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Author Topic: Why I am quitting ICO's  (Read 3060 times)
Domenc
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May 08, 2018, 07:32:59 PM
 #341

So, many ICO have really made fed up many people, everyday I open the internet so many new ICO are looking for investors. This is really a dirty bossiness and one needs to be very careful before investing in any ICO. ICO which seems sketchy should be ignored upon first look. I always look for the renowned faces in the team so that you can get some assurance for your money.
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May 08, 2018, 07:49:07 PM
 #342

This is the reason why I strictly dissect ICO that I am investing from time to time. I always focus on something that has network effect, that will capture value and building a unique and important protocol. If it just another ICO aiming to have card then I tell them, nevermind, there's too much similar platform like that already.
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May 08, 2018, 08:19:51 PM
 #343

Winners never quit, You just need to be strategic in your approach, Most of the ICO I invested in December-January did not do well, a friend just encourage me not to give up base on his experience. Do not invest base on the  number of followers on telegram or social media.

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May 10, 2018, 07:27:20 PM
 #344

should not give up ICO. We all know in the Crypto market that ICO plays a very important role. It can generate many times the profit. But now there are too many ICOs every day. If that is the right choice then I believe there are still plenty of potential and make a lot of profit
You can earn money with icos that is correct, but at the same time it is getting harder to earn any significant amount of money through them because there are so many new projects that it is almost impossible to know which one is a scam and which one is a real one, people get confused all the time and they invest in the project that it was a scam and they lose their money instead, that is why there are many people that are stopping investing in icos.
Right now marketing is doing main roll in these all ICO's because I check few scam ICO's take money just because of marketing and run away as few countries implementing laws about them is good but still need to do some more work for avoiding these scams in recent days I check few projects take good amount of money and as ICO end they never came back or give update just because of this very hard to find good projects
Even if I do not like the idea of governments implementing regulations and laws to cryptocurrencies I understand that it was almost inevitable and taking into account the amount of scams that are going on in the market of icos I will say that governments had almost most no choice but to try to stop the big amount of scams going on in that market.



.
.BITVEST DICE.
HAS BEEN RELEASED!


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Rainbot
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May 10, 2018, 09:22:16 PM
 #345

I decided to quit ICO's. From December till now I invested about 5 eth into several ICO's. Invest what you can miss, this is what was able to miss.

Right now the first few of my ICO's have reached the exchanges. Most are under performing, but this is related to the overall dip (can be read everywhere). I understand, but ICO token economics have changed also.

  • massive hardcaps
  • most is sold in pre-sale to big investors, leaving scraps for crowdsale
  • much attention to marketing, less to working product or realistic time lines
  • immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future
  • no lock on pre-sale tokens, whales take their x2, x3 or x-whatever as soon as possible (I would probably have done the same). Prices drop to below ICO price.
  • too many ICO's without distinctive differences.
  • too many ICO's in general
  • too much tokens reserved for team/marketing
  • many ICO's don't even have a crowdsale anymore (which perhaps is a good thing as the little investors are protected this way)
  • ICO prizes are quite high. 1eth = 1000/4000 tokens is pretty common, but with a hc of 40 million, this will not easily go x10 or more.

I was 'unlucky' to miss out on a few ICO's besides the ones I was able to participate in. Afterwards I am glad, since I was able to pick most up at a fraction of the ICO price.

Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem. Some may seem like a fantastic solution, but often it is marketing combined with a strong team, and not so much a great working product.

And who am I? I am definitely a nobody Tongue, but still wanted to share my experiences and perhaps save people from thinking of getting on board of the next x100 ICO Smiley

p.s. when a Telegram has over 20k subscribers all screaming 'when lambo' with endless rows of animated gifs, you may also wonder if this is a serious block chain solution which will revolutionize 'x' Smiley

I think you are right. To anyone who notice, among the things that has been mentioned above, much attention to marketing, less to working product or realistic time lines really hits the mark. This is a spot on analysis on what is happening on ICO's. Not to mention the tokens allocated to the ICO team and marketing. Everyone wants a piece of the golden treasure and as a result, a lot of investors are not enticed on ICO. I think a lot of people are prioritizing trading instead of ICO's.

  ❑  GOLDMA ❑     Facebook ✰  Twitter ✰ Telegram ✰ Whitepaper    ❑  GOLDMA ❑
  ICO JULY12th,2018    Gold Mining Asset (GMA) Digitizing Gold Assets  END OCT12th,2018
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jpnl0003
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May 10, 2018, 10:21:20 PM
 #346

I don't figure I will surrender the ICO. I see numerous tasks they apply great innovation to the truth and these are great undertakings worth contributing so why desert them? In the event that you invest a great deal of energy not putting resources into phishing ventures, I trust you will profit.
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May 10, 2018, 10:42:20 PM
 #347

should not give up ICO. We all know in the Crypto market that ICO plays a very important role. It can generate many times the profit. But now there are too many ICOs every day. If that is the right choice then I believe there are still plenty of potential and make a lot of profit
You can earn money with icos that is correct, but at the same time it is getting harder to earn any significant amount of money through them because there are so many new projects that it is almost impossible to know which one is a scam and which one is a real one, people get confused all the time and they invest in the project that it was a scam and they lose their money instead, that is why there are many people that are stopping investing in icos.
Right now marketing is doing main roll in these all ICO's because I check few scam ICO's take money just because of marketing and run away as few countries implementing laws about them is good but still need to do some more work for avoiding these scams in recent days I check few projects take good amount of money and as ICO end they never came back or give update just because of this very hard to find good projects
Even if I do not like the idea of governments implementing regulations and laws to cryptocurrencies I understand that it was almost inevitable and taking into account the amount of scams that are going on in the market of icos I will say that governments had almost most no choice but to try to stop the big amount of scams going on in that market.
And they have no idea what the money from these scams are going to be used for, Because most of them will certainly use it for vices that will bring harm to almost everyone that is terrorism financing or for a dug cartel.



BITVEST DICE
HAS BEEN RELEASED!


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Rainbot
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May 11, 2018, 06:16:48 AM
 #348

Just need to choose projects in which give good bonuses at the main stage of ICO, and where the development team leaves no more than 10% of the tokens.

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May 11, 2018, 08:39:02 AM
 #349

Point number 1 2 and 3 are the main factors why ICO nowadays is likely to fall after released to the exchange. Too ambitious with the hardcap, when the hardcap is nowhere to be reach, the ico tends to collapse.
Presales often just accomodating few big investor, leaving the others with small capital nothing.
Company that want to start new ICO now need to fix it, to gain back more trust from the investor and positive responses from the market
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May 11, 2018, 12:07:58 PM
 #350

I do not believe that all ICOs have lost their value and what we need to do is to choose the best ones from them because they are worth looking at.

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May 11, 2018, 12:13:25 PM
 #351

I decided to quit ICO's. From December till now I invested about 5 eth into several ICO's. Invest what you can miss, this is what was able to miss.

Right now the first few of my ICO's have reached the exchanges. Most are under performing, but this is related to the overall dip (can be read everywhere). I understand, but ICO token economics have changed also.

  • massive hardcaps
  • most is sold in pre-sale to big investors, leaving scraps for crowdsale
  • much attention to marketing, less to working product or realistic time lines
  • immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future
  • no lock on pre-sale tokens, whales take their x2, x3 or x-whatever as soon as possible (I would probably have done the same). Prices drop to below ICO price.
  • too many ICO's without distinctive differences.
  • too many ICO's in general
  • too much tokens reserved for team/marketing
  • many ICO's don't even have a crowdsale anymore (which perhaps is a good thing as the little investors are protected this way)
  • ICO prizes are quite high. 1eth = 1000/4000 tokens is pretty common, but with a hc of 40 million, this will not easily go x10 or more.

I was 'unlucky' to miss out on a few ICO's besides the ones I was able to participate in. Afterwards I am glad, since I was able to pick most up at a fraction of the ICO price.

Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem. Some may seem like a fantastic solution, but often it is marketing combined with a strong team, and not so much a great working product.

And who am I? I am definitely a nobody Tongue, but still wanted to share my experiences and perhaps save people from thinking of getting on board of the next x100 ICO Smiley

p.s. when a Telegram has over 20k subscribers all screaming 'when lambo' with endless rows of animated gifs, you may also wonder if this is a serious block chain solution which will revolutionize 'x' Smiley
If ICOs doesn't work for you, it is really good if you will just stop making investment. You will continuing to experience loss if you will continue to make investment with ICOs. You should gather more information for you to become knowledgeable person.

▬▬■ ■ ■▬▬ The Future of Work. Decentralized. ▬▬■ ■ ■▬▬
WhitepaperANN THREADTELEGRAMFACEBOOKTWITTERYOUTUBE
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May 11, 2018, 12:34:11 PM
 #352

I decided to quit ICO's. From December till now I invested about 5 eth into several ICO's. Invest what you can miss, this is what was able to miss.

Right now the first few of my ICO's have reached the exchanges. Most are under performing, but this is related to the overall dip (can be read everywhere). I understand, but ICO token economics have changed also.

  • massive hardcaps
  • most is sold in pre-sale to big investors, leaving scraps for crowdsale
  • much attention to marketing, less to working product or realistic time lines
  • immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future
  • no lock on pre-sale tokens, whales take their x2, x3 or x-whatever as soon as possible (I would probably have done the same). Prices drop to below ICO price.
  • too many ICO's without distinctive differences.
  • too many ICO's in general
  • too much tokens reserved for team/marketing
  • many ICO's don't even have a crowdsale anymore (which perhaps is a good thing as the little investors are protected this way)
  • ICO prizes are quite high. 1eth = 1000/4000 tokens is pretty common, but with a hc of 40 million, this will not easily go x10 or more.

I was 'unlucky' to miss out on a few ICO's besides the ones I was able to participate in. Afterwards I am glad, since I was able to pick most up at a fraction of the ICO price.

Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem. Some may seem like a fantastic solution, but often it is marketing combined with a strong team, and not so much a great working product.

And who am I? I am definitely a nobody Tongue, but still wanted to share my experiences and perhaps save people from thinking of getting on board of the next x100 ICO Smiley

p.s. when a Telegram has over 20k subscribers all screaming 'when lambo' with endless rows of animated gifs, you may also wonder if this is a serious block chain solution which will revolutionize 'x' Smiley

In investment and business of course there are always two sides that are just as strong as profit or loss, when you often get unfavorable ICOs then it is an experience for you and us all, certainly behind your disappointment in ICOs then there is a bigger lesson for us to get profit from ICOs.


 
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steveabrahams
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May 11, 2018, 12:45:38 PM
 #353

  • immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future

Actually this one is not from the project owner side, Etherdelta and IDEX can list any tokens on their site because of decentralized exchanges. Most of all your points are true though about the ICO, but i still have faith on ICOs and i also invest 5 ETHs on 1 project which i think good to invest.
King Sastro
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May 11, 2018, 01:05:14 PM
 #354

I think there are many legit and profitable ICOs, of course with very good analysis, there is one thing that is easiest to follow ICOs and we profit that is choosing ICOs that have reached softcap so it can be ascertained that the project is successful.

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callingbubblyH
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May 11, 2018, 02:06:13 PM
 #355

The reasons you stated where quite notable and I am too starting to fear it really Sad
aishyoo17
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May 11, 2018, 02:12:54 PM
 #356

Winners never quit, You just need to be strategic in your approach, Most of the ICO I invested in December-January did not do well, a friend just encourage me not to give up base on his experience. Do not invest base on the  number of followers on telegram or social media.
He probably one of the newbies who was hype and its understandable if he feels like quitting. But as what you said most of the ICO are not doing well at that time range because of the dip and I think this is normal.

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BitcoinMarketer39
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May 11, 2018, 02:26:09 PM
 #357

I decided to quit ICO's. From December till now I invested about 5 eth into several ICO's. Invest what you can miss, this is what was able to miss.

Right now the first few of my ICO's have reached the exchanges. Most are under performing, but this is related to the overall dip (can be read everywhere). I understand, but ICO token economics have changed also.

  • massive hardcaps
  • most is sold in pre-sale to big investors, leaving scraps for crowdsale
  • much attention to marketing, less to working product or realistic time lines
  • immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future
  • no lock on pre-sale tokens, whales take their x2, x3 or x-whatever as soon as possible (I would probably have done the same). Prices drop to below ICO price.
  • too many ICO's without distinctive differences.
  • too many ICO's in general
  • too much tokens reserved for team/marketing
  • many ICO's don't even have a crowdsale anymore (which perhaps is a good thing as the little investors are protected this way)
  • ICO prizes are quite high. 1eth = 1000/4000 tokens is pretty common, but with a hc of 40 million, this will not easily go x10 or more.

I was 'unlucky' to miss out on a few ICO's besides the ones I was able to participate in. Afterwards I am glad, since I was able to pick most up at a fraction of the ICO price.

Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem. Some may seem like a fantastic solution, but often it is marketing combined with a strong team, and not so much a great working product.

And who am I? I am definitely a nobody Tongue, but still wanted to share my experiences and perhaps save people from thinking of getting on board of the next x100 ICO Smiley

p.s. when a Telegram has over 20k subscribers all screaming 'when lambo' with endless rows of animated gifs, you may also wonder if this is a serious block chain solution which will revolutionize 'x' Smiley

I think that you are not getting the right ico for you because now days there are still ico who are paying a decent amount of tokens that you may even use for your living so do not give up on working in bounty campaigns.

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May 11, 2018, 02:28:44 PM
 #358

yeah someone with no responsiblty like a people who showing their project scam, that are disgusting, they using the name of crypto and they just make not an ico name are falling, but the name of the cryptocurrency too
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May 11, 2018, 02:37:08 PM
 #359

Although the ICO has a lot of fraudulent projects, but I will not ignore. This is a high risk investment but it is profitable and I accept it. Currently there are many good projects to invest, so why ignore it.
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May 11, 2018, 02:47:43 PM
 #360

Winners never quit, You just need to be strategic in your approach, Most of the ICO I invested in December-January did not do well, a friend just encourage me not to give up base on his experience. Do not invest base on the  number of followers on telegram or social media.
He probably one of the newbies who was hype and its understandable if he feels like quitting. But as what you said most of the ICO are not doing well at that time range because of the dip and I think this is normal.

Well many newbies are feel to quit and some of their reason is they lose their money ,but if you really learned about the ICO and you will know how to be a strategic. For sure you'll never want to give up and you will choose to stay and earn more.

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