Topic: Why do people have no faith in ICO's? - page 12. (Read 1112 times)
When the prices of coins fall people receive a loss and are disappointed in ICO. But it is necessary to understand what has to be long-term investment and if the project not SCAM that after a while it makes profit.
indeed many of the people who do not believe in ico because for their opinion or about ico most scams and maybe also the cause of their disbelief of ico can also because they have not or less understand because for ico we must have extensive experience in order to know where ico is really good and nice to follow
I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything
The reason people are not trusting ICO’s nowadays is because there are many projects and ICO’s being launched that are scam or ponzi scheme. They just collect money through pre sales and private sales from investors in bulk and then the coin is never launched on any exchanges and is neither listed on coin market cap. Though people earn those successful and good ICO’s no doubt, but people also lose money when the ICO is not legit and is just made to rip people off their money. 
I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything
Investment is shrinking because previous ICO projects were created in an uncontrolled way and many inexperienced investors lost their money because of many scam projects. Or even their investment projects can not increase prices for several reasons affecting the entire market.
I see 2 interrelated reasons here:
1. Most of ICOs turn out to be scam or shitcoins (unsucsessful, unworthy) and people who lost their invested money become disappointed.
2. There are always critics or negatively thinking people on every forum. And after dealing with p.1 ICOs the number of such people only increases.
1. Most of ICOs turn out to be scam or shitcoins (unsucsessful, unworthy) and people who lost their invested money become disappointed.
2. There are always critics or negatively thinking people on every forum. And after dealing with p.1 ICOs the number of such people only increases.
It is not far fetched most of the ICO are like scam. Only very few of them that has a project well articulated in their white paper. It is only when you did due diligence on them that you will appreciate how shallow most of them are. One need to be choosy this days to survive it.
I think that ICO is good idea but with bad rimplementation. There are a lot of easy scam. And people can do nothing with it. When there will be some legal regulation with ICO it will be very interesting investment.
I myself became very skeptical of many ICO because of the scam, because people lose faith in projects and the fact that they are not made by scammers
over 90 percent of ICOs are scams or just terrible projects that will fail. You have to be EXTREMELY CAUTIOUS when in vesting in ICOs if you choose to do so.
I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything
Poeple are always after the moeny, they really don't care about the idea of the project, they even barly read the white papaer they just invest in it, because someone told them to or just because they see peopel investing in it, just like bitcoin most of the users in here don't have any idea about how the bitcoin works or why it was created they just saw its price and people making maney from it so they joined in and as soon as the price went down they started complaining, cryptocurrency is just more than investments and the projects that are made with ICO are hard working people who want to make their ideas come true and without support they can't acheive that, so before decieding wether a project is worth investing in try to read its white paper.
Maybe because every 21 years kid with one year experience in the university take a picture of himeslf put it on Linkedin, put it on his site and then call himself CEO of a world changing company.
if bitcoin has one trillion of coins supply? would it still worth 20k? obviously not.
same with ICO.
if bitcoin has one trillion of coins supply? would it still worth 20k? obviously not.
same with ICO.
I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything
what you are seeing is competition among ICO with almost the same aspect and platform although there are some people that are just too negative about ICOs since most of them had a scam issue in the past.No worries because i can see a lot of good ICO these days and with a team that is dedicated to their project, hopefully the negative vibes on ICO will vanish soon since it contributes to the reputation of cryptocurrencies.
From last 1-2 months market crashed big so all coins came down almost 70-80% of their ATH and in current situation all altcoins in bearish mode, as soon as new ICO list on exchange it comes down and most coins trading way below from their ICO price, so people are facing big loss in investing ICO. And some people have no time and no knowledge to research about the project. So most people do not faith ICO rather than they are now investing directly in good coins like Ether and Bitcoin.
a lot of good ICO just need to explore and choose and are afraid of nothing
if someone lose money on scam icos then they lose faith and this is understandable for me.
But there are really nice and real ICOs around and joytoken is one of them. this is going to change the gambling game for sure.
But there are really nice and real ICOs around and joytoken is one of them. this is going to change the gambling game for sure.
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.
Yes, there are a lot of scammers now. More recently, the news thundered on the same Bitconnect as I remember. It all creates bad background information about ICO
I'm sure some people have faith in ICOs, but it is hard for someone to have faith in something when they did not know what they were investing in the first place. Seems as soon as the price goes down a little or a fake sell shows, people follow each other to the exit. And yes, we get burned too by startups, but this is coupled with weak hands, no prior investigation, and ICO flipping.
I think the problem is that its so many ICOs going on and only maybe 5% can be seen as serious...
So I assume people have faith in ICOs but that its so many shady ones out there so if you read on this forum it could seem that people are very much against investing in ICOs but this is probably becuse the majority of the ICOs are shit.
So I assume people have faith in ICOs but that its so many shady ones out there so if you read on this forum it could seem that people are very much against investing in ICOs but this is probably becuse the majority of the ICOs are shit.
We can't generalize man. Not all people haven't faith in ICO projects, there is still a great community believe in this projects and invest in them. People who have bad or negative ideas about ICO projects either they have bad experiences in the past with ICO, or don't have good knowledge about this projects and the potential of earning you can make when investing in the right ones.
Most of the ICOs today doesnt have any good to offer,those services and products doesnt need blockchain,so that is why most of the people think that most of these projects are scams,but in reality there will always be 3/10 ICOs that will turned into scam after they have solicited some good money from these noob investors that is why we need to be alert and vigillant before joining these new projects to lessen the risk of getting scammed.
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