Bitcoin Forum

Hi Guys.
In the last few days I'm studying 10 hour a day this new world of cryptocurrency.
I came into the ICO thing.
Now i'm just wonderting one thing...
I've seen that since the ICO, some crypto have gaines ridicolous % like 40.000% (Stratis), 20.000% (Ark), 7.000% (QTUM), 6.000% (Lisk) and so on.

I think I can't understand how this work probably.

Does it mean that if I invested 10.000 euros in Stratis ICO, now I will have 4 Millions Euros ?
I don't think it's possible, I can't believe something so easy to get rich exist in this world.

I've been though that you have to work hard, create companies, give value to people and so on in order to get rich. Are all those bullshit ?
I'm kind of shocked. Do you know anybody who become really rich with this cryptocurrency things or those are just legends ?

I've also read somewhere that most of Crypto who get those bumps, is just because you can't convert them in real money and just use them in some close marketplace and so on.

Somebody is so kind to explain to a newbie how does this work ?
I've also seen the bitconnect scam thing... seen videos on youtube about guys making tons of money with that, how this is possible ?

Many people have become wealthy with Bitcoin and other cryptocurrencies. Charts show it and everything is clear. But now it's no longer that easy. for now investing in ICOs is more risky. You might lose your money. Those who are rich now with cryptocurrencies are people that believed it when no one knew it or paid attention to it.
If you are new to cryptocurrencies, know that you can make huge money with it, But it is not easy, It needs much efforts and patience.  

So it's true. Yeah I know but it's really crazy that.
I will study and study and study until I'll get the right one. Thank you so much :)

It's simple think of ICO like a easy version of IPO , people offer shares for their project , u buy the share for a price , but the price is fixed by the dev , the price may not be what market values , so it may be having a lower price after it hit exchanges

You have to be careful. Do your own diligent research and dive deep into your research before you invest. There are some very good investment opportunities but their are many more opportunities to lose your funds. Find the project that you understand and can be confident that your research is sound and accurate. Even the most promising projects are prone to failure, but if you pick the right project it has the potential to make you very wealthy. Research, understanding, and sound investment are your best tools so use them diligently.

Having to focus on ICOs of altcoins is actually another area very good you can earn good cash. But just like stated, one needs quite some time to really read through their whitepaper. There you get to fully understand what the projects are all about and the people behind the project. You can also visit threads and social media platforms to check and see the Attitude of buyers of the ICO. This can help tell if the ICO will be a success or not.

They never gained so much. Lisk never made 6000%.

Yeah it really works, myself holded couple of times coins which would be now worth hundred of thousand of dollars.
Well the problem is you always sell to low you have to HODL but when you HODL to long you are out...

Basically yeah thats it, btw for making companies and getting rich is also a possibility. It's not like if you have a company you do waaaay more just be smart.
Hard work never pays only smart work does.

Put in pennies and wait for them to turn into dollars. 

So many ICO threads, I think I understand why people are drawn to them.
They see the how crazy bitcoin haw increased in value and wish they could have gotten in a couple years ago or even just last year.
People think that if they put money into a new project, get in when its cheap, they can hit it big like if they would have invested in BTC earlier.
Here are some things to consider:

-The current ICO market is oversaturated, too many and also too many for profit investors looking for a quick buck.  It's at the point where you can get a coin or token for below ICO price after it hits exchanges and everyone dumps their coin.

-Any reputable ICO will most likely exclude U.S. and Singaporean citizens and residents.

-bitcointalk is full of people claiming that "so and so coin" or "so and so ICO" is going to be the next big thing.  I would take any subjective opinions here with a very, very, very tiny grain of salt.

Sometimes many things are avoided
because of the high demand, a coin today is only $ 0.5, but in 1 day could be $ 4 or more
if the trend of demand continues increasing day by day, it could be within 30 days to be worth $ 200
but there are also vice versa, some coin fail after ico and become "deadcoin", coin isn't worth at all

How did you do the computation? If you invested 10,000 Euros in Stratis ICO and it now gained 40% value increase from ICO price, then that would only be 14,000 Euros and not 4 million Euros. Anyway, what you think is impossible is possible here in the crypto world. Growth is not just on the 40% level, there are many others that went as high as 100% or 200% in price growth in a very small fraction of time.

It means that if you managed to pick the right ICO, and you allowed your funds to grow that yes your coins would be valued that highly. That being said probably less than 10% of ICOs are from legitimate companies, and maybe 1% have a hope in hell as they have a good team behind it, and a real-world business plan versus a whitepaper that they paid someone on fiverr to write.

What we should realize is the real ICO too needs a long period of time to deliver on our investment. It's the scam ICOs that pump like crazy within few times after getting into the exchange.

Yes, I agree with you, we must be more careful and thorough in choosing the ICO that we will follow. Because ICO there is a good and also a scam.Kita must note and find out who develepornya.Pilihlah ICO that you understand, of course with precise, meticulous and that patience will be your key to success

before going into the topic I want to say something that "not all business will succeed and not all will fail", if you invest in a ico thing to do is learn the purpose of ico (new company), for what in making the company. how its potential, if you look at a company making a platform that its consumers the whole world community is certainly very profitable, but if it is not in the allocation to the community a little profit opportunity then that will cause ICO to fail. you can get an investment advantage like you said, but you should see the potential of the project (ICO) first

That will take almost a year and we must be patient to see about the chart of the altcoin will get hammer anytime. i hold 10k iconomi and i sold them at $3 for each token and that's your point.

Well I don't like putting pennies in and waiting for dollars. Better put some dollars in and wait for multi dollars.

I believe that is 40,000% for Stratis, which would be right. 

Read:

3 kinds of ICOs - Protect Yourself
https://bitcointalk.org/index.php?topic=2243157

Initial Coin Offerings, also known as ICOs is the cryptocurrency version of crowdfunding and are a part of the crypto world that is most likely here to stay. It's one of the easiest and most efficient methods for companies and individuals to fund their projects and for regular users to invest in projects they see value in. An Initial Coin Offering is an event that usually extends over a period of one week or more and in which everyone is allowed to purchase newly issued tokens in exchange for established cryptocurrencies like Bitcoin or Ether. 

Its very simple. Developer just announces the price of each share of the company before the same hits the exchanges. We know after that what happens based on the volatality & performance of the company. I suggest we all buy very small buy ICO's in pennies and convert them to good profits to avoid any risk and also people like me and others who cant afford to buy big value ICO's. I still think the digital market is gonna make people rich in the near future if this kind of trend continues.

The huge number of ico's nd their risks are driving me crazy. I studied a lot of ico and i can't see a single promising project to invest some money.

You're looking at the winners. The majority are losers. There are over 800 coins. You cherry picked.

The main mechanisms of the projects depend on what you get for investment. it can be shares, product or redeemable coins.

Very good read! Impressed what some users do here.

But in in general I would add more categories for the Legitimate ICO when it comes to the "return of money".

 ;D ;D

Next ICO that has to go up in value - read the whitepaper and research the industry.

ASSETRON ENERGY Token Sale is on now - an Australian company developing a blockchain p2p Investments platform for renewable energy.

This project will not only make it affordable for business or community to afford their own renewable energy - especially when they can't get a loan (ones that pay more than 10k USD per quarter in power)

The investors will receive passive income from their investments, which is also done through cryptocurrency - so lower taxes, fees and more profits.

https://bitcointalk.org/index.php?topic=2278331

Blabalba Its just advertisment to many ICO to many project its overcrowded thats how it is!

I've heard that is quite simple. You give millions of dollars to someone that doesn't have a working product, and very often not even a prototype, and there is no institution enforcing them to deliver, so you depend on their goodwill.

But you might hear different descriptions of how it works. ::)

You are thinking in totally positive way , here you need to think negative way also because in These days lots of ICOs are running and we are here have full confusion before the analysis and research that which one of them.is better .
Few ICOs may be scam , but most of them are legit .
But here another truth I would like to tell you is that if you will invest in the ICOs project then you should have more patience than what we need in the case of the altcoins investment . Because sometimes ICOs project take long time to launch the project fully .

haha, don't surprise, man! When you invest in tokens with new ICOs, that means you trust in the project and the team. You pay "opportunity cost" and you will get big success. If not, you lose all your money. That's the rule.  ;)

Ico are a get rich quick scheme for alot of these projects. Doesnt mean there arent very good projects out there.
But pretty much its a new generation of crowdsfunding for start up company. If you ask me though, the amount they are raising is just crazy, what happened to valuations of company? Seems like a company with a whitepaper is valuation is in the 8 digits these days.