Bitcoin Forum

Guys... please explain to my why you would invest in an ICO? What advantages do you see in them? I started trading altcoins this year (and did not even know that ICOs exsisted). If someone told me sth. like:

"hey lets plan to make a cryptocurrency but let's not wait until people mine it and trade it... let's better sell the coins with good marketing and figure out what to do then"

... my suggestion would be that you can't raise a thousend dollars like this. And what do you guys do? Invest millions of dollars! I am amazed and puzzled about this.

Now...

I am a noob. I might not know much about crypto. But: As I started trading (or better: as I decided that I want to start trading) I read every single ANN I could. And finally I found it: a little promising small cap coin. With 4 devs, a solid (locked up) premine to cover future funding and with one ambitious goal:

Get the #1 coin for private transactions! The coin started in Mai 2017 and struggled to get listed on exchanges first (bcs. all they list are the shitty ICOs you burn your money with), but eventually they got listed on Cryptopia and Livecoin.

DEV already did prove their skill: they made the frist botnet-prove cryptonight-coin with a genious twist on the diff algo.

https://github.com/sumoprojects/sumokoin/pull/10 (https://github.com/sumoprojects/sumokoin/pull/10)

And at this very moment they are almost done implementing Monero's subaddresses feature, even before monero is able to.

https://github.com/sumoprojects/sumokoin/pull/28 (https://github.com/sumoprojects/sumokoin/pull/28)

And you know what? This awesome coin hasn't even got 1 million dollar marketcap!

To invest here is the one and only reasonable thing to do! Don't be a fool, check it out!

https://coinmarketcap.com/currencies/sumokoin/ (https://coinmarketcap.com/currencies/sumokoin/)

https://bitcointalk.org/index.php?topic=1905086.0 (https://bitcointalk.org/index.php?topic=1905086.0)

https://www.reddit.com/r/sumokoin (https://www.reddit.com/r/sumokoin)

And not to forget the speculation: I'd be very dissapoint if this Coin wouldn't reach at least 10$ in 2018!

Some ICOs are really good though but most of them are awefull and greedy. You can win big or lose a lot on them. I personally don't join ICOs anymore that try to raise more as 10-15 million dollars. But there are some inovating and interesting companies among all the losers. Just got to skim trough all the oysters and open one to find a pearl. I know the company in my signature which I personally haven't invested in but participate in the bounty that I won't dump these immediatly on the exchange cause I think they could really see some success in a few years time.

Alright, you had my attention at anonymous

We see a lot of posts promoting specific projects but i didn't see a trader suggest to trade his best coin unless he wants to mump the price  ::) You just a trader or an investor so why wearing their signature despite the bounty is over. You are a team member or what?

I'm not a team member and I don't want a pump. I'm a (noob) trader. That is it  :) I want people to know about this awesome project because I think it deserves more recognition (that is why I have this sig) That's it. I'm sure a natural growth will come within the implementation of new features.

And: there never was a bounty  ;)

Starting new bounty compaign for signature? Realy? A-Ha-Ha

What are you talking about?

fully agree that many icos are really nothing than just promissed which in most cases quite diffiecult to fufill,  considering the amount of work need to acctually from idea to product and later sell it ....

Most ICOs fail but there are at least a couple gems a month.  After investing in over 20, I’ve gotten better at identifying the gems.  It’s like anything else, you do it enough and you get good at it. 

Re. Sumokoin, I’ve been looking for a low market cap privacy coin and hadn’t come across this before.  It sounds like a decent option but I didn’t see any info about the team on the website.  Who are these 4 devs you mention?

You are completely right man, but if I see a token will not decrease below ico price after ico, I may participate in ico, this is normal but most ICOs are scam to me, they want more than $20M dollars, this is bullshit.

There are really many fishy ICOs nowadays. I don't trust any ICOs that targeting their ads through Instagram on me.

Datum breaks the mold - It has a real use case, a functional prototype, very active development crew and a real potential to affect positive change in the world.

www.Datum.org (http://www.Datum.org)

If they scam you cannot do with the same amount of ICO token after the sale period. However, you will scammed by them. There are many people invested hard earned money in ICO sale and get cheated them. If you are really about the money you have invested. Please stop now itself buy top altcoins or bitcoin to get more income.