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Author Topic: This is why the ICO & bounty era is almost over  (Read 463 times)
BADBITCH
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April 10, 2018, 07:50:28 PM
 #21

I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.


Im not sure what is wrong, but to tackle fake icos and all the issues you stated above, thats why there are regulations regarding icos lately, 
did you participate in some fraud tokens ? or fraud bounties ?
dont give up, don't be let down.
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cryptorushfirst
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April 10, 2018, 07:51:26 PM
 #22

You are kidding now?)) i think ICO project for now hes power it's like 10%. Imagine if hes power will be 100%? I think for now a lot of people in the world dont know nothing about Crypto.
erichall
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April 10, 2018, 07:51:34 PM
 #23

I've noticed quite some changes in ICOs and bounties:

- The whole market is flooded with BS projects
- There are way too many ICOs
- Teams are often fake
- Telegram groups of 25k people don't mean a thing
- Hardcaps aren't reached anymore.  Remember a few months ago when some ico's were sold out in minutes?  When does that still happen?  It doesn't... the contrary is happening: icos last for months and months
- Bounties: they sell them by their hardcap number at the price of the last stage.  For example: 4 million USD bounty!  That is IF all 400.000.000 tokens are sold AND you could sell them at the last price of 0.1$ which you never will.
- Bounties/caps are often calculated in eth and for some reason ico-people still think 1 eth is 1000$.  Wake up and smell the news!  1 eth is less than half of that!
- Nobody is buying tokens anymore
- They lie about how many tokens are sold
- Private investors... don't make me laugh.  There are no private investors....  If there were, they would be bragging about which ones which they don't.  ALL lies and more lies.

Definitely agree with this. And it's a good thing. We need a purge of the JUNK in this market. There are too many worthless tokens being thrown around. Time for them to finally die out.
pey
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April 10, 2018, 07:52:03 PM
 #24

This is really good for the market, I think we have very enough amount of projects now. But people cannot realize that this $250B market cap built by lots of trash ICOs will not be sustainable while lots of projects crashing.

DanielRR1997
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April 10, 2018, 07:53:56 PM
 #25

ICOs will never end because most of them accept the option to pay with cryptocurrencies like Bitcoin, and is almost impossible to stop people from transferring bitcoin to any investment they want. But of course the ICO's will lose strength because countries are prohibiting their citizens to invest in ICO, or at least deeming they illegal, so they could not count on the legal system if things goes wrong. Of course the legit projects always will find a way to rise their funds and thrive no matter what.
chennappa121
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April 10, 2018, 07:58:28 PM
 #26

Yes you are right now days we are getting more and more ico back to back but investors don't now with one is light or scam because some light icos was gone with scam so investors are not coming to invest in ico now days so ppl are waiting to invest in trusted icos.

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BitcoinGirl.Club
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April 10, 2018, 07:58:31 PM
 #27

it's a good eye opener but what we need now is some form of regulatory body that will give some of regulation to new projects and maybe an introduction of digital badges to show the ICO project is authorised to run unlike what we seeing were anybody with the knowledge of creating a smart contract and some money can run their own ico project.

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singpolyma
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April 10, 2018, 08:17:13 PM
 #28

Everything is quite gloomy but not so much, because of the large number of scams, many investors left the market, but not to say that this is totally happening.
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April 10, 2018, 08:19:17 PM
 #29

I do not agree with most of the points, there are both genuine and fake projects available as icos, so its our own duty to analyze critically each project before investing, high quality projects are still coming and it will continue and keep growing for few more years.

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cryptonero
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April 10, 2018, 08:24:27 PM
 #30

Because most of these new ICOs are just created to raise funds and eventually going to runaway from the investors and hutners ,which is why these ICOs are slowly fading away,we shouldnt be trusting these website reviews,or even these good reviews from the people because even those legit projects can turn into scam if they wanted to,researching isnt enough if these people are professional scammers.

Lernerz
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April 10, 2018, 08:26:55 PM
 #31

In my opinion, the ICO market will decline. To attract investment in classical start-ups, it is sufficient to invest venture funds. In ICO on 100 projects, only 1 is real. We see that ICO is conducted according to patterns. There are even typical legends. In addition, the classical ICO does not motivate entrepreneurs to issue a real product
GreenPowerRanger
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April 10, 2018, 08:35:31 PM
 #32

Actually since the corrections is going on, the market for Initial coin offerings does not run very well. So yeah thats true, the most initial coin offerings has issues to reach their softcap. And even when the softcap is reached, they extend the time of the ico to earn more money. So like signals ico. They should end yesterday, but now they extended to the end of april. So you see at the time people are not really interested to invest. But im sure when the bullmarket returns, it will look completly different, and the people who invested in the ico in this time will make good profit too!
Jonsnowstark
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April 10, 2018, 08:45:53 PM
 #33

You cannot say its over. The whole market is in red. All other coins are bleeding. Yes i would probably agree that there are some icos launched with a project design thats really going nowhere. Maybe some developers are just in it for the money or hurrying it up with lack of research and foundation that's why many tend to fail.but there are also some projects that are really worthwhile but just lacks enough advertisements to survive

david0ikari
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April 10, 2018, 08:48:16 PM
 #34

This is a little bit fast reaction. Due to the market bear and the high volatility. Investor are stepping away of ICO because, we have a huge amount every month. Most of them are really poor in quality, and also everytime a new project came on the market straight away after the ICO, we saw huge dump, price divided by two. This is not over but a change is going to appear.
matsusomoto
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April 10, 2018, 08:51:49 PM
 #35

I thought the same,less ICOs are getting successfully initiated and most of these softcapped ICOs are failing to its development which is why most of the investors doesnt want to risk their money anymore,because of these scam projects which is raising funds.Running away from investors most of the time after they got the millions of investments will eventually kill the ICOs.

Crypto__Men
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April 10, 2018, 08:53:37 PM
 #36

Okay, well, then delete your signature, sell your account, and go work at McDonald's, where you're waiting.
You are a humorist. I liked your answer. He really is not clear what created the subject, which is the pessimist. ICO and bounty will live a very long time, the course has fallen but it will rise, still only begins
ABL Ecosystem
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April 10, 2018, 08:55:04 PM
 #37

The fake telegram groups are for sure real.  How can you organically create a telegram channel with 25k people in a week? Makes no sense.
bandar (OP)
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April 10, 2018, 08:56:16 PM
 #38


very unfair and unrealistic assessment of market forces. You need to understand first of all that it's very hard to invest in crypto currencies with fiat right now. Every day press and politicians are spreading FUD, tax liabilities, scam accusations, all fake news and false propaganda to prolong the eclipsed system of banking and fiat money.

Investors are naturally afraid because of legal repercussions in many parts of the modern world reaching totalitarian levels. IRS, SEC, outright bans in many other countries etc.

So there are extremely good ICO projects in 2018, but people are scared and deliberately deterred from investing. Free enterprise always finds a way to flourish, so don't worry, it's just a temporary hiatus as more and more intellectual people understand that the mainstream "politically correct" establishment has become the enemy of the free people.

I partially agree.  For the record: I LOVE the way you can invest in ICO's.  I think it's the way of investing of the future. Period.  But you simply can not deny the fact that there are A LOT of scams out there.  It's not just some fake news spread by scared banksters who see their world/power crumbling down.  That's just not true.

I invested in a lot of ico's last summer.  Most of them made profits, sometimes huge profits.  When the market turned red, I stopped investing money and started investing time.  I turned to bounty hunting (mostly translation jobs, some sig).  By doing that I read a lot of WP, did a lot of research of teams and websites and then it started to occur to me that there are A LOT of fake teams, fake linkedins, vaporware products that only consist of marketing.  

I always wonder: how is it possible that if they present you a team of so called experts with years of relevant experience in IT, financial industry, marketing, etc that in most cases these people are nowhere to be found prior to the ico?  You google them: nothing, you search for their pictures: nothing, you google the companies they so called worked for: you can't find them (you can find the companies but you can't find evidence that they worked there).  There are only a few ico's that I participated in (with a bounty) that were 100% transparant, where you could actually find the people aboard.  Neufund was one of them.  Most of the times those icos are the ones with hardly any bonuses, no pre-sales, no months long ico's, no facebook and telegram lemmings who try to shill a product and team they don't know.
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April 10, 2018, 09:00:50 PM
 #39

I don't think so. Legitimate projects will still continue to participate in ICOs to get funding for their projects. Regulations will surely come as too many scams are ripping people of and that is actually a good news as we can find better ICOs without browsing for too much scam.

bandar (OP)
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April 10, 2018, 09:01:55 PM
 #40

Okay, well, then delete your signature, sell your account, and go work at McDonald's, where you're waiting.
You are a humorist. I liked your answer. He really is not clear what created the subject, which is the pessimist. ICO and bounty will live a very long time, the course has fallen but it will rise, still only begins

Dude, have you actually read what I've said.  I'm not some noob posting whatever comes up in my mind based on 2 months experience with crypto.  I'm in this game for a long time, have read more WP than most of you ever will, have been in contact with ico-teams and saw a lot of 'funny' things happening, have seen an undeniable evolution in ico's that a lot of early investors of crypto have noticed too.  So don't try to summarize what I'm trying to say by generalising some feeling/hope that 'the course has fallen but it will rise' because for most ico's it won't for the reasons I have mentioned thoroughly.  I have witnessed about 7-8 ico's closely that were scams (luckily I haven't lost money on them as a whole)  and I can see that their number is increasing day by day.
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