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Author Topic: Why ICO isn't recommended earning site ?  (Read 14690 times)
madrogue
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March 10, 2019, 09:43:20 AM
Merited by dbshck (2), n0ne (2), OgNasty (1)
 #1

I hope you can understand my bad grammar and bad english

When Bitcoin price idump, its difficult to get profit in ICO and some of ICO is fail.
This is reason why ICO isn't recommended to earning.

1. Low Profit

Most of ICO when their token listed in Market/Exchange, that price is always under ICO price. There are 2 ways to escape. Sell with low price and small loss or Hold and wait their price pump.

2. Wasting Time

Every ICO have time to open their token sale. They will close their token sale if hit their target. Some of token sale is take up 30,45 or 90 days. Some of ICO will not stoo their token sale if not hit target. After recieved tokens, they need to listing in exchange so, you must wait again. Better if they not lock that token long time.

3. Most of ICO are scam

Its difficult to see good and real ICO. You can't predict what ICO will giving huge profit and success. Not all success ICO is trusted, they can scam too.

4. Most of ICO need KYC

Some ICO is need KYC to make their security save from buyers. But, giving your identity its dangerous and not all ICO will keep save your Identity safe.

That's only my reason why i didn't trust some ICO again.
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March 10, 2019, 10:18:03 AM
 #2

I think this topic is strictly relatives. In general almost any investment is not free from risk, and ICO is just one of them which has a very high risk. As you pointed out on your last sentence, there's some ICO which is good and have a great future, but finding them in this bear market is insanely difficult. Like finding a needle in a haystack.

I think any sane person should know that we should only invest what we can afford to lose, so you should not throw your money around.

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March 10, 2019, 10:54:14 PM
 #3

Back to the days on 2016-2017 where ICO are much of the hype and talk. But they were gone now and it's true that most of them are scammy and sketchy that are just filling their pockets through the idea of ICO.

And the idea of investing to ICO will surely give you tremendous return has been changed. Before, the belief of investing into such will give you decent profit but this is the reality ICOs are no longer profitable unless it's true and has legit business relations.

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March 11, 2019, 12:31:35 AM
 #4

Submitting KYC for sites other than ICOs can be dangerous as well, with one example being the Blockchain.info $25 XLM giveaway. $25 might seem pretty attractive considering all you have to do is submit a few documents, and there's a relatively low chance your information will ever be sold and/or leaked, but that chance is still there and identity theft can cost you much, much more than $25.

Besides that, we're in still in a bear market. A lot of projects have failed and will continue to fail in these market conditions; really not a great time to invest in ICOs and newer projects as a whole imo. I'm personally just DCAing into larger alts and BTC.
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March 11, 2019, 03:42:59 AM
 #5

It's just that people are already losing interest and trust on ICO as they lose their money and got scammed. I think people had learned the lesson and won't trust again in any of those even it's change from ICO to STO. A total BS.

I'm personally just DCAing into larger alts and BTC.

Me either or mainly BTC, don't wanna give my money to icos that in the end they're the one who have good life,lol!

Happy Coding Life Smiley
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March 11, 2019, 06:05:00 AM
 #6

Its true that ico projects takes time to coclude token sale and most times distribution, but I doubt that is at problem at all, you must understand thats how they work and only focus on the success of the project, and that's in the aspect of low profit as you mentioned, I do not think anyone would bother about  time wasting if the projects comes on an exchange and is above ico price,but sadly it hardly ever happens
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March 11, 2019, 06:52:58 AM
 #7

We can see the reality of new crypto projects so it is nit the right time to invest on it because we may lose our money as well.
Even though if you find a good project it will take lot of time to reap your profits.

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March 11, 2019, 07:02:05 PM
 #8

Even though if you find a good project it will take lot of time to reap your profits.
That is why every veteran or expert in cryptocurrency analysis would always advice you to have patient.
You can just expect a coin to multiple with out giving it some required timing
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March 11, 2019, 10:47:18 PM
 #9

Another member was asking yesterday for good ICOs and in the replies many good answers were given: https://bitcointalk.org/index.php?topic=5118550

I mentioned an interesting article about marketing "strategies" of ICOs how to cheat their rating on ICO rating-websites. It's surprising how easy you can change a scam project into a very well-rated project when you are paying some ETH: https://medium.com/alethena/this-is-how-easy-it-is-to-buy-ico-ratings-an-investigation-13d07e987394
ICO rating websites are the worst place to evaluate ICOs, maybe it's a sign for scam ICOs if they have a good rating there.  Cheesy

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March 11, 2019, 11:27:41 PM
 #10


4. Most of ICO need KYC

Some ICO is need KYC to make their security save from buyers. But, giving your identity its dangerous and not all ICO will keep save your Identity safe.

Strict regulations imposed on ICOs leads into implementation of KYC to it's users. That's normal to those "registered companies". Somehow it will minimized the risk of being sh*t although as a whole, ICO industry is not that interesting today so giving out identity's is not worth at stake.



As a bottom line, try to think outside the box of some ways to get profit in cryptos without engaging into ICOs. That's not really an advisable thing to do especially for newbies. Do not test the waters until you don't understand the risks of putting money here.

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March 12, 2019, 12:32:54 AM
 #11

investing in ICOs has become more or less just another way of gambling,  the sad part is that the time you need to spend searching for an ICO that might could be both legit and successful is probably better invested  in doing anything else you're good at.

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March 12, 2019, 10:54:39 AM
 #12

Many ICO earning depends on the potential of the project and does not depends on the price of bitcoin at the time, because even in the presence of a heavy price dump in bitcoin good projects still succeeded such project as ripple. The best way not to lose is to study and understand the project you are holding they coin.
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March 12, 2019, 03:25:04 PM
 #13

You might be right, many ICO are fail or even scam, and the price after listing is below ICO price. But it doesn't mean every single ICO are in the same way, many of them also succeed and the price after listing are 2-10x it's ICO price. The quality of the project showing their value, do some research before you're investing into something.

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March 14, 2019, 06:22:37 AM
 #14

First, ICO is not an earning site, or a site.

ICO means Initial coin offering, they can do it on a private or a public sale, or even both.
 The KYC is not bad, but depends on the project because if you trust them you will comply with the KYC, they are just doing it because they are required to do so, especially if they are regulated and when they are, it's also good for investors as they will be protected.

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March 14, 2019, 08:09:21 AM
 #15

Not useful topic at all. ICO's isn't belongs to earning site, ICO's is a project that are raising fund from people's. And for people's ICO's is a investment project. You will not able to earn from ICO's directly. You will won tokens and you are the owner of that. You will only be able to trade it on digital exchange (if listed on exchange). So we really can't called it earning site.

My suggestion, better to stay away from ICO's now. Most of them are scam.





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March 16, 2019, 06:23:29 PM
 #16

1. Low Profit
Most of ICO when their token listed in Market/Exchange, that price is always under ICO price. There are 2 ways to escape. Sell with low price and small loss or Hold and wait their price pump.
Or wait for working product. Don't expect project will blow over night, it is not going to happen.
2. Wasting Time

Every ICO have time to open their token sale. They will close their token sale if hit their target. Some of token sale is take up 30,45 or 90 days. Some of ICO will not stoo their token sale if not hit target. After recieved tokens, they need to listing in exchange so, you must wait again. Better if they not lock that token long time.
Better is to lock token and unlock it after they release product. All you can get is dump after ICO because bounty hunters are selling tokens.
4. Most of ICO need KYC

Some ICO is need KYC to make their security save from buyers. But, giving your identity its dangerous and not all ICO will keep save your Identity safe.
Nowadays is popular to ask kyc but that isn't the reason.
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March 17, 2019, 06:53:15 AM
 #17

Nowadays is popular to ask kyc but that isn't the reason.

the ONLY reason why they started asking for KYC was because ICOs started failing at some point and started falling apart. so they had to do something to keep it alive a little longer while add an additional method of making some extra money.
so they added KYC to look legit while they continue scamming people and then on top of it they sold all the KYC data on black market and make extra money from it.

This space is for rent. Send PM with your offer.
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March 17, 2019, 12:38:51 PM
 #18

We really need ICO to become popular here in crypto then even with or without KYC i think depends if they trusted and high chance that they turn well here example if that turn very useful and helpful like you can earn if you try to risk then do invest in that like in many different gambling site or in trading site of course with potential then in wallets,coins or alts with potential or with good developer and very trusted like try that because that will grow

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March 17, 2019, 12:40:25 PM
 #19

All of your points are negated by the fact that every now and then there's an ICO that is an obvious 5x and it usually works just as expected. Plenty of people made mad bucks on ICO-s.

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March 18, 2019, 01:04:40 AM
 #20

I realized from recent events that people are looking for earnings in projects, and run wherever money is. Binance sales are proof of that, and they will continue until they lose. And in the end, ''any offer will be better than IEO''. lol

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