There are 3 kinds of ICOs: 1) SCAMS2) CRAP3) LEGITIMATEYOU CAN REDUCE THE RISK BY USING 3 FILTERS1) The project’s idea should make sense, but do not base your investment decision purely on the idea. Watch: There are probably 10 other people with the same idea that you have or that the ICO has. The most important factor to success is the ability to execute. HAS THE ICO TEAM BUILT ANYTHING THAT WE CAN USE TODAY?If not, take a pass. This is the best evidence that the team can execute. It takes way more skill, time, work and money to build an app than to create a one-page website and video. It shows: - The team has proven that they can develop.
- It is less likely that the team will invest so much and not follow through.
Everything else is useless. Don’t be fooled by big teams, fancy pretentious titles, references, roadmap, video, fancy animations, escrow, blogs, Slack, Telegram, Twitter, Facebook, Reddit and white paper. One project stacked their team with a dozen people and then lied about them. One member had the title of “Blockchain Expert”, but he worked in Inside Sales until 1.5 months prior. One member had the title “Blockchain Developer”, but he never developed a blockchain before. Here is an example of a project team using fake photos and fake names: https://bitcointalk.org/index.php?topic=1949528.msg19485217#msg19485217Don't rely on Github unless you can verify that they didn't copy the code from someone else and you can run it. Several high profile projects raised millions of dollars and still have not produced an app. This number will grow and become more evident in the coming years. Gnosis raised $12.5 million and their website says: “The Hunch Game is nearly ready and can be launched in the first half of 2017 as an example Gnosis app.” No app yet. Qtum raised $15.6 million. I don't see anything produced on Qtum's website. After raising $50 million, Cosmos's website is still pitching its white paper. Come on. What have they produced with that $50 million? Augur had Vitalik Buterin on their team. After Satoshi Nakamoto, Vitalik is the most desirable person in the universe to have on an ICO team. After raising multiple millions and after two and a half years, all they’ve released is a simple beta that is barely usable. Don’t be suckered by animations and videos. Satoshi didn’t have any of this and his coin was the most successful. Besides, the animations aren’t that impressive anymore, as I’m beginning to see the same animation on multiple websites. Some of these teams must be using the same graphic designer. 2) IS THE TEAM FROM A CORRUPT COUNTRY?If so, take a pass. The number of ICOs from corrupt countries, especially those that were famous for sending out phishing scams for years, have exploded. 3) “NEVER INVEST IN A BUSINESS THAT YOU DO NOT UNDERSTAND”Last word: You need to be able to verify that the business problem exists, that the market size is truly as big as the ICO claims and that the solution is possible. I'm sorry I deleted a lot of info in my quotation, it was done solely to make it shorter and main points visible at first glance. Your kinds of icos seem to be fine, it's hard to think of other major kinds at least. However, an ico might be a legit one and yet fail due to some unexpected reasons, nobody is ever protected from that. What should also be mentioned is that perfect icos don't really exist, I guess they all have their downs. And yet it doesn't create an obstacle for one to earn a lot of money by investing into it. What's more, I disagree with your advice not to invest in an ICO whose team is from a country with high level of corruption. People are different in any country and projects developers might actually be good and it's unfair that good people from a bad country don't get a chance to succeed. |
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Maybe some ICO's have poor management thus making it a failed campaign and less participants joined them but in their own place or area maybe they advertise the project and could be the reason why it was successful.
Perhaps you're right about the management. In a way, the situation of which the op was speaking is a paradox, for how can an ico be successful with a failed bounty campaign? The less number of perticipants is, the worse the outcome is likely to be. Maybe creators just put a lot of their own money in the ico to make it look like it's a successful one and that's it. I would stay away from such suspicious projects. I think that even if the project does have a nice idea but bad ways of promoting it - ICO will not be successful. |
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Let me tell you how i made a lot of money in the crypto market, actually few hundred thousand USD. It was July 2013; the Bitcoin price was on 70 USD. After my research, I decided to buy a few Bitcoins. I had 10K USD sitting in my bank account. Crypto market wasn’t popular like today but I realized that this could be a good opportunity for me to get out of the rat race. I didn't invest the all my 10K as I was still not so sure about this investing those days, but today I can tell you I lost potential earning of nearly 300,000 USD. The good thing is I did invest 5K USD and i bought 72 Bitcoins, four months later the Bitcoin was already above 700 USD and my 5K worth more than 50,000 USD, it was an amazing rally. As you know the Bitcoin price today is more than 4000 USD which mean that my 5K is now worth more than 288,000 USD. Lucky me that I listen to my wife this time and i didn’t sell my Bitcoins till now. Now i decided to share my knowledge in crypto industry with you and help you to find the new opportunity like the Bitcoin was 7 year ago. When you decided to invest in crypto you need to ask 3 important questions:1. What will rise the value of the coin? 2. Who stands behind the coin? 3. Where and how I can realize the profit? I found the new coin “PAX” that answer all those questions 1. There is a few reason why PAX value will rise, PAX is the driver of the ecosystem (PayperEx - www.payperex.com) and the only one used. PAX will be issued only during the crowdsale, once complete, no further coins will be generated. Its means that there will be limited quantity of PAX. The more the demand for PAX will rice the more the price will increase. 2. The PAX Token is issued by PayperEx Limited. PayperEx’s founders, after more than 15 years of experience in the financial sector, came up with an ambitious and ground-breaking goal to revolutionize the concept of a Shares Market by removing any existing barriers. Payperex’s team consists of experts in online trading, marketing, research and development, financial compliance and regulation. 3. PayperEx provides an end-to-end platform of coin services including a personal secured wallet and a built-in exchange service to sell or buy PAX coins. PAX will be traded immediately after the purchase that makes it very attractive. CONCLUSION After making an analysis I found PAX is the most attractive coin to invest in. I have no doubts about the PAX and I'm not going to miss this opportunity. Okay, so you say you earned lots of money because of investing in bitcoin and if this is true (you didn't provide any proof of that) - congratulations for making such a successful decision. Nevertheless, even if we suppose it is true, investing successfully once doesn't lead to the next successful investment. Let's suppose you are not trying to promote your own project and somehow just want to share your knowledge with others about PAX. Even in this case you might end up being wrong and losing everything. Unfortunately, it doesn't seem to be the case, for PAX is not even on coinmarketcap currently. |
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Okay, as nobody really said much about this coin and it's value apart from the point that it is a lot like gold and is the main currency on some exchanges, I decided to make a little research. The coin's price is still growing a lot and marketcap is $25 mil. The dev team is small and not very experienced. In their official intro there's basically nothing said apart from it being platinum to btc's gold. There isn't a lot info on the Internet about the coin as well. I don't like such projects which don't show their white papers rightaway.
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it's best to forget day trading. i don't know where the idea it was easy came from, but it certainly is not.
most people will throw their money away in no time. even if you keep your head above water it'll dominate your life and you could lose it all in a few moments if you're not sensible.
with most coins if you'd bought them at the start of the year and done nothing you'd be sitting on truly insane profits. day trading's an increbible amount of effort with massive potential downsides.
I couldn't agree more about daily trading being too hard, risky and useless. Surely if one needs regular income from investments then daily trading is appropriate, but getting good profit is a lot easier when you are investing in a good coin long-term. With time, most of top cryptocurrencies grow in price and so the profit is almost guaranteed. Surely you'd better keep track on the prices anyway and check the news if your coin suddenly drops, but it's still a lot easier and requires less risk. |
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This is an opinion piece from due.com. The disclaimer in the article states:
"The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
This is a typical way to mislead people on this forum.
Well, if you say so, then the thread's name is not quite correct. Yet we can't know it for sure, which is the first thing, and the second one is that people might not get so deep into details and believe the news which can result in price growth. So, overall, it's good news for waves anyway. It's a fine platform, maybe it will gain more popularity in the future. People on Nasdaq will at least become more acquainted with the whole new world of cryptocurrencies. |
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I've looked at BMC when it was still an ico but decided to invest after the coin is released, because I'm not into investments into icos. This coin and the whole project seems great to me, the dev team is rather experienced as well. At least I believe these people don't want to scam everyone. I hope they will manage to get higher demand for their coin than there is now, because currently the price is almost not growing. I suppose it's among the most promising icos so far.
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Get used to the forks. This is the developer's way of putting work into Bitcoin and making slight incremental improvements. Sure, the majority of the hard forks have been useless (except maybe Litecoin) but I'm sure in the future the upgrades will be significant enough that they will warrant attention from the rest of us. Bitcoin is slow, expensive and clunky, but it will be used as the legacy system for future upgrades.
The smart play here is to buy Bitcoins and hold during every hard fork. It's unpredictable to tell which forks will be more valuable than others. So immediately reinvesting your forked Bitcoins back into Bitcoin could be a very profitable strategy.
It may end up that one version of Bitcoin (Bitcoin Gold, maybe?) could become the miner's favorite, the original Bitcoin could be the investors favorite, and maybe some type of Bitcoin in the future will benefit banks and corporations. Maybe we'll have the perfect version with 0 transactions fees, and instant confirmations.....who knows. Even if each new version feels the same, the point is that each hard fork is an upgrade of some kind.
Is it actually correct to say litecoin is a fork of bitcoin? I thought this is rather said about bitcoin cash, future bitcoin unlimited and soft fork bitcoin segwit which we have now as the most legit bitcoin of them all.. I think that soft forks might actually improve btc and help solving some problems but people lack consensus, unfortunately, and, as a result, everyone does their own versions of proper bitcoin thus slowly destructing the one and only. |
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What are some characteristics of a good ICO?
A good ICO is ought to have some interesting idea behind it, something unique. Marketing strategy is also important. Website and videos must be of high quality and there got to be mentions on some other website apart from official info. What is also important is a good dev team with experienced people taking care of the project. Finally, it's best if an ICO also has a real project to which is it connected, maybe some contracts with major organizations or something like that. |
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I read the article posted by the OP. It's too short to make much sense of it, as for me. I mean, it is said they will be banned followed by Chinese bans, but I guess Chinese ban is temporary and will simply lead to regulations, whereas we don't know for how long will icos be banned in Korea. Moreover, as I read in comments, only South Korean icos are under the ban, others are totally fine and legit (or at least not banned). I guess we'll see more info about it in the future and it will help to throw light on what we have here.
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Ethereum and litecoin are the most risk free coins in the market. We can also add Dash, Monero to this list as well. All other coins have speculative prices.
I agree, especially on litecoin. If we look at historical snapshots of currencies on coinmarketcap, we'll see that litecoin has been around for a really long time. If we take a look at recent years, I would say that ripple, dash, monero, ethereum and for recent times waves have been rather stable and kept growing with time. Others are mostly just too new to judge and predict long-term IMO. The op is asking about 5% profit, I guess it's safe with coins mentioned above. |
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In future I think there will be lots of ICO and most of them will be just scams with big claims. I got surprised to see even a project without proper whitepaper or team is collecting millions of $ through ICO. That's just crazy, people are just investing their ETH in random ICOs if this will continue like this than people will stop trusting even a legit ICO in future.
Well, most of people in this thread talked about regulations and I think it is truly likely to happen and minimize scam projects as you call them. I think you are wrong about the future, it will rather offer us cleaner market due to regulation and high competitiveness of coins, because there'll be a lot of legit icos and people will become more serious about choosing their object of investment. |
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which Best alternative bitcoin for long or shot holding ?
Well, as for short holding, it is always different coins, you know. In general the new ones are very unstable and one can play on that, whereas old ones like ltc, eth or doge don't really change in price all of a sudden mostly. I think gas, hshare and walton are the best short-term ones currently. Surely these are not really even close to competing with btc as currencies. Long-term ones are IOTA, litecoin and maybe ethereum. |
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the right time to buy Centra, I think now. because this will be a very appropriate start for future investment in the future. Centra is predicted to be successful in the future, following Monaco's previously successful track record. so if you want to invest now is the time.
It's good there are some markets where it's possible to buy it. The price is already $1.14, so I guess it can grow more. Maybe the coin is good short-term, because it's young. They have their own cards, so I guess this is a step into reality where one could use cryptocurrencies in daily life. Yet I think that maintaining the card will not be really cheap and, moreover, in their white paper I only saw the current option to buy goods on cbay, so I guess it really is more of a theory than practice for now. |
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Okay, the whole idea of SALT is that one buys membership, stores btc and lends some fiat, right? And then there's a term to pay it back. BTC held is like a guarantee that you'll pay back, or otherwise you can lose it, right? As it is built on smart contract, I guess it's really nice and a lot better than the usual pawnshops. The dev team seems to be quite fair as well. Yet, as for the price, I guess you should wait more. I believe it will fall once again, because the coin's really new and needs time to stabilize. I think you should go for it, just not now.
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I hope I picked the right subforum to put it inWell I mean the obvious red flags are when there is no information about the coin, no future plans, etc. Even a noob like me knows that much. An example, someone announced a coin called ''JFK coin''. See topic here: https://bitcointalk.org/index.php?topic=2233654.0Red flags were there, so I asked him the purpose of the coin, and the future he saw with it. Basically said that I thought it was a scam. He deleted that comment, I figured I’d ask nicer and make him realize people need that kind of info otherwise it looks scammy. So again I asked him: ''What is the purpose of your coin? What do you see for it in the future? People want this kind of information before they invest into something, so telling us would be beneficial to you.'' Aaaaaaand... he deleted that comment as well. Of course he did  . But nevermind that. What are some other red flags for scams, that might not be as obvious to a newbie? I think that unfortunately it's hard to determine scam in advance. I mean, it's quite easy to tell good and bad projects apart mostly, but bad projects are not surely those trying to scam you. Anyway, I would say that ICO which is to be considered seriously must have its website with explanation of the project and dev team with info about every member of it. It is also very good if ICO is already related to some really existing project like a casino or some company.. The quality of adverts, site's design, companies and dev team actually define whether the project has chances not to be a scam and to actualize itself. |
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Jee, does your signature campaign makes you truly promote the coin you advertise out there? Why are you writing about sentry? I noticed that Sentry ico had no website, no Twitter and that everybody posting had Sentry logos in their post. It seemed like a scam to me so I commented and said I think this is possibly a scam and they instantly deleted my post like they had it automatically deleted based on the keyword scam. It sounds like a good project but realistically if a company is willing to spend millions of dollars to conduct an Ico they should at least have a website.
I guess this guy might be right! I just wanted to check out what is this coin all about and Google didn't give me the official website on the first page! Even the signature doesn't lead to their website, only to bitcointalk thread! I guess this is the least plausible next big thing I've ever seen. No marketing, no website, dev team without experience... |
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you seem to be pretty new to this, so welcome to the heavily manipulated altcoin market.
try checking out the market prices of all the altcoins every day. you can use coinmarketcap.com for that. just go to the home page and click on the last row saying "% change 24 hour" to sort it in descending order.
as you can see on top, everyday something is rising 100%+
this day it was VeChain and SONM and Bitquence which are either pumped or in the process of getting pumped.
what i mean is that stop looking at random ICOs and try to catch them for pathetic profit. look at the pumping coins and buy them to make profit every day and big.
Yeah, coinmarketcap's a great website but I think the op was talking about ICO charts and they are not actually present on this website. Though this fucktoken is actually there! The thing is that the most of it is on etherdelta and this exchange is famous for crazy deviations from the actual prices of coins. Anyway, I agree it's not worth one's time to waste it on such stupid things as ICOs, it's better to wait till they are released and keep track on the prices on coinmarketcap.com and not forget to look at the markets which form that price. |
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Why do you think that Altcoins will boom again after the BTC Fork?
I'm not saying you are wrong, I just don't understand your reasoning.
Why do you think that Altcoins will boom again after the BTC Fork? Mass adoption! The only thing holding altcoins back right now is because everybody wants bitcoin to get the extra hardfork coin. Once that's over, investors will pour back in to the altcoin market. Or maybe people are hedging with alt coins now, ready to jump back into bitcoin after the fear of the fork goes away. People don't need to go through bitcoin anymore. Bitstamp, Coinbase, Kraken and all the major bitcoin exchanges have fiat - alt trading pairs already. Υeah, I don't think it's reasonable to think that when there's another btc more people get interested in buying altcoins and stuff. I really think it can lead to both dumps and pumps. As for bitcoin cash and another something coming next - I think it's not fair to do stuff like that and it's very negligent of the danger it puts the one and real bitcoin. Please, let's not fall for clones with slight differences and choose what the dev team has chosen! |
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I think waves, eth and etbs is a great coin.I am hopeful that after 10 years these coins will remain and there will be very good profits. Which will help you to become a millionaire. Seeing their position at present, understand them
I agree that waves is a rather good platform which has chances to become more popular in the future and surely ethereum is still on top in the list of altcoins. NEO is definitely one to look out for. Incredible community.
ETH and XRP.
Also perhaps think of some ICO's like ETN, SWARM, RNDR etc
Well, perhaps NEO will be all right as a coin but I don't think great future in terms of its price is actually ahead due to China. XRP - dealing with banks is a good project but I really think the supply is too big for this coin to grow in price a lot and I also think bmc has better chances in this sphere, they have a great dev team. |
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