[News] Feeling uncomfortable, but we should know it

ovcijisir

sr. member

Activity: 1491

Merit: 320

🐪

Quote from: dumplingsandsushi on February 26, 2018, 03:25:57 PM

Here's a different way to look at it:

Over 85% of startups that receive traditional funding fail.

So compared to crypto's 50%, then, well, ICOs are a GODSEND.

I believe and am a supporter of the ICO structure.
It is the genius of blockchain technology put directly into action.

Rather than catering to large investment firms, icos disrupt the status quo and allow for people to go straight to their customers for support.
Yes, 50% failing is scary, but compared to the traditional financing world that has the odds stacked against you before you can even start, then ICOs are healthy and vital to the future of a decentralized financial world.

Let me end with one more personal positive note:
A good friend of mine and his colleagues were able to get his idea of a crowdsourced thinktank a reality through the power of ICOs.
Their company?
crowdholding
check it out. Stuff like this isn't possible in the traditional financing model yet through ico's, it is very much a reality.

ICO's are good thing form liquidity prespective. Projects can get invested in pretty easy, but there is high risk of failiure just like any startup.

dumplingsandsushi

member

Activity: 476

Merit: 41

Here's a different way to look at it:

Over 85% of startups that receive traditional funding fail.

So compared to crypto's 50%, then, well, ICOs are a GODSEND.

I believe and am a supporter of the ICO structure.
It is the genius of blockchain technology put directly into action.

Rather than catering to large investment firms, icos disrupt the status quo and allow for people to go straight to their customers for support.
Yes, 50% failing is scary, but compared to the traditional financing world that has the odds stacked against you before you can even start, then ICOs are healthy and vital to the future of a decentralized financial world.

Let me end with one more personal positive note:
A good friend of mine and his colleagues were able to get his idea of a crowdsourced thinktank a reality through the power of ICOs.
Their company?
crowdholding
check it out. Stuff like this isn't possible in the traditional financing model yet through ico's, it is very much a reality.

commanderbitcoin

member

Activity: 238

Merit: 10

Quote from: SW_Lee on February 26, 2018, 10:48:38 AM

Hi all,

Fortune has just reported that nearly half of ICOs in 2017 have died.
Bitcoin.com informed that 142 failed before raising funding, and another 276 failed after fundraising.
It is a 46% failure rate.

Therefore, we should analyse them cautiously rather than believing others' posts too much without any proof.
Finding promising ICOs is not easy, but will let you be a millionaire with efforts.

Have a lovely day

http://fortune.com/2018/02/25/cryptocurrency-ico-collapse/

It doesn't affect me at all because I don't buy on ICO. I make sure it is being traded in a known and reputable exchange before I buy it. Though I think the report is right that is why you must have an eagle eye to determine which project will make it and which is not.

godzillarekt007

full member

Activity: 266

Merit: 106

Floki Robot

Honestly I am not surprised and in fact am surprised that the number of failure isn't higher. Give it one year and I believe that number will be north of 90% maybe 80% if some projects are on their last legs.

r32godzilla

hero member

Activity: 1361

Merit: 506

Quote from: SW_Lee on February 26, 2018, 10:48:38 AM

Hi all,

Fortune has just reported that nearly half of ICOs in 2017 have died.
Bitcoin.com informed that 142 failed before raising funding, and another 276 failed after fundraising.
It is a 46% failure rate.

Therefore, we should analyse them cautiously rather than believing others' posts too much without any proof.
Finding promising ICOs is not easy, but will let you be a millionaire with efforts.

Have a lovely day

http://fortune.com/2018/02/25/cryptocurrency-ico-collapse/

Most of the ICOs fail today.So to minimize the risks,we should try to invest in ICOs launched by institutional companies as they already have steady base in the market and so the chances of their projects getting failed is very less.Also,we must take care to invest in ICOs of companies related to blockchain technology as five of the most successful ICOs in the history were related to bitcoin technology.

PalmerLaura

member

Activity: 116

Merit: 10

IPSX: Distributed Network Layer

That's not news, that's what we all knew but was hoping for the best Grin

Crypto market gets more mature and complicated and we must be more attentive to what coins and ICOs we invest to

SW_Lee

newbie

Activity: 56

Merit: 0

Quote from: Haunebu on February 26, 2018, 10:52:43 AM

Already knew this and I am not entirely sure that their percentages are accurate. It is obvious that there are many scammy ICOS in the crypto world while some of them are legit and research must be done to determine whether an ICO is legit or a scam ICO. Luck also plays a crucial role in determining whether we profit from our investments or not in this aspect. Such news will scare off many people, but not me since I am accustomed to such news and this might affect the crypto values temporarily, but the market will regain stability in the long run.

Yes, that is why I said 'it is uncomfortable to know' but we should admit that it has a low successful rate, therefore, we need to analyse them cautiously rather than just being scared of them.

arjuna BTC

sr. member

Activity: 994

Merit: 250

BabelFish - FISH Token Sale at Sovryn

i believe that news my friend
all of us know, at this moment a lot of ICO project show up without any new features and tech
and this is why most of investors didn't interested
because investors need to keep their money safe, and make a profit in their investments
smarts investors will always choose ICO project with new features inside mate Wink

Clausewitz

newbie

Activity: 27

Merit: 0

46% is nothing. Be prepared for a 90% failure rate in the next years.

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Already knew this and I am not entirely sure that their percentages are accurate. It is obvious that there are many scammy ICOS in the crypto world while some of them are legit and research must be done to determine whether an ICO is legit or a scam ICO. Luck also plays a crucial role in determining whether we profit from our investments or not in this aspect. Such news will scare off many people, but not me since I am accustomed to such news and this might affect the crypto values temporarily, but the market will regain stability in the long run.

SW_Lee

newbie

Activity: 56

Merit: 0

Hi all,

Fortune has just reported that nearly half of ICOs in 2017 have died.
Bitcoin.com informed that 142 failed before raising funding, and another 276 failed after fundraising.
It is a 46% failure rate.

Therefore, we should analyse them cautiously rather than believing others' posts too much without any proof.
Finding promising ICOs is not easy, but will let you be a millionaire with efforts.

Have a lovely day

http://fortune.com/2018/02/25/cryptocurrency-ico-collapse/

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