Topic: Why I am quitting ICO's - page 21. (Read 6126 times)
You are the one who has the money, of course all decisions depend on you, but for me ICO is a good and profitable thing so I will continue to join and invest ICO, of course the most important thing is selectively choose ICO.
To be honest, it's hard to make a big profit from the ICO. Requires careful selection of good ICO, potential and most importantly good luck again
Of course, luck one major factor we need to consider but some times it depend on choosing any ICO because if we fail to choose the right ICO, we cannot make much profits. So it depends on choosing the right coin.
To be honest, it's hard to make a big profit from the ICO. Requires careful selection of good ICO, potential and most importantly good luck again
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.
What does it mean to buy pre-ICO? Isn't ICO the first release or salfe of the tokens? Newbie here, and hoping for your kind understanding.
Pre-ICO is before the actually sale when you can get more tokens for cheaper.
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.
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
, 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'
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
, 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 am new here in this site and I am learning a lot about bitcoin, altcoins and cryptocurrency as a whole. I wonder what will become of it in the next few months if people would start quitting ICO's or even quitting Crypto currencies at all.
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.
What does it mean to buy pre-ICO? Isn't ICO the first release or salfe of the tokens? Newbie here, and hoping for your kind understanding.
This is why people are so in haste to get their ROI. ICO's are repeated. They are all the same by now. It will be like ETH or BTC or LTC. They all just make it like that. It will be better if it is a decentralized trading website or a token for a good service like shopping. But they dont go that way cause it is risky and they want the money. Who doesn't?
They are banned in social media because of that also. Investors are being confused and they dont know they are stepping at a fake one.
They are banned in social media because of that also. Investors are being confused and they dont know they are stepping at a fake one.
Firstly being picky and statistical with your approach is a very good way when dealing with ico has its still about 7months into the year and it is also still a great year for ico
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.
Although the ICO has a lot of fraudulent projects, but I will not ignore. This is a high risk investment but it is profitable and I accept it. Currently there are many good projects to invest, so why ignore it.
Agree! The higher the risk, the higher the profit.If you want to earn higher, take greater risks!
ICOs are one great way to be financially free from debts. I get why people are afraid to continue or try to invest in ICOs but I believe I have the responsibility to share to you guys the help of bicoin.
Point number 1 2 and 3 are the main factors why ICO nowadays is likely to fall after released to the exchange. Too ambitious with the hardcap, when the hardcap is nowhere to be reach, the ico tends to collapse.
Presales often just accomodating few big investor, leaving the others with small capital nothing.
Company that want to start new ICO now need to fix it, to gain back more trust from the investor and positive responses from the market
To be very honest, I never suggested investing in bitcoin from the beginning because they never proved to be beneficial or they are not capable of meeting expectations of investors. If someone earns a profit of 100 dollars after six months or so, I don’t think it can be even called as profit. Besides, crypto world is full of really cool coins that have made people millionaire already. Presales often just accomodating few big investor, leaving the others with small capital nothing.
Company that want to start new ICO now need to fix it, to gain back more trust from the investor and positive responses from the market
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.
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, 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'
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
, 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'
You should not quit ico, maybe there are bad ico's in the past but they are still profitable today because of different investors in the market who are willing to hold their coins for long term investment.
Last year way back July, I decided to quit ICO’s but I got know that all my thought about crypto and its services. Moreover, there has been challenges the crypto world is facing and these problems need to be dealth with ASA.I would like to share a few challenges the crypto market is facing.
To start with, there is this issue of studying the market to know which tokens are falling and rising so as to make an informed decision on what to do. There are numerous Factors triggering that and I would like to exaggerate on the fall and rise of the coins.
To start with, there is this issue of studying the market to know which tokens are falling and rising so as to make an informed decision on what to do. There are numerous Factors triggering that and I would like to exaggerate on the fall and rise of the coins.
Even though there are so many ICO projects that can be characterized as bad, unsuccessful ones or they lack the idea and promising development team that will not bring ICO to the end of its existance just yet. It is way too popular to distinguish completely now.
Most of the projects being launched are adding nothing new and it's basically the same project being relaunched again and again with new name alone. ICOs are without doubt a bane of Bitcoins. 
I understand you, bro. I also decided not to deal with the ICOs now, as once I lost a lot of money that I invested in the project that turned to be the simple scam.
I totally agree with you. It makes no sense to participate in ICO !!!
It is much easier to buy a token when entering the exchange-when its price in most cases falls below the price of ICO.
And you can already analyze the project more carefully and in more detail.
It is much easier to buy a token when entering the exchange-when its price in most cases falls below the price of ICO.
And you can already analyze the project more carefully and in more detail.
Sorry to hear your lost. I do agreed most of new ICOs are garbage and deserve no investment and attention whatsoever.
quitting icos is nt a good idea we should think how to overcome scams and make profit it is possible with the rating websites we have websites like icorating.com
I think its stupid to quit ICO. Its the fact that you can pick up coins on the exchanges but the feeling of investing and supporting a good project does not come. I know there is a gold rush and its gets pretty crazy when a good ICO is around the corner and most of the ICO are pure scam and full of shit but it all boils down to supporting a good project to fruition.Its hard find a good ICOs nowadays because all get funded in early stages only.
Sometimes it is better to buy a coin on exchanges than buy a coin during its ICO. This thing is very usual but you will find out that the ICO you bought are continuously dropping. So better to buy or rebought this ICO coins on its dip.
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