Doofus (OP)
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June 22, 2017, 09:59:37 AM |
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“I woke up this morning, checked my wallet and realized that I am now a millionaire. Now what?” A boy of his early 20s shared his story about investment in btc and ICOs. he also talked the ICO market in terms of regulation. Deng Di, president of China Blockchain Research Center warns people the the risk in the market. http://news.8btc.com/the-crazy-world-of-icos-200000-cny-to-6-million-cny-in-2-years
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talkbitcoin
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All I know is that I know nothing.
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June 22, 2017, 10:29:21 AM |
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i skimmed through the "millionaire boy"'s story but i didn't see anything about any ICOs! it was a 200BTC easy money that fell in his lap and then he held it for a couple of years and make a lot of profit!
and the future of ICOs is very simple, it will be the same future as premined altcoins have. today you can no longer see any of them around, and soon we will get rid of this ICO method of scamming too.
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AiWanChu
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June 22, 2017, 10:43:44 AM |
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i think there will be crazy pump and dumps like usual.. they need to keep their act together, its kinda making it look bad for the rest ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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machinek20
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June 22, 2017, 11:02:09 AM |
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There will be a lot of ICO and new coin in the future and maybe one of the ICO can actually makes us rich, but that chance is really slim and there will be more people got scammed from the ICO, for me although it is tempting I will never put my money on ICO, it is too dangerous
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Wendigo
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June 22, 2017, 11:22:09 AM |
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Honestly, I feel anxious and stressed to be rich. Now I just want to obtain a sense of achievement in my next job.” I want to have this guy's problems ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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IamAltcoinfan
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homt.net
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June 22, 2017, 11:22:26 AM |
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I completely read the article lots of places its mentioned ICO is risky because of lack of regulation even the guy who claimed he is millionaire he only mentioned its just happened not because of lots of research and vision.
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satoshforever
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June 22, 2017, 11:30:30 AM |
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The future is high-risk, high-profit, just like the present 😏
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secretservice
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June 22, 2017, 12:54:05 PM |
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I think the future for these ICOs is what most competent people have already commented on: this is not sustainable. Now the question is how many people will be aware of this in time and keep away from this madness.
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Byteball.org ❱❱❱ IT JUST WORKS. ❱❱❱ Sending Crypto to Email - Risk-Free Conditional Smart Payments - ICO Platform with KYC
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AjithBtc
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June 22, 2017, 12:57:06 PM |
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ICO projects have their own vision as well their own usage in several applications. So the ICO market will grow higher by the falling days, I too have been holding a small amount of ICO tokens to profit big as the price has increased quite a little than the value during the crowdsale.
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franky1
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June 22, 2017, 01:07:57 PM Last edit: June 22, 2017, 01:37:39 PM by franky1 |
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instead of just making a node and telling people the possibilities and then letting it wonder free in an open decentralised manner.. the ICO concept is very much different
unlike bitcoin, which never began as a ICO, nor organised by a 'company' who made promises(contracts) to hand X premined coins you customers Y over a term...
i see ICO's becoming regulated just like 'shares' are.
ICO's will be hit by bureaucracy of the 'founders' home country. all because of how organised and centralised the concept of ICO is.
that said. most ICO's are just crap coins, so treat them like penny share trading if your gonna risk it. best advice is. only waste amounts you are willing to lose.
EG if you normally spend $20 on a evening take-out/fast food, which naturally/literally ends up in the toilet 6 hours later.. make urself a sandwich instead and use that $20 on an ICO.. that way you never 'lose' (british pun: never loo's)
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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iqlimasyadiqa
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June 22, 2017, 01:11:47 PM |
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If you want to research more would get 2 statements, namely: - ICO can make you a millionaire. - ICO can also make you fall into poverty.
ICO has a system that is sometimes profitable and also sometimes can be detrimental.
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eternalgloom
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June 22, 2017, 01:16:23 PM |
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I personally try to stay away from ICO's as much as possible, but that's just a preference. Only investing in coins that are truly open and decentralized, such as Bitcoin, Litecoin etc.
I mean, investing in an ICO could work out for you, but I prefer the other approach.
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sir.humus
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June 22, 2017, 01:22:02 PM |
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In one year from now you'll not even remember what ICO is. It will gradually disappear from the cryptocurrencies world.
But I suspect that on the next giant jump of bitcoin price, a new crazy thing will join. and people will put a lot of money in it, just to discover that in a few months it no longer exist.
Stick with the big ones, Bitcoin, Ethereum, and some others. Don't count on this ICO craziness.
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AK47-
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June 22, 2017, 01:25:51 PM |
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Offcourse there are chances of getting rich through investing in ICO. But the problem with ICO is plenty of ICO are scam and investors are not protected from them. Some people just sell their shit coins without even investing a single dollar and scam people. This issue need to be regulated. Till then ICO will keep on going the way they are. Investors need to be extra careful.
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hubballi
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June 22, 2017, 01:26:57 PM |
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I personally try to stay away from ICO's as much as possible, but that's just a preference. Only investing in coins that are truly open and decentralized, such as Bitcoin, Litecoin etc.
I mean, investing in an ICO could work out for you, but I prefer the other approach.
It was before that investing in ICO wont give you good returns on listing day but now a days ICO are coming with full details and when this ICO are launced in exchange they do trading very good and returns are more then 5x but after some time they start to dump so it is good to just sell of in launch date and as soon as they are dumped fully you can start buying back for long term.
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Taki
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June 22, 2017, 01:30:36 PM |
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ETH was the first ICO project in 2014. Now this kind of project are getting very popular, because of - just look at ETH results! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I count it as high risk investment, cause of it's just can happen to all start ups pump as ETH did. Some of them will disappear. I think ICOs will not bring anything new on the market. It is the time of ups and downs, so, I suppose to see something like this from ICOs.
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CryptonomyCapital
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June 22, 2017, 01:47:16 PM |
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I believe that when ICO will be regulated by most countries, there would be less pump and dumps and it will become an altertanive to IPO (which is easier to partisipate in). So it would be not so risky, but harder to engage it.
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Armstand
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June 22, 2017, 02:26:13 PM |
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I believe that when ICO will be regulated by most countries, there would be less pump and dumps and it will become an altertanive to IPO (which is easier to partisipate in). So it would be not so risky, but harder to engage it.
When regulation from the Government happens,restrictions ,policies will occur, joing in once campaign might be too difficult for high qualification may happen same with few ico's might not able to sustain the law f governments . I think it will be better this ways we just need to be extra careful on where to risk our money.
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Kprawn
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June 22, 2017, 02:35:58 PM |
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ETH was the first ICO project in 2014. Now this kind of project are getting very popular, because of - just look at ETH results! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I count it as high risk investment, cause of it's just can happen to all start ups pump as ETH did. Some of them will disappear. I think ICOs will not bring anything new on the market. It is the time of ups and downs, so, I suppose to see something like this from ICOs. It will go the same way Ethereum is going to go.... DOWN. You get a bunch of people who jump in early and they make a ton of money and then they will disappear once these people has made enough money hyping and pumping the shit out of it. I will out of principle NOT participate in any of the ICO's. Yes, you will become rich OFF the backs of others misfortune. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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JL421
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June 22, 2017, 02:53:06 PM |
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ICO is going to have a really big future as every week there is a new coin being added and ico are actually are ot a bad thing as far as i have noticed. They launch a ico set a target raises money which they can keep all with themselves are necessary works so a good profit for the owners. Now after the coins are issued most of them launch at a higher price of exchanges so easy profit for investors also. There is surely risk involved but it worth taking it sometimes
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