[dtube] Vitalik Buterin: "90% of ICOs will FAIL". Really?
Comments made by Vitalik Buterin have been hitting the headlines lately after he said that 90% of all token projects launching on the Ethereum platform would ultimately fail to provide any returns for investors.
But is this an accurate statement? That's what I'll be addressing in this video.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
***I am in the process of adding many of my videos from YouTube on to DTube. Apologies for any posts that you've already seen before!
Original date of upload: November 2nd 2017
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I always said at least 90% of ICO’s will fail or willhave zero return for investors. You just have to be well informed, educated about specific ICO you invest in and of course diversified.
Information is not enough, a lot of these ICO's are based on speculations and its not just enough, the main clauses are what Vitalik mentioned in his interview, and i fear they werent taken deeply into consideration, hence Vitaliks statement
There are few thing I try to get informed about specific ICO. For example, why are they doing this? If it’s simply to provide a return on an investment, then buyer beware. If they lay out a clear vision where the value proposition is easily understood this would be a good sign. What has the team executed on in the past, together? It should first and foremost be technology related. You should be able to quickly look this up on the net. How much crypto are they offering to the public? Gauging demand for a crypto is key. Not everyone is going to want to take a position in it...
It us no secret that from the almost 1600 cryptos lots if them are just frauds. I wouldn’t be surprised if that statement comes true eventually
A year back there were not even half
I’ve heard that already a few times. On one hand it’s scary. On the other hand this is called unregulated and decentralized market right? You just have to do your homework if you invest in one of those, or if you like to gamble, just buy a bit of I’ll of them lol
If you judge "success" by gains down purely to short term speculation then the figure is probably a lot lower . If this is the case then be aware that you are backing a pump and dump and get out a.s.a.p. In the real world most startups in mature markets such as software, biotech and electronics fail. They fail for a number of reasons ; because they miss milestones, a better technology comes along, the product fails, they run out of money,or they are just unlucky. By contrast crypto is a very immature market with as yet few working products and plenty of "dodgy" ICOs and coins.Consequently I think that the attrition rate will be huge and I sincerely think Andreas's prediction is nearer the truth.
When i first saw that headline, i was skeptical, but if the landlord of ETH says so then...uhmm...
I think Vitalik is right, there are many shitcoins today. Cryptocurrencies are being created for anything and in addition many ICOs are scams.
It seems to me that in the future only will survive cryptocurrencies that fulfill certain useful functions efficiently, the rest should disappear, maybe that will be positive for the market.
I think that on the long road he might be right(like the dotcom bubble), but in the short term people can get profit from good ICOs if they DTOR.
Some may have benefits, but others will also lose money. Mainly because ICOs are generally long-term investments
inserting a photo of Alejandro eating a cookie hahahaHi friend, yes, obviously no all ICOs generate fast benefits, but some of them could, for example the Telegram ICO has a lot of potential to pump.
The telegram ICO has something suspicious, the first sales were private and in the public sales the price of the token will be higher than the initial one. As soon as the token enter in an exchange, the first investors can dump the price by selling their tokens because they would already be earning a lot.
Can either of you please state any ICO that has earned him/her or a friend profit? I see money being lost, not sure about you
Wings
thanks
He's probably right. Maybe 95% of IPOs during the dotcom bubble weren't profitable, but the 5% that were, were hugely profitable. Buy quality.
Mimics the stats of start ups it seems. 90% fail in the first year, another 90% within five years or something like that.