Topic: Investors failed the community during early ICO era - page 2. (Read 288 times)
In my opinion, both the investors and the project developers themselves are to blame. A working product does not guarantee the success of the project, because this is just a part of what the project developers are required to offer. Now the investors are much more experienced, although the quality of the projects is still low.
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I think the old investor only want to make a profit without learning about what inside of the project, so they fail to make a profit plus they don't know anything about the project. Many investors are greedy to get much money from what they invest, but many of them are forgetting that if they want to invest, they need to know what the project is. So if you're going to become an investor, make sure you know everything about the project, research the benefits of the project, decide after you have a lot of information about the project.
No need to point a finger at investors alone. Everybody in the crypto community including me have some kind of responsibility to discouraged these kind events from ever happening again. Now is the time for reform. 
Not good blame investors for not making the ICO condition better!! Investors became an important person to me because without them a project could not walk. And for what broad promotions do through social media like Facebook, Twitter, and Telegram, if not to look for investors.
Perhaps the blame is those who have malicious intentions by utilizing the ICO to commit fraud. Many investors have lost money, so it is reasonable that these investors choose a good project.
Perhaps the blame is those who have malicious intentions by utilizing the ICO to commit fraud. Many investors have lost money, so it is reasonable that these investors choose a good project.
You can't blame the investors because project team is setting the price and all these things so they need to have right strategy of how to develop their project with lot of other scam and useless project and get more attention to yours.
I blame the investors due to the recent market conditions, they should make research before jumping the bandwagon for quick results. The strategy is the second in most cases. The smart investors go to find reliable projects but others don't care about the project's idea and they want the fast BTC generator tokens. Investors shouldn't manage the risks of the project, the team is responsible for any possible risk on the project. The bounty hunters also have a teaspoon of salt on this soup in my opinion. We must consider every possibility into the account during the decision making the process.
The developers or the team cannot be left out of the blame since they did little to protect their community or users. In the early days of ICOs, many investors profited from the bullish period without thinking about how to sustain the project that gave them that huge profit. I guess it is never too late to fix the seemingly damage that has already been created.
bountysource has already used mostly to give a contribution to solved the issues that already found by the team on its coding. As far as i know, that's very similar with what we have called that as a bug bounty.
If you are looking for that and so many bug bounties already launched but remember about not so many people are having deep knowledge in the blockchain coding area especially to help to build the product. That's why they were investing in the ico with the hopes to see the team can bring a new tech-related to the blockchain.
In this case, investor can't be blamed and i agree with others.
Why put the blame to the investors? do you think that the ICO will emerge few years ago if its not because of them? the developers are the one who holds the project and keeps it updated so what does the investors does?
They invest money to fund that project to sustain the needs of it and expenses of developers. I don't understand why the investors have even been blamed.
They invest money to fund that project to sustain the needs of it and expenses of developers. I don't understand why the investors have even been blamed.
Investors are not interested in ICO when the hype is low. after all it's about money and they don't even care about real products. listing on the market and being able to sell it at high prices is the reality of ICO investors.
We should blame everyone. Not just the investors. Developers too share a lot of the blame. Over a billion dollars were raised during the ICO boom. Less than a quarter of those projects are still alive and operational today. It is good it happened. A lot of investors are wiser now because of it and the quality of project developments too is getting better
You can't blame the investors because project team is setting the price and all these things so they need to have right strategy of how to develop their project with lot of other scam and useless project and get more attention to yours.
That may be one of the problems that ICOs faced but definitely not a major problem. I can tell you about at least five ICOs which already had an working product but they miserably failed at marketing because the developers didn't have any experience in running a profitable business. There were probably great at coding but a successful business requires a lot more effort apart from only coding. Let me give you one example below.
Pryvatecoin! When this company decided to launch their ICO back in 2017, they already had a product available in Google and IOS app store! They were offering a secured communication app very similar to whatsapp and Botim with free voip calling facility. They had a plan to come up with enterprise level communication solutions as well. I clearly remember, that the calling quality was far better than whatsapp back in 2017. It could have become a preferred choice for many people who are frequent in international calling. But pryvate app doesn't exist today, certainly not the company! They failed because of the lack of their marketing skill and lack of their experience to run a profitable business. The ICO was a big failure even after having a great product!
Pryvatecoin! When this company decided to launch their ICO back in 2017, they already had a product available in Google and IOS app store! They were offering a secured communication app very similar to whatsapp and Botim with free voip calling facility. They had a plan to come up with enterprise level communication solutions as well. I clearly remember, that the calling quality was far better than whatsapp back in 2017. It could have become a preferred choice for many people who are frequent in international calling. But pryvate app doesn't exist today, certainly not the company! They failed because of the lack of their marketing skill and lack of their experience to run a profitable business. The ICO was a big failure even after having a great product!
I always wondered why I never saw pledge like bounties on projects, which would have ensured that a product was actually being developed even if was for the testnet. As investors you set the rules, your the one that the project needs not vice versa. Investors failed to established a norm that would have prevented all this chaos and still are. ICO's are not the problem investors are. I was just looking at how Namecoin used https://www.bountysource.com/ to offer a risk-free way of investors to be able to donate while being ensured that a product is actually built. We have failed to utilized the tools that have been right in front of us. Being blinded by greed.
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