Because ICOs waste a lot of money on marketing and paid ratings and reviews instead of development. And a lot of them are just a crappy scam.
Topic: Why do people have no faith in ICO's? (Read 1112 times)
I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything
The poll's responses are funny. I guess it seems like a lot of people just think you're a newbie haha.
Anyway I don't think the problem is that people aren't trying to push good projects, the problem is that the reality is MAJORITY of the projects are really crap. There is no reason to push or support a project when most obviously are just money making scams designed to make the development team richer.
Currently investing in ICO is no longer a trend as it was in early 2018 as most ICOs are presently not potential. I used to participate in Shivom bounty, and now the rate of cryptos is 10 times lower than the price when purchased at the time of ICO. This makes investors more cautious with ICO projects.
Many ICO projects are scam, no product and runaway with your money so many people don't believe in ICO's. But there are good ICO that has working product and still developing.
people expect fast results from icos and once the ico is the listed in exchanger they start expecting the price skyrocket but it wont happen ico need time to grow and develop their platform
In my opinion, those people felt that they are investing into something they don't know. If you think about it, those investors doesn't have a guarantee on what will happen to their money. Contract is non-existent, just web page and investors won't have anything in case the ICO run away. They are just hoping to get something more out of the its original price. That is what ICO is about and its that simple.
Yes offcourse there are plenty good ICOs around and there will be more .market condition is bad and thats the only reason why everybody says that ICOs are gone but believe me everything will be fine very very soon
Beginners tend to be scared of investing in ICOs since I do not think that they know what they are going to be up to. If they knew what they are doing, then the fright of investing would simply be a matter of how much risk are they going to take. Another case is when some people are scammed, which is really the most popular reason that people are scared.
I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything
There are scams everywhere. It is hard to get hour hands on good ICO. Then when finish and start trading the price is drooping. IMO people are just careful, because of the current situation.
this is a silly question!!!!
most of ICOs are scam so why people might be scared???
ahahah who knows??
come on dude, what kind of question it is? please be serious in this forum!
most of ICOs are scam so why people might be scared???
ahahah who knows??
come on dude, what kind of question it is? please be serious in this forum!
Icos doesn't give same huge return as it use to do years back. People now invest in icos now with the intention to flip once listed on an exchange which is bad for the survival this tokens.
just like menow more and more ICO is not qualified, and not serious
I am vacuum from ICO and focus on altcoin trading
I will re-plunge into the world of ICO if there is clarity for all projects
Icos doesn't give same huge return as it use to do years back. People now invest in icos now with the intention to flip once listed on an exchange which is bad for the survival this tokens.
I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything
Cause not all the people beleive in ICO, some of them believe that ICOs are collecting money and disappear, another people think that the project only collecting money band run away)) But i recommend you to look carefull at the projects, there are lots of potential ones, but it's challenging to find such ICOs, but still, it's worth it.
There are good ICO's, you just have to find them amongst the more common poor quality ICO's. Its probably because too many ICOs have already failed to deliver and even some have actually ran away with investors money.
Finding a good ICO is like finding a needle in a haystack
Finding a good ICO is like finding a needle in a haystack
A lot of people have gotten burned by Scam ICOs so they are afraid to invest at this point. There are still some hidden gems out there but you have to sift through a lot of garbage to find them.
Most people have been burnt so it depends on your experience. I have been burnt in some but also made large profits in others so overall I am good.
most of the time the majority of ppl have no idea on what they are "investing" in so they give all the good ICO's a bad name bc now many think they are all crap coins. Do your research ppl!
to tell the truth, I think it's a little bit stupid to loose faith in something, if you have negative experience in it. I believe, you are responsible for your own success. If you lost, it means you did something wrong, for example you made a wrong choice of ICO. It often happens, it is a motivation to learn on your mistakes, and next time put more efforts, be more accurate. There are lots of examples of successful projects, and lots of people who earned money by investing in them. So let's look at the positive results, think positive and do our best to pick right projects. all the best.
there is no faith, because there are a lot of monsters and garbage, it is difficult to find good projects among this disorder, besides no regulators
Because there are some ICOs that would just scam or take away people's money. And also dumping of prices are common after a certain coin has been listed to the Exchange that is why others dont like icos.
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