This board amazes me sometimes.
All the hyped ICOs are killing people - Bancor, Monaco etc and there is no self reflection.
People need to change the way they participate in projects.
All the rubbish needs to be shunned.
Sectors need to be chosen carefully, and projects thereafter.
REAL energy projects (i.e. NOT asset managers such as wepower, and NOT the pure solar/other renewable energy investment rubbish where crypto is just "added" to the process as a marketing tool) should be favoured, such as Grid+ and Prosume Energy.
Stop following people who have proven themselves useless.
All the hyped ICOs are killing people - Bancor, Monaco etc and there is no self reflection.
People need to change the way they participate in projects.
All the rubbish needs to be shunned.
Sectors need to be chosen carefully, and projects thereafter.
REAL energy projects (i.e. NOT asset managers such as wepower, and NOT the pure solar/other renewable energy investment rubbish where crypto is just "added" to the process as a marketing tool) should be favoured, such as Grid+ and Prosume Energy.
Stop following people who have proven themselves useless.
You sound like all knowing. CRYPTO in general is all speculation (yes even BTC). It is a form of a gamble and very unpredictable. In everything, there are winners and losers. Not everyone can be winners...sorry but that is real life.
You claim Bancor and Monaco are bad coins...while I don't own both, I disagree with you. You might end up eating your words a few months from now based on these two alone.
Good projects sometimes tank, bad projects sometimes become hits...it is what it is and if it is easy to predict, everyone will make the right call and NO ONE will make money as they do in crypto world. It is a double edged sword...cuts both way. You need losers to win.
I am not at all all knowing. Far from it.
However, as any investment form matures it moves from gambling to seriousness (or dies).
Clearly, most of the hyped ICOs do not have even a chance of making it since they have teams and set ups that are far from good.
Since there is maturation process going on, I want people to be aware of the change in the ICO landscape - and be aware of oversupplied tokens etc.
There are very few real projects out there, and yes they may fail as well, but considering the losses since the altcoin high a while back, people need to adapt.
That is my point.
Most of the major loss are due to the numerous BTC forks...not by any means the fault of ICOs. Most coins suffered tremendously.
This time is a BAD if not THE WORST time frame to use as reference for a coin's performance. Personally, I bought the biggest losers (out of what I believe are good coins). Instead of bad mouthing them, I see the big dips as OPPORTUNITIES. The eventual losers are the ones who panic and sold low. They are ones who need to learn and adapt. JMHO
BTW, for the record, I am a proponents of ICO regulation because I believe that 90%+ of current ICOs are scams.
My point is that looking at something like Monaco that went up 600% and found buyers at those levels - and it was assumed such moves were "normal" - they have been practically wiped out. That together with the ICOs that never really had a rally to start with. Clearly it was wrong for many ICOs to raise as much money as they did, and for some to rally as hard as they did.
Now with an even bigger amount of ICOs out there, the percentage of survivals will drop hard - and it is even more vital to choose the right ones.
And the hyped ones have caused the largest losses, by default.
And I completely agree about eventual regulation - right now one needs to choose more wisely oneself.
Aren't you contradicting your original post with this?
