Post
Topic
Board Altcoin Discussion
Re: I F***ING HATE THE ICO MODEL
by
room237
on 30/07/2018, 19:01:31 UTC
People wonder why ICOs aren't anymore successful in 2018.

Before you get in, they promise the world.

After you buy, the whales who got in cheap dump, you find yourself at a loss, devs and mods start treating investors like shit saying things like "this is a long term project" and "we have no obligations for ICO particpants" "lrn the difference between investors and speculators", "community", "please don't talk about the token price", "greedy speculators"; etc.

Honestly - fuck this.
Not even 1% of the coming ICO is worth considering.

Looking back at 2017, there were so much rubbish and projects which never delivered ANYTHING and still racked millions with just a smart contract and a whitepaper that it is revolting.

Time for a change, the ICO model is done for.

I think that the ico crazy is slowly dying out. Too many scams, and trash out there. And once it hits the market, it gets dumped hard.

If you are interested in an ico, wait for it to hit the market and buy once it dumps.

I agree with the buy after it dumps method of investing in ICO's.  I have only participated in one ICO (when I first started) and I won't be doing it again.  I also bounty hunt on the projects I like to get some cheaper coins for DCA purposes.