Topic: This is why the ICO & bounty era is almost over - page 3. (Read 486 times)

Yes it is,because most of these are scams and just created just to fool investor and will eventuall runaway! never invest to these projects because 9/10 of these ICOs are turning into scams after sometime,never have a good bounty from the past few months and it should be the reason why most of the investors wont invest anymore.

I thank you and also kendra1107 for your valuable feedbacks. It's definitely true some con artists tried to piggyback on the crypto craze and came up with completely fake ICO projects; however these are not that difficult to spot, and I would also argue not statistically more prevalent compared to the percentage of scams in traditional venture capital and startup investments.

One obvious litmus test, which you also brushed upon, is the visibility and presence of the team. Prior to participating in an ICO or even Bounty, try to reach out directly to one of the founders of the project. If he responds genuinely and within reasonable time frame, and if his credentials check out, it's a pretty strong indicator that the team is legit and active. 99 % of all scam ICO's have anonymous team or so thinly veiled fabricated stories that it falls apart completely upon even a brief glance into the career / CV of the owners...

Every statements you said are correct, but it's still doesn't meet my perception that ICO & bounty era is almost over, it's because as long there is still a network connection, investors, bounty hunters, developers, and the ICO itself, it will still going on and on and on, it won't over yet for me.

These are just the facts on how worhtless these ICO investments are,these people are just getting millions of dollars from the investors which is why new investor are too scared to put their money into our market because they know how these ICOs are going to do with their money,ICOs should collapse and permanently banned !

I have the same thoughts,these ICOs are going to come to its end if these scammers wont stop to what they are doing ,these are destroying cryptocurrency's credibility to the people,by spreading shit scam projects and those newbie investors will spread that cryptocurrencies are scams that is how i see the market will collapse as most of the investors will leave!

This only proves the risks which are embedded in this system. We tend to expect things to go the way we want them to. But in reality, there is no easy ride. There will be bumps along the way (almost endless in fact) as things now a days are dynamic whether for good or bad. Do we stop when we hit a bump? We shouldn't! Coz the only way we can reach our destination is if we keep on moving forward. It's a rough road as the old saying goes. Even a sail on the waters can be rough at times. We can get tired, exhausted, beaten up, even frustrated along the way. But what reward will we receive if we allow ourselves to be drowned by these.

OP has stated some facts which we should have embraced from the beginning since volatility has in fact been emphasized from the start. So whatever situation the market or these ICO's are in at current, should have been foreseen. Meaning, if you decided to jump in, whatever the outcome, it's on you.

I totally agree,ICOs would come to its end for good because these scammers wont have any chance in the future because less people are willing to invest to these projects as most of these ICO are scams,or some of them are turning into scam after some good times has passed.Never wanted to see people getting scammed by these bastards,that is why it is better to be permanently banned!

An alias is not a problem.  IF the alias has something worthy publicised.  But don't pretend to be a major player in the 'real ICT world' let alone banking when you can't even prove you have actually worked ANYWHERE EVER with your "name'".  I'm not talking about a wikipedia page, I'm talking about ANYTHING.  I'm not even in the IT world, have a regular job and no need of many connections and still I'm found on numerous places when you google my real name.  It's not normal that some dudes acting out like they're the new Elon Musk but can't be found on the internet.  The fact that legit projects have teams that are to be found proves the point.

This is a very difficult period for the entire cryptocurrency market, so most ICO projects extend the time to sell to attract more investment and bounty campaigns are stretched out compared to the original. But I think this is a common problem for the whole market, when everything is stable and green again, ICO projects will grow as strong as before. I am always optimistic about the potential of the cryptocurrency market.

Your comment about Googling developers and not finding any historical projects or news about them, how many coders tend to use alias when contributing to repos or have never made their stuff publicly available?

If you Google alot of the devs behind alot of the big Internet sites and apps I doubt you'll find much historically about them.

Some projects sold hard cap in seconds. that was a crazy time. now it's a bit hard time for crypto and no one wants to participate  on ICOs with BTC $6.5k or ETH $500. People mostly prefered to participatte after big earnings

True but I think we are at that point where 90% were successful (bull market/bubble) and a lot of 'thugs' noticed how easy it is to collect peoples money.  A lot of people saw (too late) what happened with all these ico's: you invest 1 eth when eth was $350, two months later you get 10 eth with eth being worth $1k.  Big profits, who wouldn't invest?  Then the market turns red, a lot of people have bags of ERC-20 tokens that don't have a reason to exist and nobody is buying the tokens above ICO price IF they even hit exchanges.  So this is a turning point where a lot of investors will get scammed, the crypto community will get a reputation of some naive wild west were a lot of stupid people get screwed until the day regulations will come.  then at first most scam projects will die, and then (and not sooner) things will get interesting again for investors (since ICO/blockchain investments ARE interesting IF the scammers don't take over this scene.

Most of ICOs are scams ,even if you have researched well most of the team will only give you linked in profiles which is bullshit because anyone can claim they are these professionals etc, which in reality they are bunch of shit people who will steal millions of people! these bastards shouldnt be trusted because investors doesnt want to invest anymore because of these scam projects.

Some points are real and when it hits the nerves, it hurts, but due to fake and scam ICO who are just here to collect money and then runaway, it does affect the sales that you've mentioned above, if 90%of ICO are all successful then buying tokens are not a problem until today.

I am not sure if such restrictions are established but evet they are not, your ideas are interesting and further ideas must be taken into consideration.

Dude, have you actually read what I've said.  I'm not some noob posting whatever comes up in my mind based on 2 months experience with crypto.  I'm in this game for a long time, have read more WP than most of you ever will, have been in contact with ico-teams and saw a lot of 'funny' things happening, have seen an undeniable evolution in ico's that a lot of early investors of crypto have noticed too.  So don't try to summarize what I'm trying to say by generalising some feeling/hope that 'the course has fallen but it will rise' because for most ico's it won't for the reasons I have mentioned thoroughly.  I have witnessed about 7-8 ico's closely that were scams (luckily I haven't lost money on them as a whole)  and I can see that their number is increasing day by day.

I don't think so. Legitimate projects will still continue to participate in ICOs to get funding for their projects. Regulations will surely come as too many scams are ripping people of and that is actually a good news as we can find better ICOs without browsing for too much scam.

I partially agree.  For the record: I LOVE the way you can invest in ICO's.  I think it's the way of investing of the future. Period.  But you simply can not deny the fact that there are A LOT of scams out there.  It's not just some fake news spread by scared banksters who see their world/power crumbling down.  That's just not true.

I invested in a lot of ico's last summer.  Most of them made profits, sometimes huge profits.  When the market turned red, I stopped investing money and started investing time.  I turned to bounty hunting (mostly translation jobs, some sig).  By doing that I read a lot of WP, did a lot of research of teams and websites and then it started to occur to me that there are A LOT of fake teams, fake linkedins, vaporware products that only consist of marketing.  

I always wonder: how is it possible that if they present you a team of so called experts with years of relevant experience in IT, financial industry, marketing, etc that in most cases these people are nowhere to be found prior to the ico?  You google them: nothing, you search for their pictures: nothing, you google the companies they so called worked for: you can't find them (you can find the companies but you can't find evidence that they worked there).  There are only a few ico's that I participated in (with a bounty) that were 100% transparant, where you could actually find the people aboard.  Neufund was one of them.  Most of the times those icos are the ones with hardly any bonuses, no pre-sales, no months long ico's, no facebook and telegram lemmings who try to shill a product and team they don't know.

The fake telegram groups are for sure real.  How can you organically create a telegram channel with 25k people in a week? Makes no sense.