Bitcoin Forum

I've been on the forum for quite a while now and I must say, I had my fair share of regrets about investing in a specific ICO or joining in their bounty campaigns. All those time, effort and money getting wasted at the end or you would wait for a very long time before you see the fruit of your labor. So how can we somehow mitigate the risk of investing in the wrong ones? Here are my preferences:

• The most important thing before investing/joining an ICO is to DYOR! that is your responsibility so that you will not blame the team or the ICO at the end because of how it turned out.
• Upon doing your own research, you should be able to distinguish what kind of token the project will produce.
• The kind of token we should invest with are "UTILITY TOKENS"

So what are Utility tokens? IMO, tokens that are used right off the bat to cancel out the transfer of money from one country to another, save fees and time like tokens for blockchain(ETH, NEO, NEBULAS, and AION) that acts as fuel whenever you want to stay connected to their blockchain while you are writing your dapp. These can be considered as Utility tokens.

This is what I've learned so far and you guys are free to share your point of view about it so that we can help each other on the forum one way or the other.

I have been reading in the forum that the gain from successful icos offset the loss of unsuccessful ones. It is only a question of luck (and some skills to select the right one in my opinion). Big number and statistic is the key.

There are a few things which are out if our control even after we do the research.
A newer and similar project could surface to rival any project.
Development can stall for a number of reasons.
These have to be considered before investing anywhere.

Even though a new and most likely a similar project would exist or rival an existing one. It will all still depend on the support of the community on that certain project, how they value them that will determine the status of the coin in the crypto community. All coins really have no value, because of we (the community) are the ones giving it to them but that will be base on what features the project has that will make us support it.

China's "Snapchat" which has 800,000,000 users, Google, facebook, twitter has banned ICO advertisements. Game over for ICOs

Do not make assumptions. One of my golden rule.
You risked it then be prepared for the worse outcome. You said it already, do your own research. You might have minimized the risk of deciding who the best alts would be but there are still instances that it cannot produce the fruit that you want.
It lacks the marketing power of the team or maybe there is just really something wrong with them. That is the problem with a controlled token, unlike bitcoin.

There are good ones that really powered its way getting a lot of value but that is out of how many ICO's that had been created.

Even with these factors, a token should be able to progress and grow if it really had the potential to unless it's made to be a scam and was just a front. There are many ICOs that are just scams, and right after the token sale it devalues to almost nothing. Investors lose their money and the developers pack their bags right after (which is filled with money). By doing our own research and looking into whether the token is a "utility" token, this may help us choose better investments. This may not be 100% guarantee but it would help us avoid scams.

Well, this just a typical mistake of a newbie in the crypto world. That is why I'm sharing my own experience so that other newcomers who will come across this thread will have an idea of the possible outcome if they will not make any prior research into their investments.

Why? is bitcoin a kind of token that is uncontrolled? As far as I know, it is also the same as everyone else, it can be manipulated in a way that will favor those who will gain a huge amount from it.

Yes i agree but as we all know there are so many people investing in ICO's With the primary goal of a big return when the token hits the exchanges.

Yes I liked the idea of investing on the utility tokens and I am also getting to know why that is important from one of the ICO that I have invested into. The name is JNT tokens. They are using their own Jcash as mode of payment, trasnfering funds and for different purposes on site itself. This has led to many people to use it and thus put more value to it. In similar ways sociall platform is emerging. They ahve their own toekn that is SCL which will be used from different proposal on the site. This will surely pump the use of it and thus might just make this project go green in long term.

Yeah that's cool tip and it's logical.

In my opinion the vast majority of ICOs are either scam or completely mismanaged. There are absolutely hilarious "business models" among them. For most of them it is pretty obvious that the inventors just want to enrich themselves with the smallest possible effort. The amount of money collected is completely out of proportion compared to actual work done.

I would never invest in half-baked ideas that are based solely on a whitepaper. The best thing about most ICOs is the graphical presentation of their "investor" landing page.

well i have tried ICOs, and i failed, i saw others fail at them too. eventually looking at the bigger picture i figured they are not really worth it. how much profit are they going to give you anyways? 10%? 50%? 100%? all these percentage profits are easily possible when you trade altcoins which is highly risky but still a lot less riskier than investing in an ICO!
not to mention that all this "research" that everyone is doing is time consuming work for a result that you can't even rely on 100%

Investing in crypto is not just a job of newbie as their are great risks involved in it so only a expert should do it and learn each and every thing about the project you are investing in. The investors should know the real goal of the project and how it will generate topics. And I too think that utility tokens are the most profitable and safe tokens to invest in.

What can be done to prevent further loss from ICO is that completely stop investing in any of those ICO as it has become pretty hard to determine whether the ICO will even ever hit any exchange or be dead before.
Rather keep a close look at the coins that are already in the market in the initial phase are doing somewhat good, research everything about those particular coins and if they seem good to invest in then do invest in them whenever there's a dip in the market and HODL. This is probably less risky than investing in an ICO.

If luck is involved in the success of ico investment, I know I will be lucky soon because most of the hopes I had have not materialized, they are still hanging.


I do not totally agree to this because it has not really been proved. I know of certain coins with huge numbers plus large telegram users that appear as fraud or unsuccessful.

Thanks for sharing.Doing your own research cannot be over-emphasized.I have had my own share of regrets for ignoring this.I invested in scam ICO while sad case was investing in an ICO whose team members were clueless,kept asking questions on how to proceed,eventually the project died,coin lost its value and basically became shitcoins.
In my own opinion,i think one of the most important aspect of DYOR is to critically scrutinize the team members,because even the noblest and brightest of ideas will fail is the team is weak or is made up of persons with questionable integrity.

Not only you, Many had made wrong investment in altcoins. During Market surge altcoin grow with 2x-3x speed than Bitcoin but on the other hand, it crashes with the same speed because of the double effect. BTC price crash automatically crashes the price of altcoin as mostly there is pair of it with BTC on major exchanges.

In ICO you need to wait for a long time to see the results and some of them won't even success, but once you choose the right info your profit will be multiply, research and whitepaper is the first thing that need to be checked, and there are still tons of factor that need to search, so investing in ICO is not for beginner, and since it's a long term investment you also going to need luck

Yes please add this one "lucky" to the OP

Yes, this is the most important, make a research about the coin that you want to invest by learning their whitepaper but as I can see most people don't do that especially those who are newbies, besides that reading a whitepaper is quite complicated especially for those which English is not their mother tongue even though there are translation I bet it's not best as original.

 the most icos is scam and you want wait long time to earn from it
but also a little from icos is good and you earn from it big profit
so you should be careful when you want invest in it     

That bolded part is the most important when it comes to ICOs. I too initially did some bounties here but most of these projects are completely worthless and just people looking to make huge exit scams.

What I have found interesting instead is to focus only on one or two of them at a time and take a deep personal interest. Get to know the people behind it as much as you can, mail them and try to gauge their intent. Once I have enough interest in it, I try to care about the goal as much as I would care if i invested in a startup.

It's a good learning experience.

Apart from that, the time and energy spent in random bounties is much better utilized reading here at the forum or just getting to know more about bitcoin. Bitcoin is a huge topic. People have been reading on it for years but still don't consider themselves experts. We have only just begun on the path.

Besides that, I think if you can write well, then doing a little content writing for the bounties isn't all that bad. Haven't tried it much but that's what I'd do if i had to.

So far i had no experienced investing Literally in any ico projects or even investing in altcoins,but i had bad experienced investing my time in one of them,,when a looking good and perfect ico projects tur into a damn shit scamming one,we are more than 500 participants in all sections,signature,social media,translations all of us are victimized by that holyshit scammers

Even if you do your own research and invest in an ICO that has a probability of being successful, there is still a chance that it will flop because we don't know how will the people respond to the ICO or even the team behind the ICO may run after the ICO. There is still an element of luck as we all know because there is always a risk that something may happen that are not in our favor. The problem also with investing in ICO is that many investors are expecting to earn profit immediately when the coin hit exchanges but become disappointed when after it hit exchanges, the price would be 10% of the ICO price which is discouraging.

Good news is one of the factors that makes the price of the coins sustainable so maybe the team should reserve good news and always update the investors so that they will still believe and even use the coin for its actual purpose and not just for speculation purposes.

We will all start from being a newbie in regards to investing in cryptocurrencies so better we take the risk and learn from the mistakes/experience that we will have. The goal of every ICO can be easily known through their introduction, the hard part is understanding or evaluating their roadmap and how they will implement it. It's profitable because it is really being used with regards to its purpose.

I think you have learned well and every wise man and investors should learn from experience. Like the wise man said "experience is the best teacher" and we should try and learned from our experience in other not to have some regret in future. Investing into an ico projects is a very risky one and we should not think that because of the testimonies of others all will be silver of rose for us, the possibility of you losing all your investment is still there.