Why I am quitting ICO's

[k@suy]

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'

I think not all ico are scams, but many ico are nice and have the potential to grow. If you ever fooled with ico do not think all ico is a scam, try to bounce back and see ico in a positive manner.

I am with the author, and really I can relate his concerns. Though not all ICO's are scams, but some are half bake and do not have a clear intention with the project. Its just created just for trading to take profit in my opinion. There are good projects too, like the Ethereum platform for example, but with the Ethereum tokens, there are also many projects that failed don't have any value at all. The flood gates are opened but I have this can be regulated soon.

+2 merits for the author for his valid and realistic concerns

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[b3j0]

when the market is in bad condition some time ago I decided to temporary stop in ico, I think the risk is too big at that time.

[TN0904950]

Some awesome points here. I think it's fair to say not everyone who makes  project is legit. But thorough investigations is important. Before investing I always try to protect my money or investment before any profit.

I do not think Ico itself is bad but the bad is our attitude towards how this market works, no one wants to invest in the project because he believes the future of the project but only to sell profits.
Ico is good to invest if you can really make money if the projects are going to be listed in a big exchange and not on etherdelta and hitbtc the most common is throw away and sell out of panic.

[Cashi]

The problem is, there are way too many ICOs, so all the money is divided among them. The collected funds are very often only a bit below softcap an the result is not good at all as motivation for the ICO team. Lots of ICOs started their planning phase in December or January, when the whole crypto space was very enthusiastic. Four month ago every shitcoin reached hardcap, but now it is the other way round. Even good ICOs have problems to reach softcap. This will be an issue if you started by thinking you could reach hardcap easily but in the end only almost the softcap is passed.

But there are positive aspects too: maybe we get some useless shitcoins away, the amount of them is quite impressive and it would be a good thing if the bitcoin dominance will profit by this.

[Bobocantik]

My point of view is not to give up all these ICO but to pick from them. If we can't find the right one then we should try more than one. I think then one of them would be fruitful. I think ICO is one of the next big technological advancement. We simply can't keep us away from it, we shouldn't.

[marlo1001]

I agree with your statement above that the number of ICOs is getting higher and higher but they all stop operating whenever they are done with the sales.

[oxygensignatureR]

All the reasons are vague for a genuine ICO and will be your greatest mistake if you quit it.

[nabinkhadka]

I definitely agree with your points but quitting is not the solution. we all know there will be fanstastic projects  e.g. wanchain , ICX , vechain like them in near future. One thing i realized was people tend to be  active in bull market and loose hope at go inactive in bear market so they miss the good opportunity. Stay focused.

[CryptoMoar]

In my opinion. if you want to follow ico or investment in ico then choose a coin that is really reliable, corporate identity is clear and have good management level. so that ico to be released really has a high selling value when it entered the actual coin market.

[chickenfried12]

Yes, some of the ICOs have gone horribly bad Developed unexpected future Unplanned investment is really worthless as investing in it is really trashy but here you see it so open in the market that everything is a formulation and there are people trying to make money from it as well as you see here

[Amevalentine]

many may be the reason why you quit from ico. ranging from because you lose a lot in ico and also maybe you just do not believe in ico anymore. it could happen

[South Park]

ICO will again shoot at X10 + once bitcoin again will be $ 20,000 and go top. And in general, 60% of ICO failure and fraud.

Some icos have the chance to do that, to grow immensely in value as bitcoin begins to grow, but you must remember that most icos failed already, and I think that with the new regulations that are coming to icos many people are afraid to invest in them and are preparing to invest in coins that are already established and that have a good development team that we know it's not going to disappear overnight.

[tamarindbleu]

many may be the reason why you quit from ico. ranging from because you lose a lot in ico and also maybe you just do not believe in ico anymore. it could happen

Quitting in ICO is really okay if you are loosing a lot of money, and we all know that investing in ICO have a high risk, but there is no doubt that if we can find a good ico we really earn a big profit so my advice you can still invest in ICO but just only invest with great ICO.

[Wagako]

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.

I think that person is not that kind of investor like you that's why he/she want to quit ICO . Well it's not bad when you want to quit investing with ICO maybe you lost a lot that's why but you need to be aware that investing with ICO needs you to become wise. Just like what you did you have the strategy that's why you gained profit.

[aeternus]

most is sold in pre-sale to big investors, leaving scraps for crowdsale

Are you sure? Most ICO's I've seen are normally bought by big BTC/ETH holders, which are not necessarily investors...

If they are buying into the ico, how it is possible that they are not investors? How do you define investors? Anyone that invest in an ico no matter how big or how small is that investment becomes an investor, but now most icos are creating a presale of tokens in which only those that have a lot the money are admitted which is a shame because that leaves many people out without the possibility of investing at those preferential prices.

[Daimon88]

Some ICO's once recorded in the trades the group don't effectively improve their venture. Contributing an ICO's are not productive nowadays such a large number of cheats after they collected colossal cash. Just couple of I can state great and consistent with their words since they take after their guide and guarantee to exercise the venture.

These ICOs have already dominated the bad name with bitcoins. The wavelength of scam and fraud in this ICO investment is now resonating with nothing. People are losing interest in this category because of no final or genuine response from them. That is why these projects are now being banned in some countries and they should be, or a proper structured system should be established.

[ryzaadit]

Some ICO's once recorded in the trades the group don't effectively improve their venture. Contributing an ICO's are not productive nowadays such a large number of cheats after they collected colossal cash. Just couple of I can state great and consistent with their words since they take after their guide and guarantee to exercise the venture.

These ICOs have already dominated the bad name with bitcoins. The wavelength of scam and fraud in this ICO investment is now resonating with nothing. People are losing interest in this category because of no final or genuine response from them. That is why these projects are now being banned in some countries and they should be, or a proper structured system should be established.

Yeah, we know that ICO has some chance 70% fail project, That's why you need some research about the project and others think. Don't invest with money you cant afford to lose, Before making some investment ICO have already some agreement.

[marlo1001]

Even though there are so many ICO projects that can be characterized as bad, unsuccessful ones or they lack the idea and promising development team that will not bring ICO to the end of its existance just yet. It is way too popular to distinguish completely now.

[Dimas99]

there are many reasons someone goes out or quits the investment of cryptocurrency. including the reasons for their lack of capital and also too long to lose money in cryptocurrency

[jpnl0003]

I believe any reasonable person would agree not everyone that venture into it genuine. In any case, exhaustive examinations is critical. You made some amazing points there thank.