Why I am quitting ICO's - page 42. | Bitcointalksearch.org

newbie-hero

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Quote from: omonuyak on February 14, 2018, 07:52:32 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.

btcrut2017

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Interesting point of view. I encounter the same situation with yours although i invested in one ICO and spend only 1 ether. I bought on almost the last day and no more bonus. And when it hit the exchange the price dropped to almost 50 percent. My plan is to hold this coins to avoid further loses.

Dragon5

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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

tetyulfania

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The most thing point of your topic, where we want to buy the ico coin, we will know what the best ico coin have we buy, the first point is where the ico have reached the soft cap and it will be good for us to buy this ico coin and it will be this ico success. And another reason for buy the ico coin is the coin have sold out in pre sale moment, it will be most interting by the investor to buy this ico on cronwdsale.

Kiweikoo

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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'

You’re really making a lot of sense here. I’m not into ICOs. I was beginning to consider it before seeing this post. And this post is really pointing out to the main points it’s not making sense. I’d better make straight investments, work on signature campaigns and trading than the ICOs.

All these big whales are nothing but big spoilers, they are used to taking advantage of others and everything we do is just to make them rich. Well, that’s only for people who are not smart enough. If you’re smart, it won’t work.

RudolfHes

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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'

Therefore, I began to carefully study the projects, which would weed out 90% of the normal ICO that will actually make a profit. And not created to raise money and go to the islands.

StGermain

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QuickX ICO

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.

StarKay

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We All Can Make It

I understand your point and I also share in your sentiment, it hurts to see coins bought at ICO to be trading below the crowdsale price.
But that shouldn't stop you from investing in ICO's, only participate in projects you trust, then you won't worry much.

gabmen

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Quote from: wildflower18 on February 15, 2018, 01:59:56 AM

Quote from: jmiro1 on February 14, 2018, 12:54:38 PM

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.

Absolutely yes, so many Ico's yet there are still Ico are good investment. In this industry for you to earned money you have to be more careful in choosing a good ones. Although there are scam, but many of us still investing into it. Best is to research and make some analyzation on good ones for us not to get scam.

There are a lot of good icos out there that have real projects with good teams behind it and i think those are really worth looking into and investing on. The risk of course applies on all icos, its a higher risk than most investments out there but looking forward to years from now, these icos will play a big part in the future. Research and study as always, would be the most important prerequisite before investing

portotoi

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Blockchain with a Purpose

Well you can still work in ICO without investing your money. You can join all bounty campaigns here. There is also trading exist here. You can do trading instead of investing in the ICO. Actually there are many ways to earn and have a good income. Just don't loose hopes in the crypto currency business.

cramcram21

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★777Coin.com★ Fun BTC Casino!

Joining ICO's are really risky there are lots of cons and pros when it comes to investing,
You just have to pick the right project and do some research about the team.

poptok1

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Bobby Fischer was right

Quote from: hieuho381 on February 14, 2018, 04:14:09 PM

ICO investment is the strongest investment trend this year, which is my guess. Because when the cryptocurrency market fluctuates too much, the trade becomes very difficult so the ICO investment is an option. It is great that you can buy the token at the lowest price. As far as I know, every day more than 10 new ICO projects are created so choosing which project to invest is not a thing easily. Be sure to study carefully before investing.

And this is exactly why I'm also not in to it. For me icos are more like gambling game with extremely elongated period of rounds.
Many months separate initial offerings from actual listing, to much stuff can happen during this time.
On the other hand, when you entering at the end of the ico stage than usually you are already in the loss. Careful study of one particular project can also be tricky, so many people are getting paid for cheering a project that there is no way to determinate if its even real.
That's why fresh ANN threads are useful, people tend to ask hard questions there, making a bit easier to spot fraudsters.
In general there is to much risk for my taste. I'm only taking advantage of airdrops but so far not to much profit from them, which only shows how ico related with those drops where a combination of hype and false promises. Not even mentioning about blunt scams...

DikkieD

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In the end this will not work I think. How can hundreds of upcoming ICO's all collect 20-40 million usd and will that money ever enter the crypto marketcap? What ICO will stand out and how will you find out in time to be a part of it without aiming for each and every one hoping one will go to moonville.

I never mentioned actual scam ICO's btw, only ICO's that had their token metrics in order and still only went x2-x6 at best, later dropping to x2 or less.

I decided to quit ICO's and focus on good quality coins with low mc and increasing volume, not too much total supply and low circ supply. Last few weeks I was lucky to jump on the train for MAN (Matrix AI), Trac (OriginTrail) and CPC (CPChain).

ICO's I participated in like Wepower, Swissborg, Dether and several others all are pretty much under ICO (crowdsale). I am in no hurry though, I am sure those will pick up as soon as the whole mc rises again.

wildflower18

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Quote from: jmiro1 on February 14, 2018, 12:54:38 PM

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.

Absolutely yes, so many Ico's yet there are still Ico are good investment. In this industry for you to earned money you have to be more careful in choosing a good ones. Although there are scam, but many of us still investing into it. Best is to research and make some analyzation on good ones for us not to get scam.

richardsNY

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Quote from: Pjoh ie on February 14, 2018, 05:36:23 PM

Opinion nice but my opinion opposite with you, I really like ico though maybe the price of her there are less good, this is where we must learn to choose ico good.

I have seen more people in the last months say that if you do enough research, you'll be having more luck, but that's not the case. Even if the project in question is legit and has a decent plan behind it, there is nothing that guarantees you that their tokens will reflect that. I have always considered ICO's to be a pure gamble, and that hasn't changed so far, and will never change. From there you are better off just waiting for a lower entry point of the various top crypto currencies in this market, and then open a leveraged position, which is somewhat of a gamble too, but likely going to provide you with a much quicker potential return.

Pjoh ie

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Opinion nice but my opinion opposite with you, I really like ico though maybe the price of her there are less good, this is where we must learn to choose ico good.

hieuho381

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ICO investment is the strongest investment trend this year, which is my guess. Because when the cryptocurrency market fluctuates too much, the trade becomes very difficult so the ICO investment is an option. It is great that you can buy the token at the lowest price. As far as I know, every day more than 10 new ICO projects are created so choosing which project to invest is not a thing easily. Be sure to study carefully before investing.

Maestro75

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I quite agree with the OP and did take the exit measure after my gory experience with the glasscoin ICO last year. Not only was it very stressful trying to buy in at the designated time window which normally didn't last up to 5mins each day, the coins got to the market below the ICO price. I asked myself what the stress was for then? I bought at 0.80 ICO price but glasscoin is yet to attain that price since hitting the exchange.

harizen

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Quote from: blueangel01 on February 14, 2018, 01:20:12 PM

The fact that almost all of the ICO does not have a working project or it is still in alpha, most investors who bought on the ICO will sell it early, weather for instant profit or FUD.

In most of the cases, once a "token" hits exchange for the first time after ICO, the price is always at below ICO price (or even below Pre-ICO price). In here, most investors doesn't have any choice but to wait for that "right" time to dump to take profits etc. And then the "give up" thing will happen, some investors will prefer to make a dump early to minimize the loss. And then for people who got their tokens at outside ICO's (in the means of bounties or any other promotional activities with rewards), surely they will hit that dump button the moment they got their tokens resulting for a bit shake on the market.

Honestly, the main purpose of most people why they are investing on ICO's is about the price and not the technology behind it no matter how good and spectacular it s.

blueangel01

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Hello! Send me a message.

About ICOs,

I will take caution on the ICO myself. I think the opportunity to invest on new project is when they reach the exchange. I plan to buy ETH and hold it until the ratio of the ICO that i want is cheaper. When the ICO reached the exchange it removes a lot of risk of: scam like the other ICO you do not even see in the crytomarketcap; or the contract address being hacked like CDT; or project not being released like Tezos. It also removes the speculation and hype of the the project when it is tested in the market.

The fact that almost all of the ICO does not have a working project or it is still in alpha, most investors who bought on the ICO will sell it early, weather for instant profit or FUD.

Topic: Why I am quitting ICO's - page 42. (Read 6154 times)