Bitcoin Forum

When investing in ICOs, are there times when you invest for a high ROI but don't really care for the cause behind the project? Or do you only invest when you believe the project has a strong use case and feel personally attached?

I am new to BitcoinTalk but I am not new to investing. With all my investments, my criteria is whether I believe in the idea and whether it is something the world needs. In other words, if I don't feel personally invested in the idea, then I won't be investing my money.

For example, there is a new project called Protex (http://www.protexproject.io/) and I invested in their pre-sale because I believe they are going to solve a major issue the entire world has. They are a data security company that will give the power of data back to the users instead of large corporations. All while essentially eliminate data breaches. With a platform that will positively affect everyday of my life, it is easy to be invested in them.

But I want to know your thoughts! In it just for the money?

To be honest, I am in it for the money in every aspect :)

Well, I wouldnt join anything if it clearly was illegal and/or morally wrong stuff. But other than that its for the potential money :)

I only invest in reliable and trustworthy projects. Some of such projects do start to operate soon while some takes years. But the best thing about these projects is, they don't pump and dump large.

I have done this just for the money - speculating as best as possible. The thing is I have stopped this. Its time consuming and often is not very profitable.

I now look carefully for an ICO and invest in it.

I am following 3-4 ICO for november. They are all real businesses and already running. I choose real projects not shitty dreams like super computer or changing the world etc.
Find and follow until the pre-sale start date. And i usually join the pre-sale stage cause of bonus strtucture.

I am here to earn some money. When I invest in some project, I do a research about it. Is it something that will improve todays life, will it ease some processes, is it inovative?. These are things that I look for. Also good team should be behind that. In any case it should have a story that I can understand and for which I think it will bring some improvements. If it looks like scam or something that is illegal, I am staying out of that. So it is about the money but something that I believe it has a strong use case and a future.

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Ohw I get it, follow the money. I'd suggest that try to learn the technical aspect as well. I bet you would liquidate as fast as you can when your country declared bitcoin illegal. This project need smart people, not sheeps. Kindly reevaluate your position.

I love real world usage of some coins or projects. For example projects with real world workplace rent options were great. Or decentralized exchange projects like coss are great. But anyways I am still in it mostly for money & profits. Yes I support bitcoin more and will never stop holding it but truth is I am profit seeker.

All about the money in this time, everybody in competition to get the money as much as they can. Money can be determined as an important aspect in our life. Because if you are need everything and you must pay it with your money. Just like those are flipping their money through ico.

I really enjoy the financial benefits that comes with it but thats not why I do it. I want to be apart of something that has the potential to change the world. I believe that blockchain is the future and these new ICO's are offering you the chance to be apart of it.

When I buy into an ICO I have to believe in the concept/product. "Will this company make a difference and/or make our lives better and easier?" After that is made evident I really study the whitepaper to make sure there isn't anything sketchy.

Right now I am looking into a few ICO's involved with data security because I think it is becoming a significant issue in todays society. While looking I came across a project called Protex. They are offering a secure way of exchanging your data and keeping it safe. So if you want to start getting into altcoins I hope this helps. And if you wanted to look into Protex here is the link to there website.

http://www.protexproject.io/ (http://www.protexproject.io/)

->I highly suggest reading there whitepaper. It was done very well and it allows you to envision there platform becoming an actual solution

No i don't invested in the due to the money only, i was bought business, new innovation,  or something solutions on digital currency, investment in the ICOs are mean i am becoming an investor, it is based on the fundamental of projects and for long time investment, i don't think invested in ICOs it just for the money, i am thinking about the money just in trading altcoins activity ( short term investment in  trading is not on ICOs projects).

When I buy/sell/trade cryptocurrencies and ICOs, I'm all about the money.

BUT:

I'm in it for the long run. And that's where "ideology" or however you wanna call it comes into play. Because, a lot of ICO projects are cash grab schemes or outright scams, which hurt the reputation of blockchain technology. That is not sustainable in the long run and I try to avoid these.

For one, I don't want those dicks get rewarded for coming up with bullshit ideas, when their success indicates, that they could use their time and energy to contribute to something actually worthwhile. Give them money and they'll do it again. And again. And so on.

For another, I am not a good trader and see myself getting stuck in uncomfortable positions from time to time. If I do, I don't want to completely rely on some market manipulator to pump an already dead shitcoin, just so I can find a nice exit. Sitting on coins with active devs and a community that knows more than "when moon?" let's me sleep better.

Looking for good projects and avoiding pump and dump garbage actually has nothing to do with ideology, it's a matter of the timeframe you apply.

To be honest, I am collecting Bitcoin just for the benefit of the money generated. I'm not sure about the true value of Bitcoin, I just use the rising Bitcoin price to benefit from the investment.

Some people collect Bitcoin because they believe that Bitcoin will be the most influential currency for the future of the world. Some say that Bitcoin will be a tool of transactions that replace cash. But I do not think that far, now I just take advantage of the benefits that can be obtained from the Bitcoin price alone.

Good and valid point. I'm pretty sure that a substantial majority only buys into Alts to earn more Bitcoin.

But that is Bitcoins one big thing, isn't it. Other currencies are about, I don't know, managing parking spots, decentralized Internet, white hat hacker markets and so on, but Bitcoin is, first and foremost, a value storage and transfer tool. That's all there is. Therefore, being in Bitcoin "just for the money" is exactly what it is about, not to mention, that you have to believe in Bitcoins success, at least in the short term. Otherwise, You wouldn't put your hard earned money at stake, right?
Even those seeing Bitcoin as the future while traditional monetary systems will eventually fail, are "in it for the money", because they are looking at protecting their savings in a way that they deem right.

TL;DR:
Being in for the money isn't a bad thing, because mostly, this IS about the money.

But:

On the other hand, I see a lot of use cases dismissed, because it is not viable to have a monetary system associated with them, such as private blockchains, really good digital identity solutions, social networks and so on.
I see a danger here of companies taking over these sectors, eventually cutting off private efforts (be it by patent trolling or just overpowering media presence). This would be a pity, because non-monetary blockchain technology is a huge field with immense potential. Sadly, the fact that there is no short-term gains to be made prevents it from entering the limelight.

This is where the blockchain community runs short and doesn't realize, that a huge sector remains uncharted. This is especially aggravating, since blockchain technology relies heavily on non-profit oriented projects; Linux as an OS is a common choice amongst blockchainers, for good reason. The same is true for the whole opensource spirit as a whole, which is absolutely essential for crypto and blockchain technology.

TL;DR (II):
By focussing on money making, the blockchain community misses a huge variety of blockchain applications, leaving the field to well-funded, established and profit driven companies.

Well... I guess that you have to believe in the project as otherwise it won't work if there is no benefiting usage for your very self

I am a mix of both. Yes I look at crypto as an investment and a great way to gain. But I also like the ideas of crypto. With how currency currently is, I can see crypto being a huge change and improvement. Also crypto is nice because of the different sectors and services it can provide.

I am pretty new to ICO's but i go with a project that I think will do something good for society / business.

Right now this is just a way to broaden my horizons and i am not looking to gain millions. If i do it's a nice added bonus!

I am in the same boat.

I think it is very sweet you invest in the project which you find important for humanity. At least this is a good strategy, because if you don't gain profit in such a case you know you tried to make this world better. Does such strategy give you profit mostly?
I think most of people here invest in the project regardless to its idea and focusing on money. I invest in the coins I like for their projects but sometimes I also buy something just to earn some money while selling it afterwards.
Yeah, I agree about the morally wrong and illegal part. I never invest in projects which I myself find unappealing like currencies for paying webcams with young girls or used specifically to buy weapon, fake money or drugs. At these cases I don't care how profitable they might be, I just can't invest in them.

These are all great responses and too be honest, I didn't expect such a mix of reactions. I love hearing what everyone has to say. This is great  :)

I'm here to help contribute to making a difference, putting an end to capitalism and giving the power back to the people....jk i'm in it for the dolla dolla bill

Basically, most of the contributiors in an ICO is in it for the money.
Some projects usually linger a long period of time before completion, only a few investors are likely to stay that long.
Am mostly about the speculation and getting the money from it.  :)

Well, most investors in ICO ofcourse aim for a money rather in it just for money. Before investing we need to make sure that we could earn profit ofcoure. We dont like stay long for nothing and gaining nothing.

I was initially dragged into crypto space not for money but then my goal changed after all the ICO hype and I was hoping to make the best of the money making opportunity, which I learned some painful lessons at a later stage. For now, I just want to enjoy this piece of history and see how it goes, if I can make some money then great, if I can't just happy to be part of the history

Just today i was thinking about this!!
and i got to conclusion that i am here first of all for the Tech!
when i invest in projects that i believe in their tech, i am confident!!
when i invested and it was just for the money, i lost this confident..

No it is not just for money ,in bitcoin you can have your experience and job. That is why bitcoin is not just for money. Bitcoin is also about enjoying your life with your family while working an earning so much money using the less of your time and the less of your effort. That is why bitcoin is so essential

I would say 95% of the people do it for the money and don't care about the projects. I have a 4 projects that I really care about but others I get in and out for the money.

90% of the people who invest in ICOs including me are usually in just for the profits.
Nothing else.

Even if the project is amazing bla bla bla but still what's important is: Will I make money over here or check another one ?

In my opinion I believe that when investing is very important that the project you like and you see a beneficial end but there is another thing that should be linked to this, is to know who are the ones who will develop it who make up part of the team, meet them and look for them in the networks and if they are people who are attentive to answer every doubt that we have.

Great answers everyone! Along with losing money, is there ever a feeling of disappointment when a project doesn't turn out successful? Of course everyone hates losing money, but are there times when you're disappointed that the tech won't be available to the public at full scale?

Well the reason we invest is for the money, but still before I invest on an ICO or any type of investment it is important that you research about the company. Thats for investing only for trading it is totally different as long as it seems that i will make a profit, i will buy it.

I only invested in two ICO and hoping to have a great ROI.

I think everybody is in it for the money but just for the money? No not me and I dont even like many ICOs to begin with. I invest sparingly into ICOs because you generally get failed promises and nothing more

It is not the money that attracted me to cryptocurrencies at first. I really believe in the technology and potential it has to disrupt our society and economy in the future, money is just an added bonus we can (hopefully) earn on the way there :)

Most people here would be considering the bounty as their priority over the cause of the project they are promoting. It is not really bad because they are here to receive bounty in return to their tasks. But it would be much better if their hearts and minds are also where their project is. I am personally a believer of the project whose signature I am wearing right now. Aside from the bounty that I am expecting, I strongly agree with their main objectives. 

Yeah for real, people build business to earn profit.Like ICO if its successful then it will be alot of profit to be earn.There really thinking of the money but in a way that ina good for humanity.

While I have put in some money hoping to gain a profit, I am also extremely interested in the tech. Getting to watch it grow and evolve is exciting and I will hopefully get to use it in the near future in one way or another for a legitimate reason. Exciting times. Worried about the amount of scams and shit coins floating out there. Hopefully they get weeded out and the real coins and tokens survive.

I like the tech that drives Cryptocurrency.  I find it fascinating.  However, I would probably think better if I were driving a Lamborghini. Seriously though, any disruptive tech that challenges the status quo is okay by me.

Of course when investing you would love a great ROI but I was interested to see if that's the main criteria people are looking for. I love the mix reaction and people are as invested in the tech as they are the profits.

It's a business so when you invest, you are expecting roi. I know it's not just an investment and it promises a greater use  in the future technology but  the bottom line is still the profit. The profit is what both drives the devs and the investors to do it.

I believe that it not about all,  when I choose the project for investment, I look what is its purpose, what it can give a new, unique to the world, how can it changes the human world..

I suppose I am in mostly for money, but with ethical restraints. If I think something is unethical I won't get involved even if it would make profit. But then I don't evaluate every project from an ethical perspective, it's just those that clearly stand out as wrong for me.

If you choose a good ICO, investing can make you richer, but if not you can just lost your money. You should have some point that are significant for you in choosing ICO. About Idea i think you should have to things in your mined - Are people need this idea? Do I understand it? If you have two YES, goes to list how to understand that ICO isn't a Scam. my list - Team and it background, Timeline of projects a clearly and easily to understand, Have partnership with fonds or organizations, in WP there is information abt amount of money to each stage, Good support in social media, and good customer service in official resources. Due to this reasons I choose Confideal and waiting for start their ICO

I always follow a few ICOs on a regular basis. yes, there is a lot of scams but there are a lot good ICOs also. Yes, I invest in legit ICOs.

Of course. The sole purpose for anyone doing this is to earn money. But at the same time you learn about cryptocurrencies and the potential of them.

Sometimes it is not easy to find a good ICO but if you really are accustomed in ico participation then it is much easier fo find legit or not. Because their are always releases almost everyday in the market and depending if they are mine-able or not they could increase in prices. Because even if they are released in the market they dont really standout until their are some investors who make a good news out of that coin.

The money is not really that big at this point, it's much more about the perspective. And yes, the purpose and motivation behind a project is sometimes really important. I've invested in a couple of ICO's just because I think those enterprises strive for something I care for.

The answer would be simple, its yes many of them including me are here for making money and that matter is return on investment for which lots of research and lots of pros and cons have to be understood to really make good money. I still see good technical aspects for any project would give them good investors and good returns as well , thats how the projects are becoming successful. I would look this way study the project details , if we all find it worthy take a decision and move on, else look for some other project.

Not only you, have I thought everyone here comes for the money. There may be some other reasons for every other individual but for me too, I prefer to come here just for earning money. These coins have shown such great shine of profits that we are unable to control. Methods for earning are much easier, just need some focus and observations so that we can earn more than we actually expected.

that's kinda the big issue in the crypto world really, and the reason we are seeing the SEC freaking out and going bananas. It's because a lot of people, as you've mentioned, don't care about the idea behind the project and the real "value" and impact it might provide in the future, but care monstly about making a short term profit. Your approach to the situation looks good, and I believe you should invest in what you trust in. The profits will come with time and you should always look at the long term, the horizon. The industry is still quite new and there aren't many user around to get these service going, but in a couple of year thing will be different, and you might be handsomely rewarded if you'll be invested during that time.

most of us is join into one ico or several ico is because for the money like you said. we want to grow our money amount with investing in the ico which we know will give us some nice profit although not all of the ico will gets success in their journey. but it is hard to choose the good ico if we don't know anything about the roadmap and the benefits from that ico. we need to have research more details about their project so we know that the project will gets their success in the long term.

Talking about money is endless as if life is just making money. In the real world we leave very early only a few cents. Here in the crypto world we are looking for new coins to trade for profit, it is great because we are all in the forum. By the way we can know how to sell and buy and invest then we have a bitcoin business opportunity to earn money.

Of course I'm in for the money. Imagine how many ICO's and projects have failed goals and if I ended up trusting their cause first, I'll end up in the gutter haha.

well generally the project which has a good way of going about things normally has long term success which means you get more money. So I do care about the project.

I would like to think that money is an incentive of investing in crypto currencies, especially bitcoin. Most early investors of bitcoin had realized that centralised organizations(govts or banks) manipulate the fiat currency as per their liking and santoshi(may god bless him/them) gave us the most potent weapon to take this power away from these organizations. If bitcoin is mass adopted, I see peace, progress and harmony among individuals living in different parts of the globe.

Well it is about currencies so it is inherently linked to making money.
For ICOs, it depends on times, sometimes it can be only for the money, sometimes for both money and personnal views :p

Also what is great in new cryptocurrencies that it have ended number of tokens. So price will growing! (if it is successfull project).
Like we see bitcoin is growing. And like so many other coins.

When I buy some alt, or bitcoin itself, or invest on an ICO, then I'm in it for the project itself. I'm not a trader, so if there is no real application or value, other then the possible profit it could bring, there is not point in doing it, because eventually the project will fail. The project can still fail even with a good idea, and that is entirely different, but it needs to have real potencial, otherwise it is doomed to fail right from birth. If there is no value, it's a bubble, if it's a bubble why support it? You know you can only get profit from bubbles at the cost of other people's money, so it's not right to get into these things just for the profit in my opinion.

That's one of the reasons why I support regulation on ICOs, to decrease the chances of bubbles being created, that will not only cost money to people, but will also promote fear, causing real projects to also suffer from it.

In it for the money but as time flies by you will attached to it somehow.
ICO's takes some time before it ends so you will know it better by means of telegram and updates of the developer or their manager. In this time, you will know more about it and somehow you will also learn that it could be a strong service and would try to support it until the end.

I'm in it for the money, but I believe that you can only make money on sound ICOs that have long term potential.

Most ICOs will fail, because most are scams or don't make sense.

For me the ICO must have big potential and they have proof that they have written software.

Without this, there is a good chance that the ICO is a scam or will never deliver.

I’m into it for money purpose only most of the times. I will support the cause only as long as it interests me otherwise there is no reason for it support. I mean not for long time. I supported TenX for longer than i expected I would do because I wanted to have their black premium edition debit card. I was not lucky enough to get it as first 100 investors but I enjoyed supporting the project for long time. So you see it’s all about the project and how it might perform or what are the advantages of it.

I think there is missunderstanding but i have made bold related my statement above, i think it was clear for you, i made investment into the ICOs projects based on my analysis fundamental of the projects for long term investment and i am thinking about the money in trading altcoins short term investment, and i don't know, do you know about the difference between long term investment and short term investment.

I think the bigger investors just wait for a decent roi, price doesn't even have to pump that much with a big investment.
Dump and on to the next one.

The vast majority of people are only in it for the money, I don't care what they say.  They can ramble on about whatever ideology they want, but the rampant abuse and greed that is happening in crypto right now shows this to be true.

It is for the money folks! I do not trust any fiat in any state. Fiat is the reason for all the economic crisis and woes the world has experienced. I keep all of my money in bitcoin and I will continue to do so. So far there is no regret.

I must say i am growing into the crypto world and i have different emotions. First i started because of the ideas and development (make the world a better place). But later the greed took over and i was only after the money. Now i think i found a good balance. Some projects for the money, some for me :)

Cheers

I participate in the ICO when the project has the proof of their achievements in the previous work. Well, money is just a matter we invest because we need to earn big. Can you give me a name if the money is not the matter when you invest it.

Unless we all just want to deceive ourselves, what is the purpose of investing in the first place ?
Is it not for the cash and profit you will make from it ?

The only difference is that there are some projects you will most definitely know to give a very fantastic result in the long term and you will be willing to hold while some may look a bit bleak, so with that the decision is left on you.

It is natural that nobody willing to lose his capital in any scam project, I also wiling to invest in any project for better return on investment for better future, it mean all love their hard earned money safe and grow better rather than loose capital in any scam project, so its better that research well for any project and also get information about their management team ,then invest in.In short I don't want to dump my capital, I here for gaining profit and rise my capital.

Everyone has a different "strategy" or mentality or even principles when it comes to investing. Some people will go for this: buying an ICO getting a short term profit and sell immediately. They do that and repeat the process over and over again, some of them don't think clear enough and they might successfully flip one two three or even four ICO's, but one of them will eventually get them and they'll lose a lot of money. The best strategy is to focus on the idea behind the project and what is provides to its target audience. If the project and the idea is indeed valuable, then it will fill a market cap which will eventually flow capital into the project, it's more about finding a good project (good idea that is) which is combined by capable developers. The implementation is as important and even more important as the idea itself. Look where no one is looking and you might find a "diamond" project for a discount, which might even make you rich in the long term.

We are all reasonable people and engaging in any project as an investor, first is concerned about possible income. A big plus if you know the inner essence of the idea. Money is the first factor, the second idea, and third is everything else. But there is interest. If the idea is not interesting to me, I'm just not going to study it, and therefore don't recognize on its financial promises.

This is my favorite quote:

money makes the world go round

People are not investing money because they like project and want to support it, they invest money because they think project will be successful and would bring them more money. Everything is about money, who says different is lying.

To be sincere me investing in any ICO is for the money, exclusively for the money.

To be sincere, i invest in ICO for the money. Who will invest money to get nothing in return? It is not a donation. I think most people investing on something want to gain something in return.

Buy the doubt, sell the belief. Rinse, repeat.

Yes ..  invest my time and my money for make more money .. I hope it will pay  ;D

Even while waiting for a decent ROI, it still all balls down to profit. Usually most projects get dumped in the first instance they hit the market as it will still take some little time to get them up to speed for the normal users to see how relevant they are and which is what the investors are looking forward to when buying in at the cheaper rate and holding until they are so sure, they are good enough to opt out.

Buying at a low price is the important part of investing in coins on this forum. If investors are only in it for the money then they should be doing that.

Personally, I support the projects in which we believe. I'm not interested in the money from ICO because it's fast buck.

Investing your time is one way to know if the coin is worth investing in or not. If you ever feel that the coin sucks then get out of it.

sometimes idea/team and pure sixth sense. Now holding 3 projects that are below ICO price. Don't sell them when they even reach breakeven. Waiting X10 ))
but in most cases to flip.

I am with you. In fact, I've been into airdrops (free tokens/coins) for the past few weeks after learning about these ICOs, and I've never bought any pre-sale tokens and coins in my life. And if ever I'm going to buy any new tokens/coins, the first thing that I will look at is their whitepaper. Even if it's airdrop, I always look at their whitepaper and fin out the problem they want to solve, and their solution. Other airdrops that do not have any whitepaper or clear objectives is honestly an automatic NO for me even if it's free. That's because in the future, people won't stay on supporting this project and it will eventually disappear in the market because it is not used properly.

One example of the airdrops that I joined which I think is (and should be) a success is the authorship (ATS) which which aims to help authors and writers publish their books with the use of its flatform.

I also believe that the people are a part of the success of any ICO/project. The only difference maker is that how people understand the objective of an ICO/project, and I hope they should really understand the purpose. I hope people will stop the "MONEY ONLY" mentality that makes the supposedly USEFUL project USELESS.

You must have to invest to a reliable and trustworthy projects. You should research first of what project you want to invest so that you will know if is it was not illegal or scam.

Investing is just plaving bets on the future. Investors in the end have no affect if a project is used in the future. We just making bets.. So believong in the future of a project is the same as investing. The smokescreen is projects trying ti make you think they are the future and traders playing along for the ride.

Money flooding into crypto is ultimately a good thing and the good stuff will survive and the dead stiff will ded. Thats what the free market does.

It's just business. Of course, this is for earnings. You won't spend your money on unprofitable and useless projects that you don't trust, aren't you? You want to change your personal future with its help..

Yes, definitely i am in it because of money, earnings.
Before investing the fruit of your hard work we have to make sure by doing some research if its legitimate and reliable.

Most of us are in it for the money, I would like to invest in something that is going to actually work, something that is real and most definitely achievable.

I read in a post somewhere that some ICO's are simply shitty dreams about changing the world in one way or another, those are the ICO's are try to avoid and most probably are a scam.

Look into trade.io an innovative new blockchain trading platform that will disrupt the financial ecosystem and democratize the markets. Currently at PRE-ICO and is sharing with the community a Bounty program, you can also collect Airdrops.
Be sure to check it out in the following link...https://bitcointalk.org/index.php?topic=2370663.0

It's not only about the money, it's about the technology as well. I think we are all very lucky to be living in the era where blockchain takes place, it reminds me of the time when exchanges started to take shape and the finance world started to develop. It's quite similar with Blockchain, another example if the internet or the PC era, all these new technologies had similarities to what we are seeing today. As long as the technology is doing something good for the future, I don't see why you shouldn't make money out of it. And if people are building these blocks that are being used by other people and will be used by much more many in the future, then they should get rewarded for their risk and effort that they've put into this.

Yes, I believe the majority are in this for the money but it depends on how you are investing or if it is day trading you are interested in. I only invest in coins/projects that I have done thorough research on.

Even the founders of the projects are in them for the money. Every entrepreneur is doing business to have a higher income. It can be something they believe it, but at the end of the day, they do it for the money. I think it is the same when you have to invest in an ICO. It is best to invest in something you believe in, because there are higher chances you'll succeed, though.