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Topic: Why So Many ICOs — What Does It All Mean? - page 4. (Read 1436 times)

full member
Activity: 168
Merit: 100
Too many sprouting ICOs meaning there is a big market that is needed to be addressed. Maybe replacing fiat in the near future and changing the currency I guess. But it is also alarming that with this booming currency, some are taking advantage and are using ICO to scam people, people who are unaware and is taking all risk and invest.
full member
Activity: 868
Merit: 103
*Indonesian Professional Translator and BM*
Thats mean many startup in the world was growth. But to realize that, they need a big fund from investor. So to make it success they begin from promote to invite many investor like ICO participan from social media, press release and others. Also they made a bounty campaign on this forum to know how much people interested with their project.
full member
Activity: 406
Merit: 102
Basically, it means that the ICO market is in a bubble, and will burst.
In fact, I believe it is already bursting.
How many of these ICOs are actually successful?
How many people put money into an ico an lose money or not get what they were promised?
How many of these people will do an ico again?

Right now, ICOs get a lot of money off of those new to crypto with dreams of becoming a quick millionare.
Hmmmmm...where are all those millionares that earned it through an ICO?

Also, it is common knowledge now that you can anticipate the prices to crash below the ICO price after it hits exchanges.

So, basically, just cause there's a lot doesn't mean its good.
In fact, it is quite the opposite.

This is what I try to get a lot of people to understand.
ICOs are too good to be true and it has begun to reveal its true nature.
Soon, it will all blow up in a cloud of smoke.

I agree. Having to many icos available now and very promising ideas but they all end up in smokes. I gave up investing in ico for that same reason. Btc is the only promising coin for me to hold.
full member
Activity: 294
Merit: 114
The world of cryptocurrencies has exploded like never before in 2017. The price of Bitcoin has catapulted to over $7000 for the first time in its history. There has also been an increase in the number of initial coin offerings (ICOs). According to CoinDesk, since Jan 2017, ICOs went from roughly $300 million raised in total since they began in 2014, to $2.7 billion raised as of October.
The so many ICOs explains just one thing: that the blockchain is now a lucrative place to channel one's business to raise money, whether to boost an already existing one or to start up a new one. However, this prevalence has also been fraught with scammers. Not all ICOs are genuine. Some devs are plainly out to scam and run.

Yes, that is so true. Many ICOs are indeed profitable and can give us many advantages in a short time. If Bitcoin can provide a lot of benefits in a few years, there are some ICOs that can give a lot of benefits in just a matter of months. But we have to know that new projects or new ICOs always appear all the time and that's too much. Thus many ICO's are scam or fraud. Many people take advantage of blockchain and the popularity of cryptocurrency as a tool to deceive others. Usually they will be shaped like HYIP, which requires people to invest.

But when there are already many people who invest, ICO owners even run away or do not want to develop its own ICO. They will take our money.
full member
Activity: 406
Merit: 100
The world of cryptocurrencies has exploded like never before in 2017. The price of Bitcoin has catapulted to over $7000 for the first time in its history. There has also been an increase in the number of initial coin offerings (ICOs). According to CoinDesk, since Jan 2017, ICOs went from roughly $300 million raised in total since they began in 2014, to $2.7 billion raised as of October.

Read more about it here
$7,000 for a single Bitcoin is one of the reasons why many altcoins will fail, there will be people that know that the altcoins that they have aren't needed.

Surely btc is the safest coin that we can invest in and I agree that some alts aren't needed but there's still promising projects that will surely bloom and needed in the future.
newbie
Activity: 42
Merit: 0
Basically, it means that the ICO market is in a bubble, and will burst.
In fact, I believe it is already bursting.
How many of these ICOs are actually successful?
How many people put money into an ico an lose money or not get what they were promised?
How many of these people will do an ico again?

Right now, ICOs get a lot of money off of those new to crypto with dreams of becoming a quick millionare.
Hmmmmm...where are all those millionares that earned it through an ICO?

Also, it is common knowledge now that you can anticipate the prices to crash below the ICO price after it hits exchanges.

So, basically, just cause there's a lot doesn't mean its good.
In fact, it is quite the opposite.

This is what I try to get a lot of people to understand.
ICOs are too good to be true and it has begun to reveal its true nature.
Soon, it will all blow up in a cloud of smoke.
full member
Activity: 948
Merit: 110
the development of bitcoin has been running successfully, coupled with altcoin and ico which always support the success of its bitcoin, it is true this is something very good for bitcoin.
full member
Activity: 350
Merit: 107
You must be careful on choosing the right ICO and dont easily invest on it because it is too risky. So if you really want to invest, well exoect the unexpected.
sr. member
Activity: 1890
Merit: 328
The world of cryptocurrencies has exploded like never before in 2017. The price of Bitcoin has catapulted to over $7000 for the first time in its history. There has also been an increase in the number of initial coin offerings (ICOs). According to CoinDesk, since Jan 2017, ICOs went from roughly $300 million raised in total since they began in 2014, to $2.7 billion raised as of October.
The so many ICOs explains just one thing: that the blockchain is now a lucrative place to channel one's business to raise money, whether to boost an already existing one or to start up a new one. However, this prevalence has also been fraught with scammers. Not all ICOs are genuine. Some devs are plainly out to scam and run.
full member
Activity: 378
Merit: 100
Meaning is, that has been a lot of blockchain technology applied to all businesses and projects, because the fundraising mechanism is faster than conventional transaction methods. But there is a problem that must be considered whether the idea of the developer will be sold so that it can be raise the funds!
hero member
Activity: 924
Merit: 506
People need money to raise their kids and provide for their family, One of the easiest ways to do that is through ICO and what we love around here is also quick money, We invest on ICO's because when they are listetd on exchanges we could sell our tokens with profit Cheesy Some times we wait for a long time to trade them and some times we know that we've got scammed, Nothing we can do other than keeping it to ourselves, Because we're the only ones to blame.
legendary
Activity: 1330
Merit: 1003
The world of cryptocurrencies has exploded like never before in 2017. The price of Bitcoin has catapulted to over $7000 for the first time in its history. There has also been an increase in the number of initial coin offerings (ICOs). According to CoinDesk, since Jan 2017, ICOs went from roughly $300 million raised in total since they began in 2014, to $2.7 billion raised as of October.

Read more about it here

Because there are legit projects that really has a clear goal and vision, many shit project ride the wave so that they can established their own ICO - yes to have that special money. If they able to reached the target, then success and up to them if they will push the project or left the money behind.

That's why it's so risky to participate in ICO.

This is precisely the reason I stopped investing in ICOs altogether. It is simply too risky. You need to do so much research and no matter how much you do, there always seems to arise more questions. I am sticking to the big guns - Bitcoin and Ethereum, with the exception of my signature company of course, Angel Token which is a legitimate company and I highly suggest you invest in them because they are 100% REAL and professional.
jr. member
Activity: 49
Merit: 10
ICO is a form of capital mobilization of the starup. It is a very good form but now many ICO projects are formed without good planning, not building the community of interest so go to failure. There are also fraudulent ICO projects. Be careful when investing in ICOs.
member
Activity: 560
Merit: 17
The world of cryptocurrencies has exploded like never before in 2017. The price of Bitcoin has catapulted to over $7000 for the first time in its history. There has also been an increase in the number of initial coin offerings (ICOs). According to CoinDesk, since Jan 2017, ICOs went from roughly $300 million raised in total since they began in 2014, to $2.7 billion raised as of October.

Read more about it here

Industry has exploded and i do not think that we cango much further with ICOs, I think that 2018 will be year of change in this area a lot of ICOS will fail and new icos will be incubated by successful incubators companies to assure their legitimacy,
full member
Activity: 532
Merit: 100
https://www.empirehotels.io/
tips to choose, pay attention to the mission and vision of the project. as well as the collection of funds  Wink
full member
Activity: 246
Merit: 100
It means there is/was too much money going in to them and so people are creating ideas just to try and get an ico going rather than getting ico going to realize their creations.
member
Activity: 154
Merit: 10
Sapien.Network-Beta Platform is Live
New projects as a business  gain more funds  to further finance it and to propel it forward. They do ICOs in the cryptocurrency form to do achieve it with the promise that investors will gain with their rise as well. Unfortunately,  a lot of scammers is doing ICOs just to get investors money and flee. There are still good ICOs out there but it requires some serious studying of these ICOs before investing on them.
member
Activity: 279
Merit: 16
The world of cryptocurrencies has exploded like never before in 2017. The price of Bitcoin has catapulted to over $7000 for the first time in its history. There has also been an increase in the number of initial coin offerings (ICOs). According to CoinDesk, since Jan 2017, ICOs went from roughly $300 million raised in total since they began in 2014, to $2.7 billion raised as of October.

Read more about it here

The ICO market has become incredibly saturated of late, initially there was a rush of good ideas earlier this year and many successful ICOs, this attracted many others to the market and now I believe we have too many ICOs and that's why many are not reaching their targets.
legendary
Activity: 2996
Merit: 1053
Leading Crypto Sports Betting & Casino Platform
Many ICOs means a lot of scam,people are just creating coins just for the money's sake and not developing anything not having a good product and developers means a shit ICO easy money for the developers.
for some reason this one might get it to the right directions, there are so many ico's and so many chances that we will be scam by some devs who's
intentionally wants the money of its investors i probably can say that many of those ico's are just created to be a money making system just like
a ponzi scheme.
sr. member
Activity: 420
Merit: 250
The world of cryptocurrencies has exploded like never before in 2017. The price of Bitcoin has catapulted to over $7000 for the first time in its history. There has also been an increase in the number of initial coin offerings (ICOs). According to CoinDesk, since Jan 2017, ICOs went from roughly $300 million raised in total since they began in 2014, to $2.7 billion raised as of October.

Read more about it here

Don't worry about this, this is an expected situation since we know that blockchain would expand this much and projects are needed for this. Without them, the ecosystem would stay as a small and special thing for minority.
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