People wonder why ICOs aren't anymore successful in 2018.
Before you get in, they promise the world.
After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.
Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.
Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.
Time for a change, the ICO model is done for.
You're right with more than 90% of the Ico-based projects. It's sad that there are still great projects on the market and their image is badly affected by the reputation ICO created in 2018. It's harder nowadays to identify good ico projects, but not impossible. Imagine how would be to keep some ETH from its ico price. |
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It's easy to say, but hard to put this in peactice, my friend. What happens if you buy the rumours but they never become news? You will most likely fail into a "buy high, sell low" loop, as most of crypto investors did in 2018.
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In theory yes, practically we shall see. Regulation will bring nore institutional investors and this should be beneficial for btc's price.
Some people already claiming this might spark a bull run. The desperation is real. But many big companies have already adopted blockchain and are heavily invested in the technology, and prices have continued to plunge.
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This advice cannot apply to every crypto investor as investors' trading knowledge is different. If you don't have good trading knowledge it's better to hold your coins until they reach the price you are willing to sell.
You may lose a lot of your funds as an inexperienced trader.
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Most of the altcoins are indeed useless and will remain useless till the end of their life.
But not all alts are the same. Ethereum proved its value overtime. Many existing and new projects are still built on eth, so it is not useless at all.
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I agree that all the speculators from crypto did not help crypto to have a good image.
However, speculators are everywhere, not only in crypto. Gold, stocks and other markets have their own speculators, except other mature markets are not that volatile.
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Crypto is already used for payments and it will be used even more in the future when adoption rate will increase.
I have been recently in Thailand and found one big chart indicating: "Bitcoin is accepted here". The future is bright for crypto, we just need to be patient and wait for the goot time. Good things don't happen overnight.
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I noticed a just ended bounty campaign and a participant got 80K tokens. I was wondering what h will do with that token. I want to know what happens when bounty hunters gets more or huge tokens during campaigns.
What is the total supply of that token? Number of received tokens is not very relevant if total supply is huge. This means that tokens will be very cheap (fractions of 1 cent) and they might worth just a few bucks. |
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Regulation of btc might help as many institutional investors would be interested in buying btc if there are concrete regulations.
Until then, price will continue to be manipulated by big whales and news.
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Of course there are opportunities for ICOs. Just because ICOs got a bad reputation as many of Ico-based projects became scams doesn't mean that every ICO is the same. We just need to be much more careful when we choose to invest in an ICO, but opportunities will always exist in crypto.
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This could be just an ordinary invented story, you don't have to believe anything you read on Internet.
However, I'm pretty sure that btc's early adopters are still very reach people if they were patient enough and kept their coins or sold in late 2017.
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As long as you don't share your private key you should not be worried. If you want to eliminate any risk, just go for a hardware wallet in case you didn't do it already. |
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I don't like to use the word investment and cryptocurrency because all of the popular cryptocurrencies are controlled by the Gambling community both by the applications that are built on each of the coins blockchains and because some of the first movers were casino owners. Cryptocurrency is a gamble to say the least
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In 2019 I will try to liquidate some alts from my portfolio that I don't believe anymore in their future development and try to accumulate more of promising coins each time their price will decrease.
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Sooner or later Btc ETF will be approved as big institutional investors are willing to join the boat. The just want to buy a lot of btc before as cheap as possible. Until they did not filled their pockets price will continue to be manipulated. However, don't forget that price reached 20k without any ETF approved. |
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It's a matter of time for btc to be truly adopted world wide. But nobody knows when this will happen or how the price might fluctuate in the future, no matter what crypto gurus/expert think.
All the crypto gurus are either sunning themselves on their private islands or are now working 3 jobs to pay back their trading losses and mortgages.
I think some people got greedy, so instead of investing $5k, then when it was worth $10k taking the initial $5k out, they let it all ride. Now it's worth $1k and they're regretting it.
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ICOs are not dead, but be careful as many of them are just ordinary scams.
I worked with many ICOs, lots of great legit projects, super-strong teams, good concepts - but an eternity of sh*tcoins reaching out trying to get promo every week. Some of the funniest things I've ever seen were the websites of the worst scam ICO's, literally the digital equivalent of a 4-yr old fingerpainting
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I agree with you, mate. I don't intend to sell one single satoshi from my btc holdings as the potential for btc to raise the next years is very high.
If you invest only what you can afford to risk then there is no reason for you to sell now when price is very low and a much better option is to keep your btc and monitor the market for the next years. Patience is one of the keys in crypto.
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Ive never bought any coins before and am considering opening an account while the coins are low
How would you invest $1000 - 2000
Thanks
If I were you, I would invest 50% in Bitcoin, as this is a crypto gold. Don't miss this opportunity to get some Btc at a discounted price. 25% I would invest into crypto silver: Ethereum. The rest of 25% I would invest in new projects after having performed a lot of research before. (If you look for a great project, just have a look to Mycro Jobs - details in my signature) |
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ICO culture has been very affected by what happened in 2018 and a lot of exit scams ICO-based projects.
But this doesn't mean that good ICOs stopped to exist. They just became harder to find, but they will always exist on the market.
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