Stay away from ICO

[Bitcoin-2018]

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

[digaran]

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

Or better be a stupid gullible and keep investing whenever I see these three letters I-C-O I get closer to barf on my keyboard.
You deserve to lose everything.

[jjacob]

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

If you do your due diligence and see a coin with a radical new idea, you can consider investing.
Looking at altcoins just because they are available in an ICO is a sure shot way to lose most of your money.

[iamnotback]

One of the problems is the ICOs are not raising money for development, but trying to cash out and leave the naive speculators holding the bag. They raise up to $15 million in cash! Do you realize that $15 million in cash invested into any of the Top 5 altcoins would skyrocket their marketcap into the $Billion range. Cash invested is not the same as marketcap (this is known as the wealth multiplier effect):

Your poll only lowers the minimum. Lower the maximum! Who wants to invest in another ICO with $15 million initial marketcap. That limits the upside and greatly increases the chance of downside.

The entire point of buying in an ICO is to buy at a very tiny marketcap.

Also if there is no one remaining to buy it after ICO, then the price will likely languish.

Lower your maximum goal to 1000 BTC. You don't need more than $1 million to accomplish your development efforts (and Bitcoin is headed towards $2500 perhaps too soon). Even 500 BTC should be enough. Stop trying to cash out before you deliver the goods! Bastard scammers!

Btw, the guys who are escrowing your ICO include Vlad who has produced technobabble bullshit about Casper for years. And nothing to show for it. Joe appears to come from that same Ethereum technobabble delusion.

Jae Kwon banned me from the Cosmos (Tendermint derivative) Github because I showed technically and factually why their system security was entirely broken.

I understand you have high aspirations towards a large existing lending market, but these people using these community loaning systems want fiat, not crypto. You are going to be trying swim upriver with technologically unsophisticated audience and underdeveloped onramps and offramps for crypto-currency in their locales. This will be a long, slow slog. You are misleading investors by insinuating that you can get an appreciable slice of that huge market any time soon. So the small initial marketcap is very important if speculators are to maximize their returns on this experiment.

One of the problems is the ICOs are not raising money for development, but trying to cash out and leave the naive speculators holding the bag. They raise up to $15 million in cash! Do you realize that $15 million in cash invested into any of the Top 5 altcoins would skyrocket their marketcap into the $Billion range. Cash invested is not the same as marketcap (this is known as the wealth multiplier effect).

[maku]

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

But that is the point for many people! The are willing to take the risk and invest in the early development to grab the biggest share.
They know that ICO at the later stage won't be as hyped and the initial pump is probably the biggest and fastest way to profit.
This is the problem as we had influx of bad developers who tarnished concept of ICO and altcoin scene with their semi-legit projects.

[Undermood]

Taking part in ICO is risky especially for new comers. So the best way to avoid this is to buy it after hitting the exchange. Although the price is pumped several times.

[shinratensei_]

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

Yeah, especially about the ico was putting the fixed price for his coin. totally it will get a lot of dump on the exchange site and just try to grab them through the exchange site.

[Winner]

It's like someone invested in an ICO while Bitcoin was around $700.00 and by the time that the ICO is finished Bitcoin went up to $1,100+.
ICO's have a bunch of hype and they get no recognition when 3 years goes by. The coins that actually survive is the ones that have a good technological platform within their Project and a really strong community base whether that be only one member or thousands of members. That is why Bitcoin survived because of the people who was interested in the Project before people started to type "Exchange?" in caps.

With helpful inputs like how the messaging conversation style was on Sourceforge, there would be more room for the Project to grow instead of just using an ICO.

[redblue!!]

ICO is still attractive...

[Bitcoin-2018]

Thanks for all the insights. I am out on all the ICOs going forward. If Developers got their hands on the money from the early stage of the development, it's a bad combination there is no incentive for them to keep it going in general.

[disconnectme]

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

I do agree some ICO has really underperformed, this is as a reason of the sheep mentality in the space, some people don't do their own valuation of a project, why do I need to invest in a project that need just $1 million and has raised $2million.

[Spoetnik]

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

Or better be a stupid gullible and keep investing whenever I see these three letters I-C-O I get closer to barf on my keyboard.
You deserve to lose everything.

The abbreviation has always made me cringe hard.
I never supported one or bought / traded any ever once !
Nor will i..
I do not support the concept and the fact that they are all bullshit anyway.
Why would people bitch about a coin with a small percentage premine yet support an ICO ?
An ICO is very close to being a 100% premine.

Coins mined at launch were made that way for a reason.
The initial distribution method is the most important part.
Miners provide a service and are there for rewarded..

So.. you shouldn't be abandoning them because you are not profiting of them.
You SHOULD be abandoning them because they are a shitty way of launching a coin.

Sadly..
ICO you made money from = Legit.
ICO you lost money on = Scam.

Like Ethereum 

That IS how it works in the scene and it's pretty damn retarded right ?

[jossiel]

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

I can see that ICO's are just for profiting purposes. If you are one of those guy that are an avid ICO joiner and goes for profit after it's launching it's profitable.

We already know the cycle of ICO's but there are some that are becoming stable and has a strong belief with their own project.

[carlfebz2]

ICO hype is already over and now people are smart enough on not to easily to put up money on those ICO because of the previous circumstances that do happen like scam ICO and same as op when I do see that thing like announcements I do automatically ignore it.

[xtyling]

ICOs are best to invest because you get a good ROI after it hit exchanges but research is important. A lot of people are traped in good advertised ICOs which turn out to be scams

First thing to check on ICOs are the Escrows being placed. If there is none, you should be careful and try to avoid those.

[iamnotback]

Re: WeTrust ICO Funding Goal

Seem everyone believed 1000BTC should be the minimum cap, What I don't understand is that do this project need ICO in the first place. I have looked into the project and I believe this can be achieved without ICO funding

What about the maximum which they've set at 12,000 BTC!?!

That means if you buy this early for the 30% discount, then you don't know if they won't raise $15+ million, thus diluting your holdings with a huge marketcap (in terms of what $15 million cash would do to a marketcap either on upside or downside via selling pressure, that is the realm of $100s of millions marketcap of buying and selling pressure because marketcap is most always a multiple of the new cash that was actually invested on the exchange, because for example if the marketcap is $10 million then selling $1million can move the marketcap down to less than $9 million perhaps as low as a < $5 million). And then they have no incentive to actually believe and work hard to make the project a success, because they already cashed out $15 million!

Their plan is pie-in-the-sky and thus very likely won't pan out. IMO, that is why they want to cash out upfront instead of making their money on the appreciation of the price of the tokens long-term. If they set the maximum raise to something reasonable, then I might have more belief that they are serious about risking their own effort and time. But noooo, they want to get rich without any risk.

And then you need to know the reputation of the escrow agents:

First thing to check on ICOs are the Escrows being placed. If there is none, you should be careful and try to avoid those.

I wrote:

Btw, the guys who are escrowing your ICO include Vlad who has produced technobabble bullshit about Casper for years. And nothing to show for it. Joe appears to come from that same Ethereum technobabble delusion.

Jae Kwon banned me from the Cosmos (Tendermint derivative) Github because I showed technically and factually why their system security was entirely broken.

If you keep giving $millions to the same group of guys that keeps producing nothing but years of technobabble bullshit, then why are you all surprised that our ecosystem is all shitcoins and scams?

Shouldn't people be held accountable for their past performance?

4. The scams and constant striving for profit. It's ugly and non-tech users are put off. I am. It's never ending and I have no ideas to make my own IPO/ICO and profit as well!

What you really mean is nobody is serious about solving the hard problems.

Hey and I tried to tell you that Ethereum was just a "scam" (play money for Vitalik & friends) but you were adamant that is wasn't. I told you more than a year ago that Casper would never work. Ethereum was a valid experiment but didn't need to cost $18+ million (not including the cost of the DAO attack). Some speculators made a lot of money. But it was never a properly vetted project (many of us told them at the outset that Turing complete and blockchain was a disaster waiting to happen).

[Pursuer]

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

the concept of ICO is a bad in my opinion and there is absolutely no need for any developer to take money this way.
I see many claiming they gather money for development, and I personally find two big things about this concept.

first is the fact that they are not developing anything but mostly copy pasting and changing the name only and the rest are just fooling people because they are better programmers but they are not developing either.

second is the fact that it is an open source community and you don't take money to create an open source project, that is just silly. if you want money then go take a job and make money. have you even thought one of the reasons why bitcoin is successful is that Satoshi wasn't thinking about money? and he is a multi millionaire now with all the coins he holds and not yet sold.

[noictib]

Nowsaday, I don't think there is any ICO worth to invest anymore. I had so many bad ones lately. Better off purchase them after they released at the exchanges.

In about 80% of the cases it us worst to buy altcoin or any tocken like things in ICO because there Is always remain a big risk that whether it will go launch in any exchange or not ( it happened two time with my friend) .
so if you want to invest your bitcoin in ICO you should invest for the same altcoin at the instant of launching .
In this way you will get profit because in the starting of launch the price of the altcoin that is launch usually remain low but for small time of about 1 week it goes high .
So here most of the time we have better chance to make money 

[wrxbuzz]

You input good info, but personally I like some ICO, like edgeless, their idea is revolutionary. Not every ICO is bad, look ETH, STRATIS, NXC are multiple times higher of ICO price, therefore we can be profitable from good ICO.

[StinkyLover]

ICO is a good concept that has been used for evil in crypto. If all ICO money truly went into development then we'd be much further forward as an industry.

I reckon that a majority of BTC invested in ICOs has not been sold for FIAT (to aid development). It sits there waiting to make millionaires of a few indivduals (when the heat dies down).