Topic: Why do people have no faith in ICO's? - page 5. (Read 1112 times)
a lot of ico disappointed in 2017)) there is a prerry big risk compared to the profit, it is easier to buy on the stock exchange the asset you need. You have less money, but you do not have so much risk
We found that misinterpret the coins/tokens as dividends to the project's revenue not knowing and reading that it is a utility token which can be use the proposed platform. And if you are an investor that expecting high value after an ICO and the team will list on an exchange then sometimes you will be disappointed because of this ignorance. Please bear in mind though this tokens are tradable it still a has its general purpose and its actual use should be promoted so that project will be in industry for a long time and not like any other platform that after ICO and pumping of price, they're gone.
Because many people do not really know about the ICO project. You should research and learn more about ICO projects through books, magazines or websites written about the ICO project of the cryptocurrency market. I am sure it will help you get a good ICO project for you to invest. Good luck.
I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything
Because new ICOs nowdays are mostly scam proejects,i didnt say all but most of these projects are just being launched to raise funds and then eventually going to runway from the investors which is why i am not joining these ICOs because even those good looking projects might turn into scams which is why it is too risky.
ICO need to choose carefully. There is a saying, "To make money it's not worth investing in ICO." I consider her true only half. Because it is well chosen ICO the success of income and prosperity.
considering how many real life startups fail within the first year, that combined with the current ico atmosphere(tons of scamming),
aswell as all the "pre-pre-pre sales" for whales, it's unwise to throw your money around unless you really know what you're investing in.
aswell as all the "pre-pre-pre sales" for whales, it's unwise to throw your money around unless you really know what you're investing in.
I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything
not all ICO altcoins that have good mission vision and roadmap guarantee that the project is good. It depends on the people in the project. Because I personally better follow the project in which there are already people who are experienced and have a good track record in the world of crypto. Because of the project's tendency to succeed depends on it. Writing a vision of a brilliant mission is easy, but to realize it will not be as easy as it is written, therefore some experts need to help realize the mission's vision.
Some people do not believe in ico because there are also some ico that are unclear and likely already experienced with a hoax by an ico and therefore some people do not trust ico.
I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything
Because some people think ICOs are all scams. Due to lack of knowledge about stuffs about ICO, they choose to stay away and avoid taking risks than doing research. Still, we cannot push people to believe to something they don't want to believe in the first place. It is their own preference. If they don't want to be educated, let's just let them be.
When was a lot of talking about cryptocurrency and ico, a lot of people decided to get in crypto and started to invest in ico. And they did't even try to find out what is the projects, they invest in. As we know majority of ico is scam, so many people lose their money. That's why they don't believe in ico any more and don't want looking for good projects. Everybody should learn more about crypto before starting to invest.
Many people does not have a faith in ICOs becouse 80% of them are scam. You just dont want to loose your money after all, so you would make an investments with care.
Bad rep some ICO's are getting recently is actually a good thing for cryptomarket and future ICO's.
Why did people lose faith? Lack of transparency, mostly - as well as lack of responsibility from some ICO companies.
It will get better with time, there are currently a few ICO's I have enough faith in to invest in them.
Why did people lose faith? Lack of transparency, mostly - as well as lack of responsibility from some ICO companies.
It will get better with time, there are currently a few ICO's I have enough faith in to invest in them.
Maybe they do not have full knowledge about ICO, they think it is very risky. In fact, ICO is a new form of investment, with potential for investors, it is technology projects to develop different products to make a profit. However, many ICO projects have recently scammed investors, they take advantage of everyone's trust to do bad things. Besides there are many ICOs that have not been able to develop successfully as they have promised people. I think it is these things that make people have no faith in ICO's
I agree , ICO's got a really bad name because a lot of people scammed with it. So when people see ICO now they will instantly refuse it, but they forget that there came a lot of solid projects out of ICO's. I think if you just do your reserach and know what you are doing it can be profitable to invest in ICO's.
Because most of the ICOs are scams nowadays which is why fewer people are risking their money thri these ICOs,theres much scams compare to the legit ICOs which is why less and less people are joining ICOs,because you will need to do a lot of research before joining these ICOs so that you wont regret your investments,if you have found redflags do not try to join or you will lose your investments.
Maybe they do not have full knowledge about ICO, they think it is very risky. In fact, ICO is a new form of investment, with potential for investors, it is technology projects to develop different products to make a profit. However, many ICO projects have recently scammed investors, they take advantage of everyone's trust to do bad things. Besides there are many ICOs that have not been able to develop successfully as they have promised people. I think it is these things that make people have no faith in ICO's
I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything
People have no faith because most of the ICO's here are to make money fro themselves and they just wanna run away with it. This is happening since a year now and thats why people has started doubting every ICO that comes out of the black hole. I mean if this keeps happening then the day will come when people will not even have 1% trust in such projects and there wont be any ICO;s anymore.
Its the ICO who are making it scam not the people! People are here to earn money or profits by putting their own money into their projects but if they kept doing scam stuff then how can anyone risk the money anymore?
Cause most of the scam ICOs are hyped by large number of shills and there is no way to differentiate between them and the good ICOs. Also most of the ICOs launched last year have already failed so I don't see why someone should have trust in the ICO future. Also most of the ICOs are being valued at crazy prices and aren't worth even one tenth of their valuations.
People don't have faith in ICOs since they are able to tell no one actually needs $100 million to develop a beta of a product. The Merkle just yesterday published a list of top 4 projects not doing an ICO and building the product first.
1. MARKET Protocol - their dApp will be out in 2 weeks, project funded fully by founders
2. Masari - they have a token, no ICO
3. ChanCoin - currently building, 0 marketing, just developing
4. Elixir token - already listed, great and large community already supports it
https://themerkle.com/top-four-upcoming-cryptocurrencies-sans-icos/
So they are a proof of not needing to do an ICO at least until you have a working product. Grin/MimmbleWimmble is another great example, and there will be more and more to come!
1. MARKET Protocol - their dApp will be out in 2 weeks, project funded fully by founders
2. Masari - they have a token, no ICO
3. ChanCoin - currently building, 0 marketing, just developing
4. Elixir token - already listed, great and large community already supports it
https://themerkle.com/top-four-upcoming-cryptocurrencies-sans-icos/
So they are a proof of not needing to do an ICO at least until you have a working product. Grin/MimmbleWimmble is another great example, and there will be more and more to come!
I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything
i understand your point of view. Many peoples spread their investment because they are not sure which one is the most profitable for they.
more over there are many ICOs that turn to be scam. it will makes peoples lose faith about ICO.
Now a days people are losing faith on ICO'S because in last few months,there are many ICO'S which were failed to collect required funds and windup their projects.This create huge negative affect on ICO'S.
And as a rule, in the news for some reason, the most attention is paid to unsuccessful projects or projects where the team deceived investors. This creates a general negative background. Jump to: