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I invested on razor ... holy shit

2500usd loss within 4 hours.

Very dissapointed. How much u

I won't dare invest in any ICO because 98% of ICO projects today are nonsense, if you invested that money in IEO from top exchanges or in any polkastarter project you would have double your invested money, ICO isn't good in 2021, you made the wrong choice sorry

Can you name what project it is? how could you lose money in 4 hours? did they end up scam and run away? did you not do your research before joining the ICO? I personally currently don't really believe in ICO, I better join IEO (but only on big exchanges)

If you read clearly he already mentioned it, he razor - Razor Network is a decentralized oracle platform,

Well @op I guess you bought at the top because now it seems down by -37%, the reason why it is not good to fomo in when the project already very high,  you haven't lose if you didn't sell, I will suggest you hold for when price will appreciate again.

I have ever lost $15k in two days from investing in ico lol and that's my worst experience with the ico. I know razor and that's a garbage project and that's why i have not invested my money on it.
I have been getting very big lose but i can recover it again from the legit ico.
It seems like that you were buying it at the ico price but it goes down so hard after that , right?

I'm not a loss, just wasting the money I make from the internet.

All of my money I used for trading and other things was came from my freelance jobs on the internet, remember the old days when I become a captcha typer. But, I also make a good result on the real-life from the internet all of my loss was for the experience to while you are trying to investing or trading.

Well, you will never know the result when you cannot take the risk.

As matter of fact, i don't normally encourage one to invest in a project that one has faint knowledge about it, its not all ico are bad but one just need to be careful by not looking at the only fascinating part of the project,

Sorry for your, i will advise to consider the background of the project before investing.

I have never experienced that, because I have never invested in an ICO, this is very high risk.
it's better to daily trading, even if the profit is small but low risk.

I have ever lost 100k from EDO. I can recover that again just in a few months after i have been investing in some legit icos.
That's happening coz i was buying EDO at the peak price and then i just hold it but the price is always going down anytime. Try to find the legit icos and there are lots of good icos these days and you can recover your money instantly.
If you were able participating in safepal ico and that will recover your money instantly.  :D

I highly agree that the majority of ICO today are just nonsense copy cat of earlier ICO's.  Many of them are just here for a money grab and don't have a basic fund to run their initial stage of planning and advertisement.  Aside from that, many of them are half baked developer.

To be honest with you dude, I never try neither attempt to invest in any of the ico projects campaign that has been arising here in cryptocurrency. Though, I joined only to promote their projects in terms of investing in the ICO even IEO. 2500$ is not a joke, well I guess you learned from you mistakes mate.

Real story?

That's painful bro if that is for real. This is the reason why you should always be careful when investing in any ICO. It could go up as high as it can but it could lose you money as quickly as it can.

That's a very expensive experience for you to learn that you'll never invest in any ICO. I guess $100 would suffice me in investing in such projects but that amount is a serious gamble to you, and I guess you hoped that it would make you money x10 in quick time with that project.

that's now true and have you checked the legit site like icocrop or polkastarter? it seems that if you are not yet checking it.

https://icodrops.com/
https://cryptorank.io/
https://polkastarter.com/

Just visit all of them and you will be seeing a bunch of successful icos. You should check the market and ico is still exist this day. OP is getting a bad project but so far the legit ico with big roi still there.

That's the risk of investing, because if you invest in trash, then obviously you won't get anything, I wonder why you don't choose tokens or other popular Altcoins in terms of investing at this point.

That's so double edged sword, I have been burnt by following this advise several times but every project is different - so good luck to op.

If he bought at the top, it means he isn't losing money because of the ICO, this is purely self-ignorance. Before buying a token, he should have done some research first, whether it was right to buy at that time.

Ouch $2500 usd loss in just 24 hours is kinda huge. And yeah its still down until now of 7% accdg to CMC.  Unfortunately, you bought at the wrong time. Your entry was at peak and unexpected dump occured. The only choices you have is to hold further more and wait the Razor to pump to atleast lessen your deficit.

Sadly, trading volume was also down to 89% and this just makes the security of that coin to be that low, too. Traders tend to loss interest on this coin.

This is why you should be careful on investing with ICOs most of them are just a pump and dump scams, you should be careful specially investing with that kind of big amount.

Some of the investor's lost to some kind of shit coins but of course, they got some offer from those people who has some good strategy to make some hype about certain coins. Maybe you are one of the victims of this kind of strategy and you got the record of the fastest investor who lost his investment in cryptocurrency in just 4 hours. That's a lot of amounts there, you need to make some good research before going into investment but obviously, you didn't and you got yourself wrecked in 4 hours. it's better for you to move on and continue living like you used to because such kind of money will return to you again just don't you ever make the same mistakes again.

I thought ICO are no more again or too strong again to be pulling such stunts, seems I am mistaken. But why would you invest such an amount in an ICO when their case has been a bad one for years now which of course lead to their phasing out. Or maybe I would like to believe it's your spare that you invested in, because that is the first lesson to bear in mind when investing in any project be it IEO or ICO, most especially ICO.
Also, have you tried knowing what caused the dump? I will tend to rule out the exit scam aspects since the project is already trading but Is there a fud surrounding the project which caused such a dump? I think you should try to know this, in order to make a good decision if it is to hold or sell, or it could also be market reaction associated with a new listed project; but looking at the price on coinmarketcap, the price seems to be picking up therefore you can wait a bit to see what will become of the price since it is clear you bought at the top.

The last time i participated in ico was in 2017, i join different ico then, some where profitable and some i loss money, i stop participating in ico ever since i realize that most project will dump below ico price once listed on exchange which gives more opportunity for those who did not join the ico to by even lower, i rather wait and see what will happen once the project has successfully list on exchange, although i know not all project follow this pattern but majority does.
Buying after listing works well for me, i take my time to research and read others opinion before making a move, but if a good project comes around that i happens to know about early, i may join the pre-sale or ieo, just a probability.  

yes your correct

to be honest I almost participated in that project. but I still have doubts and added a prohibition from my friend not to get involved. I have never participated in an ICO, but I did two IEOs on binance. and both are profitable. I think I need to be more careful in analyzing new projects. maybe I won't even participate anymore.

This is the first time i am hearing this name as a ICO, on searching there is a razor network is that where you invested ?. How you lost $2500 within 4 hours, did you invest during the ICO and once the coin is listed in the exchange it went down drastically ?.
There are users who are behind DeFi market and you are here behind ICO and that too projects you cannot trust. 

Your profile indicates that you are a pro, I still don't get how you end up with a scam projects in early 2021 perhaps you were overshadowed by their sweet talks and Fomo.
It's a necessity one should to do a due diligence on a new born project and also cautiously invest and again, invest in what you can afford to loose, but putting $2500 on an ico to end up as exit scam isn't just a wise move. Small capital should have been better.
Just as for recommendations and not to be taken as financial advice: Why not invest on small caps and hoe for good returns in the future, there is high chance of making it big on these gem projects since you are investing as an early adopter.

I hope those were okay to be a loss for you otherwise in my own perspective, I would go insane. That's an insane amount in my country actually. I would be more than disappointed.
What happened though? Did the price suddenly went avalanche? I read that the price went down by 39%.
I am not that familiary with Razor coins though.
It's a new coin in my eyes and ears.

Why did you invest in low volume altcoins? You already know that a centralized exchange can help altcoins to make a huge pump. Razor volume and marketcap are very low. Actually, I don't have any interest in dead coins. Altcoins numbers are increasing day by day, which is over 7k. I'm very disappointed that I wasn't very active in the last bullrun.

How dare you are to invest in the shit projects? If you want to throw away the hard-earned money, then do it with sending 0.001 ETH with the max available Gas fee, believe me, it is more profitable because in the end you will still have 0.001 ETH. In ICO investing, scammers will not care about your money and they will run without looking back. Never try to repeat the same mistakes on open public token sale events and don't listen to the ICO  suggestions of other people.

I don't know Razor but how it's possible to lose $2,500 within 4 hours if it's still on ICO?

Or you invested in their ICO period and its market price crash?

You lose because it's not a scam but instead, you lose because you join the fun in a low liquidity market.

i dont think you are rekt yet, maybe just down by half of your investment. but dump is normal for new listed coin and it would pick up sooner or later. if you could hold for a while, hen you may likely recover, otherwise if you sell now, you will lose .

I'm sorry to hear about your loss OP. It's really hard nowadays to pick the right new project to invest in. It's safer to invest in a more established altcoin or even bitcoin itself.
On the other hand i was pretty lucky with the last few presales i joined via an investment pool. Most of them performed pretty well so you can't say in general that investing in new projects is always bad.. you just need to be lucky or part of the right groups.

Did you buy this coin when just got listed on the exchange? Or you have invested from the first time the ICO run?

Usually, the coin who just being listed is very susceptible being made as pump and dump event. Most ICO investor will be aware where they should sell and hold the coin.

In your case, the coin that you bought is being dumped by some investor. I see on coingecko this coin just dumped 50% from its all time high 4 days ago.

Why you still invest in ICO? Don't you see people state that ICO is not recommended anymore, it is the time for IEO? If you follow people's suggestions, you didn't lose your money in ICO. We are done with ICO, it is too much in scamming people. Investors didn't trust in ICO any more, they move to IEO now. So, just avoid investing in ICO if you don't want to lose your money.

I got too much of emotional thats why. IEO is the latest trend. Greedy is the most devil in the crypto world. i have to slowly recover my loss. i am failed but i will win

ico is slowly dissapearing on 2021 but why you still try to find them and now you got rekt for own fault  . if you only invest on what is the current trend right now you still have a chance to earn a profit and you didnt only invest small but 2500 is a big amount already  . imagine if you just putted that on btc or on random top altcoins you could have see your money growing after 4 hours  but if you ask us , we that are veterans here are now smart . we either didnt loose because we dont invest in ico on the present time or we are only profiting by selling the coins that we previously had .

I tried to check on CMC and my guess is you bought it on February 6 where on that date is ATH and also ATL for Razor, very sad.
In 2017, I experienced quite a lot of losses from ICO due to choose the wrong investment in several projects and this has been a valuable lesson for me as an investor, but haven't had a big loss in just a few hours.

The thing is that good projects are hard to find so you’re going to dig seriously to be able to find them all and then you can invest. If you don’t dig well, you will just end up with some whack projects and you really have to avoid the things like this.

I have not invested in ICO this year because I haven’t been looking for any new project that I will be investing my money in, I am just focused on the old projects that I have been investing in with my money and the old projects are doing really good this year so sometimes I just don’t see reason why I would go for another project this year. But there are good ICOs and also the bad ones .

The last ico i followed is Ubex, lost almost 2 ETH there, its 400 $ at that moment.
But now its 3600 $, didnt regret it so much but i admit i regret it too, lmao.

Now i am understand that regreat is nothing. Crypto is like that ..

But Most of ICOs Will Go dumped after being listed in some exchangers and some of them never being listed. If they list their Coin, They usually listed in some unfamiliar exchanger and have a low trading volume and you Will get your loss. That's why we should choose an ICO carefuly, find one that really trustworthy to invest.
I prefer to Buy the Coin that have been listed in the market and hold it as long-term Investment.

2021 ICO was already a shitty investment, only people who does not understand the market will loss money.

Honestly, I don't loss any but I have not recover from my loses yet on the tokens I hold until now, ICO was successful in the past but it seems its time is over and even those successful ICO projects before are not even existing in the market now, they are almost worthless if they ever exist due to lack of development and lack of support from the people.

I've lost more than that to crypto, in 2019 January I lost 1800$ to a crappy altcoin and in 2020 March I lost 3600$ to ESH, a stupid altcoin hyped by john mcafee and a stupid developer who called himself Josh, shit happens no deny about it, if you can learn from your mistake you can make more money back even than what you've lost already

lol, i also heard about that project , and for sure , i want to try too , but on that time , Option ROOM also arrived , since ROOM have soo many users on telegram , also more promising based on project category , so , i just choose room  :D , but well , Room also get Rekt since the first come, at least not much like Razor i guess , eventhough i am buying on the high price.
what i've learned by that ICO is be more patience, at least waiting a few hours after sale open .

I think its basically your own fault . You should have researched into it. The pre sale price was 0.03 and the balancer price was around 70 cents. You should have not bought knowing that 10% of private sale was unlocked on same time.

I have to ask why you would ever invest in such nonsense?  I am amazed at how so many people still invest in these nonsense ICO's/shitcoins.  I guess it's partially the same reason so many were scammed by Bitconnect, BitClub etc...lack of financial education and homework. 

People start doing your homework and take advice only from people who you know for sure know what the hell they are talking about ( Like andreas antonopoulos for example).

They are late dude, lol!. This year is not about ICO anymore, this platform has been long gone because it's use by scammers to take money from newbie or innocent investors, so please let us not be innocent when it comes to investing because that would not help us in managing the risk.

People now are investing in existing coins, a real coin with real volume, no more ICO anymore.

And FYI OP, De-Fi is the trend now, ICO is dead.

yeah, so many people still fall for nonsense ICO's in 2021. most of the ICO's coins/tokens never listed on the market after their sale. but some people still trusted the ICO projects. they just invested their money in some coins that have uncertain price. there are so many existing coins that we can invest right now that will give us a big profit, but some people still join an ICO   ???
 

The golden ICO days are long gone which is a good thing. That was the true bubble back then and in my opinion one of the reasons everything collapsed in 2018. There was just too many projects that took their ICO money and forgot about their promises. For most of them it was no point on developing further since they wouldnt see that much money again.

98% of ICO was pointless. It was too risky to invests in it

I got burned too, I only in vest in mineable tokens with no Dev wallet like RVN and 0xMR now.

Dude, this is nothing. Meet TowerX project way back from 2017-18 year. The project had its SAAS based software management system which is usually used in CRM projects. The company had whole set up like team members, physical presence of company and the big thing is its still running.

One day these guys thought of running the ICO for fund raising and providing services for crypto users. They ran the ICO and raised freaking millions of dollars.

Guess what I invested heavily into it considering the companies amazing portfolio. However, today the companies token is worth 0.001 cents or less!!! It was ATH at 0.30 USD. It is so much heart breaking when you end with such projects.

Never dared to put a single penny into ICO again after this.  ::)

I bet there are thousands of people who invested in this project since their bounty was pretty active on the forum.

Agreed,,, I think all the scams and problematic projects running on speculator and hype interest should die. Even now we should see Defi rekts coming up soon at the end of 2021 or 2022. All these "bad" events are good learning and will make the industry and the investors more mature, wiser. Trustless is a thing crypto people forget about:)

the problem is that many young investors do not really know the projects they support. they do not know the product, the uses of the product, and also the technology that supports their product. with the big money, you will put on a project that you don't know how the money will develop? think about it carefully, in the market, there are already projects that are actually running and have a market. ICO or IEO projects that have survived until now also do not necessarily provide benefits from the products they have developed. some even die leaving the market after 1-2 years running.

Neither IEO nor ICO is safe now, it is really just people who want money from you because they created a project, does that make any sense to you?

I create a new coin, tell you that if you give me 100 dollars I will give you 10k of these new coins that I created, and you give me that money because you think exchange is in the way so this project can't be scam, and you feel fine about it. That makes no sense to me, even if the project is not a scam, in the end it could turn out to be a failed project but I think there is still a huge disadvantage of giving money to someone because they created a coin out of nothing and convinced people with it.

This is why DeFi projects are better, I have seen so many that had zero preminted coins, zero coins available, and it released so everyone in the world had the equal chance to own that coin, owners didn't suddenly had tens of millions of it, that is why they are much better.

The last IEO in Binance, Safepal (SFP) very success dude. The price rise almost 400x before its decreased back to 2.5$.
Popularity of any IEO based on the project and exchange which held it.

If you invest in cryptocurrency then you must be prepared for the risk (the price go down), especially if you invest in ICO, because for now there are only a few ICO is successful and the price can immediately increase very high, so instead of investing in ICO then you better invest in cryptocurrency that is in the top 100 on coinmarketcap, because the price will definitely increase and of course the risk is less than you invest in ICO, so you will definitely make a profit.

That's really pain in the ass losing such amount of money after investing with shit project, either you didn't py attention with
your research or you've been move by someone.

Very risky investment as the  chance of profiting from this old method already passed, before you can earned a lot with ico
but nowadays that opportunities is already low in chances.

I stopped investing in ICO projects since 2020, because the ICO projects got worse and worse. It is very difficult to find a good project, most ICO projects cannot attract investors.
That's why I haven't lost money in ICOs for a long time.

I won't invest at this time for unknown and low development projects because this time has been big bull run of top altcoins market. If i suggest you for invest in new and if it will not profitable then your money gone. Anyway i have a better way which very helpful like you can got your own research and invest a best Project. If those projects have lot of partnership with products then really it can profitable.

The impact of many fraudulent projects has caused ICOs to be increasingly abandoned by investors and of course this has made many ICO projects unable to develop optimally due to a lack of funds, currently ICOs are not a good alternative to investing money but of the many ICOs, of course there are some that are indeed has good potential, therefore we must be able to carefully choose which ICO is suitable for us to follow.

Well, I just wanna say that some ICOs just make investing in ICOs very risky and uninviting, but I must assure every one here that some ICOs still have good credibility, like for example, I invested In student coin ICO when the price was about 0.008 usd, though they were listed on exchanges while thier ICO was ongoing, now the token is trading on exchanges for about 0.013 usd which implies that if am to sell now, I will be making some good profit, but I believe the token still have a long way to go.
So this is just to say that not every ICO is  bad, and this goes a long way to confirm that in a community filled with good people, there must be one or two or even more bad people, bad eggs.

Most tokens sales of 2021 are profitable and it`s quite hard to find projects, which gave losses, but LBP token sale model on the Balancer could be unprofitable and you are one of those, who bought tokens on LBP with expensive prices. I recommend to investigate token sale models and learn more, how it works on earlier examples

Be careful of what you are aiming here because sometimes, it is better to sell while you are still in profit. Don't wait too long, because that opportunity may go away without a warning. I have learned my lesson well in these ICO projects. Very few can withstand the market and grow their value. Most of the time, after short increase, they go down, and they never get back. So look for reasons why they can keep their value and grow overtime. If not, better sell it while you are in good position.

I never encounter any losses from the ico this year. It's caused by i was doing deep research before try to join in ico. As you can see that there are lots of people who have been getting a lot of money from the ico too.
Those who have not done proper research will always get the crap icos. I think that this time it's a common thing that everyone know about that dude.
The fact that when legit projects will be backed by some big VCs

Its not only 2021, it is fron 2017-2018 also 98% ICO are nonsense, especially about DeFi, but i still believe the project i support will made it just like swissborg and aave, i support both project in 2018 and now looked at them, please do some research about ico, i did minimum 1 month - 3 month before i invest on them and thanks god i never get rekt that much.

I'm not investing in ICO project, since they dont have any product or utilities i'm afraid it will be scam after few days when the ICO sale ends. We should careful with new project now days and many of them offering DeFI in their project to attract new investor. It's better to invest to altcoins which have utilities and perform good after few months they launch.

Never ever buy at the top Because mostly private investors that got it cheap already made 10X plus and they may cash some profits Is better to wait for a pullback and then if there is potential go back in my loses are mostly through bot front run on uniswap