Is it possible to make good profits through ICOs?

[Botnake]

It was really possible to make a good profit through ICOs in the past. But for now, I'm not so sure about it. Because there are new kind of projects now (like DeFis etc.). People have started being interested in them more compared to ICOs. But of course it doesn't mean that there are zero good ICOs. Still, there are really good ones. You just need to do a very detailed research.

Yeah, to find reliable ICO projects this time is time-consuming or even we just waste time searching for nothing.
We have done good and bad with ICO's in the past. If we have a good deal in ICO's in the past, not for sure if it still the same as of today as we know that scam are sprouting and a lot of people become a victim.

Maybe it was time to forget them and look forward to the next chapter with NFT. But, we still need to be cautious with NFT's, because happens to ICO might be the same as a scam projects still exists.

In every platform that is hype, there's always a risk and it's always high.

Though ICO failed or lost its popularity, we can say it has also contributed to the market, ETH and BNB is a product of ICO and they are now leading the altcoins market, so it's not really bad to look for a good project, just don't generalized the platform as good and that you'll just invest blindly because of confidence.

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[FanEagle]

It used to be very profitable to this by the way. I know many people are not understanding the point of ICO these days because it makes no sense at all in 2021, however back in late 2017 and early 2018 it was THE deal because so many people made so many profits. There was this guy I do not remember his name but it was something like goblin or something and he shared the ICO's he believed that could profit, he invested in them at the price he says available at the time so it wouldn't be fake, and then he shared the current price of the day as days gone by, so you know he was legit and that dude made a lot of money from it.

The ones that gone down would go down 50% at most, but the ones that go up would go up as much as 10x so he was making a big amount from it overall. ICO was the way to make money at the time but slowly it just became worse and worse.

[tabas]

Only ICO im participating in is the ongoing NEOS VR (ncr) one.  Not a traditional ico though, more long term.

How can you be sure that those are long term? There's no assurance that those are for long term IMHO. Most ICOs that goes in the long term, they are losing more investors.
It is because everyone is dumping.

[DrBeer]

Today, the ICO has outlived its usefulness and is actually not used. But there are similar mechanisms for investing, for example daomaker.com (not considered advertising). This is one of the alternatives for a controlled and secure investment similar to an IKO. And if we talk about the classic ICO, its time ended somewhere at the end of 2018 / beginning of 2019. There was a loss of confidence in such a process, since a huge number of ICOs appeared on the market that were extremely fraudulent.

[kawetsriyanto]

Most new projects today didn't provide ICOs only, they usually have planned to have IEOs after the ICOs ended. Rarely ICOs can be successful nowadays because the interest of investors to join ICOs getting less and less. Investors know that ICOs are no longer the best way in initial token sales, also many projects failed if they only rely on ICOs. So, investors don't want to risk their money in ICOs.

You may be lucky in joining those ICOs, but I am not sure you can be successful in the next ICOs. Be careful to join ICOs, there are already many projects that died early because of relying on ICOs only.

[Ziskinberg]

ICO are not that active anymore though there are still good projects to look for but it's not like before, ICO are being left behind by many options created on a different network. If in doubt with ICO then try IEO, or IDO they are still doing good and some projects succeed even if we are down right now. I'm not investing on any pre-sale for now because it's a down market and usually most of them failed to raise funds, that's why it's too risky for ICO.

Apparently, there is a lot of new projects created nowadays. But it finds more challenging this time as most of them are just a scam thing, of course, we can still found reliable and legit projects but that we need time and effort searching them. That instead of spending more time and wasted, why not invest in those who have been proven potential and besides, these ICO's are also relying on the top coins like in Bitcoin.
It was time for OP to open his mind and forget about ICO, it makes no sense at all. It is done and we can never take it back, new ICO projects now are hopeless, we just lose our money with them.

[Dread Pirate Roberts]

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.

Sometimes projects that we think are good and will be successful are not always what we imagine. dont talk about profit yet. some of ICO had no value at all . many  people also lose with investments like this. do your own research about that ico before invest . they can promise you anything just dont trust anything they claim.
 

[TheUltraElite]

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.

If people could make even a decent 5x gains with ICO coins then every mainstream investor would have been talking about - dont you think so? Use you common sense here. Now its not that they dont know about it or some huge conspiracy that is keeping them out of it, No. They know it is a loss, and I will tell you why.

The ICO profitability depends on what price you bought it and when you sold it, just like any other asset. But what these coins lack is the inherent capability to generate a market in order keep the demand/supply ratio up. Hence the ones who go in at presale will sell as soon as the coin gets listed and then the coin will never go back up again. It will linger at -10x of its ICO price and go down with time only to be gradually abandoned by its team and owners.

Honestly your money would do better outcomes with bitcoin or traditional fiat markets, my honest opinion.

[Cling18]

I don't think ICO's these days are still profitable. As for me, the ICO's that we have these days are too different from the ICOs that we had last 2017. There are lots of ICO's that fail these days and some of them are scams. Most investors prefer investing with well-established coins rather than joining ICOs.

[iTradeChips]

I do not have any idea how the ICO's work nowadays but I do remember that they are such a big hit in 2017 to mid-2018, even during the "crash" of 2018. Many people make good money then and I think many small time investors were able to pick good projects then because there are a lot of good projects during the period. But of course after that crash happened. Bitcoin weakened and less and less ICO happened. There maybe ICOs nowadays but I think they are only a few good ones.

[pinoycash]

I do not have any idea how the ICO's work nowadays but I do remember that they are such a big hit in 2017 to mid-2018, even during the "crash" of 2018. Many people make good money then and I think many small time investors were able to pick good projects then because there are a lot of good projects during the period. But of course after that crash happened. Bitcoin weakened and less and less ICO happened. There maybe ICOs nowadays but I think they are only a few good ones.

Many developers are offering a ready made sites or ico website that makes it easier for scammers to run a fake ICO project. its hard to detect which one is legit and which one is just using its ICO to scam its investors.

[onecall123]

I don't think ICO's these days are still profitable. As for me, the ICO's that we have these days are too different from the ICOs that we had last 2017. There are lots of ICO's that fail these days and some of them are scams. Most investors prefer investing with well-established coins rather than joining ICOs.

yup, ICOs hype almost over and not as popular money making system as before 2017. Not to say all ICOs are scams, but most of them definitely has a red flag. So, Things like before launch a ICO in order to fund their startup is not working out. Investors become more smart, they want sure profits and safety.

[Pamadar]

I don't think ICO's these days are still profitable. As for me, the ICO's that we have these days are too different from the ICOs that we had last 2017. There are lots of ICO's that fail these days and some of them are scams. Most investors prefer investing with well-established coins rather than joining ICOs.

yup, ICOs hype almost over and not as popular money making system as before 2017. Not to say all ICOs are scams, but most of them definitely has a red flag. So, Things like before launch a ICO in order to fund their startup is not working out. Investors become more smart, they want sure profits and safety.

Investors learned from those past experiences where scammers runaway with their money,

ICO's is no longer effective as supporters are very less though there are some who still in hope that they'll get some decent profits if
the project run smoothly and able to list inside decent exchange, but the popularity is not that  huge anymore and like what you just said, investors are finding some safe investment with more lesser chance of getting scammed.

[sapnu]

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 depends on the ICO if ever it becomes successful but ICOs are not that profitable anymore unlike how it was before. Due to the sudden emergence of scams on ICOs, many people started losing interest on working in such. Now, there are a lot of ways on how you can be profitable in crypto but ICOs are not on the top list anymore. Even though the hype and the relevance of ICOs are long gone, scammers are still everywhere and considering that there are just a few number of ICOs right now, scammers are much more evident than before so I would advise you find new ways cause ICOs are not effective anymore in making profits.

[leatutz]

Last one year not participated on ICO project because many scam ICO coin right now, better I trade and buy coin have listing on exchange, this not very risk because have any exchange listed coin and we can know when coin have pump or dump. But with ICO we got much profit more than 100% depend success for listing great exchange, but when listing on shit exchange have ready to loss much.

We can also divide the bullrun season. We can't trust the new ICO even though I'm not confident to suggest any ICO. Recently I followed so many good ICO those were listed CMC before completing their ICO. Even though the ICO price crashed below ICO. We can buy those coins at a low price from some good exchange. IEO situations must be different, especially Binance or top exchange IEO.

[panjay]

meh..not good anymore..

everything will pump in bull market.

If you get some allocation on ICO's gets ready with a dump on release by vc/seed fund who got 10-100x entry from your public allocation.

[tvplus006]

We can also divide the bullrun season. We can't trust the new ICO even though I'm not confident to suggest any ICO. Recently I followed so many good ICO those were listed CMC before completing their ICO. Even though the ICO price crashed below ICO. We can buy those coins at a low price from some good exchange. IEO situations must be different, especially Binance or top exchange IEO.

After the bull run was stopped, many projects no longer give such a large profit to their investors after TGE, which was previously estimated by thousands of percent from the price of the private and seed round. Thus, the price after TGE for many coins is lower than on the public round, which gives a good opportunity for investment. And if you believe that the bull run will continue, you need to take this opportunity to buy coins at a low price.

[reza7777]

In 2021 you are still talking about ICOs remember that the ICO storm has passed and is no longer a conversation with investors, many ICOs end up being scams and that's what makes ICOs so scary. maybe out of 100 ICOs only 2 or 3 projects can really bring you profit

[SlimShadyMmp]

Try maybe get into private sales or if you are lucky with counlist or polkastarter public sales then congrats It's normally a 3X to 5X thing most time so basically is a huge profit

[Slow death]

this is no longer the time to invest in ICOs, so many people have realized the disaster that ICOs have caused, now they are in the new fashion: NFT

in my honest opinion, I prefer to invest money in bitcoin because it is safer, if you want to invest in altcoins you can invest in ETH, BNB, LTC which are altcoins that have dropped a lot in price compared to bitcoin but if they rise again they guaranteed you profit 4X easily

In 2021 you are still talking about ICOs remember that the ICO storm has passed and is no longer a conversation with investors, many ICOs end up being scams and that's what makes ICOs so scary. maybe out of 100 ICOs only 2 or 3 projects can really bring you profit

I even doubt that out of 100 ICOs there is something that is profitable and does not become a scam