F***ING HATE THE ICO MODEL - page 3. (Read 553 times)