Topic: Why I am quitting ICO's - page 16. (Read 6154 times)
yes, very good thinking. but I didn't stop at ico because I worked with ico coin hunting by following several projects. I currently still hold the ico coin that I got from hunting for prizes, because I have speculation that the ico I hold will still rise. it's very risky to hold a coin ico, so in my opinion it's better to convert into a coin that has better potential. at the moment I am still waiting for the ico price increase that I hold, and hopefully the price will rise again.
Agreed with OP on some points, regarding the tokens which are sold in pre-sale, there are now many ICO who also lock the token for the investors to some extent of the period for those participated in private/pre-sale. And its fine & smart decision not to invest in an ICO, but buy the tokens after the crowd sale is over from ether or fork delta decentralized exchange from there you can buy the tokens at a very cheap price, it can be the equivalence to a price during pre-sale.
Too many people have lost money by ICOs, many ICOs appear in 2017, but 97% of them are ICOs that are failing or causing losses. Without any form of investment, it is safe and secure, and successful until you try to spend your time on the job by analysing and evaluating it.
Investing in ICO in 2018 is really-really risky deal. I keep this position and invest in pretty much solid coin, and never regretted it.
I agree. The ICO craze is reaching its maximum. Everyone saw ICOs 40x'ing and what not last season. So naturally, everyone, both big and small investors, are trying to get in on the craze for the simple reason of dumping when the token or coin reaches a multiple in price.
And most ICOs are scams. You can argue this to death, but out of 100 ICOs, most are there for the hype and quick mass funding.
It's a bullet train to hell. Everyone who hasn't gotten off will end up splattered.
There's an exception to those few solid ICOs with great promise. But even those are pumped and dumped all the same.
I participant in good ico projects 2018 and their not many. I found a good bounty Manager and participated in his projects, for examples: Amazix And most ICOs are scams. You can argue this to death, but out of 100 ICOs, most are there for the hype and quick mass funding.
It's a bullet train to hell. Everyone who hasn't gotten off will end up splattered.
There's an exception to those few solid ICOs with great promise. But even those are pumped and dumped all the same.
Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem.
This was what stuck out to me^^^.I've heard it said that even bitcoin is a solution to a problem that doesn't exist, and if you view it as a currency only I'd be willing to believe that. And ICOs? I am by no means an expert on crypto, but judging from some of the ICOs I've seen, it looks like they're trying to crowbar a blockchain "solution" onto things that aren't even problematic in the first place. I suspect in most cases it's not even the developers' intention to even do something unique and necessary--they're just looking for a profit, much like the developers of the myriad altcoins don't really think another shitcoin is necessary. They just want to plant their own flag and cash in on the craze.
Never having invested in any of these ICOs, I don't have the rose-tinted glasses that a lot of investors have toward them. They just seem silly to me at best, scams at worst. It's no wonder why Wall Street hasn't bought into any of them (that I know of). I'm old enough to remember the internet stock craze, and it really feels like that kind of vibe, except it's even worse because there's not even a real business behind the average ICO project, just some cryptocurrency that's almost guaranteed to approach zero within months.
Still, there are some ICOs that can bring the investors the profits that they will never get when trading or investing in the cryptocurrencies. You need just to see if there are hype around this ICO!
It is understandable thing because I suppose right now ICOs are experiencing not the best period in their life, but I am a believer that everything would get more stable and successful very soon
Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem.
This was what stuck out to me^^^.I've heard it said that even bitcoin is a solution to a problem that doesn't exist, and if you view it as a currency only I'd be willing to believe that. And ICOs? I am by no means an expert on crypto, but judging from some of the ICOs I've seen, it looks like they're trying to crowbar a blockchain "solution" onto things that aren't even problematic in the first place. I suspect in most cases it's not even the developers' intention to even do something unique and necessary--they're just looking for a profit, much like the developers of the myriad altcoins don't really think another shitcoin is necessary. They just want to plant their own flag and cash in on the craze.
Never having invested in any of these ICOs, I don't have the rose-tinted glasses that a lot of investors have toward them. They just seem silly to me at best, scams at worst. It's no wonder why Wall Street hasn't bought into any of them (that I know of). I'm old enough to remember the internet stock craze, and it really feels like that kind of vibe, except it's even worse because there's not even a real business behind the average ICO project, just some cryptocurrency that's almost guaranteed to approach zero within months.
I have been wondering the same thing. Seems everyone just wanna do an ico for even the lamest of ideas. The amount of altcoins are so much and attention is diluted
Well, I am now more supportive to ICOs... I really like the idea of "someone's trash could be somebody else's treasure." And that occurs everytime I sell ICO tokens after my target gains were reached. Somebody buys it eh, then that probably means they have a better strategy than me hodling that ICO token.
Interesting point of view.
I'm on exactly opposite end - I'm going deeper with ICO's this year.
Your points are pretty valid, but this mean you just need to be more peaky where you are investing. And I'm always and only buying during the pre-ico phase, avoiding those ICO's with massive pre-sale.
I'm on exactly opposite end - I'm going deeper with ICO's this year.
Your points are pretty valid, but this mean you just need to be more peaky where you are investing. And I'm always and only buying during the pre-ico phase, avoiding those ICO's with massive pre-sale.
So far i really like participating in ICO's yes there are failed ICO's that can be a disappointment to us but there are still legit one's that can give us better profits. Let us not get discourage so that we still have the opportunity to succeed. The more careful we are in our investments the more chances we can obtain.
This ""ICO"" phenomenon is overhyped. This creates a lot of speculations that drive people crazy. People just buy and sell without researching and leads to their downfall. I hope you'll find another area in which you can succeed.
Yes, there are a lot of new ICOs every day, and that will make us panic and lazy to learn about the projects. But anyway in 2018, I still see that ICO projects will be able to continue to make a lot of moneyThe point is just that from month to month, it is getting harder to find those successful ICO that you are speaking about, because while there is tons of scam Project it gets really hard to find something good.
When people talk about their motives for investing in ICOs they always talk about profit. Would anyone of you say there's more to it?
I am asking because I am a researcher in entrepreneurial finance and a lot of researchers are interested in investigating ICOs. The point of view here is the venture (not the investor), so whether ICOs are a useful tool to acquire capital.
If investors are only after the price, this would suggest that good ventures will not necessarily get more funding than bad ventures. Rather, the ICO that generates most hype will get most money, irrespective of its actual quality. This, in turn, would suggest that ICOs are actually not a good way of funding ventures.
I am asking because I am a researcher in entrepreneurial finance and a lot of researchers are interested in investigating ICOs. The point of view here is the venture (not the investor), so whether ICOs are a useful tool to acquire capital.
If investors are only after the price, this would suggest that good ventures will not necessarily get more funding than bad ventures. Rather, the ICO that generates most hype will get most money, irrespective of its actual quality. This, in turn, would suggest that ICOs are actually not a good way of funding ventures.
I decided to quit ICO's.
- 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.
Those are great reasons, except that if it's an Eth token, then it's automatically on Etherdelta.
But I won't touch any ICOs and I'm going to focus more on things like bounties.
I spread out over several highly sought after ICO's (Wepower, Envion etc). All are now below ico price!
So far I don't think I chose obvious scam ICO's, but I did have higher hopes.
Not only are there many scams out there, the whales seem to buy up the icos and dump at the first chance therefore crashing the price along the way. I think something needs to be done, but i am unsure what..........
So far I don't think I chose obvious scam ICO's, but I did have higher hopes.
Not only are there many scams out there, the whales seem to buy up the icos and dump at the first chance therefore crashing the price along the way. I think something needs to be done, but i am unsure what..........
From a strictly economical standpoint i understand. I however invest in ICOs not just to make money, but to help the project succeeding by providing capital. Sure you could wait until after the ico for the whales to crash the price, but if everyone would do that, icos would cease to exist
I think It's a pity that you had such a sad experience. I participated in several successful ICO's. Of course now there is a lot of scam. But there are also very strong projects. You need to be able to see the potential.
All that you have described is the place to be, but maybe it's just different. The crypto-currency market is actively developing because of what you need to more carefully analyze the ICO in which you want to invest. Previously, you could invest in any project and get a huge profit immediately. Now you need to carefully approach the selection.
This "ICO" phenomenon is overhyped. This creates a lot of speculations that drive people crazy. People just buy and sell without researching and leads to their downfall. I hope you'll find another area in which you can succeed.
Yes, there are a lot of new ICOs every day, and that will make us panic and lazy to learn about the projects. But anyway in 2018, I still see that ICO projects will be able to continue to make a lot of moneyYes you are right, you can still earn a huge amount of profit from investing on ico's or just by working on their bounty campaigns, you will not get any problem unless you check the platform of an ico you are interested if they are really good for long term investment or not.
Jump to: