Is it possible to make good profits through ICOs? - page 7.

tvplus006

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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)...

Many projects block the coins of their investors for a long time, which sometimes happens to be equal to 2 years. Obviously, this is done so that there is no mass dump when investors receive coins. In this case, as a rule, 10% is unlocked monthly, so you will not be able to sell all your coins even if the price has reached the values you dreamed of.

isaac_clarke22

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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.

cryptoaddictchie

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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).

Not all ICOs a re profitables. Some can also have a normal entry price or even traded at a common price. There are some ICOs Ive participated with some really good IDO on good platform but still it goes down. Some of you mentioned were from coinlist and that platform handles a good project.

Some can really do a good multiplier but some also were bit normal. I can see this as based on hype or quality of the platform you gonna choose.

PercT4b

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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.

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