Why I am quitting ICO's - page 19. | Bitcointalksearch.org

lelylely

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Quote from: DikkieD on February 14, 2018, 06:29:26 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'

Ico does have a high risk and you should be aware at first, but not all ico scam, and there are still ico decent enough to follow. And to get a good ico then do some research first before investing in ico.

nikola22

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Activity: 1316

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cryptocurrency market is not feeling good so noone can hope for high profits. you can just wait the next peroid of growth and hope your tokens will hit x10 or even more.

nominee

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Activity: 281

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Quote from: inooll00 on May 28, 2018, 01:13:57 PM

And I am in line with you bung, I doubt the average of ICO. most of them after succeeding in the ICO phase as if they lost their original principles and goals early in the introduction of the product (token or coin). Their tokens are just hanging around the market just like the others that work only for trading. I prefer to invest in BTC or other altcoins that they obviously have real value.

I won't quit ICOs personally, I like some of them and I will buy their tokens. This is not only because of my speculative purposes, this is also because of my personal decission. I like the concept in general and I trust legit ones.

inooll00

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Activity: 165

Merit: 12

And I am in line with you bung, I doubt the average of ICO. most of them after succeeding in the ICO phase as if they lost their original principles and goals early in the introduction of the product (token or coin). Their tokens are just hanging around the market just like the others that work only for trading. I prefer to invest in BTC or other altcoins that they obviously have real value.

andrino

newbie

Activity: 193

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Quote from: DikkieD on February 14, 2018, 06:29:26 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'

thanks for the great insights that you shared. Very interesting. It is very important to remember that we deal into the risky world. There should have a product in it to have value because some ico does not have product.

tambok

sr. member

Activity: 812

Merit: 260

It is really hard for that to invest in ICO, but still a lot of ways to find out, if other people are making rich because of it then why we can't do it? for sure that time will come where in it would be easy for us to find out the good ICO to those who are not, so be just be patient and picky with what you are doing.

Harrow30

jr. member

Activity: 266

Merit: 1

DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO

True and real! Like most persons investing in ICOs are really not in about the project but about making their own x2 or xwhatever Profit and in a short-run, crashing the price lower than the initial ICO price. I for now just do the bounties and when I am with some loosed cash, I can invest in few ICOs for the long run.

budz0425

full member

Activity: 504

Merit: 101

Quote from: Bikker on May 28, 2018, 12:07:27 PM

Try to invest in those ICOs which have a major community which have a lot of people discussing the project on each of their social media and on their thread. So the exchanges when will get the application will see that it has a bigger community or lesser.

There are lots of ICO's who were legit and a lot who were not too, so we just need to figure out the right one and which is not, if we are in doubt and don't know what we are doing we can ask with our friend or to the seniors here if a certain ICO is legit or not. Don't just quit, ICO's are good investment just make sure with the ICO that your are investing at.

Bikker

newbie

Activity: 111

Merit: 0

Try to invest in those ICOs which have a major community which have a lot of people discussing the project on each of their social media and on their thread. So the exchanges when will get the application will see that it has a bigger community or lesser.

trickyriky

sr. member

Activity: 882

Merit: 251

Quote from: Bitcoin_Delivery on May 24, 2018, 08:19:50 AM

there are many reasons why people stop from ico. they feel less interested in ico because they have a lot of loss and also have many cases of fraud against an ico. trust becomes down

I also stopped to deal with the ICOs. As for me, trading is something that gives me more profits. it is also not so risky, especially when you know the trading tips.

Bitcoin_Delivery

hero member

Activity: 952

Merit: 500

there are many reasons why people stop from ico. they feel less interested in ico because they have a lot of loss and also have many cases of fraud against an ico. trust becomes down

handyhuman

member

Activity: 238

Merit: 10

Quote from: DikkieD on February 14, 2018, 06:29:26 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'

My friend if you level up now you consider yourself as a losser.So don't give up and be positive always because soon you will be successful with god's grace.

Chooroz

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Activity: 392

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Quote from: various on May 23, 2018, 04:05:17 PM

ICO's are not participated unless people see ICO's only as means of making money. There is no chance everyone will make money at the same time.

For me quitting investing in ico is okay if you are loosing a big amount of money because finding a great ico is really hard to do because now there are so many ico, and not all of those ico is becoming successful so to quit in ico is okay, but you should not quit supporting cryptocurrency.

max fray

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JOIN THE NEXT MEGATREND IN CRYPTO!

Quote from: DikkieD on February 14, 2018, 06:29:26 AM

I decided to quit ICO's.

too many ICO's without distinctive differences.

I think that's the main reason why most ICOs nowadays resemble scam.. There are so many alike projects dealing with the same problem that their value diminishes proportionally to their number.
The most popular theme now is increasing the scalability of blockchain, but when there are like ten project involved in that, it is hard to choose the best and most prospective one.

Quote from: DikkieD on February 14, 2018, 06:29:26 AM

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'

Yeah, I also get annoyed when all those people start flooding mix up important information.
The activeness of admins of Telegram groups is another indicator of the project's "seriousness", you are right.

Latviand

full member

Activity: 1540

Merit: 219

Whether you quit it or not, that'd be your decision but to clear some things out, investing to ICOs is like gambling because there's no assurance of earning profit no matter how good a platform is (of the ICO project). The reason behind this is the market volatility. So it goes as some will be profitable and some are not. But overall, ICOs are really profitable.

various

sr. member

Activity: 854

Merit: 267

ICO's are not participated unless people see ICO's only as means of making money. There is no chance everyone will make money at the same time.

ScroodjMoney

member

Activity: 210

Merit: 10

Since I have no money to invest in any ICOs, nor have money to buy several altcoins, then might as well join campaigns that will give me altcoins without the hassles of thinking about the current trends in the market.

JulianCrump

newbie

Activity: 29

Merit: 0

it's kind of a gamble, Sometimes you loose and sometimes you win, this investment is risky. now There are many ICO's and most dependent when they complete the sale. Sometimes people just buy and sell without researching what will happen next, not taking into account the bad things will happen.

act now

member

Activity: 166

Merit: 15

I agree with each word! ICO as an investment direction is ineffective at the moment -with very rare exceptions. In my opinion, it is much more interesting to invest in the top 10 crypto-currencies.

biboy

full member

Activity: 406

Merit: 110

Quote from: ChConcept on May 23, 2018, 11:51:48 AM

I respect and understand your points as to why you are quitting ICO, all these are valid points but personally I am looking at it the other way around, I am interested in investing on ICOs nowadays. I am still in the researching phase, knowing more about it, but I know that I can also gain good returns from investing on them. I am willing to face the risks so hopefully, all will be good for me.

We should just understand each other here and I know it is not easy for us to do and invest in ICO especially when we are continually victim of a scam, that is why it is so important to know the ICO well before putting our hard earned money on it.

Topic: Why I am quitting ICO's - page 19. (Read 6126 times)