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Author Topic: How to make a 100,000$ with an ICO  (Read 15569 times)
monsanto
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July 06, 2016, 08:01:40 AM
 #41


Step 4 : End of ICO

This is where majority of the investments come in place. With a prototype in place and the shilling accounts going wild most people send in money as they believe they are now closer to an ICO. Most ICO’s see about 60–70 percent of the funds come around the end of the ICO. This is driven by 2 things
Fear of Missing out or FOMO as some call it. Investors think its a good idea to buy in towards the end of the ICO to either hold or sell as the prices go as the coins get listed in public markets. Most scammer coins list themselves in select markets to help them manipulate markets (more on this later)
A good amount of the ICO amount is bitcoin that the devs send in to make the ICO look legit. For instance, if an ICO already has about 60 BTC in “investments” — then odds are high it will manage to raise another 100–200 Bitcoin. A good way to see if this occurs is to verify if all of the investment funds go to a single verifiable account. A good number of ICO’s here have multiple investment BTC wallet account — you are free to make your conclusion. Also keep in mind, the dev is able to manipulate the markets with this “investment” of his. If this ICO managed to raise 240 Btc — then 25 percent of the coins + whatever dev fund exists goes into the pockets of the dev. This is an ample amount to manipulate the markets


This buying by the dev of their own ico is the root of the ico scam, all the other things are just sideshows.  It's basically impossible to stop in an unregulated market and it's why almost everything here is doomed.
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November 02, 2016, 07:17:04 AM
 #42


Step 4 : End of ICO

This is where majority of the investments come in place. With a prototype in place and the shilling accounts going wild most people send in money as they believe they are now closer to an ICO. Most ICO’s see about 60–70 percent of the funds come around the end of the ICO. This is driven by 2 things
Fear of Missing out or FOMO as some call it. Investors think its a good idea to buy in towards the end of the ICO to either hold or sell as the prices go as the coins get listed in public markets. Most scammer coins list themselves in select markets to help them manipulate markets (more on this later)
A good amount of the ICO amount is bitcoin that the devs send in to make the ICO look legit. For instance, if an ICO already has about 60 BTC in “investments” — then odds are high it will manage to raise another 100–200 Bitcoin. A good way to see if this occurs is to verify if all of the investment funds go to a single verifiable account. A good number of ICO’s here have multiple investment BTC wallet account — you are free to make your conclusion. Also keep in mind, the dev is able to manipulate the markets with this “investment” of his. If this ICO managed to raise 240 Btc — then 25 percent of the coins + whatever dev fund exists goes into the pockets of the dev. This is an ample amount to manipulate the markets


This buying by the dev of their own ico is the root of the ico scam, all the other things are just sideshows.  It's basically impossible to stop in an unregulated market and it's why almost everything here is doomed.

Part of the problem is lack of quality reporting.
Here is a confession I have as part of relying on the industry

-Most income comes from ICO's that offer a decent money for writing xyz
-If I write out against the ICO / offer critical analysis on the tech - I lose out on income
-This conflict of interest keeps a good number of people away from speaking out.

I am slowly trying to move away from ICO's and creating other sources of income so that I can shed more light on the industry in the weeks to come.
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November 02, 2016, 09:43:35 AM
 #43

the point is you still need money to make money  Grin
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November 02, 2016, 04:44:40 PM
 #44

It sickens me to increasingly see the sad state of ICO’s and fundraising within the community. While Bitcoin and decentralized currencies have bought along with it the power to remit across borders and garner the power to invest and buy into emerging projects that may seem interesting, it has also enabled sick minds to loot off the innocent with little to no consequences. While I align with the freemarket’s principal’s that investments should be made open to anyone and those who do not conduct their due research would eventually lose out, I am not in sync with the sheer amount of scams that have happened in the recent past. This post of mine is a follow up post to a previous thread where I explained why ICO’s have become a get rich quick scheme for a select few.

Today, I’ll be talking of how the people behind ICO’s reach their goals.

Step 1 : Buy lots of shill accounts.

Before an ICO occurs, people often buy ten to thirty aged accounts within the forum. If you observe our marketplace, this is a market in itself. I know of individuals that have payed upto 500 USD for 20 aged accounts. The pricing may vary anywhere between 5 to 100 depending on the age of the account, quality of the post and the trust it holds. These shill accounts are often hacked and/or created by a single individual for the purpose of selling. Shilling lies at the heart of most ICO’s as they are used to manipulate investor sentiments. Additionally, they are used to argue against individuals that speak out against ICO’s. Consider a situation where an individual explains that the business model makes no sense. The founders of the ICO go behind shill accounts and talk in order to manipulate the markets and convince investors that the state of things are different.

Step 2: Warm the shill accounts.

Since it has become normal for people to look up the accounts that post a lot in certain ICO’s, scammers warm these accounts with the intent of making them look legitimate. They begin making random posts in random pages to fill the first “posts” page of the shill. The psychology behind this is that most individuals often look only at page 1 of the shill’s posts and make their decisions. When they see frequent posts in other pages they believe this might be a legitimate account. As a matter of fact, ICO’s are often held by individuals that have been here for years and know a fair amount about other projects. So they do not find it difficult to go behind a shill account and begin posting things that might not be considered spam.

Step 3: Buy 4 major hero accounts.

These accounts are usually used as the “founders” of the project and portrayed to be the leads. These accounts are fronted as marketing, business, developer and so on to make it look like there is a real time in place. In some cases a single person plays all these persona in their room. This is sickening because most investors think they have an actual team they are investing into but in most cases these are fake id’s and/or non existent people. Often, you will notice these fake accounts make elaborate posts about the industry and hype the thread. What’s funny about these persona’s would be the fact that you will almost never see a common link or previous projects the team has worked on prior to the ICO

Step 4 : Graphics and fancy threads.

This is where the scammer basically hires a GFX specialist and pays him 100 dollars to make a really fancy thread. He will also set up really manipulative terms that will make you invest more than what is probably within your budget. For instance — higher profit margins or dividends for buying x amount of Bitcoin. Keep in mind, this is entirely a psychological game. While some of the larger ICO”s that run in the million dollar range have on-board GFX specialists to keep releasing new infographics, most of these scammers do a one time payment of a couple hundred dollars and get done with graphics. Keep in mind, these guys are not looking to set a new record for fund raising. They are looking to raise around 100–500,000 dollars and then get done with it. In a lot of cases they wish to be large enough to make it worth their efforts but small enough to not attract attention.

Step 4 : End of ICO

This is where majority of the investments come in place. With a prototype in place and the shilling accounts going wild most people send in money as they believe they are now closer to an ICO. Most ICO’s see about 60–70 percent of the funds come around the end of the ICO. This is driven by 2 things
Fear of Missing out or FOMO as some call it. Investors think its a good idea to buy in towards the end of the ICO to either hold or sell as the prices go as the coins get listed in public markets. Most scammer coins list themselves in select markets to help them manipulate markets (more on this later)
A good amount of the ICO amount is bitcoin that the devs send in to make the ICO look legit. For instance, if an ICO already has about 60 BTC in “investments” — then odds are high it will manage to raise another 100–200 Bitcoin. A good way to see if this occurs is to verify if all of the investment funds go to a single verifiable account. A good number of ICO’s here have multiple investment BTC wallet account — you are free to make your conclusion. Also keep in mind, the dev is able to manipulate the markets with this “investment” of his. If this ICO managed to raise 240 Btc — then 25 percent of the coins + whatever dev fund exists goes into the pockets of the dev. This is an ample amount to manipulate the markets


Step 5 : Dreams and Marketlisting

This is where the Dev would bring in massive hype and begin listing the coin on 1 or 2 exchanges tops. In some cases he would have bots placing hundreds of orders in the order books and cancelling them or buying and selling into his own orders to fake the volume of the coin. Again, this fudging is done in order to show there is actual demand for the coin. He uses manipulation of the books to bring the prices to the highest possible price and then liquidates the coins he holds in the process. During this period he acquires as many Bitcoins as he possibly could within a short period of time. Ideally, he also takes a tiny break to recover from all the work done during the ICO — then returns to the hype cycle.


Step 6: Crash, burn and repeat.


During the crash phase the shills go silent, the dev dissapears and all of a sudden the dev realizes he has a real life to maintain too. A number of excuses and delays pop up leading to the community losing faith in the coin. Massive dumps begin happening and the price of the coin falls crazily. Investors that bought in with hopes of doubling their cash often sell at a loss. All this, while the Dev stands back and watches the show. Keep in mind he is well stacked with Bitcoin at this point of time. He holds back news and ensures there is no hype with the shills going silent. As the market crashes he will buy back the coins and hold them in multiple wallets. Once this happens he will return explaining where was all the while and have the shills change investor sentiment to positive.


There you go guys — 6 steps to making 100,000 USD a month.

Think this is a joke ? I’ll be breaking down each one of these steps mentioned and correlating them with ICO’s in my next post. I know this might seem like a “noob” post to many on here but sadly — this is not for people who think so. This post was made for the sake of the enthusiast who read of Bitcoin somewhere and began digging up on it and stumbled on the forum, for that student who’s put in his tution money thinking he will make some profit and live a life of comfort for a while, for the dad who’s spent more than he can afford to lose in the ICO’s here.


My next post will correlate existing ICO’s with the steps mentioned here.
Have an ICO you wish to have investigated ? Post here with links to them.
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November 02, 2016, 06:15:25 PM
 #45

^Thank you for the honest opinion.
I'd written a follow up post explaining why ICO's can change capitalism in itself for good.
This post was more / less a rant post.
Appreciate the kind words.
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November 02, 2016, 06:39:20 PM
 #46

You could say this is accurate, but we can't think that all ICOs are scams, because that hurts the legitimate projects, even if they are few of them, some of them are legit and put countless hours into their work, so treating it all as a scam doesn't help anyone.
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November 02, 2016, 06:47:45 PM
 #47

Take a look at this article - as it was my follow up to this post
https://bitcointalk.org/index.php?topic=1534276.msg15450177#msg15450177
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November 02, 2016, 07:38:53 PM
 #48

Oh god that's a revelation  Grin
I wonder if these are true. so sasha of waves is actually just on his own? Damn. I don't see him having a team behind him actually but just having few on the list of usernames but no faces.



Bobsurplus did this multiple times and didnt hide the fact he did it.

Even with this knowledge people still bought in. Why? Because greed is god here. They knew he could pump an ICO and gambled thinking they could dump faster than he could.

Think about it, it was so bad that people knew about what was going on but got into it trying to make a quick buck.


The sad part is legitimate businesses in the ecosystem could clearly make ROI's that far exceed bank interest rates.
However the "hustlers' here don't understand the value of long term gratification, effort and god damn common sense.

Yes exactly !!  These scammers are actually really stupid. They cannot see into the future. They eat all their bread in one day then the next the starve because they didn't think of the future. Like the pizza story. Why have a pizza now when you can have 3 next week ?

The scammers makes 6 months of profit without cost in one foul swoop but what about after that ? Rather take 2 years to make that money and then still have a company that make you money for another 2 years. Even getting 2 years worth of profits is stupid I would rather build the company and have it pay for the next 10 years. All you do is risk yourself getting caught each time and make people very angry. Scamming is not worth it.

 
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November 02, 2016, 07:42:17 PM
 #49

You could say this is accurate, but we can't think that all ICOs are scams, because that hurts the legitimate projects, even if they are few of them, some of them are legit and put countless hours into their work, so treating it all as a scam doesn't help anyone.

I'm not so sure about that.  IMO based on the track record of crypto scams ALL ICOs should be assumed to be scams until there's good reasons to think otherwise.  I mean the percentage that are not scams I would ballpark at far less than 10%.  When you've got a cesspool of scams like that "treating it all as a scam" would probably "help" a majority of the people not get ripped off.  Granted, there will be some that are really profitable, but even that doesn't mean we really know what is going on since it's totally unregulated and usually has little transparency.

But I get what you're saying, there are hard working devs out there looking to make deserved profits from interesting projects, it's just such a tiny amount of the total.  And it doesn't seem like anything is hurting their ability to raise ICO money except the mass of scam ICOs diverting investors funds that could be used for the quality projects.  In anycase I can't think of too many quality projects that have had trouble raising ICO funds recently. I mean the entire ICO system has gone bonkers.
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November 02, 2016, 07:56:53 PM
 #50

You seem to understand how to generate funds using ico in the bad way, do you by chance understand how to raise ico for genuine project ?
I feel you research will be balanced if you can do that as well.

 
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November 02, 2016, 08:00:05 PM
 #51

^Thank you for the honest opinion.
I'd written a follow up post explaining why ICO's can change capitalism in itself for good.
This post was more / less a rant post.
Appreciate the kind words.

This forum needs more people like you, i hope to read more in the future!
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November 02, 2016, 08:02:18 PM
 #52

^Thank you for the honest opinion.
I'd written a follow up post explaining why ICO's can change capitalism in itself for good.
This post was more / less a rant post.
Appreciate the kind words.

This forum needs more people like you, i hope to read more in the future!

Thank you for the kind words.
I am going to follow this up with a comprehensive study on ICO's and how much money has been lost in the process soon.
Sponsorships are welcome as I do not have the time / resource to do this at the moment.
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November 02, 2016, 08:43:24 PM
 #53

^Thank you for the honest opinion.
I'd written a follow up post explaining why ICO's can change capitalism in itself for good.
This post was more / less a rant post.
Appreciate the kind words.

This forum needs more people like you, i hope to read more in the future!

Thank you for the kind words.
I am going to follow this up with a comprehensive study on ICO's and how much money has been lost in the process soon.
Sponsorships are welcome as I do not have the time / resource to do this at the moment.

You could always do an ICO to raise money for your research  Tongue .  In all seriousness though it is a commendable project.  Good luck  Wink
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November 02, 2016, 09:16:10 PM
 #54

^Thank you for the honest opinion.
I'd written a follow up post explaining why ICO's can change capitalism in itself for good.
This post was more / less a rant post.
Appreciate the kind words.

This forum needs more people like you, i hope to read more in the future!

Thank you for the kind words.
I am going to follow this up with a comprehensive study on ICO's and how much money has been lost in the process soon.
Sponsorships are welcome as I do not have the time / resource to do this at the moment.

You could always do an ICO to raise money for your research  Tongue .  In all seriousness though it is a commendable project.  Good luck  Wink

An ICO to research upon how ICO's are bad for the ecosystem  Shocked
Not sure how people would react to that. Would you pledge towards it ? Smiley
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November 03, 2016, 04:24:46 AM
 #55

This ICO coin thing is just a new financial innovation just like the bad scryptcoins in late 2013 early 2014. There was lots of easy money to be made back then by just creating a coin and just trying to get it to a market to sell your premine.

ICO coins are just a new way of doing this.

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g3rszpi
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November 03, 2016, 10:42:13 AM
 #56

Ico's here in crypto should be not used only as crowdfunding but as a distribution method since its the fairest imo
Because:
 - if you don't have any mining equipment you have no chance at PoW coins
 - Free distributions can be tricked by devs with fake accounts
in case of ico its clear and simple with no tricks. every investor gets from the ico in proportion with their investment, it cant be tricked
rokkyroad
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November 05, 2016, 09:39:31 PM
 #57

You could say this is accurate, but we can't think that all ICOs are scams, because that hurts the legitimate projects, even if they are few of them, some of them are legit and put countless hours into their work, so treating it all as a scam doesn't help anyone.

You have to assume all ICOs are scams unless you want to lose your money. It is impossible to tell the scams from the honest projects. Too bad for the honest projects if there are any in this realm.

" If you have to spam and shout to justify your existence then you are a shit coin."  TaunSew
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November 06, 2016, 08:08:42 PM
 #58

So funny post Cheesy ! Yes, that might be tru to some, but the biggest ICOs (the only ones I know) do not work with this scheme.

gufpmvgw3334
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November 07, 2016, 12:45:02 PM
 #59

It seems so hard.
but if you invest a lot of money for example 1,000,000$ in a ICO, after it launch exchange ,the price go up 10% or more,you may make a 100,000$. 
cryptor0th (OP)
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November 07, 2016, 12:45:54 PM
 #60

Dude. This should be a book on amazon 😁

I am working on a book Smiley
How much would you pay for a book on the funniest events in crypto-history ?

Regards
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