Topic: Problem of nowadays ICOs - page 2. (Read 1861 times)
yes, I agree with your statement, for an investor it is a risk that must be accepted, therefore, should an investor analyze in advance whether an ICO has a good prospect or not. so it will not harm the investor.
Don't you think that the problem of ongoing and upcoming ICOs is not the quality of projects (certainly there are scam projects, but there are also a great deal of really working projects backed with technology) but the problem is in the quality of investors who don't really make their research and mostly even don't care do read anything about the project they are going to invests in. They are in rush to buy any altcoins because it seems to be an easy way to make money for them.. What do you think?
Exactly! The problem is not actually on the part of the developers of these new coins and tokens. I have read a lot of ICOs' whitepapers and I have found out that most of these projects are actually interesting and could be a great help in meeting the needs of the people. For me, the problem is on the part of the people who are joining these ICOs. For me, there are two main reasons why a ICO fails. The first reason is that people who join these ICOs don't actually read (or don't have any interest) in reading the whitepaper of the project. The whitepaper should actually be the first thing we should look at if we want to join an ICO. It contains all (or most) of the details about the purpose of the coin/token/project itself. This leads to misuse of the coin/token.
Second reason why most ICOs fail is because of "BUY NOW, SELL NOW" mentality of the holders. People tend to join in ICOs, buy a lot of tokens, and once these tokens are available for trade in exchanges, they sell their coins and tokens immediately. That will result to a pump and dump situation. The worst thing is that once all holders have sold their coins/tokens, the circulation of that certain /cointoken will stop leading to a huge drop in the price of the coin/token.
Problems in ICO's consist of many things.
1 .Lack of quality in concept.
2. Lack of knowledge.
3. Weak team composition.
4. No real information within project.
5. Wrong motivation
6. ICO Investers can be a problem too.
The list can go on and on...ICO's need to be well studied and worked on to be successful.
1 .Lack of quality in concept.
2. Lack of knowledge.
3. Weak team composition.
4. No real information within project.
5. Wrong motivation
6. ICO Investers can be a problem too.
The list can go on and on...ICO's need to be well studied and worked on to be successful.
Don't you think that the problem of ongoing and upcoming ICOs is not the quality of projects (certainly there are scam projects, but there are also a great deal of really working projects backed with technology) but the problem is in the quality of investors who don't really make their research and mostly even don't care do read anything about the project they are going to invests in. They are in rush to buy any altcoins because it seems to be an easy way to make money for them.. What do you think?
You have good ICO's that fulfill most of their goals and your expectations, and you have other ICO's that just try to scam you and pretty much waste your precious time and money! Expectations need to be met, and quality of the entire project is important to reach those goals. Some developers just want money and they dont solve a problem or create an idea that will benefit anyone. They need to deliver something that can work in the real world.
The problem that i know in the ICO nowadays is the false project where they just create an ICO to gather some funds from the crowd but those crowd didn't know that the ICO is fake and the project is just for scamming and stealing money from them and because of that problem it stole a lot of bitcoins and ethereum from people.
Is there any way to detect scam projects? If you have some tips share it here please. All of them have good advisers, whitepaper seems legit and a lot of people invest on that, so how can we find out this is fake or not!?
In fact, I think there is no way to detect phishing projects, most ICOs hide the information about their headquarters, the only information we have. They can find out who their team is, and it is not enough to confirm anything about that project.
Oh, it's really bad for ICOs, I think cryptocurrency networks should figure out how to solve this problem soon, nowadays ICOs are so risky and don't solve any problem at all, just some scammers steal money and after a while maybe SEC start to investigate to find them!! It's stupid!
Don't you think that the problem of ongoing and upcoming ICOs is not the quality of projects (certainly there are scam projects, but there are also a great deal of really working projects backed with technology) but the problem is in the quality of investors who don't really make their research and mostly even don't care do read anything about the project they are going to invests in. They are in rush to buy any altcoins because it seems to be an easy way to make money for them.. What do you think?
Yes..... I totally agree with you. Many small investors just take care about big profit. Otherwise, if the project is cam, though you do a research, you still lose your money. I think before you invest, you should ask people who has experience. Or you can ask in this forum. they will help you.
By the way, the big problem is that even when you are an experienced investor (or you have experienced friends, advisors etc) you can never be sure if the project is scam or no.. Will the project be successful or no.. I think luck plays a big role here, and you should be very lucky to get an appreciable profit from investing. I often hear such statistics luck from 30 ICO's only 2-3 can be successful. Too risky.. So, better to invest only the amount you are not afraid to lose..
Quote
During October, there was request network, kyber network, airswap, jibrel network, paragon, lever J, notary........
Hmm, what finally is with paragon? Is it scam or no?
Most of the ICOs do not show the product, maybe that is the problem. There are different stages of projects, people invest on many stages, but have to know more.
For example:
- concept stage: only idea, paper works
- research stage: evaluating assumptions
- MVP stage: prototyping, working with initial customers
- startup stage: no profit but first customers
- seed stage: there is unstable profit but one can see scale
- VC stage: for scaling
It is how I define the projects. Our token loyalty is between research stage and MVP (we got engine, first R&D, but still introducing it to customers). Most of the projects of research and MVP stage are most suitable for ICOs because participants are often first customers of the platforms built (like our assumption for loyalty system users).
The community often supports projects where there is no product, just got to be informed on what stage the project is.
For example:
- concept stage: only idea, paper works
- research stage: evaluating assumptions
- MVP stage: prototyping, working with initial customers
- startup stage: no profit but first customers
- seed stage: there is unstable profit but one can see scale
- VC stage: for scaling
It is how I define the projects. Our token loyalty is between research stage and MVP (we got engine, first R&D, but still introducing it to customers). Most of the projects of research and MVP stage are most suitable for ICOs because participants are often first customers of the platforms built (like our assumption for loyalty system users).
The community often supports projects where there is no product, just got to be informed on what stage the project is.
Yes quality of most ICO's worry myself. I'm totally agree with you it looks like rush, exactly looks like "golden-rush" in 19th century. Everyone try to get easy money and doesn't worry about projects.
It's a bit difficult to choose the best project caused by they are all in the same quality. I meant as you can see there is no the best ico to repeat the history of the omisego and others. Eidoo project is the only one that already developed and released the useful product in this time and at the same time only a very little percentage of the total amounts of the project in 2017 that released the working product.
The quality of the ico in this time is decreasing.
Yes quality of most ICO's worry myself. I'm totally agree with you it looks like rush, exactly looks like "golden-rush" in 19th century. Everyone try to get easy money and doesn't worry about projects.
Don't you think that the problem of ongoing and upcoming ICOs is not the quality of projects (certainly there are scam projects, but there are also a great deal of really working projects backed with technology) but the problem is in the quality of investors who don't really make their research and mostly even don't care do read anything about the project they are going to invests in. They are in rush to buy any altcoins because it seems to be an easy way to make money for them.. What do you think?
Yes..... I totally agree with you. Many small investors just take care about big profit. Otherwise, if the project is cam, though you do a research, you still lose your money. I think before you invest, you should ask people who has experience. Or you can ask in this forum. they will help you.
Profit is only reason which attract other traders to cryptocurencies. Crpytocurrency is best for this purpose and flexibility makes things much more easy. From my experience i dont advice dy trading. Why someone wanna to waste time with hourly charts if s/he can make same amount with weekly charts.At the end profit matters
Hello,
I think there is too many aidrop.
Consequently, it s hard for a project to stand out from the crowd.
During October, there was request network, kyber network, airswap, jibrel network, paragon, lever J, notary........
Moreover, with the fork and segwit, people could sell their tokens on a price less than Ico price.
I think there is too many aidrop.
Consequently, it s hard for a project to stand out from the crowd.
During October, there was request network, kyber network, airswap, jibrel network, paragon, lever J, notary........
Moreover, with the fork and segwit, people could sell their tokens on a price less than Ico price.
Don't you think that the problem of ongoing and upcoming ICOs is not the quality of projects (certainly there are scam projects, but there are also a great deal of really working projects backed with technology) but the problem is in the quality of investors who don't really make their research and mostly even don't care do read anything about the project they are going to invests in. They are in rush to buy any altcoins because it seems to be an easy way to make money for them.. What do you think?
Yes..... I totally agree with you. Many small investors just take care about big profit. Otherwise, if the project is cam, though you do a research, you still lose your money. I think before you invest, you should ask people who has experience. Or you can ask in this forum. they will help you.
It is the real problem.
Lack of knowledge with the one they will invest with, which is a fools decision that havent thought about.
If money nothing to them then they might do that.
But if you have at least a little importance of what you have, then you will be wise to know what you are risking it to.
Greed is the real problem.
Lack of knowledge with the one they will invest with, which is a fools decision that havent thought about.
If money nothing to them then they might do that.
But if you have at least a little importance of what you have, then you will be wise to know what you are risking it to.
Greed is the real problem.
yes.... i agree with you. greed is the real problem.
you should do research more learn more and find out more before you are taking some decision about ICOs.
more you know about what will you do. more succeed what are you trying for
iam new in this cryptoworld. still newbie inside but i have faith that knowledge is everything
It is the real problem.
Lack of knowledge with the one they will invest with, which is a fools decision that havent thought about.
If money nothing to them then they might do that.
But if you have at least a little importance of what you have, then you will be wise to know what you are risking it to.
Greed is the real problem.
Lack of knowledge with the one they will invest with, which is a fools decision that havent thought about.
If money nothing to them then they might do that.
But if you have at least a little importance of what you have, then you will be wise to know what you are risking it to.
Greed is the real problem.
The main problem is the quality of a project. Some teams even don't have a technological background, don't know their target audience.
Also the other problem is those people who don't really know anything about crypto economy but just participate because of aairdrops or other bonuses
Очень жаль что быстрые ХХХХ.. уже в прошлом.Надо искать новые способы заработка.
Don't you think that the problem of ongoing and upcoming ICOs is not the quality of projects (certainly there are scam projects, but there are also a great deal of really working projects backed with technology) but the problem is in the quality of investors who don't really make their research and mostly even don't care do read anything about the project they are going to invests in. They are in rush to buy any altcoins because it seems to be an easy way to make money for them.. What do you think?
I agree. I think they invest because they have some coins that they don't really use, and many of them don't really realize the value of it. I think as an investor, it should be part of your job to research and not just take chances on any other projects. Investing is risky business as it is, but it can be riskier if an investor would just blindly invest. On the one hand, that's what investors want because to them blind or knowledge, what they need is the money to start up their business.
Last year, I had a vague investment concept and of course I was just a beginner in the market. I had to wait six months to see the results and even more projects took more time to attract new investors. I think that investors should be more willing to study the market and the project they want to invest if not psychologically waiting will make them very easy to make mistakes.
The problem that i know in the ICO nowadays is the false project where they just create an ICO to gather some funds from the crowd but those crowd didn't know that the ICO is fake and the project is just for scamming and stealing money from them and because of that problem it stole a lot of bitcoins and ethereum from people.
Is there any way to detect scam projects? If you have some tips share it here please. All of them have good advisers, whitepaper seems legit and a lot of people invest on that, so how can we find out this is fake or not!?
In fact, I think there is no way to detect phishing projects, most ICOs hide the information about their headquarters, the only information we have. They can find out who their team is, and it is not enough to confirm anything about that project.
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