The Rise and Fall of ICOs: Lessons Learned - page 2.

yazher

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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.

Back then, they were reliable and they created lots of opportunities both for investors and bounty hunters, but when the scammers and crooks got themselves the way to create their own ICOs, that's when darkness began an opportunity turned into nightmares for most of those investors who trust the projects they invested but it turned out to be fake and has no value in other words shit coins. It goes like that for most of the altcoins back then, I was lucky enough to invest in real ones and promoted others that are actually paying and have some good projects that were successful in the past few years.

MIner1448

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Hello! ICO times were truly exciting, but also quite wild at times. I remember how every new project promised a revolution in its field, and investors were ready to invest in everything that blockchain had to offer. Many of them were quite successful, but of course there were those that attracted attention with their pump-and-dump style activities.
From personal experience, a memorable “what were we thinking” moment was when I invested in a project that promised to revolutionize social media on the blockchain. And it even seems to have caught the attention of some celebrities. But when difficulties began, the project team was unable to cope with them, and everything went downhill. This experience taught me to be more cautious and study projects in detail before investing.

Saisher

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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!

It used to be so good until everything turned bad because the ICO industry has exhausted itself from too many bad projects and infiltration from scammers the ICO days are over and there will never be another big thing coming from the ICO.
A lot of my friends who are early birds of the best projects that come from ICO have made a lot of profit until the scammers find their way here, creating fake and duplicate projects, so many investors lost money investing in ICO, they are wiser now and they know what to look for projects who are launching their ICO,Investors now prefer investing on IDO and STO.

bluebit25

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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!

My memories of the beginning of the ICO were quite impressive and then chaotic. There was a time when I only did a few steps to participate in ICO and then made a very good profit, but then the mixture of some forms of mlm (bitcoinnect) brought a completely different atmosphere. Looking back, the process of making money was simple and losing money was also simple. It was during this time that I accumulated investment experience. Balancing the risk/return factor is the basic factor so that better results can be expected. The journey is not too short, but basically the current "forms of capital raising" are just upgraded versions of the past, and at first everything seemed quite exaggerated with profits but then the saturation.

GreatArkansas

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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!

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.

Hypnosis00

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In the world of crypto, we can never expect all projects will stay long (or forever). We remember those days when ICO/IEO was hype, most of us enjoyed such time but it never stayed long and another set of projects came and made the same trend. That is why if we are looking for long-term investment, Bitcoin is really the best coin to choose.

What happens to them and with those projects following ICO like NFT, P2E, and Defi, will simply tell us that we have to keep updated and must be aware of the situation. A project that has been hyped could never stay long which is why they are just good for short-term deals and sell them when it is still at its peak.

Odusko

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The one among the CEOs that made the highest news is the exchange owner who is still facing law suit and possible sentence right now, who own a token that we saw it wide range of dip when the case of bankruptcy faced the CEO and the campany, all this are a reflection of what the cryptocurrency market is and how trustless it is, and not good to trust and token or centralised platforms, this is because many of them have failed to reach the promised and broken down along the way, and if and when that happens, it negative impact will Rob on all the projects that sourand then.
We have a whole list of them who have raised and failed at some certain point in time and new and young CEOs should take note of that factors and try to manover them when the time comes while growing their platforms.

Bitstar_coin

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Every sector has a transional form and ico represent that in the crypto space. Ico despite the bad sides at the end gave birth to several great projects whom we all refers to as top 100 projects this days.
To be honest ico did a lot to help kick start the crypto space. Through it several projects where able to raise money to develop their projects.
Nowadays, it is VCs and LPs that are trending and providing funds to projects for startup, who knows what will be the next trend in few years.

Strongkored

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ICO is the most profitable thing if we become bounty hunters, not investors who buy the coins because as bounty hunters there is no risk, even if we don't sell it at the highest price, it's still not a problem, but as investors we will always hope to get big profits so we always try to wait until the price can rise very high, sometimes greed makes us reluctant to sell even though it has provided a profit of more than 10x because we think the price will continue to rise but realize that the developer has failed to fulfill what was promised in the whitepaper so the price slowly turns and becomes trash or hasn't the opportunity to sell it.
In my experience, maybe only 30-40% of all the ICOs I participated in made a profit and the rest were just losses that didn't even have a chance to sell because the promise of entering a major exchange never happened.

btc78

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

Remember those ICO mania days when every token seemed like a golden ticket? Fast forward to Reality Check City.

Cryptocurrency was a major breakthrough for finance and most especially in the digital world back then of course time has passed and now almost everyone knows about cryptocurrency and is even participating in it of course not everyone understands and accepts crypto but the point is crypto has become a concept that somewhat everyone is familiar with

Now there are lots of altcoins trying to be the next big thing and there is just much congestion compared to back then wherein if a team was able to launch a project it must mean it’s legit

Fortunately I was never involved with ICOs it might be a regret but I came across crypto quite late already

sheenshane

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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.

After ICO, there are IEOs, DeFi, NFTs, and now DAOs. (forgot meme projects)
So I'm thinking now which one of them becomes worth it in the future.

passwordnow

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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?

One lesson is that this is like the gold rush whenever you see projects that are on the media, you don't think of them that they're going to stay longer. And from there, all you have to do is to keep them for a moment and when you are in profit, that's the time that you should find another one. There were really a lot of roller coaster rides with the ICO and those who have been into it and made lots of money liked it.

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

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 have no crystal balls and never predicted anything but it seems that we always keep on changing, what I mean with we is that the market keeps on changing and we always get to see something new here. So past with the ICOs, the IEOs and then so on, right? And that made every investor believe that most of the next trends are going to be profitable but many have speculated it wrongly and the bear have definitely exterminated most of them badly.

tvplus006

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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!

My only successful investment is related to the ICO of the Link project in 2017. And the $500 invested at that moment could have turned into $75,000 today if I had been able to hold it all these years. But as it often happens, I sold Link too early, doubling the amount of my investment

MAAManda

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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!

Just like some people here, I've never been part of or directly involved with an ICO, that's probably because I joined and jumped into the crypto side after the ICO craze was over. I should be grateful for that situation, because if I had jumped into crypto at that time, maybe I would have been the luckiest person or even the worst person.

Based on stories from people I have met in real life or online, the ICO craze at that time was truly over the top, the majority of people thought that all projects holding ICOs would be successful in the future. Not without reason, these projects promise great hopes if seen from the Whitepaper (Utilities, Roadmap).

avikz

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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 will not share war stories but I want to share the lessons learnt. The lesson says not everything is gold that glitters. Every hype made some millionaires, especially those who have adopted at a very early stage. But those hypes died faster than expected.

The similar kind of learning we get from the NFT madness. It has made multiple millionaires during its early stage. But it died faster than ICO menace.

Never jump into something which doesn't bring any value to the table.

Sunderland

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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!

Haha, you remind me about my ETH address which have many of zero worth tokens from 2017.
Crazy days, even a fictional and weird projects able to collect much money at that time.
Pump and dump become a normal thing, daily traders can become rich or poor in less than a day.

However, more people also start to know and learn about crypto because of the ICO madness 2016-2017.
The craziest thing I did before buy any token back in 2017 = I was rare to read the whitepaper but I only check who is the advisors of the project lol.

tsaroz

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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!

ICO when firstly introduced were super hyped and every one just jumped in raising the price of the ICOed coin multiple of times. But as the number of platforms doing the ICOs and the number of ICOs increased, there was no longer money for every of them, so a lot of them failed even to sustain pre-ICO prices. This period of lackluster after the hype made many people stop trusting in ICO.
But ICO are not dead, even today good ICO from reliable projects are yielding good profits for early investors and they still are a huge thing in crypto.

Text

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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!

What a ride it was! I remember the days when every new token felt like a ticket to financial freedom, the excitement, the FOMO, and the endless possibilities. There were moments of triumph when I seemed spot on, yet there were also those forehead-slapping moments where I found myself wondering.

One lesson that stands out for me is the importance of thorough research. It's not just about jumping on the hype train; it's about understanding the project, the team behind it, and the real-world problem it aims to solve. The days of blindly throwing funds at every shiny new ICO are long gone.

Adbitco

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Back inna those days when ICO was making serious wave some project never seems to do pretty well but one painful thing i don't like about them then was just after making huge purchase some of does project telegram group do restricts people from posting in their telegram group in order to keep investors silent about their investments. Then I wasn't that smart enough to know and select some reasonable projects to invest rather was jumping project after project and that was how i was incurring much lost after the lesson learnt from there, we now fast forward to IDO, IEO after discovering that investors has started reducing interest to invest in ICO.

It was then we discovered IDO & IEO although it was a lesson i won't forget because if then i was so Clever enough i could had used that opportunity to filled my bags of bitcoin knowing too well that bitcoin wasn't that high in price. In my general view all those means was a tricky way used to extort investors their hard earned money, probably there are people who hold bitcoin then due to those altcoin they sold to invest their money at the end they got nothing.

Ever-young

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ICOs was the major means of getting money for crypto projects all that you need to do back then was have the idea and team ready to work with you and then hire advertisers and you are good to go as many people will see the project and like to be part of the early investors who will enjoy it when the project excel, until when the ICO was later turn to means of scamming investors and number of successful ICO keep on reducing day after day until the scam industry completely took over it.

ICO was fun although I can’t remember investing in any coin through ICO but they I have seen many who have both benefited and lost grate investment to it due to some presale snd ICO price and listing price are not always close to each other which make me wonder why not wait for the token to get listed before buying instead of buying high as earlier investor and end up selling low to traders.

Topic: The Rise and Fall of ICOs: Lessons Learned - page 2. (Read 402 times)