These people are in a great hurry. Probably their excitement plays a bad joke with them. You know that still many guys believe advertisement and buy the things that call later trash.
The same with ICO: use your head and spend time to investigate the ICO project, and no one will call you a loser.
Topic: Why do most people invest in wrong ICOs to lose money ? - page 7. (Read 2436 times)
one estimate, via CNBC is that only 8% of 26,000 blockchain projects are still active:
https://www.cnbc.com/2017/11/09/just-8-percent-of-open-source-blockchain-projects-are-still-active.html
https://www.cnbc.com/2017/11/09/just-8-percent-of-open-source-blockchain-projects-are-still-active.html
Most people think they are going to become rich because of the marketing campaigns these ICO coins run. They get all hyped up and then people just sell them shortly after they hit the market like a classic pump and dump scheme. The developers of these ICOs do this to make money and it's well known as it happens all the time and it's talked about all the time.
People are taking a risk. Most of the people are following the other people, reading wrong reviews and trusting to the promising plans of the devs. Some projects made highs promises and when ICO came to an end people realized it was bad investing. Same is going now with plenty of ICOs around. People gamble with their money and are expecting easy money. Everyone wants the money without needing to work for it and they are seeing that money in ICOs in which half of them are the bad investment.
Before investing in ICOs you have to do your own search and analyses and fix the time you want to hold.
Unfortunately many ICOs represents good projects but cannot be related to blockchain.
Unfortunately many ICOs represents good projects but cannot be related to blockchain.
people lose money because it is impossible to predict the market. simple as that!
People like to gamble 
Because all investments in kryptoland are big "?" and random gamble.
Many skams is pumped because their whales are pumping giveing some news then DUMPING hard.
In ICO today is 50% chance tha tyou wil lose money best time in investing ICO is over now skams wont go x10 for whitepaper.
I also start to wonder about whether some ICOs -- independent of their whitepapers, team and hype -- are addressing markets that will take many years for them to have an impact, vs other ICOs that have been careful to choose an area of technology/life where their impact can be more immediate.
In that regard, Filecoin strikes me as a good example, they almost immediately have a market, they have little direct competition.
In reading through Prosume and thinking about their market, at least for an eventual launch in the US, it strikes me that they will run up against a very large number of entrenched interests. The major power companies are not going to want to give up their market-share. Consumers are 'educated' to believe that they have to stay with their name brand energy companies. So, this might limit the initial market. It doesn't say anything about the longer term, but it does mean that anyone investing in an energy distribution company, at least within the US market, would most likely have to be viewing this as a very long term market play. I do realize that the initial market is EU, and I admit to knowing less about energy distribution and the market forces for the EU system. Also, noting a very nicely put together web-page, set of white-papers and a powerful team that has been assembled.
Please, don't take this as being negative about Prosume, or its prospects, only trying to help illustrate some of the thinking that I believe is obvious for evaluating an investment (short-term, long-term, difficulty of market, etc). In that regard, I'm trying to hew to the original post on this thread and how ICOs should/could be evaluated.
Obviously just my opinion --
--
In that regard, Filecoin strikes me as a good example, they almost immediately have a market, they have little direct competition.
In reading through Prosume and thinking about their market, at least for an eventual launch in the US, it strikes me that they will run up against a very large number of entrenched interests. The major power companies are not going to want to give up their market-share. Consumers are 'educated' to believe that they have to stay with their name brand energy companies. So, this might limit the initial market. It doesn't say anything about the longer term, but it does mean that anyone investing in an energy distribution company, at least within the US market, would most likely have to be viewing this as a very long term market play. I do realize that the initial market is EU, and I admit to knowing less about energy distribution and the market forces for the EU system. Also, noting a very nicely put together web-page, set of white-papers and a powerful team that has been assembled.
Please, don't take this as being negative about Prosume, or its prospects, only trying to help illustrate some of the thinking that I believe is obvious for evaluating an investment (short-term, long-term, difficulty of market, etc). In that regard, I'm trying to hew to the original post on this thread and how ICOs should/could be evaluated.
Obviously just my opinion --
--I agree with you about green energy projects. I get that the current hype is saving the world through blockchain based sustainable energy projects, but if you consider investing in such a project you should first ask yourself why the energy market is what it is the last couple of decades and how throwing a blockchain against that is supposed to solve one of mankind's most difficult problems.
It is true! Most people buy whatever, I think they don't even study what are buying the most. I personally hold my money and invest only to very good projects and teams, I never lost money, I always have good returns.
The issue is the amount of ICO's that are popping up all over the place and diluting good projects.
Research is the key here. Just like any investment knowing the business, the industry and where they are going is vital. Here are a few things i look for in an ICO
- Strong team - Both in development team and also the CEO's / marketing (no point having a great team to create something, if nobody can advertsie it and push the startup in the right direction.
- Realistic vision - not aiming too high or if they do not reach their target everyone who invested will be disappointed
- Solid whitepaper - Well thought out, shows realistic goals, a strong good vision and a plan of action
- Strong social media presence - A social media that shows they are connected with everyone
- Good customer support - Shows they care, and they have invested time and money into making sure the average investor can ask questions
- Good website - A business who is willing to throw time and effort into a good website are less likely to be a scam
- finite supply - ICO's with no cap can be dangerous and can simply just damage their own coin by releasing more for more investment.
-Market they are getting involved with - Is this a new market? or a dying one? who controls the market?
Also here is an interesting article comparing ICO's with a working product vs a vision.
https://medium.com/@crowdholding/mvps-pocs-and-ideas-which-icos-should-i-better-invest-in-and-which-will-let-me-down-369bf1ffae2
Hope this helps and happy investing!
Research is the key here. Just like any investment knowing the business, the industry and where they are going is vital. Here are a few things i look for in an ICO
- Strong team - Both in development team and also the CEO's / marketing (no point having a great team to create something, if nobody can advertsie it and push the startup in the right direction.
- Realistic vision - not aiming too high or if they do not reach their target everyone who invested will be disappointed
- Solid whitepaper - Well thought out, shows realistic goals, a strong good vision and a plan of action
- Strong social media presence - A social media that shows they are connected with everyone
- Good customer support - Shows they care, and they have invested time and money into making sure the average investor can ask questions
- Good website - A business who is willing to throw time and effort into a good website are less likely to be a scam
- finite supply - ICO's with no cap can be dangerous and can simply just damage their own coin by releasing more for more investment.
-Market they are getting involved with - Is this a new market? or a dying one? who controls the market?
Also here is an interesting article comparing ICO's with a working product vs a vision.
https://medium.com/@crowdholding/mvps-pocs-and-ideas-which-icos-should-i-better-invest-in-and-which-will-let-me-down-369bf1ffae2
Hope this helps and happy investing!
I think there's maybe a dozen ICOs within the year that will show promise. Everyone and their grandmas are starting ICOs these days. You don't buy every piece of crap sold on the shopping channel, so why do people do it with ICO? A fool and their money are easily parted...
When choosing an ICO for investment, it is difficult to choose one that does not contain the possibility of fraud. Now the team can be professional enough, and technical documents are in order, and the idea of the project is good, and in the end, all this can be fraud. Therefore, investors suffer. In order to minimize risks, there should still be government regulation of the ICO.
Investing in ICO now is pretty high risk if you are hoping for a quick return, I haven't seen many ICO recently that you cannot purchase coins cheaper after it finished
You don't need many. We need only to choose 2-10 best ICOs each month, and if one of them will fly high it will be super, even if 9 will be a SCAM
Investing in ICO now is pretty high risk if you are hoping for a quick return, I haven't seen many ICO recently that you cannot purchase coins cheaper after it finished
They do invest because they do believe in the project or became interested in it. Otherwise, they'll ignore it and move into an ICO that fits their interest. Others invest and hope one day that luck will be on their side to gain profit. I don't really see an ICO nowadays who has truly potential, unlike before where ICO's has really their own purpose. I was glad that I benefited from these kind of ICO's (won't name them) but I did really gained some profit in it. I do hope one day devs will change how the game was being played today and become more strict in choosing participants especially in airdrops where will it create such hype and be dead at the end.
What I saw since I am into the ICOs is that investors are not studying or researching the projects profoundly. For me in general most important is the concept of a project and what the project is backed with.
For example, Crowdholding is a project with a great concept of co-creation backed by the Fintech startups pledging the future revenue back to the crowdholding's ecosystem. which makes a project solid
For example, Crowdholding is a project with a great concept of co-creation backed by the Fintech startups pledging the future revenue back to the crowdholding's ecosystem. which makes a project solid
If somebody lose money, the others get it. If someone want to get big money a lot of newbie should lose a little. ICO is lottery and more you investigate new projects more chance you have to get your reward.
So who don't try don't win.
So who don't try don't win.
ICO itself is risky investment, you have most chance to lose your money, about 90% projects will die like Vitalik Beterin said. So it is obvious that you can't make the money by ICOs unless you invest in good ones.
They lose investing into wrong ICO or scam project because they hurry up to earn. The more info you get about the new ICO Ц the less chances you have to be deceived. Avoid ICO that do not have whitepaper and stay away from fishing sites.
frankly, the whitepapers may show a good "idea", but without a full business plan and assessment of the competitive space, regardless of the technology used, it's very hard to tell which companies will really succeed. hence, many bad ICOs.
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