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Author Topic: There are too many ICO, why?  (Read 3065 times)
Alohadanc3
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November 03, 2018, 01:16:36 PM
 #401

Yeah, the number of ico is increasing day by day. And yes that's a problem for investors and also for other promising icos. Last year ico market was really good and many people were investing and get some good profit. But suddenly market crash and many icos scammed people. So investors are a little bit afraid of invest their money in icos. And one hand the number of icos increasing so yeah it's hard to choose icos these days. The money is divide between those icos. So we see a problem now that many promising icos can't reach the hardcap.

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November 03, 2018, 01:20:56 PM
 #402

That is where the money is plus the no rules no regulation policy that even a teenager who knows how to program or construct ideas into whitepaper can start an ICO. This is the main problem that is why scammers are staying here in cryptocurrency space.
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November 03, 2018, 04:22:59 PM
 #403

That is where the money is plus the no rules no regulation policy that even a teenager who knows how to program or construct ideas into whitepaper can start an ICO. This is the main problem that is why scammers are staying here in cryptocurrency space.
Even though that may be an issue, I do not want to have Bitcoin or any coin fixed on regulation.

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November 03, 2018, 05:58:53 PM
 #404

A lot of ICO appeared during the HYIP around the cryptocurrency. Everyone wanted to get a profit on the background of large growth. To date, the number of new ICO decreased twice.


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November 03, 2018, 06:04:46 PM
 #405

And why did you decide that the money is not enough for all ICO? The fact is that big money has not come close to ICO yet. This is the same as now everyone is waiting for institutional investors to come to the crypto market and not to take them into account. I believe that the ICO market has not yet reached its peaks, since large investors have not yet come here. On the other hand, the more ICO the better, as competition is always needed, since competition is the engine of progress. It’s just that everyone is trying to make an ICO better than its competitors, and that means an increase in the chance to see and participate in a successful ICO.
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November 03, 2018, 06:14:26 PM
 #406

Too many scam ico's as well Sad
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November 03, 2018, 07:23:27 PM
 #407

There are so many ICOs because it's not under law. It is easy to make scam ICO and collect funds from investors. But also if project have a pretty good idea, they can easily find investments.
In traditional economy it's too hard to find money.
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November 03, 2018, 08:07:32 PM
 #408

Most people want to make quick money, and ico is perfect as a start-up and people who are engaged in a Scam on the market of course more scams than good projects, but if you know how to choose you can earn!

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November 03, 2018, 08:14:42 PM
 #409

Because it is profitable, as simple as that, even if an ICOs is not successful, can produce an excellent profit for their creators, and if they are successful, the profit can be even greater, so you see so many unusable ICOs at every moment, because no matter if they didn't get enough money for the roadmap, a couple of whales investing money there is more than enough for it to be worth the effort.


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November 03, 2018, 08:22:02 PM
 #410

This is a great opportunity for fraudsters ... they are almost guaranteed to avoid punishment for their actions.
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November 03, 2018, 08:22:57 PM
 #411

 Cool Cool Cool That´s because, mostly of the ICOs has created just to raise money, that´s why 90% of the ICOs dissapear, and we know that every day born more ICOs, the only way to know which ones are good for invest is investigate each one. Cool Cool Cool
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November 03, 2018, 08:33:47 PM
 #412

Cryptocurrency is growing, and the growth rate is too fast, too many people join so the ICO starts to appear in increasing numbers. Many projects created because they want to find a profit or call for capital to develop their plan.

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November 03, 2018, 09:01:43 PM
 #413

now too much scam thats why is a lot of new ICOs, but also companies and different projects want to try to work on blockchain
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November 03, 2018, 09:12:07 PM
 #414

The answer is very simple : more than 80% of all projects are scams . Therefore, they occur every day for a few pieces. And fraudsters are very profitable, they get their bread is not particularly difficult. Be more vigilant when choosing a project
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November 03, 2018, 09:14:15 PM
 #415

ICO became very popular at the end of that year and at the beginning of it, in the market a huge number of ICO projects was created. But now the situation has sharply changed because of bad condition of the market. ICO projects became much less.
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November 03, 2018, 09:16:24 PM
 #416

in this case of course you have to know that this is part of the development of crypto which was created to be circulated with the ICO phase as a benchmark for the success of a particular project, and this is very normal.
but to be honest whether or not the developer is all back to the individual.
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November 03, 2018, 09:50:54 PM
 #417

I can not agree with you, because there are many projects that have a good idea and a team to collect hard cap. The ability to properly present your project to investors, multiplied by the professionalism of the team, works wonders.

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November 03, 2018, 09:53:42 PM
 #418

I think some ICO rode the hype wave last year but now many can't deliver. Some people are gonna lose money but the market is maturing and people are learning.
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November 03, 2018, 09:56:48 PM
 #419

That is true because it can cause a sort of diminishing funds. There are different ICOs out there that many of them offer the same usecase. Some are already existing but new ones still come out more. For example many icos came out claiming that they will offer debit ATM card but nothing comes out of it afterwards

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November 03, 2018, 10:00:31 PM
 #420

The point is that everyone is joining the ICO craze as it is one of the easiest ways to raise money to support a project.However,the number isnt the problem as every market ranging from stocks to cryptos is always highly competitive and so encourages the best out of projects so that people can invest in them.The problem is however blindly investing in a project which may be a scam.so it is imperative people do enough due diligence before investing in any project.It is also a fact that most of these projects are nice on whitepaper but will fail along the line a major reason why investors should be extracareful.
It is because they are all eager to learned and earned at the same time. The process of letting out the porject grow by the power of taking all the strategies of the team. That would be the best and for sure many opportunities will come along because they have discover something new.
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