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Author Topic: There are too many ICO, why?  (Read 3065 times)
Wicked Sick
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August 23, 2018, 03:45:51 PM
 #241

I think the reason why there are so many icos now is because people have figured out that making their own coins are not as hard as they thought that it would be. Now anyone can create a token on the ethereum network and launch their own ico hence there are so many of them and it is no surprise that most of them are scam coins anyway.

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August 23, 2018, 05:10:56 PM
 #242

Because blockchain is a new niche and very promising,it can develop many projects.Very sad that many of Proactol which already exist is Scam

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August 23, 2018, 05:15:23 PM
 #243

Some developers have really brilliant ideas, and some just want to hit the jackpot and not to develop the project although it is not a Scam ! In General, ico is beneficial to both sides if the project is good so there are a lot of them !
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August 23, 2018, 05:49:46 PM
 #244

ICO is a new trend. There is a lot of hype around the ICO right now, although most of them are scams or just very unsuccessful projects.

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LiteNight
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August 23, 2018, 11:40:09 PM
 #245

Investors do not invest in all the ICO. Why do this? Or are you talking about speculators? Investors conduct closed negotiations. I think they require documents and intellectual property rights.

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August 23, 2018, 11:42:11 PM
 #246

Every project has it own purpose and aims to solve different problems. There are many different spheres in our life where crypto can be implemented.
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August 24, 2018, 04:45:55 PM
 #247

because ICO-s are the most easy way to accumulate a lot of money (even with scams) that's why we have a lot of them
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August 24, 2018, 04:54:43 PM
 #248

a lot of them are scams and they think it's a really easy way to get a lot of money.

I'm afraid I can only agree with you. At the moment almost 90% of all ICOs are scam and that's really annoying. I can never to be 100% sure whether it is a serious ICO or once again a scam. And all this only because all the scam bags want to make more and more money. I am actually against KYC and regulation in the crypto area, but in the area of ICOs i am clearly in favour. Somehow it can't go on like this forever. Unfortunately you can also drive people out of the crypto area and that's bad for all of us.  Roll Eyes
asayoyaasa
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August 24, 2018, 04:58:05 PM
 #249

Well, Its happen right now since btc hit $20k last year. Many people are develop their idea to enter in crypto world, which is make competition on any project will be violent. Then it make scammer joined to create their ICO as well, so we will difficult to choose what the true project one.

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August 24, 2018, 05:18:55 PM
 #250

Very easy to do ico,it's easy to make money,the most comfortable means of wealth reasons such as causing too many ico.
Sissebrahima
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August 25, 2018, 10:22:04 AM
 #251

Too many ISOs begin because there is no system and regulatory bodies for both registration and conduct. Any good or scam can start an ISO project. Project developers have no fear of punishment for deception or failure.
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August 25, 2018, 12:20:14 PM
 #252

There are many people who aspire to start a business. It could be a young man or an elderly person. Capital and associates are what they need for startup projects. Calling through ICOs is a broad enough channel to attract relevant investors. So, the ICO has a lot to say on the forum. But please pay attention to the quality of the project.
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August 25, 2018, 12:24:53 PM
 #253

Well, Its happen right now since btc hit $20k last year. Many people are develop their idea to enter in crypto world, which is make competition on any project will be violent. Then it make scammer joined to create their ICO as well, so we will difficult to choose what the true project one.
It is very difficult to choose the right projects. There are many who want to call the project seriously and effectively. But there are more people who want to take advantage of the ICO for personal gain through fraudulent activity. Identifying effective ICOs requires careful consideration, insight, experience and a bit of luck.
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August 25, 2018, 12:25:03 PM
 #254

Don't invest in every single ICO. Majority of them is a scam, nothing more! Better find 3-5  potential 50-100x companies and invest in all of them for a long term.
Also you can select more projects and flip, fixing fast profit

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August 25, 2018, 12:28:55 PM
 #255

ICO is very profitable business in my view, I think about some ideas sometimes too that I would start some ICO and we talk about it a lot with my friends. But to be successful, you need something really special and I don't have anything special yet...

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August 26, 2018, 05:22:52 AM
 #256

ICO is very profitable business in my view, I think about some ideas sometimes too that I would start some ICO and we talk about it a lot with my friends. But to be successful, you need something really special and I don't have anything special yet...
I think it's because people want to make money fast and leave. So I don't really advise you to invest in that.
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August 26, 2018, 11:58:19 AM
 #257

I do not see a problem in a lot of ICO. This, on the contrary, gives the right of choice for the investor. The problem is that there are so many fraudulent projects. And this problem, if not solved, can put an end to ICO as a way of investing.
bennysax
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August 26, 2018, 12:41:53 PM
 #258

Having too many ICOs may not really be a major issue as this is very imperative for fund raising for projects.In my opinion, the major issues which I know is and has always been a problem is having too many scam ICOs out there. This should be a major concern for investors as it is painful for one to invest his or her hard earn money or time and eventually loose out completely as a result of either failed ICO or scam by a group of persons. Really painful and it becomes very important that every investors (either by bounty hunting or by using fiat) be careful and must ensure they do their due diligence before taking a bold step towards acquisition or campaigning.
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August 26, 2018, 04:24:05 PM
 #259

Because of the popularity of cryptocurrency  new crypto user has an increase. Almost everyday there is an new born ICO and you had point, it can cause failure od an ICO. In the otherside its good that crypto is becoming powerfull world wide. If the company is trying to create a good project, winning other projects. The plan should be very clear and elaborate.
UnDerDoG81
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August 26, 2018, 08:22:01 PM
 #260

of course, every company wants to get results with what they are doing. many of the ICO because too many companies that run and see the potential crypto as one great place. so the only reasonable if much ICO popping up and competition will certainly more and more.

Another thought is that ICO projects are similar to startups. Both the difference is that the traditional startup projects, they will have to have products for the project, there are business indicators, there are partners. But ICO projects usually do not have the things I just said, they only have the whitepaper and the project team. So easy to call the investment with ICO
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