Post
Topic
Board Altcoin Discussion
Re: Why do you participate in crowdfunding?
by
justspare
on 01/02/2019, 09:23:02 UTC
The main idea of crowdfunding is for investors to pull their monies together to support the launching of a project. Unfortunately people join ICOs as traders not investors so the moment the coin is being listed, they quickly dump them without even waiting for the project to launch any of their products, destroying the price of the coin. Now these same people will come and create a thread here that ICOs are dead. In fact crypto is not dead, we are actually killing it.

Is your main idea to support the project or just to make profit from the bonuses and go your way?
You definitely got points to enlighten many people here but unfortunately I am not sure how many people will be making use of this discussion. Because, most people here are just focusing on making momentary money rather than looking for long-term sustaining benefits. This is the reason they are simply participating into any ICO and when tokens are getting listed in exchanges, they are simply dumping and then moving on. Literally they are killing of the concept of crowdfunding.

I believe if people here will be taking time to analyse the potential of a project then definitely they will not dump on listing. They do not take time to analyse the projects hence they are not waiting for projects to grow to get them the maximum benefits.

Crypto investors are missing out both finding good projects and making use of them for long term term with maximum benefits but making the whole ICO industry suffering just due to their ignorance on how to make use of the real meaning of crowdfunding. I guess proper education on awareness may bring good changes.