Why do most people invest in wrong ICOs to lose money ? - page 5.

Fatunad

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Quote from: Hughcrypto on November 03, 2017, 05:15:55 AM

This board amazes me sometimes.

All the hyped ICOs are killing people - Bancor, Monaco etc and there is no self reflection.

People need to change the way they participate in projects.

All the rubbish needs to be shunned.

Sectors need to be chosen carefully, and projects thereafter.

REAL energy projects (i.e. NOT asset managers such as wepower, and NOT the pure solar/other renewable energy investment rubbish where crypto is just "added" to the process as a marketing tool) should be favoured, such as Grid+ and Prosume Energy.

Stop following people who have proven themselves useless.

You do really have the point but stopping it would really be useless because there are people who do easily got caught with the hype specially when a certain ICO do really make some sweet words regarding on development,future plans blah blah etc. This is one of the reason why do people choose up the wrong projects which this thing cant really be avoided because its always been part of the risk on this kind of investment.
If you do decide to invest then you should know the risk onwards if you hit the wrong spot.

anasso

full member

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most of people are loosing money because they are hyped by buzz words like "the first ever", "the fastest", "the most secure", "anonymous" etc...

most of them dont look at white paper, team or roadmap!

Bagaji

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Activity: 1330

Merit: 291

What all the investors expect from their investment is nothing but profit from the turn over of their investment capital and not loss. Why so many people end up invest their money in an ICO projects that will at the end of the day not succeed is that many of them didn't consider the following factors such as the products that is involved in the project, the Team behind the project and the white paper. In my opinion, this are the factors that I usually considered before investing in a project and it works for me over time.

Bergiolia

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HEXCASH - Decentralized Fund

Some people fail on investing in Altcoins because they do believe some ICOs were like Bitcoin that will increase their value as high as $7k after 5 years but this time isn't the same with Bitcoin's playground. People were investing Bitcoin because the coin supply is limited and too little and most of coin owners are holding it until only few coins are circulating and that's the reason why Bitcoin is very expensive today but people didn't expect like people will support Atlcoins as they do in Bitcoin.
Altcoins have future too I believe but not this time. Like Bitcoin, it will take time people will support Altcoin the same with Bitcoin back 2 years ago.

Alexxo

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You do understand that when they invest they thought it it's the best one.
Look at the tesoz. People invested 400m cos there was some idea that not everyone understand but invested cos
they had some well known advisers and escrow and in the end of the day there is huge problem there
and a chance that investors will get there money back in a coupple of years.
Problem in ICO thoes days is that if you have any good tehnological idea for a future that no one
even know will it work or not, all you need is to hire advisers and escrow and y'll collect the money.
I think that's the main problem and that's why we will get a lot of trouble in ico markets in spring

左

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Activity: 476

Merit: 250

Quote from: Blazarius120 on November 21, 2017, 12:16:49 PM

It's extremely easy to invest in the wrong ICO.. Theres like 100 bad ICO's for every good one. Though if you can pick the right one you're looking at some serious gains. I'm assuming thats why people keep trying.

If you do enough research on the projects you're looking into I think you could avoid most scams.
Of course there's only so much you can do.

eP

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Quote from: Rufsilf on November 21, 2017, 11:56:27 AM

They just didn't review the ICO first or do some research before putting money so they tend to lose money rather than to earn it from the ICO. ICO projects are great but it doesn't mean that you will always make money because making money takes effort and if you know how to do some research at first and do some little bit of effort and clarifying things then you will not have a high chance to lose money.

Yeah , i agreed this one, before do investment on ICO , we must make analysis and review about their ICO if you be a big investor , because a lot new investor trying to invest to some ICO for instantly get money when their project success but their never think about the risk , different with smart investor , a good ICO investor always make some analysis and review.
i just guess some ico was reviewed by major magazines like forbes , cointelegraph etc , then i will see their rating on icorating or review on youtube with their ICO dev or manager , this point we cant clarify their seriously with their project and launched ICO for gaining investor and promise the investor about their roadmap and project.

Blazarius120

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It's extremely easy to invest in the wrong ICO.. Theres like 100 bad ICO's for every good one. Though if you can pick the right one you're looking at some serious gains. I'm assuming thats why people keep trying.

kemet jr

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Sapien.Network-Beta Platform is Live

People is driven to invest. But at times its comparable to gambling when everything is relied upon luck. As unregulated platform, investing in cryptocurrency is like putting investments that you are ready to lose. Nonetheless, risk can be managed and loss can be regulated. Its just a matter of torough investigating the credibility of the developers and the reliability of the project.

Rufsilf

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Activity: 1722

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They just didn't review the ICO first or do some research before putting money so they tend to lose money rather than to earn it from the ICO. ICO projects are great but it doesn't mean that you will always make money because making money takes effort and if you know how to do some research at first and do some little bit of effort and clarifying things then you will not have a high chance to lose money.

swaptaker

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Quote from: moamin77 on November 21, 2017, 11:39:54 AM

Because they think it's wise to only follow the folks and the word of mouth without doing their own due diligence exercise for any ICO/Project! That's why many of them fail (and end up investing in the wrong ICOs)

They don't invest to lose money, they invest there because they heard about people who earned a lot from their successful ico investments. That's the thing behind this ico investment idea.

moamin77

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JACS.tech

Because they think it's wise to only follow the folks and the word of mouth without doing their own due diligence exercise for any ICO/Project! That's why many of them fail (and end up investing in the wrong ICOs)

Orsenise

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Many of the "investors" are new to the crypto market and new to the finance industry in general. They have heard form a friend of two that there is a lot of potential in the blockchain sector, they heard about mining, about how BTC started and how much it's worth now, and they find this a reason enough to get involved into it. Most of them are looking for quick profits and don't really care about the underlying value of the coin that is being offered during the ICO, they are promised big returns and that is the main reason they are joining these sales. Actually most of the coins are crap and most of the investors are even crappier, so let them keep on losing their money and they'll eventually learn how this works. It's a lot of work to invest in good coins, people have to realize that.

DaWidyaa

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I think people who choose ICO wrong because they do not read the commands listed, they immediately register without reading the command then they invest the wrong ICO.

WarCruz

newbie

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Havent participated in an ICO for long time now, it gets harder and harder to stay up to date. but i like to gamble

bitctrimor1

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“Blockchain Connection Framework”

Quote from: amrulshare on November 03, 2017, 05:50:52 AM

it's back to your decision to choose a promising project, you should see the potential for making the project like development team, whitepaper, Conducted campaigns and etc.

It's actually not investing in a wrong ICO per se. Like the above-reply states, you can check several details with regards to the company, developer, and managing team that handles the ICO. By checking their white paper or some testimonials with users who have had experience with any of those entities, you can gain useful knowledge to decide whether a specific ICO would succeed, fail, or it worst cases, a scam altogether.

NickBrown

newbie

Activity: 42

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No one purposely invests to lose money - unfortunately a rubbish idea can be disguised in marketing and campaigns and hype. Its not enough to just have a good beneficial idea as it is crowded out by hype and marketing.

mudasarali43

full member

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Yes i agree some peoples lose money to invest in wrong ICOs because they have not too much knowledge or some of them new peoples and one thing is some projects showing the project is like a huge project and big platform but actually the reason is not this.

machinek20

hero member

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Not all people losing money in ICO, but it is hard to predict which ICO is good, all the things that we got from ICO is promise and documents, but some ICO is a good ICO, not all people gt scammed by it, you just need to go further in research to know a good ICO

Nagrogflaz

member

Activity: 294

Merit: 11

your opinion is not right because people are not likely to participate in the wrong ico if from the beginning they know it, they are just victims

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