Post
Topic
Board Altcoin Discussion
Re: I F***ING HATE THE ICO MODEL
by
btc_angela
on 20/11/2018, 23:33:59 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.

Well I hope you know that joining ICO is really a gamble. 2017 was different though, because we all know that investors, speculators are not that mature but 2018 was a real test for everyone. The bear season started, ICO's fall from grace, bounty participants not getting enough stakes and of course the price is no longer closer to the projected ICO price because investors dump it hard before bounty hunters got their tokens. And majority of them are scams anyways, so its really hard to make money this year specially joining bounties.