Is it safe to participate in ICO's? - page 124.

Cranidos

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Quote from: bcnaranjo on September 29, 2017, 04:37:22 AM

Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.

I have the same concern. There are lots of ICOs that it's hard for me to choose where to invest and which ones are safe investment especially that I'm still new with alternate cryptos and I don't have a way to figure which are a good deal. Right now, I have a professor friend who's been into trading and investing in various ICOs and I'm relying to his assessment and so far I haven't been scammed thanks to him.

Anita1873

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It depends on the selection of your coin and how you select your coin. If you do due diligence and study whitepaper, viability of project and success ratio of particular concept in the market, then it is safe to participate in ICO. If you just see the site and put money without any study of anything then maybe your money at risk.

hua_hui

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Quote from: hua_hui on October 03, 2017, 11:27:19 PM

Definitely it is not safe to participate in ico. There are too many cash grabbing ico floating right now. That is why countries are starting to ban icos as a lot of projects will end up with false promises and all your investment in the ico will be gone. There is also a lot of projects that does not need to have blockchain implemented but because they know that ico is easier to raise more money and easier to carry out, they just incorporate blockchain with no real purposes so they can get more funding.

I also would like to highlight beside finding the right ico. Do be very careful of the scam that will emerge from it. For example, the enigma ico, the hackers manage to hack the website and obtain the email list. So they change the official website to suddenly a live sale and put their own hacker's eth address there. At the same time, they sent out mass email to the whitelist participants to inform them about the sudden ico sale. Even professional traders also got tricked by it and the hackers got half a million within a few hours.

allycn

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It's risky as it is any other type of investment, but you shouldn't invest hoping it becomes the next BTC. Yes, you invest hoping it will bring profit, but it is best to stick to realistic goals.
Do your research (check the team, if it is a concrete idea with realistic goals, the token applicability in the real world, etc.), but if it looks too good to be true (like unrealistic returns) it might be better to stay away.

erox

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ICO is high risk, but this risk offsets the possible benefits. Sometimes the coins after ICO rise in price by 700% and more.

onrise

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Quote from: smsupto on October 03, 2017, 10:42:50 PM

I think earn enough knowledge for this ICO which project you agree for investment. When you have enough knowledge about this ICO then you chose right decision for investment.

Its very important to have knowledge about the team who is bring the ICO. Also check the campaign if they are running and have they escrow the funds, are they paying the payment to participants on time, is the registered office in your country then you can go visit them as well which will give you more confidence and will get better vision about the project.

nareshrohra

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No, it is not safe to participate in ICOs. You should be able to understand which is good and legit. There are many scam ICOs running around. Do a thorough study before investing in an ICO? There are many sites where you can find reviews for ICOs. I suggest you go through 2-3 such reviews before investing in any

hua_hui

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Definitely it is not safe to participate in ico. There are too many cash grabbing ico floating right now. That is why countries are starting to ban icos as a lot of projects will end up with false promises and all your investment in the ico will be gone. There is also a lot of projects that does not need to have blockchain implemented but because they know that ico is easier to raise more money and easier to carry out, they just incorporate blockchain with no real purposes so they can get more funding.

swoolzze

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Quote from: bcnaranjo on September 29, 2017, 04:37:22 AM

Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.

The abbreviation of ICO is Initial Coin Offering which means that someone offers investors some new units of a new cryptocurrency. I believe it is safe to participate in ICO's if you find a trustworthy one, just be sure to found them. It can be a scam if the one whose managing it was deceitful. So learn something useful for their projects to help them.

smsupto

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I think earn enough knowledge for this ICO which project you agree for investment. When you have enough knowledge about this ICO then you chose right decision for investment.

cryptokitty

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Global Blockchain Solution For Transportation

More have been telling that you can earn a lot in ICO but i think before you invest in ICO you need to verify first if that is not a scam to avoid any great losses instead of great profit. Grin

v3liana

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Quote from: ldah94 on October 03, 2017, 08:11:44 PM

Before investing in a ICO, you should investigate the currency, what the project is about, read the whitepaper, see team developers, road maps, and they reply to critics, know if it have social networks. Participate in ICOs is a good form of investment but if you do not choose well you could get ripped off so don´t invest more money or time than you can afford to lose.

before investing you do need investigate all thing related to ico. and we need to look in to community to make sure yours investigation is the right thing.

ldah94

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Before investing in a ICO, you should investigate the currency, what the project is about, read the whitepaper, see team developers, road maps, and they reply to critics, know if it have social networks. Participate in ICOs is a good form of investment but if you do not choose well you could get ripped off so don´t invest more money or time than you can afford to lose.

darylalban

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Anything can be a scam nowadays. When it comes to ICO's, it's really how much effort you put into research. My process includes reading the whitepaper, look at the the founders/advisors (this is the most important step), and the obvious: how good the concept is. The last part might require some intuition of the market, but is pretty fair to spot when others are talking about it (so join groups and ask questions).

A good example of a successful ICO was civic. All you had to do was look at who started it: Vinny. And then from there, you have a good idea of the odds.

With more current ICO's happening, I read about UnikoinGold and that one's really interesting. Read into the founder Rahul and the people backing and advising. Ashton Kutcher's venture fund and Mark Cuban are into it. One of the co-founders of Ethereum is an advisor and they're close with Jaxx. Also, the concept is pretty rock-solid. For me, this is a great indicator of a successful ICO.

And since I'm preaching out always reading the whitepaper, here's there: https://static.unikrn.com/4242/unikrn_bm/doc/whitepaper_en.pdf

ramsdaj28

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اللعنة

Quote from: bcnaranjo on September 29, 2017, 04:37:22 AM

Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.

You can never say if an ICO project is going to be successful or not. There's always risk in the world of cryptocurrency. The success of an ICO will depend on how people accepts it and how the team/developers endorse their token/coin. But one thing is for sure - it is worth the risk once the ICO you've joined is successful. Just like what they've said, "no pain, no gain". Take the risk and see what happens next.

astrid.uchiha24

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yes but make sure you do some research regarding the people and the objective of the ICO you want to participate, if there is somethigg wrong with those two you better stay away from it before it is too late.

imperatron

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I think its not safe to participate in ICOs in thad bad times for ICOs. A lot of scammer are arroung, so better watch out guys! Invest in some real projects and do enough research!

Bagaji

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Quote from: bcnaranjo on September 29, 2017, 04:37:22 AM

Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.

Well, there are some of the ICO that are good and legitimate and at the same time, many of them are coming up with shit project of which one need not to invest his/her money in them. All depends on your due diligence exercise to know which one is good and legitimate for you to invest your money.

GoodOne

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Quote from: tanghere02 on October 03, 2017, 10:25:56 AM

Quote from: nightwishx on October 03, 2017, 10:21:52 AM

of course it depends what ICO you mean and you follow. indeed today many ICO scam, but surely not all of them. I think there is a good project and you can do a lot of research to choose a good project.

Exactly, there are actually a lot of good ICO's you just have to be sure which of these ICO's are worth it and do a lot of research on the project, their roadmaps and the developing it. I think those are the basic information you have to gather when you want to know if the ICO is a scam or not.

Completely agree. First of all you have to do your own due diligence, but if you are unable to perform full research or there is not enough info - this is the first and main fishy sign.

Quote from: X-ray on October 03, 2017, 10:28:38 AM

I always consider a project that already raised money from private or angel investors even before they announce an ICO in the bitcointalk. that'll be a plus point because they put an effort to atleast seek for real investor that passionate with their project, and I can think that if that investors investing that much money into this project, it's reliable.

X-ray, your point of view is brilliant. I wish all projects that I've been interested in were publishing this info.

FiiNALiZE

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Quote from: AlexRej on October 03, 2017, 11:29:02 AM

There was a saying that it's not safe to live - people die from this. There is always a risk. The catch is to measure the risks and potential profits carefully.

Lol.

It should depend on what kind of project it is, if the proper amount of researching doesn't give any insight on what the project is about then it would be unsafe to invest in.

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