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Author Topic: Are you picky with ICOs?  (Read 13409 times)
100degrees
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September 14, 2017, 06:46:57 PM
 #21

You have to be picky, the reality is returns are not automatic anymore. However, quality projects will usually give you a solid return within the first few months of their ICO

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5ensei
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September 14, 2017, 06:49:42 PM
 #22

You need to find a good ico where there is going to be demand for that coin. Gaming is a good one as the users are already computer users, so betting coins and gaming coins are ones worth taking a deeper look

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September 14, 2017, 06:57:05 PM
 #23

Are you picky with ICOs?

Of course who does not? Huh

I doubt nobody will just waste their time , money and effort and will just joined any ICO in an instant. What kind of common sense we have if we just go straight forward without any concern on what way we are going.
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September 14, 2017, 07:20:04 PM
 #24

yes, many ico scam outside there! I am very selective in choosing ico, it will have an impact on the profits that I get in the future, I always look at the concept of the project and who dev is working for it, a clear roadmap and an profits that he offered

marados
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September 14, 2017, 07:25:52 PM
 #25

Very picky, because especially now since there is still no serious regulation around it, there are all kind of ICO's right now. So definetly if You want to invest in something and not have Your money stolen first You need to make a detailed analysis about it. And then make Your decision to invest or not. Be very carefull out there!

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pushups44
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September 14, 2017, 07:28:24 PM
 #26

I agree with others, you must be picky because there are some scams and simply bad projects among ICOs. Unfortunately there is a lack of regulation and some ICOs are taking advantage of that by cheating people, which is now drawing the attention of governments like China. Investors must do their own due diligence before supporting an ICO. I always say investigate the backgrounds of those involved.
Temmy007
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September 14, 2017, 07:32:09 PM
 #27

I am more than picky. I have only joined a handful of them. Those that I think are really trustworthy and the pre-ICO is a very easy Buy. And i believe Everyone of us should be picky when it comes to investing in ICOs.
VeteranCoin
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September 14, 2017, 07:36:02 PM
 #28

I avoid those get rich quick scams. Rather buy little bit more established coins with some growth potential. I bet 85-95% of these ICO projects will be dead after one year

Depends on your analysis and assessments. Unless you are just new to crypto? If you kept saying 85-95% of ICO projects are dead after 1 year since few years ago then you must be missing too many opportunities then.

I agree, it does depend. The growth rates for ICOs is very high, so far. No one knows what the future will bring, but everyone should do their research!
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September 14, 2017, 08:18:22 PM
 #29

I am more than picky. I have only joined a handful of them. Those that I think are really trustworthy and the pre-ICO is a very easy Buy. And i believe Everyone of us should be picky when it comes to investing in ICOs.
Not only we should consider before buy token from some ICO projects, this is the requirement if you want to invest your money to any ICO projects or any type investment. Because you are spending your money for investment, do you know it will affect your money in future?

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September 14, 2017, 08:50:23 PM
 #30

Dude, you better be picky, or you'll be scammed. You should atleast know what they are trying to do with their ICO, make a thorough research before investing in an ICO, and if you're a hunter, better ask about their plans, check first if they are legit.

sammy.one
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September 14, 2017, 08:55:14 PM
 #31

Be extremely picky. In my estimate only about 5% of ICOs will make you money, and only about 1% are really worth the time. So many will surge initially then dump to the depths of hell to never be seen again.
bongiu
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September 14, 2017, 09:15:31 PM
 #32

Always, I do translations to spanish of ICO projects, but before agreeing on translating them I read the whitepaper y check their team on LinkedIn to see what kind of people they are.
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September 14, 2017, 09:47:47 PM
 #33

If you like data on ICOs, this is a great site: https://www.cryptocompare.com/ico/#/ongoing?f2=ETH%20(ERC20)
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September 14, 2017, 09:48:08 PM
 #34

Yes and you should be. Far too many shitcoins out there. Look at the whitepaper, check the advisors and roadmap. What are aiming to solve / achieve, is it sustainable. Will the coin value be able to grow?

Or is it just a get-rich quick scheme. use your noggin!

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VeteranCoin
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September 14, 2017, 10:48:26 PM
 #35

Yes and you should be. Far too many shitcoins out there. Look at the whitepaper, check the advisors and roadmap. What are aiming to solve / achieve, is it sustainable. Will the coin value be able to grow?

Or is it just a get-rich quick scheme. use your noggin!

Far too many ICOs are based on great sounding but highly impractical ideas. That is a bad plan. Everyone wants to be the next bitcoin - the coin all blockchainers in the world will need. Those ICOs simply can't work. Focus on a fixable problem and get 2 million adopters and you will have a strong coin.

There are only 14 million bitcoin wallets and only 1.2 million ethereum wallets: https://hankyulpark.wordpress.com/2017/03/24/how-many-people-in-the-world-own-bitcoin-or-ethereum/

We need to expand the user count.

Everyone keeps going after the same 14 million people users. The key is to find ICOs that go after new markets and increase adoption of crypto usage.
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September 14, 2017, 10:49:35 PM
 #36

At least I look at the quality of their website (content and design), their ANN page (content and design), if there is a team list or a good explanation why there is not, a roadmap, a whitepaper and then the idea.
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September 15, 2017, 01:10:51 AM
 #37

You got to be picky, I made rookie mistakes listening to others who have even wilder imaginations of potential and nothing to back it up.

So far my biggest losses in new companies have been 1) Iconomi and 2) Safe Exchange.

I can no longer dump Iconomi through Jaxx Shapeshift, so I'm sort of screwed unless I go through the entire process of getting in Binance.

Obviously, they're both brand new concepts, if I give it time, maybe they will turn around.

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September 15, 2017, 01:16:15 AM
 #38

Yes Why not be picky with ICO.

Does not everyone required to check data of any ICOs
Helga.Alekseyuk
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September 15, 2017, 07:25:26 AM
 #39

Yes and you should be. Far too many shitcoins out there. Look at the whitepaper, check the advisors and roadmap. What are aiming to solve / achieve, is it sustainable. Will the coin value be able to grow?

Or is it just a get-rich quick scheme. use your noggin!

Far too many ICOs are based on great sounding but highly impractical ideas. That is a bad plan. Everyone wants to be the next bitcoin - the coin all blockchainers in the world will need. Those ICOs simply can't work. Focus on a fixable problem and get 2 million adopters and you will have a strong coin.

There are only 14 million bitcoin wallets and only 1.2 million ethereum wallets: https://hankyulpark.wordpress.com/2017/03/24/how-many-people-in-the-world-own-bitcoin-or-ethereum/

We need to expand the user count.

Everyone keeps going after the same 14 million people users. The key is to find ICOs that go after new markets and increase adoption of crypto usage.

How can it be achieved? How to show all the advantages of using cryptocurrency?
Paying via btc in the stores, for tickets in bus, train, etc might be a great jump in this direction.. That's why I like ideas of ICOs whose idea resolves this problem. Like Dash https://www.youtube.com/watch?v=VlWoVeKWXbA or  reOrder (ICO not launched yet https://ico.reorder.world/ ). Their main target is to increase the btc and other cryptocurrencie  users amount. Through reOrder tablet people can even easily open crypto wallet and get discount.
roganite
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September 15, 2017, 07:40:42 AM
 #40

I think you have to be picky these days as there are so many ICO's floating around. . I have invested in a few ICO's and a few things i avoid are:-

- Huge bonuses - They shouldn't be giving away too much if their token will be valuable. Anything over 40% is risky
- Lack of details in whitepaper - You should have figures, stats and ideas where they are going, if they don't even have the amount of tokens issued keep away
- Bad website / lack of a social media presence - If they care a lot they will invest into a good website and will want to connect with their investors
-Weak team - Needs a well rounded team, not just developers


I have just invested in Crowdholding. Seems like a good project, had a good online response team, good social media and a solid concept. Looking forward to their ICO in November.(pre-sale is finishing in a few days)

https://ico.crowdholding.com

Hope this helps
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