Latest posts of: iconoclast

Quote from: Nordwolf on August 21, 2018, 01:04:28 PM

Keep in mind that well over 80% of all ICO's are scams (that estimate would still be very optimistic, the real number might be high as 95 or even 99%)!! Of course there is some promising ICO's as well but because 80-99% of them are scams people are starting to be very afraid and careful to invest in any ICO's (including the most promising ones), and this will hurt not only the succesful ICO's but also the whole Ethereum community.

That 80% is a number that gets quoted often but if you look at the original source they count every single ICO that failed to reach its soft cap and returned investors money as a scam and every ICO project that never got to the point of raising any money. The fact you include 99% as a scam shows you have not a clue what you are talking about. I have done bounties for over 200 ICO's in the last year and only 20 have turned scam as far as I am concerned and I include those that reduced their bounty in that number. As far as outright scams where they ran away with the money I have only had 1 do that.

Quote from: Jr.robert on March 27, 2018, 05:41:40 AM

It's a Very Struggling time for Cryptocurrencies. The Market Goes down approx 10 to 15 Percent. Bitcoin Drop down $7k, On the other Hand, Ethereum goes down $400.

Very simple lesson I learned over 30 years ago when I first started investing in things is that corny phrase "buy low, sell high" is in fact true. The best time to invest in anything is when everyone else wants to sell and the right time to sell is when everyone is buying. The time to take profit on your cryptocurrencies was when everyone else was buying in January, now that it is August and things are really down the only thing you should be doing is buying more.

Quote from: Nordwolf on August 21, 2018, 12:29:37 PM

ICO scams are really hurting Ethereum's price and reputation, and it's very high likely that we will never see same volatility of ICO investments (like in 2017) again because of these ICO scammers.

Let's imagine that ICO investing is now over or it's very minimum compared to what it was before. Of course there could be other types of projects on Ethereum blockchain besides ICOs but their effect on ETH:s price would be minimal, and this could mean that ETH would be only used as a store of value like Bitcoin. Could ETH survive this outcome and some day still recover it's price back to 1000 usd?

Ethereum has more people developing projects on its standard than any other, even Bitcoin. Smart Contracts are not just for ICO's so I think it would survive even without ICO's. I think your entire premise is faulty. The selling that has pushed down the price of Ethereum was not from scam ICO's, it was from large succesful ICO's like EOS that raised their money in Ethereum and then tried to turn it into USD faster than new ICO's where able to absorb the slack. Also ICO investing is not over, so who cares about specultaing about it. You may as well ask would Bitcoin be as popular if it became centralised like Ripple.

Quote from: alexey14 on August 14, 2018, 01:31:04 AM

ETH TO 100$ Soon, Sell now.

I guess you missed the first day of investing school when they explained that the secret was to buy low and sell high. Listening to clowns like this guy will cost you money. These are the same dumbies that where investing everything they had last year around Christmas and New Years when the hype was at its highest. Right now the only change you should be making to your Ethereum hodling is buy more.

Quote from: CryptoSkBoss on August 20, 2018, 08:15:40 PM

Hi guys i have 750$ in my pocket right now and i want to invest that in crypto so can you guys suggest me where can i invest those. It will be really helpful for me as I'm newbie in Crypto field.

What I would recommend is invest the entire amount in Ethereum. Ethereum has the best use case of any coin and is currently trading at a very low price. While you are holding your Ethereum you can start educating yourself about ICO's. Then as you see ICO's that are really good opportunities you can purchase a small position using your Ethereum. You can learn about ICO's on this forum or if you have some time a good way to learn more about the ICO process and get yourself tokens without spending money is do a few bounties.

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