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Author Topic: How much loose from ico 2021. I got rekt  (Read 509 times)
udayantha11 (OP)
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February 07, 2021, 03:09:20 PM
 #1

I invested on razor ... holy shit

2500usd loss within 4 hours.

Very dissapointed. How much u

we all need universal power and cyclist of Everything
-2023 would most likely be as bearish as 2022-
=BTC will make it, but might be a long winter=

Stronger the storm, brighter the rainbow
JHORN
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February 07, 2021, 03:24:36 PM
 #2

I won't dare invest in any ICO because 98% of ICO projects today are nonsense, if you invested that money in IEO from top exchanges or in any polkastarter project you would have double your invested money, ICO isn't good in 2021, you made the wrong choice sorry

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February 07, 2021, 03:47:45 PM
 #3

Can you name what project it is? how could you lose money in 4 hours? did they end up scam and run away? did you not do your research before joining the ICO? I personally currently don't really believe in ICO, I better join IEO (but only on big exchanges)

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pealr12
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February 07, 2021, 03:57:18 PM
 #4

Can you name what project it is? how could you lose money in 4 hours? did they end up scam and run away? did you not do your research before joining the ICO? I personally currently don't really believe in ICO, I better join IEO (but only on big exchanges)

If you read clearly he already mentioned it, he razor - Razor Network is a decentralized oracle platform,

Well @op I guess you bought at the top because now it seems down by -37%, the reason why it is not good to fomo in when the project already very high,  you haven't lose if you didn't sell, I will suggest you hold for when price will appreciate again.
CuriousGeorge
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February 07, 2021, 05:19:23 PM
 #5

I invested on razor ... holy shit

2500usd loss within 4 hours.

Very dissapointed. How much u

I have ever lost $15k in two days from investing in ico lol and that's my worst experience with the ico. I know razor and that's a garbage project and that's why i have not invested my money on it.
I have been getting very big lose but i can recover it again from the legit ico.
It seems like that you were buying it at the ico price but it goes down so hard after that , right?

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February 07, 2021, 05:39:19 PM
 #6

I'm not a loss, just wasting the money I make from the internet.

All of my money I used for trading and other things was came from my freelance jobs on the internet, remember the old days when I become a captcha typer. But, I also make a good result on the real-life from the internet all of my loss was for the experience to while you are trying to investing or trading.

Well, you will never know the result when you cannot take the risk.
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February 07, 2021, 05:40:29 PM
 #7

As matter of fact, i don't normally encourage one to invest in a project that one has faint knowledge about it, its not all ico are bad but one just need to be careful by not looking at the only fascinating part of the project,

Sorry for your, i will advise to consider the background of the project before investing.

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February 07, 2021, 11:33:38 PM
 #8

I have never experienced that, because I have never invested in an ICO, this is very high risk.
it's better to daily trading, even if the profit is small but low risk.
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February 07, 2021, 11:36:19 PM
 #9

I have ever lost 100k from EDO. I can recover that again just in a few months after i have been investing in some legit icos.
That's happening coz i was buying EDO at the peak price and then i just hold it but the price is always going down anytime. Try to find the legit icos and there are lots of good icos these days and you can recover your money instantly.
If you were able participating in safepal ico and that will recover your money instantly.  Cheesy

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February 07, 2021, 11:45:54 PM
 #10

I won't dare invest in any ICO because 98% of ICO projects today are nonsense, if you invested that money in IEO from top exchanges or in any polkastarter project you would have double your invested money, ICO isn't good in 2021, you made the wrong choice sorry

I highly agree that the majority of ICO today are just nonsense copy cat of earlier ICO's.  Many of them are just here for a money grab and don't have a basic fund to run their initial stage of planning and advertisement.  Aside from that, many of them are half baked developer.

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February 07, 2021, 11:46:14 PM
 #11

I invested on razor ... holy shit

2500usd loss within 4 hours.

Very dissapointed. How much u

To be honest with you dude, I never try neither attempt to invest in any of the ico projects campaign that has been arising here in cryptocurrency. Though, I joined only to promote their projects in terms of investing in the ICO even IEO. 2500$ is not a joke, well I guess you learned from you mistakes mate.
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February 07, 2021, 11:54:26 PM
 #12

Real story?

That's painful bro if that is for real. This is the reason why you should always be careful when investing in any ICO. It could go up as high as it can but it could lose you money as quickly as it can.

That's a very expensive experience for you to learn that you'll never invest in any ICO. I guess $100 would suffice me in investing in such projects but that amount is a serious gamble to you, and I guess you hoped that it would make you money x10 in quick time with that project.

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February 08, 2021, 04:24:35 AM
 #13

I want to say that many of this year’s ICOs seem to have ended in failure.

that's now true and have you checked the legit site like icocrop or polkastarter? it seems that if you are not yet checking it.

https://icodrops.com/
https://cryptorank.io/
https://polkastarter.com/

Just visit all of them and you will be seeing a bunch of successful icos. You should check the market and ico is still exist this day. OP is getting a bad project but so far the legit ico with big roi still there.

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February 08, 2021, 04:45:00 AM
 #14

I invested on razor ... holy shit

2500usd loss within 4 hours.

Very dissapointed. How much u
That's the risk of investing, because if you invest in trash, then obviously you won't get anything, I wonder why you don't choose tokens or other popular Altcoins in terms of investing at this point.
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February 08, 2021, 04:52:32 AM
 #15

Can you name what project it is? how could you lose money in 4 hours? did they end up scam and run away? did you not do your research before joining the ICO? I personally currently don't really believe in ICO, I better join IEO (but only on big exchanges)
you haven't lose if you didn't sell, I will suggest you hold for when price will appreciate again.

That's so double edged sword, I have been burnt by following this advise several times but every project is different - so good luck to op.

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_IRMAN
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February 08, 2021, 06:36:09 AM
 #16

Well @op I guess you bought at the top because now it seems down by -37%, the reason why it is not good to fomo in when the project already very high,  you haven't lose if you didn't sell, I will suggest you hold for when price will appreciate again.
If he bought at the top, it means he isn't losing money because of the ICO, this is purely self-ignorance. Before buying a token, he should have done some research first, whether it was right to buy at that time.
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February 08, 2021, 06:51:30 AM
 #17

Ouch $2500 usd loss in just 24 hours is kinda huge. And yeah its still down until now of 7% accdg to CMC.  Unfortunately, you bought at the wrong time. Your entry was at peak and unexpected dump occured. The only choices you have is to hold further more and wait the Razor to pump to atleast lessen your deficit.

Sadly, trading volume was also down to 89% and this just makes the security of that coin to be that low, too. Traders tend to loss interest on this coin.
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February 08, 2021, 07:18:20 AM
 #18

This is why you should be careful on investing with ICOs most of them are just a pump and dump scams, you should be careful specially investing with that kind of big amount.
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February 08, 2021, 07:30:17 AM
 #19

I invested on razor ... holy shit

2500usd loss within 4 hours.

Very dissapointed. How much u

Some of the investor's lost to some kind of shit coins but of course, they got some offer from those people who has some good strategy to make some hype about certain coins. Maybe you are one of the victims of this kind of strategy and you got the record of the fastest investor who lost his investment in cryptocurrency in just 4 hours. That's a lot of amounts there, you need to make some good research before going into investment but obviously, you didn't and you got yourself wrecked in 4 hours. it's better for you to move on and continue living like you used to because such kind of money will return to you again just don't you ever make the same mistakes again.
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February 08, 2021, 07:32:30 AM
 #20

I thought ICO are no more again or too strong again to be pulling such stunts, seems I am mistaken. But why would you invest such an amount in an ICO when their case has been a bad one for years now which of course lead to their phasing out. Or maybe I would like to believe it's your spare that you invested in, because that is the first lesson to bear in mind when investing in any project be it IEO or ICO, most especially ICO.
Also, have you tried knowing what caused the dump? I will tend to rule out the exit scam aspects since the project is already trading but Is there a fud surrounding the project which caused such a dump? I think you should try to know this, in order to make a good decision if it is to hold or sell, or it could also be market reaction associated with a new listed project; but looking at the price on coinmarketcap, the price seems to be picking up therefore you can wait a bit to see what will become of the price since it is clear you bought at the top.

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