Is participating into ICOs and dumping on launch is profitable?

[Dek!]

Hello Pros,

I want to understand if participating into ICO with say 1 BTC and dumping immediately when launched or listed on exchange for 2-5x is a good way to increase BTC balance?

Can you share your thoughts about it?

Also, what tools/sites do you use to watch upcoming ICOs? And what parameters do you take into consideration when choosing an ICO?

Help will be greatly appreciated.

Thanks.

[EcoChavCrypto]

Thanks, i guess.

Hello Pros,

It is profitable, and it is a good move, but you should be very fastly during those times, everytime that an ico is listed on an exchange, during the first hours everybody who has been on their bounty is going to dump their coins.

And this means that the price will drop a bit. If you are fast, you can dump all of them quickly.

I want to understand if participating into ICO with say 1 BTC and dumping immediately when launched or listed on exchange for 2-5x is a good way to increase BTC balance?

investing one bitcoin on a single ico is very risky, they are more than $17800 right now, it is a lot of money to put in game

[kahc]

Hello Pros,

I want to understand if participating into ICO with say 1 BTC and dumping immediately when launched or listed on exchange for 2-5x is a good way to increase BTC balance?

Can you share your thoughts about it?

Also, what tools/sites do you use to watch upcoming ICOs? And what parameters do you take into consideration when choosing an ICO?

Help will be greatly appreciated.

Thanks.

There are no guarantees that an ICO will pump after being listed on exchanges.
Here are few examples of recent launched altcoins/tokens that didn't sustained.

https://coinmarketcap.com/currencies/uahpay/
https://coinmarketcap.com/currencies/xylo/
https://coinmarketcap.com/currencies/magiccoin/
https://coinmarketcap.com/currencies/cappasity/
https://coinmarketcap.com/currencies/cybermiles/
https://coinmarketcap.com/currencies/eventchain/
https://coinmarketcap.com/currencies/mywish/

As you can see, one failed step and your 1BTC can turn into dust.
For choosing ICOs, here are some tips.

Webpages that list and rate upcoming ICOs are usually being paid, so never trust any of them. One google search and you can find zillions of those webpages.

[bitgolden]

Invest in icos and a high risk business because you never know if it can come to revenge after the launch. Many of these opt to sell their tokens at a very high price and once they are released in the market this value simply plummets because the volatile and currency market is not always a new currency and absorbed by it in a quiet way, turning your investment into crumbs. As they said 1 btc can turn into many, always opt for projects with great hype in the community and with a token in considerable value.

[qazgroup]

No dear that is just a myth, and high risk strategy, only 10% icos are hardly profitable at the moment, most are opening below ico price recently. So be careful.

[Oakey22]

A lot of ICO's can be profitable especially earlier in the year, i am not so sure now as everyone is doing the same thing day in day out.

Investing too also loses you your opportunity to profit from that ETH or BTC that you traded for the ICO tokens.

[poodle63]

Hello Pros,

I want to understand if participating into ICO with say 1 BTC and dumping immediately when launched or listed on exchange for 2-5x is a good way to increase BTC balance?

Can you share your thoughts about it?

Also, what tools/sites do you use to watch upcoming ICOs? And what parameters do you take into consideration when choosing an ICO?

Help will be greatly appreciated.

Thanks.

It looks like a big bet but if you are investing on the big bonus and then the price after the token touch the ico price and you will still get a lot of the profit. But that depends on the performance after the coin listed on the exchange.Coin with big hype will have a very good performance.

[commanderbitcoin]

Piece of advice , it is better to trade an existing coin that has a solid community and development rather than betting on ICOs. In ICO it is like betting on a Card games with 52 cards and wishing you get one of those Aces.

[Cnut237]

I don't think this is a good idea, but unfortunately it does happen a lot. It is a big gamble and questionable ethically. Far better to invest in an ICO you believe in, and then hold the coins as the price rises over time.

[Dobrodav]

  some time. first people know that thing so they always be the first to get bonus then dump their bonus to market. and wait price comeback ICO price

[yluna88]

That could work but I suggest you diversify your portfolio. Don't put all eggs in 1 basket. Get into 5 - 10 ICOs instead of just 1 with that 1BTC. Good luck!

[Marco Ambrusini]

it depends on how successful the project will become.Some ICO's are really legit and has high potential of mooning if held for a period of time.Dumping is not a good choice.

[zenhu]

absolutly possible and a lot of people doing that, and some of them happy or maybe sad because when they though they allready gain profit by dumping it the coin it self have price increase. so choose wisely, some coin have no price and some maybe sky rocketing.

[bucksman5233]

No dear that is just a myth, and high risk strategy, only 10% icos are hardly profitable at the moment, most are opening below ico price recently. So be careful.

If you choose and invest in ICOs which have potential then it is definately possible. But we need more hype and small funding cap as this would give more returns. In the recent days Ethlend and wabi gave good returns for early flippers though they are long term project. Good luck in finding ICOs like this.

[5thFear]

Well.. you should only invest in the ICO that seems legit and that seems to have a future and with that you shoudn't be dumping it that quickly,. i mean if you have done proper homework and u have invested while believing that its gonna grow then why dump it ? and if u know that its not a reliable ICO then you shudn't be participating in the first place.

[mai2mai]

That could work but I suggest you diversify your portfolio. Don't put all eggs in 1 basket. Get into 5 - 10 ICOs instead of just 1 with that 1BTC. Good luck!

Who knows? Mabe this guy has 100 BTC on his account, so he doesn't care about loosing one I thinks it's better to measure in percents.  For instance, I'm investing in total not more than 10% of my deposit in ICO's and suspicious projects.

[niisarearning]

It’s completely depends some coins are really less price while hitting to exchanges like etheredelta it’s not any more profitable selling until it’s listed in big exchanges example bitquence powerledger more coins gained huge value after listed in big exchanges.