Topic: There are too many ICO, why? - page 28. (Read 3178 times)
If we as investors learn to separate the strong legitimate projects from all the scammers out there then what does it matter how many ICOs there are. Slowly the community will cast the junk aside.
Because crypto now is on hype, and if you will check most of them can see, that more than 60% is scam. And one of the problem it's because everyone wants to make his own coin.
It's getting harder to choose which is legit that's why having some time or group to discuss with will help us to identify them, but it is much better to choose by ourselves to avoid blaming.Yeah its scary sometimes to even consider icos that you haven't heard from a source yet. It's good to join discussions as well since you'll have other minds to discuss which icos can be a good investment. Though personally i don't deal with icos that much anymore. I stay with the coins that are already out
Because crypto now is on hype, and if you will check most of them can see, that more than 60% is scam. And one of the problem it's because everyone wants to make his own coin.
It's getting harder to choose which is legit that's why having some time or group to discuss with will help us to identify them, but it is much better to choose by ourselves to avoid blaming.
Those ICO are popping out everyday and the sad thing is even the team members are jumping from one project to another just to raise money and only for their own good. We all know that cryptocurrency is the future and one of the best way to collect money from investors. Those ICOs are either building a project with unique concept for our convenient in the future or just collecting funds for their own benefit.
indeed now many ICO projects are emerging. And I think start a lot of projects with a good concept. It shows a remarkable improvement in the world of crypto. The more ICO projects I think the better. because the more options more especially for us the bounty hunter. however, we should be more selective as well. Do not get the wrong choice in following ICO project. semakin banyak proyek ICO disebabkan karena semakin banyak masyarakat yang tertarik dengan dunia crypto.
Actually it's not too many, it's really normal especially ICO has lately being hyped by so many people, you can see those crowdfunding or kickstarter, everyday people making a new one, and even surpass the amount of ICO currently live.
It's just your thinking, maybe you never see any crowdfunding taking places in some capital market, it's really normal.
It's just your thinking, maybe you never see any crowdfunding taking places in some capital market, it's really normal.
I think there are 3 reasons why there are many ICOs. One is that more projects that utilise blockchain technology are developing. The second, ICO investment is great way for ICO companies to raise funding. The third, a lot of people have made profit through investments in ICOs and thus more people join in the hopes of 'catching a good break'. This is where scams come in. They take advantage of the hype and new people who want to join and try to scam them.
The important thing is to always do good research before deciding in which ICO to invest.
The important thing is to always do good research before deciding in which ICO to invest.
Because crypto now is on hype, and if you will check most of them can see, that more than 60% is scam. And one of the problem it's because everyone wants to make his own coin.
Too many because it is now very easy and efficient to gather funding this way, I think we will however pay the price of this overcrowding, maybe overall price correction of ICO and token platforms..
Because of the popularity increase of cryptocurrency business, that's why many ICO's now born. And they are like a competitors in the market that needs such total adoptions by people. Because the more people who wants to adopt, it will reflects also the price value.
It's true that there are too many ICOs. And the fact that bothers me is some of them is just a replicated concept from the previous established projects. The numbers of icos compromised the price of its price, as the op said. I guess its just a pity if a one project has no enough supporter that it didn't reach even the softcap. But that's how the business works. There's so many establishment, same product but different brand.
Look at the question this way - There are too many companies that exist in the world, why? In fact, there are multiple companies that do the same work, like Business Process Outsourcing for example. As long as there is demand, the supply will continue. More people look forward to ICOs, more companies look forward to raise capital and hence more number of ICOs exist. My prediction is that ICOs will eventually reach 10k
A lot of them are scams, so we need to look for good projects and help them. Because ICOs are also very important for crypto market. Take a look at Ambit Mining, very good idea and team.
If there is demand, there will be an offer. This is the main reason. I really like this trend. It is a pity that many projects are scammers, but among them there are amazing ideas
There is a lot of money in the market and everyone see's an opportunity.
Because so many people see the prospect in the blockchain of technology and want to contribute to the development of the economy
It easy way to support and implement business idea, some or scams only and the way to get easy money. While investing we should be careful with scams and encourage good projects. I would suggest Ambit Mining - it is live now, and in my opinion it has great perspective, and not scam definitely.
I think a lot of ICO emerging today is a form of ICO investment interest growth in the world, many ICO offer different types of products and advantages, therefore we must be smart in choosing a good ICO in investing. so as not to lose.
Not all ICOs that you see are legitimate, take note of that. There are several scammers roaming around this forum that want to trick investors. Some of them can be detected easily and some are not, which is why you should take extra precautions when choosing a project to invest.
It is the good way to start business, and bring good idea to life, for example there is very good project Ambit Mining ICO, and if it will mobilize enough funds the idea will be implemented and we will have one more business with profit.
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