Is it safe to participate in ICO's?

[Marco Ambrusini]

Participating in ICO's is also form of investment.
 invest in a  project by buying their tokens and the value of tokens would be proportional to profit of the project.
Some ICO's are profitable as their price would increase on hitting the market.
But some of them are total scams which would lead your investment to nothing but down to ground zero.
Hence you need to do a little digging

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[coat47]

All investment is a risk. And in the cryptoland the risk is x 1000.
You buy a project. Most of the time, no product, service are in place. They ask funds to create or finalize their  product.
And for now, there is no regulator to control the team, companies.
The project can be a  scam. Sometimes, the roadmap show that we must wait 2/3 years before to have something and finaly maybe that the product will be disappointing ?
I don’t think that an altcoin can be the next btc.

[Lumberjack1935]

(every investment has risk) I am undoubtedly studying a lot about it (ICO) with the information I read here, it will be of great help, thank you.
Answering the question, I do not trust ICOs.

[drachman]

i'm a newbe but i defenetely think it is not safe - not with all that scam and wallet vulnerabilities

Also there are many scammers around, even if you participate in an ico that is successful now you need to worry about not losing your coins to scammers, I have invested in some projects and the more active the project and the better prospects there are the more scammers appear and try to steal your coins.

It's really annoying. At this point you have to take enough security measures to secure your funds.

This is especially a problem in telegram, I swear that I receive about 5 times more direct messages from scammers than from real users, obviously I never click on anything anyone sends me but still it can be very annoying to be on your guard all the time so you do not lose your coins.

[bribed]

The safety of investing in an ICO depends completely on the due diligence that you are doing. As long as people would inform themselves correctly before investing in a new ICO, there would be way less scams successfully raising funds. But as many people dont do that enough, scams are more present now than ever. I suggest everybody to read the guidelines written here, and follow them, before investing in ICO's. Here the link to the thread: https://bitcointalk.org/index.php?topic=2243157.0

[DRAWDE_3691]

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 read once according to the etherium developer that ICO especially etherium is not safe and it is unstable because it is just a experemental technology and it is still immature, so for me, it is not safe- Bitcoin is still the best choice.

[richan]

Participating in ICO is just like investing your hard earned income in a traditional stocks. It requires a great deal of research and risk. If you have that mentality ,you can see ICO as a safe or not to participate in it.

[inyakizuryel]

The safetyness still depends on you and partially to the project or campaign developer, it is because of you if you lack on reading stuffs of the ico and unluckily you will be part of a scam ico, my opinion and advice is this, read carefully the information of a certain ico, there are many scam icos so be careful, but to be honest i am part of the ico right now, INS

[Isaac7coiner]

I think is safe in long term, but you have to chose the better ones. Also diversify because not all icons are gonna success, no matter how cool they look.

[IAME]

Disclaimer: We are a blockchain based tech company in Mauritius. (Ran by engineeers mostly and no we don't live on the beach and we can't buy a boat after the ICO and run to the carribeans)

I think this is currently the hot topic these days. We've posted something on our twitter wall here: https://twitter.com/IAMEIdentity/status/934134760665952257 telling people to make sure they know what they are investing in after the founders of a [Suspicious link removed]pany disappeared.

So first of all, a pretty wall doesn't necessarily mean a good investment. In french we say "L'habit ne fait pas le moine"

Make sure you do your research work on the people in the company.

i.e real linkedin profiles, make sure some of linkedin profiles are tech related too and can be traced, i.e a Restaurant director running a [Suspicious link removed]pany sounds dodgy.
See if they are already producing something. Is there a prototype? Is there an alpha release or at least a plan to do so.
Check if the founders can write code. Is there a github repo somewhere? If so see if they contributed something (I know we haven't so far, but we will soon)
At the end of the day this is a tech product, so make sure the people behind it know what they are doing. You need strong engineers to build a strong tech related product. Selling it is another story.
Check photos, location and see if the office is at least real. Make sure it is not a virtual office somewhere.
See if they are regulated if possible. (i.e backed by an entity. I.e we've applied for a regulatory license from the board of investment in Mauritius. That means we are accountable if something happens)
See who is advising the team if any and if so check their profile too( No advisors for us yet although, we know we still lack someone from a strong financial background to help us out)
Check if they received some funding before. If they did, that already makes it easier to invest in because someone already put money there. (Crunchbase is a good place to check)

I know ICOs have gotten a bad rep lately and I understand why but when one egg is bad, it doesn't necessarily mean that all eggs are bad. Just do your due diligence and make sure you are investing in something you believe in and not just to make some extra dollars when the tokens are listed. It is greed that is killing this whole ecosystem.

Let's not be greedy and be more passionate about what we are trying to solve !

That's my 2 tokens,
IAME.

[hot_ads]

ico is not particularly secure either. Most ico are still safe, like the recent bankex and oracles, which have novel ideas and ideas and should be profitable in the short term if invested.

[Brothersav]

Truly depends on the development team and whether the alt actually has a use. I came across a coin today called MORTYCOIN. WTF right??

[krayzie32]

Certainly, the answer is no. How can you get big profit with low risk thing man? You have to accept that truth.

[jhonjhon]

ico is not particularly secure either. Most ico are still safe, like the recent bankex and oracles, which have novel ideas and ideas and should be profitable in the short term if invested.

Agree with that. For making investment in ICO, we can't guarantee that we can get 100% gaining profit. Though not all ICO's  are scam but we should take all the precautions before making a hard decision. It is truly heart if we just let go our money for a scam ICO without knowing it in the start.

[iBlitz22]

it is depends on which ICO you want to participate with but before doing that do a further research about it and also its background so that you won't regret it at the end.

[nightways]

What kind of participation do you mean? If you intend to invest in ICOs, there is a risk. so you should be careful.

Investing in a ICOs is not doubt a risky thing but there is nothing in this life which you can actually get without taking such kind of risks in your life. There are number of people who are actually showing a great interest in investing their money in ICO. You need to have a good background knowledge about the things before making any kind of investment. Otherwise, there are chances of losing your money.

[Getcoinsite]

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.

safe or not it depends on the project developer or I can not figure it out, next bitcoin? no, I'm sure there are no coins that can rival or replace popularity as the first crypto currency.

thats right no one can replace the pioneering coin and that is bitcoin always remember that lots of Ico will come out and will make a promise that they will become the next top coins but trust me.all the ico who will mention such word would be scammer just a promise.better join the ico that wont promise big to happen but will do everything to make things possible both the ico and investor for success

[avadonne]

Participating in an ICO is really a tough decision, since these ICOs are not regulated by the government. So you have to think really hard before you invest your hard-earned money to them. Actually, in every investment there is always a risk involved. Whether it is an ICO or investing in an exchange. There is nothing safe, really.

[paloloy]

For me participating signature and other bounty campaigns in an ICO is risking nothing but investing your hard money does, if after an ICO the company is failing then that would be the most disaster happening in your life.
The best thing about participating an ICO is getting money without money capital from your own pocket.

[paloloy]

it is depends on which ICO you want to participate with but before doing that do a further research about it and also its background so that you won't regret it at the end.

There's a lot of ICOs today that isn't worth investing especially from your hard earned money so getting tokens through different bounty campaigns will likely give you good option on earning from them and convert it into cash. Somehow, that's the best idea we can do every time we see another ICO is starting their trade.