Quote from: NJB18 on July 29, 2017, 07:19:28 AM

Quote from: ContrivedShark on July 28, 2017, 12:00:08 PM

This year we have seen hundreds of new ICOs flood the market.
White papers & Road Maps for the project are being created. Investors are then pumping in millions of USD for their tokens due to the hype and greed.

Alot of these ICOs are teams of a few developers. How much money do they need to get started? Previously such company's would start of with several thousands worth of investment.
If the company was a good project and had the passion to succeed it would make it. A high percentage would of course fail.

A lot of these ICOs will not deliver on their promises. The road map goals will not be met.

QRL is one recent example. Development goals were not met and one of the developers left the company dumping a lot of coins on Bittrex.

When more and more projects fail to meet goals the bubble will pop.

And I seriously hope it will pop very soon. There are just too many of them. I think they are using ICOs as milking cows for them to pocket more and more money while leaving those who were easily beguiled with tears in their eyes and regrets. ICO is a great mechanism actually but it needs some regulations. There is non-stop ICOs right now. It is not healthy to the crypto environment anymore.

True, going back on the past i do see ICO which do pop out on a very rare rate on which investors are still striving to go in because there are only few iCOs out there which it can easily be filled up the certain hard capped and reach it in no time but now it seems they do already make it as the main hype on making money which Icos are now everywhere,launching for a couple of weeks or even days which would really make hesitations and confusions for potential investor on which project they would choose. Hard to identify which is legit or not and which do have potential or just a total trash.