Well, that is easy to say for people who have already a lot of knowledge and experiences here in the forum with shitty amd scam ICOs. But the sad truth is that not all of us here are already knowledgable and experienced enough to differentiate or categorize good ICOs from the bad ones.
That being said, shitty and scam ICOs popping out of nowhere will never be stopped because there will always he a lot of newbie investors to scam. The only thing we can do is spread as much knowledge as we can to everyone in the community to prevent these scumbags from fooling a lot of people to fill their own pockets.
Topic: Why do most people invest in wrong ICOs to lose money ? - page 8. (Read 2523 times)
I think most people invest in wrong ICOs because they lack information. They can't find any information except information from the devs. And investors have to trust them.
That's why I suggest before try to invest ICO, check out their feedback and trust usually it can be found on forum or other social media.
For example https://www.pundix.com/ we can see this project looks promosing but you just to make it sure by visiting their discussion about this project
Preventation is better than a cure , isn't it ?
For example https://www.pundix.com/ we can see this project looks promosing but you just to make it sure by visiting their discussion about this project
Preventation is better than a cure , isn't it ?
Actually it happens with those people who don't know in which ICO to invest as they have just started there investment plans. They don't even get some information about ICOs before investment. Most of the times it happens with the beginners. So according to me one should be aware of the market value of ICOs before investment.
It is the ignorance of investors that they only see what ico advertises. If there are articles analyzing the fraud ico is quite good for them now I have not found the same topic but they hope in the future it will appear and it will help the less investors ro when investing in ico
simple math,.. like start ups, most of ico projects fail. So when 8 of 10 are failing but every project have collected money... most of investors loose their money. So: just invest small amounts and spread them over different projects wich you have chosen carefully.
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 --
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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 --
--
When any company start ICO and no one can told that which company will be success. So people invest his money and lose his money if ico not success. My thinking is when any new company start his ICO we must check before invest to which is Team member with those company if team leader is active and he is promote her company very well then he can got a best result and must be success his ICO. so we must analysis then invest money if every person do that hope no one can lose his money.
I think the biggest reason why many people invest their money into the wrong ico project, and ultimately lose their money is because they are tempted by too high a bonus in investing an ico project
I agree! So true.
In my opinion the changes are already rapidly underway -- more institutional investors, VCs starting to look seriously, etc. In that regard, I'm surprised that Coinlist hasn't come up yet in the discussion:
https://coinlist.co/
It feels to me like this route to screening is where the ICO market is headed. How many on this list also invested in Filecoin or looked at their pre-ICO?
https://techcrunch.com/2017/08/10/filecoins-ico-opens-today-for-accredited-investors-after-raising-52m-from-advisers/
My own suspicion is that those that want to maximize their gains are going to be looking very closely at these pre-ICO offerings.
https://coinlist.co/
It feels to me like this route to screening is where the ICO market is headed. How many on this list also invested in Filecoin or looked at their pre-ICO?
https://techcrunch.com/2017/08/10/filecoins-ico-opens-today-for-accredited-investors-after-raising-52m-from-advisers/
My own suspicion is that those that want to maximize their gains are going to be looking very closely at these pre-ICO offerings.
I think the biggest reason why many people invest their money into the wrong ico project, and ultimately lose their money is because they are tempted by too high a bonus in investing an ico project
sometimes, the whitepaper and their pages pull wools over investors' eyes (wannabes actually) and they fall for the wrong ones.
As you said, experience is the best teacher but the lessons are often expensive.
Consider it as "tuition fee" As you said, experience is the best teacher but the lessons are often expensive.
I paid mine and taking required "continuing education" classes it seems. LOL
sometimes, the whitepaper and their pages pull wools over investors' eyes (wannabes actually) and they fall for the wrong ones.
As you said, experience is the best teacher but the lessons are often expensive.
Consider it as "tuition fee" As you said, experience is the best teacher but the lessons are often expensive.
I paid mine and taking required "continuing education" classes it seems. LOL
sometimes, the whitepaper and their pages pull wools over investors' eyes (wannabes actually) and they fall for the wrong ones.
As you said, experience is the best teacher but the lessons are often expensive.
Consider it as "tuition fee" As you said, experience is the best teacher but the lessons are often expensive.
I paid mine and taking required "continuing education" classes it seems. LOL
Not at all - my point is that the past is the past - when there were fewer ICOs in the original hype - some people THAT SOLD made some returns, but for every seller post ICO, there is a buyer ´- so altogether huge losses have been made. The earnings were "luck" since almost EVERYTHING rallied, since then at least 90% are and have been failing.
Even bad projects "back then" made some short term gains - NOW IT IS IMPERATIVE that people invest differently - hence my point is that people have to shun the rubbish and foget the hyped projects and change outlook.
I agree with you. But as I said earlier...you need losers to have winners. Even bad projects "back then" made some short term gains - NOW IT IS IMPERATIVE that people invest differently - hence my point is that people have to shun the rubbish and foget the hyped projects and change outlook.
"A sucker is born every minute." -- it is famous saying for a reason. Had been, will always be...and there is nothing we can do about it.
BTW, I am a sucker too sometimes...I am human so not fool proof.
BTW - I only get upset because of having been a sucker in the past too many times !
Experience is the best teacher...just don't keep repeating same mistake
experience is a teacher but not the best one
regards
As you said, experience is the best teacher but the lessons are often expensive.
Yes many people lose money in scam ICOs
Investing in ICO is risky. because many projects are scam. so i think, first you research white paper and check about team member at the project. then you decide Participate in ICO or not.
Investing in ICO is risky. because many projects are scam. so i think, first you research white paper and check about team member at the project. then you decide Participate in ICO or not.
jes it is risky but the great is bigger than the mind, and the hopes are bigger than the reason so people invest into risky "promising" icos
not in stable and secure ones,
Yes many people lose money in scam ICOs
Investing in ICO is risky. because many projects are scam. so i think, first you research white paper and check about team member at the project. then you decide Participate in ICO or not.
Investing in ICO is risky. because many projects are scam. so i think, first you research white paper and check about team member at the project. then you decide Participate in ICO or not.
because people don't understand, lazy to learn and investigate to digging, and it turns out that invested and has lost the finance, especially now there are a lot of swindlers if you have decided to invest, you aren't lazy to check the company and will be you are fine
Mostly this is the case as you mentioned, I agree because as a beginner or newbie to this market, I myself was doing the same and loosing money.
Its rare but there are ICO frauds who don't leave any proof of it being fraud. But that's very rare enough so mostly negligence and casual approach while investing is the cause of loss over ICOs
because people don't understand, lazy to learn and investigate to digging, and it turns out that invested and has lost the finance, especially now there are a lot of swindlers if you have decided to invest, you aren't lazy to check the company and will be you are fine
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.
Most often, due to their unpredictability and because of a great desire to quickly have round sums on their accounts 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.
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