First, ICO is not an earning site, or a site.
ICO means Initial coin offering, they can do it on a private or a public sale, or even both.
The KYC is not bad, but depends on the project because if you trust them you will comply with the KYC, they are just doing it because they are required to do so, especially if they are regulated and when they are, it's also good for investors as they will be protected.
Topic: Why ICO isn't recommended earning site ? - page 5. (Read 14780 times)
You might be right, many ICO are fail or even scam, and the price after listing is below ICO price. But it doesn't mean every single ICO are in the same way, many of them also succeed and the price after listing are 2-10x it's ICO price. The quality of the project showing their value, do some research before you're investing into something.
Many ICO earning depends on the potential of the project and does not depends on the price of bitcoin at the time, because even in the presence of a heavy price dump in bitcoin good projects still succeeded such project as ripple. The best way not to lose is to study and understand the project you are holding they coin.
investing in ICOs has become more or less just another way of gambling, the sad part is that the time you need to spend searching for an ICO that might could be both legit and successful is probably better invested in doing anything else you're good at.
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.
Strict regulations imposed on ICOs leads into implementation of KYC to it's users. That's normal to those "registered companies". Somehow it will minimized the risk of being sh*t although as a whole, ICO industry is not that interesting today so giving out identity's is not worth at stake.
As a bottom line, try to think outside the box of some ways to get profit in cryptos without engaging into ICOs. That's not really an advisable thing to do especially for newbies. Do not test the waters until you don't understand the risks of putting money here.
Another member was asking yesterday for good ICOs and in the replies many good answers were given: https://bitcointalksearch.org/topic/2019-icos-5118550
I mentioned an interesting article about marketing "strategies" of ICOs how to cheat their rating on ICO rating-websites. It's surprising how easy you can change a scam project into a very well-rated project when you are paying some ETH: https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394
ICO rating websites are the worst place to evaluate ICOs, maybe it's a sign for scam ICOs if they have a good rating there.
I mentioned an interesting article about marketing "strategies" of ICOs how to cheat their rating on ICO rating-websites. It's surprising how easy you can change a scam project into a very well-rated project when you are paying some ETH: https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394
ICO rating websites are the worst place to evaluate ICOs, maybe it's a sign for scam ICOs if they have a good rating there.
Even though if you find a good project it will take lot of time to reap your profits.
That is why every veteran or expert in cryptocurrency analysis would always advice you to have patient.You can just expect a coin to multiple with out giving it some required timing
We can see the reality of new crypto projects so it is nit the right time to invest on it because we may lose our money as well.
Even though if you find a good project it will take lot of time to reap your profits.
Even though if you find a good project it will take lot of time to reap your profits.
Its true that ico projects takes time to coclude token sale and most times distribution, but I doubt that is at problem at all, you must understand thats how they work and only focus on the success of the project, and that's in the aspect of low profit as you mentioned, I do not think anyone would bother about time wasting if the projects comes on an exchange and is above ico price,but sadly it hardly ever happens
It's just that people are already losing interest and trust on ICO as they lose their money and got scammed. I think people had learned the lesson and won't trust again in any of those even it's change from ICO to STO. A total BS.
Me either or mainly BTC, don't wanna give my money to icos that in the end they're the one who have good life,lol!
I'm personally just DCAing into larger alts and BTC.
Me either or mainly BTC, don't wanna give my money to icos that in the end they're the one who have good life,lol!
Submitting KYC for sites other than ICOs can be dangerous as well, with one example being the Blockchain.info $25 XLM giveaway. $25 might seem pretty attractive considering all you have to do is submit a few documents, and there's a relatively low chance your information will ever be sold and/or leaked, but that chance is still there and identity theft can cost you much, much more than $25.
Besides that, we're in still in a bear market. A lot of projects have failed and will continue to fail in these market conditions; really not a great time to invest in ICOs and newer projects as a whole imo. I'm personally just DCAing into larger alts and BTC.
Besides that, we're in still in a bear market. A lot of projects have failed and will continue to fail in these market conditions; really not a great time to invest in ICOs and newer projects as a whole imo. I'm personally just DCAing into larger alts and BTC.
Back to the days on 2016-2017 where ICO are much of the hype and talk. But they were gone now and it's true that most of them are scammy and sketchy that are just filling their pockets through the idea of ICO.
And the idea of investing to ICO will surely give you tremendous return has been changed. Before, the belief of investing into such will give you decent profit but this is the reality ICOs are no longer profitable unless it's true and has legit business relations.
And the idea of investing to ICO will surely give you tremendous return has been changed. Before, the belief of investing into such will give you decent profit but this is the reality ICOs are no longer profitable unless it's true and has legit business relations.
I think this topic is strictly relatives. In general almost any investment is not free from risk, and ICO is just one of them which has a very high risk. As you pointed out on your last sentence, there's some ICO which is good and have a great future, but finding them in this bear market is insanely difficult. Like finding a needle in a haystack.
I think any sane person should know that we should only invest what we can afford to lose, so you should not throw your money around.
I think any sane person should know that we should only invest what we can afford to lose, so you should not throw your money around.
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.
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