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Author Topic: A good ICO is also a Scam.  (Read 480 times)
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May 20, 2018, 10:44:42 PM
 #21

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 20, 2018, 10:47:55 PM
 #22

No! You are wrong with your interpretation. Good ICO will become successful because it is good in the first place. I consider a good ICO as having a great developers and promising project. By that, we can consider that good ICO is not scam. Specially, if we can see the progress of an ICO. If we want not to be scammed here, we should not invest out money. Cryptocurrency is a risky investment, if you want to earn, you should risk your asset.
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May 20, 2018, 10:49:26 PM
 #23

Legit ICOs are hard to find these days because even the one who has good  projects seems to scam people too. This is also why you cannot blame people who decided to hold bitcoin rather than to invest in ICO. Too much ICO exist means too much ICO that people must be aware in order to avoid scamas and not be a victim.

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May 20, 2018, 10:51:30 PM
 #24

Seems we have different definitions of 'a good ICO'. What the hell is KickCity?!!!?
The problem here is you obviously picked your ICOs the wrong way. Always remember 90% of icos are scam, you should find Real ones.
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May 20, 2018, 10:51:35 PM
 #25

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 don't think it's a scam already. Comparing the price when it hits exchange is such a terrible thing to do. Remember that the real product of the ICO is not on the exchange but on the technology it offers. Wait until the launching of the beta version of the ICO you joined and you will know that the initial price when it hits the exchange is not real but it was due to the dumpers and that are the bounty hunters and the discounted price.

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May 20, 2018, 11:01:00 PM
 #26

Not all though. Although maybe yes, some ico do start off high and when in exchanges -- low, it would eventually boom in months time. Remember the roadmap of their project? Look for key points in the map like the launch of their actual product, weeks or even months after that time would probably the best time to sell.
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May 20, 2018, 11:56:21 PM
 #27

No! You are wrong with your interpretation. Good ICO will become successful because it is good in the first place. I consider a good ICO as having a great developers and promising project. By that, we can consider that good ICO is not scam. Specially, if we can see the progress of an ICO. If we want not to be scammed here, we should not invest out money. Cryptocurrency is a risky investment, if you want to earn, you should risk your asset.
The problem is also that the concept of a forward-looking project is no longer an exception. On the market now a lot of projects and they are all promising, as well as all of them are monotonous. The last project I really liked is OnLive.

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May 20, 2018, 11:59:41 PM
 #28

I think what you mean is that when investors don’t get there way they are quick to call an ico a scam. Just childishness in cryptos, I believe
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May 21, 2018, 12:45:06 AM
 #29

I get annoyed from people calling ICOs scam. Maybe some ICOs are scam, but the most of them are legit. You have to inform yourself if an ICO is legit and if you aren't able to do this, you are blamed yourself. Just saying scam, scam, scam is nonsense!
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May 21, 2018, 01:04:03 AM
 #30

You are just an example of a failed ICO, there are many successful why you do not exemplify? In any case, if you are optimistic about this project, you need some time to wait for its value.
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May 21, 2018, 01:09:36 AM
 #31

I think you need to understand that because the increase or decrease in the price does not make it a scam. I remember the price of But connect keeps going up until they came out recently. And usually, the price takes a long time to go higher than the ICO price pair this is just the normal price movement in the market.
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May 21, 2018, 01:19:23 AM
 #32

I think you need to understand that because the increase or decrease in the price does not make it a scam. I remember the price of But connect keeps going up until they came out recently. And usually, the price takes a long time to go higher than the ICO price pair this is just the normal price movement in the market.


But not all projects will go well because many of them are fake projects so if you hold longer you may not get anything back. So you need to study the project and team behind it to hold or not.

Real projects also takes time to show the results so after the ICO if market conditions are bad then ICO token price also goes down along with other coins but if project is good then no need to worry because once project start implementing one by one features slowly prices will recover and you will get a profit in the long run. Many people including me will fail to find a good project to invest.
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May 21, 2018, 01:26:17 AM
 #33

I think maybe they are still developing the project. But some ICO is impressed to play with the price.
But I suggest you stay patient. And if you choose to invest should do research in advance so that you will not regret.

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May 21, 2018, 01:40:00 AM
 #34

Yep a good ICO can be also a scam.

Money matters so these devs are making their best to make the project at best and beautiful but we really don't know their real intentions.

I get annoyed from people calling ICOs scam. Maybe some ICOs are scam, but the most of them are legit. You have to inform yourself if an ICO is legit and if you aren't able to do this, you are blamed yourself. Just saying scam, scam, scam is nonsense!
You have to understand the point of the OP.

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May 21, 2018, 04:04:07 AM
 #35

Have you heard about shitcoins? Preferably, that KCY is one of those. There are tons of ICO's that offering their useless coins. Yes, had a value of $0.10 before, but considered useless now. If the price of KCY is stable until now around $0.005, then it disappoints the hell out of me. For some quite time, I have seen just a few ICO's that are successful. If you are still hodling some of it, you may still wait it's price to just increased 10-30% then sell them right away.
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May 21, 2018, 04:19:50 AM
 #36

There are many factor that make the price of  token below ICO price but the big factor actually is from the their team founder,  if they manage the project by professional should the price of the token will increasing , For example some Australian  Project  ICO like POWR and Lympo that consist of professional and solid team  so that why the price keep growing. Now very important  to know detail of the team founder,  because they will be key of successfully of the project.

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May 21, 2018, 04:25:16 AM
 #37

There's this ICO going on for an Australian company called BlockGrain.io  They’re aiming to automate the supply chain with Grain and later on Fruit/Vegetables/Wool. The sale has started.
You might also be interested in their BlockGrain.io bounty thread    https://blockgrain.typeform.com/to/CLUlBw
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May 21, 2018, 04:56:33 AM
 #38

Kickcity was offering a mainstream idea and that makes a lot of people are losing a lot of trust to the kickcity. Even the development progress will not help the project a lot. Investing in an innovative project will become the key to get a promising ico just like remme which offers the interesting idea to bring the majority of dapps platform to the passwordless platform. Remember so many hacked case started from the combination by the admin and password. remme try to develop a unique idea compared with kickcity and kickcity was nothing.

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HardFireMiner
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May 21, 2018, 05:02:27 AM
 #39

Without regulation, you are right, all ICO are scam! ICO without regulation is a scammy distribution model.

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Coltpython
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May 21, 2018, 05:03:41 AM
 #40

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?


This is not a scam but a dumped ico. It happens in a lot of cases. But not all icos are like this. Some icos actually do x5 or more as soon as they hit exchanges. It all depends on the demand for the tokens and the concept behind the project. Look at quarkchain for example. It's hard to see that kind of ico dip badly because there is a lot of demand for the tokens. Expect a x10 when it gets to an exchange.

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