Post
Topic
Board Altcoin Discussion
Re: Question about ICO's
by
Blackcloud
on 19/11/2017, 16:05:57 UTC
1.  Okay so i have questions on those examples i listed.  When waves and shift was going to offer their ICO, how long ago do they post a thread/announcement about it?  How long usually is there for people to think before investing in it?  Like for example if they post this waves or shift ico is coming out, typically how long do customers get before buying it such as okay you can no longer buy it anymore?  Also do certain icos get people buying it very quickly?  Such as when this ico announcement is out, you might not be able to get in on as it as soon as they post?  Or that is not possible?   But just to make sure of this, that ico needs x amount of money before the they release the coins right?  Or not?  Also typically on average what is the total price of the total coins of an ICO for customers to buy?  Like could an ICO be worth only 10k worth of shares if each each is like 0.0001 cents etc?


2.  Now this is what im curious about.  When waves and shift did their ico, when investors bought into it, how long did it take before they got their waves and shift?  Also i heard many icos are scams.  So basically by that you mean you invest in an ICO lets just say like shift.  But they could not give you any shift and just take your money.. is that correct?  Is that what is mean by an ico scam or not?  And if so, how often does this occur and is this common?  Or do they scam you another way?  That is what i thought the scam is. 


3.  The other thing i thought of is ... is ICO like people investing in funds so a coin could happen?  Like crowdfunding?  Such as they need x amount of money in order for the project to work?  But what if it doesn't hit that target number?  Do you just wait until it hits that target number?  Or do they cancel it if they don't hit it?  Do they take your moeny if they don't hit it?  Or are all the coins already there and this is basically you wanting a piece of those shares before they come out?


4.  Now let say you don't take part in an ICO as most don't and i read people say don't do it as most are scams or something similar.  Now let say you saw waves and shift ICO but did not take part in it.  How soon after they release the coins to the people who invested in it... can you buy those coins yourself?  For example, how long did it take before ico investors of waves and shift came out where you could buy some on bittrex?  And does it depend on the success of the coin?  Like how does a coin even hit bittrex since its a top exchange?  Like when waves came out, it was around 20 cents or so when i check the history.  How long after waves came out to ico investors could i buy waves on bittrex?  Or could i buy waves through say their website?  Or it does not work that way?


5.  And investing in ico is generally very risky right?  First being they could scam you and not give you coins?  Or its fake from the beginning and they making everything up?  Or they can't do that?  However, the benefit of ICO is you could get a coin that is say 20 cents but right before it hits bittrex, what would be the price of it?  I mean could a coin that is sold at ico for 20 cents each be 1 dollar already right before its posted on bittrex?  However that isn't possible right since no trading can be done before it gets put on an exchange?


6.  Because what i like to know is how these coins that are 20 cents and 1 cent... how soon would i be able to get them on bittrex if i didn't invest in the ico since most don't. 


7.  And how soon can we know if an ico is successful early?  For example say a coin comes out and its 25 cents.  It goes up to 1.25 for example.  I know you can check it on coinmarketcap but do threads about a certain coin booming right after its posted on bittrex get posted much in the altcoin discussion/speculation forum?  Because that is usually how i found out about certain altcoins.


5. Investing in ICOs is not risky if you do a lot of due diligence. For example, most companies will have a soft cap and when they don't reach it, your money will be returned. For the validity of the project, look at the team and see if there is any prototype/ alpha version so you know they don't make up everything. For example, at Geopin, we are launching our alpha version of the product soon to bring up more credibility to the project. 
6. It depends on how they negotiate with exchanges
7. Follow subreddit and twitter of tokens you are interested in would be the best way to get the most recent news and see the community discussion.