Topic: Why I am quitting ICO's - page 28. (Read 6154 times)
True, i myself don't like to join ICOs now. 4 out 5 ICOs failed. 3 of the four didn't even reach their cap. 1 is just plain scam. But then again, let's not generalize all the ICOs. I'm pretty sure one or two will be alright and 1 will be a great one that you would regrey not joining.
Don't quit and give up in participating ICO's because this is only the way to earn especially if we don't have enough money to do investment. Don't lose hope while still here in the world of cryptocurrency because everyone deserves to have an happiness if you have been experienced a challenges now then you need to be strong and fight for it to overcome this problem.
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'
It was very unfortunate for you, there are a lot of successful campaigns today and their participants who advertise the platform are getting a decent amount of payout that they can use for their daily needs.
True, i myself don't join in ICOs now even if there's benefits like a low price and bonus coins. I would much rather join in when it has already pulled up numbers and actuaally became successful. From there since it won't cost me anleg to invest then that's when i do. Other than that, I'll stick to BTC thanks.
Think about the reason you left your ico not enough money to continue investing or you have family problems or you do not want to invest in ico anymore or you realize something is wrong if that You will easily understand why you are retiring
Your points are right in its own place but besides that I am investing in some good ICOs which are listed as high rated on the ICOBench and after the end when the coin is added to the exchange I earn a very good amount from that investment.
If the price of the coin not increase then I at least earn from that discount of the ICO which is given to the early investors at the early time period of the start of ICO.
If the price of the coin not increase then I at least earn from that discount of the ICO which is given to the early investors at the early time period of the start of ICO.
I'm actually joining and supporting more ICOs right now as that helps me to earn new tokens without much capital and risk
I agree with capital aspect but I do believe that ICOs are very risky, there is no guarantee that it’s actua going to succeed and I for one am always skeptical about them because of so many stories about ICOs that scam people and then vanish without a trace. I would rather trade cryptos than investing into ICOs. 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'
Some ICOS nowadays give a damn to those investors and participants as well, i also feel that way but for as long as there were existing ICOs and bounties that pays right and already listed in the exchanger,there i could see its price could grow anytime, i would never give up that easy.Joining Initial coin offering and investing in it seems so risky but im still not losing hope that i can profit in some coins that i hold. 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'm actually joining and supporting more ICOs right now as that helps me to earn new tokens without much capital and risk
ICO does have a high risk and you should have realized at the beginning, yes ico is not all scam there are still some of the existing ico decent enough. So do research first to invest in an ico, because it is not easy to get the exact ico.
I am pretty big on ICO's this year...
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.
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.
There are still good ICOs out there no matter the lapses some of the ICOs recently have. I recently participated in a few ICOs where coins for team members were locked while participants could still trade their coins. ICOs are becoming a torn in flesh gradually but you have to be extremely careful in choosing the best ones for yourself.
I agree. The ICO craze is reaching its maximum. Everyone saw ICOs 40x'ing and what not last season. So naturally, everyone, both big and small investors, are trying to get in on the craze for the simple reason of dumping when the token or coin reaches a multiple in price.
And most ICOs are scams. You can argue this to death, but out of 100 ICOs, most are there for the hype and quick mass funding.
It's a bullet train to hell. Everyone who hasn't gotten off will end up splattered.
There's an exception to those few solid ICOs with great promise. But even those are pumped and dumped all the same.
In my opinion i wont stop joining at ICO especially in bounties. Cause its my primary source of money. I cant stop joininh at ICO projects. Many of ICO now are sure that will succeed try to read their whitepaper and roadmap. You. Will understand the difference between the scam. And not And most ICOs are scams. You can argue this to death, but out of 100 ICOs, most are there for the hype and quick mass funding.
It's a bullet train to hell. Everyone who hasn't gotten off will end up splattered.
There's an exception to those few solid ICOs with great promise. But even those are pumped and dumped all the same.
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.
Your obervation have shown that many ICO nowadays are carbon copies of previous ICO of a diffent company. There are some investors that have been discouraged because of the effects of dumpers in etherdelta which put the coin in underperformance status. Many who gets the coin are bounty hunters willing to dump the moment token get into their wallet.- 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.
Some tip to give you is that before you invest try looking for a unique ICO, an ico which dont have a resemblance to others. And do some research first. 5 ETH is big money bro.
This crypto business is a lot of trial and error but the good thingt is that we learn along the way.
When you get one or two scams then do not ever think that all the scam ICO, in the investment of course there is always a risk and I also experienced several times hit by scam like Snapup, Bitcad, and so on, but this never made me quitting to invest in ICOs.
Currently ico is everywhere so that the focus of investors can be divided. too many projects are doing ico now, i think there should be rules governing it.
~snip
Well one thing you should always remember about ICO's is that they have a very high percentage of scamming you according to what I have seen past few months . Well I may be wrong , there are few ICO's who have really worked hard proved themselves . But the main problems is , it's really hard to believe in them . Cause there are hundreds of thousands of ICO's out there and it's really to find the perfect one out . Well this is the main reason why ICO's have to escrow / use alot of their money on advertisement . Also many token ICO's just don't manage to reach that global marketplace and hence having a low value of their token . And sometimes even a bit lower than their ICO price Which usually happens with many of the ICOs.
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'
Agree and most of the ICO wants to have a bigger profit and one's they get what they need sometimes they run with the funds they have and the investor who invest huge amount of money has a big loss in the industry, but you can choose a great project and you know that has a good potential to invest your money. 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'
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