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Topic: Why Most ICO's are SCAM ? - page 11. (Read 4491 times)

member
Activity: 100
Merit: 10
July 19, 2017, 09:30:28 AM
#3
Because there are succesful ICO's in the past and so scammers sees this field as money opportunity.
simple as that.
sr. member
Activity: 798
Merit: 250
July 19, 2017, 09:27:25 AM
#2
Because many people buy coin through a beautiful website, create waves in a short time but practically nothing, invest in the crowd.
full member
Activity: 182
Merit: 100
Trader*Investor
July 19, 2017, 09:20:34 AM
#1
Do you know that most of the ICO's are scam .

Well if you don't here are some reasons behind it :-

1.) Most of these ICO's have no business model  Angry
2.) Most of these ICO's would never be profitable  Sad
3.) High Market cap for a project / ICO with no development , code or any past experiences  Tongue
4.) Most of them have a 1 year roadmap which means no vision  Huh
5.) 5 months of hard work and for that they get Millions in funding  Undecided
6.) Dumb people running the shitshow  Grin
7.) Behind the scenes it is all about Money


What makes an ICO legit ?
1.) Working product
2.) Practical Use case
3.) Legit Team
4.) Limited Funding ( Based upon Fair Market valuation )


Why are these days ICO raising so much money ?  Shocked
Answer :- People are dumb and greedy they want to invest in the next ETH , STRATIS , WINGS , EDG , IOTA , XEL but they do not understand that Stratis had less than 1000 contributors and most of these ICO's happened during bear season when most of the people were not active in the scene .

Should I invest in ICO's ?  Huh
Yes , some ICO's are legit and can be good investments such as MobileGo , Edgeless ,  Civic etc which can yield you good ROI in long term but then always due diligence is important .

Should I invest in ICO's with high marketcap ?  Roll Eyes
No , High marketcap means a lot of people have invested in an ICO seeking for quick buck or the ICO team has been dependent on marketing to get more investors which makes a lot of weak hands so when the marketcap is not able to sustain the demand and supply the price will likely go down . When the price goes down is the time to invest but not during the ICO .

I fomo like a noob during ICO as I don't want to miss it .  Cry
Well then you are a fuking sheep who want to buy in today and be a millionaire tomorrow well it does not work that way , you can always buy after it hits the exchange . Always have a good risk management system in place where you are able to manage your risk/reward ratio according to your portfolio .  

Always :- Ask tough questions to the team and you will know the reality  

Best Regards ,
VerthagOG

Everyone is trying to take advantage of the momentum right now. My strategy is the same for all investments whether cryptocurrency, stocks, and startups.

First and foremost:
  • Team
  • Traction
  • Idea / Concept

Team
First and foremost, I invest in people. The questions I ask are:
  • Are these individuals I can trust and share the same values with?
  • What experience does the team have in this space?

Traction
Traction enables me to understand someone's passion, hustle, and results over a period of time. The question I ask here is:
  • What traction has the team achieved over the past quarter, six months, etc?

Idea / Concept
It's never about the idea. It's always about the execution. Hence why this ranks lower than traction. The questions I ask are:
  • What problem does this solve?
  • Is this an idea that I'm passionate about and care offer value to?
  • Is the idea / concept aligned with my values?

The answers to all of these questions give me a good sense on whether or not I should invest.  While it is still possible to make money from momentum investing, I recommend everyone employing due diligence and ask the same questions above prior to making an investment.


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