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Author Topic: Why I am quitting ICO's  (Read 2131 times)
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May 23, 2018, 01:57:22 PM
 #481

Very true. Most of your points are valid but remember that there are always good nuts in every bad nuts. There are ICOs that have very good prices even after main sales. But it seems the trend is changing now. It isn't any ICO that can make it. Some have even extended their sales for over  months. Investors are getting vigilant so I think things are getting better

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May 23, 2018, 02:04:57 PM
 #482

Yes, your point of view is correct, I think 2018 ICO prices are falling, which found no ICO price is rising, perhaps because of the encryption market is very weak.

But I'm not going to give up ICO, I still invest in ICO.
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May 23, 2018, 02:26:46 PM
 #483

personally i am prefer buy coins/token in market.following ico with some discount is not guarantee for us to get profit.usually price dumped by some people that hodl much tokens.it can be from bounty hunter or investor that join at private sale session.

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May 23, 2018, 02:41:08 PM
 #484

participating in ICO means that you believe in the project not just a flop when hitting exchanges.. people should put out in their mind that in ICo youll get immediate profit.. for me, participation in ICo means your investing for a long term

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May 23, 2018, 02:42:14 PM
 #485

There are many people who want to give up ICOs, not just you. By the fact that besides good projects there are still scam projects ICO. Should not we always join the ICO as well. Depending on the case and know the project options that involve and invest.

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May 23, 2018, 02:48:18 PM
 #486

personally i am prefer buy coins/token in market.following ico with some discount is not guarantee for us to get profit.usually price dumped by some people that hodl much tokens.it can be from bounty hunter or investor that join at private sale session.
for now on your opinion correct.much icos now down after entering market.so many dumper from community and they want progress development that some time unrealize.


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May 23, 2018, 03:08:31 PM
 #487

I think I got your point  all about
Interest
Volume
Value
Investors
Profits
Loses
And chance to lambo

Too risky but keep the fire burning to invest. However, there are things we encounter along the way that against us. Still keep the fire burning and change your strategy while you have a chance to turn it on another way that will be your next journey.

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May 23, 2018, 03:26:40 PM
 #488

Very informative read and for the most part I side with everything you say.
The problem with ICOs is that they will prob never go away, so the crypto community as a whole is going to continue to make aware which ICOs are legit and which are clearly scams.


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May 23, 2018, 03:51:48 PM
 #489

I respect and understand your points as to why you are quitting ICO, all these are valid points but personally I am looking at it the other way around, I am interested in investing on ICOs nowadays. I am still in the researching phase, knowing more about it, but I know that I can also gain good returns from investing on them. I am willing to face the risks so hopefully, all will be good for me.

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May 23, 2018, 04:15:03 PM
 #490

i do not stop from ico, but i just be careful in choosing ico. Today many projects are doing ico so the chances of success of ico is getting smaller.
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May 23, 2018, 04:31:57 PM
 #491

I respect and understand your points as to why you are quitting ICO, all these are valid points but personally I am looking at it the other way around, I am interested in investing on ICOs nowadays. I am still in the researching phase, knowing more about it, but I know that I can also gain good returns from investing on them. I am willing to face the risks so hopefully, all will be good for me.
We should just understand each other here and I know it is not easy for us to do and invest in ICO especially when we are continually victim of a scam, that is why it is so important to know the ICO well before putting our hard earned money on it.

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May 23, 2018, 04:34:32 PM
 #492


I agree with each word! ICO as an investment direction is ineffective at the moment -with very rare exceptions. In my opinion, it is much more interesting to invest in the top 10 crypto-currencies.

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May 23, 2018, 07:05:24 PM
 #493

it's kind of a gamble, Sometimes you loose and sometimes you win, this investment is risky. now There are many ICO's and most dependent when they complete the sale. Sometimes people just buy and sell without researching what will happen next, not taking into account the bad things will happen.
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May 23, 2018, 07:10:29 PM
 #494

Since I have no money to invest in any ICOs, nor have money to buy several altcoins, then might as well join campaigns that will give me altcoins without the hassles of thinking about the current trends in the market.

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May 23, 2018, 08:05:17 PM
 #495

ICO's are not participated unless people see ICO's only as means of making money. There is no chance everyone will make money at the same time.

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May 23, 2018, 10:18:43 PM
 #496

Whether you quit it or not, that'd be your decision but to clear some things out, investing to ICOs is like gambling because there's no assurance of earning profit no matter how good a platform is (of the ICO project). The reason behind this is the market volatility. So it goes as some will be profitable and some are not. But overall, ICOs are really profitable.

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May 23, 2018, 10:37:11 PM
 #497

I decided to quit ICO's.

  • too many ICO's without distinctive differences.

I think that's the main reason why most ICOs nowadays resemble scam.. There are so many alike projects dealing with the same problem that their value diminishes proportionally to their number.
The most popular theme now is increasing the scalability of blockchain, but when there are like ten project involved in that, it is hard to choose the best and most prospective one.

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

Yeah, I also get annoyed when all those people start flooding mix up important information.
The activeness of admins of Telegram groups is another indicator of the project's "seriousness", you are right.

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May 23, 2018, 11:19:48 PM
 #498

ICO's are not participated unless people see ICO's only as means of making money. There is no chance everyone will make money at the same time.
For me quitting investing in ico is okay if you are loosing a big amount of money because finding a great ico is really hard to do because now there are so many ico, and not all of those ico is becoming successful so to quit in ico is okay, but you should not quit supporting cryptocurrency.

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May 24, 2018, 12:10:24 PM
 #499

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
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May 24, 2018, 12:19:50 PM
 #500

there are many reasons why people stop from ico. they feel less interested in ico because they have a lot of loss and also have many cases of fraud against an ico. trust becomes down


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