Stay away from ICO - page 3. | Bitcointalksearch.org

iamnotback

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Quote from: Kray on February 26, 2017, 05:06:40 AM

Now there are three ICO has good prospect(according their whitepaper), humaniq, wetrust and edgeless. In my opinion humaniq is very awesome...

Sorry I will post one more time in this thread, because I think you guys are missing a very important consideration that is lacking in your analysis:

Quote from: iamnotback on February 26, 2017, 05:19:13 AM

Re: Are you a bagholder? Which altcoins do you hold?

As for some of the shitcoins mentioned in this thread, clearly the speculators will buy any idealistic bullshit. The more idealistic nonsense it is, the more likely they will buy it. For example WeTrust is more idealistic bullshit without any realistic adoption case.

As for both WeTrust and especially HumanIQ, there are all these new ICOs coming out for smart contracts running on Ethereum which want to target milllions and billions of users adoption. But Ethereum can't scale!

Quote from: iamnotback on February 26, 2017, 01:05:07 AM

Besides Ethereum can't scale. So anything built on Ethereum can't scale. Casper is fundamentally flawed and will never work.

Also putting large financial value into smart contracts has proven to be very insecure with the DAO attack. The more we proliferate these smart contracts, the more the attack surface grows. In HumanIQ's case, the founder and leader Alex Forte apparently isn't even a programmer.

Kray

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Quote from: Bitcoin-2018 on February 23, 2017, 05:51:41 PM

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

Yea i agree, some ico is not worth to buy. Now there are three ICO has good prospect(according their whitepaper), humaniq, wetrust and edgeless. In my opinion humaniq is very awesome but i still thinking to invest on humaniq, i worry it will belike RISE.

savioroshan

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Quote from: Bitcoin-2018 on February 23, 2017, 05:51:41 PM

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

Buddy, I dont agree with you. Yeah there are some ICO's which are totally scam. But good ones are also there. You have to enquiree a lot before taking any decision. Personally I think QTUM and adzcoin are going to make it hugh. But two days back , I just saw a thread telling QTUM may be a scam. But I dont think so and have plans to invest in that.

BitcoinGirl.Club

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Farewell LEO: o_e_l_e_o

The trend with these cryptos usually is when the developer gets his money from crowd sales that turns to be their exit point and death of the project,but this should not stop good projects from taking off because of shitcoins. Am in support of staying away from some ICOs and buy the altcoins from an exchange when it proves to be worth the investment.

eastwind_ja

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is TaaS a good coin to participate ICO?

sotisoti

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At least Ethereum won't be ready without ICO...

andrei56

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Quote from: Undermood on February 23, 2017, 08:34:59 PM

Taking part in ICO is risky especially for new comers. So the best way to avoid this is to buy it after hitting the exchange. Although the price is pumped several times.

No, I don't think so, a worthless coin is a worthless coin whether it is on the early stages or if it is on the market already, you need to read about the project and familiarize with it and only if you think there is something that could make the coin a success, then you invest.

Socket54

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The way i see it, if you choose to invest in something that can just go poof into the night
then get into it with the perspective that you are going to lose you money.
If you dont and it turns out to be a profitable investment then great.
But dont expect anything from such a risky venture. Expect to lose.

BTC-BTC-BTC

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www.neutroncoin.com

ICO's risks are outperformed rewards nowsaday.

BTCSpearo

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ICOs definitely get a bad rap, a lot of them are total scams, but I don't think the crowdfunding model is going to go away, nor should it. What better way can a group of developers raise funds to produce and market software and then compensate those early investors. When executed fairly, the ICO model is no different than an IPO on the NYSE except that you don't have to have 50K and be an accredited investor to participate. Now the average Joe can participate in the riskiest/most profitable part of the business startup phase.

iamnotback

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My last 2 cents on this topic...

Signing off.

Quote from: iamnotback on February 25, 2017, 03:47:09 PM

Quote from: JosNekoKopa on February 25, 2017, 03:11:56 PM

Who cares if Monero and Dash are scams when you can make good money on every pump and dump.

Scammers take capital out of the ecosystem and spend it on crack, Yachts, booze, and prostitutes.

You personally may get richer (if you are a good speculator), while on average the ecosystem gets poorer, unless of course we are bringing more new fools (and their capital) into our ecosystem from outside of it.

So eventually there could be no ecosystem remaining for you to speculate in.

My opinion is we have a window of time (5 - 10 years?) within which to leverage this opportunity to produce something really significant that could help the world. And to produce a $trillion marketcap.

Any way, please continue what you are doing. Hopefully those who developers who are serious will find a way to operate within this ecosystem so we don't lose the potential.

andron8383

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I think that you have to think twice befoe investing into them.
All situation looks like those premined coins festival.
End of all projects can be same they run away with money and deliver shit.
But from time to time you will find good project to invest in.
No all investments or ICO are bound to success in decentralized economy.
Drugs / hazard / mining / trading / computing power / digital services acros borders at those projects i would say they have chance.
But there is a lot more that looks like pure scam. Cheesy

1st i am remember URO coin

for farmes.
Why people will swith to decentralized economy while they hav GOOD project and working stuff in real.
Is hard to beat REAL asset world with magic internet money.

But not all ICO are bad investment so far many are one + when you invest into it like with gambling.
They longer play goes the harder will be pick right one.
Scams will grow on back valid one for sure.
So if you have missed train try find new one.

SHAWN-MIDWAYS

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All ICOs` present their own risks depending on how well their project plan has been drawn, staying away from them might save you from losing money or can be a missed opportunity to get a good pay cheque in the long run. Sometimes ICOs can be seen as a platform to make devs with selfish intentions to be rich. We could as well stay away to avoid such.

iamnotback

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Quote from: btvGainer on February 25, 2017, 02:23:07 PM

Not sure about currently running ICO but next month there is few good one like WeTrust, TaaS etc coming up.
Taking part in ico is a risk.Sometimes you win and make 4x or 10x profit and sometimes you lose.

Bitcoin is blasting off, and you are going to be stuck holding an illiquid asset while you watch Bitcoin go up 2X.

Doesn't seem like a good time to be taking that risk, unless it is a "sure thing"^TM.

If the maximum raised was limited to $1 or $2 million, I'd be more positive. But $6 million maximum looks like the devs just want to cash out and go play on a Yacht with your Bitcoin.

btvGainer

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Quote from: Bitcoin-2018 on February 23, 2017, 05:51:41 PM

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

Not sure about currently running ICO but next month there is few good one like WeTrust, TaaS etc coming up.
Taking part in ico is a risk.Sometimes you win and make 4x or 10x profit and sometimes you lose.

Bitcoin-2018

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I personal invested in many of ICOs. For me is more for a long term investments make more sense to get them on the exchanges. There are so many bounties dumpers and PnD for quick profits.

Undermood

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Quote from: fortunecrypto on February 25, 2017, 11:40:38 AM

With the current situation I can say that it is a wise decision to wait for it on exchange,there's no guaranty that they are going to sell high in their ico price,some of them are selling at 50% or much lower than their ico price,exchanges are a good indication if the coin is really a strong coin to hold.

ICO coins should be hit on the famous exchanges, like poloniex, bittrex etc, which prove the legitimacy of them at some extent. Because they scrutinizes the coins with strict rules before listing them.

fortunecrypto

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With the current situation I can say that it is a wise decision to wait for it on exchange,there's no guaranty that they are going to sell high in their ico price,some of them are selling at 50% or much lower than their ico price,exchanges are a good indication if the coin is really a strong coin to hold.

iamnotback

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Quote from: lenyro on February 24, 2017, 11:31:27 PM

Wetrust: investment min: 1000 BTC, max: 6000 BTC

Edgeless: min: 50000 ETH(555 BTC), max: 440000 ETH(4884 BTC) current ETH price=0.0111 btc on poloniex.

Edgeless has lower threshold, and not large max like Wetrust. Lower market cap projects will be more profitbale, so IMO Edgeless will be better.

If Edgeless drops that to 2500 BTC, they will win this competition easily and reach their maximum easily. If they leave it so high, they may end up like Ark.io and only get 1000 BTC or less (and possibly be underfunded leading to failure). But I don't know for sure because there are a lot of speculators who are not calm, cool, level-headed, and who are easily swayed to swing the bat at lower odds of success.

Too much money upfront can be an incentive to never finish the project.

Both have a maximum that is way too high:

Quote from: iamnotback on February 25, 2017, 11:16:57 AM

And what happens when the escrow people have different judgement than some or many of the ICO investors?

Discord? "Oh well"? Suckers!

And what happens when the escrow bean counters are not visionaries and screw up the developers who want to remain fleet footed and flexible?

There is no governance that solves the problem of giving developers $5 million and then expecting them to meet some pie-in-the-sky promises. Much better don't give a lot of money for promises. The developers need $300,000 for 12 months with 3 developers, then okay. Or you've got industry savant s/w engineers so they need $500k for a year of development, then maybe okay. But $5 million?!?

I developed CoolPage (a million user product) in my Nipa Hut in the Philippines while eating rice and salt. Nobody gave me a damn penny. Then I released and earned up to $100,000 a month (inflation adjusted).

Work before pay. Money down only before panty down (because men lose interest after they cum).

SONG GEET

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Quote from: Bitcoin-2018 on February 23, 2017, 05:51:41 PM

Nowsaday, I don't think there is any ICO worth to invest anymore.

I am thinking about investing in Qtum, ICO will be started from march. I have invested In KMD but they are still under ICO price because they haven't got listed in polo, so you can buy some cheap KMD from other exchanger and hold till it get listed in polo.

Topic: Stay away from ICO - page 3. (Read 4206 times)