There are too many ICO, why? | Bitcointalksearch.org

Alpha0One1

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Quote from: jademaxsuy on May 01, 2018, 08:45:10 PM

I have seen so many signature in the forum and some of these signatures are good as i have been also visiting their website, btt forum and their telegram. The project they are also promoting are unique and most of it are promising project. However, this promising project will get compromise because the number of investors will compromised with the number of ICO being introduced. So the money of all the investors if it will be evenly distributed the ICO will not going to success because it could not raise more funds that is why i am raising this thread on why there are too many ICO? A great number of ICO's will increase the chance of the ICO's to fail.

This is a free and unregulated enterprise and will not stop project teams trying to get funding for their projects.
You are correct, the multiple ICO's are diluting the resource pool, which is the ICO participants.

iqrasalsabila

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Because since ico is present there are several ICOs that have produced remarkable results, both for developers and investors who join in, by doing the correct mathematical calculations, it will look amazing how amazing this is.
And thanks to digital currencies and ICO, investment has become easier than before. We easily find investment opportunities anywhere. Although some are very risky (some are cheating). But this big risk is also equivalent to the profits obtained.

coinbitrade

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Quote from: Elorika on December 03, 2018, 05:58:00 PM

Quote from: pharaon on December 01, 2018, 09:28:06 AM

Quite simply, the cryptocurrency industry is gaining popularity every year and a huge amount of money is poured into this market, by investing in projects or buying coins in the market. Therefore, many project developers see the opportunity to receive money for the development of the project, or to get away with this money by creating a project - a scam.

I agree, a lot of scams in the market is extremely difficult to determine a good project , I think it is necessary to tighten the rules for creating an ico, so that there is less Scam!

Regulation of course will reduce scam but also simple projects will be much more difficult to get into the market which is not very good. So everything has its pros and cons.

Elorika

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Quote from: pharaon on December 01, 2018, 09:28:06 AM

Quite simply, the cryptocurrency industry is gaining popularity every year and a huge amount of money is poured into this market, by investing in projects or buying coins in the market. Therefore, many project developers see the opportunity to receive money for the development of the project, or to get away with this money by creating a project - a scam.

I agree, a lot of scams in the market is extremely difficult to determine a good project , I think it is necessary to tighten the rules for creating an ico, so that there is less Scam!

Diamante

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Activity: 406

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Yeah, you are right. There are too many ICOs in this year. But I don't understand why you ask about this. I think it is obvious. People are greedy. And people love "free" money. Most of these projects are simple scam. People just steal an idea from a good and successful project. Then they just create own project and cryptocurrency.

Winterizing

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(｡◕‿◕｡)

Well crypto currency is decentralized and all have the right and freedom for them to create their own coin and fund them.

So how would coins that don't even have any tangible products able to have a successful start up? Well the answer is marketing, they need people to invest that's why ICOs with good marketers wins in the ICO funding.

AimHigh

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In this year their are so many ICO introduced yes the others was legit and profitable but always be careful because not all ICO that opening or coming was not legit or some of them was scam so we need also to be vigilant for us not to be a victim of those scammers. Don't easily trust an ICO for the promising and to those sugar coated though because some of them was scam you need to search of secure that you ate investing and joining in a legit ICO.

HertzCoin

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I absolutely agree with your opinion. But I don't understand why you ask. I think it is obvious.
People are greedy. Most ICO exist only for the money. These people take the idea of the successful project and do the own project. They can steal everything. Even design of the website. And we have hundreds of such projects.

sacskate

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Quote from: jademaxsuy on May 01, 2018, 08:45:10 PM

I have seen so many signature in the forum and some of these signatures are good as i have been also visiting their website, btt forum and their telegram. The project they are also promoting are unique and most of it are promising project. However, this promising project will get compromise because the number of investors will compromised with the number of ICO being introduced. So the money of all the investors if it will be evenly distributed the ICO will not going to success because it could not raise more funds that is why i am raising this thread on why there are too many ICO? A great number of ICO's will increase the chance of the ICO's to fail.

Everyone is trying to get a piece of the cake and this should act as a warning to you don't follow any ICO carelessly.first analyse and then take the right decision to invest.

Mommynigabby

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It's either these people putting up projects and holding ICO are so passionate about their projects but they have no fund or lack of it, and unfortunately for some, this is a way for them to make money. They will cam people into believing they are legit investment. This is not good for ICO in general as a lot of people looses trust. Not to the cryptocurrency as a whole but basically to a lot of people. Hopefuly, there really is a cheaper way to check and filter all companies doing ICO

kkaroul4

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Quote from: swordling143 on November 30, 2018, 07:02:41 AM

There are so many ICO's and most of them are scam,
I think since HYIP's and Ponzi Schemes sites doesn't work anymore the creators of those sites move to creating fake ICO's to scam people.

because that is how to get big money easily, especially now that the trend in the ICO is so many people who will make ICO just to get big money by tricking investors

pharaon

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Quite simply, the cryptocurrency industry is gaining popularity every year and a huge amount of money is poured into this market, by investing in projects or buying coins in the market. Therefore, many project developers see the opportunity to receive money for the development of the project, or to get away with this money by creating a project - a scam.

Fedots83

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Not too many good ICO's. Yes, there are many projects on different topics, but those that are really able to give us money and realize a good goal-units, unfortunately

kakade

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In 2017 many ICO projects were successful, and when entering 2018 many new projects emerged. And this new project provides promising ideas and products. But many projects fail and many factors cause them. As with fraud projects and failed projects do not have a good development team.

gowobonyok

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we'll see when the market trend rose last year, and how ico also succeeded along with the crypto market. so that some of the ico were a big success, making new dev to make ico to get the same success. but it turns out this year is bad, where the crypto market falls and it also impacts on ico, so don't be surprised if a lot of ico today are arguably failed.

kauban2018

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Quote from: jademaxsuy on May 01, 2018, 08:45:10 PM

I have seen so many signature in the forum and some of these signatures are good as i have been also visiting their website, btt forum and their telegram. The project they are also promoting are unique and most of it are promising project. However, this promising project will get compromise because the number of investors will compromised with the number of ICO being introduced. So the money of all the investors if it will be evenly distributed the ICO will not going to success because it could not raise more funds that is why i am raising this thread on why there are too many ICO? A great number of ICO's will increase the chance of the ICO's to fail.

I think new projects needs new ICO and when launch, it simply states that the market is diversifying with many coins to choose from. The coins are jist flowing through and through almost in a loop except that it multiplies as many traders and investors flooding in. Its not all that bad to have many ICOs , you just have to choose the right ones with tje right price of course

nerlial

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Because ICO do not control. This is a scammer's paradise. So be careful when choosing ICO.

swordling143

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There are so many ICO's and most of them are scam,
I think since HYIP's and Ponzi Schemes sites doesn't work anymore the creators of those sites move to creating fake ICO's to scam people.

Golstrim

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Margin Trader

Simple. people tried to catch crypto trend and as a result created different ICOs.
They don't need to make valuable product and that's why they simply raise funds with ICOs and go away with money

ZEIIMAN

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Regardless of the number of ICO, a great project will still collect its hardcap. And judging by your logic, all projects should be equally successful, and investors should have the same amount of money. Then such an outcome is possible.

Topic: There are too many ICO, why? (Read 3172 times)