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Author Topic: Is it safe to participate in ICO's?  (Read 15513 times)
explosion
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January 03, 2018, 04:16:44 PM
 #1201

If you have experience in investment, you will not buy DOG coins just because you love dogs... Investing cannot be completely safe, just make yourself familiar with the market, follow the news (even the smallest ones matter), know the thoughts of famous crypto-traders and on this basis make your decisions. Oh, yeah, and be ready to learn  ICO investing the hard way.
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January 03, 2018, 04:41:05 PM
 #1202

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.
It is safe if you understand this sphere. If you know the specific goals of your participation. If you understand that it is more profitable for you: to invest in ico, use an airdrop or take part in a bounty program? Wink
diskodasa
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January 03, 2018, 04:44:06 PM
 #1203

it depends. If you have good researching skill, you can find a good project. If not, you are easy to lose your money. So, to save your time, I will introduce you 2 potential projects. They are Livestars and Swiggborg. Investing in them will help you get big money.

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January 03, 2018, 05:06:12 PM
 #1204

Each ICO is like a roulette. By investing money there you must be aware of the risks and the possibility of losing your funds. And it's good if, after the failure of ICO, your investments are returned to you. But some teams can just hide with the accumulated amount.
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January 03, 2018, 05:09:52 PM
 #1205

If you choose the right projects, you can earn a lot of money at ICO. You need to be very careful and don't get caught in scam projects   Smiley

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January 03, 2018, 05:15:55 PM
 #1206

depends. be careful who is behind the actual project and always study white paper
Eclipse2021
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January 03, 2018, 05:19:51 PM
 #1207

well as long as you know in what you are putting your money , it's safer than ever,  right ? But make sure you understand the project. I have read some that I don't understand a thing from their product , maybe they are scamms or who knows. For now I prefer CEDEX , safe and legit.

 
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cheezcarls
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January 03, 2018, 05:21:01 PM
 #1208

When it comes to investing ICOs, there are no guarantees if it's gaining traction after their token sale ends. From my own point of view, I cannot say that ICOs are safe to invest.

You know why? It is because there are some who are misleading their investors and run away with their money. If you want to invest in some ICOs, be sure to take time reading their whitepaper, roadmap, checking the team's social media profiles, partners, media, etc.

I have participated in 9 ICOs by investing between $10 to $20, and planning to participate more only in promising projects.

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goodGuyGreg
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January 03, 2018, 05:35:41 PM
 #1209

I believe the majority of current ICOs are created with the best intentions but its always hard to analyze which ones are.
Like with any investment there is always some risk involved. However, I think that with ICOs you are more than 3 out of 5 times lucky, which is a lot safer investment than other highly profitable opportunities.
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January 03, 2018, 06:04:45 PM
 #1210

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 think ICO is safe in 2018, because most ICOs raise a lot of money but you also need to watch out for fraudulent ICOs if you do not want to lose money. There will be a penny over the bitcoin I think it is difficult. It can happen in the long run, look at its value chart then you will understand.

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January 03, 2018, 06:13:22 PM
 #1211

It is perfectly safe to invest in erc20 based ICO. Erc20 based token ICO has been tested and tried! Many erc20 based ICO has been very successful without any controversy or scam. Erc20 is verifiable and you can not change the contract once it is made!
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January 04, 2018, 05:35:06 AM
 #1212

As I posted in another thread:

"Step 1: As with any investment, don't invest money you can't afford to lose.
-Even if the company is legit, crypto is stocks on steroids and are very volatile and unpredictable
-You could win or lose big so be prepared for both
-It is NOT gambling as you can learn to pick a winner with proper preparation. It's like playing cards and legally (and more easily) being able to count them.

Step 2: Make sure the company is REAL and not a scam.
-Pictures of staff members
-Staff members linkedin accounts
-Pictures of staff members together
-Videos of staff members/interviews
-Pictures of office
-Office location (research address)
-Social media presence of company
-Dig around the website...does it look legit? Is the English native-level?
-Email them-do they respond promptly and in English?
-Google CEO/CTO/developers/marketers and found out who they are and what they've done.
-Do they have a working product already?
-Do they have funding or investors already?
-Does it give you a good or bad gut feeling?
-Think to yourself...if I had 10,000-20,000 dollars, could I recreate everything that is on their website, forums, etc? If so, beware...

Step 3: Research the project
-Whitepaper (clear plan and goals, well written, not just a bunch of buzzwords)
-Roadmap (reasonable and clear)
-Is there demand for what they are doing?
-Is their technology proprietary or unique?
-Are they well-respected and connected in the industry?
-Is their advisory panel well-respected and connected?
-Search them on forums like this one, and find out the general consensus on their project, its viability
-Search their legal team and contact them if possible beforehand
-What will they use your money for?
-How will they make MONEY?
-How will you be able to make money when they make money?
-Do you feel passionate about what they are doing?

Step4:
Invest or don't invest based on all of the above."


Anyway, worst case scenario is you lose your money, so I don't think "is it safe or not" is really the right question. A better question might be "will you get a return on your investment".

Well Said /I think if people follow your suggestion most of us will not fall the ICO with fake info and that they want is to deceive people and gain quick profit

Thanks Cheesy
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January 04, 2018, 06:27:45 AM
 #1213

In fact, it depends on ico, if it is reliable or not, because some of them are scammers. One example is cartaxi, they have not paid the right amount to users who participate in their campaign before, and I'm one of them.
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January 04, 2018, 12:32:32 PM
 #1214

Safe but need to study to pick what is ico that will bring you success and also to avoid the scam.

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January 05, 2018, 06:46:23 PM
 #1215

Is not really safe, it's risky also, many of the coins developer now is taking the advantage of this ICO activity and disappear after the ICO end. But their is a way to lessen the risk by study the ICO properly, study their white paper and the reputation of the ICO before you decide participating with them. Thanks

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January 05, 2018, 08:52:38 PM
 #1216

brother we can not copare coins with bitcoin. but searching and finding oout a good ICO is difficult but once you find out participation will only give you benefit
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January 05, 2018, 09:09:11 PM
 #1217

Everything relies on the project you are interested to invest, ICO investment is a profitable, that is if you invest in the right ICO. It is always good to do more home work before investing into any project. If you identify a good ICO it is safe to participate in the right ICOs. Do more research on the ICO you want to invest, ask question to those that have experienced in the crypto world.
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January 05, 2018, 09:13:56 PM
 #1218

I think it is the same as most investment types, some can be successful and legit while others tend to fail unexpectedly or worse it could be a scam. I think ICOs have higher risks than investing to bitcoins as far as I have observed here in the forums so invest at your own risk and make sure to research its background first.

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January 05, 2018, 09:14:24 PM
 #1219

brother we can not copare coins with bitcoin. but searching and finding oout a good ICO is difficult but once you find out participation will only give you benefit
Financial investment, you should accept risk, but will limit the risk to the lowest level when you have the monitoring and research and analysis to make the right decision. ICO investment is currently a very potential investment because most successful ICO projects are thriving and profitable for investors. Please consider carefully before investing in anything in the financial playground crypto.
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January 06, 2018, 08:46:39 PM
 #1220

Short answer is no. Now, there are many types of ICOs and some of them are reasonably safe. The main risk associated are scams, projects that are not really possible, regulatory risks and pure missmanagement and lies.But, there is profit in many legit ICOs. Just chose wisely.
Things are not so simple, scams outnumber legit projects 5 to 1 or more, this is why you are seeing the ico market to become a lot slower in this past months, people are getting tired of being scammed and losing great amounts of money, it seems the time of icos will come to an end.
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