Why I am quitting ICO's - page 39. | Bitcointalksearch.org

entrepmind23

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Quote from: DikkieD on February 14, 2018, 05:29:26 AM

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.

Though I can get a bonus when I buy during the ICO, there is still a chance I would be able to buy the coin at a discount when it is already in the exchanges because of the dip may it be temporary or not so I prefer to buy the coin that I like when it is already in the exchanges. Price would dip upon the launching in an exchange because of various reasons may it be the whales dumping their coins or the bounty hunters selling their shares. This would be a good opportunity to buy the coin especially if it drops below ICO price which is happening now to most ICOs launch recently.

Quote from: DikkieD on February 14, 2018, 05:29:26 AM

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'

So many telegram messages and most of it I can see are "when exchange" without even bothering asking what are the developments of the project then I also wonder if they are more concern of the use case or the short term profit. Sometimes it is much better to join those channels that have few members because they are talking about the project and not about when would be the next hype of the coin.

Zeeks

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Quote from: DikkieD on February 14, 2018, 05:29:26 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'

I think pre ico prices and sales are the big culprit here. Some people and groups seem to get too much of a discount.

Mattacoin

newbie

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It's ironic reading posts from people warning others that ICOs are bad when they are wearing a bounty signature and Avatar.

I like to put 10 to 25 percent of my crypto portfolio into ICOs. That being said, do your research because a lot are scams or will never make it. Ensure it has utility, a great team, a quality roadmap and that the price makes sense. Some are way too generous to developers and insiders, so read what the pros have to say, what others have to say and the whitepaper. Follow the telegram chat and don't fomo into a bigger bonus, it's better to wait and do your research.

Willitivity

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Your points are very clear and well articulated. That's some of the basic truths in ICOs that are still unknown to some persons, especially the newbies. But on the other hand, when you get a good ICO to invest in, it is always a thing of joy. Especially projects that have a prototype of their working product and those ones promising things that are so abstract.

DikkieD

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I wrote the OP to make people aware to do good research, since once you start to actually look into most ICO's fomo takes over fast and you may end up with an underperforming token or coin. Not to say this will not result into massive profits much later down the road, but by then you would have been able to pick it up for the same price, perhaps a slightly higher price (but still ok since you were able to track progress a bit longer) or for a much lower price (which is the case with many ICO's that ended between the 1st of January until now).

I wanted to warm people to realize that there are so many ICO's nowadays, and many of them simply will not lead to massive gains in terms of your initial investment. If you believe in the project, it shouldn't matter, but if you are trying to make a quick buck...better be aware that most red flags can be easily spotted.

Jeremiesaranza

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EMMARES – Email as you know it, will never be the

Quote from: DikkieD on February 14, 2018, 05:29:26 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'

No I've never quit for icos I must enjoy it work for it and have a good communication about bitcoin

Vladislav Artur

newbie

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Ye I think your reservations are quite valid to be honest but I don't think it's enough to put me off ICO's. I think the biggest company's the world will see in the decades to come will eminent from the ICO space in the next five years

makoto_takemiya

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ICOs had promised to help democratize fundraising, giving access to funds to any capable team with an idea worth developing. However, the shift from public, unregulated sales to sales where everyone does KYC and institutional investors (like crypto funds) buy up a large majority of the tokens at a huge discount over the common folk, has taken away the main advantage of the ICO model, which was democratization of fundraising.

Bobby park

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Why do you quit ICO? Yet there are lot of scams but probably, ICO is profitable. Just don't quit participating ICO because someday you will find the best that suit to you.

Yaunfitda

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Quote from: crzy on February 24, 2018, 05:37:09 PM

Quote from: scaramanga1337 on February 23, 2018, 12:54:31 PM

sometimes its possible to get the ico coins cheaper than ico price after their first listing on exchanges.... so why to participate in the icos with all the risks like scamming etc.............

Yeah, almost all ICO have the same pattern, well I think people are just taking the risk to invest on a great ICO and expecting to earn more since its a good one. ICO’s are ok for me as long as its not a scam.

I say that 90% have the same pattern, meaning nothing unique to offer, the same ICO's all over again with only different teams behind. For me its a red flag that it will not do any good or maybe a scammer for the worst part.

I applaud the OP for quitting because there are thousand of ICO popping around like mushrooms with the intention to be scam investors of their money.

What's the worst is that those legit and trusted ICO losses its ground from potential investors because they have doubts to reinvest specially those people who have been victimized already.

poulembertus

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so if you quite from ico
why you follow bounty campaign, signature campaign
if project not succes because all people not interest join in ico project you can't receive payment

crzy

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Quote from: scaramanga1337 on February 23, 2018, 12:54:31 PM

sometimes its possible to get the ico coins cheaper than ico price after their first listing on exchanges.... so why to participate in the icos with all the risks like scamming etc.............

Yeah, almost all ICO have the same pattern, well I think people are just taking the risk to invest on a great ICO and expecting to earn more since its a good one. ICO’s are ok for me as long as its not a scam.

Granxis

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Activity: 1400

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Quote from: pat4cryptoreal on February 24, 2018, 02:05:52 AM

We here should have in mine that it is not all the ICO that will be successful, not all the project that will come to reality, not all the ICO that are genuine. It is all about taking risk. Make sure you carryout your research before investing in any ICO.

Investors are only looking at road maps on the website, developers are not examining them. I usually review all developers' linkedin accounts, i have not been disappointed so far.

BartS

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Quote from: el kaka22 on February 23, 2018, 02:23:44 AM

Quote from: Rascar Capac on February 14, 2018, 06:38:42 AM

It's certain that the hard caps are high and that there are more and more... But some ICOs like crypterium or titanium still managed to reach it! I think the real problem is that it dilutes all this money on the market cap and therefore prevents good projects from succeeding Sad

Well, the market cap will always keep getting pumped up as most of these ICOs keep popping up and there is really nothing we can do about it.

Nevertheless, ICO in all is becoming a sham as we end up seeing even projects that do not require ICO coming up with some bullshit product and looking for funding. I feel the whole space is a joke, but at the end, like you said, there are still some good projects, it is just to find them and invest in them irrespective of what happens, but I feel the pain of the OP and some other guys though, where you see the value of the coin you are holding lesser than the value during ICO.

This is why eventually the market of icos is going to become less dynamic, what it is the point of investing in them if you are not even supporting a real project but a scam, most of the time nothing comes out of icos and it is just a huge scam in which everyone is just trying to not lose money when things eventually fail, so with that in mind is really difficult to take seriously their demands for even more documents when they should be the ones going through a know your customer/developers policy and not us.

pat4cryptoreal

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We here should have in mine that it is not all the ICO that will be successful, not all the project that will come to reality, not all the ICO that are genuine. It is all about taking risk. Make sure you carryout your research before investing in any ICO.

Dragon5

member

Activity: 266

Merit: 10

I see your point, we all have experienced that. While even the biggest crypto bulls will privately acknowledge that 95% of initial coin offerings are hype, scams or worse, a blockchain-enabled financial system of some kind is here to say. As in the dot-com boom in 1999, some of these crypto billionaires will bust. Others will weather the inevitable reckoning and morph into something stronger, crypto’s eBay or Google. Transparency needed to
pull crypto away from its provenance as the favorite currency of drug dealers and into the adolescence of a legitimate asset class.

googs84

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Quote from: DikkieD on February 14, 2018, 05:29:26 AM

~snip~

What to say there is always one way around for many things in this crypto land. If one shuts down badly then there might be another one opening at right time for better cause. I know we can not rely on most of the ICO these days but how could we forget that past has given us so much and we were just right about any investment that we made.

Now a days only thing that differes is, trust score! It has dropped dramatically but it doesn’t mean that ICO are all the way bad. It’s just that we have to take more efforts than the previous chapter to find betterment.

DziugasB

newbie

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Most of your points can be avoided if you do your due diligence. It is not hard to do homework and go to bed knowing that the investment will work.
As for the exchanges, correct me if I am wrong, IDEX is a decentralized exchange, anyone can list any coin and ICOs do not control investor's decisions.

marsmyname

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Quote from: DikkieD on February 14, 2018, 05:29:26 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'

I have come to start realizing sometimes that investing after the coin or token has been listed on an exchange, most especially in a big correction like this is a best choice rather than investing in the ICO directly. I invested in Adbank ICO recently and the value even got lower than the value during the ICO and honestly that sucked because I had to think, what the point is being a part of the ICO when I would have just gotten a better offer making use of an exchange when it gets dumped.

giarised

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Quote from: aceptamosbitcoin on February 14, 2018, 06:08:55 AM

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.

The problem is even after the ICO; one cannot really say what can end up happening. Some of them gets undervalued for some time and then pick back up, while once some of them gets listed, they start performing pretty good. At the end, all that is required is patience as we cannot always have it all but as long as the project is solid with a working product, it is still ok, after all the essence is to hold for the long term.

Topic: Why I am quitting ICO's - page 39. (Read 6154 times)