ContrivedShark (OP)
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July 28, 2017, 12:00:08 PM |
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This year we have seen hundreds of new ICOs flood the market.
White papers & Road Maps for the project are being created. Investors are then pumping in millions of USD for their tokens due to the hype and greed.
Alot of these ICOs are teams of a few developers. How much money do they need to get started? Previously such company's would start of with several thousands worth of investment.
If the company was a good project and had the passion to succeed it would make it. A high percentage would of course fail.
A lot of these ICOs will not deliver on their promises. The road map goals will not be met.
QRL is one recent example. Development goals were not met and one of the developers left the company dumping a lot of coins on Bittrex.
When more and more projects fail to meet goals the bubble will pop.
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unusualfacts30
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July 28, 2017, 12:06:39 PM |
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I don't think so, mate. As much as we want bubble to pop, it's not happening anytime soon. ICO has been going on forever and they'll continue as long as there is money to be made.
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Febo
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July 28, 2017, 02:24:58 PM |
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This year we have seen hundreds of new ICOs flood the market.
White papers & Road Maps for the project are being created. Investors are then pumping in millions of USD for their tokens due to the hype and greed.
Alot of these ICOs are teams of a few developers. How much money do they need to get started? Previously such company's would start of with several thousands worth of investment.
If the company was a good project and had the passion to succeed it would make it. A high percentage would of course fail.
A lot of these ICOs will not deliver on their promises. The road map goals will not be met.
QRL is one recent example. Development goals were not met and one of the developers left the company dumping a lot of coins on Bittrex.
When more and more projects fail to meet goals the bubble will pop.
They can always hire few more people and pay them self's high salaries and buy them good cars to drive to work. It is not that hard to spend ICO money. |
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ContrivedShark (OP)
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July 28, 2017, 03:39:30 PM |
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I'm sure they can quite happily spend the ico money! That does not justify it!
The amount of money that is going into these new projects has never been so high before.
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cryptor47
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July 28, 2017, 04:20:19 PM |
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The only thing I like about ICOs is that 1 of a 100 is a very good project and since the devs want their ICO to go well they will make themselves available for you to ask questions and get the grip about the project before investing.
The worst thing in my opinion is how many people will be turned away from crypto because of this one ICO SCAM in which they invested heavily and lost their money
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shafi alam
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July 28, 2017, 05:17:00 PM |
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well said, But problem is we don't know which will be falling down, that's why we take stap.
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Bowtiesarecool
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July 28, 2017, 07:15:39 PM |
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The only thing I like about ICOs is that 1 of a 100 is a very good project and since the devs want their ICO to go well they will make themselves available for you to ask questions and get the grip about the project before investing.
The worst thing in my opinion is how many people will be turned away from crypto because of this one ICO SCAM in which they invested heavily and lost their money
That one ICO always tend to be the proverbial needle in the haystack. However, there's no denying that ICOs are the hotness right now and some of them have very good ideas |
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ophyrim
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July 28, 2017, 10:30:10 PM |
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The situation is not too complex. Invest 10 ICO. 2 of them are totally scam and you lose your total investment. 3 of them can not reach the whitepaper's target you lose big part of your investment. 2 of them are very long term investment you don't lose but you have to wait for profit. 2 of them is good you can make some good profit maybe X3 or X5. 1 of them is like diamond X20-X30 or even more profit.
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Blackcloud
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July 28, 2017, 10:46:13 PM |
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Totally agree!
People have to be more selective and do more due diligence when investing in ICO. Scam ICOs are out there, and it will tarnish the image of all other legit ICOs.
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mamaya
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July 28, 2017, 10:51:07 PM |
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The bubble has already popped to an extent, I see most ICO fail to raise their intended funding levels which will lead projects to be more conversative about how much they ask going forward.
You are right though that we have yet to see a lot of projects that don't deliver on their promises but we are still 6-12 months away until that starts to happen simply due to the long roadmaps they all have.
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moedasdofuturo
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July 29, 2017, 02:29:27 AM |
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In my opinion I think it is normal to see many icos, after all we are only at the beginning.
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jack1111
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July 29, 2017, 03:06:30 AM |
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The blockchain sector attracted good developers and in the same time attracted greedy people. Investors must take their responsability when they invest, some ICOs resulted in huge profit like Golem, Stratis, and some resulted in scam, price dump....
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CryptoMensch
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July 29, 2017, 03:13:00 AM |
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Well ICO regulations are coming to the US more soon than later
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BANCOR
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Nalien
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July 29, 2017, 03:28:07 AM |
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Well ICO regulations are coming to the US more soon than later
You can't really regulate ICOs. A few people will be put off, but more than enough US citizens simply won't give a damn and invest anyways. Regulation never stopped the flow of money and it never will. |
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Trela
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The Decentralized TCP/IP Internet Protocol
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July 29, 2017, 04:36:25 AM |
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The blockchain sector attracted good developers and in the same time attracted greedy people. Investors must take their responsability when they invest, some ICOs resulted in huge profit like Golem, Stratis, and some resulted in scam, price dump....
So, we need have rules when creating ICO project. And SEC have been helps investor do that, next time will have more changes about market ICO, I believe the future of ICO. |
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Fatunad
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July 29, 2017, 05:24:59 AM |
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I don't think so, mate. As much as we want bubble to pop, it's not happening anytime soon. ICO has been going on forever and they'll continue as long as there is money to be made.
True,its cant really be stopped since those developers or people would really launch and ICO since they do know that they can able to make money on that things which we can able to see now that ICO are popping out anywhere on the market which any coin do have this kind of projected plans and yes most of them do really fail and i can only count on my fingers on those successful projects. |
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samuraijin
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July 29, 2017, 06:07:24 AM |
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Things that are easy to see also are not all ICO events are really successful and even some who get big losses from their own events such as losing their investors money hacked from the hands of evil, which allows ICO will continue to grow will certainly also boost the value of ETH
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BitcoinerXX
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July 29, 2017, 06:41:58 AM |
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This year we have seen hundreds of new ICOs flood the market.
White papers & Road Maps for the project are being created. Investors are then pumping in millions of USD for their tokens due to the hype and greed.
Alot of these ICOs are teams of a few developers. How much money do they need to get started? Previously such company's would start of with several thousands worth of investment.
If the company was a good project and had the passion to succeed it would make it. A high percentage would of course fail.
A lot of these ICOs will not deliver on their promises. The road map goals will not be met.
QRL is one recent example. Development goals were not met and one of the developers left the company dumping a lot of coins on Bittrex.
When more and more projects fail to meet goals the bubble will pop.
the US gov will be going after non-compliant ICOs, exchanges that list them, and people who buy and sell them soon. they already put out a warning. the clock is ticking... |
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pey
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July 29, 2017, 06:48:17 AM |
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I agree with you, there will be no bitcoin bubble but ico bubble and it is so obvious that most ico projects will fail in the future leaving many broken people behind of them.
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NJB18
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July 29, 2017, 07:19:28 AM |
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This year we have seen hundreds of new ICOs flood the market.
White papers & Road Maps for the project are being created. Investors are then pumping in millions of USD for their tokens due to the hype and greed.
Alot of these ICOs are teams of a few developers. How much money do they need to get started? Previously such company's would start of with several thousands worth of investment.
If the company was a good project and had the passion to succeed it would make it. A high percentage would of course fail.
A lot of these ICOs will not deliver on their promises. The road map goals will not be met.
QRL is one recent example. Development goals were not met and one of the developers left the company dumping a lot of coins on Bittrex.
When more and more projects fail to meet goals the bubble will pop.
And I seriously hope it will pop very soon. There are just too many of them. I think they are using ICOs as milking cows for them to pocket more and more money while leaving those who were easily beguiled with tears in their eyes and regrets. ICO is a great mechanism actually but it needs some regulations. There is non-stop ICOs right now. It is not healthy to the crypto environment anymore. |
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