Is it possible to make good profits through ICOs?

[PercT4b]

Hi there, I was looking at a couple of ICOs on CMC today (especially at Safelaunch) and it's been a while that I started to analyze the "results" of some previous ICOs like Centrifuge, Bytenext and other random coins.


I noticed that their ICO price was way lower even than the very first opening price, so I was wondering if it could be a good idea to regularly take part in these events, and, if an ICO allows me to freely manage the money I placed in it (for instance, immediately taking back my money if my profit target has been reached).


P.S: with "good profits" I don't mean bullshit like 10x, 100x and "to the moon", (obviously everyone has a different conception of "good profits"), but a decent amount of money that allows me to make an accumulation plan, would be great to see other people's experience.

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[cryptoaddictchie]

Hi there, I was looking at a couple of ICOs on CMC today (especially at Safelaunch) and it's been a while that I started to analyze the "results" of some previous ICOs like Centrifuge, Bytenext and other random coins.


I noticed that their ICO price was way lower even than the very first opening price, so I was wondering if it could be a good idea to regularly take part in these events, and, if an ICO allows me to freely manage the money I placed in it (for instance, immediately taking back my money if my profit target has been reached).

Not all ICOs a re profitables. Some can also have a normal entry price or even traded at a common price. There are some ICOs Ive participated with some really good IDO on good platform but still it goes down. Some of you mentioned were from coinlist and that platform handles a good project.

Some can really do a good multiplier but some also were bit normal. I can see this as based on hype or quality of the platform you gonna choose.

[isaac_clarke22]

I might be living under the rock, but are ICOs still a thing these days?
I never looked into one after they all started to disappear back in 2018.
Many of them turned out to be a scam back then.

For OP, I would just say that if it is a running ICO better do the usual DYOR.

[tvplus006]

...I noticed that their ICO price was way lower even than the very first opening price, so I was wondering if it could be a good idea to regularly take part in these events, and, if an ICO allows me to freely manage the money I placed in it (for instance, immediately taking back my money if my profit target has been reached)...

Many projects block the coins of their investors for a long time, which sometimes happens to be equal to 2 years. Obviously, this is done so that there is no mass dump when investors receive coins. In this case, as a rule, 10% is unlocked monthly, so you will not be able to sell all your coins even if the price has reached the values you dreamed of.

[bakasabo]

Do "good" projects run public ICO nowadays? I often come across projects with numerous sales round with a future altcoin lock, and projects that want to attract investors by hype and sound altcoin name. All the ICOs that can give good profit are private imho. You will never know about cool project running ICO for regular people. They are mostly open for huge investors. Lets speak frankly, how much do you want to invest? All these "good" ICO expect to raise millions as soft and hard caps. They spread insiders info about themselves and raise hardcaps via private sales in no time.

Maybe I'm wrong, but I never heard stories how someone bought $50-100 worth tokens during ICO and in few years they turned into $5000-10000.

[cryptomaniac_xxx]

Not sure if ICO's are still hot today as compare to 2017. Actually I haven't check any good ICO for the last couple of months. And others have been calling ICO dead already, we have a lot of new hype like the latest - NFT. Maybe there could be successful ICO projects out there, but it could he just handful as they lost the trust of many investors. If I'm in your case, would look for other ways to invest and make money today, just saying.

[PercT4b]

...I noticed that their ICO price was way lower even than the very first opening price, so I was wondering if it could be a good idea to regularly take part in these events, and, if an ICO allows me to freely manage the money I placed in it (for instance, immediately taking back my money if my profit target has been reached)...

Many projects block the coins of their investors for a long time, which sometimes happens to be equal to 2 years. Obviously, this is done so that there is no mass dump when investors receive coins. In this case, as a rule, 10% is unlocked monthly, so you will not be able to sell all your coins even if the price has reached the values you dreamed of.

Thank you so much, that's exactly what I wanted to avoid.

Do you know where I can find these clauses (maybe whitepaper, a hidden paper...)?

[DapanasFruit]

While some can be wondering if ICOs can still be fashionable, the thing is that there are still new projects that prefers to call their start-up crowdfunding activity as ICO and not IDO or IEO (in cooperation with an exchange). We should note that these are just terms and basically they are the same - they are fraught with opportunities and risks - just like in the past. So can you make profits in ICOs...the answer is a big YES but it is also possible that you can lose money big time. All new projects are just a gamble.

[Jackl87]

Hi there, I was looking at a couple of ICOs on CMC today (especially at Safelaunch) and it's been a while that I started to analyze the "results" of some previous ICOs like Centrifuge, Bytenext and other random coins.


I noticed that their ICO price was way lower even than the very first opening price, so I was wondering if it could be a good idea to regularly take part in these events, and, if an ICO allows me to freely manage the money I placed in it (for instance, immediately taking back my money if my profit target has been reached).


P.S: with "good profits" I don't mean bullshit like 10x, 100x and "to the moon", (obviously everyone has a different conception of "good profits"), but a decent amount of money that allows me to make an accumulation plan, would be great to see other people's experience.

It always depends on the overall state of the market if you can make a good profit by participating to an ICO. Also classcial ICO's like back in 2017 or 2018 where projects collected almost unlimited funds like 50M and more during their public-sale are over. Today most projects have a seed round and a private round which can only be accessed if you are a influencer or a VC or in a pre-sale group and then only a very small amount of the tokens (like 1 or 2%) is going into the public sale in most cases. So usually you have like 300 available spots for example for a public sale but 10000 applications for that spots so it's very luck based and random. If you manage to get a public sale spot of a good and hyped project than a good profit is very much possible though.

[BigBos]

Not sure if ICO's are still hot today as compare to 2017. Actually I haven't check any good ICO for the last couple of months. And others have been calling ICO dead already, we have a lot of new hype like the latest - NFT. Maybe there could be successful ICO projects out there, but it could he just handful as they lost the trust of many investors. If I'm in your case, would look for other ways to invest and make money today, just saying.

there may still be some profitable ICOs, but I think it is very difficult to find them for now. preferably, try to do some research on some new projects in the bounty thread. there could be some pretty good ICOs or projects there. but, so far, I haven't seen that, only a few successful bounty projects this year.

[virasisog]

This is not 2017 where ICOs are prominent in the market. There is a slim chance that ICos can bring you profit since most projects are pumped and dumped in just few hours upon listing. It is difficult to depend on ICOs nowadays since it had been dead since 2017.

[poodle63]

It's the same as investing as early investors in many startup that hasn't take off yet, there's huge possibility that you won't make any profit,
not to mention ICO nowadays is rather fading in popularity and got overshadowed by IDO and IEO.
If you can analyze which project is worth the investment the you probably gonna make some profit at least,  but there's also reason why people prefer IDO and IEO it's because
the projects that are listed there, usually are rather reliable since not anyone could simply held one.

[isaac_clarke22]

~

Surely in CMC, they already had their own site provided there and from there you can see the whitepaper or any stuffs that you still need to know about the projects like Roadmaps, etc.

[finaleshot2016]

Hi there, I was looking at a couple of ICOs on CMC today (especially at Safelaunch) and it's been a while that I started to analyze the "results" of some previous ICOs like Centrifuge, Bytenext and other random coins.


I noticed that their ICO price was way lower even than the very first opening price, so I was wondering if it could be a good idea to regularly take part in these events, and, if an ICO allows me to freely manage the money I placed in it (for instance, immediately taking back my money if my profit target has been reached).


P.S: with "good profits" I don't mean bullshit like 10x, 100x and "to the moon", (obviously everyone has a different conception of "good profits"), but a decent amount of money that allows me to make an accumulation plan, would be great to see other people's experience.

Actually, I don't have any idea about the current ICO because the last time I joined ICO is the year 2018 but I think it's still the same because nothing has changed. I can tell that there are still many scams that occur in the crypto community and some of them aren't really profitable, only the devs are getting profit.

In this kind of situation, I really recommend to make research before investing money in new altcoin, one of the fundamentals to do in crypto.

[smartaction]

ICO is profile then normal investment. But it is more risky. Because now a days lot of scammer make project run ICO, Saledrop and after got some investment they leave there project. So, be careful

[Sled]

Hi there, I was looking at a couple of ICOs on CMC today (especially at Safelaunch) and it's been a while that I started to analyze the "results" of some previous ICOs like Centrifuge, Bytenext and other random coins.


I noticed that their ICO price was way lower even than the very first opening price, so I was wondering if it could be a good idea to regularly take part in these events, and, if an ICO allows me to freely manage the money I placed in it (for instance, immediately taking back my money if my profit target has been reached).

Honestly, most ICOs are shit projects. You can find some worth for investment but it makes it hard to find them. Well, I hope you could.

Investing in ICO is riskier than we go directly to known coins. I'm hearing that many investors making a huge profit from ICO (they got lucky) but if you analyze it well, that mostly happens during the bullish season. If you will invest in the ICO today, just be sure that it will survive until the next pump otherwise, you will lose your money.

[acener]

I've stopped following or even searching on ICO's when things got  bad most of them turns to be scam and others couldn't keep their price above or even near their ICO's price.
So I think ICO isn't really profitable anymore but I guess there is still a chance to gain from them.
But it is too risky to risk on initial offerings only few could survive or hit their target.

[michellee]

As long as you can profit from any coins, that will not be a problem because you can use the coin better than the other. But you need to know that you search for the right coins or ICO at the market because that needs observation before you can select that coin or project. People tend to chase the bigger profit from any project, but you do not need to follow them because that will be difficult. It is better to profit than to chase the bigger profit if we do not have a chance.

[Fundamentals Of]

While the ICO market is not as vibrant as before, I am still not ruling out the possibility that a profit could still be made out of it. But if I were to risk on making money, I would rather choose another way than to invest in an ICO. It is possible to make money from ICO but not probable, unless the project is a really huge and anticipated one and with an all-star development team that could easily get investors, partners, and supporters. Otherwise, I would rather use my money to buy more sats.

[Fivestar4everMVP]

Well, maybe before 2017, ICOs were highly profitable, but this days, not all ICOs are profitable as most project over price their coin or token which always results to immediate dump below ico price as soon as the coin or token gets listed on exchange, very very few ICOs come out very profitable this days but most times, this profits are not immediate, you have to wait for the project to fully develop and deliver their products to fully maximize the profit as selling early even before the project fully develope and launch their product will mean you cutting your profit short.
So my conclusion is, ICOs that brings high profit this days are very few, and to be a partaker of this high profit, you have to hold for some reasonable amount of time while the project develop their product, don't expect to make millions from an ICO overnight cus you gonna end up very disappointed.