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Topic: Stay away from ICO - page 4. (Read 4206 times)

sr. member
Activity: 448
Merit: 250
electroneum.com
February 25, 2017, 11:02:23 AM
#31
There are very few good ICOs.

I have made money off them, a ton off a few. No escrow is the key dead giveaway of shit, and escrow terms, too. If they are not too loose, and you figure what standing it will have in our current environment, as long as they are forced to do what you are using as postitive data in your analysis, you can see the money. Literally. Thousands of percent profit. But rare.

When you see these ICOs, think about what everyone buying is going to do. Is the information you have problably the best its going to get? Then, most likely everyone has the same plan; sell right away. Which means it won't be going up.

Do they have a great idea? And plan to pull off an even better idea, and people believe in it long term? Then the ICO price is a deal. But this happens 2 times a year if that.

Sure, some go up. But PnDs dont count, you cant predict those unless youre in the know
legendary
Activity: 3416
Merit: 1225
Enjoy 500% bonus + 70 FS
February 25, 2017, 09:33:31 AM
#30
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.

Yes it is a good idea,some icos do not land on exchange with a much higher price then their ico price,almost 90% of these ico coins,it's a good idea to really wait for the coin to arrive on exchanges so you can be sure if the coin has demand in the market or just a shitcoin,ico's coin when they hit the market are being flooded by dumpers,from miners and bounty hunters.
hero member
Activity: 595
Merit: 500
February 25, 2017, 09:16:18 AM
#29
some ICOs can change your life. NXT, IOTA, NEM, LISK created great profits for investors, you just need to exit in right time, that is second hardest thing after choosing right ICO.
full member
Activity: 154
Merit: 100
***crypto trader***
February 25, 2017, 02:18:30 AM
#28
I personally hate all ICO, IPO. Those all are scams
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
February 24, 2017, 04:16:59 PM
#27
I've been attracted to ICO's especially when their marketing is very attractive. Mostly if they are everywhere in the forum, if you can see their advertisement you get curious with it. And it really depends on how yourself will look into it but if you know their road map, then just don't invest it or else you are investing to a dead coin.
sr. member
Activity: 473
Merit: 251
February 24, 2017, 02:49:18 PM
#26
You can not just go after your experiences. Maybe you've just put on bad ICOs.
There are good examples of ICOs in which the participants have made great gains, for example Ethereum, NEM and Nxt.
IOTA is not yet listed on exchanges, but the news point in the direction that the ICO will also be worthwhile for the participants.
You have to inform yourself well in advance about the project.
Surely there are also many bad ICOs and even scams.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
February 24, 2017, 11:52:40 AM
#25
ico would be good for me if there was a pow phase with it not pure ico which is bad and good only to kill your coin, they don't understand that without a proper slow distribution you can't have a good coin, if you sell all the coin early, these coins will be dumped at 100% this is certain like the sun
legendary
Activity: 3262
Merit: 1376
Slava Ukraini!
February 24, 2017, 10:24:00 AM
#24
I'm started to avoid ICO's because after mostly of investments I only lost my money. I don't invest in ICO's anymore, no matter how coin looks promissing. I don't know why there still so many people who are investing in it. ICO concept is just another way to scam people.
legendary
Activity: 1302
Merit: 1027
February 24, 2017, 09:53:57 AM
#23
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.

What you are telling is the best current scenario of not Investing in ICO but better leave the coin finish their ICO and other parts and after they get listed wait for some days and you will see that bounty hunters are dumping their coins that time is the best time to buy the coins from the exchange because as soon as the coin start to pump you can make profit very soon. because nowadays all ICO are very long and even after ICO they are taking time to list in exchange in that mean time if you have bitcoins in your wallet you can do some trading and earn much better then investing in ICO.
legendary
Activity: 1666
Merit: 1001
February 24, 2017, 09:42:46 AM
#22
ICO is a very risky things to buy, and most of the coins are dead coin and there are a lot of scammer from ICO, i will suggest to really take your time to do research and gather all the information that you can if you want to invest in ICO, if you are not sure then you better not invest in ICO
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
February 24, 2017, 09:02:02 AM
#21
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.
Maybe you are less scrupulous in seeing a project ico. if you want to join the investment you have to see whether the project is good or not. in terms of team and update the ico. one more important thing escrow
sr. member
Activity: 454
Merit: 250
This industry is pure fiction
February 24, 2017, 04:14:28 AM
#20
ICO is a good concept that has been used for evil in crypto. If all ICO money truly went into development then we'd be much further forward as an industry.

I reckon that a majority of BTC invested in ICOs has not been sold for FIAT (to aid development). It sits there waiting to make millionaires of a few indivduals (when the heat dies down).
sr. member
Activity: 291
Merit: 250
February 24, 2017, 03:51:58 AM
#19
You input good info, but personally I like some ICO, like edgeless, their idea is revolutionary. Not every ICO is bad, look ETH, STRATIS, NXC are multiple times higher of ICO price, therefore we can be profitable from good ICO.
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
February 24, 2017, 03:13:45 AM
#18
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.
In about 80% of the cases it us worst to buy altcoin or any tocken like things in ICO because there Is always remain a big risk that whether it will go launch in any exchange or not ( it happened two time with my friend) .
so if you want to invest your bitcoin in ICO you should invest for the same altcoin at the instant of launching .
In this way you will get profit because in the starting of launch the price of the altcoin that is launch usually remain low but for small time of about 1 week it goes high .
So here most of the time we have better chance to make money 
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
February 24, 2017, 02:36:13 AM
#17
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.

the concept of ICO is a bad in my opinion and there is absolutely no need for any developer to take money this way.
I see many claiming they gather money for development, and I personally find two big things about this concept.

first is the fact that they are not developing anything but mostly copy pasting and changing the name only and the rest are just fooling people because they are better programmers but they are not developing either.

second is the fact that it is an open source community and you don't take money to create an open source project, that is just silly. if you want money then go take a job and make money. have you even thought one of the reasons why bitcoin is successful is that Satoshi wasn't thinking about money? and he is a multi millionaire now with all the coins he holds and not yet sold.
sr. member
Activity: 336
Merit: 265
February 24, 2017, 02:05:17 AM
#16
Re: WeTrust ICO Funding Goal

Seem everyone believed 1000BTC should be the minimum cap, What I don't understand is that do this project need ICO in the first place. I have looked into the project and I believe this can be achieved without ICO funding

What about the maximum which they've set at 12,000 BTC!?!

That means if you buy this early for the 30% discount, then you don't know if they won't raise $15+ million, thus diluting your holdings with a huge marketcap (in terms of what $15 million cash would do to a marketcap either on upside or downside via selling pressure, that is the realm of $100s of millions marketcap of buying and selling pressure because marketcap is most always a multiple of the new cash that was actually invested on the exchange, because for example if the marketcap is $10 million then selling $1million can move the marketcap down to less than $9 million perhaps as low as a < $5 million). And then they have no incentive to actually believe and work hard to make the project a success, because they already cashed out $15 million!

Their plan is pie-in-the-sky and thus very likely won't pan out. IMO, that is why they want to cash out upfront instead of making their money on the appreciation of the price of the tokens long-term. If they set the maximum raise to something reasonable, then I might have more belief that they are serious about risking their own effort and time. But noooo, they want to get rich without any risk.

And then you need to know the reputation of the escrow agents:

First thing to check on ICOs are the Escrows being placed. If there is none, you should be careful and try to avoid those.

I wrote:

Btw, the guys who are escrowing your ICO include Vlad who has produced technobabble bullshit about Casper for years. And nothing to show for it. Joe appears to come from that same Ethereum technobabble delusion.

Jae Kwon banned me from the Cosmos (Tendermint derivative) Github because I showed technically and factually why their system security was entirely broken.

If you keep giving $millions to the same group of guys that keeps producing nothing but years of technobabble bullshit, then why are you all surprised that our ecosystem is all shitcoins and scams?

Shouldn't people be held accountable for their past performance?

4. The scams and constant striving for profit. It's ugly and non-tech users are put off. I am. It's never ending and I have no ideas to make my own IPO/ICO and profit as well!

What you really mean is nobody is serious about solving the hard problems.

Hey and I tried to tell you that Ethereum was just a "scam" (play money for Vitalik & friends) but you were adamant that is wasn't. I told you more than a year ago that Casper would never work. Ethereum was a valid experiment but didn't need to cost $18+ million (not including the cost of the DAO attack). Some speculators made a lot of money. But it was never a properly vetted project (many of us told them at the outset that Turing complete and blockchain was a disaster waiting to happen).
sr. member
Activity: 588
Merit: 250
Crypto is Life!
February 24, 2017, 02:03:05 AM
#15
ICOs are best to invest because you get a good ROI after it hit exchanges but research is important. A lot of people are traped in good advertised ICOs which turn out to be scams

First thing to check on ICOs are the Escrows being placed. If there is none, you should be careful and try to avoid those.
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
February 24, 2017, 01:58:46 AM
#14
ICO hype is already over and now people are smart enough on not to easily to put up money on those ICO because of the previous circumstances that do happen like scam ICO and same as op when I do see that thing like announcements I do automatically ignore it.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
February 24, 2017, 01:35:13 AM
#13
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.

I can see that ICO's are just for profiting purposes. If you are one of those guy that are an avid ICO joiner and goes for profit after it's launching it's profitable.

We already know the cycle of ICO's but there are some that are becoming stable and has a strong belief with their own project.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
February 24, 2017, 01:01:56 AM
#12
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.
Or better be a stupid gullible and keep investing Cheesy whenever I see these three letters I-C-O I get closer to barf on my keyboard.
You deserve to lose everything.

The abbreviation has always made me cringe hard.
I never supported one or bought / traded any ever once !
Nor will i..
I do not support the concept and the fact that they are all bullshit anyway.
Why would people bitch about a coin with a small percentage premine yet support an ICO ?
An ICO is very close to being a 100% premine.

Coins mined at launch were made that way for a reason.
The initial distribution method is the most important part.
Miners provide a service and are there for rewarded..

So.. you shouldn't be abandoning them because you are not profiting of them.
You SHOULD be abandoning them because they are a shitty way of launching a coin.

Sadly..
ICO you made money from = Legit.
ICO you lost money on = Scam.

Like Ethereum  Roll Eyes

That IS how it works in the scene and it's pretty damn retarded right ?
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