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These ICO models really do not work any longer. It's just impossible to get into them in time. Many like me failed at getting on Bancor even though the ETH was sent in good time, it eventually came back as transaction failed.

I had the SONM ICO countdown loaded 8 minutes ago and when it hit '0 seconds left' the entire site went down, and now refuses to load. The Telegram channel is 50% goons trying to swindle people into sending ETH to a false address, and the other 50% is people complaining that the site isn't loading or the real address isn't working.

Fuck every ICO.

I got into Wagerr ??

It's all bollocks. Why does it have to be so shoddy?

I think most people on this planet are selfish scum and here they get to "shine".

We had just posted our thread https://bitcointalk.org/index.php?topic=1968364.0 and had to update about the crash.  What the hell is going on?

Bitcointalk is full of children.

Ok, so you can't get into the most hyped icos EVER. maybe get off icocountdown.com and do a lil research for yourself. No problem getting tons of Wagerr, Dcorp, ZrCoin, PING.

SONM looks to be a scam, so the fuck what, stop ruining the board with your noob fud. If you don't like DON'T BUY! pretty simple. the games up, everybody caught onto making tons of money off ICOS now it's too late - you should be happy you didn't get in by your very attitude

their days are numbered. most of them are gonna go down in history as a total waste of money and life the same way all these 'country coins' did.

ICOs should be either regulated and bounded to follow some rules to protect investors or should be forbidden.
There is no way that you can invest into something which offers no investor protection.
Greedy investors are unable to comprehend what risk they've agreed to by trusting their money to ICO managers.
There is rarely any innovation these days and certainly no decentralization.

Maybe make the Ico open to all not just the few whales with tens of thousands of Eth to invest with huge transfer fees.

In my model an Ico would last a couple of days to a week and all participants would get tokens. If the total was capped at 50000eth for example not just the first investors would get their share but everyone would get a percentual share. So with a 50000 Eth cap and total collected was 100000 Eth, everyone would get 50% in tokens and rest of their Eth refunded.

I quess the big whales could still overbuy to get a larger share but this model would make all participants token holders nevertheless instead of having to buy them from the whales at an exchange at a second tier market..

You know its bad when Vitalik Buterin is getting sick of ICO scams
considering ETH is mainly used for ICOs right now.

We ICO bubble now boys.
Make some money while you can and get the fuck out before this shit comes crashing to the ground.
In five years (maybe less) this ICO thing is going to be a wasteland.
Most of these companies don't actually do anything but make a coin and put it up for offer on the exchanges.

are you sure about the years thing? more like five weeks or months. there are plenty of precedents for these things failing to deliver in a much shorter period of time. and they don't even need to not deliver, all that needs to happen is more than one trader wondering what the hell they've spent their money on, and then another, and then another for the house of cards to collapse.

maybe ethereum itself won't exist in five years.

Didn't get in either although I sent eth right when the website started to load. Yeah, this distribution model is completely useless. When it hits the exchange, price x5 ...

More like by the end of the year when BTC starts to appreciate again. The gimmick's become too saturated and overused now.
Make your money though

I thought of this as well but this is the price we pay for a decentralized system , there is so much deception and people go scot free with their investors money and nothing can be done about it. This is were we would appreciate a centralized system to protect investors and make sure upcoming projects have a chance of surviving and not gifting the person behind the project.

true decentralisation is a luxury not permitted at these price levels. they capture the attention of the law and you can almost guarantee that some laws somewhere have been broken.

if they'd thought it through properly then they would either not run them at all, go through every possible legal outcome with a fine tooth comb or make sure no one would be identifiable.

when things are under the radar it doesn't matter. back in the day you could buy bitcoin with paypal directly inside the blockchain.info wallet. that was only possible because paypal didn't know.

same goes for this.

there has to be a way to make them work, but greed and dumb money are a deadly combo

POSWallet was a good one but I may have missed it's high.

http://s2.quickmeme.com/img/ac/ac8b17107ee84c60e22e6a8fca6e15d974ca334a08823691fe767ec29d590e32.jpg

This is what happens when people flock to stupid ICO's run by god only knows who (most likely a bunch of kids by the looks of it)

If they can't run a ICO successfully.. You think they could run a super computer?

Wake up..

Probably this. Like Satoshi said, in 10 years time Bitcoin will have either great value or no value at all.
In 5 years time ICO's would go away or stay stronger. I think SONM is one of the good ICO's if they deliver the project.

Why would I say that SONM has any competitive edge over the other ICO's from the last month? There has been a lot of good ICO's lately so the competition is though I'd say

True.
Its hard to judge because there hasn't been anything like this since the dotcom bubble in the 90's
I believe it was about five or six years before everything started to fall apart (1994 to just after 2000 before a lot of big companies went bankrupt)

https://en.wikipedia.org/wiki/Dot-com_bubble
lists the biggest gain and then drop from about 1998-2001 so only 3 or 4 years at its peak.
"On March 10, 2000, the NASDAQ Composite peaked at 5,132.52, but fell 78% in the following 30 months"

but the dotcom bubble was based on actual functioning companies, even if they were crappy ones. they had employees, products, services, serious investors and even customers and actual utility. that all takes real time to screw up and die.

icos are dust built on even more dust. their 'bedrocks' are nothing than speculative playthings, let alone their ico offshoots. even bitcoin has a long, long way to go before it's anything more than speculation.

Go on Craigslist and type in Bitcoin and you'll find many people accepting Bitcoin, as do much bigger businesses.  Miners put in time, money and electricity to distribute an honest ledger and get rewarded for it.  That's more than speculation, that's an economy.

Why do you want to buy at the first minutes the ICO start?
Why dont just try it couple hours after launch, if you still see in the thread pple having issues then look the next day?
Why you you '' need''  to buy from the ICO  the first minutes it launches?

During 2000–2002, the bubble collapsed. Some companies, such as Pets.com and Webvan, failed completely and shut down. Others, such as Cisco, whose stock declined by 86%, and Qualcomm, lost a large portion of their market capitalization but survived, and some companies, such as eBay and Amazon.com, later recovered and surpassed their dot-com-bubble stock price peaks.[2]

See BTC as the ebay or amazon, they surpassed their dot-com bubble peak by more then 100 times.

The worst thing about it was the official Telegram channel.

Every 1-2 seconds a scammer would spam their own ETH address in a spoof-style message hoping to trick suckers into sending them money. There wasn't a single moderator in sight banning or regulating this, it was total chaos.

I think the best ICOs to invest in at the moment are those with real world values/applications

Wagerr ICO works just fine

Unless the bubble has yet to come ;)

https://cointelegraph.com/news/icos-high-on-radar-of-us-sec-regulator-source

I don't know that US regulators can actually do anything about ICOs and I'm not even sure I want them to.
There is money to be made if you invest wisely, and if you lose your money you have no one to blame but yourself.
A lot of stupid people are going to go broke in the next few years investing in ICO projects and, honestly, its going to be really funny.

Just be happy that you can't get in these hyped ico's , big money grab all around.

Dotcom companies went down because there were too many of them offering things there wasn't a big market for. ICOs may not go this way because the main thing they deal with - their foundation is simply human greed, and you can count on that to go on and on. Just look around and ask yourself why are there still casinos and gambling halls when we all know they're just a legal way for robbing people.

greed isn't infinite. at some point you gotta offer a glimmer of delivering on your hype. casinos offer it every time you go. that's why you come back.

icos can't continue for a decade without more than a few people actually wondering what this money is actually doing. as soon as that happens en masse it's over.

Some survived but all the companies without any real income stream died very quickly. The ones that survived and thrived were the established players with lots of money behind them. I agree BTC will be one of them but I'm not sure how many of these altcoins there will be, I think about 90% of them need to die for a healthy market to go on.

Check Wagger ICO.
20 rounds. Works great and no issues. And the project is awesome, not overpriced for the future, and relying on a great market and a simple use case (the best of blockchain smart contracts)

That is the way to go.


I agree that other ICO are mostly scams from teams trying to make quick money.
(special prize for IOTA on bitfinex: buy vs. sell is outrageous... )

The best thing we can do is NOT to participate to these ICO.

I can't say I understand what SONM purports to be--I don't even know what they're claiming, because I haven't read anything about them--but you're pretty on the money, OP.  I'm a firm believer that there's very little innovation in new cryptos that are coming out, that all ICOs are just designed to make money for their developers.

I agree, give it 5 years and we'll see whether any of these projects were worth investing in.  Right now the market just seems to be supersaturated with garbage.

100% this, stop crying noob, you got lucky with sonm its 60% likely a scam

get in wager, or notary very overlooked but honest and decent ico http://www.notary-platform.com/

also you can wait for the 2weeks after ico dump see bat,mgo, lgd, you get most anyway cheaper AFTER ico

stop cry man uip and research

Can't agree more. Do not rush into an ICO at the first minute.

dont be idiotic now

Is there any cryptocurrency that people like you haven't tagged as Scam. Most of the media was saying bitcoin is ponzi scheme, bitcoin is scam, bitcoin is dead. you can still find it if you dig old media posts. You can only call it scam if Dev team take all money and run away doing nothing. You can't call it scam even if you loose all you have invested and project fails. Just look stats of Small business in US, 90% of them fail within first year and 90% more within next 5 years. I think blockchain projects are no different.

Yeah your right, ICO also depends on crowdsale itself, so be careful when we chose some ICO

ICO's are popular because they have created good environment for this kind of investment, because few of them were so successful that cannot be compared with any other ways. But people neglecting facts that ICOs still holding "first place" in scams.
I think we cannot do anything about that, only to educate people to recognize obvious scams..

Who's crying? I'm merely expressing anger at the lack of professionalism. If they want 30 million dollars from investors they better have the competence to deliver a working website without errors, and they sure as hell better pay some fucking moderators to purge the scam artists from the discussion groups.

The ICO is working only because speculators are supporting the market, once fundamental kicks in and people networth gets wiped out is when things start to realize

When that time come {quite far from now in my point of view}, many of ICO investors got the profit that they ever wanted.

There are going to be some attempts like what the SEC is doing at the moment but that is not going to stop ICOs, there is simply too much money to be made for the developers and they are not going to stop creating new projects as long as people are willing to invest in those projects without any kind of protection, if people required all of those protections we are talking they will not invest in ICOs on the first place.

I hope, that after SONM, EOS and BNT, some participants will have learnt their lessons: Looking at the price x nb tokens and get the MCap of the project beofre investing.
Imho, the recipe for an ICO, based on the amount of cash needed for development and the expected returns is:

- raising between $2M and $10M maximum, CAPPED amount.
- ensuring a fair token distribution, with multiple rounds (avoid the IGNIS drama), over couple weeks.
- making sure that it brings your Market cap not more than $20M to $50M. (that leaves a x2 potential with some announcements, community drive, and product releases before arriving on exchanges, and leaves room for a x10 to x100 if the company becomes a global hit)

This is something that I think as well, and I think the cap is the most important, I do not see why a project needs to get tens of millions of dollars or even hundreds of millions as some ICOs have raised, after that kind of public support there is nothing for the coin but to go down, the developers need t understand that even if it is understandable they want to raise as much money as possible they need to put the needs of their investors as a top priority as well.

Dude ICOs are amazing. Yes, many are scams but you need to realize lots of them are legitimate companies that are launching tokens to start their business and have no intention of scamming or stealing from you. Actually the opposite.

SONM really caused a huge loss for me too. I joined the ICO and the biggest regret for me. They sold 30 or 40 million dollar euqivalent SNM tokens, but they couldn't manage to be on reputable exchangers. This is also interesting, we still have liqui with zero volume. After this experience, I learnt not to join every ICO randomly.

ICO is the best way to grab some candy from bitcoin holders, These days so many ethereum blockchain based ICO are going on, all server for raising money, they want to be behind the curtain and grab your money and then run away, search and think wisely before you invest in any ICO.

Right I agree with you, SONM is a good project and everyone trusts it. After the ICO ended I thought Dev would work with a big exchanger like Bittrex. I am still disappointed with SONM because the price is so cheap from ICO prices.

If you like SONM and you think it has a future and that it can go up in price then this is the perfect opportunity to buy SONM since it is so cheap, you are going to get even more earnings than all of those that bought at ICO prices, personally I will not invest on it, but if you want to take a shot this seems like the perfect moment to do so, since you do not have too much to lose.

not all ico is bad
same time ico with sonm, monaco price incraese very high, not long time after ico selling end
about sonm , i think need major exchanger, maybe added to bittrex can incraese sonm price

MCO was a great ICO

Don't buy tokens with a mcap of more than $30M anyway... see EOS, bancor, tezos...

The cio which already raised a lot of money will be difficult to grow because the room already filled by the investors, if the supply already over and it can be filled by anyone anytime. That makes there is no interest to buy those coins with high result of ico. Such as bancor and tezos can be considered as a good example.

I think it will be very long SONM can list on Bittrex because this project has lost a lot of potential investors about the delay of the project, which makes long-term investors SONM give up

Now you can be happy. Sonm is widely priced under Ico. You did not make a loss and you did not lose any money .
Which is also also good which you could not buy with the ico . I hope you have neatly bought at 1400 Satoshi  ;D

May be all need to see on perspective not on pump/dump. Team work hardly. And listing on exchanges not main goal for team. And it must be so for all. Then people will cease to get money any who promise quick XX.

congratuations.
you now have change to buy at 30%-60% ICO pirce. I hope you have bought them.

Interesting pattern (price/ volumes)
I won't buy (i am not liquid) , but I believe there is a chance for it to raise soon

Sonm is below $0.07 and this drives me crazy since I've invested this in early phase of the ico. If I didn't invest there, I could have bought two times more sonm coins than I have.

The team should work to get this coin on a better secondary market.

Correct I do not know why people keep falling for this, if an ICO gets 200 million before it ends then you need to be prepared to lose 90% of its value because there is not going to be many investors left to buy the tokens this is why even with the bonuses sometimes the best thing you can do is to wait, if the ICO has raised a decent amount but not much then you can invest but if it raise too much then avoid that ICO and wait for the open market.

Me too.....Got screwed up big time....  they raised $42 Million. But they cannot afford to  release it on atleast one of Top 6 exchanges???? Now its trading on some sh!t exchanges that barely has anyvolume or anyone really cares.

what a bunch of inefficient tools. :-\

Thus you've also learned that participating such hyped icos may be not profitable. You could buy sonm at $ 0.3 after the ico. The hype that saves your money.

So what price did you pay at the ICO? $0.14? Because if that is the case according to the graph at coinmarketcap.com you had the chance to sell for a profit, since you did not then you are stuck holding your coins for a long time, if SONM can get their act together I could see it going up in price once again but the only thing you can do at the moment is to hold.

ICO you need to plan 1 month ahead my friend. It's a tough deal. Enigma should be lucrative. But I hear ya.