Bitcoin Forum

Are all of these recent icos good for the economy of crypto? I have seen a couple of brilliant one's (ethlend). But some, are garbage.

The good ones are not bad for the economy, but as for the sh*tcoins (well, I don’t even know if they are bad for the economy of any country, but one thing I do believe is that whenever any country is losing, another is gaining. And the bad thing that will happen when people start investing in these bad icos is that they will end up.losing their money.

It's good for the economy of crypto but not those who are bad ones or the scammers. My suggestion is, they should ban it now for creating new ICO's, because the investors can't choose where to invest because there's so many ICO's now and most of them are scam. And only the trusted or the top 20 ICO's will remain.

ICO marketing is turning into an industry of its own, no matter how bad your idea is, how non-implementable your roadmap is, how economically unsustainable your model is, still marketing is worth to get a few thousands of dollars and get away with it, this is what the majority of ICO boom is turning into. There are definitely some awesome projects, but you can't stop the bad ones from bloating the cryptospace, majority of them would collapse sooner or later. ICOs are in its initial stages, there would be brilliant/good/average/bad/scam projects, but I think once the cryptospace has a steady flow of brilliant and good ICOs, no one would bother about the bad ones.

Totally not.
Think about it like that, any ICO that comes out, adds value to the market cap, which means that it deducts value from crypto currencies such bitcoin/ethereum.
People that wishes to buy the ICO tokens, convert their bitcoins/ethereum into the tokens, and the ICO managers sells the Bitcoins/Ethereum into fiat, which means money that goes out of the crypto market.
ICOs are not good for the long term.

And sadly people are wasting their money in these types of projects knowing that it could end up being a total scam and the dev/coin team would be running away with their money. The number of ICOs that I see that would have no practical use for people nowadays have increased worryingly, that's why the government also became strict on ICOs popping here and there and other countries just banning them at all. This is the lowest point of crypto, I should say, since most people care about their profits only and the actual purpose of cryptocurrencies have been forgotten.

Are these current icos useful for the economy of crypto? I have seen several splendid one's (ethlend). In any case, a few, are waste.

That is unfair. The reason why people are being scammed because they are not responsible for the money they are spending. How can anyone knows a project is a scam? They will really find a way to avoid their scam project to be identified by the people. What we need investors to do is to be responsible, we must really study where we put our money. This scammers will not stop as long as there are a lot of people who wants to earn and do not know the difference between a scam project and not.

One spoon of tar spoils a barrel of honey. On the market ICO is very much a Scam. Any good thing can be spoiled by several scammers. Trust is hard to earn and easy to lose. In the form in which now there is a system of ICO she has no prospects. Investors are afraid to invest money even in a promising project because it's impossible to prove.

Certainly useful. The market will sift out unnecessary projects. It's a offensively
 for investors who participate in the shitICO. I want to say that those projects that remain on the market will determine the right direction for the development of the industry

ICO is best business model that can help grow the blockchain itself unless and until it is well plotted project. But most of the time ICO projects are not upto the mark leaving behind loads of funds locked up into scammers account. There is not single person but hundreds of them who might disturb the economy of crypto specially bitcoin and ethereum by dumping the whole funds that were raised through ICO projects.

This is similar case with the whales selling their shits of loads into bad times and thus shaking the whole crypto upside down.

In short, it’s not worthy for the economy of crypto. What worthy is to let the development of blockchain takes place with holder investment and we advance in the crypto tech more.

That’s the thing needed for the crypto to grow, not the ponzi like ICO’s.

Not some, most of them are just shit and garbage. They started spreading like a disease and sprouting like a parasitic mushrooms. The forum is filled with it. Only few of them are noteworthy. The rest are just scams where the developers are looking to make some quick money. Bad ICOs do have a negative impact which cannot be neglected. They are just giving same bad name to the crypto community.

The ICO system is very convenient as a tool. To find an investor in a close circle is possible, but there are ideas that require investment more than you are able to attract yourself. About fraud in ICO - fraudsters exist everywhere. If you want to try yourself in the role of an investor - evaluate the risks correctly - this will help to avoid losses.

Are these current icos useful for the economy of crypto? I have seen two or three splendid one's (ethlend). In any case, a few, are rubbish.

For the Crypto economy it's technically good, as there is even more money being invested, doesn't matter if the project is a junk or not... But then we need to ask ourselves what do we want, quality or quantity? I believe on long term quality always worth more than quantity, and in this case it reflects precisely on Crypto-Currency's reputation. If many junk ICOs appear, people will complain about it and will discourage new investors to join Crypto investments in general.

However, it's out of our control, what you can do is to choose not invest and let these projects die for themselves.
And at same time, advicing people to not invest as well.

Bad ICOs are irrelevant to the state of the economy IMO. The money goes from one hand to another but it remains a part of the food chain, if you know what I mean.
If you go to the market and one guy is selling fresh apples and the other rotten ones and you end up buying a rotten one you still contribute to the economy. The seller will spend your money on the stuff that he needs and it will eventually end up in someone else's hands. Of course you will not benefit from that sale, but the economy isn't made for all people to be equal and all people to make money. 

Still, many people invest to the bad ones. I don't know if they just have a huge faith in it or they are just plain stupid. Mostly, the good coins are those whose idea is unique and many known people/investors in the crypto world invest in. Their tokens are being used in their actual use case or purpose so that can be considered a good one.

The problem is impossibility to figure out quality of ICO, so anyone can just start next shitcoin without any consequences now. Hope this can be changed soon.

And how does that differ from the ability of a typical person to start a bad business? Paraphrasing your post, anyone can start a company that offers a stake in their fashion designing thing and as we all know most fashion designers make products that aren't being worn by anybody but the models. Yet, nobody prevents another weird designer to try to push their crazy ideas into the market. If you think that there will come a day when worthless things will stop being made then you're in for a nasty surprise.

No, I don't think so, but a level of responsibility is a quite different when you disappear with investors money after IPO.

here information detail about Ico. good luck
https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11.

A good project is always welcomed you can never have too much of a good thing, but the issue with the bad icos and the scam icos is that they lower the faith in the ico system for a lot of people, even if I like a project sometimes I doubt of whether to invest or not out of fear that this is just a very well disguised scam, not only that but scam icos are the reason we are seeing an increasing amount of regulation all over the world and that is not a good thing.

İ think the economy is inflated.In a short period of time a very ridiculous volume had formed.But I think it's starting to normalize.

I thought we're talking about good vs bad projects, meaning that one coin can be made to improve something and target a specific niche while another coin can be made by a team that only wants to sell their share and move on to the next projects (they don't care about updates, business support and so on). We're not talking about a theft. If someone sells you a promise and then disappears with your money is a scam prosecuted by law.

Of course it's inflated. It has been hyped up so badly, that people aren't thinking anymore before investing their coins or money into whatever ICO project. It's a shut up and take my money mentality that dictates there.

Something is horribly wrong when seemingly nonsense/scam ICOs manage to obtain millions in capital in a matter of minutes. This market needs to be properly regulated sooner than later.

Ethereum is the perfect example of what massive inflation looks like. Seriously, without ICOs, Ethereum wouldn't manage to come even close to its current levels with so much circulating coin supply ~ it's mind boggling.

We all know the more the merrier but not totally a reason for it to be a bad thing on the economy of crypto but the same as being said above most of them are totally trash this is why as an investor we should really be careful on selecting the potential ones. I did hear about ethlend I'm not still sure if that project is included into those shit ones.  ;D Don't mind on that stuff about being bloated as long it is trending and we can make money it doesn't really matter at all.

Therefore, it is not necessary to prove that many users who made investments fail, will eventually fail. To date, we see that Bitcoin can not go up to 20,000 dollars, and for quite a long time lingers around 11,000 dollars. And This says a lot.

Well you can't blame them if their Initial Coin Offering does not meet its suppose to be budget pool. But that doesn't mean that they didn't worked hard for it, its just that, at some point they've didn't try some other technique in order for them to let people know about their offer. Or maybe, they've just lack some information that didn't quite catch the interest of those people that suppose to benefit the project and didn't get that much of help from the investors.

If you ask me, the more the merrier. And I didn't mean that in the bad way, trying new things isn't so bad, so why not. Its also just a matter of competence.

Everyone with a good sense of mind knows that ICOs are shit and still they exist. Why is that? Because there is no regulation on creation of new ICOs, like how companies have SEBI or regulatory authority has on companies who want to raise funds. That's why people go for decentralization, right. No control by the government. People say regulations are bad when it comes to crypto but regulation would actually help people from getting scammed over and over again. I have heard of stories like how one guy was behind so many icos and people invested in all those and he scammed all of them and ran away.

Yes, there are alot of icos nowadays out in the crypto community and not everything is a good one to invest but there are alot of ico that you can see has a potential to grow. This only depends on the project that it offers. I think we cannot stop for icos to grow and bloat the economy since this community is online and continuosly growing as well.

The only problem is that regulating this kind of behavior is impossible, this is the dot com bubble and the real estate bubble all over again, people begin to see they can earn a lot of money by not doing much and they decide to take their chances, even when they did not knew a thing about real estate, the internet and in our current scenario the blockchain.

I dont even know how these coins help the economy of a certain country, whether be good coins or shitcoins. All i know is the investors benefit, of course from the good coins and the ICO holder do benefit greatly and to the economy, i cannot see any help aside from certain individuals.

I think all the coins are good in a way, because they add something to the overall marketcap and thus make the market more noticeable to those who don't really know about it. However, it is true indeed that some projects are very bad and they lower the reputation of cryptocurrencies, since they make a lot of people lose their money.
Yes, the prices are too much for now and perhaps they aren't really normalizing yet. The problem is not that some coins like eth are worth a lot because some projects are built on their platforms. The coins are mostly used for trading. People care about the projects sometimes, but they still mainly care, because they want to predict whether it's gonna be a profitable one. At the same time, coins are supposed to work as means of payment of different sorts, not some subjects of price fluctuation games.

Everyone is trying to jump in on the bandwagon with a new ICO. My guess is that many if not most of them are garbage and won’t last. A few of the really good projects will make their way to the top and be successful. There are probably some good ones that won’t survive because of all the competition, but I think a few of them will make it.

Many ICO is scams or with a project having no scope. Investing in such ICO is a sheer waste of time and money. So investing an ICO having a strong team with a clear vision and a promising product can only give you appropriate return on your investment. So it is very important to study extensively about the project and team before investing in an ICO.

Absolutely.Today there is a condition in which any person who want to scam people could start an ICO and just run away with enormous amount of people's money. Yet there are some promising ICOs too coming as even institutional companies launch ICOs to raise the required funds for their projects. But in between such large number of scam ICOs, they even get unnoticed . it's a huge drawback of ICO that there is no governing body to regulate it.

There is an easy way to avoid being scammed by icos, and that is to not invest in icos, maybe in the past when icos were just beginning people supported a project because they believed in it but now people invest in icos just to make money and many do not even take the time to see if the project is a viable option, as long as they can make money they do not care if a project is a scam.