How many profitable ICO ventures are ahead of us?

[jeffthebaker]

Let's be honest. Sooner or later, this is going to come to an end. Profits don't appear out of thin air, and in a bullish BTC market, it's becoming harder and harder to profit off of altcoins. I'm hoping WAVES will be profitable, I threw some BTC in there. I also have some coin in Elastic, but I'm not sure I'll even recover that initial investment. Certainly do not think Rise or Wings will do anything good for its investors

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[bathrobehero]

If by profiting you mean throwing money at random anon "devs" and their ICOs in the hopes of making profit you're not making any money, you're just gambling and riding variance - which will eventually catch up to you and you'll eventually lose money because in the ICO game the dealer have a massive edge and (unlike poker) ICOs are purely gambling without the slightest element of skill involved.

[benthach]

Let's be honest. Sooner or later, this is going to come to an end. Profits don't appear out of thin air, and in a bullish BTC market, it's becoming harder and harder to profit off of altcoins. I'm hoping WAVES will be profitable, I threw some BTC in there. I also have some coin in Elastic, but I'm not sure I'll even recover that initial investment. Certainly do not think Rise or Wings will do anything good for its investors

all are scam and the fear of missing out from lisk so their only option is to throw money at the scammers
all are just copy/paste getting rich quick ico scam

[balu2]

It has to end in tears 

[iCEBREAKER]

It has to end in tears 

The PAAP (Platform As A Platform) ICO fad is this

https://bitcointalk.org/index.php?board=78.0

all over again.

ETH has sufficient critical mass to possibly succeed.

But the rest are hopeless wanna-bees, stealing noobs' lunch money using glittering promises of getting rich quick.

[TravelsAsia]

Let's be honest. Sooner or later, this is going to come to an end. Profits don't appear out of thin air, and in a bullish BTC market, it's becoming harder and harder to profit off of altcoins. I'm hoping WAVES will be profitable, I threw some BTC in there. I also have some coin in Elastic, but I'm not sure I'll even recover that initial investment. Certainly do not think Rise or Wings will do anything good for its investors

all are scam and the fear of missing out from lisk so their only option is to throw money at the scammers
all are just copy/paste getting rich quick ico scam

Way to generalize. ALL are copy/paste? I didn't know control c and v were so powerful.  I've read some of your posts, you have good insights at times but these type of statements arw nonsense.  Everything is a scam at BTT, unless you hold some.

[The Sceptical Chymist]

If by profiting you mean throwing money at random anon "devs" and their ICOs in the hopes of making profit you're not making any money, you're just gambling and riding variance - which will eventually catch up to you and you'll eventually lose money because in the ICO game the dealer have a massive edge and (unlike poker) ICOs are purely gambling without the slightest element of skill involved.

And there was a thread here just recently about traders and whether they know what they're doing.  And I agree, I don't think there's any element of skill involved.  I never heard it described as "riding variance" but then again I don't get out much.

I much prefer the stock market, where there's at least some substance behind the ticker symbols.  In the altcoin world, it really is just smoke and mirrors.  It amazes me that these coins have any value whatsoever.

[cryptohunter]

sadly bitsupra hasn't done as well as I was hoping

[Piston Honda]

Let's be honest. Sooner or later, this is going to come to an end. Profits don't appear out of thin air, and in a bullish BTC market, it's becoming harder and harder to profit off of altcoins. I'm hoping WAVES will be profitable, I threw some BTC in there. I also have some coin in Elastic, but I'm not sure I'll even recover that initial investment. Certainly do not think Rise or Wings will do anything good for its investors

all are scam and the fear of missing out from lisk so their only option is to throw money at the scammers
all are just copy/paste getting rich quick ico scam

both right.  reminds me of the first ico runs we had over a year ago for all the different bullshit hype phase coins.  colours, weed, anon tech, etc. and now it's plat/plat shit like eth related from these same (or connected "devs") who work from eastern europe (mostly) to get big ico names/hype/shills and bit btc influx with NO reason for it.

[Spoetnik]

It has to end in tears 

These guys here don't grasp basic common sense.

Break it down ..where does profit come from ?
Someone else's empty pocket !

So it's a cycle in play and unless there is a large amount of new users with fresh money
being injected into the Altcoin scene then this crap has no where to go but down.

I seen it clearly in late 2013 / early 2014
when i watched guys fumble over each other to list all their GPU's on eBay.. that was a big warning sign !

So the odds will get worse & worse and the desperation off the greedy will roll on..

You reap what you sow guys.. you made your beds.
You fucked the scene up and ruined it and it's doomed & simply playing out as expected.

The only savior to all of this would be to attract a lot of fresh new users from the general public
but the more you all pull this stupid ICO scam bullshit the less likely they are to come.

If you gamble and you never pull your money off the table your going to walk away broke.
The vultures play by their own rules and they win eventually..
Because they have the buy power and cash to control the markets.
..as well as make the coins and run the exchanges.. it's a playing field that can be tilted in their favor anytime.

Put a dollar in your hand and then reel in the gullible *cocky* Investards.
The horse leads you around LETTING you think your in charge.
But it knows who the boss is..

If some group of shady greedy idiot ICO profiteers decides to go legit and be positive / constructive
they will simply be replaced swiftly by other morally bankrupt greedy self destructive weazles.
So the situation stays the same.. FOREVER.

The only way to break this cycle of the snake eating it's tail i think is with regulations.
And i doubt much is going to get implemented.
If we're lucky we will we see some arrests but i don't expect much.
So aside from that i think we have a "Free Market"
Which means we have the ability to ruin things and if we can ? ..we will.
It's the way of life in all aspects in all of human history.
Like ruining the environment for example..

If shoving babies in blender spits out $100 dollar bills there will be lots of people doing it.
The sacrifice is not a problem.. hell people are more than happy to destroy the entire Earth.
..all for a buck $
So why would Altcoins be any different ?

This is all designed to fail.
And by fail i mean wither away into obscurity with massive amounts of bag holders with worthless *tokens*

I'd say smarten up but it's way beyond that point guys.. the damage is done and the wheels are in motion.

I slow clap for you Investards.. congrats & good job guys ..you are all utterly fucking brilliant.

[glerant]

Let's be honest. Sooner or later, this is going to come to an end.

People were thinking along those lines regarding the London property bubble. But it didn't end and has been going on for years.
And, unlike property, new blockchain implementations have the potential (not all! some are just cut and paste clones) to disrupt entire valuable industries.

So - I think later rather than sooner.

[jeffthebaker]

Let's be honest. Sooner or later, this is going to come to an end.

People were thinking along those lines regarding the London property bubble. But it didn't end and has been going on for years.
And, unlike property, new blockchain implementations have the potential (not all! some are just cut and paste clones) to disrupt entire valuable industries.

So - I think later rather than sooner.

I'm unfamiliar with the London property market, but I do know that the Great Recession in 2008 in the US was the result of a collapse in the housing market following a huge bubble that had been growing for years. When it gets to the point where people are taking out loans to resell properties, it will all come crashing down.

[jeffthebaker]

If by profiting you mean throwing money at random anon "devs" and their ICOs in the hopes of making profit you're not making any money, you're just gambling and riding variance - which will eventually catch up to you and you'll eventually lose money because in the ICO game the dealer have a massive edge and (unlike poker) ICOs are purely gambling without the slightest element of skill involved.

And there was a thread here just recently about traders and whether they know what they're doing.  And I agree, I don't think there's any element of skill involved.  I never heard it described as "riding variance" but then again I don't get out much.

I much prefer the stock market, where there's at least some substance behind the ticker symbols.  In the altcoin world, it really is just smoke and mirrors.  It amazes me that these coins have any value whatsoever.

I'm gonna be completely honest with you- I, personally, have no idea what I'm doing. I've got a few coins I've invested in long term because I like what they set out to succeed and I personally want to see it do well. I trade other coins because they are hugely volatile and simply jumping between the margins accounts for healthy profits. And then there are these ICOs I'm hopping on board with because I am confident I can get out before I'm the last one holding the hot potato. I think my current ICO deposits are to be my last, however. If I could do it over I would have put big sums into BitCrystals and Augur, can't say I'd put money into Eth or Lisk, but hind sight is 20/20, I suppose.

[gianni33]

There are people who are considering doing IPOs for ICOs. They will sell stakes in possible future ICOs, and if they are profitable the IPO investors make money, and the ICO investors make lower amounts of money. If they are unprofitable both groups of investors get screwed. They will call their new idea an ICOO. I don't know when the first one will be but I'm not investing.

[DaveyJones]

Let's be honest. Sooner or later, this is going to come to an end. Profits don't appear out of thin air, and in a bullish BTC market, it's becoming harder and harder to profit off of altcoins. I'm hoping WAVES will be profitable, I threw some BTC in there. I also have some coin in Elastic, but I'm not sure I'll even recover that initial investment. Certainly do not think Rise or Wings will do anything good for its investors

all are scam and the fear of missing out from lisk so their only option is to throw money at the scammers
all are just copy/paste getting rich quick ico scam

both right.  reminds me of the first ico runs we had over a year ago for all the different bullshit hype phase coins.  colours, weed, anon tech, etc. and now it's plat/plat shit like eth related from these same (or connected "devs") who work from eastern europe (mostly) to get big ico names/hype/shills and bit btc influx with NO reason for it.

you forgot ... forks and algos , PoS  before colour ....

but i would put anon tech out of that formula... yay it was used as hype cycle ... but real anon is part of the thing "crypto" stands for

[monsanto]

If by profiting you mean throwing money at random anon "devs" and their ICOs in the hopes of making profit you're not making any money, you're just gambling and riding variance - which will eventually catch up to you and you'll eventually lose money because in the ICO game the dealer have a massive edge and (unlike poker) ICOs are purely gambling without the slightest element of skill involved.

And there was a thread here just recently about traders and whether they know what they're doing.  And I agree, I don't think there's any element of skill involved.  I never heard it described as "riding variance" but then again I don't get out much.

I much prefer the stock market, where there's at least some substance behind the ticker symbols.  In the altcoin world, it really is just smoke and mirrors.  It amazes me that these coins have any value whatsoever.

It is pretty amazing. The current market is reminding me a little of the past alt bubble when things like Novacoin reached ~$25.  Having said that many of the current batch have upped their game with more persuasive arguments for eventual use cases.  Although if someone steps back, and maybe slaps themselves in the face, they gotta see the vast majority of these use cases and valuations are nuts. And yet at the same time, one of them will still probably pull a 5000% increase before this is done, and so the gambling will continue.

[TheMage]

Read the first post, skipped all the responses.

To the OP and everyone else thinking the same, how about actually caring about the ethos of crypto currency as opposed to chasing dollar signs and help out the community as a whole instead of your pockets?

Yea I know, wishful thinking 

[Shrikez]

Read the first post, skipped all the responses.

To the OP and everyone else thinking the same, how about actually caring about the ethos of crypto currency as opposed to chasing dollar signs and help out the community as a whole instead of your pockets?

Yea I know, wishful thinking 

Yes it's a sad state of affairs.

I turned to cynicism and now see them as excellent tool to eventually bankrupt and flush out all the dumb money....in my dreams. :/

[monsanto]

Read the first post, skipped all the responses.

To the OP and everyone else thinking the same, how about actually caring about the ethos of crypto currency as opposed to chasing dollar signs and help out the community as a whole instead of your pockets?

Yea I know, wishful thinking 

Well if you had read my post you'd see I am cynical of the whole thing as well. But you've got to be realistic; crypto has always been surrounded by scams. And, despite the fascinating tech if it wasn't for an element of "chasing dollar signs," this place, and every other forum for crypto currency, would be a ghost town. We are, after all, talking about currencies here, most of which are anti-inflationary. And projects like Ethereum, which many initially called a scam, needed the ICO to get off the ground.  In any case I don't see why helping the community and looking for ROI on interesting projects are mutually exclusive. Having said that, I don't think this ICO craze is sustainable.

[Spoetnik]

Let's be honest. Sooner or later, this is going to come to an end.

People were thinking along those lines regarding the London property bubble. But it didn't end and has been going on for years.
And, unlike property, new blockchain implementations have the potential (not all! some are just cut and paste clones) to disrupt entire valuable industries.

So - I think later rather than sooner.

People thought that during the US housing bubble and actually kept warning the
chairman of the Federal reserve at the time.. and he chanted "Free Market"
He kept insisting the market will police itself and not let it get that bad.
He was dead wrong !
And had no choice but to admit it later with tough regulations after the fact.
AFTER the recession hit !
Greenspan was literally heralded as the GOD of money on Time Magazines cover etc.
Many thought he could do know wrong and was a genius.
These are the people who were happy making money off of worthless derivatives (housing bundles)
Which when you compare.. seem an awful lot like worthless ICO tokens.
AKA: Hollow investments with no real tangible value.

Hey Kidiot your full of thousand bags of shit ..your eyes are brown sweet heart.

You said..

"And, unlike property, new blockchain implementations have the potential"

Uhhhmm can you say derivatives ?  

Your a fucking idiot spouting off unfounded unrealistic moronic drivel.
And by the way..
What may i ask do "blockchain implementations" have to do with currency's ?
In case you didn't notice smart guy this sub-forum is for currencies.
..not a fucking dumping ground for money making digital pyramid schemes.

Crowd Fund blockchain implementations ?
Really ?
Are you idiots high on crack or what ?
Or are you THAT god damn fucking stupid ?

ICO = SCAM .

EDIT:
By the way the USA's derivative drama caused a financial collapse and bank run across the country
that rippled around the world taking down many countries economies.
And you twats here expect anything different in the Altcoin scene ?  

Keep playing smart " blockchain implementation" ICO pyramid scheme token aficionado's
..see what it gets you smart guys ROFL

You ICO shitheads are fucking stupid idiots.
Know what league your in morons..
Or pay the price for your stupidity now or later.