Why I am quitting ICO's - page 6. | Bitcointalksearch.org

Opnsrc

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Quote from: sampalokmix on December 22, 2018, 11:52:41 AM

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'

Well, I am just a beginner here and my knowledge were not still enough to go further than being involve and joing ICO'S. I am very grateful for joing signiture campaigns since it helped me at some point of financial assistance and up to now I am still working for making some posts so for the upcoming year I can have a better amoun of profit with exchange to the hardwork I am giving.

Good for you. However, you used to deal with the signature campaigns, and as I understood, you did not invest anything in the ICO. Today, many projects fail, and the investor can lose his money. Thus, I also stay away from ICOs.

bintangkejoraku

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Activity: 262

Merit: 1

https://saturn.black

ico scam is very detrimental to investors and other ico, currently many ico do not reach the target because many investors retire from ico. besides scamers have a very bad impact on bitcoin.

resty

full member

Activity: 501

Merit: 147

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 like your thoughts and ideas, that was very helpful indeed even to the ones that are old users here, i bet they are not knowledgeable about this matter too. We can see it today, a lot of ICOs that are being launched but they have no concrete solution to a specific problem and they are almost the same like what you have said. Maybe now we should be more vigilant as we invest with these ICOs and mindful in our every step.

juperos

member

Activity: 459

Merit: 10

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 very much agree with you on this. some ICO projects flew high on the trading floor but their products were not as good as they said. Since then shows a good and reputable team plus a large fund from angel investors to help that project succeed.

Escf4

jr. member

Activity: 364

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GIGZI - INDEPENDENT WEALTH MANAGEMENT

I really understand why other investors and members of cryotocurrency community are quitting ICO that is because of their experience they encountered between those ICO who are really scams , for which they are making the investors the prey of the scammers who are putting their capital money to ICO and are victims of this ICO scam.

aditasetia123

member

Activity: 464

Merit: 10

Quote from: AlphaGoo on December 26, 2018, 03:14:02 AM

It is wise to withdraw from ICO. I support your decision. I also withdrew from the ICO project. Due to the depreciation of the cryptocurrency market, the investment ICO also has a large depreciation, so ICO may die in the future.

ico projects didnt legit anymore.easy to us suffering loss by investing in ico projects.most of their coins unvalueable when listed in market.and this conditon make cryptocurrency market continously goes down.

AlphaGoo

member

Activity: 396

Merit: 10

It is wise to withdraw from ICO. I support your decision. I also withdrew from the ICO project. Due to the depreciation of the cryptocurrency market, the investment ICO also has a large depreciation, so ICO may die in the future.

makerofall

newbie

Activity: 35

Merit: 0

Quote from: Bitfling on December 22, 2018, 07:06:34 AM

Quote from: Ezenwanyi1 on December 20, 2018, 02:12:14 AM

For the record, all icos are not scam.
There are still good icos that are eveb doing well as regards their icos sales.
So it's left for you to do proper research and investigation to ensure you do not invest in scam icos.

Its true that not all ICOs are scam. Many ICOs reach their target and having good project and solid developers team. I think ICOs need government regulation to reducing scam ICOs and i am believe it will increasing investor confident

Yes if government or any other governmental organization or any trusted institution come to involve and regulate these ICOs then people will be confident for investing in these projects and these projects will also perform well for the future of the crypto.

sampalokmix

full member

Activity: 315

Merit: 100

Investing in the future development of blockchain

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'

Well, I am just a beginner here and my knowledge were not still enough to go further than being involve and joing ICO'S. I am very grateful for joing signiture campaigns since it helped me at some point of financial assistance and up to now I am still working for making some posts so for the upcoming year I can have a better amoun of profit with exchange to the hardwork I am giving.

sapnu

sr. member

Activity: 1050

Merit: 286

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'

We all have different reasons why we are quitting or why we want to quit supporting ICO's. Most of us want to quit because most of the ico's nowadays are scam and most of our efforts are being wasted. Before, ICO's are a good source of income but after the value of bitcoin hit rock bottom, everything went messed up. We have our own choice if we want to still try ICO's or not but we should be wise on it.

tukagero

full member

Activity: 994

Merit: 103

Reasons why i dont want to invest in ico and im already quitting onit its because of most of ico these are scam, fake amount raised after the sale, fake project and fake team members.

sulendra12

hero member

Activity: 2814

Merit: 526

Undeads.com - P2E Runner Game

Quote from: Opnsrc on December 21, 2018, 03:40:05 PM

I understand those people who do it as many ICOs appear to be fake and scam projects. I do not think that it is a good idea to join them, even if an ICO attracts you a lot. Invest, hold and trade - it is better.

Sometimes you have to think out of the box and leave your safe zone, so you can earn money through it. There is no reason to stay at the same spot, even in the real life. Sacrifice is important dude.

eroejoe

member

Activity: 602

Merit: 54

ツ

What do you think, will STO's replace ICO's in 2019?
STO's are more regulated and more "secure" than ICO's.
Do you think that we even need STO's?

rmel0924

member

Activity: 231

Merit: 10

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 am quitting ICOs because I do not have enough money to buy for ICOs, I only work here in crypto business most of the time without giving capital since I really do not have enough capital. One thing is I only waste my money and time for ICOs which do not give good earnings no more. Most of the ICOs now are not profitable. Before it appear in the market or at the the time of their pre-sale the price is already high but when appear in the market the price gets dip. A lot of investors will dump the price so better quit and work for another alternative ways to earn money.

Bitfling

member

Activity: 602

Merit: 10

Quote from: Ezenwanyi1 on December 20, 2018, 02:12:14 AM

For the record, all icos are not scam.
There are still good icos that are eveb doing well as regards their icos sales.
So it's left for you to do proper research and investigation to ensure you do not invest in scam icos.

Its true that not all ICOs are scam. Many ICOs reach their target and having good project and solid developers team. I think ICOs need government regulation to reducing scam ICOs and i am believe it will increasing investor confident

Altf4

member

Activity: 322

Merit: 10

That is very normal for investors who is tired of being victims of scam ICO ,because it is not easy that the capital for your invesyment in ICO will be of waste for your are investing into ICO thay are scams, its really waste of money.

Bobby park

member

Activity: 546

Merit: 24

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 thought you have the enthussiam based on your title but look at the topic you made, it was all cons to the ICO. You are right! ICO's are not profitable nowadays because of the market condition. However, if you have a perfect timing you can make a lot of earnings and happy life. Well, it could be possible once you got the top ICO when it comes to sale.

sclmte

member

Activity: 434

Merit: 10

for me as a bounty hunter who needs something similar to an ICO, indeed I do not really want to surrender even though I'm losing money or scam I am constantly joining an ICO because we have no other choice but an ICO . so it's not all ICO's frustrating, so most ICOs are in good service for bounty hunter. so I have no reason to leave an ICO because a defeat or scam is just a trial in your life. if you're really stable or not, so we still keep on achieving our success ...

Aris novianto

full member

Activity: 448

Merit: 100

I stopped looking for profit in ico because making a profit is very difficult, because making a profit in a prize campaign is very difficult, now I am willing to work in the real world, and also the price of coins in the trading market is declining

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: dupee419 on December 16, 2018, 11:34:26 PM

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.

Of course, now in my own opinion I don't think that this is valid enough for me to quit on ICOs, there are ICOs that are reliable out there, you really just have to be picky on finding the ICO that will fit you and your standards, and I don't think that the ICO would adjust onto you, you will be the one that will have to adjust on making your investments, I hope that after what you have said and what the community has responded to you would make your mind up and go back to investing in ICOs.

we know that every investment has a risk, so does the ICO who has the possibility of scam at the risk, so it's natural that someone is regret and sad when the risk occurs to him. right what you say, this risk will remain. You just need to be selective and picky in sorting out the potential ICO

Topic: Why I am quitting ICO's - page 6. (Read 6154 times)