Why I am quitting ICO's - page 11. | Bitcointalksearch.org

wahyu wida

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Quote from: CASTIEL05 on October 03, 2018, 08:36:52 PM

Quote from: DikkieD on February 14, 2018, 05:29:26 AM

I decided to quit ICO's. From December till now I invested about 5 eth into several ICO's. Invest what you can miss, this is what was able to miss.

Right now the first few of my ICO's have reached the exchanges. Most are under performing, but this is related to the overall dip (can be read everywhere). I understand, but ICO token economics have changed also.

massive hardcaps
most is sold in pre-sale to big investors, leaving scraps for crowdsale
much attention to marketing, less to working product or realistic time lines
immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future
no lock on pre-sale tokens, whales take their x2, x3 or x-whatever as soon as possible (I would probably have done the same). Prices drop to below ICO price.
too many ICO's without distinctive differences.
too many ICO's in general
too much tokens reserved for team/marketing
many ICO's don't even have a crowdsale anymore (which perhaps is a good thing as the little investors are protected this way)
ICO prizes are quite high. 1eth = 1000/4000 tokens is pretty common, but with a hc of 40 million, this will not easily go x10 or more.

I was 'unlucky' to miss out on a few ICO's besides the ones I was able to participate in. Afterwards I am glad, since I was able to pick most up at a fraction of the ICO price.

Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem. Some may seem like a fantastic solution, but often it is marketing combined with a strong team, and not so much a great working product.

And who am I? I am definitely a nobody Tongue

, but still wanted to share my experiences and perhaps save people from thinking of getting on board of the next x100 ICO

p.s. when a Telegram has over 20k subscribers all screaming 'when lambo' with endless rows of animated gifs, you may also wonder if this is a serious block chain solution which will revolutionize 'x'

A lot of investors quit already in ICO this year. Many of us are leaving because we don't have assurance that we will gain due to the fact that ICOs are scam nowadays. I believe that trading have cents than participating in an ICO. Well, it is your choice to quit but for me, ICO is more profitable specially if we grab the best ICO.

to analyze quality of ico, many still have difficulties, indeed it requires special skills in analyzing. therefore the number is waiting for the listing in the exchange. maybe this is what makes many of results of ico not as expected

CASTIEL05

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Quote from: DikkieD on February 14, 2018, 05:29:26 AM

I decided to quit ICO's. From December till now I invested about 5 eth into several ICO's. Invest what you can miss, this is what was able to miss.

Right now the first few of my ICO's have reached the exchanges. Most are under performing, but this is related to the overall dip (can be read everywhere). I understand, but ICO token economics have changed also.

massive hardcaps
most is sold in pre-sale to big investors, leaving scraps for crowdsale
much attention to marketing, less to working product or realistic time lines
immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future
no lock on pre-sale tokens, whales take their x2, x3 or x-whatever as soon as possible (I would probably have done the same). Prices drop to below ICO price.
too many ICO's without distinctive differences.
too many ICO's in general
too much tokens reserved for team/marketing
many ICO's don't even have a crowdsale anymore (which perhaps is a good thing as the little investors are protected this way)
ICO prizes are quite high. 1eth = 1000/4000 tokens is pretty common, but with a hc of 40 million, this will not easily go x10 or more.

I was 'unlucky' to miss out on a few ICO's besides the ones I was able to participate in. Afterwards I am glad, since I was able to pick most up at a fraction of the ICO price.

Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem. Some may seem like a fantastic solution, but often it is marketing combined with a strong team, and not so much a great working product.

And who am I? I am definitely a nobody Tongue

, but still wanted to share my experiences and perhaps save people from thinking of getting on board of the next x100 ICO

p.s. when a Telegram has over 20k subscribers all screaming 'when lambo' with endless rows of animated gifs, you may also wonder if this is a serious block chain solution which will revolutionize 'x'

A lot of investors quit already in ICO this year. Many of us are leaving because we don't have assurance that we will gain due to the fact that ICOs are scam nowadays. I believe that trading have cents than participating in an ICO. Well, it is your choice to quit but for me, ICO is more profitable specially if we grab the best ICO.

iarsenaux15

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I think ICOs are still profitable. It just depends on the ICO where you are going to invest. Nowadays, community population no longer adds weight on valuing an ICO. Check the team's background and any potential backers. Try those ICOs that are backed by big companies like IBM, Brian Kelly Capital, BlockTower Capital, etc. If you see these names, very high chance that the ICO will become a success.

buje micin

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Quote from: DikkieD on February 14, 2018, 05:29:26 AM

Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem. Some may seem like a fantastic solution, but often it is marketing combined with a strong team, and not so much a great working product.

you are right, some ico have a very strong team maybe because they pay people with not small money, and this is not a great working product, after they won hardcap and listed in exchange, many investors were disappointed because the project never developed and has a value that is very far from ico prices

boyz97

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Quote from: adefirman98 on October 03, 2018, 01:45:29 PM

I prefer to invest in bitcoin because bitcoin has been proven every year it goes up while our new coin doesn't know in the future how and the most feared is that the ico is a scam so it must be really careful in choosing a new coin ico.

bitcoin maybe be best investment portofolio at this moment.although its has high volatile , but its price could recovered soon.soo this is why many people interested on it.

richminded

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Quote from: kidoseagle0312 on October 03, 2018, 07:37:08 AM

Most of the ico now are ending up into scam, then other ico's ending up at early time then the token distribution it took a long period of time, from 2 months up to 6 months before sending it to your wallet. Then most ico now run long period of time, only few of them run for 6 weeks or 8 weeks, then some extending it due to the collective funds was not enough. But it doesn't I will quit, I know the bad side of the ico just what am I gonna is I will continue what I had started it here.

ICO is a good investment before, but since a most of the ICO now are failed raising funds, and turns into a scam project investors are afraid to come in again. Maybe this year is really not a good year for them, hopefully we regain the trust in ICO from the investors so we can enjoy all the benefit in investing with ICO just like before. Don't just quit and lose hope in this market, just have some rest and be back when the market is good again.

satriagedhe

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Quote

p.s. when a Telegram has over 20k subscribers all screaming 'when lambo' with endless rows of animated gifs, you may also wonder if this is a serious block chain solution which will revolutionize

just agree with this , they all just waiting without do something , and asking for "lambo " everytime , IMO , with huge of member like that i think they can easily to go to the market and make they" lambo " real

peter_coin

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Initial coin offerings as we all know is a way for teams to raise capital to fund their project while harnessing the Ethereum block chain via smart contracts. ICO's are the main reason why the Ethereum block chain has recorded massive success in recent times and they are not going anywhere in the nearest possible future. Teams would always come up with new innovative ideas and people would always invest in novel ideas. The only thing people should pay much more attention on is to research the project and make sure it's legit before investing. Infact a project with a working platform is a must invest.

adefirman98

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I prefer to invest in bitcoin because bitcoin has been proven every year it goes up while our new coin doesn't know in the future how and the most feared is that the ico is a scam so it must be really careful in choosing a new coin ico.

Parodium

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DMs have been disabled. I am busy.

Everybody is in here bashing ICOs, maybe they should look at the statistics. By Q2 this year ICOs had already eclipsed the funding seen throughout 2017. There is actually MORE money being invested in ICOs overall this year, of course the amount per ICO is lower due to the sheer number of ICOs, but we can hardly say that ICOs are dead, as that's obviously not true.

Osayo

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It seems the OP has had enough of the whole ICO thing. I wouldn't be surprised either at your view. This is the reason all hands must be on deck bow to save the future of ICOs and cryptocurrency. We need to bring back investors confidence on ICOs.

Stervyatnik

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Of course, your business, but sometimes ICO offer quite adequate solutions to problems in their projects!

kramat

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Quote from: MUG1WARA on October 03, 2018, 08:56:32 AM

indeed this end is a lot of things because of that I have lost money and sold assets that I have under the price and it is difficult to see which are potential and which are fraudulent

maybe you are out of luck so you join ico which is not good, so before joining make sure everything is very mature so that later when the exchange has opened then the price will continue to increase where there will be profits that you get

MUG1WARA

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Quote from: gamechangers on October 03, 2018, 06:50:32 AM

There are a lot of ICOs nowadays whose prices will definitely fall below the ICO price after listing on exchanges. This can be a huge discouragement for investors. Another issue that is not often stressed is scam. So many people are losing interest due to this.

indeed this end is a lot of things because of that I have lost money and sold assets that I have under the price and it is difficult to see which are potential and which are fraudulent

nak02

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Well that's a great point now in the crypto world, ICO's now are wasted and even you have many money to investment they can't guaranteed you will earn big in return. Much better do in trading you can earn easily and big return if you know how to do it. As of now Im studying trading than other projects ICO's because in ICO's they have also whales and the dumpers.

kidoseagle0312

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Most of the ico now are ending up into scam, then other ico's ending up at early time then the token distribution it took a long period of time, from 2 months up to 6 months before sending it to your wallet. Then most ico now run long period of time, only few of them run for 6 weeks or 8 weeks, then some extending it due to the collective funds was not enough. But it doesn't I will quit, I know the bad side of the ico just what am I gonna is I will continue what I had started it here.

gamechangers

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There are a lot of ICOs nowadays whose prices will definitely fall below the ICO price after listing on exchanges. This can be a huge discouragement for investors. Another issue that is not often stressed is scam. So many people are losing interest due to this.

PlusOne88

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“Tackling Climate Change Using Blockchain”

There are a lot of things we should know more about ICOs before really deciding whether it is good to join or not. Especially if the money we have invested is very important to us. It will not be good if we are just like gambling with only a little chance of probability for earning a profit from it. It is very true that some had so much fire in their heart that the ICO they are in are really going to make great but sadly as you have said all you will find are the GIFs scattered across posts and everywhere in the telegram. It was a bit so sad to see how sometimes the community manager would only tell you to just wait and wait until we lost the patience because they didn't even inform us of what is really going on. That is just a real problem that is why most investors would leave or instead brand the ICO as a scam.

Yadstiker

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Quote from: DPrillio on February 14, 2018, 09:13:21 AM

Quote from: fredo123 on February 14, 2018, 08:40:59 AM

Quote from: congresowoman on February 14, 2018, 08:07:22 AM

Quote from: DikkieD on February 14, 2018, 05:29:26 AM

I decided to quit ICO's. From December till now I invested about 5 eth into several ICO's. Invest what you can miss, this is what was able to miss.

most is sold in pre-sale to big investors, leaving scraps for crowdsale
much attention to marketing, less to working product or realistic time lines
immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future
no lock on pre-sale tokens, whales take their x2, x3 or x-whatever as soon as possible (I would probably have done the same). Prices drop to below ICO price.
too many ICO's without distinctive differences.
too many ICO's in general
too much tokens reserved for team/marketing
many ICO's don't even have a crowdsale anymore (which perhaps is a good thing as the little investors are protected this way)
ICO prizes are quite high. 1eth = 1000/4000 tokens is pretty common, but with a hc of 40 million, this will not easily go x10 or more.

Your obervation have shown that many ICO nowadays are carbon copies of previous ICO of a diffent company. There are some investors that have been discouraged because of the effects of dumpers in etherdelta which put the coin in underperformance status. Many who gets the coin are bounty hunters willing to dump the moment token get into their wallet.
Some tip to give you is that before you invest try looking for a unique ICO, an ico which dont have a resemblance to others. And do some research first. 5 ETH is big money bro.
This crypto business is a lot of trial and error but the good thingt is that we learn along the way.

ICO's attracts many scammers who can simply create a bogus whitepaper and make off with a lot of money . Some developers also purposefully omit certain important details from their whitepaper to make their projects look more appealing than they actually are. The biggest consequence of all these scams is the decreased faith of the public in blockchain technology which can potential spell absolute disaster.

Yes, scams are everywhere and much more on the online community and it is not new to me that there are ICO's that they consider it scam but i don't believe on it, just maybe there are some ICO that are not successful so the distribution of bounty is very delayed. As for me i will never quit as being a bounty hunter because there are so many times that my reward is helping me a lot in my financial struggles.

You have a good point even though there are some ICO's which is not actually successful after the end of their project it doesn't mean we should surrender and quit already as a bounty hunter. Well, if you have a positive motivation in life no matter what happens you should always think about what's good for yourself and also to the future outcomes.

gtglener

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Quote from: funnychain on September 28, 2018, 06:34:41 AM

Intereting point of view! I think this is a really good subject to abord on this page

Of course this needs to be discussed more often for people over here seek guidance to make their investment decisions and this forum helps them collect information about any subject in the spur of the moment for free which gives away bundles of ideas. About quitting ICO, I would support it for you can never be so sure about the progress of a technology and the output it will give away in future. So it is unwise to invest in such a thing. One should rather go for a well build asset.

Topic: Why I am quitting ICO's - page 11. (Read 6154 times)