Latest posts of: iconoclast

Quote from: daniel_g on May 30, 2018, 10:47:42 AM

Hello Everybody,

Could you please share, if familiar, what are investors usually looking for in an ICO?

I am part of a team managing ICO (soon it will be announced) and it would be useful to know what the investors are considering when investing in an ICO?

Thanks in advance.

As an investor some of the most important criteria I use to judge an ICO is:

(1) The quality of the team behind the project - I want to see people with proven skills to advance the project and I want to be able to verify their information from reliable third party sources.

(2) A business worthy of tokenisation - I look for companies whose business idea is directly relevant to the blockchain and reject companies when the only reason for issuing tokens is their inability to raise funds another way.

(3) MVP - I want to see a minimum viable product, I think it is important to see the team have invested a little sweat equity before they start asking for money.

Quote from: marksayson on May 11, 2018, 03:39:47 AM

I have witnessed almost 5 consecutive ICOs that is a hyped ICOs and also sponsored a bounty campaign with big rewards goes way below ICO price. The ICO have a lot of potentials to have a high price. But when the time comes when the ICO concluded and when the time comes when it hit on the first exchange the price really dips hard. Is bounty hunters one of the cause of the price dip?

Typically the bounty will be 1% or 2% of the total of the tokens issued. Even if all the bounty hunters decided to sell all their tokens it would be unlikely to have a big impact on the price. A more likely cause is large numbers of tokens sold at a discount during the Private Sale or Presale. It is not unusual to see these tokens being sold at half the price or less of the price offered in the ICO. Bounty Hunters get blamed but it is almost always the PreSale whales behind the selling.

Quote from: altcoinanalyst1 on June 06, 2018, 02:55:51 PM

Hello friends,
I am going to participate in bounty signature campaign. Can you guys suggest me some strategy. Like which bounty should I choose, how can I speculate what bounty is good for earnings etc.
thank you.

I will assume your strategy is to make the most amount of money in the shortest possible time. If you follow a few rules of thumb it will point you to the most lucrative signature bounty.

(1) Look for bounties that pay a percentage of the money raised.
(2) Look for bounties that are likely to hit their hard cap.
(2) Look for bounties that have short time frames.
(3) Look for bounties with not many participants.
(4) Look for bounties that have a small differential between low and high ranks.

Quote from: cryptoasis on June 07, 2018, 08:31:31 AM

Hi. You were excited about the project and get into ICO, but once token released and listed on exchange, it pumped and dumped and stabilized the price at around 0.20x from ICO price for a long time, which even with some slight good news, i.e, beta release, did not do much impact in price. What would be your next step? HODL it in anticipation of some great news or sell it?

If you believe in the project and the people running the project are executing their business plan then I would continue to HODL. I generally sell tokens or coins only when they have (a) hit my price target and I now consider them fully valued or (b) have failed to execute their business plan or done something else that has caused me to lose confidence in them. These are startups you are investing in and often it takes a couple years before they gain traction.

Asking for you to send Ethereum is a red flag. From looking at the Project, I would not even have joined the bounty program as this project does not pass my due diligence.

I have participated in so many KYC's done by dodgy ICO's that I am sure my personal information is widely available on the dark web. My personal circumstances will however make it very difficult to exploit any of that information to your advantage, so I am past the point of worrying.

Quote from: devinede on June 05, 2018, 02:30:13 AM

please i will like to know this so i can be well informed

Some of the important things you should gain an understanding of before involving yourself in a bounty program is the difference between stakes based bounties and those that pay a given amount of coins per task. In a stakes based system your remuneration may depend on how many people participate (more participants = less for you). The other thing that will have a big impact is if the bounty is a fixed amount of tokens or if it is a percentage of the amount raised.

Quote from: concient on June 01, 2018, 11:27:21 AM

Hello there,

I am new at this topics, many of my friends said that ripple is the worst cryptocurrency,
because don't represent the spirit of a cryptocurrency has to be.

May be someone can bring me more reasonable argument about why i wouldn't invest on ripple or in other hand, invest on it.

please, all the help will be appreciate because i want really learn all about crypto.

Many people, myself included, do not consider it a legitimate cryptocurrency because its centralised nature leaves it open to manipulation by those that control it. I have also decided to not invest because most of its value is based on a belief in its future adoption by banks. This argument ignores the basic facts that banks are more likely to adopt a platform they collectivelly own, like SWIFT, and even the banks that are working with ripple on blockchain solutions are using a version of the ripple blockchain, but not the XRP coins.

Quote from: jamesashmore1964 on May 23, 2018, 11:05:17 AM

Why?

Because the future is not here yet is the short answer. There are still many things to be sorted out before we get to the point that the use of cryptocurrencies is widespread and ubiquitous. It is not just technical obstacles that need to be overcome but also regulatory. But even with the formidable obstacles I have no doubt that in the future most transactions will be done on some sort of blockchain.