Why I am quitting ICO's

[paparexon0414]

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

[1714183540]

1714183540

[1714183540]

1714183540

[1714183540]

1714183540

[pellor mas]

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.

[ufalo3]

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.

[valentine401]

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.

[7Dyoknga5]

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'

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)

[Noctis Connor]

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.

[coingrowth]

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

[BitcoinMarketer39]

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.

[walleconomy]

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.

[lekegami]

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.

[frerejaak]

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

[ivrytwr4]

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..........

[SinisterS]

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.

[ico_researcher]

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.

[soltantgris]

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.

[rommelo24]

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.

[no0dlepunk]

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.

[bowals]

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

[The Sceptical Chymist]

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.

[soltantgris]

 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