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Author Topic: ICOs are dead! Yeah I mean DEAD!!!!  (Read 26130 times)
cheezcarls (OP)
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January 03, 2019, 04:48:45 PM
Last edit: January 03, 2019, 07:18:36 PM by cheezcarls
Merited by reactorjuno (1)
 #1

Here's what I really don't like about ICOs and why they're dead to me:

1. "After ICO, the token's rate would be $X.XX per coin/token"

Excuse me? Really? Yeah we know the hype, right? Been there already. Most ICOs don't live up to their promise that their rate in exchanges would be that high amount. For example, there's an ICO whose token is worth $0.01 and claims that when it hits exchanges, they will be worth at least $0.20. But hell no!!! The reality is that when it hits exchanges, the rates are way below the ICO price!

So ICOs, don't make promises you can't keep, especially claiming that the amount will be huge when it hits exchanges coz' it mostly likely not gonna happen. Sad reality. Nothing but hype!

2. "We're pausing the campaign until further notice"

What kind of f***ing excuse is that? I know most of their fucking delay strategies just to let their community think that they should trust them no matter what. They keep motivating them on Telegram, Facebook, Twitter or so, but in the end, they would silently abandon their project without announcing to the public. Worst of all, they're taking the investors' money away and hide in their private luxurious islands, yachts or so. Bear market? Naaahhh not a valid excuse you morons! You're just using that term to your advantage just to make the community believe in you until you silently run away with our hard-earned funds!

3. "We're focusing on the project's development before we hit exchanges."

Sorry to say that the truth is that they're doing that because of not having enough money to list in exchanges. Whaaaaaat? I can say that it's one of the worst, worst, worst, worst, worst excuses that ICOs are addressing their respective communities. F*** there are some exchanges that are free to get listed such as IDEX, MetaMorph Pro or so, and you can't even have time for the token to get listed? I don't have a f***ing problem when it comes to project development. However, just don't say that you can't get listed in an exchange which is fucking easy on the free ones.

4. "Tokens will be locked for a certain period of time to avoid mass dumping."

For me, this is not fucking true at all. Even if you do that, the market would still be dumping. I've experienced that with a couple of tokens (Seal and Gamestars). As I remembered, Seal locked our tokens for 6 months to avoid dumping. However, after 6 months, when they unlocked it, the price already dumped too hard. The same thing with Gamestars, in which they're giving tokens to bounty hunters batch by batch for like every 3-4 days. The sad reality is that this strategy is old and won't work anymore.

I don't know if you guys felt the same way like I do towards s***ty ICOs! Therefore, I can say that ICOs are a thing in the past. I would root for STOs this time, because they're regulated.

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January 03, 2019, 07:35:55 PM
 #2

All these examples are just excuses for new projects that could not raise enough money. but I think some projects have true statements.

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January 03, 2019, 08:36:37 PM
 #3

I would not say dead but definitely it is very slow nowadays and i will put the blame to some scammers and also the overall bearish market from so many months, people are not  making money from this market so they are not investing in new icos but we have to see the things in larger prospective there are always slow times and fast times in almost every business so definitely we are going to see business back on track for crypto markets as well we should stay positive and take this bearish phase as slow business and wait for recovery.

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January 04, 2019, 10:33:23 AM
 #4

I think it differs from situation to situation, granted many of the ico's are scams but there are some legit ones that don't over promise and stay true to the game. But it's hard to tell which ones are for real and which ones are scam, it would be nice to have a 3rd party who could give a sort of insurance on our investments into ico's it would bring in more safety to investors (but I have no idea how the 3rd party insurer will do that)
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January 04, 2019, 10:39:11 AM
 #5

Here's what I really don't like about ICOs and why they're dead to me:

1. "After ICO, the token's rate would be $X.XX per coin/token"

Excuse me? Really? Yeah we know the hype, right? Been there already. Most ICOs don't live up to their promise that their rate in exchanges would be that high amount. For example, there's an ICO whose token is worth $0.01 and claims that when it hits exchanges, they will be worth at least $0.20. But hell no!!! The reality is that when it hits exchanges, the rates are way below the ICO price!

So ICOs, don't make promises you can't keep, especially claiming that the amount will be huge when it hits exchanges coz' it mostly likely not gonna happen. Sad reality. Nothing but hype!

2. "We're pausing the campaign until further notice"

What kind of f***ing excuse is that? I know most of their fucking delay strategies just to let their community think that they should trust them no matter what. They keep motivating them on Telegram, Facebook, Twitter or so, but in the end, they would silently abandon their project without announcing to the public. Worst of all, they're taking the investors' money away and hide in their private luxurious islands, yachts or so. Bear market? Naaahhh not a valid excuse you morons! You're just using that term to your advantage just to make the community believe in you until you silently run away with our hard-earned funds!

3. "We're focusing on the project's development before we hit exchanges."

Sorry to say that the truth is that they're doing that because of not having enough money to list in exchanges. Whaaaaaat? I can say that it's one of the worst, worst, worst, worst, worst excuses that ICOs are addressing their respective communities. F*** there are some exchanges that are free to get listed such as IDEX, MetaMorph Pro or so, and you can't even have time for the token to get listed? I don't have a f***ing problem when it comes to project development. However, just don't say that you can't get listed in an exchange which is fucking easy on the free ones.

4. "Tokens will be locked for a certain period of time to avoid mass dumping."

For me, this is not fucking true at all. Even if you do that, the market would still be dumping. I've experienced that with a couple of tokens (Seal and Gamestars). As I remembered, Seal locked our tokens for 6 months to avoid dumping. However, after 6 months, when they unlocked it, the price already dumped too hard. The same thing with Gamestars, in which they're giving tokens to bounty hunters batch by batch for like every 3-4 days. The sad reality is that this strategy is old and won't work anymore.

I don't know if you guys felt the same way like I do towards s***ty ICOs! Therefore, I can say that ICOs are a thing in the past. I would root for STOs this time, because they're regulated.

i know, all of these sucks, but i think the worst part is when, after the end of the ico, even if softcap was reached, the team disappear and no one can know anything else about how the project is going..
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January 04, 2019, 10:40:38 AM
 #6

I come to the same conclusion. Although I have not been here for a long time, I already see many problems. The first open problem. I see people leaving this forum. Why do they leave him? Because ICO No longer makes a profit for both investors and the hunter. I think this is the last year of the industry.
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January 04, 2019, 11:09:10 AM
 #7

Here's what I really don't like about ICOs and why they're dead to me:

1. "After ICO, the token's rate would be $X.XX per coin/token"

Excuse me? Really? Yeah we know the hype, right? Been there already. Most ICOs don't live up to their promise that their rate in exchanges would be that high amount. For example, there's an ICO whose token is worth $0.01 and claims that when it hits exchanges, they will be worth at least $0.20. But hell no!!! The reality is that when it hits exchanges, the rates are way below the ICO price!

So ICOs, don't make promises you can't keep, especially claiming that the amount will be huge when it hits exchanges coz' it mostly likely not gonna happen. Sad reality. Nothing but hype!

2. "We're pausing the campaign until further notice"

What kind of f***ing excuse is that? I know most of their fucking delay strategies just to let their community think that they should trust them no matter what. They keep motivating them on Telegram, Facebook, Twitter or so, but in the end, they would silently abandon their project without announcing to the public. Worst of all, they're taking the investors' money away and hide in their private luxurious islands, yachts or so. Bear market? Naaahhh not a valid excuse you morons! You're just using that term to your advantage just to make the community believe in you until you silently run away with our hard-earned funds!

3. "We're focusing on the project's development before we hit exchanges."

Sorry to say that the truth is that they're doing that because of not having enough money to list in exchanges. Whaaaaaat? I can say that it's one of the worst, worst, worst, worst, worst excuses that ICOs are addressing their respective communities. F*** there are some exchanges that are free to get listed such as IDEX, MetaMorph Pro or so, and you can't even have time for the token to get listed? I don't have a f***ing problem when it comes to project development. However, just don't say that you can't get listed in an exchange which is fucking easy on the free ones.

4. "Tokens will be locked for a certain period of time to avoid mass dumping."

For me, this is not fucking true at all. Even if you do that, the market would still be dumping. I've experienced that with a couple of tokens (Seal and Gamestars). As I remembered, Seal locked our tokens for 6 months to avoid dumping. However, after 6 months, when they unlocked it, the price already dumped too hard. The same thing with Gamestars, in which they're giving tokens to bounty hunters batch by batch for like every 3-4 days. The sad reality is that this strategy is old and won't work anymore.

I don't know if you guys felt the same way like I do towards s***ty ICOs! Therefore, I can say that ICOs are a thing in the past. I would root for STOs this time, because they're regulated.

i know, all of these sucks, but i think the worst part is when, after the end of the ico, even if softcap was reached, the team disappear and no one can know anything else about how the project is going..
And at the end of story the transparency should become the main concern, but they are thinking if they listing their coin this time and then their token will be easily get dumped.
They are taking the market trend seriously.

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January 04, 2019, 11:11:54 AM
 #8

I don't think ICOs will as profitable as way back in 2017 when Cryptos boomed almost all the ICOs then hit Hard Cap and Soft Cap and I belief the overall market conditions now (bearish) has taken its toll on the ICOs market however the tone might change if there is turn around of the market (bullish) else when any token is listed on an exchange its value will remain worthless and almost a fail project.

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January 04, 2019, 11:13:57 AM
 #9

I think their are still good ICO's that has great Concept, I think in the coming  ETH hard fork and Update it will change the market again
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January 04, 2019, 11:25:33 AM
 #10

I think that ICO's projects from the past years were more profitable and really helped the investors to raise money, now i've seen that it's very hard to find ICO projects that are good enough to raise back the money you invested in the project.Besides that there are a lot of scams and people are becoming more and more mediocre and stop the project right in the middle of it.

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January 04, 2019, 11:27:43 AM
 #11

yes totally agree with every word you said, people are just blinded by hope of ICO's. they like the fairy tale rather than reality, the dream of landing on the next BTC seems too good to be true, ah maybe im just too skeptical but better safe than sorry.
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January 04, 2019, 11:33:36 AM
 #12

ICOs in 2017 are not comparable to those held in 2018. In 2017 it was enough to say a bold statement like "we build a fast browser with CC-integration" and money got thrown at. Nowadays, only true project with a real purpose are capable of reaching their softcap, mostly because of private investors and not due to the ICO to be honest.

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desticy
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January 04, 2019, 11:40:52 AM
 #13

All these examples are just excuses for new projects that could not raise enough money. but I think some projects have true statements.

Believe me, there are very few such projects. All that is described above is true in 95% of cases, unfortunately. These are the current realities of the ICO market. This is the end.

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January 04, 2019, 11:41:09 AM
 #14

Icos looking like dead i must agree. Maybe stos can turn the table or crowdfunding with crypto can be a thing from the future.

We will see in future.


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Bitknick
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January 04, 2019, 11:56:31 AM
 #15

This is true.  Now everything is exactly what is happening, but nevertheless it is impossible to say that all ICOs make promises and do not keep them, this is not so!
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January 04, 2019, 11:59:26 AM
 #16



I don't know if you guys felt the same way like I do towards s***ty ICOs! Therefore, I can say that ICOs are a thing in the past. I would root for STOs this time, because they're regulated.

I actually feel the same way you do to these kind of ICO!  Why don't they just be honest and bring back the money of their investors but they still chooses the dark path and fool everyone around them. Shame on these kind of people.

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January 04, 2019, 12:10:33 PM
 #17

that's the reason we meet most often, they try to convince all participants that their ico is fine but not all of them, for example when their tokens have not entered the market or exchangers, there are some who say they focus on developing projects and that is true because in addition to developing projects they are also waiting for the right time to register their tokens on the market, especially when the bear market is so many developers who deliberately delay the entry of their tokens on the market

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January 04, 2019, 12:19:51 PM
 #18

at the moment yes they are dead but trust my experience if investors return to the market everything will come to life again

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January 04, 2019, 12:24:44 PM
 #19

~snip~

1. I never believe any promises about the price of coins from project team. And It seems these project are scam or become scam after months.

2. This is a trick to trap investor's money in their project or even scam bounty hunters. I joined some bounty campaigns like that.

3. Hmm. I think this is not a bad move. But it seems to be bad with bounty hunters  Cheesy

4. This often applies for bonus coins, includes bounty rewards. I think this is not bad too.

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January 04, 2019, 02:26:27 PM
 #20

this is no longer a secret. many people have said that ICO is no longer a place to make a profit. whatever the way you invest in the ICO project in the end you won't get anything.

this is not the wrong project but because investors are tired of all the fraud problems that exist in the ICO.

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