How To Tell If An ICO Is Legitimate Or Not

[PHDJarrod12]

Steps:
Step 1 - Wait
Step 2 - Wait some more
Step 3 - Wait until the ICO releases
Step 4 - Watch the price and wait until it stabilizes
Step 5 - Decide if you want to buy

Why is this concept so hard for people to understand? Out of all the ICO's that were successful last year, I can think of maybe 3 that rose above ICO price after they released. Those 3 are GRIN, Nauticus, and the BTT (BitTorrent). That's about it, meaning if you guys invested in these other projects you probably lost some of your money. Why wouldn't you wait to see if the price decreases? Maybe the project doesn't even release! Now you're out a ton of money with no coins...not a wise choice guys. Patience is a virtue!

Projects Mentioned:
GRIN -https://grin-tech.org/
Nauticus - https://nauticus.exchange/exchange/
BTT - https://coinmarketcap.com/currencies/bittorrent/

[AnimeKingman]

Steps:
Step 1 - Wait
Step 2 - Wait some more
Step 3 - Wait until the ICO releases
Step 4 - Watch the price and wait until it stabilizes
Step 5 - Decide if you want to buy

Why is this concept so hard for people to understand? Out of all the ICO's that were successful last year, I can think of maybe 3 that rose above ICO price after they released. Those 3 are GRIN, Nauticus, and the BTT (BitTorrent). That's about it, meaning if you guys invested in these other projects you probably lost some of your money. Why wouldn't you wait to see if the price decreases? Maybe the project doesn't even release! Now you're out a ton of money with no coins...not a wise choice guys. Patience is a virtue!

Projects Mentioned:
GRIN -https://grin-tech.org/
Nauticus - https://nauticus.exchange/exchange/
BTT - https://coinmarketcap.com/currencies/bittorrent/

Not going to lie; this can still fail really easy as any of these projects could exit scam or give up on their tokens at any time. There's varying levels of risk although crypto is a very high risk area. I highly doubt Nauticus would do that Nor GRIN. But BTT could easily bolt with the cash.
The difference being Nauticus is an exchange that is registered; GRIN is decentralized; BTT couldve been a very quick cash grab

[romelitounknown]

It's hard to tell really, until they have done their exit plan.

[Levyathan]

If you just waiting then after it has listed on an exchange you are regret on not buying the tokens on the early sales. Everything in this world you must gamble rather than waiting around.

[patz22]

My suggestion is for to check and do a research on good ICO's and make sure to make a comparison based on its project if it can be a long term or short term investment. Do not invest! Again do not invest because nowadays if a new coin is listed in any exchange there would be more discount as mostly it will be less than 50% from its ICO price thats why its better to buy once it hits an exchange.

[saffira]

For me, it is really hard to tell. It is unpredictable whether the ICO will succeed. But if you really want to buy or invest, it is right to wait and watch out for the price. Also doing research and reading documents is a must.

[Ronaldcoin2017]

For me, it is really hard to tell. It is unpredictable whether the ICO will succeed. But if you really want to buy or invest, it is right to wait and watch out for the price.

I agree on that it is really hard to tell if the ICO is legit or not because the ware so many scam.ivo that has an amazing platform and amazing ways to convince investors. S9 I believe that the very safe way is to look for the legit person or team that handle a successful ICO before, team that is transparent and has a good reputation from the start, I believe that they will succeed becaus meant people will trust them.

[labilaab]

True. I can sense many are in such a rush of selling their tokens, always asking the telegram admin when is the exchange inorder to sell. If you invest or done bounty task on a certain project right before its ICO at least, you should have waited at least or believe on its scheduled roadmap.Everything is stated there.

[bittraffic]

Is going to be hard for someone to understand because of the bonus an early investors can get when sending ETH as early as possible. 25% is huge about and dumping it when the token is listed on exrates or hitbtc exchange will make an investors profit 25% from the beginning. And when discovered its a legit project they can buy back  when the price stabilizes.

[CryptoBry]

The world and market of the ICO projects is full of uncertainties, risks, failures and of course scams. And all of these factors are contributing to its present dying state. We are all hoping that something can be done to make this marketplace be alive again and to regain back the trust and confidence of the investors already lost. It is so hard to determine whether a project has the chance to really make it to the exchange and whether its value will be growing as in most cases there can just be the dreaded DUMP after the project made it to an exchange.

[bittraffic]

Is going to be hard for someone to understand because of the bonus an early investors can get when sending ETH as early as possible. 25% is huge about and dumping it when the token is listed on exrates or hitbtc exchange will make an investors profit 25% from the beginning. And when discovered its a legit project they can buy back  when the price stabilizes.

They can earn through those additional bonuses as long the price when landed on an exchange steadily put into a good trading. Most people mistake is when the token listed is they trade it first with the ICO price and eagerly to sell what is on those buy order. If they know how to hoard maybe more ICO will bloom.

Wait foe the progress and not set order yet even you already have the tokens same with the bounty. Dont push your luck dumping for quick bucks. Youll never know what your letting go.

Its what should happen but knowing most of the prices of the newly listed token will dip to its very least satoshi, they will regret soon when they see the price go that low. They'd better dump and wait for the price to stabilize and buy back cheaper. An investor can triple the quantity of tokens they get while the capital they initially sent is safe as well.

[Olayinka225]

For me I think it's always hard to predict and say what might become of an ICO right from the sale point. But as the trend that's going on in crypto lately, it's advisable not to always buy during the ICO point but rather wait till it hit the exchange, certainly the price is gonna drop heavily and that will be best time to invest.

[LUGHUL]

That means you are afraid of the risks. Some good ICO projects always have higher prices when they listed on the exchange. So, when you want to invest you have to research, and when you are sure of your choice, you can start investing.

[bitmover]

You may decide to wait until price stabilize, and even then it may be a scam.

Look at bitconnect for example z it was a tp30 coin and then it collapsed, because it was a scam


You should look for fundamentals, not the price, to look for a good ico.

[Ociwiw]

In addition to these coins, there was also Counting house, which is now trading higher than ICO!

[therhslv]

The thing i learned is that does not matter how promising the project are , it has really big chance to fail . 2 Projects that i invested is currently at the stage where they are running out of funds . Currently its better ofcourse to buy after exchange listing as the price from ico price will be alot lower .

[HichemFetoui]

I will give you my best trick to avoid spammy and cheaty initial coin offerings try to give a look to the team if the team is well known and have a great history they are not likely to scam you -good luck

[Idrisu]

Investing into anything ico takes Alot of risk and it is much advisable for you to invest into any projects once there are listed in the market or at the exchange.  I have invested into icos before an I completely regret it.

[IVEXO]

It is hard to figure out true and false ico, because most times the Whitepaper flatters every investor
Just dyor and take the risks