what is the future of the crazy ICO market? - page 4.

hubballi

sr. member

Activity: 882

Merit: 297

Quote from: eternalgloom on June 22, 2017, 09:16:23 AM

I personally try to stay away from ICO's as much as possible, but that's just a preference.
Only investing in coins that are truly open and decentralized, such as Bitcoin, Litecoin etc.

I mean, investing in an ICO could work out for you, but I prefer the other approach.

It was before that investing in ICO wont give you good returns on listing day but now a days ICO are coming with full details and when this ICO are launced in exchange they do trading very good and returns are more then 5x but after some time they start to dump so it is good to just sell of in launch date and as soon as they are dumped fully you can start buying back for long term.

AK47-

sr. member

Activity: 644

Merit: 250

Offcourse there are chances of getting rich through investing in ICO. But the problem with ICO is plenty of ICO are scam and investors are not protected from them. Some people just sell their shit coins without even investing a single dollar and scam people. This issue need to be regulated. Till then ICO will keep on going the way they are. Investors need to be extra careful.

sir.humus

hero member

Activity: 700

Merit: 500

In one year from now you'll not even remember what ICO is.
It will gradually disappear from the cryptocurrencies world.

But I suspect that on the next giant jump of bitcoin price, a new crazy thing will join.
and people will put a lot of money in it, just to discover that in a few months it no longer exist.

Stick with the big ones, Bitcoin, Ethereum, and some others. Don't count on this ICO craziness.

eternalgloom

legendary

Activity: 1792

Merit: 1283

I personally try to stay away from ICO's as much as possible, but that's just a preference.
Only investing in coins that are truly open and decentralized, such as Bitcoin, Litecoin etc.

I mean, investing in an ICO could work out for you, but I prefer the other approach.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

If you want to research more would get 2 statements, namely:
- ICO can make you a millionaire.
- ICO can also make you fall into poverty.

ICO has a system that is sometimes profitable and also sometimes can be detrimental.

franky1

legendary

Activity: 4270

Merit: 4534

instead of just making a node and telling people the possibilities and then letting it wonder free in an open decentralised manner.. the ICO concept is very much different

unlike bitcoin, which never began as a ICO, nor organised by a 'company' who made promises(contracts) to hand X premined coins you customers Y over a term...

i see ICO's becoming regulated just like 'shares' are.

ICO's will be hit by bureaucracy of the 'founders' home country. all because of how organised and centralised the concept of ICO is.

that said. most ICO's are just crap coins, so treat them like penny share trading if your gonna risk it.
best advice is. only waste amounts you are willing to lose.

EG if you normally spend $20 on a evening take-out/fast food, which naturally/literally ends up in the toilet 6 hours later.. make urself a sandwich instead and use that $20 on an ICO.. that way you never 'lose' (british pun: never loo's)

AjithBtc

sr. member

Activity: 1666

Merit: 276

Vave.com - Crypto Casino

ICO projects have their own vision as well their own usage in several applications. So the ICO market will grow higher by the falling days, I too have been holding a small amount of ICO tokens to profit big as the price has increased quite a little than the value during the crowdsale.

secretservice

jr. member

Activity: 41

Merit: 10

I think the future for these ICOs is what most competent people have already commented on: this is not sustainable. Now the question is how many people will be aware of this in time and keep away from this madness.

satoshforever

member

Activity: 84

Merit: 10

The future is high-risk, high-profit, just like the present 😏

IamAltcoinfan

full member

Activity: 462

Merit: 103

homt.net

I completely read the article lots of places its mentioned ICO is risky because of lack of regulation even the guy who claimed he is millionaire he only mentioned its just happened not because of lots of research and vision.

Wendigo

legendary

Activity: 2604

Merit: 1036

Quote

Honestly, I feel anxious and stressed to be rich. Now I just want to obtain a sense of achievement in my next job.”

I want to have this guy's problems Grin

machinek20

hero member

Activity: 840

Merit: 501

There will be a lot of ICO and new coin in the future and maybe one of the ICO can actually makes us rich, but that chance is really slim and there will be more people got scammed from the ICO, for me although it is tempting I will never put my money on ICO, it is too dangerous

AiWanChu

member

Activity: 140

Merit: 10

i think there will be crazy pump and dumps like usual.. they need to keep their act together, its kinda making it look bad for the rest Shocked

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

i skimmed through the "millionaire boy"'s story but i didn't see anything about any ICOs! it was a 200BTC easy money that fell in his lap and then he held it for a couple of years and make a lot of profit!

and the future of ICOs is very simple, it will be the same future as premined altcoins have. today you can no longer see any of them around, and soon we will get rid of this ICO method of scamming too.

Doofus

member

Activity: 102

Merit: 10

“I woke up this morning, checked my wallet and realized that I am now a millionaire. Now what?”
A boy of his early 20s shared his story about investment in btc and ICOs. he also talked the ICO market in terms of regulation. Deng Di, president of China Blockchain Research Center warns people the the risk in the market.
http://news.8btc.com/the-crazy-world-of-icos-200000-cny-to-6-million-cny-in-2-years

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