Why ICO isn't recommended earning site ?

[GreatOrchid]

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.

Yeah, thinking that way is very unfortunate to the investors in an ICO, they have to make sure what is the real deal putting your money in a good way or not. Moreover, the coin/token price after ICOs became too cheap. It is very risky for the investors to put money there especially if the project seem dead after a couple of month because of lack of team works.
It is advisable to invest something that you won't mind if you lose it in near future. I would prefer to invest in Bitcoin instead of any ICO that are new in the cryptocurrency world because for sure it will get you profit at anytime when bullish market come.

[igor.vanyutin.83]

I disagree with you almost in everything. First of all, the most ICOs are not scams and they are giving a good profit. If you are a beginner investor that is taking part in ICOs without checking anything you will waste your time and probably enter a scam project.

[GreatOrchid]

ICOs have relatively became a new phenomenon but have quickly become a dominant topic of discussion within the blockchain community. As we can see, most of the people here didn’t agree that ICOs are earning site or even been a site. Because if people are also aware, they know that ICOs are a fundraising mechanism of a certain project where they will sell their underlying crypto tokens in exchange for other crypto currencies such as bitcoin or any other.
Nowadays, I have been notice how it is hard to join ICO because of many scam ICOs that have been happening in our crypto community. So better to be much more prepared and cautious in the different ICO around us.

[dimonarka]

I don’t consider these reasons to be problematic since ICO’s failures are a lack of funds on the cryptocurrency market itself, and it’s precisely for this that many projects fail to also closely consider the issue of fraud if these problems are solved, of course, the flow of investments will go

[GreatOrchid]

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.

Very well said. ICO is definitely not an earning site. ICO is meant for us people for them to release a new crypto currency or their token in exchange for other crypto currency of fiat. And more than that, ICO is not recommended as an earning site because it is only used by start-ups to bypass the rigorous and regulated capital-raising process required by the venture capitalists or banks. And just like what you have said buddy, nowadays most ICO are turning to be scam. I am not saying that people should avoid them but what they should do is be more aware and be careful in joining and participating in the different ICO here in your crypto community.

[basty03]

I think the reason why they not recommend the ICO as earning site because we all know it is risky, not full develop products or projects and some of the project are scam thats why we need to be vigilant and to be censorious.

That's true we know how risky is the cryptocurrency investment but as long we know how we manage it will be good, ICO is not good for earnings because it's not easy to know what is scam or not so better to make a deeply research before we invest or participate in any  ICO.

[steveabrahams]

I think the reason why they not recommend the ICO as earning site because we all know it is risky, not full develop products or projects and some of the project are scam thats why we need to be vigilant and to be censorious.

That's true we know how risky is the cryptocurrency investment but as long we know how we manage it will be good, ICO is not good for earnings because it's not easy to know what is scam or not so better to make a deeply research before we invest or participate in any  ICO.

I think ICO is the most riskier compared with other cryptocurrency investment, because it can takes a long time to get profit and also you never know is the ICO will scam or not, also is the team behind project will seriously do the project or not. I mean, you know, when a person got so much money, you will know the real attitude of the person is.

[stigmacryptonight]

For now it is true that ICO lacks trust anymore. Because the reason is indeed difficult to find ICO which is really good for making investment a profit. Of all existing ICOs, there may still be some that can be profitable. But if you want to invest, of course it's very rushed, because there are still many ScoC projects and everything is in your hands if you want to invest.

[cribusen]

We have experienced not our best times during the last 18 months. There were so much scam projects, tokens have lost around 90 percent of their value, so it is no wonder that ICOs were not recommended, because no ICO brought good profit.

[lizarder]

indeed ico mostly doesn't give profit for now, but some of ico I know still offer decent profit, but the problem seems like almost all crowdfunding these days are using KYC: ICO, STO, ITO, IEO must use KYC but honestly it's very risky because we don't know whether our personal data is guaranteed secure

[baghdatis1990]

    Unfortunately, there are very few good ICO projects at present. This is because people have seen that money can be made easy from scams. They fool the investors. Investors invest in a ghost project that is presented as a good project.
   We have to find a solution to this forum for redefining the scam projects that are promoted on this site.

[jerrison]

the recommended earning site can not be an ICO as they are trying to raise funds for a project yet to be executed and that alone makes the funds committed to that project look like a lock-in of cash for a while and also under probability and that is not a recommended earning business prospect for an income earner

[alexsandria]

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.

Your last point I guess is not necessarily should be consider about the negatives that ICO is exhibiting in the market. ICO having KYC procedures are not that bad and misleading, there are much of the projects that requires KYC that is intended solely to verify its member, either investors or advertisers. In that case, I don't see any negative implication that KYC can bring.

[nikola22]

ICO can be an additional way of earning but not the main and you may afford to spend some money for investing - only a little part from your savings or income.

[jossiel]

ICO can be an additional way of earning but not the main and you may afford to spend some money for investing - only a little part from your savings or income.

Its sort of little profit to nothing these days. I advise before investing to it, make sure that you are ready to lose with that money.

Its rare nowadays to find those ICOs thats likely to hit the soft or hard cap. Like the OP said, many today will just waste your time and probably scam you.

[bhabygrim]

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.

It is also my reason why I quit on ICO's .
Most of them are scam or if not they would just be dump when they hit the exchange, They couldn't even reach their ICO price when they got listed.

[FastSlots]

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.

right. But I think the IEO is just a temporary trend, the ICO is forever. When IEO detonates bubbles, everything will be repositioned.

[harrypotpot]

Just want to comment out that ICO is just a waste of time, for whom? for those who are promoting it? or for the team that is doing their best to make their roadmap happen? I guess for a crypto enthusiast, if they really want to achieve something, then time might be a good investment. No negative implications it can bring.

[Vispilio]

A lot of market participants behave irrationally time and time again, so the reason for speculative action in the wake of an ICO or IEO is not always the project team's greed, unreliability etc., but the consistent tendency of some people to hope to capitalize on outsized profits in short time frames...

[MikeyVeez]

All of us on this forum need ICOs or ther altcoins. Why? Because they are giving us money for promotions, here, on this forum or on other social media sites.
We could love Bitcoin, but think also about the market that is around altcoins and ICOs, that is a market where we are earning more Bitcoins.