Post
Topic
Board Altcoin Discussion
Re: Recently I've taken a liking to ICO's. So I've decided to share my results.
by
rudito
on 27/01/2018, 15:07:44 UTC
EDIT: Investing in ICO are HIGHLY RISKY.
I'm not trying to encourage anyone else to invest in ICO's.
Please research for yourself and make your own decision.
I am currently only investing what I've gained in cryptocurrency.
I would never risk gambling what I can't afford to lose. And you shouldn't either.


The year is 2018, and I believe this will be the biggest year so far for cryptocurrency and blockchain technology.
Bitcoin, Ethereum and other altcoins are getting exposure like never seen before.
A lot of people want to jump on the bandwagon, a lot of companies and people want to adopt this technology.

That's why I strongly believe that the good ICO's of 2018 will bring fortunes for many people.
And so starts my experiment. I will invest in a series of ICO's and post my results here.
My plan is to HODL for as long as I can handle. I might cash out earlier than planned if there's a huge gain.

I will update this thread of my returns on each and every ICO.
Below you will find my current status.
(Eth rate = Ethereum/USD rate at the time of investing)

----------------------------------------------------------------------------------------------------

Invested

Adbank 2 Eth [Eth rate = $1,448] (60,000 ADB)
Status: Hardcap reached. Waiting for tokens.
Invested: $2,896

HOQU 2.7 Eth [Eth rate = $1,075] (15,075 HQX)
Status: Hardcap reached. Waiting for tokens.
Invested: $2,903

FortKnoxster 1 Eth [Eth rate = $1,295] (6,799 FKX)
Status: Hardcap reached. Waiting for tokens.
Invested: $1,295

----------------------------------------------------------------------------------------------------

Planning to invest

Dadi [1-3 Eth] ICO launch: Jan 29th.

----------------------------------------------------------------------------------------------------

Not sure, maybe investing

LiveStars ICO launch: LIVE.

Lympo ICO launch: LIVE.

Medicalchain ICO launch: Feb 1st.

Current ICO launch: Feb 7th.

Nucleus Vision ICO launch: TBA.

----------------------------------------------------------------------------------------------------

Decided to NOT invest

Gems - My reason: Less than a week ahead of sale they announced they are only selling 25% of the total supply in the ICO.
Also, they ICO will be going with a Dutch auction model, which means the hard-cap will essentially be decided by how fast the tokens sell out.
This, combined with the huge amount of investors will mean that the initial market-cap will probably be very huge.
What prevents the team from not selling some of their 75% tokens if they could earn hundreds of millions of dollars in doing so?
This would push the price per token to below ICO price most likely.
All companies essentially want money in the end, that's the purpose of starting a company.
I wouldn't trust Gems to be 100% faithful. We ARE talking about random people on the internet. Not everyone is a saint.


Arcblock My reason: After more research I felt that I had to abandon this ICO. They claim partnerships which they don't have,
numerous people getting kicked from telegram after asking legit questions. Very small team, no media links, just icons on website.
Also, they claim to be blockchain 3.0, but they don't actually have a product, and will sell ERC-20 tokens.
Which you will be able to trade against the real product later. There's too many things that could go wrong with that.


----------------------------------------------------------------------------------------------------

What do you guys think of this?
Have I made any good choices? Any bad choices?
Have a tip on an ICO that I should invest in?

I too, I have participated in several ICOs and I have benefited from it. For me ICO becomes a very profitable alternative work.