Why ICO isn't recommended earning site ?

[zikabra]

People who invest in ico's are people who loves to give away free money.. that's just what it is... I don't see ico as a way of earning extra cash, not at all

People who invested in ethereum's ico and sold at peak are rich.
Investors are looking for something like this which will make them rich one day, it is not like giving away money. You can't really think that every project will fail and investors will lose.

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[Kiweikoo]

If you put your hope on ICO as a source of income, you will actually be frustrated at the end because you might end up losing all the money you would have invested in something else to one fake ICO company who comes up with fake promises that will never be achieved yet this companies still stress you to carry out KYC as though they are real and will have something good to deliver, but the end is always opposite of the expectation.

[Mikell556]

You should not participate in ICO, where KYC is demanded from you. Developers do not provide personal information about themselves with the display of their real documents, so why should investors do this? We do not buy shares of the company, we buy tokens that have signs of currency. You do not show your passport when you withdraw cash from an ATM.

[Carollzinha]

The insecurity and reliability of having an ICO, or even investing in it to make it worth some value are the most concerned points about why ICOs are not recommended as earning sites.
Since they are mostly new coins, you can not be asured they will eventually grow or die. Based on those speculations you will be much of afraid on accepting that ICOs are a worth coin keeping your eyes for or even waste some of your money on them.

[Kelvinid]

You should not participate in ICO, where KYC is demanded from you. Developers do not provide personal information about themselves with the display of their real documents, so why should investors do this? We do not buy shares of the company, we buy tokens that have signs of currency. You do not show your passport when you withdraw cash from an ATM.

It came into the point that mostly ICO's now are asking KYC to the investors and also for bounty hunters. It won't be bad actually if they are using our identity just to caught scammers, the only problem with that if our KYC will be used into other illegal activities which mostly we worried for. If we are not comfortable in doing these, then there is no need to force our self and find some other ICO. 

[kaya11]

"and identity theft can cost you much, much more than $25."

At some point I really believe this could happen when you randomly give your private information to anyone. One example is i have an account on Hitbtc for trading and somehow it was logged in by people whom I don't know. It was logged in from malaysia and the fact I did not even got there was a sign that it was hacked. It was when I keep on going to any sites filling up forms and giving away my information. The good new is I don't use that account again to trade and there was nothing in there to begin with. Some ICO's out there that uses account or log in information might have yours also, this was the case for me since I don't really change my password one at a time, most of them are the same. But I have learned my lessons and it's different for different kinds of sites.

[heritage35]

The reason so many investors are having I'll feelings about ICO, is perhaps because they have been cajoled into investing in scam ICOs.
I think we all need to be care, most especially those still interested in investing in ICO and even coins that gave been listed.
Never try to invest all your life savings.

[bitcoin31]

Ico is not recommending as earning site because we csn possible high chance to lose our money conpared before who have a lot of ICO are really legit. There is a lot of diasdvatanges now of investing to the ICO so better to choose only the best ICO.

[lienfaye]

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.

This is the usual problem I encountered in ICOs, we bought the coins in their said price but then when it get listed, the value is always under ICO price thus you have to wait until the price increase. The worst part is the coin delisted in exchanges so there's no way to take profit.

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.

That's true, a lot of existing ICOs are scam nowadays and its hard to determine which is which. Hence its important to have a proper research and ask for other experts opinion about the project because its better to be careful.

[Papcio77]

Yeah your right,  participating in an ICO is such big loss for now if you not really got knowledge in crypto investment. Buyers tend to loss their money, but if you are good in this matter. No problem because few projects are still legit. After listing the price goes up,  but you make sure to sell at the right time. Some project collapse after hitting an exchange, worst scenario.

[Cryptrx]

This is not true for all ICO projects. Many people earned huge returns investing in ICO but that's not to say they aren't trash ICOs that end up being a bad investment.

[Skroojee]

All the reasons that you have listed, it is because of them that no one invests in ICO. I think that in the future there will also not be much interest in ICO, as now STO and ITE are becoming more and more popular.

[gidaahmad]

We know that investment has risks. The risk is the amount of money you invest. If you want to follow an investment, we should look for a clear path. Like Binance lauchpad who always managed to present quality ICO through exchanger.

[tippytoes]

All the reasons that you have listed, it is because of them that no one invests in ICO. I think that in the future there will also not be much interest in ICO, as now STO and ITE are becoming more and more popular.

The bad reputation of ICO was because of the countless projects that were launched ending up bad, screwing numerous investors. And giving your money to these projects is like forgetting that you have invested because you don't know when will it return, if ever it will return. Crowdfunding projects are not a sure thing for your profit. Let's admit this fact. So basically, it is not really an earning investment.

[MakeMoneyBtc]

Investing in ICOs has changed drastically over the last months, making it almost impossible for a normal person to make profit from them. Back in 2017- early 2018 ICO was actually a very good and easy way to make profit out of investing in cryptocurrencies because almost every project that was launched had a purpose and they were not created just for profits. But nowadays, probably more than 70-80% of ICOs are created just for profits and they end up failing quickly after they start.

[ariyzt]

agree with you
most of ico can't stand again their dumper when hit market or exchange
thats why better if you wanna join ico you should think twice

[coin-investor]

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.

This is the current situation now, this is the reason, why it's so hard for a project to reach their softcap investors are now considering ICO as a good earning site or can be added to the investment portfolio unless something is done in the ICO then it will keep going on and people will not trust any ICO anymore.

[duyduc256]

Ico is not recommending as earning site because we csn possible high chance to lose our money conpared before who have a lot of ICO are really legit. There is a lot of diasdvatanges now of investing to the ICO so better to choose only the best ICO.

It is difficult to find good ICO projects because most of the current projects are landfills of scammers. If you really want to invest, you should choose to invest in STO and IEO because these are two new trends at this time. Maybe it will be very similar to ICO at the beginning but IEO and STO always occupy a lot of investors around the world, so making a big profit is only a matter of time.

[GregH37]

I definitely agree with you. A person who plans to invest doesn't want to join to a situation that he may be probably scammed or not going to earn. Eventhough there are some ico that was successful, the chance is not even good for investments since many of the ico are just fraud.

Initially, most ICOs where legit until scammers why were not in the system at the initial stage designed a strategy too to use in luring the innocent investors to bring their money, it was along the line this happened and was never at the beginning, if you look at most ICOs that started at the early stage, most of them are still pushing their projects and still in exchanges,.

Hence, it is not that there are no good ICOs now, we have lots of them, just that they end up not meeting their hard cap again due to these scam activities and that is why IEO and STO are being introduced to curtail this.

[icalical]

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.

All of your points is very true, and I do agree, but I believe we now have the solutions. Binance and Bittrex has launch a program called Launchpad, this is to facilitate blockchain projects that are going to raise funds on ICO. As we all know that this concept is not new, some other exchange has been doing this before, but Binance and Bittrex is not just other exchanges, Binance has the most daily volume and Bittrex is fully regulated and monitored by the U.S so at the very least we don't need to worry if the ICO will turn into scam. And I believe Binance and Bittrex will filter so they don't list any coin from shitty project.