Why I am quitting ICO's

[bitcoinisbest]

It is necessary to carefully select all read about in Social Media. Well acquainted with the team, read what others have to say investors and experts.It is completely secure from fraud but at least minimizes risk join fraudulent ICO.

Very important to do your research and if satisfied than only invest in ICO. As we know that their are so many ICO today coming up and all will definitely not be a good one. Majority out of this will be a bad investment so one has to select the best among this and for this one needs to thoroughly go through various things before picking any of them.

[yulchatar]

When this sphere was not very well known and popular, naturally, there were fewer unsuccessful and scam projects. Now, ICO "captured" crypto world and unfortunately, I also ran into a few unsuccessful projects. Although in the beginning, they seemed promising with fairly good ideas and products. However, I don't cease to participate in ICO because from the very beginning I knew the risks. I went into it with my eyes wide open.

[vallentvi4]

The number of ico that every day always makes some people wonder, many companies claimed to guarantee various aspects of life through interesting offers from various ICO and new token or coin was created. But every day there is always a new ICO that is no different from the previous ICO. This is no longer a service to the public, but leads to competition among companies. And all this can result in not the number of tokens / coins that the more difficult to suppress.

[cryptbit.man]

Great that you shared your experience. I am currently considering also to stop doing ICOs for the same reasons. That being said I have had a few lottery tickets in the ICOs that I took part to which are currently responsible for most of my portfolio. These were however some time ago before the market became extremely saturated.

[Dreamchaser21]

so far I can not agree with you, because I start to go deep into the ICO and see this as a future and a good way to make money.

It can only multiply your investment if the project succeed on their ICO. Not all are become successful, better to make the research before you invest, personally if the ICO are good I study this thing for good and invest later on, its risky but yeah its worht it.

[Ranly123]

I decided to quit ICO's. From December till now I invested about 5 eth into several ICO's. Invest what you can miss, this is what was able to miss.

Right now the first few of my ICO's have reached the exchanges. Most are under performing, but this is related to the overall dip (can be read everywhere). I understand, but ICO token economics have changed also.

• massive hardcaps
• most is sold in pre-sale to big investors, leaving scraps for crowdsale
• much attention to marketing, less to working product or realistic time lines
• immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future
• no lock on pre-sale tokens, whales take their x2, x3 or x-whatever as soon as possible (I would probably have done the same). Prices drop to below ICO price.
• too many ICO's without distinctive differences.
• too many ICO's in general
• too much tokens reserved for team/marketing
• many ICO's don't even have a crowdsale anymore (which perhaps is a good thing as the little investors are protected this way)
• ICO prizes are quite high. 1eth = 1000/4000 tokens is pretty common, but with a hc of 40 million, this will not easily go x10 or more.

I was 'unlucky' to miss out on a few ICO's besides the ones I was able to participate in. Afterwards I am glad, since I was able to pick most up at a fraction of the ICO price.

Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem. Some may seem like a fantastic solution, but often it is marketing combined with a strong team, and not so much a great working product.

And who am I? I am definitely a nobody , but still wanted to share my experiences and perhaps save people from thinking of getting on board of the next x100 ICO

p.s. when a Telegram has over 20k subscribers all screaming 'when lambo' with endless rows of animated gifs, you may also wonder if this is a serious block chain solution which will revolutionize 'x'

Perhaps You should have chosen an ICO with initially small capitalization, high ratings and big bonuses.

That would be great idea. Choosing the good ico is the best way to avoid doubts on them. Sometimes we have to look for a promising project with lower caps to have a chance of having a higher price when ico ends.

[JustBetweenUs]

Interesting point of view.
I'm on exactly opposite end - I'm going deeper with ICO's this year.

Your points are pretty valid, but this mean you just need to be more peaky where you are investing. And I'm always and only buying during the pre-ico phase, avoiding those ICO's with massive pre-sale.

Why would you avoid ICOs with a large presale? You get in at a better discount and there is higher chance to get out with a profit even if the ICO underperforms on the exchanges.

[BLTC]

Well, sad to hear that you quit ICO's. For me, I just make sure that I'm putting my time, effort and money to an ICO that I believe.  ICO is also a big challenge but end of the day once you were able to identify a correct ICO then it will be rewarded greatly. Cheers and goodluck to ICO Teams.

[Zandar]

At the start of ICOs the entire crypto market was fresh and with not that many coins, so those ICOs flourished. People started noticing the incoming money in it and later on tons of ICOs appeared just to make a quick buck and scam people, lots of people got scammed, some ICOs didn't even bothered to show up on exchanges, just took the money and went away. Others got on the exchange but lost their value instantly. And as soon as it showed up on an exchange then the developers didn't do anything with it anymore so it died off over tiem. Now there are so many ICOs that they have saturated the entire crypto market. There are so many alt coins now that you don't even know at which to look at. With over a dozen ICOs taking off almost every day, they have overkilled it. ICO's aren't worth it anymore, practicly 95% of them go bust now. You can't even get your initial investment back anymore and end up with even over 90% loss.

[redsap]

yeah many ICO project don't doing their best performance to realize their project. but still not just in crypto project but in the old times i see a lot of people like that too in offline project, some bussiness will good or bad is depend on the team ofcourse and idea
i agree if now many project have same ideas but they will improve their project feature, the ICO is just some kind of bussiness to make a kick starter for them

[NorihiroName]

I decided to quit ICO's. From December till now I invested about 5 eth into several ICO's. Invest what you can miss, this is what was able to miss.

Right now the first few of my ICO's have reached the exchanges. Most are under performing, but this is related to the overall dip (can be read everywhere). I understand, but ICO token economics have changed also.

• massive hardcaps
• most is sold in pre-sale to big investors, leaving scraps for crowdsale
• much attention to marketing, less to working product or realistic time lines
• immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future
• no lock on pre-sale tokens, whales take their x2, x3 or x-whatever as soon as possible (I would probably have done the same). Prices drop to below ICO price.
• too many ICO's without distinctive differences.
• too many ICO's in general
• too much tokens reserved for team/marketing
• many ICO's don't even have a crowdsale anymore (which perhaps is a good thing as the little investors are protected this way)
• ICO prizes are quite high. 1eth = 1000/4000 tokens is pretty common, but with a hc of 40 million, this will not easily go x10 or more.

I was 'unlucky' to miss out on a few ICO's besides the ones I was able to participate in. Afterwards I am glad, since I was able to pick most up at a fraction of the ICO price.

Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem. Some may seem like a fantastic solution, but often it is marketing combined with a strong team, and not so much a great working product.

And who am I? I am definitely a nobody , but still wanted to share my experiences and perhaps save people from thinking of getting on board of the next x100 ICO

p.s. when a Telegram has over 20k subscribers all screaming 'when lambo' with endless rows of animated gifs, you may also wonder if this is a serious block chain solution which will revolutionize 'x'

Well, that's really a decent point. But in this situation the most deciding factor is whether the person IS crypto-believer or not; my friends are like 50%-50%, half left ICOs, half still investing.

[palle11]

What I will definitely avoid is sending my bitcoin to the account. Most times you can't just predict these icos, they make it difficult to buy, either intentionally crashing their sites and never leasing your money in peace.

[Omega Weapon]

I agree. There are a lot of ICO's coming out and it feels like the x100 thing for coins will not happen. If it did happen, the hardest thing is to spot on who's ICO you will invest. It takes a lot of research, reading whitepapers can be exhausting if you know what I mean. Still traders to continue to do this and hoping to hit the jackpot one day. One thing is for sure, coin prices will start to increase after months of holding it. But the x100 is impossilbe.

There are always going to be coins that grow up to 100 times but it is not going to be easy to spot them especially since many scammers are creating coins and each time they do it they create more and more convincing projects so it is really difficult to know which project is a scam and which is real with real developers behind it that have a real possibility of growing.

[ThunderCatSteve]

ICO are getting harder and harder now and people are being smarter to choose where to invest.
If the ICO has no physical project going on, the idea must be new to people and unique for this to be a click in the market.
If the ICO has a physical project it is easier to sell to investors and most of the time it is just a quick crowdsale that ends to sold-out.

ICO will fail instantly if they announce that one of their team members is or brother of Mr. Satoshi Nakamoto why? No one ever sees his face or if Satoshi Nakamoto is really a real name of him.

ICOs are not anymore attractive, It's been a while I haven't invested in ICOs, I wait for price to get higher in exchanges.

[JustBetweenUs]

At the start of ICOs the entire crypto market was fresh and with not that many coins, so those ICOs flourished. People started noticing the incoming money in it and later on tons of ICOs appeared just to make a quick buck and scam people, lots of people got scammed, some ICOs didn't even bothered to show up on exchanges, just took the money and went away. Others got on the exchange but lost their value instantly. And as soon as it showed up on an exchange then the developers didn't do anything with it anymore so it died off over tiem. Now there are so many ICOs that they have saturated the entire crypto market. There are so many alt coins now that you don't even know at which to look at. With over a dozen ICOs taking off almost every day, they have overkilled it. ICO's aren't worth it anymore, practicly 95% of them go bust now. You can't even get your initial investment back anymore and end up with even over 90% loss.

I also think it is much harder to make profits nowadays mainly to the largecamount of new ICOs and that reduces the chance that the individual project can get some real attention unless it is transformational and has a large community. Where do you have your numbers from, is that personal experience, do you have some examples? I do not have one case where I lost 90% but I think it also comes down to if you hold after the projects hits the exchanges or if you sell as soon you are in the green. I say typically goodbye when I made 50% plus and move on.

[royalfestus]

The cycle is now changing, there are fewer projects with ICOs funding more than 30 million $ recently. At this point am beginning to appreciate the ICO regulations from countries, not to collect personal data alone but to reduce scam while protecting investors. From the beginning of the year most projects have struggle due the general turbulence incryptocurrency. It is difficult to conclude that all the ICOs had failed in the year, I wish we could wait on the 2nd half of the year before we could rate the year's ICOs.

[lennymat86]

It's a pity that you had such a sad experience. I participated in several successful ICO's. Of course now there is a lot of scam. But there are also very strong projects. You need to be able to see the potential.

[hualangktsld841]

Fully agree with your point of view. There are not many valuable projects in ICO now. Most of the projects haven't been clearly planned. Most of them are launched for public funding. In addition, the distribution system of token primary will also damage future investors. Too many ICO will start dumping on the market, which is very bad. In fact, many ICO is a fraud.

[Omega Weapon]

ICO are getting harder and harder now and people are being smarter to choose where to invest.
If the ICO has no physical project going on, the idea must be new to people and unique for this to be a click in the market.
If the ICO has a physical project it is easier to sell to investors and most of the time it is just a quick crowdsale that ends to sold-out.

ICO will fail instantly if they announce that one of their team members is or brother of Mr. Satoshi Nakamoto why? No one ever sees his face or if Satoshi Nakamoto is really a real name of him.

ICOs are not anymore attractive, It's been a while I haven't invested in ICOs, I wait for price to get higher in exchanges.

This is something that the developers of icos will need to understand, in the past they could get huge funding by showing a white paper and a website and people were willing to invest millions in the  project right now if they want money they need to show that they have something going on for them, that they are not going to run away with the money and that they are serious and are going to develop something that works.

[DikkieD]

Don't get me wrong guys and gals. The fact that those ICO's I participated in at Q1 didn't go x2/x10/x100 or whatever, doesn't mean I don't believe in them. It simply will take a long time before they turn profitable.

I did however decide to stop with ICO's, and wait until these reach exchanges....better to judge since a lot more time has passed (and more is done for the project).

The ICO's I am disappointed in the most are Beetoken, Dether, Lala and HOQU. All four still have potential, but wow...did they tank after getting on exchanges