Bitcoin Forum

An ICO pool is a collection of investor funds, pooled together with the sole intention of investing in an ICO. Pools are typically overseen by person who manage the contributions made by each investor.

Do you think this is a good idea?Is it worth it to trust??

UPD:

 MyWish  (http://mywish.io/index.html?utm_source=com&utm_medium=bt&utm_campaign=1) is eliminating these risks by introducing Smart Contracts for ICOpools.

I'm concerned about non-Trustless ICOpools what don't utilize smart contracts, but instead mandate that the collection of investor funds be done by icopool managers. Investors send funds to an ethereum address specified by the icopool mangers, who then have the responsibility of sending those funds to the ico address. So it's difficult to trust someone with own investments, even if not a big.

I would not trust the management of my means to people who I do not know personally and whom, if necessary, I can not find to take money back. I consider this idea unworthy of attention! ::)

Yeah it great to be part of the that you will be invest,, but not to much advantage cause have a  50/50 that it would be success or fail ,, and when you invest be ready youre self that what happend next!

I wouldn't invest in such pools because you can't make decision and when they fail it gets worse than you predict.

usually, ICO projects apply minimum investment values in their private sales or pre-sales, the minimum value of investment is a barrier for retail investors to get the best deals (big discounts on private sales and pre-sales), IMO, investment pools is a good idea to overcome that problem and allows retail investors to get the best deals, trustworthy or not it depends on the reputation of any investment pools

As far as I understand, if the project doesn't collect soft cap, then the investment returns. What is the risk then?

I think it is interesting idea for people who want to invest in project that get a good discount for high investment or not give such small allocation as 0,5-2 ETH

I consider this an excellent idea. Because there is an opportunity to participate in the project at the pre-sale stage and get a good bonus.
If I have 1000 - 5000 dollars for investment, then I can not participate in the pre-sale stage, and together with other people it becomes real.

And at the end of the investment, it would be useless to believe in someone we do not fully recognize

It depends on team. Im long time in one Telegram group where people already know each other. A lot of them are good analysts. They post every day news and discuss crypto as well. So they found ICO they want to invest, created pool and keep in touch with people. So i can trust them. But i would never have such deal with people i dont know

Be very cautious when dealing with those, because you can get burned quickly. But with what can't you in crypto? :D But in all seriousness, research the project beforehand, especially the tokenomics and inspect the price per token and see if it's worth it!

i think thats is a good idea, for new investors
but, as the person who manage the pool is trusted and have a lot of experience in ICO industry
and he know a lot about a potential project
but, at this moment looking for a trusted people in this industry is too hard my friend
so, becareful  ;)

there is no way i would trust my funds to someone i dont know. I can only do such with people i know physically and it has to be family or close friends. in today's internet, there are alot of innovations but also alot of fraudsters looking for whom to suck money from.

I rather research ICO by pool and take personal decisions to invest or not and then i put in my money by myself. that is how i roll

Ya it is a good idea because their are persons who are having funds to invest but they dont where to invest and their are persons who have full details of where to invest but no funds so when this both join then both can earn it. Last year one of my friend asked about bitcoin and how much to invest. That time he also told that his friends are also willing to invest but have no idea how to do it. So it was planned that everyone is going to invest equally and my friend is going to manage. in Last year peak their funds raised to more then 150% and they sold it at 110% as my friend saw the selling pressure.

so this way Investment Pool can work but the risk is fully on the Pool runner, who have to be alert on all aspects and not to be greedy so that no loss occur.

I wouldn't trust my money to an investment pool.

This can be the new type of scheme that scammers can penetrate, I haven't tried it yet and I don't want to. Since ICO nowadays are becoming low in demand but still there's bunch of it, this can be the new trick of scammers.

Worth to Trust: NOT AT ALL.

In my opinion, never ever trust anyone over the internet to whome you dont know personally, dont know where they stay and dont have any legit information about them.

Researching and examining the coin information you intend to invest is key to succeed in this market. So spend a lot of time analyzing the potential of the coin in order to make the right decision. Do not trust too much on the coin rating websites and have your own opinion in order to survive in the same market.

I wouldn't join any investment pools.  The risk of getting scammed is much higher.  Just do your own homework/research for the projects you like and if it looks good, invest in them on your own.  Don't let anyone hold your cryptocurrencies for you.  It's your money.

I think this is the only way to get the money which are needed in order to accomplish the goals that are pointed out by the developers team for the project that they are developing right now.

Not really, there's nobody I'd trust enough to give my money to in a pool. Obviously you'd get a small discount but I don't think it would be worth the risk.

We have to trust people who manage a common pool of our investments, if we want to make money on this. Although there are cases of fraud.

I think one of the great advancement in crypto is that everyone can contribute and invest in ICO no matter the investment size, so I really don't see much point in joining a pool, there's probably more risks than benefits

I think doing things with such companies is not the best idea. If I personally do not know people who will invest my money, then I definitely will not invest.
I definitely do not advise you to invest in an investment pool.

I'd rather to invest on my own than to trust anyone who I really don't know personally. This can be a kind of ponzi scheme who is gathering some fund and run after they make good money. Be careful on joining in this kind of strategy, learn from the mistakes of the other and make a lot of research before you join them.

I think it investing your money together with other people to create a big amount and bigger gains. It's good but risky at the same, especially you dont know the people holding your investment. There is also a greater chance of fraud and scam. If you want this kind of investing , it should be better to know the company or the people behind it.

Depends what the discount is, I wouldn't risk it for less than 20%.

There are many institutional investors who are taking such measures.
They collected most of the small investors and then pooled them together.

spend a lot of time analyzing the potential coins to make the right decisions. Do not overly trust the coin rating website and have your own opinion to survive in the same market. Researching and checking the coin information you want to invest is the key to succeeding in this market.

If you do not do well in this period, then you should make a good investment. I always study the coin to invest.

ICOs that are secured, have signatures are likely to bring profit for you. However, it all depends on your luck because you can not tell if you are in loss or profit till the ICO crowdfunding is finished.

Investment pools seems a good idea, up until and unless you don't know or are not aware of the people you are creating the pool with. They should have the authenticity and pure purpose of bringing in benefits for you. Hence, proper knowledge on your investment pool and their authenticity is vital to judge on the returns

In any business you must have trust on the projects or person affiliated with such business. In such case, if you find any pool not worthy for trust but the project is quite interesting, I would recommend going for a minimum investment to test the pools loyalty.

This will be a good decision when people get benefits. People will believe in the benefits and will be interested in increasing the investment. The same rule in the case of investment pool.

As far I know for pre sale and private sell ICO project apply minimum value. It’s a obstacle for the retails investors because they did not made the big deal. I think there are some investment pools that permit investor for big deal. So I think its not bad actually. But never trust someone over internet.

In my opinion it is a good idea to create ICO pools. It gives an opportunity to invest in ICOs with high entry barriers like TON (crypto currency of Pavel Durov)

if I think personally if managed by one person it will be very dangerous. there is good if the managing pool Ico is managed by many people. it will increase the confidence to the investors who have invested their capital.

Decision depends on investors or his team I think. I guess there are some risk but if the pool manger is trusted person then you can invest on it.

I do not really trust the investor pool because there is no guarantee that you will profit to be better trading alone because if you lose will not be sad...

It's a very good idea. Actually i joined a group on telegram about ICO pool and all the members are trusted each other and the admin there is very trusted and all the members are from the same country. The most important think on ICO pool is trust, if the admin of the pool is not trusted, no one will join the pool.

If the project side is a trustworthy and reliable person, then I think that no matter what management method is trustworthy, many ICO project parties initially aim to scam, so no matter what method they take, I think they are all countermeasures. Participating in the ICO must be clear to the team members

the world of criptocurrency is a provitable investment among other investments. but we know that investing in the cryptocurrency has a bigger risk than any other investment. therefore we must be more careful in order not to lose. but if we are careful and diligent then we will get many advantages of profit.

I don't feel safe to deal with such pools and I don't believe them too. Before going for I should do research on the team working which is not possible in these polos. So, I kind of avoid them.

Personally i think it is not a good option to invest on pool. i can’t trust them because i don’t see them and their projects structure. It’s only my opinion.

It depends on the selected ICO project, if the ICO project has a large community that has great potential to increase over the next year, I agree ICO project developers and invest on ICO pool very trusted. But if the ICO project still new, and has a small community then I would advise against too much with their deceit.

I think you should invest in top 10 coin on CMC, invest in Ico very risky. You should learn before making your decision, nothing is sure at all.

It might be a good idea, but we should have some security issues and have to had an extreme confidence in the manager of the pool, it would be ideal to develop a smart contract or a Dapp to do it automatically, example: Ask each participant X amount of coins to ensure Y % of participation in the pool, good idea but it lacks development

is still very risky, because there is no guarantee of all that will happen to icopool, for example a scam project. if it does not meet the target and fails, I think that is common in investment, but if the project is scam, no one can accept it.

It is prone to being scammed. I can't trust my funds to anyone. Well, I don't think it is better than just investing by my own - sending ETH from my ETH wallet which I have full controls. In this world full of scammers, better close this idea.

In fact, investment pools have more positive moments than negative ones, but among the negative there is a scam that can cross out all the pluses. Trust or not to professional traders, everyone decides for himself.I prefer to dispose of my deposit myself. If I fail, at least I will get a very important experience that will help me in the future. If investment pool fail, I will get nothing

When the projeck does not reach the softcap that they have previously determined, the funds will be returned to the investor. but sometimes they also do a new policy if the funds that have been collected have approached the previous targetsm,the policy is different. every project

Most of the ICOs are scam and this idea of investment pool for ICO's?

There's only few words I'll say if someone is truly believing with this type of investing and it is "good luck".

Why not just hold your own fund and decide on your own so if you fail, you can blame yourself and learn from that mistake.

And also don't stay to ICOs, learn trading.

I don't think that it  is a good idea and I will never trust it because those person are totally unknown.I think it will be useless and will waste our valuable time. I think they should develop some strong management to make it more trustworthy.

As much as I know, ICO pools tend to gather people who are potential is seeking to participate in pre-sales of ICO. There are two types of ICO- Trustless and the Non-trustless ones. The only problem with the pools are that they cannot guarantee if they can fulfill the task and also that it is not a scam.

I find ICO investment pool to be a good idea to enjoy better perks than investing alone. However, the trust issue of the ICO pools stop me from trying out.

I think that such idea is not good. In this market we cannot easily trust anyone since it is a decentralized market. More to have a trust on management, strong rules and regulation with effective board is needed. I do not think that this will be a good idea.

Considering the benefits of receiving huge bonus that you would not have gotten otherwise, pooling may be a good idea. But many Icos frown against it.
Meanwhile ppl tend to dump Because of bonus

I for one would never trust anything like this.  First time I have heard of it actually.  Seems like a recipe for a scam and a long sad post here on the alt coin forum. 

I feel investing into such Investment pool carries a high rate of risk because you might be scammed with no one to query if your funds is absconded with. On the other side, this practice is one of the most greatest and welcoming idea which may makes such pool reaches the soft cap to success timely, if and only if there are known and trusted pool Managers in the deal.

Even with those kind of changes I still have doubts with this kind of investment.
I'd rather do it directly and let the trust of other investors go with it. If you really made a good research about one project then investors will be coming in without questions. There is no need for pooling it and it will still grow. iCO's dont require large amount of money to buy tokens in minimum, .1ETH is okay.

This does not come off as a good idea at all. Given that this is a decentralized market, there are issues regarding trust. There are possibilities of being scammed and also being ripped off. Also there needs to be the presence of strict rules and regulations in order to have a good management.

More of investors are going with the flow of where there are many investing in an ICO's, together pooling investments is a typically good idea but many are taking big risk thats why their more converned of their money so they need to think twice..

I think one about the considerable headway in crypto is that everybody can contribute and put resources into ICO regardless of the speculation estimate, so I truly don't see much point in joining a pool, there's most likely a greater number of dangers than benefits

I would not trust the program to eliminate the risks of investing in the ICO. If everyone with ICO would be smooth, the number of new ICO would be 10 times the current level.

Its your choice. I think all decision will bring its own risk so take this or that is not a matter because we are looking for the best thing for us. Pool i think better not in the smart contract but maybe in legal company that already has legal license.

ICOpools can be very risky especially if you dont know personally the people who runs it. But sometimes I take the risks for the chance to get sure allocation for a very great project. It's nice to know you have an idea to eliminate the risks in pooling. But can you explain further how?

Dear all,
Yeah, the pool investment is the goal only. If the management team is strong, that goal maybe reach, if not this is fail. So, the pool is not sure. Up to the method, the market and the trust of development team, we will realize it.

i think thats is a good idea, for new investors
but, as the person who manage the pool is trusted and have a lot of experience in ICO industry
and he know a lot about a potential project
but, at this moment looking for a trusted people in this industry is too hard my friend
so, becareful

The idea behind pool is very noble. However, just like any great idea, it also subject to being abused. Pool has given many people access to participate in projects who cancelled their public sale.