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Topic: Why I am quitting ICO's - page 26. (Read 6126 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
May 11, 2018, 05:32:12 PM
should not give up ICO. We all know in the Crypto market that ICO plays a very important role. It can generate many times the profit. But now there are too many ICOs every day. If that is the right choice then I believe there are still plenty of potential and make a lot of profit
You can earn money with icos that is correct, but at the same time it is getting harder to earn any significant amount of money through them because there are so many new projects that it is almost impossible to know which one is a scam and which one is a real one, people get confused all the time and they invest in the project that it was a scam and they lose their money instead, that is why there are many people that are stopping investing in icos.
Right now marketing is doing main roll in these all ICO's because I check few scam ICO's take money just because of marketing and run away as few countries implementing laws about them is good but still need to do some more work for avoiding these scams in recent days I check few projects take good amount of money and as ICO end they never came back or give update just because of this very hard to find good projects
Even if I do not like the idea of governments implementing regulations and laws to cryptocurrencies I understand that it was almost inevitable and taking into account the amount of scams that are going on in the market of icos I will say that governments had almost most no choice but to try to stop the big amount of scams going on in that market.
And they have no idea what the money from these scams are going to be used for, Because most of them will certainly use it for vices that will bring harm to almost everyone that is terrorism financing or for a dug cartel.
It is completely impossible to know for sure but it seems really unlikely that icos are being used for something like that, the most likely option is that some scammers are seeing an easy way to try to grab money out of people, and to their surprise starting an ico is a very effective way to get money out of investors that should know better and do their due diligence.
newbie
Activity: 52
Merit: 0
May 11, 2018, 05:11:40 PM
You are quitting because it was your decision to quit LOL
jr. member
Activity: 154
Merit: 1
May 11, 2018, 02:36:03 PM
ICO is in fact unpredictable in the presence of future profits. In addition, there is a great risk that it will not take place at all and the money of depositors will be lost.


I think the real problem is that it dilutes all this money in the market cap and therefore prevents good projects from succeeding
And make sure that the hard cap is high and that there is more and more ... But some ICOS like crypterium or titanium still manage to achieve it!
member
Activity: 224
Merit: 10
May 11, 2018, 02:16:25 PM
Well, you do have some valid points as to changing your mind from ICOs. But this doesn't change the fact that real and legitimate ICOs are also springing up too amidst the scammers and the ones that won't go far.
full member
Activity: 257
Merit: 100
May 11, 2018, 02:09:57 PM
Well if you are quitting ICO for sure you are not researching more about the ICO that you are investing with because as of today there are so many ICO Project that are now scamming people, Took money from them and just leave without notice. Quitting ICO is like quitting Opportunity.
hero member
Activity: 1582
Merit: 523
May 11, 2018, 11:38:07 AM
I understand your point quitting in investing an Ico's which scams are very rampant nowadays. As a traders who invest in an Ico's needs to be selective in choosing to pur your money. It has proven a lot of scams and many lists to reach their project to be successful. Let's be initiative by participating an Ico that were not be a victim of scam.
newbie
Activity: 110
Merit: 0
May 11, 2018, 11:28:20 AM
There are types of ICO's which are SCAM, These may be the hindrances of an individual to stop ICO's because they dont bring integrity to investors and participants, That is why, When it comes of selecting ICO's, Read carefully the platforms and the Team members before joining or investing.
Cryptocurrencies are already becoming and an important part of the economic landscape, but ICOs will prove to be a short-lived fad with most ICO tokens worthless.
hero member
Activity: 1190
Merit: 534
May 11, 2018, 11:26:16 AM
I would say that this is a great decision because if you find that something is not going as per expectations then it doesn't make any sense to stick with it unless getting more knowledge about it. I haven't participated in many ICOs and I have faced the similar experience as OP. However, I believe that since things are still in the development mode, it will take much time for this system to improve. In the case of the stock market, we see the initial public offer and when a good company puts IPO, it performs well even after hitting the market. I think we should give some time for these things to improve.
full member
Activity: 350
Merit: 100
May 11, 2018, 10:50:26 AM
There are types of ICO's which are SCAM, These may be the hindrances of an individual to stop ICO's because they dont bring integrity to investors and participants, That is why, When it comes of selecting ICO's, Read carefully the platforms and the Team members before joining or investing.
member
Activity: 238
Merit: 10
May 11, 2018, 10:50:02 AM
They are several ways why i also dont participate in the initial coin offerings. One reason out of them is, the huge bounty pools. They are to many bounty hunters, who get to much tokens. And immidietaly they got listed on exchange and sometimes before ond forkdelta they dump their tokens for like 10% of the initial coin offerings price. So today as investor you are stupid when you invest in initial coin offerings with huge bounty pools. You can just wait untill they got dumped on the exchange!
full member
Activity: 502
Merit: 100
May 11, 2018, 10:47:43 AM
Winners never quit, You just need to be strategic in your approach, Most of the ICO I invested in December-January did not do well, a friend just encourage me not to give up base on his experience. Do not invest base on the  number of followers on telegram or social media.
He probably one of the newbies who was hype and its understandable if he feels like quitting. But as what you said most of the ICO are not doing well at that time range because of the dip and I think this is normal.

Well many newbies are feel to quit and some of their reason is they lose their money ,but if you really learned about the ICO and you will know how to be a strategic. For sure you'll never want to give up and you will choose to stay and earn more.
newbie
Activity: 140
Merit: 0
May 11, 2018, 10:37:08 AM
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.
newbie
Activity: 140
Merit: 0
May 11, 2018, 10:28:44 AM
yeah someone with no responsiblty like a people who showing their project scam, that are disgusting, they using the name of crypto and they just make not an ico name are falling, but the name of the cryptocurrency too
full member
Activity: 392
Merit: 100
ADABsSsSsSsSSSsS
May 11, 2018, 10:26:09 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 Smiley

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' Smiley

I think that you are not getting the right ico for you because now days there are still ico who are paying a decent amount of tokens that you may even use for your living so do not give up on working in bounty campaigns.
sr. member
Activity: 490
Merit: 250
May 11, 2018, 10:12:54 AM
Winners never quit, You just need to be strategic in your approach, Most of the ICO I invested in December-January did not do well, a friend just encourage me not to give up base on his experience. Do not invest base on the  number of followers on telegram or social media.
He probably one of the newbies who was hype and its understandable if he feels like quitting. But as what you said most of the ICO are not doing well at that time range because of the dip and I think this is normal.
newbie
Activity: 55
Merit: 0
May 11, 2018, 10:06:13 AM
The reasons you stated where quite notable and I am too starting to fear it really Sad
sr. member
Activity: 630
Merit: 251
May 11, 2018, 09:05:14 AM
I think there are many legit and profitable ICOs, of course with very good analysis, there is one thing that is easiest to follow ICOs and we profit that is choosing ICOs that have reached softcap so it can be ascertained that the project is successful.
sr. member
Activity: 1050
Merit: 254
May 11, 2018, 08:45:38 AM
  • immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future

Actually this one is not from the project owner side, Etherdelta and IDEX can list any tokens on their site because of decentralized exchanges. Most of all your points are true though about the ICO, but i still have faith on ICOs and i also invest 5 ETHs on 1 project which i think good to invest.
sr. member
Activity: 1484
Merit: 254
May 11, 2018, 08:34:11 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 Smiley

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' Smiley

In investment and business of course there are always two sides that are just as strong as profit or loss, when you often get unfavorable ICOs then it is an experience for you and us all, certainly behind your disappointment in ICOs then there is a bigger lesson for us to get profit from ICOs.
full member
Activity: 540
Merit: 100
May 11, 2018, 08:13:25 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 Smiley

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' Smiley
If ICOs doesn't work for you, it is really good if you will just stop making investment. You will continuing to experience loss if you will continue to make investment with ICOs. You should gather more information for you to become knowledgeable person.
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