ICOs == the new kickstarter | Bitcointalksearch.org

NeuroticFish

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Quote from: thirdprize on February 21, 2018, 05:12:42 AM

You have a great crypto related idea. You need money so you launch an ICO. You get a couple of million, the idea doesn't pan out and you scrap it. Investors kiss goodbye to their money. Is that how it works? Who actually buys into ICOs? Is it the public or VC investors?

...
This is quite close to how I also see it.
There are crazy ideas that pay off - and there are not many that invest in such projects - and there are cool useful ideas which bring more people in.
In both cases there are chances the new company will make you rich or will fail completely. Or it's a scam.
The problem I see is that the ICOs are not checked as good as kickstarter projects, giving the ICOs better chance to scam.
The online world makes it happen that anybody can participate to an ICO, but also the online identities are easier to fake...

thirdprize

sr. member

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Surely trading tokens is where ICOs really "go all tulip". Trading things that may be worth something in a couple of years time.

DdmrDdmr

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There are lies, damned lies and statistics. MTwain

I try as a basis to cross-reference ICO ratings on various websites to get a better view of the ICO potential. That becomes a first filter to narrow down the list, since there are so many ICOs out there. From there on, I move to reading the whitepapers and proyect details/team, and pay specific attention to recent news on the given ICO.

What I am not sure is which of the web-based rating sites are really trust-worthy and which are heavily influenced by payments from ICOs or Bounty Campaigns.

Also, I've looked at some successful past ICOs on Icostats, where you can track ICO ROI since ICO Date. Funny enough the best ROI ICOs do not away have great marks on ICO review sites.

cryptocaine

newbie

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in my opinion, ICO is a perfect way to raise, crowdfund money for your blockchain-based project. There are a lot of ICOs which definately do not need blockchain to work perfectly, but launching ICOs as a way to raise some funds for projects. thats the biggest problem i think.

BTCLovingDude

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Quote from: walterw on February 21, 2018, 06:37:24 AM

Quote from: BTCLovingDude on February 21, 2018, 06:27:17 AM

Quote from: walterw on February 21, 2018, 06:13:28 AM

You should differentiate between good and bad ICOs. Good ICOs could actually multiply your invested capital.Bad ICOs are those who just want your money and then go away with it.

so you are basically saying a good ICO is an ICO that gives you more money, am i right?
it doesn't matter if it is really a good project or even if it has some utility or a product. as long as it is going higher (getting pumped) and gives you profit, it is considered good?!!!

Calm down first. You misunderstood me. Of course, a good project requires good products or high utility.
If these criteria are met, your investment is actually very safe (Project=good=ICO=good). I thought I was clear about that. I'm sorry if not.

Besides, the ICO does not give you more money, but the resulting project, which, as I mentioned above, should be good.

sorry if i "read" uncalm Cheesy

all i am trying to say is that i have yet to see any ICO project that delivers something of use a couple of months after they are done releasing and distributing,... there are lots of "good" projects out there but despite them being around for a long time you only hear about them before their ICO and everyone forgets about them after a while since they no longer do anything. development seems to stop

thirdprize

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Quote from: ?? on ??

there are so many new ico every day especially based on ethereum that i can count anymore. there must be some good projects but it's hard for me to find a good one cause i don't have enough experience but in a certain way ico are the new kickstarter for crypto you are right.

And the trouble is its going to be a year or two before most of them go bust. Then the fallout is going to start.

rajkr

newbie

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I have googled about ICO. As per my understanding, ICOs are new altcoin if I am correct.
How can I start with ICO? Where can I invest?

flag39

full member

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It is better when the Developer team airdrops a fraction of their product for users to test, and later if deserved, success will follow

walterw

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Quote from: BTCLovingDude on February 21, 2018, 06:27:17 AM

Quote from: walterw on February 21, 2018, 06:13:28 AM

You should differentiate between good and bad ICOs. Good ICOs could actually multiply your invested capital.Bad ICOs are those who just want your money and then go away with it.

so you are basically saying a good ICO is an ICO that gives you more money, am i right?
it doesn't matter if it is really a good project or even if it has some utility or a product. as long as it is going higher (getting pumped) and gives you profit, it is considered good?!!!

Calm down first. You misunderstood me. Of course, a good project requires good products or high utility.
If these criteria are met, your investment is actually very safe (Project=good=ICO=good). I thought I was clear about that. I'm sorry if not.

Besides, the ICO does not give you more money, but the resulting project, which, as I mentioned above, should be good.

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

Quote from: walterw on February 21, 2018, 06:13:28 AM

You should differentiate between good and bad ICOs. Good ICOs could actually multiply your invested capital.Bad ICOs are those who just want your money and then go away with it.

so you are basically saying a good ICO is an ICO that gives you more money, am i right?
it doesn't matter if it is really a good project or even if it has some utility or a product. as long as it is going higher (getting pumped) and gives you profit, it is considered good?!!!

Quote from: walterw on February 21, 2018, 06:13:28 AM

Unfortunately, this attracts many fraudsters who want to make quick money and scam investors.

well, with your definition above "fraudsters" are automatically drawn to ICOs. it is like a welcome sign for them!

walterw

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Do you need a campaign manager? PM me.

You should differentiate between good and bad ICOs. Good ICOs could actually multiply your invested capital.Bad ICOs are those who just want your money and then go away with it.
But of course you are right that ICOs are now used as a kickstarter. But I only partly see something bad about it.
Unfortunately, this attracts many fraudsters who want to make quick money and scam investors. HOWEVER, it also brings a lot of good.
Projects can be realized that would not have been realized without ICOs. As everywhere else in the world you should also question the projects in which you want to invest.

BTCLovingDude

legendary

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BTC to the moon is inevitable...

basically yeah. it is just a coll-looking idea. it doesn't have to actually be a useful idea either. it just have to attract attention and you get money for it.
in fact ICO is the new and much easier form of premine where the developer simply premines the crap out of his coin before release so he has a lot of money at hand out of thin air.

thirdprize

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You have a great crypto related idea. You need money so you launch an ICO. You get a couple of million, the idea doesn't pan out and you scrap it. Investors kiss goodbye to their money. Is that how it works? Who actually buys into ICOs? Is it the public or VC investors?

Topic: ICOs == the new kickstarter (Read 145 times)