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Topic: Why ICO isn't recommended earning site ? (Read 14780 times)

hero member
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July 23, 2019, 06:02:42 PM
#94
I haven't heard much about ICOs these days. Seems the era is phasing out. Seriously, ICOs should be regulated and an embargo placed on projects to make sure they deliver on their ICO promises. Most projects to raise funds on ICO and just zoom off ie never get to list on any exchange.
They are about to be exterminated since the investors are changing the ways now and point of view about ICOs. It's hard to change it right now after the saddest year that we've been. Despite of bad market for ICO, there's still another door opening for IEO which is still as good as ICO but there's a guarantee for the token listing.
copper member
Activity: 224
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I haven't heard much about ICOs these days. Seems the era is phasing out. Seriously, ICOs should be regulated and an embargo placed on projects to make sure they deliver on their ICO promises. Most projects to raise funds on ICO and just zoom off ie never get to list on any exchange.
hero member
Activity: 3024
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ICOs are no longer worth it because they failed to fulfill the reason why they were created thereby making IEO to attract more investors on daily basis. By investing in IEO investors no longer worry about the exchange the project will list on etc.
That's the advantage of IEO, there will be assurance that the token will be tradable after the sale. While the ICOs, most of them failed and after the sale it's just about the dev willing to list the token to a good exchange. If ever they list it somewhere, it's about time for them to step out to the project and take the cash with them. The worse part, is that the project can't even be traced because it's a scam.
full member
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1. Low Profit
If speaking of profits, surely every profit will be different in each project we invest. It can be low or high, depending on how the project is.

2. Wasting Time
Indeed there are ICO projects like this and some are consistent from the start. Suppose they have determined the ICO period is 60 days, so that 60 days they did the ICO.

3. Most of ICO are scam
This is the problem that is happening now. That there are many people who do not really believe in the ICO because there are very many ICO scams from 2018 to 2019.

4. Most of ICO need KYC
If it is related to KYC, I might not want to give a long comment. Because some projects do require that for all investors who want to invest.

copper member
Activity: 966
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ICOs are no longer worth it because they failed to fulfill the reason why they were created thereby making IEO to attract more investors on daily basis. By investing in IEO investors no longer worry about the exchange the project will list on etc.
hero member
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Investing in ICO is not for earning money. They are not the only way to fast earning money.
If you are thinking to invest in ICO, then you should already know what will the project gives to you. Is it beneficial or not?
yes real products that you have to see and they are already running and have great support. it will help us choose the ICO project. now there may be an IEO, but I don't think it's better than ICO. it's just like a scammer.
They are all just the same when it comes to product delivery where majority of them do still into their imaginary roadmap completion.
The difference with IEO is that its already being listed on exchangers once it launch which for ICO cant be done and also making yourself into
the list of buyers is too lit.
copper member
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Well, ICOs had their time from which most projects developed good products and others scam investors. The truth is many of ICO projects scam investors, yet to list nor showcase any good products thus the reason why IEO is over shadowing the entire market. In IEOs, there is no need to worry about listing nor scam unlike in ICO.
member
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Investing in ICO is not for earning money. They are not the only way to fast earning money.
If you are thinking to invest in ICO, then you should already know what will the project gives to you. Is it beneficial or not?
copper member
Activity: 280
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You are right,  there is no ROI anymore in ICOs. When I see projects talking about doing ICOs I really don't take them serious anymore because it's already presumed that that it will fail.
member
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I do not agree with you my friend. Have you seen recent IEOs that took place on Binance or Huobi? All of them got at least x10 from the token sale price, so token sales are still profitable, you just need to search for great projects.
member
Activity: 476
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Participating in an ICO is such big loss for now if you not really got knowledge in crypto investments. Investors tend to loss their money, but if you knowledge enough with this matter. There will be no problem because few projects are still legit. After listing the price goes up,  but you make sure to sell at the right time. The worse case here is that projects is having a bad time when it is already in exchanges.
member
Activity: 546
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I have never treated ICO as an opportunity to earn, but rather as an investment in an interesting project, so I carefully studied the options, in the end, now I am in the black.
legendary
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ICOs were a very good instrument in 2017. Easy money, fast profits etc. Now it's quite difficult to earn here. IEOs gave a second wind to this market lately, but this is not enough for me to get back here. Not now, maybe when the bull market comes back.
full member
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KYC, Extension is not a problem, because it is needed when scammers are trying to steal or compromise your portfolio and extension happens because of the bear market. But the main problem is scam and cheating! Some successful ICO project cheated with the community after reaching the softcap, after months of sale, when they reach soft cap, they brought excuse and suggest investors take back money when ETH price was down 60% already! Therefore, 90% of ICOs are scam or semi-scam and shit, then why people recommend this garbage anymore? People should support only the real project!
full member
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All of us on this forum need ICOs or ther altcoins. Why? Because they are giving us money for promotions, here, on this forum or on other social media sites.
We could love Bitcoin, but think also about the market that is around altcoins and ICOs, that is a market where we are earning more Bitcoins.  Smiley
legendary
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A lot of market participants behave irrationally time and time again, so the reason for speculative action in the wake of an ICO or IEO is not always the project team's greed, unreliability etc., but the consistent tendency of some people to hope to capitalize on outsized profits in short time frames...
copper member
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Just want to comment out that ICO is just a waste of time, for whom? for those who are promoting it? or for the team that is doing their best to make their roadmap happen? I guess for a crypto enthusiast, if they really want to achieve something, then time might be a good investment. No negative implications it can bring.
hero member
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I hope you can understand my bad grammar and bad english

When Bitcoin price idump, its difficult to get profit in ICO and some of ICO is fail.
This is reason why ICO isn't recommended to earning.

1. Low Profit

Most of ICO when their token listed in Market/Exchange, that price is always under ICO price. There are 2 ways to escape. Sell with low price and small loss or Hold and wait their price pump.

2. Wasting Time

Every ICO have time to open their token sale. They will close their token sale if hit their target. Some of token sale is take up 30,45 or 90 days. Some of ICO will not stoo their token sale if not hit target. After recieved tokens, they need to listing in exchange so, you must wait again. Better if they not lock that token long time.

3. Most of ICO are scam

Its difficult to see good and real ICO. You can't predict what ICO will giving huge profit and success. Not all success ICO is trusted, they can scam too.

4. Most of ICO need KYC

Some ICO is need KYC to make their security save from buyers. But, giving your identity its dangerous and not all ICO will keep save your Identity safe.

That's only my reason why i didn't trust some ICO again.
right. But I think the IEO is just a temporary trend, the ICO is forever. When IEO detonates bubbles, everything will be repositioned.
sr. member
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I hope you can understand my bad grammar and bad english

When Bitcoin price idump, its difficult to get profit in ICO and some of ICO is fail.
This is reason why ICO isn't recommended to earning.

1. Low Profit

Most of ICO when their token listed in Market/Exchange, that price is always under ICO price. There are 2 ways to escape. Sell with low price and small loss or Hold and wait their price pump.

2. Wasting Time

Every ICO have time to open their token sale. They will close their token sale if hit their target. Some of token sale is take up 30,45 or 90 days. Some of ICO will not stoo their token sale if not hit target. After recieved tokens, they need to listing in exchange so, you must wait again. Better if they not lock that token long time.

3. Most of ICO are scam

Its difficult to see good and real ICO. You can't predict what ICO will giving huge profit and success. Not all success ICO is trusted, they can scam too.

4. Most of ICO need KYC

Some ICO is need KYC to make their security save from buyers. But, giving your identity its dangerous and not all ICO will keep save your Identity safe.

That's only my reason why i didn't trust some ICO again.
It is also my reason why I quit on ICO's .
Most of them are scam or if not they would just be dump when they hit the exchange, They couldn't even reach their ICO price when they got listed.
hero member
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ICO can be an additional way of earning but not the main and you may afford to spend some money for investing - only a little part from your savings or income.
Its sort of little profit to nothing these days. I advise before investing to it, make sure that you are ready to lose with that money.

Its rare nowadays to find those ICOs thats likely to hit the soft or hard cap. Like the OP said, many today will just waste your time and probably scam you.
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