Why do people have no faith in ICO's?

[BigBoy89]

I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything

There are scams everywhere. It is hard to get hour hands on good ICO. Then when finish and start trading the price is drooping. IMO people are just careful, because of the current situation.

[Usui-Kun]

Beginners tend to be scared of investing in ICOs since I do not think that they know what they are going to be up to. If they knew what they are doing, then the fright of investing would simply be a matter of how much risk are they going to take. Another case is when some people are scammed, which is really the most popular reason that people are scared.

[vrabac68]

Yes offcourse there are plenty good ICOs around and there will be more .market condition is bad and thats the only reason why everybody says that ICOs are gone but believe me everything will be fine very very soon

[automail]

In my opinion, those people felt that they are investing into something they don't know. If you think about it, those investors doesn't have a guarantee on what will happen to their money. Contract is non-existent, just web page and investors won't have anything in case the ICO run away. They are just hoping to get something more out of the its original price. That is what ICO is about and its that simple.

[superstarbtc]

people expect fast results from icos and once the ico is the listed in exchanger they start expecting the price skyrocket but it wont happen ico need time to grow and develop their platform

[fitzzz]

Many ICO projects are scam, no product and runaway with your money so many people don't believe in ICO's. But there are good ICO that has working product and still developing.

[que91]

Currently investing in ICO is no longer a trend as it was in early 2018 as most ICOs are presently not potential. I used to participate in Shivom bounty, and now the rate of cryptos is 10 times lower than the price when purchased at the time of ICO. This makes investors more cautious with ICO projects.

[realaccountakira]

I just don't get why people aren't trying to push good projects more than they are trying to shoot down everything

The poll's responses are funny. I guess it seems like a lot of people just think you're a newbie haha.

Anyway I don't think the problem is that people aren't trying to push good projects, the problem is that the reality is MAJORITY of the projects are really crap. There is no reason to push or support a project when most obviously are just money making scams designed to make the development team richer.

[number37]

Because ICOs waste a lot of money on marketing and paid ratings and reviews instead of development. And a lot of them are just a crappy scam.