YES..Get rid of greed and make investing in startups worth the stress, hassles and risk we take.Have you ever wondered why most new project launch their fundraising campaigns inform of an ICO or IEO or whatever they choose to call it, which most times in the end is successfully done, but as soon as the coin or token gets listed on an exchange, the price of the coin or token go straight below the price it was sold during the fund raising campaign?
Have you really ever wondered why this happens? Yes, I will tell you, it's because the coin or token was
Overpriced during the fundraising campaign.
And why was the coin or token overpriced? It's because the project developers are
Greedy, they want to raise as much money as they want, rather than as much needed (at least) to build the project to a stage where it begins to fund itself.
This bad behavior of project developers have discouraged a lot of individuals from investing in Start-ups, Start-ups were supposed to be like a goldmine, Scarce, it was supposed to be a big bounty, a big bonus, it was supposed to be precious, highly valued, a gem, Start-ups were supposed to be on every investors watch list, every serious investor were supposed to be on the look out for Start-ups to invest in, cus that's where the money should be, as when a person manages to participate in one, that person is guaranteed to double or triple he's invested amount x10 or higher (if the project is not a scam).
But today, the opposite is the case, most Start-ups today are avenue for investors to either choose to loose their money or choose to tie it down for a long time in hopes of the start-up they invested in turning out profitable in the future which sometimes take years.
Am of the opinion that, even if a start-up investor choose to leave his or her money in the project he or she invested in, that should be he's or her decision, it should never be because he or she is in loss, e.g,
if he or she gets out now, he or she will loose a great percentage of the amount he or she initially invested, and to avoid this loss, he or she is forced to hodl.
A start-up investor should never be in loss,
WHY? , Because he or she is a start-up investor, he or she took the risk of trusting the project developers whom he or she does not know, and paid his or her time and money to become one of the first investors, he or she should be the highest profit earner from this project, but unfortunately today, the reverse is that case, those who join late in the project end up buying the coin or token far cheaper than what the first investors paid for it, and also get out earlier in profit while the first investors are still waiting for their own investment to turn out profitable.
My experience - if I have invested in 50 different crypto Start-ups since I started crypto, 48 out of those 50 projects instantly went below ICO or IEO price as soon as they got listed on an exchange, I don't know what your experience is but this is reality, and it's not healthy for the growth of crypto currencies.
If this continues to be this way, a time will come when Start-ups will no longer find anyone to invest in their project except its listed on exchange.
Why would a project developer start a project which has 10 billion coins in total supply, and they plan to put out 5 billion in circulation the first year, in this first year, they don't have a working product, no utility for the coin, no usecase, just website and whitepaper and maybe a mobile app that it's only immediate function at that time is to check coin price and the amount of coin you hold, then they still go ahead and sell those 5 billion coins at the rate of 0.02 usd each raising tens of millions or dollars - for what exactly?
And the unfortunate part is that as soon as the coin gets listed on an exchange, late comers to that project still end up buying the same coin for 0.005 usd and even below, this is outrageous and highly disappointing
I know they dont force anyone to invest in their ICO but com'on, what's worth doing should be done well.
Let's discuss. Feel free to share your experiences or add to the discussion.
