Why I am quitting ICO's - page 41. | Bitcointalksearch.org

CuteBaby123

jr. member

Activity: 196

Merit: 3

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'

Your statements are reliable and have basis. These claims, however, maybe true to some but not to all. ICOs are still good source of profit and an investment. They are still famous and attracts more investors. In terms of telegram members, yes, the success of one project sometimes depends on the users in telegram because these are investors in IcOs.

Marco Ambrusini

full member

Activity: 364

Merit: 105

You have a valid reason for quitting ICO's tho there are still really legit icos out there.
Some might have fall because of the general bitcoin and altcoin bearish run.we should expect to experience a big soaring after the dips.Its always important to conduct a very good research before investing.And try and enter as early as possible (pre-sale )

below is a website we created with a group of Crypto experts .we always makes sure we list the best ico's with working products and prototype.
https://icotimer.net

marcbitcoins

full member

Activity: 854

Merit: 108

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'

Well said and very specific point of view but still i will continue to join ICO investments as long as i'm still earning big from their projects because fortunately, i always earned every time i joined an ICO maybe because i'm always vigilant during choosing a projects.Maybe if i lose a huge amount of capital or become a victim of a scam ICO then that will be the time i will quit ICO investments too.

LETme

member

Activity: 266

Merit: 17

I read you interesting statement and I learned a lot I found it true, but when it comes to investment I think it is normal because every time we put money in investment plan there's always a risk and the best thing to do is try put some effort to review what Ico's is better to invest your money even if you lose you will not regret because you really try your best.

JL421

hero member

Activity: 812

Merit: 510

Damn you are right there are way to many ico currently and most of them have similarities between them it's not worth wasting our money on them instead it's better to trade or make an investment on gambling site it will be more profitable and has lesser risk

InvestICO2L

full member

Activity: 420

Merit: 102

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'

[/size]
You invested several ICO's since December, 2018 and it did not bring profit like you expect but i would like to say that Good ICOs also need have time to their price go up. Development team of ICOs need time to improve their project by capital which raised in ICO. You should wait 6 month to see the price go up. It's very hard to find out a token which is instant increasing the price after ICO is end and listed in exchange site. The most important in cryptocurrencies market is you have to patience.

Dodoymabs

full member

Activity: 602

Merit: 100

Quote from: Dragon5 on February 17, 2018, 02:34:46 AM

But we have to admit some ICOs are good value for money and are real start-ups producing apps or other products. We just have to be more precise and carefull chosing the "right " ICO. And more important, try to find managers we can trust, those who have already completed successful projects

ICOs nowadays are very rampant and there are people can't avoid to be unlucky. Yes, you are right that not all ICOs are not doing well because there are still good ICO that has been managed by good campaig manager. We just have to be wise and read more so that we can gather more information regarding of what ICO we support.

chengyinoing01

jr. member

Activity: 131

Merit: 1

Your view is great, but I still think ICO is worth investing in. I don't think it's the end of ICO this year.

Maybe it's because of the recent decline in the market that many investors are afraid to invest in, but now the market is recovering and I think 2018 will be the year when the encryption currency takes off.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: Rascar Capac on February 14, 2018, 07:38:42 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.

Idrisu

sr. member

Activity: 924

Merit: 260

I tried to quite icos last time when I invest in some projects and I loss heavly when the coins was completely dumped after it was listed in exchange platform. But there are some that have give good returned and I am still holding some coins also. Investment is very risky and ico investing is the most risk as the markets is not regulated. I will advise us to invest on those ico that has good teams and technology behind it.

BitcoinTurk

hero member

Activity: 1666

Merit: 629

You have touched on an interesting point and conveyed your useful experiences to us. ICO investments are also known as investment types, which generate significant amounts of profits to the investor if it is a high risk but a solid project. The best example of this is the GVT Token.

speem28

sr. member

Activity: 546

Merit: 255

Quote from: pogiparin on February 14, 2018, 08:48:09 AM

This "ICO" phenomenon is overhyped. This creates a lot of speculations that drive people crazy. People just buy and sell without researching and leads to their downfall. I hope you'll find another area in which you can succeed.

That is the common scenario, that people just buying and selling as soon as it hits an exchange, but the factors that trigger this event is the fact that they are easily swayed by FUDs about the ICO and FOMOing so they can't control themselves to hold the ICO they trusted investing in the first place and keep the faith that it will recover in price or went on according to the roadmap of the project.

Most ICOs finished product is not being used in their use case and this is what hinders investors to give their full trust on it.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: salterious on February 14, 2018, 01:33:51 PM

Glad you came to the realization that most ICOs are a scam show and only fleece the current people in the market of their funds. I would hold all ICOs now and incoming to a higher standard and it warms my heart to know others are now doing the same. Kudos! Kiss

We really do not have a choice, icos want to hold us to an higher standard by demanding our documents and even worse now they have white lists of people they will allow to invest even earlier, at this point I have given up in icos and will never buy in the ico phase of a project again, icos used to be a way to support a good project and help the devs make their vision a reality and now they are only interested in getting as much money as possible as fast as they possibly can.

StGermain

member

Activity: 224

Merit: 14

QuickX ICO

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.

s 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'

There is a level of uninformed investment that is rarely seen in other aspects of life. people who would be reluctant to lend 100 $ to a friend go a throw a fortune to complete strangers. No wonder there are so many scams.

DikkieD

member

Activity: 560

Merit: 22

A good example of an ICO gone wrong (in my opinion). I will not name the exact ICO though, don't want to FUD unnecessary.

Token metrics are as follows:

4 billion! tokens total
2 billion tokens in presale/crowdsale
Sold in crowdsale for $0.05 = $100 million cap
2 billion tokens left for marketing, team and such
NO COINS ARE BURNED

Project has potential, that is true...but this is a sharp contrast of many successful ICO's from around a year ago.....

Would you participate in an ICO with these token metrics?

jakelyson

legendary

Activity: 2226

Merit: 1069

Quote from: StGermain on February 15, 2018, 09:03:04 AM

I agree with you. Many ico's are just selling crap or not responding adequately to the investors. But I think that's the price of having the opportunity to generate a large profit in a small time. You just need to be more carefull in your picks.

Maybe 1 out of 100 is a genuine good product. I have been joining bounty campaigns, and there are quite few ICOs that have real project that actually solves something. Those I found I did not just do bounty but invested as well. You just have to skim through all those bad ICO.

3la9l_kolbaCa

sr. member

Activity: 952

Merit: 250

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

You have a very good point there because some of the ico's actually most of them are not paying, some of my friends saying that the ICO'S today generation is the new hyips. so many of them are showing up and then no payment at all.

panganib999

hero member

Activity: 1750

Merit: 589

Quote from: omonuyak on February 14, 2018, 08:52:32 AM

Ico is good to invest in if you can actually make money if those projects will be listed in those big exchange and not on etherdelta and hitbtc were most thing that happened is dump and sell out of panic.
I don't think Ico itself is bad but what is bad is our attitude towards how this market work , no one want to invest in a project because he believes in the future of those project but just to sell for profits.

New project could turn as a new opportunity if we could have a time to learn and to invest within our given knowledge ahead to support the project itself. It is to risky to take advantage on something that does not have a good future if we are talking about the process of just investing. We should also support the ICO so it could have a success in the future.

lynlyn

member

Activity: 243

Merit: 10

Quote from: newbie-hero on February 18, 2018, 10:08:09 AM

Quote from: omonuyak on February 14, 2018, 08:52:32 AM

Ico is good to invest in if you can actually make money if those projects will be listed in those big exchange and not on etherdelta and hitbtc were most thing that happened is dump and sell out of panic.
I don't think Ico itself is bad but what is bad is our attitude towards how this market work , no one want to invest in a project because he believes in the future of those project but just to sell for profits.

Yes, there are many good projects, but difficult to find among the garbage and many have lost confidence in new ideas. I think that soon the market will begin to regulate and you will not have to worry about fraudulent projects.

Yes very hard to find a good ICO but we have a bases to considered before we joined and that is try to read thei platform like roadmap and Whitepaper.But the most of all is their team's background if they are capablre enough for the ICO project

ylnar123

member

Activity: 350

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'

This perspective is interesting for new to ICO. Knowing that big investors are able to buy most of the tokens during pre-sale, so those invest during crowdsale of ICO gets little of what they want to profit because after ICO those big whales will dump their tokens when they see an increase in price after ICO. So for the beginners on ICO they better think about it but not totally quit or give up on ico because there is still promising ICO's out there, which only needs to be searched.

Topic: Why I am quitting ICO's - page 41. (Read 6126 times)