Why I am quitting ICO's - page 2. | Bitcointalksearch.org

Naida_BR

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Quote from: yhiaali3 on June 21, 2020, 12:53:15 PM

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.

cheezcarls

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ICOs are red hot in 2017, which Bitcoin skyrocketed to it’s all-time highs. It was also a great year for airdrops and bounty campaigns. But for now, I honestly believe that ICOs are a thing of the past in a few years from now. In other words, they would phase out anytime soon.

As of today, IEOs and DeFi projects are taking over. To be honest, I lost more money in investing ICOs than trading, but I totally understand the risks and managing myself with it.

yhiaali3

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Quote from: Bezobraznike on July 30, 2020, 12:40:04 AM

I learned to not invest in sales, it's better
to wait listing and to buy when price drops, if I really wish to invest in that project.

This is absolutely true, this is what I learned from my personal experience and I always remember it so that people pay attention not to fall into the trap of fraudulent projects.
So I would advise anyone if they want to buy ICO they should not do that before they are listed on the Exchanges and their price stabilizes.

Bezobraznike

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Quote from: yhiaali3 on June 21, 2020, 12:53:15 PM

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.

Yhiaali3 what you said is truth, most of the ICO's had high presale price, and at the moment when they hit exchange the price
drops in a couple of hours. I experienced 500% drops from morning until the evening. I learned to not invest in sales, it's better
to wait listing and to buy when price drops, if I really wish to invest in that project.

nasipadang

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

....

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'

I'm absolutely happy, there are so many people who look at prices without thinking whether this revolution is being talked about. Whereas users used to talk about the future of blockchain technology and specifically bitcoin which became a decentralized transaction solution. In the past, ICOs offered a business based on blockchain technology in hopes of boosting the image of blockchain technology. And see now where users see prices and are more interested in great teams, without great products, treating crypto as an asset that expects profit and doesn't really care about usability.

Morenod

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:)indee ICO is now too risky if there would be any chance to control it maybe this sphere would be better

thesmallgod

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I checked most of the reason you stated for stopping investing in ICO is still valid till date and things are getting even worse. Despite the fact that many ICO scam was the reason why many investors were quitting investing into ICO, the advent of alternative which is the IEO has shown no improvement. Generally most projects find it difficult to even reach soft cap. If anyone Want to invest in any project now, I will advice to do so after the project token is listed and you see the seriousness in the development

yhiaali3

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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.

josgandosbro

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Quote from: monineklutak on June 21, 2020, 10:14:54 AM

in 2018, ICO will be excellent, because the profit you can get from ICO can be 100% more,
but for now investors leave and choose IEO

In my opinion, 2018 is not all ICOs because that year, scammers have appeared so many, and indeed people now prefer IEO investments, but I observe that IEO is now almost the same as ICO, I mean here is the price, most of IEO is just throwing away after listing

monineklutak

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in 2018, ICO will be excellent, because the profit you can get from ICO can be 100% more,
but for now investors leave and choose IEO

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Quote from: abuya55 on June 21, 2020, 01:16:47 AM

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.

Most of these fake ICO are held outside of this forum, because scammers know that their project will be carefully reviewed if they post their announcement on the forum. Therefore, it is very important to warn all bounty hunters and investors about such fraudulent ICO in a timely manner.

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Quote from: bitbunnny on June 21, 2020, 05:14:20 AM

I think that more and more people abandon ICO investments. They are very risky, lot of scams and only few appear now and then that are worth attention but that is hard to recgonize.
After the ICOs boom that we had now we enter the time when ICOs will really having troubles to find new investors. If you can't hope for decent profit but only for losses then it's better to stay out of it.

If people are overly suspicious of ICOs there might also be good opportunities for investments in real value creating solutions. But after an initial euforic phase in ICOs like we have seen the market will take a while to adapt and function correctly (meaning that only profitable solutions will survive and prosper in the long term)

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I think that more and more people abandon ICO investments. They are very risky, lot of scams and only few appear now and then that are worth attention but that is hard to recgonize.
After the ICOs boom that we had now we enter the time when ICOs will really having troubles to find new investors. If you can't hope for decent profit but only for losses then it's better to stay out of it.

abuya55

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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.

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Quote from: Naughty Princess on June 18, 2020, 04:17:00 AM

Quote from: omonuyak on February 14, 2018, 08:52:32 AM

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.

Some of ICOs good at the beginning but keeps losing its value later on when it is early listed on the exchange. Some are not looking on the product of the project to invest with, but with the price when they are going to gain profit which become immediate that cause a panic selling on the market and exceed the circulating value.

Many projects I have witnessed is that initially they have little value on the exchange but soon those values get dumped very quickly. Now that may be the case that those owners start selling their coin at the good rate and make money from it and other investors in such scenario suffers. Thus, few people also would have decided to quit the ICO.

Since most ICO projects have a lot of issues that ICO projects that they all turned out to be a scam and fraud, a lot of investors and bounty hunters have stopped participating because they have been afraid to get scammed. That is why most ICO projects have less value in the exchange, and sooner their value will dump so severely.

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I would say ICOs are the corrupt way of scamming investors wherein most of the type they turned out scam and running people's money. ICO's now lost its credibility towards investors due to large scam reports for past years now and that kind of collecting money became developers more greedy to money. Good thing now IEOs are now available for investors to regain trust on investing crypto and it gave a positive feedback towards it and the trust is back again for investors.

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Quote from: coinfinger on June 19, 2020, 02:33:27 PM

Promoting technology with no added value is the most important part of the ICO world that caused its demise. I mean sure you created a blockchain that was capable of something new, but did we really needed that new thing? I do not think so, I would rather use bitcoin blockchain which is about 10 years old with some improvements but fairly old compared to newer ones just because it is the backbone we needed and nothing silly was added on top of it.

There were just few coins that really had exceptional blockchain and they actually got a good amount of popularity and increased in price. Few cases there was scams and other stuff involving the coin which caused it to drop as well, but there is really nothing you can do about it. And there were straight out scammed by the ICO people but that is just life of crypto.

The biggest problem for me is that creating a newbcoin/block chain became too easy. Since no matter who could create a coin without any effort or investment the door was wide open for scammers and/or people only going in for the rapid gains. I mean, just go to linkedin and see the amount of people putting "block chain" in their title just to seem smarter/tech savvy...

coinfinger

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Promoting technology with no added value is the most important part of the ICO world that caused its demise. I mean sure you created a blockchain that was capable of something new, but did we really needed that new thing? I do not think so, I would rather use bitcoin blockchain which is about 10 years old with some improvements but fairly old compared to newer ones just because it is the backbone we needed and nothing silly was added on top of it.

There were just few coins that really had exceptional blockchain and they actually got a good amount of popularity and increased in price. Few cases there was scams and other stuff involving the coin which caused it to drop as well, but there is really nothing you can do about it. And there were straight out scammed by the ICO people but that is just life of crypto.

MudDev

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I agree, even a Premine is better than an ICO IMO, it's a slower bleed and allows for the community to exit and buy cheaper.

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Quote from: PavelMed on June 18, 2020, 11:48:15 AM

I participated in one project three years ago. So when they went public, there was incredible growth, but I decided to wait, as they predicted a higher price. And now for the third year this is such a small amount ... less than I bought ...

I also bought Merculet ICO, this project was very well promoted in 2018 and I participated in it. But until now, I don't see any news from them. The group seems to be dead and no one is active there, so never try to hold an ICO for a long time. Sell as soon as listed at the exchange or make a profit

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