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Author Topic: Why I am quitting ICO's  (Read 3066 times)
S.GOMEs
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June 06, 2018, 01:55:52 AM
 #541

It is necessary to carefully select all read about in Social Media. Well acquainted with the team, read what others have to say investors and experts.It is completely secure from fraud but at least minimizes risk join fraudulent ICO.
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June 06, 2018, 01:59:44 AM
 #542

Very interesting points you have made.. Icos are getting too many in general.

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June 06, 2018, 03:09:07 AM
 #543

It's certain that the hard caps are high and that there are more and more... But some ICOs like crypterium or titanium still managed to reach it! I think the real problem is that it dilutes all this money on the market cap and therefore prevents good projects from succeeding  Sad
I never dropped an ico if I decided to leave us thinking that was the reason for ico, not my will or my fault, maybe those ico projects deceive or the benefits of Poor community makes me feel that I should not follow ico again
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June 10, 2018, 03:45:02 PM
 #544

This is your point of view and im not against it. But for me, some ICOs help me a lot. Though i dont really invested on them and just got my tokens from bounties. Some of the thing you pin-pointed is really true and also in observe. Especially with this "many ICOs", and yes there are so many ICOs existing now in the market and somehow its very confusing where to invest. We cant also differentiate which one of them is a scam. Most of it is really a legit project that have their roadmap that attract many investors. This is a  scary part being involve in this ICOs. So i guess somehow i can feel your sentiments

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June 10, 2018, 05:24:39 PM
 #545

The phenomenon of "ICO" is overhyped. This creates a lot of speculation that makes people go crazy. People just buy and sell without researching and leading to their downfall.
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June 15, 2018, 03:51:59 PM
 #546

This "ICO" phenomenon is overhyped. This creates a lot of speculations that drive people crazy. People just buy and sell without researching and leads to their downfall. I hope you'll find another area in which you can succeed.
Yes, there are a lot of new ICOs every day, and that will make us panic and lazy to learn about the projects. But anyway in 2018, I still see that ICO projects will be able to continue to make a lot of money


I just hope that it will be very honest and transparent projects. Unfortunately, many people decided to quit ICOs as they met a lot of scammers. I am very sorry for it.

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June 15, 2018, 04:10:32 PM
 #547

This "ICO" phenomenon is overhyped. This creates a lot of speculations that drive people crazy. People just buy and sell without researching and leads to their downfall. I hope you'll find another area in which you can succeed.
Yes, there are a lot of new ICOs every day, and that will make us panic and lazy to learn about the projects. But anyway in 2018, I still see that ICO projects will be able to continue to make a lot of money


I just hope that it will be very honest and transparent projects. Unfortunately, many people decided to quit ICOs as they met a lot of scammers. I am very sorry for it.

There is no way to determine if the ico is an honest proejct or a scam but you can always check the platform if it was reliable or not because the transparency of every developer will determine the project if it is reliable or not.

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June 15, 2018, 04:30:04 PM
 #548

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

Dead right. Luckily the past few ICO's I have participated gave a promising amount of tokens. Hopefully it's true though.

And you nailed it with "too much tokens reserved for team/marketing". yes they maybe responsible for the success of the project but the heck, a lot is allotted to their team that it makes the purpose of the project money milking ICO. Beside from that, there are a lot of bounty managers who b*tch out with the bounty hunters who asks a valid and appropriate questions. (Don't want to mention a team. LOL)

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June 15, 2018, 05:00:52 PM
 #549

This "ICO" phenomenon is overhyped. This creates a lot of speculations that drive people crazy. People just buy and sell without researching and leads to their downfall. I hope you'll find another area in which you can succeed.
Yes, there are a lot of new ICOs every day, and that will make us panic and lazy to learn about the projects. But anyway in 2018, I still see that ICO projects will be able to continue to make a lot of money

But I like these projects coming everyday if they are legit because on investment we earn a good profit from that projects.#

I do not know that why OP quit to invest in ICO for a few low value ICO investment as there are a lot of ICO which from the beginning came to know as more legit and of high potential ICOs and the investors earn a good profit.

In general there are so many ICO are there in the forum o=most of it are scams, You just need to choose wisely , Dont be lazy on reading and analyzing a certain iCO, It takes time to find a legit ICO in this scenario, patience is needed here in crypto, Quiting ICO will gain you nothing, especially when you are an investor, you will have loss no gain.

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June 15, 2018, 07:10:12 PM
 #550

most of the points mentioned look very realistic in current times in ico programs but patience pays a large in ico profit expectation last year profits are above more than 5000 percent for some icos
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June 15, 2018, 07:18:48 PM
 #551

This "ICO" phenomenon is overhyped. This creates a lot of speculations that drive people crazy. People just buy and sell without researching and leads to their downfall. I hope you'll find another area in which you can succeed.
Yes, there are a lot of new ICOs every day, and that will make us panic and lazy to learn about the projects. But anyway in 2018, I still see that ICO projects will be able to continue to make a lot of money


Yes you are right,  you can still earn a huge amount of profit from investing on ico's or just by working on their bounty campaigns, you will not get any problem unless you check the platform of an ico you are interested if they are really good for long term investment or not.

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June 15, 2018, 08:15:34 PM
 #552

All that you have described is the place to be, but maybe it's just different. The crypto-currency market is actively developing because of what you need to more carefully analyze the ICO in which you want to invest. Previously, you could invest in any project and get a huge profit immediately. Now you need to carefully approach the selection.

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June 19, 2018, 12:00:49 PM
 #553

I think It's a pity that you had such a sad experience. I participated in several successful ICO's. Of course now there is a lot of scam. But there are also very strong projects. You need to be able to see the potential.
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June 20, 2018, 05:35:20 AM
 #554

From a strictly economical standpoint i understand. I however invest in ICOs not just to make money, but to help the project succeeding by providing capital. Sure you could wait until after the ico for the whales to crash the price, but if everyone would do that, icos would cease to exist

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June 20, 2018, 05:52:17 AM
 #555

I spread out over several highly sought after ICO's (Wepower, Envion etc).   All are now below ico price! 

So far I don't think I chose obvious scam ICO's, but I did have higher hopes.

Not only are there many scams out there, the whales seem to buy up the icos and dump at the first chance therefore crashing the price along the way.  I think something needs to be done, but i am unsure what.......... Cry

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June 20, 2018, 05:58:45 AM
 #556

I decided to quit ICO's.

  • 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.


Those are great reasons, except that if it's an Eth token, then it's automatically on Etherdelta.

But I won't touch any ICOs and I'm going to focus more on things like bounties.
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June 20, 2018, 06:16:32 AM
 #557

When people talk about their motives for investing in ICOs they always talk about profit. Would anyone of you say there's more to it?
I am asking because I am a researcher in entrepreneurial finance and a lot of researchers are interested in investigating ICOs. The point of view here is the venture (not the investor), so whether ICOs are a useful tool to acquire capital.

If investors are only after the price, this would suggest that good ventures will not necessarily get more funding than bad ventures. Rather, the ICO that generates most hype will get most money, irrespective of its actual quality. This, in turn, would suggest that ICOs are actually not a good way of funding ventures.
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June 21, 2018, 11:15:22 AM
 #558

This ""ICO"" phenomenon is overhyped. This creates a lot of speculations that drive people crazy. People just buy and sell without researching and leads to their downfall. I hope you'll find another area in which you can succeed.
Yes, there are a lot of new ICOs every day, and that will make us panic and lazy to learn about the projects. But anyway in 2018, I still see that ICO projects will be able to continue to make a lot of money


The point is just that from month to month, it is getting harder to find those successful ICO that you are speaking about, because while there is tons of scam Project it gets really hard to find something good.


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June 21, 2018, 12:08:47 PM
 #559

Interesting point of view.
I'm on exactly opposite end - I'm going deeper with ICO's this year.

Your points are pretty valid, but this mean you just need to be more peaky where you are investing. And I'm always and only buying during the pre-ico phase, avoiding those ICO's with massive pre-sale.

So far i really like participating in ICO's yes there are failed ICO's that can be a disappointment to us but there are still legit one's that can give us better profits. Let us not get discourage so that we still have the opportunity to succeed. The more careful we are in our investments the more chances we can obtain.

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June 27, 2018, 03:05:45 PM
 #560

Well, I am now more supportive to ICOs... I really like the idea of "someone's trash could be somebody else's treasure." And that occurs everytime I sell ICO tokens after my target gains were reached. Somebody buys it eh, then that probably means they have a better strategy than me hodling that ICO token.

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