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Author Topic: A good ICO is also a Scam.  (Read 470 times)
Gozie51
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May 21, 2018, 05:07:44 AM
 #41

I began to notice that there are ICO projects that are quite good, but even they are a kind of Scam. I'll explain why I think so. First, people invest in this project at the most favorable (low) prices by buying tokens of this project, at least we are always convinced of this. But when it comes to the exit of the token to the Exchange - the price drops sharply and falls even below the original cost for one token. In some cases, it may fall 10 to 15 times. For example, the recent ICO project KickCity. The price of their token should be equal to 0.10$. Now the price for ONE KCY token is approximately$ 0.005, that is, the price fell when entering the exchange 15 times and this is not the only case. Investing in ICO ceases to be a profitable business.
What do you think about it?

You are not wrong about your observations.

However, for the good icos, the cause of fallen price is because of dumping especially from those who got it for free either through bounty campaigns or airdrop. So they just go to the market and drop their own share. This even distablize the developers and team too from there focus and white paper.

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May 21, 2018, 05:08:38 AM
 #42

That's normal when hitting the exchanges normally the price will drop at first but when they began to develop their project the price will began to rise. scammed ICOs are not even listed on exchanges.

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May 21, 2018, 05:18:17 AM
 #43

I began to notice that there are ICO projects that are quite good, but even they are a kind of Scam. I'll explain why I think so. First, people invest in this project at the most favorable (low) prices by buying tokens of this project, at least we are always convinced of this. But when it comes to the exit of the token to the Exchange - the price drops sharply and falls even below the original cost for one token. In some cases, it may fall 10 to 15 times. For example, the recent ICO project KickCity. The price of their token should be equal to 0.10$. Now the price for ONE KCY token is approximately$ 0.005, that is, the price fell when entering the exchange 15 times and this is not the only case. Investing in ICO ceases to be a profitable business.
What do you think about it?
I think that you are mistaken for the account of the fact that the ICO ceases to be a profitable business. So many projects are losing price, but really good projects are only expensive
this is the risk that must be faced by the investor, anything can happen can be profitable and can lose. in the price situation down investors should be smart in managing the coin in the hold and wait until the price grows. and it is unlikely that all coins will continue to rise if that's true everyone must be rich. in the ICO world, there will inevitably be growth down and up

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May 21, 2018, 05:23:18 AM
 #44

Right now, the risk of investing in ICO is very high, and we all know the loss rate of ICO this year, which prevents new investors from entering the field, without new funds to push the project, which has led to the market not going up.
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May 21, 2018, 05:31:24 AM
 #45

not always good thus ICO scam. However, many successful ICO project also. And the investor can harvest. ICO scam is a disaster, that is currently difficult to avoid. Moreover, with the number of jobs that a growing number of ICO. Automatic opportunity scam gets bigger. so we must always be careful.
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May 21, 2018, 05:37:20 AM
 #46

The price drops after getting listed on exchange doesn't mean if the ICO project is scam. Many ICO tokens always drops sharply after listed on exchange. The drops caused by airdroppers or bounty hunters who sell their token right away that lead the price to be dumped. Moreover, not of all ICO price drops after listed on exchange (For example : Wanchain and Pundi X). Don't only follow the price but also the project's development.
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May 21, 2018, 10:00:08 AM
 #47

So, I see that opinions are divided. I though gave an example on such an ICO project as KickCity, but I do not think that this is some very good project - it is rather from the category of ordinary ones. I can tell you what projects I really think are good, but the problem is that the price of most projects just falls when they are listed. I do not think that such a strong influence is exerted by the participants of the bounty companies, as in 99 percent of cases, they receive no more than 2 percent of the total amount collected during the ICO.

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May 21, 2018, 10:02:26 AM
 #48

The price drops after getting listed on exchange doesn't mean if the ICO project is scam. Many ICO tokens always drops sharply after listed on exchange. The drops caused by airdroppers or bounty hunters who sell their token right away that lead the price to be dumped. Moreover, not of all ICO price drops after listed on exchange (For example : Wanchain and Pundi X). Don't only follow the price but also the project's development.
I agree with you that Pundi X is a good project. As for the fact that all projects fall in price after the appearance of their coins on the exchange - I think it's abnormal.

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May 21, 2018, 12:34:50 PM
 #49

I began to notice that there are ICO projects that are quite good, but even they are a kind of Scam. I'll explain why I think so. First, people invest in this project at the most favorable (low) prices by buying tokens of this project, at least we are always convinced of this. But when it comes to the exit of the token to the Exchange - the price drops sharply and falls even below the original cost for one token. In some cases, it may fall 10 to 15 times. For example, the recent ICO project KickCity. The price of their token should be equal to 0.10$. Now the price for ONE KCY token is approximately$ 0.005, that is, the price fell when entering the exchange 15 times and this is not the only case. Investing in ICO ceases to be a profitable business.
What do you think about it?

Some ICO's still worth more than their actual ICO price after a couple of month in the exchange. Mostly, the price drops due to bounty hunters or perhaps some brainless ICO investor that sells their tokens quickly.
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May 21, 2018, 01:07:39 PM
 #50

Yes, I also noticed this. Many projects sell their tokens long before ICO on various presales. At a price much lower than during sales at ICO. Therefore, after the release of tokens on the exchange, those first investors can sell their tokens cheaper than they were on ICO
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May 21, 2018, 02:26:36 PM
 #51

I have to disagree with you here because there a lot of ICOs that have actually come up with really good coins that are still going strong and doesn't look like they are stopping anytime soon. I understand that there are a lot of ICO scams now but that does not mean that there are no good ones out there who just want to bring a good coin into the market and to do well in the long run



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May 21, 2018, 06:34:48 PM
 #52

I have invested in ICOs for ages but I'm getting more and more against it in the current market. But remember even ICO such as oyster pearl (PRL) was $.06 ICO price and when it hit the market, you could pick it up a $.01 at 1 stage in mid Dec 2017. Then it maxed out at $3.75 or something around that. The team and product sometimes just need exposure, if they have the right product.
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May 21, 2018, 08:39:18 PM
 #53

everything has two sides and investing in ICO is not exception. You must accept risk and try to find out the good thing to do. Let's spend amount of money to lose and learn from mistakes. after that, you will get success

 
.BITWINUP.
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UP OR DOWN?
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.Play to earn Crypto.
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Shenzou
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May 21, 2018, 08:45:45 PM
 #54

I began to notice that there are ICO projects that are quite good, but even they are a kind of Scam. I'll explain why I think so. First, people invest in this project at the most favorable (low) prices by buying tokens of this project, at least we are always convinced of this. But when it comes to the exit of the token to the Exchange - the price drops sharply and falls even below the original cost for one token. In some cases, it may fall 10 to 15 times. For example, the recent ICO project KickCity. The price of their token should be equal to 0.10$. Now the price for ONE KCY token is approximately$ 0.005, that is, the price fell when entering the exchange 15 times and this is not the only case. Investing in ICO ceases to be a profitable business.
What do you think about it?
First what defines a good ICO, you should ask yourself that question before accusing it of being a scam, it is with no doubt that ICO has a lot of scam in it but that is the price of it becoming so popular in the last few months, people are trying to ride the wave and trick people who have no idea how to invest in these types of projects, i can ensure that a good ICO with good project a good team behind it will have a fairly good price at exchange.
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May 23, 2018, 02:17:24 PM
 #55

In a nutshell, every ico remains a scam until proven otherwise.

It all depends on the development team handling the ico and wether they are capable of developing their product and following their road map
Hassan02
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May 23, 2018, 02:22:06 PM
 #56

I began to notice that there are ICO projects that are quite good, but even they are a kind of Scam. I'll explain why I think so. First, people invest in this project at the most favorable (low) prices by buying tokens of this project, at least we are always convinced of this. But when it comes to the exit of the token to the Exchange - the price drops sharply and falls even below the original cost for one token. In some cases, it may fall 10 to 15 times. For example, the recent ICO project KickCity. The price of their token should be equal to 0.10$. Now the price for ONE KCY token is approximately$ 0.005, that is, the price fell when entering the exchange 15 times and this is not the only case. Investing in ICO ceases to be a profitable business.
What do you think about it?
i already particiapted in ICO that decrease almost -1000% after its listed in exchnage and this thing  i dont want to see when im investing . This is something for me to think to not participate again in any ICO becuase of too mucb lost i experience.
maichimoto
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May 23, 2018, 03:28:58 PM
 #57

I began to notice that there are ICO projects that are quite good, but even they are a kind of Scam. I'll explain why I think so. First, people invest in this project at the most favorable (low) prices by buying tokens of this project, at least we are always convinced of this. But when it comes to the exit of the token to the Exchange - the price drops sharply and falls even below the original cost for one token. In some cases, it may fall 10 to 15 times. For example, the recent ICO project KickCity. The price of their token should be equal to 0.10$. Now the price for ONE KCY token is approximately$ 0.005, that is, the price fell when entering the exchange 15 times and this is not the only case. Investing in ICO ceases to be a profitable business.
What do you think about it?

you are abusing the word scam. Scam means that something is not genuine, the intention of the founders is to deceive people. What you're mentioning is market decision on post ICO prices, there is no way for team to legally control that.
dogetalk
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May 31, 2018, 04:40:43 PM
 #58

Never read such a garbage like OP  Cheesy

How can a good project be a scam?! Please self-reflect your words, OP, that makes absolutely no sense. If you do your research carefully you'll find some good ICOs that are definitely no scam. But if you invest in rubbish ICOs, don't cry it's a scam and prejuge all ICOs as a scam. You are responsible for yourself in crypto.
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June 01, 2018, 10:28:52 AM
 #59

I have to disagree with you on this one, when you find a good ICO it is like finding a gold mine, there is so much money that you can end up making from it. With a good ICO you can be sure that the coins that they are offering will last for years to come which means that you would still be making profit from it, in this age of scam ICOs, finding a good ICO is the best thing that can happen to a crypto investor
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June 01, 2018, 01:24:57 PM
 #60

sometimes the price is really need a long time to go higher from the ICO price mate
this just a normal price movement in the market
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