The Rise and Fall of ICOs: Lessons Learned

synchronym

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Quote from: Ravichnadra on January 16, 2024, 02:27:52 AM

Hey crypto mates! Let's take a stroll down memory lane and chat about the wild ride of ICOs – the good, the bad, and the "what-were-we-thinking" moments. Remember those ICO mania days when every token seemed like a golden ticket? Fast forward to Reality Check City.

Share your war stories, victories, and facepalms. What lessons did you learn from the ICO rollercoaster? Maybe your crystal ball predicted the next big thing, or perhaps you've got scars to prove otherwise. No shame, we've all been there!

I still can't forget those days ICO never worked well in this project. When this project came, I may have invested a lot of my hard earned money in this project without realizing it. I lost a lot by investing so I will never forget this project. I learned a lot from this project in ICO that never do things well. It is not necessary to invest money without knowing it because the possibility of loss is high.

MFahad

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Quote from: Bureau on January 16, 2024, 03:46:20 AM

I was never a part of any ICOs back in those days. I had heard a lot about them as many good crypto were launched through initial coin offering. Some are still preferring the ICO process but hardly get any success due to it bad reputation. Today most investors prefer IEO or IDO for early investment into a new project. The reason is that scam can be avoided and delay in listing is also avoided.

Yeah. it surprises me to see that there are still some projects that prefer to do an ICO, even knowing very that ICO era is long gone. and every ICO now will 100% fail. but these projects still do ICO and expect people to invest in their project
I tell you what, these are all scam projects, they don't have any budget for their project and to run an IDO in a reputable exchanges, so they try to do ICO and expect people to fall for them.
A Legit Cryptocurrency project would not do ICO at this age of Crypto.
Thinking about OLD ICO era, brings a lot of good and bad memories, what a rollercoster ride that was.

Victorik

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The crypto currency world is an ever evolving one. Back then it was ICOs but these days we now have IDOs and presales. And there is still no guarantee that you are going to make money from an IDO.

arjunmujay

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Quote from: cryptoaddictchie on January 19, 2024, 01:04:09 AM

Quote from: Ravichnadra on January 16, 2024, 02:27:52 AM

Share your war stories, victories, and facepalms. What lessons did you learn from the ICO rollercoaster? Maybe your crystal ball predicted the next big thing, or perhaps you've got scars to prove otherwise. No shame, we've all been there!

Well the mere fact that investing on ICO is totally risky and might poses some funds loss. Well losing is part og the game but if you can keep your sane with this, then you could survive any of those hard decision on investing on ICO. Still ICO are quite good if you are in the right platform. But avoid some making their ICO available to themselves cause possibly a rug could happened.

It's true that it's even more risky than investing with altcoins that already have a name in the market. but it cannot be denied, there are actually still some ICOs that are well made and can run until they achieve success. but even the investors are now starting to be reluctant to look at ICOs, they are more looking at memecoins as a high-risk investment.

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Quote from: Ravichnadra on January 16, 2024, 02:27:52 AM

Share your war stories, victories, and facepalms. What lessons did you learn from the ICO rollercoaster? Maybe your crystal ball predicted the next big thing, or perhaps you've got scars to prove otherwise. No shame, we've all been there!

Well the mere fact that investing on ICO is totally risky and might poses some funds loss. Well losing is part og the game but if you can keep your sane with this, then you could survive any of those hard decision on investing on ICO. Still ICO are quite good if you are in the right platform. But avoid some making their ICO available to themselves cause possibly a rug could happened.

goldkingcoiner

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I would not say ICOs are dead. I think they may be coming back.

ICOs got a bad name due to the amount of them turning out to be scams and failures. I think the scam part can be taken out of the equation if you are smart enough to do your own research before investing in an ICO. As fas as the failure part goes: IPOs fail just as often (I would think). So the risk of investing in a new venture is just as big as the reward. If a new business starts booming, you could make a lot of money.

The key to ICO investing is not to put all your eggs into one basket and to do your own research. Use your own brain.

Thats really it.

wxa7115

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Quote from: Ravichnadra on January 16, 2024, 02:27:52 AM

Hey crypto mates! Let's take a stroll down memory lane and chat about the wild ride of ICOs – the good, the bad, and the "what-were-we-thinking" moments. Remember those ICO mania days when every token seemed like a golden ticket? Fast forward to Reality Check City.

Share your war stories, victories, and facepalms. What lessons did you learn from the ICO rollercoaster? Maybe your crystal ball predicted the next big thing, or perhaps you've got scars to prove otherwise. No shame, we've all been there!

In my case I only invested in an ico and it failed, it did not turn into a scam, it was just that the aims of the developers were too high and they were unable to make their vision a reality, however I was never really blinded by the promise of the icos at the time, I thought that project was one of the few that actually had potential and decided to invest in it.

But at the same time I told to myself that if my investment in that coin failed, as it did, I will ignore icos and new projects from that moment on, since it became obvious I did not had the skills to pick apart the good projects from the bad ones.

oktana

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I guess that I may have participated in an ICO project, it has really been long as IEO came with a lot of advantages you wouldn’t even remember ICO. ICO most times resulted in teams that wouldn’t launch anymore. IEO on the other hand gives that guarantee that it will be listed on the exchange that it is being hosted in not too long time, so this way you do not worry as you would in ICO. IEO has a lot more features that it used to knock down ICO before others came in.

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Quote from: Bushdark on January 18, 2024, 05:41:01 PM

Quote from: batang_bitcoin on January 18, 2024, 05:30:07 PM

That's the keyword about how scary it is, "the next big thing". When someone tells you that and endorses a project, you have to think of it many times because you'll never know if that person is telling you the truth.

Quote from: tyz on January 18, 2024, 05:23:37 PM

I would say that 99% of the projects launched back then no longer exist today.

Most of them are but during 2016 ICOs, I'd say that it was the batch that many projects became successful but yeah, they're like temporal success and then eventually got dissolved by the market's new trends.

We have all learnt from our mistakes and now is the best time to utilize our experience and makes it work for us.
Some of us might have had different problems from the start and losing of funds due to the problem of making the wrong decisions that never suit us in making profits for ourselves. Many of the ICOs projects are no where to be found, this is a eye opener that whatever decisions we are making in the crypto sphere, we don't have to be too confidence or relax because anything can happen anytime.

Soon, we're going to see that most of the NFT projects and layer type of blockchains are nowhere to be found. But I am not saying that all of them are going to be gone but most of them and the best ones shall remain. This is what we always see in the market, the best ones stay and the bad ones are being eliminated and being forgotten until they're no longer liquid and have lost a lot of their volume.

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Quote from: batang_bitcoin on January 18, 2024, 05:30:07 PM

That's the keyword about how scary it is, "the next big thing". When someone tells you that and endorses a project, you have to think of it many times because you'll never know if that person is telling you the truth.

Quote from: tyz on January 18, 2024, 05:23:37 PM

I would say that 99% of the projects launched back then no longer exist today.

Most of them are but during 2016 ICOs, I'd say that it was the batch that many projects became successful but yeah, they're like temporal success and then eventually got dissolved by the market's new trends.

We have all learnt from our mistakes and now is the best time to utilize our experience and makes it work for us.
Some of us might have had different problems from the start and losing of funds due to the problem of making the wrong decisions that never suit us in making profits for ourselves. Many of the ICOs projects are no where to be found, this is a eye opener that whatever decisions we are making in the crypto sphere, we don't have to be too confidence or relax because anything can happen anytime.

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Quote from: Ravichnadra on January 16, 2024, 02:27:52 AM

Hey crypto mates! Let's take a stroll down memory lane and chat about the wild ride of ICOs – the good, the bad, and the "what-were-we-thinking" moments. Remember those ICO mania days when every token seemed like a golden ticket? Fast forward to Reality Check City.

Share your war stories, victories, and facepalms. What lessons did you learn from the ICO rollercoaster? Maybe your crystal ball predicted the next big thing, or perhaps you've got scars to prove otherwise. No shame, we've all been there!

I didn't have any big investments back then but I did profit from quite a few for a bit. I was quite lucky since the few ICOs I participated in at the start were pretty legitimate, so after taking a break from it for a couple of months I went back and thought the same would happen for any ICO I went on. Surprise surprise, my wallet just got filled with zero value tokens after a couple of months lmao. It was rather devastating to me since I didn't expect it to change that much.

For the next big thing who knows? I think NFT was the next big thing after ICO but after NFT we haven't really seen anything else yet.

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if the ico that binance does in this case is called lanuchpad, always the price after increasing the price skyrockets many times the price of the ico.
But if outside binance ico2 that is done, for example those who do bounty campaigns seem to be very quiet. so I rarely follow its progress.

batang_bitcoin

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That's the keyword about how scary it is, "the next big thing". When someone tells you that and endorses a project, you have to think of it many times because you'll never know if that person is telling you the truth.

Quote from: tyz on January 18, 2024, 05:23:37 PM

I would say that 99% of the projects launched back then no longer exist today.

Most of them are but during 2016 ICOs, I'd say that it was the batch that many projects became successful but yeah, they're like temporal success and then eventually got dissolved by the market's new trends.

tyz

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Quote from: sheenshane on January 16, 2024, 06:26:26 PM

Oh, I remember back then 2017 when I was new in crypto and the ICO was hyped at that moment.
But to be honest, I gained a lot of profit during those days most especially the airdrop and investing ICO, not like these days it's more on hype made by the community and there's no utility. Not like successful ICOs were transparent about their team, project details, and development progress.

I remember too. It was the time where you could make hundreds of Dollars a day just by sigining up on ICOs to get community tokens or for sharing the projects on social media. It was insane. Almost each token skyrocket shortly after release. But it was clear that this couldn't go on forever. And so the disillusionment came very quickly. I would say that 99% of the projects launched back then no longer exist today.

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It is very great to remember those days but yeah, have to accept that not all projects stay long and profitable, they also turn to lowkey and ignored because other projects have appeared and are more appealing. I'd see how practical we are now, we took what is in the hype, took advantage of it, and threw it off once benefited.

ICO was been part of my crypto life, I've been a bounty participant since that time and can't deny that most of us had earned money from them. In fact, can't imagine one of my coins had pumped more than 1000%, that is really surprising. But yes, can't deny the fact that not all of them are having such overwhelming price increases some are scams also which until now it stuck in my wallet.

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Well, my experience it quite great, I earn much during that time. I'm not sure but maybe I was lucky to choose the projects that it booms during the bull season and make a sell perfectly. Of course, I was aware that many of the ICO projects turn into scams as well but because I never held any of them which is why I end making money, unlike the others.

The lesson: don't hold altcoins for a long time but rather make a play on its movement. Don't be too greedy but rather enjoy some percentage of earnings or else, we gonna miss it.

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Quote from: GreatArkansas on January 18, 2024, 12:38:37 AM

For me, ICO is extremely dangerous and risky. Before, it was really easy to do ICO on any random projects, and a lot of people especially those new people in the market were getting scammed.
Compared now, investors, even retail or new, are now careful and these projects are at the next level already because they are now competing with each other to bring the best especially if you are in IDO, IEO, launch pool, etc. There are already a lot of ways in token/coin offerings for investors that are more regulated and safer.

We all have our opinions and they do differ compared to the main task we have on our hands. Initial Coin Offering (ICO) are high-risk investments in cryptocurrency and I wouldn't advised anyone close to me to invest in ICO without having a background checkup on the project, because they're numerous in the market that gives our promises and at the end of the day, these teams behind ICO projects failed to complied to their promises and causes major losses prior to investors accounts, most top whales investors end up liquidating their account for certain projects because they prioritize on earning massively from a single project, forgetting to check the negative side if the ICO doesn't worn out.

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Quote from: Ravichnadra on January 16, 2024, 02:27:52 AM

Hey crypto mates! Let's take a stroll down memory lane and chat about the wild ride of ICOs – the good, the bad, and the "what-were-we-thinking" moments. Remember those ICO mania days when every token seemed like a golden ticket? Fast forward to Reality Check City.

Share your war stories, victories, and facepalms. What lessons did you learn from the ICO rollercoaster? Maybe your crystal ball predicted the next big thing, or perhaps you've got scars to prove otherwise. No shame, we've all been there!

The year 2018 was the golden era for the ICO and people made tons of money as well in that period but after that ICO market never came up from the death lock and people had their belief even in 2021 that ICOs can make them money but really projects took more aggressive marketing strategies and exchange launchpads came into the game which destroyed and left nothing for ICOs anymore.

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The ones I got as initial Coin Offering (ICO) were all lost. How they lost from my wallet? I bought new phone so I sold my old and I installed everything in my old phone to the New one and I imported all the seed phrases from the different wallets and only for me to realized that one of the seed phrase is not working. And I lost everything in wallet.

So also let the coins go since they are not up to even $10 dollars yet but the it is appreciating every month. If I got it and hodle it for like 10 years to come I would have making enough cash from it.

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Does anyone remember Arch's Tent Boat by BTCarchitect and ARCHnetwork.

The thread is still there but unfortunately the pictures are long gone.

That was my favourite.

Topic: The Rise and Fall of ICOs: Lessons Learned (Read 402 times)