Is it possible to make good profits through ICOs? - page 5.

Quidat

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Quote from: PercT4b on June 30, 2021, 05:20:14 AM

Hi there, I was looking at a couple of ICOs on CMC today (especially at Safelaunch) and it's been a while that I started to analyze the "results" of some previous ICOs like Centrifuge, Bytenext and other random coins.

I noticed that their ICO price was way lower even than the very first opening price, so I was wondering if it could be a good idea to regularly take part in these events, and, if an ICO allows me to freely manage the money I placed in it (for instance, immediately taking back my money if my profit target has been reached).

P.S: with "good profits" I don't mean bullshit like 10x, 100x and "to the moon", (obviously everyone has a different conception of "good profits"), but a decent amount of money that allows me to make an accumulation plan, would be great to see other people's experience.

I have long time turned my back into ICO thing since this trend or market had really involved lots of shitty and scammy ico out there but surprising i wasnt really expecting that it do still
exist nor still relevant even up to this day considering on that tainted reputation because of what happened in the past and also surprisingly on where there are still investors who do really
still get engage with these things believing that they could still hit up 10-100x profits of their investment.I dont know if this still possible nowadays or not already.
You wouldnt know if you wouldnt try but i would say the risk would really be on the roof.

Mihawk

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Investing in ICOs nowadays takes a lot of courage, I say this because there is no more innovation and most things are not applicable and useful. These issues must be taken into account otherwise the project is a target of pure speculation. This need to be applicable is everywhere in cryptocurrencies, but very few projects can guarantee it. In addition, ICOs are already marked as things that are only valued and devalued and with that it will take a huge filtering to find something decent.

fvb

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There are very few such projects, but they still exist. I have come across such platforms more than once, and in some I even took part as an investor. And I was very pleased with my investments, as well as the percentage I received from participation.

Argoo

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Quote from: isaac_clarke22 on June 30, 2021, 05:39:41 AM

I might be living under the rock, but are ICOs still a thing these days?
I never looked into one after they all started to disappear back in 2018.
Many of them turned out to be a scam back then.

For OP, I would just say that if it is a running ICO better do the usual DYOR.

Now you can see that the market capitalization is growing very much due to altcoins, and if you get to know this issue deeper, you can see that many new coins and tokens give profits even much more than bitcoin, ethereum and some other top coins. Therefore, some ICOs continue to be relevant. It is important to correctly convert the required cryptocurrency as an object for your investment. Here, everyone should have their own approach, their own strategy and tactics.

Wassabbi_

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Of course, just do some research to choose the right project. You can look into Black Eye Galaxy, it's a decentralized cross chain NFT token that enables users to buy a solar system and planets. People can earn by staking.

Pamadar

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Quote from: Balmain on July 01, 2021, 12:27:31 PM

It doesn't make sense to invest in icos for now. It can be evaluated in the bull season, but it is necessary to do good research, new projects are added to the market every day. It is not easy to get good projects as well as it used to be. You need to draw or stake, or different sales methods are applied to get it. You said bythnext, this project was pre-sold on bscs, for this you would need to stake bscs.

You need to extend your time analyzing the project, it's not easy to pick from those many new tokens that being created.

More on self assessment and observation, if you feel the potentials after doing your research then it's a good sign to continue investing
with the project, but if you are still hesitance to take part taking your time to think more careful before making your decision, there's always a risk you can lesser that by doing your home work.

RealMalatesta

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Quote from: lixer on July 01, 2021, 08:49:53 AM

Honestly this is a surprise for me because people are still talking about ICO; I was thinking like people will know more get attracted toward ICO as IEO and other similar crowd-funding mechanism have replaced ICOs some long time back itself. Still I'm sure, if devs plan for ICO on this forum then definitely they may not able to achieve the target level of funds as most bitcointalk users are aware of dangers of investing with new and unknown projects.

ICO prices are cheaper and anything which is available for cheaper price does not guarantee you to make good returns. So, do not look for cheaper prices but always look into reputed projects so that you could get good returns for your investment.

Yeah, these days we have less of that and more of fee's in the coins usecase which is what the developers making money from. ICO was a thing only because developers of a project wanted money and nothing more, a coin should be good all by itself after it is published, is Satoshi around to still make bitcoin good? Or does vitalik/CZ ask you to give them some money to make ethereum/bnb good? They are making money however and that's it, nothing more.

These days we are back to that, like look at pancakeswap, they are not asking you to give them money to make cake any better, they charge you a fee for the farming and swapping and that's about it, nothing more. That is what you should be looking for and nothing more, if a project is asking you to give them money so that they can use that money to make the project better, they do not deserve your money to begin with.

sujonali1819

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Quote from: PercT4b on June 30, 2021, 05:20:14 AM

P.S: with "good profits" I don't mean bullshit like 10x, 100x and "to the moon", (obviously everyone has a different conception of "good profits"), but a decent amount of money that allows me to make an accumulation plan, would be great to see other people's experience.

Making profit in ICO's is possible even You can earn profit more than trading. But here you have a big chance to lose due to most of the project are now scam , some are go away after finishing ICO, some are don't get listed in big exchange after ICO, Some don't try to go long their business. So Fast of all you have to choose the right project. Then you can earn some profit from it. Otherwise you could lose all you capital by investing in ICO's. It looks like gamble to me.

bL4nkcode

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Limited in number. Limitless in potential.

Is ICO still a thing today? I thought they are just history now.

Better to invest on IEOs. Binance launchpad is way better than these ICOs today. They're not even profitable now, but may? but only after several months or years lol when they get listed on popular exchanges.

Balmain

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It doesn't make sense to invest in icos for now. It can be evaluated in the bull season, but it is necessary to do good research, new projects are added to the market every day. It is not easy to get good projects as well as it used to be. You need to draw or stake, or different sales methods are applied to get it. You said bythnext, this project was pre-sold on bscs, for this you would need to stake bscs.

Botnake

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Quote from: lixer on July 01, 2021, 08:49:53 AM

ICO prices are cheaper and anything which is available for cheaper price does not guarantee you to make good returns. So, do not look for cheaper prices but always look into reputed projects so that you could get good returns for your investment.

No, the right thing to do is, do not to invest in ICO anymore.

Why would anyone still be interested in investing in ICO when it's already obsolete, it's easy to invest but the risk is high due to the fact that there are no successful ICO now, and this platform are only used by scammers. How about old coins, I mean old coins that are undervalued, I think they are way better than investing in ICO as they are on exchanges and you can tract their performance.

lixer

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Quote from: PercT4b on June 30, 2021, 05:20:14 AM

I noticed that their ICO price was way lower even than the very first opening price, so I was wondering if it could be a good idea to regularly take part in these events, and, if an ICO allows me to freely manage the money I placed in it (for instance, immediately taking back my money if my profit target has been reached).

Honestly this is a surprise for me because people are still talking about ICO; I was thinking like people will know more get attracted toward ICO as IEO and other similar crowd-funding mechanism have replaced ICOs some long time back itself. Still I'm sure, if devs plan for ICO on this forum then definitely they may not able to achieve the target level of funds as most bitcointalk users are aware of dangers of investing with new and unknown projects.

ICO prices are cheaper and anything which is available for cheaper price does not guarantee you to make good returns. So, do not look for cheaper prices but always look into reputed projects so that you could get good returns for your investment.

Questat

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Quote from: ?? on ??

To make good profits through ICOs is possible but its very hard to find such ICOs. Most of the ICOs turn into scam and they just want to stole people's money. Without proper research it is not wise to invest in ICOs.

You can never find such an ICO, I mean, their time has done already (last 2017) and we are now moving to Defi and NFT projects.
I could say that during their time many investors had made a huge profit as the market is in Bullrun but after the hypes, they are dying and some turn to scams. Most of them are already abandoned by their developers doing an exit scam and until now, people are still hoping that they could make some money from them? It just a waste of time for me.

blockman

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It's not a good option and time to invest anymore with ICOs. Just so you know the days of ICOs were now gone and it's not ideal to put any amount with it. If you think that you can still get good profit with it, maybe you can but most of the ICOs that might exist in the future, probably are not serious with it and you have no idea if the team is serious with what they've started. And if the crowd says that you shouldn't invest in it then do not be surprised if you'll only get the same opinion and suggestion that it's not ideal to invest in any of those today.

akirasendo17

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the answer is yes, but, there are things you need to consider about ICO, if this were just sent to you by random email, there is already a hint there that it will be a bad idea to invest, second you have to choose where to invest, by making a research about the project and what they have to offer, look for a person in their company who might be already in the business and have a good image, from the community, and lastly, ICO really have probability to make good profits but here is the problem, investors are too greedy and want more , they don't get any capital or small portion of the profit, they want more, so when bad things happen, their capital and profit are gone, don't be too greedy a profit, is a profit.

tvplus006

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Quote from: Lee_Mire on June 30, 2021, 10:06:50 AM

Are ICOs still even a thing? With that being said, the earlier you get into an investment the more gains you will make. But with those gains comes risk. New projects are way more likely to fail and are magnitudes of times more risky than established projects.

Despite the fact that everyone understands that during the private and seed round, the coin price is at the minimum values, not everyone can participate at the early stage of the coin sale. As a rule, the sale of coins at an early stage is carried out in the amount of 50 thousand dollars and above. And if you do not have such an amount, you will be able to buy the coin no earlier than the public sale round.

trauchot

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There are many excellent projects that conduct ICOs and in which you can participate and, of course, if the project turns out to be very popular and in demand, you can get a good profit from your investment in this project, but the main problem is that most cryptocurrency companies that conduct ICOs are actually scammers and therefore now it is very difficult to find a really worthy project that conducts ICO and which, after receiving your money, will not turn out to be scam.

bakasabo

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Quote from: Xsinx on June 30, 2021, 10:18:25 AM

ICO is a thing of the past, Its better to buy or invest in a tradable or liquid token rather than invest in a whitepaper or to an idea.

Why then you are promoting "an idea or a whitepaper only " by yourself ? Do you think that polkadog will have a huge liquidity and demand? Just another dogecoin imitator. There were tens of them in the past, there will be many more in the future.

I disagree that ICOs are "things of the past". No doubt that the number of them has decreased, but this is due to people understood that is no use to put blockchain in every ridiculous idea. There are still plenty of cool ICO, we just dont know much about them, because their hardcaps are raised during private sales.

Xsinx

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ICO is a thing of the past, Its better to buy or invest in a tradable or liquid token rather than invest in a whitepaper or to an idea. But there are still few good ones if you do some research you might find a hidden gem.

Lee_Mire

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Are ICOs still even a thing? With that being said, the earlier you get into an investment the more gains you will make. But with those gains comes risk. New projects are way more likely to fail and are magnitudes of times more risky than established projects.

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