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Author Topic: ICOs as BTC endless Perpetuum mobile:  (Read 261 times)
XbladeX (OP)
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April 21, 2017, 07:34:17 AM
 #1

So we have so many ICOs that I have even follow them.
Many of those ICOs looks like run for your bucks.
In real life 1/10 startup survive 1year then 1/10 will survive next 5 years.
People here throw money blindly everything what has blockchain in name is TOP.
One of most stupidest ideas: Humaniq, Matchpool.

Now best part if people invest like 5000 BTC in ICO they think that after ICO token is worth 5000 BTC.
So in reality 5000+5000 = 10 000 BTC  // REALLY ?
In reality Devs are living from these invested BTC for long time throwing away many of those funds.
And people are wondering WHY price drops below ICO same time token has not deliver anything so should be worth whole ZERO 0 BTC .
And all ICO tokens value starts from 0 not from ICO price.
People have no idea if ICO money will be used to develop or just for buying new house like JWL DEV did Cheesy .

So guys if you invest in ICO be aware that 1/100 will be alive in few years so :
1)   Dump with profit
2)   If you think “I am long time holder” – in 90% you will lose whole money ( I can show you countless of ICOs from BTS to scams like Opair )

If you don’t invest you won’t earn but slowly we are going into area when all new ICOs will be traps where 50% of ICO BTC will be funders BTC and they will dump that 50% ASAP on you
Hoping that bounties dumping while they are DEVs dumping they own stock.

Beaware now about RISING RISK people.

PS: For me only good ICO is escrow with detailed milestones rest is piece of shit. !!!

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MirkoIta
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April 21, 2017, 08:07:49 AM
 #2

So we have so many ICOs that I have even follow them.
Many of those ICOs looks like run for your bucks.
In real life 1/10 startup survive 1year then 1/10 will survive next 5 years.
People here throw money blindly everything what has blockchain in name is TOP.
One of most stupidest ideas: Humaniq, Matchpool.

Now best part if people invest like 5000 BTC in ICO they think that after ICO token is worth 5000 BTC.
So in reality 5000+5000 = 10 000 BTC  // REALLY ?
In reality Devs are living from these invested BTC for long time throwing away many of those funds.
And people are wondering WHY price drops below ICO same time token has not deliver anything so should be worth whole ZERO 0 BTC .
And all ICO tokens value starts from 0 not from ICO price.
People have no idea if ICO money will be used to develop or just for buying new house like JWL DEV did Cheesy .

So guys if you invest in ICO be aware that 1/100 will be alive in few years so :
1)   Dump with profit
2)   If you think “I am long time holder” – in 90% you will lose whole money ( I can show you countless of ICOs from BTS to scams like Opair )

If you don’t invest you won’t earn but slowly we are going into area when all new ICOs will be traps where 50% of ICO BTC will be funders BTC and they will dump that 50% ASAP on you
Hoping that bounties dumping while they are DEVs dumping they own stock.

Beaware now about RISING RISK people.

PS: For me only good ICO is escrow with detailed milestones rest is piece of shit. !!!


I totally agree with you except for the PS: it should be "the only good ICO is a non ICO" because if someone's project is so useful and awesome the development will receive interest and funds AFTER it is out in the wild.

Everyone thinking to "invest" in an ICO should read this writing I saw some time ago and nicely explain what's going on with all those ICOs.Anyway I think something like 90% of them are made by the same group of scammers in this forum. Same as the endless number of ponzi schemes in the "Investor based games" section.  Roll Eyes

https://decentralize.today/how-to-make-100-000-s-a-month-with-bitcoin-8da1426e9a

ARE YOU LOOKING FOR AN ENGLISH TO ITALIAN TRANSLATOR? HIRE ME ON https://fivebucks.com/users/MirkoItalia            
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vultas
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February 23, 2018, 02:19:42 PM
 #3

You are right https://news.bitcoin.com/46-last-years-icos-failed-already/.
But does that scare the investors from ICO's that are legit and strong like lympo.io  ?
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