The Harsh Reality About The Current ICO Project

[albrots]

Their initial goal was to take and extort money from investors. Scammers who develop fake projects will always give sweet promises so investors will invest in their projects. Roadmap has been arranged in such a way as to attract investors and will usually be listed on large exchanges. Must be more careful and thorough in choosing projects. As a Bounty Hunter it is a waste of time, but for investors their money is at stake.

[semobo]

Its not surprising at all since the projects launched run away with the investors money from 2017 when it triggers lot of scammers to use this platform to scam others.

We are keep saying DYOR before investing on a crypto project but there is no way to say it will definitely not run as scam so its risky thing to be invested even after the deep analysis.

[Palider]

Tip # 1
Don't rely on those promises, because that's their strategy to attract potential investors.
Because it's not really on the market yet and it's just words that aren't secure yet.

It is difficult now to rely on ICO projects because they have difficulty getting new investors today. This is because of the scammers who have ruined the ICO's name and reputation

[Genemind]

Bounties especially non-potential projects will use flowery words and promises just to attract more investors. It's one of the major things that we have to be careful of. we shouldn't fall for this kind of trap. Scammers are now using current ICO projects as their opportunity to steal money from investors.

[alan2here]

Their initial goal was to take and extort money from investors. Scammers who develop fake projects will always give sweet promises so investors will invest in their projects. Roadmap has been arranged in such a way as to attract investors and will usually be listed on large exchanges. Must be more careful and thorough in choosing projects. As a Bounty Hunter it is a waste of time, but for investors their money is at stake.

The most important thing for them is profit but if the project is deceptive, you will definitely lose a lot of money when participating. I think during this period you should avoid investing in new projects and only invest if that coin is listed at the big exchange because you can liquidate at any time. I usually research a lot of good projects this year but the results are different so this year I will only choose to invest safely in this market.

Now all ICO projects are almost dead so don't expect too much. There may still be few good projects to invest in but people should switch to IEO more because this trend is much safer in investing.

[HabiebRiziq]

I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...

maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.

I think many people experience the same thing as you when what was promised was just a lie or it could be said that it was only a sweet promise. And from this it will make many investors begin to hesitate to invest in a project because of this. But not all projects are like this, we must be more careful and ask for advice from the people closest to us before participating in a project.

[poldanmig]

Tip # 1
Don't rely on those promises, because that's their strategy to attract potential investors.
Because it's not really on the market yet and it's just words that aren't secure yet.

It is difficult now to rely on ICO projects because they have difficulty getting new investors today. This is because of the scammers who have ruined the ICO's name and reputation

It's no longer difficult. but now there is no hope for ICO because so many frauds have occurred. and in my opinion we must avoid ourselves now and don't trust ICO anymore. because there is no system change from the beginning until now. people are already lazy to put their funds in ICO investments no matter how good the concepts and offers that the team provides

[stadus]

It's normal that they promise that the token value will increase in the long run because that's the result of good development.

However, this market has been bearish for 2 years I guess, and even those coins that are very popular and stable during the popularity of ICO are now struggling as well, so you can't just expect the ICO project you are investing will increase its value when majority struggles, that's not possible, unless it's an exceptional coin.

[Delilonia1]

I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...

maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.

This is a major concern in the cryptospace.  And one cannot just say people should avoid bounty campaigns because on the long run, many campaigns still worth the effort and the resources.  One thing one can do is to just be careful in choosing projects. Sometimes, some promises may look unrealistic and later on,  you find out the project is not a scam and it's too late to join. My advice is that, in investing,  just put in a little sum. If it turns out to be a good project, fine. But if not, you wouldn't have lost so much.

[ameliana]

The first point is one form of their strategy, by offering bonuses or large prizes to investors. You should have known from the start that things like that are just to attract market investment, marketing strategies like that are common and you can see in every new project that comes up that offers lots of sweet promises. my advice be a wise and more selective investor before joining any project.

[macchiato]

Well, that is the sad reality of ICO projects of this era. Only few are worth the time and effort. IEO is the one on trend right now and according to a lot of people, it is less risky. You should try that one.

[btcdie]

I can say the average altcoin after listing on the exchange and in fact the project / product lacks interest, most developers give up and don't want to know why this is happening. as in other altcoins, the project left by the Team / Developer, gradually there is no price (can be called Shitcoin). So before you blame someone or the project team, you should do some research or analysis before investing, because it's your right to do your best in your future.

[sangjoewara]

Well, that is the sad reality of ICO projects of this era. Only few are worth the time and effort. IEO is the one on trend right now and according to a lot of people, it is less risky. You should try that one.

Right, I also really believe in IEO that is trending right now, because there are so many projects that use sales through IEO successfully, so it doesn't hurt if we all try to join projects that use IEO for token sales.

[Rodeo02]

Well, that is the sad reality of ICO projects of this era. Only few are worth the time and effort. IEO is the one on trend right now and according to a lot of people, it is less risky. You should try that one.

Right, I also really believe in IEO that is trending right now, because there are so many projects that use sales through IEO successfully, so it doesn't hurt if we all try to join projects that use IEO for token sales.

It will not hurt you until you experience to lose from it. We all know that IEO is the new trend but it doesn't mean every trend you need to follow. You should be aware about the risk the result for long term is the same as in any other project with ICO,STO,IEO they are all just want investment.

[upyem2k]

On thing that just keeps baffling me is that despite the fact that there has never since 2017 a token sold at 50% of its ICO price, people still invest in new projects in which their funds are tied down for eternity. Investing in ICO/IEO is like throwing the good morning after the bad one.

[Mumbeeptind1963]

It's normal that they promise that the token value will increase in the long run because that's the result of good development.

However, this market has been bearish for 2 years I guess, and even those coins that are very popular and stable during the popularity of ICO are now struggling as well, so you can't just expect the ICO project you are investing will increase its value when majority struggles, that's not possible, unless it's an exceptional coin.

I think there is no such project that would not promise you that they will be the best among its competitor in terms of their field, every ICO will tell you that when the project became successful they will bonus or what, they will also be listed in famous exchanges but the sad truth is they just only doing this because they want to gain attention and attraction some of them doesnt follow their roadmap, and few of them became scam ICO.

[Ryan Dugan]

When a project tells you it's token will rise in value you should immediately leave. Unless they speculating about what could happen.

It's normal that they promise that the token value will increase in the long run because that's the result of good development.

However, this market has been bearish for 2 years I guess, and even those coins that are very popular and stable during the popularity of ICO are now struggling as well, so you can't just expect the ICO project you are investing will increase its value when majority struggles, that's not possible, unless it's an exceptional coin.

I think there is no such project that would not promise you that they will be the best among its competitor in terms of their field, every ICO will tell you that when the project became successful they will bonus or what, they will also be listed in famous exchanges but the sad truth is they just only doing this because they want to gain attention and attraction some of them doesnt follow their roadmap, and few of them became scam ICO.

There are a few projects that do not lie about things but just speculation which is totally ok. Some projects do not even promise a return and have a disclaimer about it.

On thing that just keeps baffling me is that despite the fact that there has never since 2017 a token sold at 50% of its ICO price, people still invest in new projects in which their funds are tied down for eternity. Investing in ICO/IEO is like throwing the good morning after the bad one.

I think these people are crazy or enjoy working for nothing only to throw their money at ICO. Maybe is like gambling to them?

[nelson4lov]

Current has been a nightmare to watch. If I remember correctly, They raised around $36M in February 2018 and I expected them to distribute and get it listed within a month time. But then, the market got bad and they kept postponing with the excuse of 'unfavorable market conditions'. Okay, It's 2019, Bitcoin's price has increased, the market seems to be taking a positive turn, yet They didn't list. They were using regulatory issues as excuse. I've followed all their updates and AMA.

To make matters worse, They closed down their TG channels and their community can't force complains/issues. And they've finally agreed that Current is a security and at such, can't be listed straight away. The story goes on and on.

[gundala]

I'm sorry for your bad experience. But did you know that was part of the risk when you decided to join this cryptocurrency? You need to know, there are projects that are really made with a good strategy, a qualified development team, successful fundraising, but when the market conditions do not support the expectations are usually not entirely achieved, it requires a process. Be patient, and try again to find projects that really promise.

[supercanada1]

Well, that is the sad reality of ICO projects of this era. Only few are worth the time and effort. IEO is the one on trend right now and according to a lot of people, it is less risky. You should try that one.

Right, I also really believe in IEO that is trending right now, because there are so many projects that use sales through IEO successfully, so it doesn't hurt if we all try to join projects that use IEO for token sales.

It will not hurt you until you experience to lose from it. We all know that IEO is the new trend but it doesn't mean every trend you need to follow. You should be aware about the risk the result for long term is the same as in any other project with ICO,STO,IEO they are all just want investment.

Risk is involved in IEO too. You are damn correct about this. These all are not very different from each other. The main motive behind these projects is mainly attract investors and convince them to spend their money in respective projects. I don't find them beneficial in any way. My honest suggestion would be to not get involved into such suspicious things or at least do a lot of research before making any move.