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Author Topic: Do you think ICO is a good way to raise money?  (Read 4396 times)
cyramji (OP)
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February 25, 2019, 10:24:13 PM
 #1

Hello , What do you think about ICO as a way of raising money in the next years? .Specially after all the scam projects we have seen before,like last time  the team of a project called elementh(https://icobench.com/ico/elementh) claimed that they have to quit the project since they did not have enough resources eventhough they raised about 8M USD , and after ICO no single step forward the development of product has been achieved.
They wanna return the money to investors as btc and eth after all this bull market (btc was about 10K usd ).

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February 25, 2019, 10:36:14 PM
 #2

Not anymore it better to get hold of your money and do something with it, like day trading.
ICOs have been infested with scammers and manipulators and i wouldn't advice anyone to invest in any however promising it looks.

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February 25, 2019, 10:48:06 PM
 #3

in a calculation, investing in an ico project gives us the opportunity to make a big profit. but for now ico projects are high-risk things, some projects fail and that certainly makes us suffer losses. so choose the right ico project and don't lose it.
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February 25, 2019, 10:55:59 PM
 #4

Hello , What do you think about ICO as a way of raising money in the next years? .Specially after all the scam projects we have seen before,like last time  the team of a project called elementh(https://icobench.com/ico/elementh) claimed that they have to quit the project since they did not have enough resources eventhough they raised about 8M USD , and after ICO no single step forward the development of product has been achieved.
They wanna return the money to investors as btc and eth after all this bull market (btc was about 10K usd ).

They are such idiots scammers, have you seen their contract or address if they have raised that amount? it must be proven because how much fund raised can be manipulated by the team. That should be the main concern. I always choosen the right project just like BTT, Zilliqa, QKC and i never get scammed by the scumbag. Man, you should not trust ico bench.

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cyramji (OP)
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February 25, 2019, 11:01:32 PM
 #5

Not anymore it better to get hold of your money and do something with it, like day trading.
ICOs have been infested with scammers and manipulators and i wouldn't advice anyone to invest in any however promising it looks.
Absolutely , But there are some projects that really get you some money (like binance ICO), what I see is that ICO have to be regulated or managed bya trusted third part

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February 25, 2019, 11:05:53 PM
 #6

in a calculation, investing in an ico project gives us the opportunity to make a big profit. but for now ico projects are high-risk things, some projects fail and that certainly makes us suffer losses. so choose the right ico project and don't lose it.

Unfortunately, most projects are failing. Even the authentic ones are suffering.
You will observe that their prices once they got listed are very low as compared to their private sale or ICO prices.
Dumpers will always be there but come to think of it, they have very small percentage of allotment as compared to the total supply.
So a strong project can't blame it solely to dumpers. If they have robust system, they can easily rise from that dump and achieve their stable price.
And from my end, ICOs are not good way to raise money or get profit from. Very few can offer you that kind of return.
STO are now becoming the new trend. The reliability is better than ICO.
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February 25, 2019, 11:08:55 PM
 #7

I think new projects should have a new way of raising funds to support it because ICO is no more profitable. The numerous scam incidents is deterring people from participating in it anymore.
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February 25, 2019, 11:11:02 PM
 #8

Yes it is before but now I don't think so, some investors is not interested unless you have already a reputation or you have a big and legit partnership. Like Bittorent there are so many investors because the tokensale happen on binance launchpad given that binance has a reputation too. But there are still some investing on not well known project.
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February 25, 2019, 11:16:05 PM
 #9

If the ICO is legit it can help to the market to raise money but once the ICO is scam and failed for sure it will cause for the market to dump again because you know the collected funds maybe converted into real cash that can cause dropping value of the coins and tokens. I hope no more ICO scam so we can see the market rise.
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February 25, 2019, 11:18:57 PM
 #10

Hello , What do you think about ICO as a way of raising money in the next years? .Specially after all the scam projects we have seen before,like last time  the team of a project called elementh(https://icobench.com/ico/elementh) claimed that they have to quit the project since they did not have enough resources eventhough they raised about 8M USD , and after ICO no single step forward the development of product has been achieved.
They wanna return the money to investors as btc and eth after all this bull market (btc was about 10K usd ).

They are such idiots scammers, have you seen their contract or address if they have raised that amount? it must be proven because how much fund raised can be manipulated by the team. That should be the main concern. I always choosen the right project just like BTT, Zilliqa, QKC and i never get scammed by the scumbag. Man, you should not trust ico bench.

Agree with you, but I think the year 2019 is not good for ICO project because the trend of investing in the cryptocurrency is no longer exits. Now there are a lot of ICO scam project and I think if the market does not go up, ICO will die in 2019, in my opinion.


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February 25, 2019, 11:21:38 PM
 #11

Some ICOs are capable of explosive growth from the first days of listing, but for this, ICO must have one important factor — a high level of hyip, otherwise there is a risk that the price will not shoot.

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February 25, 2019, 11:30:26 PM
 #12

They are honest to return the funds, investors have shifted to trading and buying more stable coins or coins that are already in the market, because they are guaranteed a profit once the bull run starts, on ICO they could lose all of their investment.
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February 25, 2019, 11:36:20 PM
 #13

I think ICO is not a good way to raise money anymore. Many potential ICO projects are live now but they can't make enough raise because of the negativity about ICO scam, dead news and the bear market is another reason. Some projects shifted fro ICO to STO to raise enough funds. I support them because they are really good projects but they couldn't raise enough money because investors are not liking the ICO project at this moment.
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February 25, 2019, 11:41:03 PM
 #14

I'm afraid it won't be that best for now cause mostly ICO's never shows profitability since last year due to scams arise in the market. Many investors have losing their funds and it is sad that many ICO's were failing due to inconsistency of the market demand and tokens were losing their value once listed in the market which it turns into horrible declines.
It is better to invest coins were already establish good market exchange and we certainly be making money by then.



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February 25, 2019, 11:41:18 PM
 #15

in a calculation, investing in an ico project gives us the opportunity to make a big profit. but for now ico projects are high-risk things, some projects fail and that certainly makes us suffer losses. so choose the right ico project and don't lose it.
You are correct mate. Most projects are now becoming useless and coins they produced became shitcoins. If we are going to pour our investments into ICO the risk could be very high nowadays due to what you have said like failed projects and some others became scammy ones. As a bounty hunter I even experience a hard time now with ICO's because the payments are postponed, no value and just a waste of time.



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Rainbot
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Bonsaiav
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February 25, 2019, 11:53:57 PM
 #16

Hello , What do you think about ICO as a way of raising money in the next years? .Specially after all the scam projects we have seen before,like last time  the team of a project called elementh(https://icobench.com/ico/elementh) claimed that they have to quit the project since they did not have enough resources eventhough they raised about 8M USD , and after ICO no single step forward the development of product has been achieved.

If the reputation of ICO has a good image, it means that it is far from the SCAM-like action that occurred before it, of course ICO is the best place for investors to get super big profits quickly and quickly. What has happened has happened, most of the user community, and investors have considered ICO as a defective innovation and are considered already inappropriate to continue its development.

They wanna return the money to investors as btc and eth after all this bull market (btc was about 10K usd ).

Only this is the only best way for ICO developers to restore their good name, even though what they will do, may not be able to recover their reputation quickly.

gidaahmad
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February 25, 2019, 11:59:21 PM
 #17

ICO is not always good. So, make sure you make the right choice before joining ICO. ICO is not a field for making money for small investors. We recommend that we look for a safe way to trade crypto. You can manage your investment every minute, hour or day. And from there, I'm sure everyone will get the experience of trading.
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February 26, 2019, 12:17:19 AM
 #18

actually if the project is good, ico is a great way to increase money. the ico team gets income because their products sell well in the market and participants or crypto influencers also generate income from what they do when promoting their products.
peonminer
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February 26, 2019, 12:28:13 AM
 #19

ICOs are a good way for companies to raise money. Individuals can be seen as trying to scam these days. Lots of ICOs are legit and require identity verification and things like that before you can actually participate. I have been looking over www.airdrops.io and www.airdropalert.com to see if I can find anything worth while.
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February 26, 2019, 12:41:14 AM
 #20

ICO is one of the ways for projects to raise funds to finish up with the development of their products and other marketing plans but due to the number of recorded cases of scam ICO projects, investors have become very cautious and most of them have refrained from investing in ICOs at all. For ICOs to get back on the grounds as it used to, there must be regulations which will govern its proceedings in order to put the security of its investors at the topmost priority and also serve as means for checking the scam projects.

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