Why do people have no faith in ICO's? - page 6.

bitkanu

hero member

Activity: 2184

Merit: 513

Moonbet.io | Web3 Casino

Quote from: green547 on April 21, 2018, 07:51:16 AM

Crestonium just scammed a few million dollars recenetly, another ICO scam.

the whole ICO world just need a more stricter rules against all these ICO to prevent any kind of scam. Just imagine if there's some kind of authority that verifying every single ICO appear into the surface of cryptocurrency world. Even if it's centralizing ICO, it'll be good for the people's sake.
But however, only verifying won't make us losing the point of being decentralization I suppose.

Xclusive5

full member

Activity: 672

Merit: 100

Sincerely there are still some good ICOs around that have good roadmap and also have a solid team. If every investors are of the opinion that all ICOs are scam then all ICOs will die. The coming of new promising ICOs keeps hope alive that the future of investing in ICOs is bright.

green547

full member

Activity: 385

Merit: 101

Crestonium just scammed a few million dollars recenetly, another ICO scam.

ckorbba

full member

Activity: 672

Merit: 144

Quote from: avia on April 21, 2018, 07:36:08 AM

there are so many reasons as to why people lost faith in ico and one of which would probably be because of the fact that there were icos that were not able to deliver what they promised. other than that, there are also some people who are completely skeptical about icos that also influences other people who are still in the process of gaining more knowledge about it.

I think that over time there is a situation that should apologize, because many users have learned to analyze information and distinguish the swindler from real promising projects. home study all the documentation and see what kind of people are engaged in the development and based on this draw conclusions.

avia

member

Activity: 224

Merit: 11

there are so many reasons as to why people lost faith in ico and one of which would probably be because of the fact that there were icos that were not able to deliver what they promised. other than that, there are also some people who are completely skeptical about icos that also influences other people who are still in the process of gaining more knowledge about it.

yndye

sr. member

Activity: 616

Merit: 262

Quote from: Therightone on March 08, 2018, 08:40:59 PM

I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything

Some people have already experience with ICOs wherein they have high hopes for the project but after the ICO, the developers either disappear or didn't follow the roadmap that's why the get discouraged and if the developer aren't active then there is a tendency the investors would pull out their investments. Some ICOs are good but end up the team behind it run away with the investors money that's why some don't trust ICOs anymore. With the ICO boom in 2017, majority of it are below ICO price now so some just choose to wait until it is listed in exchanges so that they can buy it cheaper.

edenchainio

newbie

Activity: 26

Merit: 0

ICOs tend to have cycles.

During the hyped period when cryptocurrencies prices are soaring, new investors get tempted by stories of how ICOs can quickly give them returns of several folds. It creates irrational exuberance where people start investing in all sort of projects, even those without a proper product or actual use case.

Unsurprisingly, these short-term flippers quickly find that there is little demand for the projects that they invest in, and prices fall below the ICO price quickly. During such a time, ICOs go through a trough, where there is a lack of investors and even good projects find it difficult to raise funds.

It is also during the trough where investors who are still investing in high-quality projects obtains returns of several folds as the high-quality projects deliver on their products and hit milestones. Stories of such huge returns bring back newbie investors which repeat the cycle.

Cryptokingind

member

Activity: 322

Merit: 10

In last few months so many ICO's are failed to collect the required funds from the market, and they shutdown/postpone there projects due to continuously downfall of this market.I think due to this reason people's loosing there faith on ICO's.

altcoinhunter01

member

Activity: 840

Merit: 40

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.

Ikay

full member

Activity: 420

Merit: 100

Lack of knowledge, because some of investors don't investigate or trying to see if its legit or not then if they scam their belief is gone so wrong they did not think before investing in a project the they complaining why they scam.

knhys291

brand new

Activity: 0

Merit: 0

Marinecoín! I think this project is the best in 2018, they have great roadmap. take a chance to get 20,000 .MTC. free right now, just sign up the link marineco.ín/ico and follow some simple steps. in Internet Artificial Intelligence (AI) of Things (IoT). time dilution technology. time dilution technology - artificial intelligence - self sustaining - community - fair distribution - iot In my opinion, .MTC. will success in the future. It is time tested fast and developed blockchain with quickly growing community, artificial intelligence and many other features in itself.in Internet Artificial Intelligence (AI) of Things (IoT). time dilution technology. time dilution technology - artificial intelligence - self sustaining - community - fair distribution - iot I believe that MarineCoín would absolutely will success in the future ! And by the way , you can go ahead and check their website at marineco.ín and they are now giving 20.000 .MTC. Free ICO for one person who sign up the link marineco.ín/ico

thesmallgod

full member

Activity: 1498

Merit: 129

I think most people do not really read well before investing maybe some of them (especially the newbie) think all project is profitable if it is not scam. I think the major thing to do first before investing is to study well what you want to invest into and ask yourself what is your chance of profiting from the project. most investors do not really do this but I think it is better to have in mind the area that interest you most in any ICO. is it app development project or real estate or mining or alternative energy having it at the back of your mind that you are investing on something that will be generally be acceptable when finally hit the market.

Hashkon

copper member

Activity: 38

Merit: 0

Worlds Only Staking Platform with Withdrawal Trust

All this is because they lack the proper knowledge of investing..... sometimes they easily gets attracted towards the ponzi schemes and then when they incur losses they discourage other people too to not to invest in other upcoming projects although they are good...

adpinbr

sr. member

Activity: 1078

Merit: 254

because many ICOs are not that trustworthy enough and due to bad past experiences of an individual user to certain ICOs because some are fake and some are real. you just have to be very specific to what you want and be systematic to picking an ICO you want to work with it.

gribble

hero member

Activity: 966

Merit: 552

Quote from: Therightone on March 08, 2018, 08:40:59 PM

I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything

Many people doesn't really do analysis about the fundamental of ICOs, even they don't read the whitepaper of ICO mostly of them just read the title of ICO, when they got scam all of the ICOs be blamed and they don't believe in ICO projects any more, actually the problem is on the investors, they don't really learn more about the projects and unfortunately they don't know about it.

Ilegendph

full member

Activity: 434

Merit: 103

Thinking on the higher plane of existence.

Most of the time people 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.

Xxmodded

sr. member

Activity: 2254

Merit: 309

SOL.BIOKRIPT.COM

Quote from: Therightone on March 08, 2018, 08:40:59 PM

I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything

of course it requires knowledge and experience, for involvement in the crypto industry.
if you are a beginner, surely this will make you ask questions. and you need to know, not all ico is good and will succeed. especially for the moment it's so difficult to compare the recognize ico that leads to a scam action.
That's why many people are not sure of investing in ico.

stingraydiver

member

Activity: 117

Merit: 18

People are drawn to easy money; the get rich quick idea. Greed clouds their judgement. Unfortunately, getting rich quick does not exist. There are ICO's out there that have merit. Your job is to research which ones are real and which ones are scams. As long as you have done your part in vetting them, you stand a chance for earning a profit.

Think about this. Do you remember the initial offering price of Google? Amazon? Apple? What is the stock price today? How long did it take them to get to where they are today?

shone08

sr. member

Activity: 602

Merit: 262

Quote from: kaizie on April 17, 2018, 08:45:21 AM

For that reason they know that ico's is a scam, they can lose their money because of it. They do not have enough knowledge about ico's or they do not care about it. We do not have the right to force them to believe in ico's because each person has their own decision.

Not all ico are scam there still few ico project that have a real product and developer all you need is do research on that project check every detailed of the project dont put your money if you see the project have a high chances to turn into scam, one reason why people have no faith in ico because their scam in some ico.

kaizie

member

Activity: 214

Merit: 10

For that reason they know that ico's is a scam, they can lose their money because of it. They do not have enough knowledge about ico's or they do not care about it. We do not have the right to force them to believe in ico's because each person has their own decision.

Topic: Why do people have no faith in ICO's? - page 6. (Read 1112 times)