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Author Topic: Do not invest in ICO anymore. Do not Feed scammers  (Read 476 times)
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October 09, 2018, 08:15:19 PM
 #1

ICO era is gone! Stop feeding serial scammers. Stop funding these cash grab nonexistent projects.
The World Do not need new tokens at all. We got enough shitcoin for next 100 years.

Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!

ICOs should just get funded from VCs and do an airdrop to community.

Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.

Im 3 years in this field and strictly advice you do not invest in any ico at all.

What Do you think guys ?
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October 09, 2018, 08:28:51 PM
 #2

You don't right. There are projects that have developed (already) products but they need funds to speed up marketing.

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October 09, 2018, 08:39:30 PM
 #3

You don't right. There are projects that have developed (already) products but they need funds to speed up marketing.
So they should just get funded by VCs, Why do they need tokens & billions of USD?  Even 1 million $ is enough for every single project!
How much was the Whole ethereum project hardcap ?
ICOs cannot keep robbing people with white papers. 99% of icos scamming people! For example Recently GoNetwork basically did that. Raise 50 million and now have market cap of 3 million. And they have absolutely nothing to show for it.

Just check out recent icos performance. All below Ico price!

https://i.imgur.com/BA4mYaw.jpg

pic credit : icodrops.com/
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October 09, 2018, 08:43:50 PM
 #4

Well maybe a lot of ICOs are scam but still there is some worthful I guess. It just can't be that all of the ICOs are scam. And yes, some developers need funds. It's like crowdfunding, but it's crypto crowdfunding. Invest on your own risk.

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October 09, 2018, 08:44:10 PM
 #5

You don't right. There are projects that have developed (already) products but they need funds to speed up marketing.
So they should just get funded by VCs, Why do they need tokens & billions of USD?  Even 1 million $ is enough for every single project!
How much was the Whole ethereum project hardcap ?
ICOs cannot keep robbing people with white papers. 99% of icos scamming people! For example Recently GoNetwork basically did that. Raise 50 million and now have market cap of 3 million. And they have absolutely nothing to show for it.
I know what you feel man and that's the sad truth on whats currently happening on ICO investments as of now. People are blinded with their greed and still hoping and believing on easy rich scheme where
they are targeting out 10-100x Ico investments returns and that's the main reason why but if we do compare on the investment activity it becomes more lesser due to current market condition and sooner or later even legit projects will really be affected.

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October 09, 2018, 08:45:55 PM
 #6

Not every ICO is a scammer, though it is sad to say that the majority of them are suspicious to some extent.

It is usually quite simple to tell the true gems apart from the scammers, usually, the stronger projects have a technical whitepaper and some big names on board with their development team.

Advisors are glorified influencers and partners are usually nothing more than paid agreements.

Keep on your toes and you will still be able to invest in some good ones.
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October 09, 2018, 08:48:07 PM
 #7

ICO era is gone! Stop feeding serial scammers. Stop funding these cash grab nonexistent projects.
The World Do not need new tokens at all. We got enough shitcoin for next 100 years.

Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!

ICOs should just get funded from VCs and do an airdrop to community.

Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.


What Do you think guys ?
You made some valid points. But I still feel we should give ICOs a chance. They are still the major means by which the new token projects get fund for further development and listing on exchanges.

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October 09, 2018, 08:49:24 PM
 #8

I think that you should invest in ICO only if you check and understand that it is reputable. To my mind, the best way to earn money is to invest in good coins like btc and ether. I think that ICO projects aren't always safe

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October 09, 2018, 08:56:35 PM
 #9

This would have been the case and everything will be better, but this cant be the case because a lot of new innovations are coming up and will always find a way to conduct ICO

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October 09, 2018, 09:02:19 PM
 #10

I think that ICO is a good way to earn if you know that ICO is a reputable project. I think that you should check if the project isn't a scam. there are a lot of projects which are good but not all of them

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October 09, 2018, 09:10:58 PM
 #11

I think some of your points are good but we shouldnt term all ICO as scam. Although right now a project I highly regarded is gradually turning into one of those they are all the same story. Most of the ICOs just want to grab money and go back to relax and live their dream lives and leave investors with shitcoins.

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October 09, 2018, 09:17:03 PM
 #12

it sad but true 90% of ICO is scam.

but im belive in 10% maybe they can make something happen in this world.

in 10% project maybe we will see next facebook , next google , next ETC.  to make this world better like internet era.

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October 09, 2018, 09:19:47 PM
 #13

I think the era of ICOs just getting started. Sure, everything calmed down a bit from the winter of 2017 and 2018 has been mostly "trying to gather funds in bear market" situation, but I guess that could only be a positive thing. Projects that were quality-based, gathered their soft caps (even hard caps) and are now in development stage. Those who had bad ideas (also scams) didn't even meet their soft caps.

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October 09, 2018, 09:30:28 PM
 #14

Apparently, in the near future, the ICO "shareholders" will evaluate the projects more meticulously and pay attention to the same points that ordinary investors take into account when buying real shares, in particular, the reputation of the company. It is almost impossible to evaluate most of the products that currently exist in the form of ideas, which means that they will prefer those who collect money for the completion of an already existing product.

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October 09, 2018, 11:08:29 PM
 #15

If no one invest in ICO, who would then? ICOs are just like fuel in the crypto space. They are the ones giving crypto more popularity and withspread dissemination of info.
I think you have not done a genuine project that would that would make one to be astonished by their activities.

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October 09, 2018, 11:16:24 PM
 #16

At least if we believe with the project, just wait in market and buy it. When in market, all price is depends from traders, even if profit is not big as investor from the project, at least we can get what we look for, profit.

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October 09, 2018, 11:27:25 PM
 #17

You don't right. There are projects that have developed (already) products but they need funds to speed up marketing.
So they should just get funded by VCs, Why do they need tokens & billions of USD?  Even 1 million $ is enough for every single project!
How much was the Whole ethereum project hardcap ?
ICOs cannot keep robbing people with white papers. 99% of icos scamming people! For example Recently GoNetwork basically did that. Raise 50 million and now have market cap of 3 million. And they have absolutely nothing to show for it.

Just check out recent icos performance. All below Ico price!



pic credit : icodrops.com/
The majority of them are so greedy and they don't even care to create a support to their market. basically in this bearish market and it will be more difficult to encourage the demand. As far as i know about they are traded above the ico price at the early stage but i would not try to expect a lot from them all dude. some icos that raised more than 50k ether doesn't wanna support their own market.


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October 09, 2018, 11:40:45 PM
 #18

Scammers are everywhere, although you provide other ways to promote a project (without ICO), they will be there. For me, the point is you should be smarter and more selective to choose ICO. Let ICOs run normally, but investors and bounty hunters or another part related to ICO must know a real ICO or the fake one. Why don't we think about this: (1.) Provide more strict regulation in ICO registry (2.) The team members of ICO needs to apply the process with KYC. Note: If it is possible to be implemented, at least it can minimize the fake people.    

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October 09, 2018, 11:45:25 PM
 #19

ICO era is gone! Stop feeding serial scammers. Stop funding these cash grab nonexistent projects.
The World Do not need new tokens at all. We got enough shitcoin for next 100 years.

Well if there are a real project (With trustworthy Team) which is really willing to distirbute Their tokens! There are Many ways Without Doing ICO!

ICOs should just get funded from VCs and do an airdrop to community.

Most ico can be done open source on github for free.. the greed in creating all of these project is stifling growth. A lot of innovation come from free open source project from passionate developers.

Im 3 years in this field and strictly advice you do not invest in any ico at all.

What Do you think guys ?

I dont think so.
It is not over yet.
There are still projects with unique kind of features. Yeah I am seeing a repeated kind of project but there may be a genius that will suddenly rise and would need the ICO for his project to be funded.
As log as we pick the right ones then the scams will stop.

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October 10, 2018, 12:34:50 AM
 #20

Undoubtedly, it seems that from the beginning the ICOs were the ideal business scheme that many fraudsters had always dreamed of, given the great euphoria that the issue of cryptocurrencies was unleashing and the little regulation that existed in these investment schemes. However, time has been in charge of unmasking the great weaknesses of the ICOs, and I personally see no motivation to continue investing in a product often nonexistent, whose chances of generating great benefits has been gradually decreasing to become an ideal way to throw our money away.

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