ICO Chaos

jaka87 (51)in #cryptocurrency • 7 years ago

A lot of things have happened in last few weeks. Cryptocurrencies went up and down like crazy because of China banning ICOs. Some non China based ICOs even got postponed just to figure things out. Im talking about Hong Kong's Redpulse and Singapure's Wanchain. I was bullish on both of them and still am.

Source: Cointelegraph

I also missed out on couple of ICO. Monetha was the first. It sold out in 18 minutes. The problem was that the whole ether network was congested and I was not able to make a transaction for quite some time. The same problem happened with Aventus. I was to late to enter whitelist so I had to wait for a day, and then it sold out in like 5 minutes. I later figured out that myetherwallet can use different nodes. Im assuming the problem is that all are using main one causing lag. I'm jet to determinate if using other node would help or not.

I invested in some small ICO to. One is Agrello which still didn't manage to transfer us our coins. It will be interesting how the price of real coin will compare to IOU that is currently on market with quite high price of 14$ which would make it around 2000% more than ICO price. I also invested in Propy and Real both real estate coins.

As for the future I'm looking at Enigma. In past I decided to pass on them and then came around even thou they got hacked. Actually I was very bullish on them and was planing to invest 80% of my ICO funds in them. Well they recently increase their market cap for 50% which is a big no no. I'll probably still invest but not much. The other ICO's that I'm looking foward are previously mentioned Redpulse and Wanchain. I would also like to invest in KyberNetwork but I'm not on their whitelist. I'll probably go for Chainlink also, and maybe Cindicator.

Im curious if you guys are looking at ICO's and which ones?

7 years ago in #cryptocurrency by jaka87 (51)

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joshtristram (51) 7 years ago

Wow, great post!

I saw an ICO for a coin that was also tech insurance. So if your phone broke you used the coins to get a new one. The idea was WAY out there but you never know in five years everyone might have it. If you're wondering why I never said they name its coz I don't know it and can't seem to find it. But as I said in a few years it might be a household name.

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jaka87 (51) 7 years ago

I'm glad you like it. I think I know which one you are talking about, but don't remember the name ether. I think it was mentioned in one of @boxmining videos. What make me pass on them was the current limitations. In order to create contract the tech's performance should be measurable by computer. I cant think of a lot of things that would do that. Maybe phone battery. When investing in ICO's i look at two things. Ether there is a lot of hype behind them -> short term gain, or they have really good idea -> long term. Recent video from @ianbalina made me rethink. His argument was don't look ad the idea to much but rather focus if it makes sense to invest from financial standpoint, if they have good team and community. Which kind of make sense. I would for example never invest in Airbnb. Who would let strangers into their own home. As it turns out a lot of people.

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wekkel (51) 7 years ago

I must confess that none of the ICOs mentioned in the article say anything to me. I clearly must be behind in knowing what is going on in the ICO market. Probably, my interest goes to the more known and established (ICO'd) projects.

A lot of these ICO's won't render the desired results, but it builds knowledge and infrastructure. Failing is part of the game and you only need 1 or 2 that do excellent and 2-4 that do great to have an excellent return.

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jaka87 (51) 7 years ago

I agree 1000%. I believe that in long term more than 90% of ICOs will fail. That's why my goal is to take out the initial deposit when profit is made and just leave the rest for few years. Im just hoping that in that bunch that will be lying around there might be next NEO or Ethereum.

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