NFT presales vs ICOs

[PercT4b]

I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

[QueenVera]

There is no difference which is why many will dump so hard that they will not have any value again and people will be giving away their NFT for free. This was a bad timing for the NFT hype just as 2017 was a bad time for ICO because immediately after the bear market came and wiped out the market. Some of the project are still struggling upto this moment and same fate is awaiting NFT.

Looking at the NFT launching everyday, they lack authenticity and just copy and paste of previous successful project and that was exactly how the ICO Ara was been ran. There would be some surviving ones but how to spot those ones that is now the issue.

[kentrolla]

There is no difference which is why many will dump so hard that they will not have any value again and people will be giving away their NFT for free. This was a bad timing for the NFT hype just as 2017 was a bad time for ICO because immediately after the bear market came and wiped out the market. Some of the project are still struggling upto this moment and same fate is awaiting NFT.

Looking at the NFT launching everyday, they lack authenticity and just copy and paste of previous successful project and that was exactly how the ICO Ara was been ran. There would be some surviving ones but how to spot those ones that is now the issue.

Rather I would say NFT pre-sales is second version of ICOs as they have similarities like hype and greedy mindset of investors who just wait for the minute to dump the tokens, we shouldn't be falling for this trap like we did previously with ICOs it's going to be chaos again because users are so short sighted and end up dumping tokens just for their profits.

Copy pasting the content of successful projects and whitepaper plagiarism was common in ICO and the same applies to NFTs as well, we need better technology and services insted and same being copied and redesigned.

[o48o]

There is no difference which is why many will dump so hard that they will not have any value again and people will be giving away their NFT for free. This was a bad timing for the NFT hype just as 2017 was a bad time for ICO because immediately after the bear market came and wiped out the market. Some of the project are still struggling upto this moment and same fate is awaiting NFT.

Looking at the NFT launching everyday, they lack authenticity and just copy and paste of previous successful project and that was exactly how the ICO Ara was been ran. There would be some surviving ones but how to spot those ones that is now the issue.

Difference is that NFT already is way bigger industry then icos ever were, and will continue to be so. But as it was same with icos, there will come ton of crap with it because people are blindly interested "being rich" aspect of it. And not everyone can be rich, because it's a zero sum game.

And obviously it will drop, like any other bubble with it. For example i see ton of privacy and regulatory problems with most of the plans in nfts, not to mention the money laundering aspect. But even after NFT bubble breaks, not all the projects die with it, just like ICOS were replaced by IEOS and IDOS, NFT offerings will be changed with different protocols and platforms as they evolve.

[Coin_trader]

I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

Are you sure you are comparing NFT presales to ICO? First of all there's no way an NFT holder can dump immediately his NFT to the market since you need to list it first and wait for buyers to buy it unlike on ICO which is selling coins that can immediately dump there tokens to the orderbook. There's a risk to not getting back your investment on NFT in case the project fails to attract potential buyer that will give value to the NFT.

NFT weakness is there valuation. It is highly dependent on other people speculation since there's no guarantee liquidity available to sell the items compared to coins.

[Anonylz]

NFT Presale is not similar with ico presale and the comparison does not match, how many nft presale have you participated on @op? because to my understanding most nft sale are carried out base on certain specification and most times only few people can be able to buy unlike ico that was open to anyone with cash at hand, don't consider most of these shitcoins nft created just to quickly grab money, legit nft sales are done base on auctions sometimes, the supply is usually small which makes them expensive, ico presale started nicely as a way to raise funds but scammers took over and it was a different story.

[manok jepang]

indeed at this time it can be said that NFT is on the rise, but I personally prefer ico to be an investment, because in my opinion the way ICO works is more instant and convincing, compared to NFT, where NFT has a greater risk, NFT holders cannot directly send the NFT to the market because you have to register it first and wait for buyers to buy it, this is different from ICOs which can sell their tokens directly to the market without having to wait for buyers first.

[goinmerry]

I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death

When it comes to hype, we can say it's the same as the ICO back in 2017/18. Same with Defi and so on...

Be it on NFT or any trendy thing that popped out in crypto, we can't avoid pump and dump schemes.

As long as there's money in any trend, expect any rug pull, dump, manipulated thing that can happen at all times.

[ryzaadit]

Did you know? NFTs is more chance to the risk comparing a coin/token?

Why, because NFTs order book is not really many and most of them have a big gap between the recent/listing price. So, If you buy on the top most like ly you will get a lost more than 70-90% in a single transaction. Also, sometime you can't instantly sell because some NFTs don't have orderbook listed and you need to listing them + wait until someone bought your NFTs.

That's why we don't like NFTs, If you want to exit you can't exit instanly.

[JayTrain]

sometimes I am surprised by the NFT market, first of all, they will ask a lot in good sales now, or it is impossible to have coins or fill out whitelists for good luck, but in general this market is full of investments, if you choose what to buy correctly, then you can multiply your investments.

[rhomelmabini]

Did you know? NFTs is more chance to the risk comparing a coin/token?

Exactly, it's riskier than any ICO or other coin/token offerings. Even if you early joined the hype and then it's a success, it's not a guarantee that you can sell it afterwards unless you paper handed it to other individuals who want it cheaper. I like NFTs who offers utility over it and one more thing I like NFTs who really have a very active community.

[arwin100]

I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

The only difference on NFT is it has a utility you can use their tokens on the game or or what the perks added on the arts if you buy it so I think NFT is much better compare to ICO where all of this category always promise to have use case but in the end majority of them turn scam.

Although there's still scams happened in NFT scene since its unavoidable that there are scammers using its trend so we must be careful to avoid it.

[Ten98]

sometimes I am surprised by the NFT market, first of all, they will ask a lot in good sales now, or it is impossible to have coins or fill out whitelists for good luck, but in general this market is full of investments, if you choose what to buy correctly, then you can multiply your investments.

Instead of having to be complicated and think a lot illogically, it's still better to choose an easier option through good coins that have been proven to benefit everyone such as ETH, BNB and Solana, so there's no need to look at the more complicated ones investment terms.

[Psynthax]

I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.

You're right about this. A big room is still available for the low cap token/coin. Even if the big cap can grow even higher but it will not so big like when it was a small cap coin.

I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018,

That's quite different with ICO. The thing that i don't like from NFT pre sale is NFT was not liquid like ICO. You need to find someone on opensea that interested in your NFT.

when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.

Yeah. That's why buying NFT is the same like betting in your luck. If you get good NFT and then you can sell easily but if you got bad NFT and then you may never able to get your money back.

What's your opinion about that?

Im feeling skeptical with this NFT pre sales

[Porfirii]

I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018 (...)
What's your opinion about that?

I genuinely think that NFT pre-sales and ICOs are comparable to the dot-com bubble. There is a lot of sh** out there (literally anyone can mint as many NFTs as he or she wants) but a very little percentage will make their owners utterly rich. The question that everybody should ask himself is: am I sure about my ability to separate the wheat from the chaff?

[mindrust]

You are not wrong. ICO's, DeFi, NFT's have generated lots of hype and the hype enabled lots of scams. I've been reading that there are people who buy their own NFT's for millions and then put it on the market. They are basically wash trading and now NFT's made it even easier to do than what it was. Eventually this NFT craze will also die off. I wonder what they will come up with next.

[yhiaali3]

There is no real comparison between ICOs and NFTs because most ICOs were fake or fraudulent projects whose real goal is to collect money only and do not have any actual application on the ground, while NFT or at least a large part of them have real uses already and some of them are technical or artistic creations To preserve important rare things, it can also be used in applications and games and can be used in the future to preserve property rights to many important things. The only drawback in my opinion is that NFT is overpriced and everyone can create NFT and sell it at unreasonable prices.

[makishart]

NFT sales are not comparable with ICOs, here's my concern why it's not comparable with icos. NFT sales focusing in the creation by owner. I meant there's no actual price for this as the buyer can easily offer the price for the content that created by the creator. Remember that if the art will not be easily dumped but im sure that if the price can be easily manipulated like pump and dump. That's different with the token that dumped so hard and it will be dead. In NFT as long as there will always be someone wanna buy it and it will not die. NFT is about selling the content instead of security token like what ico did. I thought that you understand this so well.

[wajik-tempe]

I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

The trends are similiar to people who are the hunter of quick profits, they will get into the whitelist and hoping they're in then sell it with double or triple profits once it launched on the market with the benefit of people are still on the hype getting the NFT things, or coins in the ICO.
Also the IDO and launchpad are also the same, but only few projects that could survive on the market more than 1 month after it launched

[wheelz1200]

I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

Well if anyone has any sense about them you'd realize the 2017/18 icon ended in a barage of lost money.  99.99% ended up in scam territory.  And yeah I think it's the se thing, especially the part where most all of these "projects" will end up as shams.  Can't believe so many people fall for this crap.