Topic: In it just for the money? - page 4. (Read 1385 times)

In my opinion I believe that when investing is very important that the project you like and you see a beneficial end but there is another thing that should be linked to this, is to know who are the ones who will develop it who make up part of the team, meet them and look for them in the networks and if they are people who are attentive to answer every doubt that we have.

90% of the people who invest in ICOs including me are usually in just for the profits.
Nothing else.

Even if the project is amazing bla bla bla but still what's important is: Will I make money over here or check another one ?

I would say 95% of the people do it for the money and don't care about the projects. I have a 4 projects that I really care about but others I get in and out for the money.

No it is not just for money ,in bitcoin you can have your experience and job. That is why bitcoin is not just for money. Bitcoin is also about enjoying your life with your family while working an earning so much money using the less of your time and the less of your effort. That is why bitcoin is so essential

Just today i was thinking about this!!
and i got to conclusion that i am here first of all for the Tech!
when i invest in projects that i believe in their tech, i am confident!!
when i invested and it was just for the money, i lost this confident..

I was initially dragged into crypto space not for money but then my goal changed after all the ICO hype and I was hoping to make the best of the money making opportunity, which I learned some painful lessons at a later stage. For now, I just want to enjoy this piece of history and see how it goes, if I can make some money then great, if I can't just happy to be part of the history

Well, most investors in ICO ofcourse aim for a money rather in it just for money. Before investing we need to make sure that we could earn profit ofcoure. We dont like stay long for nothing and gaining nothing.

Basically, most of the contributiors in an ICO is in it for the money.
Some projects usually linger a long period of time before completion, only a few investors are likely to stay that long.
Am mostly about the speculation and getting the money from it. 

I'm here to help contribute to making a difference, putting an end to capitalism and giving the power back to the people....jk i'm in it for the dolla dolla bill

These are all great responses and too be honest, I didn't expect such a mix of reactions. I love hearing what everyone has to say. This is great 

I think it is very sweet you invest in the project which you find important for humanity. At least this is a good strategy, because if you don't gain profit in such a case you know you tried to make this world better. Does such strategy give you profit mostly?
I think most of people here invest in the project regardless to its idea and focusing on money. I invest in the coins I like for their projects but sometimes I also buy something just to earn some money while selling it afterwards.
Yeah, I agree about the morally wrong and illegal part. I never invest in projects which I myself find unappealing like currencies for paying webcams with young girls or used specifically to buy weapon, fake money or drugs. At these cases I don't care how profitable they might be, I just can't invest in them.

I am in the same boat.

I am pretty new to ICO's but i go with a project that I think will do something good for society / business.

Right now this is just a way to broaden my horizons and i am not looking to gain millions. If i do it's a nice added bonus!

I am a mix of both. Yes I look at crypto as an investment and a great way to gain. But I also like the ideas of crypto. With how currency currently is, I can see crypto being a huge change and improvement. Also crypto is nice because of the different sectors and services it can provide.

Well... I guess that you have to believe in the project as otherwise it won't work if there is no benefiting usage for your very self

Good and valid point. I'm pretty sure that a substantial majority only buys into Alts to earn more Bitcoin.

But that is Bitcoins one big thing, isn't it. Other currencies are about, I don't know, managing parking spots, decentralized Internet, white hat hacker markets and so on, but Bitcoin is, first and foremost, a value storage and transfer tool. That's all there is. Therefore, being in Bitcoin "just for the money" is exactly what it is about, not to mention, that you have to believe in Bitcoins success, at least in the short term. Otherwise, You wouldn't put your hard earned money at stake, right?
Even those seeing Bitcoin as the future while traditional monetary systems will eventually fail, are "in it for the money", because they are looking at protecting their savings in a way that they deem right.

TL;DR:
Being in for the money isn't a bad thing, because mostly, this IS about the money.

But:

On the other hand, I see a lot of use cases dismissed, because it is not viable to have a monetary system associated with them, such as private blockchains, really good digital identity solutions, social networks and so on.
I see a danger here of companies taking over these sectors, eventually cutting off private efforts (be it by patent trolling or just overpowering media presence). This would be a pity, because non-monetary blockchain technology is a huge field with immense potential. Sadly, the fact that there is no short-term gains to be made prevents it from entering the limelight.

This is where the blockchain community runs short and doesn't realize, that a huge sector remains uncharted. This is especially aggravating, since blockchain technology relies heavily on non-profit oriented projects; Linux as an OS is a common choice amongst blockchainers, for good reason. The same is true for the whole opensource spirit as a whole, which is absolutely essential for crypto and blockchain technology.

TL;DR (II):
By focussing on money making, the blockchain community misses a huge variety of blockchain applications, leaving the field to well-funded, established and profit driven companies.

To be honest, I am collecting Bitcoin just for the benefit of the money generated. I'm not sure about the true value of Bitcoin, I just use the rising Bitcoin price to benefit from the investment.

Some people collect Bitcoin because they believe that Bitcoin will be the most influential currency for the future of the world. Some say that Bitcoin will be a tool of transactions that replace cash. But I do not think that far, now I just take advantage of the benefits that can be obtained from the Bitcoin price alone.

When I buy/sell/trade cryptocurrencies and ICOs, I'm all about the money.

BUT:

I'm in it for the long run. And that's where "ideology" or however you wanna call it comes into play. Because, a lot of ICO projects are cash grab schemes or outright scams, which hurt the reputation of blockchain technology. That is not sustainable in the long run and I try to avoid these.

For one, I don't want those dicks get rewarded for coming up with bullshit ideas, when their success indicates, that they could use their time and energy to contribute to something actually worthwhile. Give them money and they'll do it again. And again. And so on.

For another, I am not a good trader and see myself getting stuck in uncomfortable positions from time to time. If I do, I don't want to completely rely on some market manipulator to pump an already dead shitcoin, just so I can find a nice exit. Sitting on coins with active devs and a community that knows more than "when moon?" let's me sleep better.

Looking for good projects and avoiding pump and dump garbage actually has nothing to do with ideology, it's a matter of the timeframe you apply.

No i don't invested in the due to the money only, i was bought business, new innovation,  or something solutions on digital currency, investment in the ICOs are mean i am becoming an investor, it is based on the fundamental of projects and for long time investment, i don't think invested in ICOs it just for the money, i am thinking about the money just in trading altcoins activity ( short term investment in  trading is not on ICOs projects).

I really enjoy the financial benefits that comes with it but thats not why I do it. I want to be apart of something that has the potential to change the world. I believe that blockchain is the future and these new ICO's are offering you the chance to be apart of it.

When I buy into an ICO I have to believe in the concept/product. "Will this company make a difference and/or make our lives better and easier?" After that is made evident I really study the whitepaper to make sure there isn't anything sketchy.

Right now I am looking into a few ICO's involved with data security because I think it is becoming a significant issue in todays society. While looking I came across a project called Protex. They are offering a secure way of exchanging your data and keeping it safe. So if you want to start getting into altcoins I hope this helps. And if you wanted to look into Protex here is the link to there website.

http://www.protexproject.io/

->I highly suggest reading there whitepaper. It was done very well and it allows you to envision there platform becoming an actual solution