The Harsh Reality About The Current ICO Project - page 2.

NathanJB

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Quote from: angrybirdy on November 06, 2019, 06:38:05 AM

Quote from: Kotone on November 05, 2019, 11:01:06 PM

Quote from: Ccscopst on October 14, 2019, 09:28:40 AM

I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...

maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.

Dont expect too much bro. This is still business, some people launching new projects have goals like that at the first place to claim some money from small investors and suddenly leave it like nothing happened. It is called scam exit, developers are usually showing off some pretty good update but in reality they just stalling time for people to trust them and wait and hype them about their project. So beware, crypto isn't a safe place for noob to play investing or trading. Cautious is a must.

True, Money is still their only goal and not to build a good project.
High expectations will only give us disappointments and frustrations. The common thing they do is to create a great platform to attract investor and then if they fail to gather many investors or even if they gather more investors as they expected, they will abandon the project and enjoy the fortune they have collected.

In other words, they are always in a win-win position while the investors are on the lose-lose position. If only the authorities are strict enough in its implementation against all these scammers, they would have sent behind bars a lot of crypto project developers. They are wasting people's money, trust, and effort. But more than that, they are really creating a bad image of cryptocurrency in whole world. This is pulling down the reputation of cryptocurrency.

Katashi

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Quote from: Denreal on November 05, 2019, 07:36:58 PM

Id people still invest in projects without MVP, I think they are missing the whole idea. No MVP can easily lead to scam, because the developer might not feel he has committed himself to deliver a set target. A product before fundraising is usually a way of showing how serious you are.

You do have a point but I have seen some scam projects that show they have MVP during the token sale so for me, it is not enough to tell if the project is legit or not. the price of the token will depend on its demand that is why the project owners should not only focus on developing the platform but also on how they will increase its users to have demand for their coin.

angrybirdy

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Quote from: Kotone on November 05, 2019, 11:01:06 PM

Quote from: Ccscopst on October 14, 2019, 09:28:40 AM

I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...

maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.

Dont expect too much bro. This is still business, some people launching new projects have goals like that at the first place to claim some money from small investors and suddenly leave it like nothing happened. It is called scam exit, developers are usually showing off some pretty good update but in reality they just stalling time for people to trust them and wait and hype them about their project. So beware, crypto isn't a safe place for noob to play investing or trading. Cautious is a must.

True, Money is still their only goal and not to build a good project.
High expectations will only give us disappointments and frustrations. The common thing they do is to create a great platform to attract investor and then if they fail to gather many investors or even if they gather more investors as they expected, they will abandon the project and enjoy the fortune they have collected.

Jating

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Quote from: Byakuga on November 06, 2019, 06:12:03 AM

Because of scammers scamming people with ICO projects its become pretty hard for the few new projects that wants to deliver something useful for crypto users, they find it hard to raise funds needed for the project development, the few ones i know hardly make it to softcap, who is to be blame? investors? no, scammers are the biggest problem

Maybe we should look at investors as well. I mean if there are no individuals here to wanted to be victims, then those scammers are not going to put up projects after projects. That's why we always tell crypto investors specially beginners to be careful and be gullible to not believed everything they hear.

They should be very careful on investing and not to fall for the scammers trap. But I would agree that it will legit projects are taking a hit because of those scammers though. They are having a hard time to convince them with their projects, so to speak.

Byakuga

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Because of scammers scamming people with ICO projects its become pretty hard for the few new projects that wants to deliver something useful for crypto users, they find it hard to raise funds needed for the project development, the few ones i know hardly make it to softcap, who is to be blame? investors? no, scammers are the biggest problem

Kotone

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Quote from: Ccscopst on October 14, 2019, 09:28:40 AM

I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...

maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.

Dont expect too much bro. This is still business, some people launching new projects have goals like that at the first place to claim some money from small investors and suddenly leave it like nothing happened. It is called scam exit, developers are usually showing off some pretty good update but in reality they just stalling time for people to trust them and wait and hype them about their project. So beware, crypto isn't a safe place for noob to play investing or trading. Cautious is a must.

Denreal

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Id people still invest in projects without MVP, I think they are missing the whole idea. No MVP can easily lead to scam, because the developer might not feel he has committed himself to deliver a set target. A product before fundraising, is usually a way of showing how serious you are.

Iyeman

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Quote from: Maturnuwun on November 05, 2019, 03:41:09 AM

offering large prizes to early investors is a common strategy undertaken by most new projects, therefore to attract market investment. my advice before investing in any project is reconsider and don't use all of your money just to invest in the project.

It's for ICO but not IEO, IEO has already taken the different strategy just like try to take a big pre-mined coin and sold a few per cent to the IEO platform. Both are garbage strategy. So many scam ico and ieo right now. it looks like that will become the next garbage way to raise the funds from investors.
So many IEO trading in a loss right now. that sucks but it's a reality.

093421231@hunter

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I'm sure you're not alone because over the years, there have been disillusioned people with the way things work with supposedly promising, wonderful, and beautiful projects that truly deserve their support. success. This is a common current scenario. You should learn from this that there are better options

Drai

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Investing in an ICO is a very risky gamble because it could turn out great and make you a a lot of money or it could turn out bad and you lose all your funds, even ICOs with a fully developed product are not to be trusted with funds because some of them would gladly abscond with the contributed funds and leave the project to slowly die while pretending to be active by paying community managers to manage their groups, there was an ICO model proposed by Vitalik and if it had been used by ICOs, this wouldn't be an issue now.

Pamadar

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Quote from: robelneo on November 04, 2019, 12:52:34 PM

Quote from: Ccscopst on October 14, 2019, 09:28:40 AM

I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...

maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.

The word "best project now" or 'highly profitable project" will not entice investors now to support that kind of project anymore, they have seen the results of projects that promise high income and high profit, investors now want to see results and transparency, not just lip service, I stop promoting and investing in projects that claim to be the next big thing when they are in the ICO stage, they should concentrate how their platforms will work and what will it bring to the community.

Enticing words is no longer effective most investors learned from the past promises and turned to nothing but scammed projects. Most developers
struggles after the market collapses bringing all those non usable and trash projects to die and completely forgotten. Though other project that have
real use case still surviving right now and trying to stay focus with the development of their coin.

Saying is something but proving is another thing. Sweet promises will remain promises until the outcome results happened.

Maturnuwun

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offering large prizes to early investors is a common strategy undertaken by most new projects, therefore to attract market investment. my advice before investing in any project is reconsider and don't use all of your money just to invest in the project.

stadus

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Quote from: confreslamp on November 04, 2019, 02:11:06 PM

A lot of people are getting more and more disappointed not only with bounty projects or ICO, but with the whole market in general.

So am I, really disappointed with the ICO and the market in general, but did my world stop here? of course not because I still believe that this market has some good and tough times and its so happen we are in the tough times now.

Quote from: confreslamp on November 04, 2019, 02:11:06 PM

Unfortunately, the only thing we can do right now is to collect most popular crypto for good prices and wait.

Unfortunate for us who bought at peak but maybe this market situation also gives an opportunity to those who like to accumulate, so this market situation does not only serve one purpose but different purpose for different people, other sees it bad while the other can see good as like what I said, they can accumulate.

confreslamp

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A lot of people are getting more and more disappointed not only with bounty projects or ICO, but with the whole market in general. Unfortunately, the only thing we can do right now is to collect most popular crypto for good prices and wait.

robelneo

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Quote from: Ccscopst on October 14, 2019, 09:28:40 AM

I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...

maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.

The word "best project now" or 'highly profitable project" will not entice investors now to support that kind of project anymore, they have seen the results of projects that promise high income and high profit, investors now want to see results and transparency, not just lip service, I stop promoting and investing in projects that claim to be the next big thing when they are in the ICO stage, they should concentrate how their platforms will work and what will it bring to the community.

supercanada1

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Quote from: Rodeo02 on November 03, 2019, 10:42:58 AM

Quote from: sangjoewara on November 03, 2019, 09:57:49 AM

Quote from: macchiato on November 03, 2019, 09:40:10 AM

Well, that is the sad reality of ICO projects of this era. Only few are worth the time and effort. IEO is the one on trend right now and according to a lot of people, it is less risky. You should try that one.

Right, I also really believe in IEO that is trending right now, because there are so many projects that use sales through IEO successfully, so it doesn't hurt if we all try to join projects that use IEO for token sales.

It will not hurt you until you experience to lose from it. We all know that IEO is the new trend but it doesn't mean every trend you need to follow. You should be aware about the risk the result for long term is the same as in any other project with ICO,STO,IEO they are all just want investment.

Risk is involved in IEO too. You are damn correct about this. These all are not very different from each other. The main motive behind these projects is mainly attract investors and convince them to spend their money in respective projects. I don't find them beneficial in any way. My honest suggestion would be to not get involved into such suspicious things or at least do a lot of research before making any move.

gundala

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I'm sorry for your bad experience. But did you know that was part of the risk when you decided to join this cryptocurrency? You need to know, there are projects that are really made with a good strategy, a qualified development team, successful fundraising, but when the market conditions do not support the expectations are usually not entirely achieved, it requires a process. Be patient, and try again to find projects that really promise.

nelson4lov

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Current has been a nightmare to watch. If I remember correctly, They raised around $36M in February 2018 and I expected them to distribute and get it listed within a month time. But then, the market got bad and they kept postponing with the excuse of 'unfavorable market conditions'. Okay, It's 2019, Bitcoin's price has increased, the market seems to be taking a positive turn, yet They didn't list. They were using regulatory issues as excuse. I've followed all their updates and AMA.

To make matters worse, They closed down their TG channels and their community can't force complains/issues. And they've finally agreed that Current is a security and at such, can't be listed straight away. The story goes on and on.

Ryan Dugan

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When a project tells you it's token will rise in value you should immediately leave. Unless they speculating about what could happen.

Quote from: Mumbeeptind1963 on November 03, 2019, 03:06:30 PM

Quote from: stadus on November 03, 2019, 06:50:52 AM

It's normal that they promise that the token value will increase in the long run because that's the result of good development.

However, this market has been bearish for 2 years I guess, and even those coins that are very popular and stable during the popularity of ICO are now struggling as well, so you can't just expect the ICO project you are investing will increase its value when majority struggles, that's not possible, unless it's an exceptional coin.

I think there is no such project that would not promise you that they will be the best among its competitor in terms of their field, every ICO will tell you that when the project became successful they will bonus or what, they will also be listed in famous exchanges but the sad truth is they just only doing this because they want to gain attention and attraction some of them doesnt follow their roadmap, and few of them became scam ICO.

There are a few projects that do not lie about things but just speculation which is totally ok. Some projects do not even promise a return and have a disclaimer about it.

Quote from: upyem2k on November 03, 2019, 03:01:29 PM

On thing that just keeps baffling me is that despite the fact that there has never since 2017 a token sold at 50% of its ICO price, people still invest in new projects in which their funds are tied down for eternity. Investing in ICO/IEO is like throwing the good morning after the bad one.

I think these people are crazy or enjoy working for nothing only to throw their money at ICO. Maybe is like gambling to them?

Mumbeeptind1963

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Quote from: stadus on November 03, 2019, 06:50:52 AM

It's normal that they promise that the token value will increase in the long run because that's the result of good development.

However, this market has been bearish for 2 years I guess, and even those coins that are very popular and stable during the popularity of ICO are now struggling as well, so you can't just expect the ICO project you are investing will increase its value when majority struggles, that's not possible, unless it's an exceptional coin.

I think there is no such project that would not promise you that they will be the best among its competitor in terms of their field, every ICO will tell you that when the project became successful they will bonus or what, they will also be listed in famous exchanges but the sad truth is they just only doing this because they want to gain attention and attraction some of them doesnt follow their roadmap, and few of them became scam ICO.

Topic: The Harsh Reality About The Current ICO Project - page 2. (Read 778 times)