Legitimate9322 (OP)
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Activity: 65
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October 16, 2018, 11:27:05 PM |
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It's becoming harder for ICO's to make money. Projects with no real value & lackluster ideas are being thrown to the wolves in this market. However, this is a good thing. This allows quality projects to receive more capital from investments. Eventually, these garbage "get rich quick" styled projects will cease to exist. We will be left with the main coins in crypto (Bitcoin, Ethereum, XRP, ect) & quality projects that have a utilitarian use. Last year was the year of riches for early adopters. I watched my crypto portfolio jump 1000% within a few months. You could buy garbage ICO's and make a small fortune due to FOMO. Eventually, this structure of investments imploded, which then leads us to where we are today. The reason I am bringing all of this up, is because projects that don't serve real purposes aren't being invested in. No one wants to buy an investment that people won't ever want to use. The reason companies like Rolex can charge $30,000 a watch, is due to brand recognition & consumers willing to pay hefty prices for their watches. The watches don't require endless amounts of craftsmanship, nor do they require expensive raw materials. The final piece of the puzzle points to quality projects emerging from this sector. Eventually the funds will bleed dry and only quality projects like Omnity will exist. There has to be a real purpose behind an ICO's "project". If the project exists just to exist, then it's a pointless project that won't make an investor any money. I look for projects in this market that have utility in the real world. Something that I could see people using to better their lives. Projects like Omnity, Nauticus, Binance ect. These projects exist to serve consumers. Projects that exist as cash grabs won't go anywhere in a bear market. Projects mentioned:- https://www.omnity.io/about- https://nauticus.io/
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blockchainmarketus
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October 16, 2018, 11:29:33 PM |
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It is hard to find good ICOs now, there are many new lists of ICO in ann and bounty page. I think there should be independence verification institution to confimed that the ICOs are worth to invest. When people know that the ICO is certified they will not doubt to put their money in it.
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X-ray
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October 16, 2018, 11:43:49 PM |
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It's becoming harder for ICO's to make money. Projects with no real value & lackluster ideas are being thrown to the wolves in this market. However, this is a good thing. This allows quality projects to receive more capital from investments. Eventually, these garbage "get rich quick" styled projects will cease to exist. We will be left with the main coins in crypto (Bitcoin, Ethereum, XRP, ect) & quality projects that have a utilitarian use. Last year was the year of riches for early adopters. I watched my crypto portfolio jump 1000% within a few months. You could buy garbage ICO's and make a small fortune due to FOMO. Eventually, this structure of investments imploded, which then leads us to where we are today. The reason I am bringing all of this up, is because projects that don't serve real purposes aren't being invested in. No one wants to buy an investment that people won't ever want to use. The reason companies like Rolex can charge $30,000 a watch, is due to brand recognition & consumers willing to pay hefty prices for their watches. The watches don't require endless amounts of craftsmanship, nor do they require expensive raw materials. The final piece of the puzzle points to quality projects emerging from this sector. Eventually the funds will bleed dry and only quality projects like Omnity will exist. There has to be a real purpose behind an ICO's "project". If the project exists just to exist, then it's a pointless project that won't make an investor any money. I look for projects in this market that have utility in the real world. Something that I could see people using to better their lives. Projects like Omnity, Nauticus, Binance ect. These projects exist to serve consumers. Projects that exist as cash grabs won't go anywhere in a bear market. Projects mentioned:- https://www.omnity.io/about- https://nauticus.io/And then you have not gotten a very good source to find the best one. Based on the reliable ico rating site that used the community's choice as the main thing and then have you seen the latest ico that launched by RSK bitcoin? But i have understood about the majority of them are seeing it from the speculation rather than try to put their concern in the ico's product,
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Afiqa03
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Activity: 532
Merit: 10
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October 16, 2018, 11:44:58 PM |
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Could there be a system of problems with the ICO, perhaps in terms of new projects that must meet certain requirements to not be able to easily produce or promote which results are not real. which eventually turned investors. great hope there must be a change for the future of the world of cryptocurency for the future.
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nytrolic
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The World’s First Blockchain Core
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October 16, 2018, 11:46:40 PM |
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Now that is really hard to find good icos. Because in bear market icos are not showing themselfs. They are choosing waiting and hiding. Because people have huge hate of icos after that bear market and they need to wait for better market sentiments.
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mika1977
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October 16, 2018, 11:47:38 PM |
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You are absolutely right, there are practically no good ICO now. Most of them are scammers, you need to be very careful not to lose your money
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Adunni6758
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Activity: 420
Merit: 1
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October 16, 2018, 11:56:13 PM |
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So many ICOs this year seem to be facing so many setbacks and i am not surprised at that. This would even help to sanitize and clean the space of shitcoins that are being lunched on exchanges. I will not be surprised if next year gives us more of ICOs with good values. Investors have to work harder in researching on every ICO they intend investing in. This is very much needed, because money s being investing and to avoid any form of loss, it has to be done.
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bitmover
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Crypto Swap Exchange🈺
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October 17, 2018, 12:11:00 AM |
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Quality Ico were always hard to find. However, last year, low quality ico were making a lot of money and the whole market was in bull run, so it looked like all ico were high quality. ... But that wasn't the case..
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thinkme1st
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October 17, 2018, 12:32:03 AM |
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Quality Ico were always hard to find. However, last year, low quality ico were making a lot of money and the whole market was in bull run, so it looked like all ico were high quality. ... But that wasn't the case..
You are absolutely right. It was because of bull run that most of ICOs gave profits to the investors during Q4 last year while in these bearish conditions the only ICos which give early profits are the ones backed by investing companies ( FBG Capitals, Pantera etc ) but they buy 80-90% of the tokens in pre-sale.
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QueenW
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October 17, 2018, 12:34:47 AM |
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Exactly. Companies just do not go on ICO in such a market. then as soon as the downtrend ends, I think we will see a lot of quality projects. You just need to wait a bit.
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Pamahaw
Copper Member
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October 17, 2018, 12:41:44 AM |
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This is a sad reality that we are facing right now, this might be the reason that cryptocurrency has taken a setback. People are abusing and scamming in the name of blockchain technology. We as a community should made our move to prevent this blown out of proportion. If we can spot a scam then we should do our share on reporting it so everybody will know and stop that scam to grow.
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Lpim01
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October 17, 2018, 12:50:49 AM |
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This is a sad reality that we are facing right now, this might be the reason that cryptocurrency has taken a setback. People are abusing and scamming in the name of blockchain technology. We as a community should made our move to prevent this blown out of proportion. If we can spot a scam then we should do our share on reporting it so everybody will know and stop that scam to grow.
It such a huge work to be done early. Those people behind in any scam project couldn't be trace immediately as their identity covered all the time. Its our own search and discoveries for a scam projects, if we find them then we never participate on it. Crypto getting strong and scam project grow along with them.
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Dragonrage201
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October 17, 2018, 01:00:49 AM |
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Quality ICOs are always hard to find and take some research to do so. Start with rating sites like icodrops.com, icomarks.com for the high rated ones and dig deeper into their project and team quality.
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gefander
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October 17, 2018, 01:06:23 AM Last edit: October 17, 2018, 10:45:53 AM by gefander |
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Lol, i think it is soon will be impossible coz many problems on legal side now not for clear people! recently read that Korean platforms want to move to Singapore due to pressure from their government. And a bunch of new rules from other regulators, it seems, it's time to go underground again.
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mald1to
Jr. Member
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Activity: 115
Merit: 2
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October 17, 2018, 01:22:27 AM |
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Yes I believe that quality ICOs are becoming hard to find now because there are many other ICOs emerging in the market. Eventually will divide the investors making it hard to know where to really put your money in.
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awazieik
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October 17, 2018, 02:49:33 AM |
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It's becoming harder for ICO's to make money. Projects with no real value & lackluster ideas are being thrown to the wolves in this market. However, this is a good thing. This allows quality projects to receive more capital from investments. Eventually, these garbage "get rich quick" styled projects will cease to exist. We will be left with the main coins in crypto (Bitcoin, Ethereum, XRP, ect) & quality projects that have a utilitarian use. Last year was the year of riches for early adopters. I watched my crypto portfolio jump 1000% within a few months. You could buy garbage ICO's and make a small fortune due to FOMO. Eventually, this structure of investments imploded, which then leads us to where we are today. The reason I am bringing all of this up, is because projects that don't serve real purposes aren't being invested in. No one wants to buy an investment that people won't ever want to use. The reason companies like Rolex can charge $30,000 a watch, is due to brand recognition & consumers willing to pay hefty prices for their watches. The watches don't require endless amounts of craftsmanship, nor do they require expensive raw materials. The final piece of the puzzle points to quality projects emerging from this sector. Eventually the funds will bleed dry and only quality projects like Omnity will exist. There has to be a real purpose behind an ICO's "project". If the project exists just to exist, then it's a pointless project that won't make an investor any money. I look for projects in this market that have utility in the real world. Something that I could see people using to better their lives. Projects like Omnity, Nauticus, Binance ect. These projects exist to serve consumers. Projects that exist as cash grabs won't go anywhere in a bear market. Projects mentioned:- https://www.omnity.io/about- https://nauticus.io/You are sure right. This is a good thing for the crypto market as it shows that ICOs are indeed maturing. The days of get rich quick and investing in garbage ideas are over. People want to invest in a project that has a serious use case and can solve problems
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xonecoinlovers
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October 17, 2018, 02:56:24 AM |
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There are many scam project that also occurring, makes us even harder to filter the quality project. it also making most of the qualified investors became worried to put their investment on an ICO.
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| | | UBECOIN | | | █▀▀▀▀▀▀█ █ █▀▀▀ █ █ ▄██ █ █ ██▀ █ █ ▄▄▄█ █ █ █▀▀▀ █ █ ▄██ █ █ ██▀ █ █ ▄▄▄█ █ █▄▄▄▄▄▄█ | | | | █▀▀▀▀▀▀█ █ █▀▀▀ █ █ ▄██ █ █ ██▀ █ █ ▄▄▄█ █ █ █▀▀▀ █ █ ▄██ █ █ ██▀ █ █ ▄▄▄█ █ █▄▄▄▄▄▄█ | | | |
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indrakusumaindra
Full Member
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Activity: 728
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The Standard Protocol - Solving Inflation
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October 17, 2018, 03:35:32 AM |
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It is hard to find good ICOs now, there are many new lists of ICO in ann and bounty page. I think there should be independence verification institution to confimed that the ICOs are worth to invest. When people know that the ICO is certified they will not doubt to put their money in it.
Yes its just like people are out of idea to make a new good ICO or the regulations make it hard to make a new one, and there is also possibliity that so many ICO are waiting a good moment to launch the token sale cause right now the ICO investors seems not quiet much as much as in 2017 cause as we knew that the ROI of investments in ICO in 2018 is not quiet good.
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Black Coffee
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October 17, 2018, 03:44:10 AM |
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no one wants to buy or have something that is useless, indeed the quality of the project is the main key in ico success and slowly all ico have competed to be the winner. so now developers must work hard to make something useful and always used by everyone, this must be done if they want to continue to grow.
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vit05
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October 17, 2018, 03:46:13 AM |
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The amount of ICO in the last 6 months was very large. It is very difficult to follow a project for a long period since there are so many. Unfortunately, it is difficult to rely on reports and texts that are on the internet, since most were paid to say that. In general, I like to follow what other sector funds are doing. Mainly the Pantera, AVC and the a16. There is also the option to read reviews of people who are a long time investing in startups or articles like hackernoon. https://a16zcrypto.com/https://avc.com/https://www.panteracapital.com/
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