Why do people have no faith in ICO's?

[pawanjain]

It's not like what you think. There are different people who think differently about investing in ICOs.
For instance some think they are all scam becuase they would have already invested in some ICOs which would have scammed them. Some think that ICOs don't generate enough profit because of theire earlier investment in some ICO would have resulted in a loss. Some think ICOs are a good way to earn huge profit in a small amount of time which is why they invest in them. So in most cases, the people who are against ICOs are becuase of their past bad incidents with ICOs.

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[cilgindansci]

ICO's image is a little bad because people think it's a fraud. This idea will change one day, but first everyone has to trust ICO.
If the number of participants increases, ICOs will succeed and nobody will be afraid of it.

[chanpinchen]

Since there are no rules and regulations to check and govern the listings of ICOs, any one with an idea regardless whether it works or marketable or not will want to have an ICO. Naturally not surprisingly more than 70% of the ICO fails and with many scams among them. It is obvious in order to instil faith and confidence in investors the crypto community has to work together to put in place some rules and checks for future ICOs.

[MoonIsBlue]

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

Most of them aren't really investable, are scams/frauds or simply don't deliver. I'm very picky with the ICOs I get into and I've got 2 on my horizon, the one in my signature and another one, Atonomi. I kind of want to have coins in my portfolio that I can hold on to for a couple of years such as:

ChainLink
Universa
Skycoin
and those two ICOs I just mentioned. For example I think the Ncash project is a good one altough very niche for high end clothing stores and what not. I don't see that stuff being put up in the more low tier clothing stores.
I also don't think it really needs a token, imo they could have found a private investor and just start knocking on the doors of these clothing stores. I'm pretty sure VC's would be interested in a concept like this. I agree they should use blockchain because of the data security though. I can be wrong but its just my opinion, so I rather invest in the platforms/infrastructure projects as they have a wider scope of implementation and usecases. Universa for example has already signed Ernst&Young for blockchain implementation for the public sector and are working on more deals, besides that Universa can host all kinds of stuff that can be tokenized such as stocks, derivates and more. I saw an ICO that had patents on 3D printing models and whatnot and I thought they had a cool idea regarding the tokens. They fundraise the amount to get started which wasn't a lot and in the case of an IPO your tokens get converted to shares in the company. I think a lot of ICOs should go a similar route. An exchange like HybridBlock trying to raise 50M and in return I get an utility token that people can use on their exchange doesn't really get my engine warm. If such an exchange is succesfull they would be raking in billions but I don't really ever get a share of that. Sure tokens going 10-20x is all a lot and very cool but you don't know when this stops. Unless I really think the token makes sense such as with Chimaera where the token features an integral part in the games and gameplay developed on their blockchain/platform I don't really care. Utility tokens are by far one of the worst investments you can make. There's a reason most top coins have their own platform and blockchain.

[ICO-Master]

Cryptos have made everyone suddenly a financial whiz.  They read a couple of tweets that sound smart, and they think they have knowledge about the market.  It is sad that people assume expertise in a field where truly few have real expertise.

[IL.Guerreiro]

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

Simply because faith is not necessary needed in every thing where the one that should play is reason. Faith is about religious concern and cryptocurrency world is not religion but financially matter.

[chocopapaya]

I don't know about others, but I have absolute faith in the ICO model.
I think it is one of the greatest developments in the crypto world.
I understand that people are suspicious because a lot of startups flat out suck, but this keeps you from seeing the truly outstanding startups that would never have been able to form if it wasn't for the ICO model.

For those that got burned by an ICO, they should be blaming themselves and no others.
And coming on to bitcointalk and screaming FUD or SCAM is behavior that will guarantee them making even more mistakes in the future.

Instead, learn from your mistakes and make more informed decisions next time.

For me personally, I have not lost yet on an ICO.
In fact, the vast majority of ICOs I have done have been huge returns.
Proportionally, the amount of time I spend researching projects is insane!
But all that time to whittle down potential ICOs has definitely been worth it.

[happyme1818]

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

People have no faith in ICO because majority of ICO are scam while others dump so hard by the dev and the value of the coin plunge and go deep. Those are experience of majority of the investors who tried and lose in ICO. But there are still good ICO that you can count on, you just have to do your own research before you invest in  ICO.

[efodix]

There are too much scam ICOs projects who want only cheap money. One more argument is too little people know about this market.

[Osarman]

Past experience.

Its probably because too many ICOs have already failed to deliver and even some have actually ran away with investors money.
Finding a good ICO is like finding a needle in a haystack.

Exactly. The phrase was well put. Its like finding a needle in a haystack. There are so many poor ICO’s nowadays that its hard for people to do research for all and find the right ICO to invest in. So, people usually invest in the existing projects with good technology rather than getting into an ICO that might prove scam. Research is at most necessary before investing in and ICO.

There were also incidents when bitconnect shut down its website and ran with the investors money. Such incidences have made people aware of ICO scams and have made them to invest in existing crypto currencies rather than taking risks in new projects.

[SamboNZ]

Most of us are already used in ico's, most of them are just scam or fraud, I've witnessed many ico's and most of it failed but i also saw some good ones and i regret on not investing on them.

[vallentvi4]

I give a few factors here:

- The guy really does not know how ICO works
- Oran is just listening from someone's failure
- The person is retired as an ICO Investor because it always fails

[redsun114]

cause many are frauds.. people need to check if they are really working in something before investing

Yes, people read to do all the background check and research before investing some significant amount into an ICO. People investing in ICO must check their whitepaper, must follow their telegram ground and twitter page to get regular updates about their work, must check their existing partnerships and whether it is legit and with well know company and must check the team that is working on development of such project and ICO. If all these are properly checked and considered, people would be able to invest in the right ICO’s rather than some scam or ponzi schemes.

[BTCappu]

most of the time the majority of ppl have no idea on what they are "investing" in so they give all the good ICO's a bad name bc now many think they are all crap coins. Do your research ppl!

Not all, but many ICO’s are just scam to rip people off. There are projects and ICO’s that are being launched, but don’t even have any utility or real world applications and are just based on theory and no technology is there. People have lost their faith because of such scam ICO’s. yes, there are also good ICO’s that have technology and potential. I would like people to do their own research before investing in and ICO and invest in them if they seem legit though one can never say exactly.

[AlexOnix]

Past experience.

Its probably because too many ICOs have already failed to deliver and even some have actually ran away with investors money.
Finding a good ICO is like finding a needle in a haystack.

Exactly. The phrase was well put. Its like finding a needle in a haystack. There are so many poor ICO’s nowadays that its hard for people to do research for all and find the right ICO to invest in. So, people usually invest in the existing projects with good technology rather than getting into an ICO that might prove scam. Research is at most necessary before investing in and ICO.

There were also incidents when bitconnect shut down its website and ran with the investors money. Such incidences have made people aware of ICO scams and have made them to invest in existing crypto currencies rather than taking risks in new projects.

Well, existing cryptocurrencies, it is also not an option, some are not even supported by developers but are still traded. The presence of any coin on the market does not indicate its success

[fernandoaleixo]

Because there were too many ICO's, some were fraud and others ended up being worthless, but ICO is still a thing as real companies use it to fund their product. These are known as ICO's with "security tokens" because such tokens actually worth something, people just need to give it a further research and don't trust at any white paper it is thrown at their face.
For such reason, I believe as ICO get unpopular the requisites to start one are going to increase, and in exchange, it will be quality over quantity, but as mentioned before, alt-coins also still have ICO's as a good mean to advertise, so everything is up to how they are going to face the untrust problem, in order to succeed and launch in the market, such alt-coins actually need to offer something new too.
I hope I didn't get too confused here. 

[Aum Ram]

there are too many scams now and most projects are just air, its nothing strange that most of them have a truely bad performance after hitting exchanges, why should we give our money to them?

Unfortunately it's true. People do not believe in projects, because so many projects want only one thing - to get your money, and that's all they need.

[Olga1111]

Trust - may not be fully limited for ICO projects, but there are some people who complain because of the very low price when entering the market.

[Nelly.G0211]

i think that it is becoming harder and harder to have a faith in ICOs every day. and it is very logical, because there were and there are so many scam projects, that just fool investors.. and there are so many projects that don't meet people's expectations.. so i am not blaming anyone for being devastated in ico. i am almost one of these people....

[Aleksandr_ov]

and it seems to me that the market is now being formed and stuffing mistakes, the players become experienced on the mistakes! so there is trust, but many teams are not professionals in this sector!