I have to admit that now it is no longer feasible to invest in ICO, because there are so many ways to invest in new projects. I last participated
in ICO in 2019, and started choosing IEO more often to invest in new projects. But since I got to know DeFi in 2020, I have also switched investments
in DeFi, because I'm a typical person who always follows trends. Because in my opinion, if we want to be a successful person, we must be able to
follow the trends that are currently popular. Because the most important thing is investing in the technology sector, don't get left with the trending
that is currently popular.
Topic: Why I am quitting ICO's (Read 6154 times)
Quitting ICO is one of the best you do because still investing to this kind of investment is not good and you risking your money to lose because there is a lot of scammer there and the chances your money to grow is very low so I think those people are still investing to the ICO are change their path to IEO who is more safe than the ICO.
There are very few projects that did ICO that has become successful, these projects are good projects and the developers are transparent and honest, it's rare for a project to succeed if they choose ICO as a mode of crowdfunding because investors are not risking their money that will have no guaranty of return, ICO has become a way too risky for investors, I would not even look on projects that are doing ICO.
Pretty soon, initial coin offerings are going to phase out completely.
Pretty sure OP meant offerings in general, meaning investing in new projects as a whole, since IEOs were not as popular in 2018 he just preferred to use the word ICO.
Now in 2021 many things have changed and we got IDOs and IFOs as well which in this bull market can give you a very good return, and that's of course if you done your research and they have at least a decent project plan and are not scams/rugs, rugs are are only problem of this bull market since DeFi tokens are very popular now which mostly have anonymous team and even though sometimes code audits could give investors some assurance, there's no guarantee the auditors did not miss something which could result in that asset going to zero in just one hour or even less.
Quitting ICO is one of the best you do because still investing to this kind of investment is not good and you risking your money to lose because there is a lot of scammer there and the chances your money to grow is very low so I think those people are still investing to the ICO are change their path to IEO who is more safe than the ICO.
Pretty soon, initial coin offerings are going to phase out completely. I am not sure about STO though. We're already feeling that right now, as most of the startups are now focusing on IEO, IDO, DeFi and NFTs. Although that there are still some who prefer this kind of fundraising method, it's just that ICOs are not going to be a common fundraising model anymore in many years to come until it will completely phase out for sure.
If we try to think back in the date when this topic was posted, I can say that he has a point why he quits ICO. In 2018, ICO is really a trend for new projects but most of them have massive hardcaps that most of the time they didn't reach. Today, ICO is already gone but I can say that most ICO projects back in recent years became successful up to this date and still on top altcoins.
I've been quit from ICO investing since the Q4 2017.
The main reason why i quit from this because i'm getting scammed by the project i invested.
2017 is the worst year for my investment career, the only good thing i have from that year just Experience.
Many of ICO just hyping people up, collect too much money and they are so lazy to develop their project.
The main reason why i quit from this because i'm getting scammed by the project i invested.
2017 is the worst year for my investment career, the only good thing i have from that year just Experience.
Many of ICO just hyping people up, collect too much money and they are so lazy to develop their project.
Unfortunately, it is the lack of experience and the laziness of the dev team that is one of the most difficult elements of the project to check before we invest. We can check the project in terms of its probability od realization, accuracy, precision and legality, but the team's personal predispositions are the most difficult element to research. Unfortunately, with so many projects that appeared in 2017/2018, it was very easy to fall in a scam or simply a terrible dev team.
I've been quit from ICO investing since the Q4 2017.
The main reason why i quit from this because i'm getting scammed by the project i invested.
2017 is the worst year for my investment career, the only good thing i have from that year just Experience.
Many of ICO just hyping people up, collect too much money and they are so lazy to develop their project.
The main reason why i quit from this because i'm getting scammed by the project i invested.
2017 is the worst year for my investment career, the only good thing i have from that year just Experience.
Many of ICO just hyping people up, collect too much money and they are so lazy to develop their project.
A really good points for new comers in crypto that will guide them on how to invest in a good and fine way without losing huge money on fake projects and rugpull schemes. ICOs complements that IEO now wherein it is more safe to investors and it is more trusted way of conducting funds for start up projects.
No matter how smart and careful one is, ICO is always dangerous and it's never and option for me, I daf my hat for those who still take the risk.
If 10 project will be conducting ICO or pre-sale, only 2 will be successful, so the risk is high. Even the so called IEO, I only participate in Binance, any other options are also risky as well.
Binance and other top exchanges always prioritize their customers and they make sure their satisfaction comes first.
A really good points for new comers in crypto that will guide them on how to invest in a good and fine way without losing huge money on fake projects and rugpull schemes. ICOs complements that IEO now wherein it is more safe to investors and it is more trusted way of conducting funds for start up projects.
IEO is safer than ICO because exchange has to research it before accepts the project. This does not guarantee that the IEO will be successful, it does not even guarantee that it is 100% legal, but it greatly reduces the risk. STO should be registered as a company in a place where there are legal regulations, so it also significantly reduces the risk. However, scammers can register a fake comapny and it is very difficult to check.
or fund accumulation then this one is much more preferable due to direct listing or trading off once it do succeed on hitting up the cap but look at the current trend?
Where those IEO sales that we had seen in the past? It had been covered up with another hype in the market which is on that DeFi thing.
ICO projects are total shit but doesnt mean that the others were exceptional but somehow you can spot out which one is relevant and which is not on a
small number or projects compared on a flooded one that you can see on ICO.
When it comes to security and risk reduction of investments, there is no better security than your own very careful research of the project. Unfortunately, not everyone can do it, which is why when someone is not able to obtain accurate information about the project, he can use general information. The form of token sale by IEO is a great help, because part of the verification process of the project in terms of legality is done by the exchange where the IEO will be held. Of course, usually immediately after the end of the sale token, you can trade the previously obtained tokens almost immediately on this exchange.
A really good points for new comers in crypto that will guide them on how to invest in a good and fine way without losing huge money on fake projects and rugpull schemes. ICOs complements that IEO now wherein it is more safe to investors and it is more trusted way of conducting funds for start up projects.
IEO is safer than ICO because exchange has to research it before accepts the project. This does not guarantee that the IEO will be successful, it does not even guarantee that it is 100% legal, but it greatly reduces the risk. STO should be registered as a company in a place where there are legal regulations, so it also significantly reduces the risk. However, scammers can register a fake comapny and it is very difficult to check.
or fund accumulation then this one is much more preferable due to direct listing or trading off once it do succeed on hitting up the cap but look at the current trend?
Where those IEO sales that we had seen in the past? It had been covered up with another hype in the market which is on that DeFi thing.
ICO projects are total shit but doesnt mean that the others were exceptional but somehow you can spot out which one is relevant and which is not on a
small number or projects compared on a flooded one that you can see on ICO.
A really good points for new comers in crypto that will guide them on how to invest in a good and fine way without losing huge money on fake projects and rugpull schemes. ICOs complements that IEO now wherein it is more safe to investors and it is more trusted way of conducting funds for start up projects.
IEO is safer than ICO because exchange has to research it before accepts the project. This does not guarantee that the IEO will be successful, it does not even guarantee that it is 100% legal, but it greatly reduces the risk. STO should be registered as a company in a place where there are legal regulations, so it also significantly reduces the risk. However, scammers can register a fake comapny and it is very difficult to check.
A really good points for new comers in crypto that will guide them on how to invest in a good and fine way without losing huge money on fake projects and rugpull schemes. ICOs complements that IEO now wherein it is more safe to investors and it is more trusted way of conducting funds for start up projects.
Yes, those points are so useful for the newcomers who are waiting to invest in cryptocurrency or thinking to invest in ICO. The rate of successful ICO's are getting very low day by day and nowadays the rate is horrible. I am not a big investor but tried to invest sometimes but not in ICO. So OP says and pointing out the real scenarios behind it.
I think you dont need to quit because there are still ico that become succesful and profitable to thier investors, most of the ICO really become failed but there are also some ico that succesful. I think the very best that we can do is to sellect a good ico with the good product, but if you want a safe investment just invest in token that already listed on exchange and hold.
Ico is good to invest in if you can actually make money if those projects will be listed in those big exchange and not on etherdelta and hitbtc were most thing that happened is dump and sell out of panic.
I don't think Ico itself is bad but what is bad is our attitude towards how this market work , no one want to invest in a project because he believes in the future of those project but just to sell for profits.
That's right. The scariest problem is panic.I don't think Ico itself is bad but what is bad is our attitude towards how this market work , no one want to invest in a project because he believes in the future of those project but just to sell for profits.
When one invests without thinking about the future of the project the thing we are sure to get is low market value.
Actually we are investing for the long term not for the near future by expecting a lot of profit.
In fact I had bad experiences with ICO's, I bought many of it at a high price in the initial selling stage and when it was listed on the exchange after a long time it was low price and i lost a lot of money, in addition to that many of it is scam. They make big advertisements and most of the ICO's are false and I didn't make any profits from it and so I left it permanently long ago.
Those happened because the project you invested was trash.
Good projects see a price increase or a price stability on their Initial price at least.
If the project is good and there is a development on going on the background the price is going to increase for sure.
interesting some major coins were also ICO just let you know
Thanks for sharing your experience. I have the same opinion about ICOs. There are so many ICOs today, despite the fact that all initial offerings are high-risky investment tools, 90% of them are scams. So it's more likely that investing in ICOs is a way of loosing your funds. Just pure statistics.
Meanwhile IEO are not that scammy at the moment, but still provide good profit for investors.I guess ICO could be safe and profitable but only when scammers will "forget" about its existence
Those happened because the project you invested was trash.
Good projects see a price increase or a price stability on their Initial price at least.
If the project is good and there is a development on going on the background the price is going to increase for sure.
Can you give me an example of a good project for two years now?
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