Topic: Why I am quitting ICO's - page 27. (Read 6126 times)
I do not believe that all ICOs have lost their value and what we need to do is to choose the best ones from them because they are worth looking at.
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
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
Just need to choose projects in which give good bonuses at the main stage of ICO, and where the development team leaves no more than 10% of the tokens.
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.
I don't figure I will surrender the ICO. I see numerous tasks they apply great innovation to the truth and these are great undertakings worth contributing so why desert them? In the event that you invest a great deal of energy not putting resources into phishing ventures, I trust you will profit.
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 think you are right. To anyone who notice, among the things that has been mentioned above, much attention to marketing, less to working product or realistic time lines really hits the mark. This is a spot on analysis on what is happening on ICO's. Not to mention the tokens allocated to the ICO team and marketing. Everyone wants a piece of the golden treasure and as a result, a lot of investors are not enticed on ICO. I think a lot of people are prioritizing trading instead of ICO's.
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.
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.
This is the reason why I strictly dissect ICO that I am investing from time to time. I always focus on something that has network effect, that will capture value and building a unique and important protocol. If it just another ICO aiming to have card then I tell them, nevermind, there's too much similar platform like that already.
So, many ICO have really made fed up many people, everyday I open the internet so many new ICO are looking for investors. This is really a dirty bossiness and one needs to be very careful before investing in any ICO. ICO which seems sketchy should be ignored upon first look. I always look for the renowned faces in the team so that you can get some assurance for your money.
You probably just visit lucky with ICO. I read a lot of branches on the forum, where people wrote that earned on the ICO for 5 thousand dollars!!!! I think these guys were just choosing from a lot of companies and they had to take them out before they took part.
Fortune might be an overly ambitious description of most peoples worth unfortunately! I know many young people are here because high growth is very much required when the initial capital is quite low and crypto remains a high risk, specialised knowledge area which does in a good way open it up to those most able to familiarise themselves with new terms in technology.
If anyone did really gain alot like maybe the OP has done ok then I also agree with the idea of diversifying away from purely ICO investment. Its not good to rely on just one thing and of course overall for 2018 ETH has declined some, that doesnt mean long term it would only do that and I still think high growth is possible on each business case examined.
Thats the positive thing to consider, new ideas are appearing and taking an interest and investigating possible growth is still well worth doing. However in a bear market or pullback like 2018 has seen, it becomes harder that is for sure
If anyone did really gain alot like maybe the OP has done ok then I also agree with the idea of diversifying away from purely ICO investment. Its not good to rely on just one thing and of course overall for 2018 ETH has declined some, that doesnt mean long term it would only do that and I still think high growth is possible on each business case examined.
Thats the positive thing to consider, new ideas are appearing and taking an interest and investigating possible growth is still well worth doing. However in a bear market or pullback like 2018 has seen, it becomes harder that is for sure
You managed to communicate colorfully and emotionally your mood, and even at some point I agreed with you. But remembering my positive experience, I can not be entirely at your side. I love ICO. I like to spend days searching for information, analyzing, listening to intuition and acting. To be honest, I have invested more than half of my fortune in several projects and will continue to believe in them.
Well, you stated the facts about ICOs especially those with really high expectations in teems of caps. I cannot blame you for quitting ICO because as these days, most ICOs are really failing because of the reasons stated above. However, if you want to succeed in ICOs investment, you have to give time and effort in researching about the project.
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'
there a problem not with ICOs, but with the way you choose them. None of blockchains dropped below ico price, even not that much hyped project looked good on bear market, i personally will invest in upcoming ico project - Egretia
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.Sad to know that there are a lot of scammed ICO's and it is very hard to differentiate the bad and the good one's. It is a matter of doing your research ask referrals from friend. I have also some bad times with ICO's but i can say that the good one's are worth it and i am not quitting with it.
ICO is now a very risky investment, many factors contribute to this. Although last year has passed a lot of very successful ICO, you need to be smart with this case
It deserves to be risky because once the success of our account will increase many times. Many people take risks, they will observe carefully before invest. ICO is now a very risky investment, many factors contribute to this. Although last year has passed a lot of very successful ICO, you need to be smart with this case
Digital currencies are pretty popular these days now and I that also means we really need to be careful since being hacked and scammed now are very popular too. A lot of people are taking advantage of those people who want to invest on digital currencies ICOs or projects knowing that a lot of people are hoping to gain profit through investing on digital currencies.
Before investing, always ensure that the project are legitimate. Look at their goals, their road map and especially their white paper though there are still some great scammers that even with a deep research, you will be still scammed.
You are quiting ICO because you may be frustrated of what happen to the ICO that you participated that it did not give tokens or the ICO that you join is a scam project, but for you do not quit ICO and continue believing that there are still OCOs that are true to their launching and not a scam ICOs.
ICO is now a very risky investment, many factors contribute to this. Although last year has passed a lot of very successful ICO, you need to be smart with this case
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