Why I am quitting ICO's - page 33. | Bitcointalksearch.org

minnerETN

newbie

Activity: 126

Merit: 0

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

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'

Agreed with your point of view, but everything has to be good and bad and the ICO too. There are many potential ICOs and there are also a lot of scams. You should not remove all ICOs

Gaspard de la nuit

newbie

Activity: 11

Merit: 0

Eh, it's not a good time, if you look for immediate gain. But the market will certainly rise, so those who have the courage to invest now will benefit in the future.

fluctuations

newbie

Activity: 183

Merit: 0

I do not think I will give up the ICO. I see many projects they apply very good technology to the reality and these are good projects worth investing so why abandon them? If you spend a lot of time not investing in phishing projects, I believe you will make a lot of money.

Visteryy

member

Activity: 322

Merit: 10

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

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'

The ICO is currently affected by the price of bitcoin being reduced. So there are many ICOs that are listed on the exchanges where the price falls lower than the purchase price of the ICO. but maybe a few months. After the price of BTC increase and everything normal again

YzzyGo

newbie

Activity: 196

Merit: 0

It's really a hit or miss with ICO's recently. I, for one, have never tried to invest in one due to fear of losing my investment. There are some who are very successful and then I feel that I missed out since I considered joining them but the number of times I missed out is smaller than the number of times I made the right decision not to invest. With things like this happening, it's better if an ICO has a reputable escrow for in case it fails you can get your investment back.

maxreish

sr. member

Activity: 1330

Merit: 326

I understand your point. ICO's are coming almost everyday and because of so many ICO's , most of them are not succesful and they failed. But some ICO's are still giving us hope and is successful until now. So, if there were launched potentially ICO's that are great enough and are still running. Then, you shouldn't quit yet and must still go on, continue to take a risk until the right ICO will further match and fated for you.

ooeygooeygold

full member

Activity: 465

Merit: 100

My point of view is not to give up all these ICO but to pick from them. If we can't find the right one then we should try more than one. I think then one of them would be fruitful. I think ICO is one of the next big technological advancement. We simply can't keep us away from it, we shouldn't.

danim1130

sr. member

Activity: 616

Merit: 250

I can't really say that i am now quitting the Ico's and i cannot recommend to quit too. because there are still so many projects there that so very resourceful and very smart developers. like ethereum .. i can say that i will stop now but i definitely not quitting

consider the ico of bitcoin.

supine

full member

Activity: 1036

Merit: 109

That is why most people keep away from ICOs. It is wiser to wait for the crypto to go in the market because you can actually buy it there cheaper. Those who buy early during the ICO dump what they have bought once the coin gets listed on a decent exchange. Most investors are just dumpers, so it is really best to buy coins in the market.

RoolBi

newbie

Activity: 109

Merit: 0

Quote from: GamblingPurveyor on April 09, 2018, 08:04:42 AM

Well good for you, but Ico was the main platform through which I made alot of money this year and even last year, I benefited from Ico like neo, regal, etn, utrust and so much more, and am still investing in as much Ico as I can, but am very careful on the Ico I invest in, so that I won't be scammed. Here is what I do: I study the white paper of the ico well and also check how often I can see the team on YouTube .

I agree with your point. If you know how to choose good projects that invest, the ICO will bring you much profit. So why do we abandon them without investing? I know that there are many fraudulent ICO projects in the market today, but that is your investment challenge.

ajdaj

full member

Activity: 532

Merit: 100

Quote from: GamblingPurveyor on April 09, 2018, 08:04:42 AM

Well good for you, but Ico was the main platform through which I made alot of money this year and even last year, I benefited from Ico like neo, regal, etn, utrust and so much more, and am still investing in as much Ico as I can, but am very careful on the Ico I invest in, so that I won't be scammed. Here is what I do: I study the white paper of the ico well and also check how often I can see the team on YouTube .

except for personal study of the documents of the company, it is necessary to select such factors as reputable investors or authoritative developers, whose name is beyond doubt. If you focus on these people, the risks of linking yourself to scammers will be much less.

GamblingPurveyor

member

Activity: 280

Merit: 10

Well good for you, but Ico was the main platform through which I made alot of money this year and even last year, I benefited from Ico like neo, regal, etn, utrust and so much more, and am still investing in as much Ico as I can, but am very careful on the Ico I invest in, so that I won't be scammed. Here is what I do: I study the white paper of the ico well and also check how often I can see the team on YouTube .

JustBetweenUs

member

Activity: 290

Merit: 28

bitcoin is not a bubble, it is the pin

Quote from: Omega Weapon on April 04, 2018, 12:15:19 AM

Quote from: Ashimwe on March 27, 2018, 01:58:59 PM

Man am also quitting ICOs , this January and February have been a disaster in my ICO world, look at my investments in the last 2 months at ICO price and current price
ICO price .................CURRENT PRICE ($)
CPY at 1.15....... ...0.14
seth 2..................0.3
Exyperty 1..............0.1
Iungo1.5................0.08
Ian 2.5................0.9
FUCK icos for now

I'm sorry for you that you are having such a huge losses at the same time it seemed that you invested in just too many icos and that you invested in probably the worst possible time, as long as the project that you selected are decent then you could recover your money eventually but you are going to lose a lot of other opportunities to invest your money and you need to hope that those icos recover before the price of bitcoin does or your losses may increase while the price of bitcoin grows and the price of your icos stay the same.

Some good statements here. Except I don't think he would need to be too worried for Bitcoin to recover as most alts are following bitcoin and those with a low marketcap (typically all or most coins that had an ICO recently) will have a higher delta and can potentially outgrow bitcoin, unless you bought into projects that were merely hypped and then stalled after the ICO.

TheClownSong

sr. member

Activity: 1428

Merit: 251

Quote from: Lexurdania on April 06, 2018, 08:41:07 PM

Many reason coin/token after ICO down their price when landed on exchanger. Maybe because market down like what happen right now. Maybe it because so many airdrop and many of airdop receiver dump it

Many ICOs when they launch on market have success have give good return for early investor. I am believe if that new coin/token have good product and their project successfull, price will following to increase

winterland

full member

Activity: 434

Merit: 100

Quote from: matanglawin on March 27, 2018, 06:23:40 PM

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

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'

This is indeed interesting but people had different perceptions. Most of the people are awared of the risk on investing in ICOs due to the volatility in the market. But still, all ICOs are not the same. Some are earning huge profit from ICOs which definitely has different point of view as yours. ICOs are still profitable but if you choose on not to participate anymore, we can't do something about it.

It is true that you could earn a significant amount of money with icos but at the same time you can lose a huge amount of money if you keep investing in bad projects and when the bad projects outnumber the good projects by so huge numbers then it's no wonder why many people are giving up investing in icos and are going to try to invest in safer projects.

sulendra12

hero member

Activity: 2814

Merit: 526

Undeads.com - P2E Runner Game

Some people said ICO is dead nowadays. But STILL, there are some ICOs that are promising to invest if you could look up to few of those. Even though they took longer time to established their ideas (even it took more than a year to make it, shootout to xxx) It would be a great idea to quit since you don't need to bother again with the risk.

fauzan Ichsan

full member

Activity: 1246

Merit: 102

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: TheClownSong on April 07, 2018, 11:38:04 PM

Quote from: Bitfling on April 06, 2018, 08:56:18 PM

Quote from: Lexurdania on April 06, 2018, 08:41:07 PM

Many reason coin/token after ICO down their price when landed on exchanger. Maybe because market down like what happen right now. Maybe it because so many airdrop and many of airdop receiver dump it

With market dropping like now, many coin/token after ICO not have good perform on market. Beside that, sometimes total supply token is too much and when ICO, they give too many discount and people start dump it when already on exchanger

Many factors why token/coin not successfull on market. Bearish trend on market can affecting new coin/token on exchanger. But sometimes, new coin/token with good project rising their price when landed on exchanger. Its depending on us to pick and research good ICO

with a lot of ico i think we should be right in choosing a good ico, actually a lot of good ico, but its also a lot of ico with less potential. the most important i think the best way is to analyze how the ico can market their products

Omega Weapon

hero member

Activity: 1092

Merit: 501

Quote from: Dimid on April 04, 2018, 08:16:58 AM

The trend of the ICO has exhausted itself, now it is much more profitable to buy a coin on the stock exchange after the end of the ico. As a rule, in the first months of their price falls in two to three times the price of the ICO.
Now it is very difficult to find a good project for investment, it takes a lot to read and study, it's quite a difficult job, so I prefer not to invest at the sale stage, but buy on the stock exchange.

Buying at the ico stage can still be profitable but what it's happening is that the market is in a very bad shape even some of the very best coins are not growing at all you just need to look at bitcoin or ethereum to see what I'm talking about, so look at a project and see how good it is if it's really good then you still need to invest in the ico, and if it's not that good then why you are investing in it at all.

TheClownSong

sr. member

Activity: 1428

Merit: 251

Quote from: Bitfling on April 06, 2018, 08:56:18 PM

Quote from: Lexurdania on April 06, 2018, 08:41:07 PM

Many reason coin/token after ICO down their price when landed on exchanger. Maybe because market down like what happen right now. Maybe it because so many airdrop and many of airdop receiver dump it

With market dropping like now, many coin/token after ICO not have good perform on market. Beside that, sometimes total supply token is too much and when ICO, they give too many discount and people start dump it when already on exchanger

Many factors why token/coin not successfull on market. Bearish trend on market can affecting new coin/token on exchanger. But sometimes, new coin/token with good project rising their price when landed on exchanger. Its depending on us to pick and research good ICO

nightfury

full member

Activity: 392

Merit: 100

ICO is really good way of earning bitcoin for free through bounty campaigns. All you need to invest is your time and your dedication to do what's being asked in the campaign. But sometimes, your endeavors will turn in vain when ICO tokens seems lost in its vision and starts to fall down right after it hits crypto exchange.

Topic: Why I am quitting ICO's - page 33. (Read 6126 times)