Is it safe to participate in ICO's?

[ramsdaj28]

Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.

You can never say if an ICO project is going to be successful or not. There's always risk in the world of cryptocurrency. The success of an ICO will depend on how people accepts it and how the team/developers endorse their token/coin. But one thing is for sure - it is worth the risk once the ICO you've joined is successful. Just like what they've said, "no pain, no gain". Take the risk and see what happens next.

[1714661035]

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[1714661035]

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[darylalban]

Anything can be a scam nowadays. When it comes to ICO's, it's really how much effort you put into research. My process includes reading the whitepaper, look at the the founders/advisors (this is the most important step), and the obvious: how good the concept is. The last part might require some intuition of the market, but is pretty fair to spot when others are talking about it (so join groups and ask questions).

A good example of a successful ICO was civic. All you had to do was look at who started it: Vinny. And then from there, you have a good idea of the odds.

With more current ICO's happening, I read about UnikoinGold and that one's really interesting. Read into the founder Rahul and the people backing and advising. Ashton Kutcher's venture fund and Mark Cuban are into it. One of the co-founders of Ethereum is an advisor and they're close with Jaxx. Also, the concept is pretty rock-solid. For me, this is a great indicator of a successful ICO.

And since I'm preaching out always reading the whitepaper, here's there: https://static.unikrn.com/4242/unikrn_bm/doc/whitepaper_en.pdf

[ldah94]

Before investing in a ICO, you should investigate the currency, what the project is about, read the whitepaper, see team developers, road maps, and they reply to critics, know if it have social networks. Participate in ICOs is a good form of investment but if you do not choose well you could get ripped off so don´t invest more money or time than you can afford to lose.

[v3liana]

Before investing in a ICO, you should investigate the currency, what the project is about, read the whitepaper, see team developers, road maps, and they reply to critics, know if it have social networks. Participate in ICOs is a good form of investment but if you do not choose well you could get ripped off so don´t invest more money or time than you can afford to lose.

before investing you do need investigate all thing related to ico. and we need to look in to community to make sure yours investigation is the right thing.

[cryptokitty]

More have been telling that you can earn a lot in ICO but i think before you invest in ICO you need to verify first if that is not a scam to avoid any great losses instead of great profit.

[smsupto]

I think earn enough knowledge for this ICO which project you agree for investment. When you have enough knowledge about this ICO then you chose right decision for investment.

[swoolzze]

Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.

The abbreviation of ICO is Initial Coin Offering which means that someone offers investors some new units of a new cryptocurrency. I believe it is safe to participate in ICO's if you find a trustworthy one, just be sure to found them. It can be a scam if the one whose managing it was deceitful. So learn something useful for their projects to help them.

[hua_hui]

Definitely it is not safe to participate in ico. There are too many cash grabbing ico floating right now. That is why countries are starting to ban icos as a lot of projects will end up with false promises and all your investment in the ico will be gone. There is also a lot of projects that does not need to have blockchain implemented but because they know that ico is easier to raise more money and easier to carry out, they just incorporate blockchain with no real purposes so they can get more funding.

[nareshrohra]

No, it is not safe to participate in ICOs. You should be able to understand which is good and legit. There are many scam ICOs running around. Do a thorough study before investing in an ICO? There are many sites where you can find reviews for ICOs. I suggest you go through 2-3 such reviews before investing in any

[onrise]

I think earn enough knowledge for this ICO which project you agree for investment. When you have enough knowledge about this ICO then you chose right decision for investment.

Its very important to have knowledge about the team who is bring the ICO. Also check the campaign if they are running and have they escrow the funds, are they paying the payment to participants on time, is the registered office in your country then you can go visit them as well which will give you more confidence and will get better vision about the project.

[erox]

ICO is high risk, but this risk offsets the possible benefits. Sometimes the coins after ICO rise in price by 700% and more.

[allycn]

It's risky as it is any other type of investment, but you shouldn't invest hoping it becomes the next BTC. Yes, you invest hoping it will bring profit, but it is best to stick to realistic goals.
Do your research (check the team, if it is a concrete idea with realistic goals, the token applicability in the real world, etc.), but if it looks too good to be true (like unrealistic returns) it might be better to stay away.

[hua_hui]

Definitely it is not safe to participate in ico. There are too many cash grabbing ico floating right now. That is why countries are starting to ban icos as a lot of projects will end up with false promises and all your investment in the ico will be gone. There is also a lot of projects that does not need to have blockchain implemented but because they know that ico is easier to raise more money and easier to carry out, they just incorporate blockchain with no real purposes so they can get more funding.

I also would like to highlight beside finding the right ico. Do be very careful of the scam that will emerge from it. For example, the enigma ico, the hackers manage to hack the website and obtain the email list. So they change the official website to suddenly a live sale and put their own hacker's eth address there. At the same time, they sent out mass email to the whitelist participants to inform them about the sudden ico sale. Even professional traders also got tricked by it and the hackers got half a million within a few hours.

[Anita1873]

It depends on the selection of your coin and how you select your coin. If you do due diligence and study whitepaper, viability of project and success ratio of particular concept in the market, then it is safe to participate in ICO. If you just see the site and put money without any study of anything then maybe your money at risk.

[Cranidos]

Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.

I have the same concern. There are lots of ICOs that it's hard for me to choose where to invest and which ones are safe investment especially that I'm still new with alternate cryptos and I don't have a way to figure which are a good deal. Right now, I have a professor friend who's been into trading and investing in various ICOs and I'm relying to his assessment and so far I haven't been scammed thanks to him.

[SpearTackle]

Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.

We know that there are many ICOs coming out and many of them are possible to be just a scam. All kinds of investing is very risky so in participating in an ICO you should not spend so much but be sure you will earn.

[hendra147]

the main problem is are you ready to any case?
you cant groeing your money without any risk, and bitcoin price itself very irregular, sometimes rising 10% sometimes drop 50%. wtih this fact ICO have chance to rising too and have chance to drop too.

[helars2008]

In investing coins in ICO's there will always be a risk.  Aside from the most common of all which is the risk of being scammed there are also other factors that you need to watch for.  One of which is the rist in the coins price volatility,  no one can guarantee you that you will gain from investing in any coins.  All of the speculations are simply made by guessing but backed up by real research.
Therefore in order to succeed you must exert effort in reasearching anything about the coin you want to invest at.

[batang_bitcoin]

You shouldn't think that investing in ICO's are safe, all types of investments are risky and in ICO's you don't have an idea on many investors will be investing to that project and will support it's crowdfunding. Because there are a lot of scammers that are hiding in the veil of ICO and their very own purpose is just to scam people and they are now into ICO's. Beware of those developers that are leaving the project after the success of ICO.

[giveen]

For most of the upcomming ico yes it is safe because of the recent ban of ico in many countries many legit ico are asking for kyc because they are regulated. Take the case of jibrel network someone told me they are regulated by the swiss government so no scamming or cheating can happen.
In terms of return there is no guarantee that you will make profit but most projects will be legit now.