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Author Topic: Why I am quitting ICO's  (Read 2131 times)
bowals
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June 28, 2018, 04:38:13 AM
 #561

I have been wondering the same thing. Seems everyone just wanna do an ico for even the lamest of ideas. The amount of altcoins are so much and attention is diluted
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June 28, 2018, 05:18:15 AM
 #562

Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem.
This was what stuck out to me^^^.

I've heard it said that even bitcoin is a solution to a problem that doesn't exist, and if you view it as a currency only I'd be willing to believe that.  And ICOs?  I am by no means an expert on crypto, but judging from some of the ICOs I've seen, it looks like they're trying to crowbar a blockchain "solution" onto things that aren't even problematic in the first place.  I suspect in most cases it's not even the developers' intention to even do something unique and necessary--they're just looking for a profit, much like the developers of the myriad altcoins don't really think another shitcoin is necessary.  They just want to plant their own flag and cash in on the craze.

Never having invested in any of these ICOs, I don't have the rose-tinted glasses that a lot of investors have toward them.  They just seem silly to me at best, scams at worst.  It's no wonder why Wall Street hasn't bought into any of them (that I know of).  I'm old enough to remember the internet stock craze, and it really feels like that kind of vibe, except it's even worse because there's not even a real business behind the average ICO project, just some cryptocurrency that's almost guaranteed to approach zero within months.

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June 28, 2018, 11:36:31 AM
 #563

 It is understandable thing because I suppose right now ICOs are experiencing not the best period in their life, but I am a believer that everything would get more stable and successful very soon


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