Why I am quitting ICO's

[DikkieD]

Don't get me wrong guys and gals. The fact that those ICO's I participated in at Q1 didn't go x2/x10/x100 or whatever, doesn't mean I don't believe in them. It simply will take a long time before they turn profitable.

I did however decide to stop with ICO's, and wait until these reach exchanges....better to judge since a lot more time has passed (and more is done for the project).

The ICO's I am disappointed in the most are Beetoken, Dether, Lala and HOQU. All four still have potential, but wow...did they tank after getting on exchanges

[Taner]

In 2018, the majority of ICO were unprofitable, about 76 percent, even Te-Food. On red market harder than on green, affects not only the traders.

[STT]

I know of some ICO which I expect to be profitable, gambling related mostly.   Should I expect the price to expand greatly in that case I'am correct.   Any ICO which leads to a revenue stream steady and with a decent yield should then boost the token price massively ?

Probably a base investment rule is stick to what works, theres clever new ideas but crypto always had a strong association to gambling and its an industry considered recession proof.  They even state this in an episode of Sopranos I'am remembering, kinda funny but its a long term truth.  Ideally crypto is mixed with real world sense on principles true for decades if not hundreds of years.  I always will disagree with people who state this is all new, unprecedented when actually alot of the dynamics we see are repeated and common to any capitalist system.  Its a positive, the tech is new the markets should be familiar and tradable I hope

[Ashimwe]

Man am also quitting ICOs , this January and February have been a disaster in my ICO world, look at my investments in the last 2 months at ICO price and current price
ICO price  .................CURRENT PRICE ($)
CPY at 1.15.......  ...0.14
seth     2..................0.3
Exyperty 1..............0.1
Iungo1.5................0.08
Ian 2.5................0.9
FUCK icos for now

[forklif]

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.

[Tigerw]

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.

The fact is that recently a lot of the project is beginning to disappoint. You spend money and your forces during this or that device, and in the end you stay at all without anything. Or the project has bad developers, or this project is run by scammers.

[onnz423]

Don't get me wrong guys and gals. The fact that those ICO's I participated in at Q1 didn't go x2/x10/x100 or whatever, doesn't mean I don't believe in them. It simply will take a long time before they turn profitable.

I did however decide to stop with ICO's, and wait until these reach exchanges....better to judge since a lot more time has passed (and more is done for the project).

The ICO's I am disappointed in the most are Beetoken, Dether, Lala and HOQU. All four still have potential, but wow...did they tank after getting on exchanges

Why would you think that these had potential, other than Dether most of these look completely useless.

ICOs aren't booming like they used to, it isn't 2017 anymore unfortunately, crypto is really going down hill.

[BitcoinMarshal]

Your all points very good and these companies need to think about this if they want encourage investors because if this trend is not going to stop then these are all going in scrap and big opportunity going in vain this year I also have some massive losts in few ICO's and this is unrecoverable as these tokens going more down without any recovery chance we need some good teams and managements for doing good ideas and good ROI for all

[Happiest]

The last part of your article got me laughing   you captured the scenario vividly. Just like a telegram i am in, users in there keeps on shouting 'when Moon' 'when lambo'. Just this past week, the coin topped from 0.002 to 0.6 . Almost every members in the group went crazy everyone was shouting 'to the moon!' 'to the Moon'! Even members who are always silent where awaken. Then two days ago the coin went back  to 0.03, the group was silent . then it stuck me, people are in ICO just because of the money.

[Hadji]

The last part of your article got me laughing   you captured the scenario vividly. Just like a telegram i am in, users in there keeps on shouting 'when Moon' 'when lambo'. Just this past week, the coin topped from 0.002 to 0.6 . Almost every members in the group went crazy everyone was shouting 'to the moon!' 'to the Moon'! Even members who are always silent where awaken. Then two days ago the coin went back  to 0.03, the group was silent . then it stuck me, people are in ICO just because of the money.

it is quite true, it is difficult to find ideological people ready to go through all the ups and downs of the project. And the creators themselves are the main goal of money and not the idea

[leonair]

I know of some ICO which I expect to be profitable, gambling related mostly.   Should I expect the price to expand greatly in that case I'am correct.   Any ICO which leads to a revenue stream steady and with a decent yield should then boost the token price massively ?

Probably a base investment rule is stick to what works, theres clever new ideas but crypto always had a strong association to gambling and its an industry considered recession proof.  They even state this in an episode of Sopranos I'am remembering, kinda funny but its a long term truth.  Ideally crypto is mixed with real world sense on principles true for decades if not hundreds of years.  I always will disagree with people who state this is all new, unprecedented when actually alot of the dynamics we see are repeated and common to any capitalist system.  Its a positive, the tech is new the markets should be familiar and tradable I hope

I also believe that Gambling website that is brought by developers using Bitcoin or any other sort of Altcoins or even tokens by ICO's are great before but it changed my perspective now because we all know that regulations of the Government regarding the usage of Internet itself are getting stronger and it will surely affect Cryptocurrencies and ICOs in no time and with that we can't do nothing if something happens unnecessarily.

[winterland]

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.

At the end we are the ones who decide what to do with our money, however those that have bad experiences investing in new coins and new projects should probably think twice about investing again in those projects after all if they have been unable to choose a coin that becomes successful then it's probably because they lack the skills to distinguish a scam project from a legitimate one.

[matanglawin]

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 , but still wanted to share my experiences and perhaps save people from thinking of getting on board of the next x100 ICO

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'

This is indeed interesting but people had different perceptions. Most of the people are awared of the risk on investing in ICOs due to the volatility in the market. But still, all ICOs are not the same. Some are earning huge profit from ICOs which definitely has different point of view as yours. ICOs are still profitable but if you choose on not to participate anymore, we can't do something about it.

[ReceiptCoin]

I'm a software developer. I thought, wow this is a great way to pre-sell some product. Then everyone started doing ICOs and it disappoints me because I don't have a marketing team. So now all these projects are getting money for projects that aren't even possible a lot of the time. There are good teams out there making real products, but you'll have to search for them. I was developing software before any of this started and I'm going to be watching all these pump and dump ICOs make and lose money and I'll still be here making my software. If I have to go back to uber driving I will. My project will finish because it was designed and is developed by a software engineer with a project that was always possible. I don't think people should quit ICOs. I think they should just stop investing in vaporware, pump and dumps and things the blockchain doesn't matter for, like AI and virtual reality. The blockchain is for record keeping. That is what it is good at. Look for projects that do blockchainy things like record keeping and look for projects run by software engineers. All of these projects that strictly talk about how they are going to burn coins and get on exchanges are obviously garbage. If you don't have a product or a reason to have a token then it is a pump and dump. You need to have some sort of service if you are a utility or some sort of asset if you are providing a trade. Otherwise we already have crypto currencies. Stop investing in things just because you see marketing everywhere. If you treat it like a casino then you'll lose like a casino. Use your head.

[Yaunfitda]

I'm a software developer. I thought, wow this is a great way to pre-sell some product. Then everyone started doing ICOs and it disappoints me because I don't have a marketing team. So now all these projects are getting money for projects that aren't even possible a lot of the time. There are good teams out there making real products, but you'll have to search for them. I was developing software before any of this started and I'm going to be watching all these pump and dump ICOs make and lose money and I'll still be here making my software. If I have to go back to uber driving I will. My project will finish because it was designed and is developed by a software engineer with a project that was always possible. I don't think people should quit ICOs. I think they should just stop investing in vaporware, pump and dumps and things the blockchain doesn't matter for, like AI and virtual reality. The blockchain is for record keeping. That is what it is good at. Look for projects that do blockchainy things like record keeping and look for projects run by software engineers. All of these projects that strictly talk about how they are going to burn coins and get on exchanges are obviously garbage. If you don't have a product or a reason to have a token then it is a pump and dump. You need to have some sort of service if you are a utility or some sort of asset if you are providing a trade. Otherwise we already have crypto currencies. Stop investing in things just because you see marketing everywhere. If you treat it like a casino then you'll lose like a casino. Use your head.

Why are you disappointed when you have your project that you believed in. If you are not a scammer and you genuinely think that our software or project can be positive then you don't need to be disappointed.

There are still people who are willing to dole out their hard earn cash on ICO. I'm sure that doing your homework and proper investigation is being done by people who uses common sense here and not just listen to hype.

I suggest you continue with your project, hire marketing professional to spread the word around and I'm sure that you can still find investors around.

[Lexurdania]

Every person have their own experience and others people have different experience when they joining ICO. Some people join ICO because they can double their money when that coin/token entering market. Its really important thing to research about the project ICO and their team

[vina.lugtu]

I understand your decision. ICO's can go bad sometimes and the fact big investors are buying their coins, it will make it harder for us to get the bonus. What I don't like is that they are giving out huge bonuses for those who paid a lot of money. I know its a marketing strategy but I think they should at least balance it because it feels unfair if you are at the bottom looking up. There are even ICO's with a minimum investment of $30000. There is no way I can come up with that money.

[STT]

The whole point of crypto is strength through distribution so I really disagree with this idea of minimum investment of 30,000.   That excludes the smallest people, maybe their business plan is purely business to business commerce ?  It would make some sense in that respect otherwise I think some of these projects miss the point and momentum behind a good ICO is likely to come from the people, it has parallels to crowd funding but in a more secure way hopefully.

I think some of the price disappointment would link short term to the fall in ETH price itself.  A proper ICO will have its own market driving it though, not just be a speculative token.   That whole exchange perspective is short term driven and we see currently the market is negative short term.    I really hope ETH proves itself tied to business revenue and supported by it, more so then BTC can prove.   Hopefully 2018 gives new dynamics unfolding

[maculeth]

it would be a big risk if investing in ico but ultimately ico failed to meet sales targets and eventually get a loss. but I'm not investing, I'm just a participant.

[radeone]

Most ICO's haven't borne fruit. Have a working product. Fairy tales.