Topic: Why I am quitting ICO's - page 43. (Read 6154 times)
agree! for the last 2 months I can not withdraw the invested money from the ICO. The situation scares me, but I understand that as soon as the market starts to grow, all projects will come alive, and everything will be fine. It takes a little longer.
Have you managed to make any profits at all from your ICO investments? If you only invested in December, it's too soon to tell whether a coin will perform or not. You have to help things along by building a community, ensuring that the coins are listed on many exchanges etc, and it's hard work.
What exchanges do you recommend for just-after-ICO startup if not Etherdelta or Hitbtc?
EtherDelta is usually by far the best place to get tokens at an absolute bargain price, since pre-ico/pre-sale participants usually dump there first. IDEX is similar but often a tad more expensive already.
Hitbtc, Rightbtc and the likes are perhaps not the best place to buy cheap, since getting those tokens out of there is often not that easy, but also not without a hefty transfer fee.
Once on the bigger exchanges like Kucoin, Binance, OKEx, Bitfinex etc you will still be able to buy cheap, but often only after the first peak has passed (usually a launch at these exchanges will lead to a sharp increase, followed by a dump....though this is not always the case, you may be left out if you wait too long).
As for EtherDelta, it seems to be offline at the moment (which is weird for a decentralized exchange
)...
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.
That's right, there are too many ICOs. And I don't need to point out again about how we suffer to pick a trustworthy one. Facebook already banned ICO. I don't want to just abandoned the idea of ICO but I must even if I don't want to.
Have you managed to make any profits at all from your ICO investments? If you only invested in December, it's too soon to tell whether a coin will perform or not. You have to help things along by building a community, ensuring that the coins are listed on many exchanges etc, and it's hard work.
What exchanges do you recommend for just-after-ICO startup if not Etherdelta or Hitbtc?
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! 
I am not a whale . I spread out that 5 eth over several highly sought after ICO's (like DADI, Beetoken, Wepower etc). It's not that I already am at a big loss, and I am sure things will turn for the better later on when those projects are more successful. However, I could have bought significantly more tokens per ICO if I had waited until they were available at exchanges like ED or IDEX (and even the regular ones).
So far I don't think I chose obvious scam ICO's, but I did have higher hopes. Anyway, I am not complaining about the performance of the ICO's I chose, it's more that I decided to only go for actual gems.
Maybe, if in the near future those sharing poules are risk-free, I may consider joining those in order to get in at pre-sale or earlier....but tbh, I don't think so as then I will simply just be a part of something that doesn't work proper in the first place (i.e. whales dropping loads right after launch at exchanges).
. I spread out that 5 eth over several highly sought after ICO's (like DADI, Beetoken, Wepower etc). It's not that I already am at a big loss, and I am sure things will turn for the better later on when those projects are more successful. However, I could have bought significantly more tokens per ICO if I had waited until they were available at exchanges like ED or IDEX (and even the regular ones). So far I don't think I chose obvious scam ICO's, but I did have higher hopes
. Anyway, I am not complaining about the performance of the ICO's I chose, it's more that I decided to only go for actual gems. Maybe, if in the near future those sharing poules are risk-free, I may consider joining those in order to get in at pre-sale or earlier....but tbh, I don't think so as then I will simply just be a part of something that doesn't work proper in the first place (i.e. whales dropping loads right after launch at exchanges).
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'
Be glad it only took you 5 ETH and a few months to realize that, many after losing their money in icos double down on their mistake and keep investing in projects that are very shady, I have decided to stop investing in icos and will concentrate in alts with low market cap since I have noticed the same, the amount of money the devs want to get is simply too high and after the ico there is no room to grow so you can easily get 3 or 4 times the amount of tokens in the open market for the same price you could have paid at the ico phase. 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'
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.
Yep, ICO is really good but there are so many scammers are trying to take advanage of ICO to scam people. They often create some ICO project with good WP, roadmap, good dev team and private deposit address is the most important thing 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.
. These project are often widely advertised and when they got enough money, they will disappear with all the money of investors 
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.
- 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.
You listed a lot of reasons there. I also don't invest much there because there are so many actually. It is time consuming to research about all then choose some for investment. Not worth my time for sure.
Have you managed to make any profits at all from your ICO investments? If you only invested in December, it's too soon to tell whether a coin will perform or not. You have to help things along by building a community, ensuring that the coins are listed on many exchanges etc, and it's hard work.
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.
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.
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 thing is that we learn along the way.
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'
I surely agree with you that there are so many ICOs that are coming out right now without even a unique product or anything, they just want to make money from investors.
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'
Perhaps You should have chosen an ICO with initially small capitalization, high ratings and big bonuses. 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'
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.
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.
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'
Investment is really risks taking job. Sometimes you loose and sometimes you win. Your statements are true and valid. There are many ICOs now and most of them are hanging once they finish the sales. What happens next after that seems too difficult to predict because most of their roadmaps are too ambitious. Also, the tokens are too large in which, very cheap when traded or sold.
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.
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