[pov] What ICOs are doing to blockchain
View this post on Ecency: [pov] What ICOs are doing to blockchain
7 years ago in #icos by good-karma (76)
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@GOOD-Karma... Thank You for bringing up & sharing this topic...
It certainly would seem that BlockChain Technology is improving with incredible, innovative ideas/concepts that are being driven by both money AND competition, which imho is VERY Good for a healthy, growing, relatively Young industry... where we are literally witnessing so Much innovation almost on a daily basis... that the FUTURE looks Very Bright... InDeed !!
So Bright (( as the song goes )) that we're gonna have to wear shades !!
But on a more serious note... when we look back 5 Years & NOW witness all the incredible innovations that are currently here today... AND then if we just Look FORWARD 5 Years... oh my Gosh... the World is literally transforming at LIGHT SPEED...
AND, if it was not for the intentional creation of FEAR/FUD by the"Dark Side". sometimes known as the Central Bankers/Old Paradigm... well, You see where I'm going here...
But of course, as with any new innovation, there is the normal or previous adoption rates that could sometimes take 15 to 20 years or longer, if we go back prior to 1900... now however, with almost instant global communication, adoption rates are going FASTER & FASTER... with INNOVATION seemingly growing at EXPONENTIAL Rates !!
Please READ today's news release by the EOS Team led by @Dan, the CTO... and witness for Yourself how quickly the crypto currency markets are moving... AND again, imho, it is only going to accelerate Faster as we progress into 2018 !!
https://steemit.com/eos/@eosio/the-dawn-of-eos-io
AGAIN... Thank You GOOD Karma for such a stimulating question... ReSTEEMed !!
Hope You're having a Good Weekend !!
Cheers !!
I somewhat agree. ICOs are great for testing new blockchain tech. However many ICOs are fraudulent. So its not a win win.
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Waoo! It is amazing analysis! Where can i access the data, ehich makes a category of the coin??
Thanks for sharing!
Thank you @good-karma for this interesting article.
For me, those times resemble the dotcom bubble so much!
An interesting article about how adoption might unfold is found here: https://hbr.org/2017/01/the-truth-about-blockchain
I don't want to ask you to take the time to help me understand how this works but not sure where else to learn.
Am I right in thinking being involved in an ico is very similar to buying shares but the share you buy becomes a tradable coin rather than a traditional share with a value.
Does money change hands because you start to buy the coins. And the value grows because people become prepared to buy a coin for more?
It's complex.
I'm guessing the business raises revenue because their coin value rises and they kept a certain number themselves?
I'm Agree
there are only some ico that worth the time to invest. i think there are too much ico out there, everyday 2-5 different ico..c'mon!
ICO or any prelaunch token are unpredictable.
Its depend on their backbone and their supply and demand..anyway good info @good-karma
ICO or How to loose money very quickly !
Hahaha are you kidding me? I triple my money this summer investing in ICO's: Distric0x, 0x, Coindash,Tierion... If you know how to analyze an ICO, then is the best way to invest.
Awesome article @good-karma! ICO's are changing the model to invest and fund startups ^^
😀 You are right, that's flip side...
my thoughts exactly @killuminati @evelyniroh - it's totally possible to make money with ICO's but IMHO that's more gambling than investing... there are more and more ICO's released every day now, many of them will either drop or have a very brief pump before dumping... meaning that you'd have to time your sale perfectly before you lose money. It's tough as well since most ICO's aren't available on the main exchanges, so it'll involve setting up a new account somewhere then transferring your coins there to trade. You may be able to tell I've tried this a few times. Lost a bit of money the first time, then the second I would've lost but luckily I forgot about it and ended up "holding" til I broke even.
To conclude I wouldn't discourage you completely from a new coin if you think it has potential but since there's often a dump in the beginning, it's smarter to wait a few weeks or even a few months until it's at a low enough level where you can pick up the coins at a good price. This idea was also advocated by @jerrybanfield :)
emmm Good
Lol.. How to loose money quickly? AM scared of ICOs now with that statement. Nice post @good-karma. I wish all investing on ICOs dont regrate it. Resteemed
Do your homework, read the whitepaper, check out the dev team, click on the links, if it looks fake then as a rule it is fake, read the dev teams posts if it looks like it is jibberish then its likely they are just adding posts to make it look real. HODLing to the moon
Yep. Hodling :-)
Thank for sharing this amazing info @good-karma
👏🏼😁👍🏼
It is definitely the year of the ICO, we have always had ICOs but now with the ETH platform and the ease at which someone can create a token it has ballooned.
With the crowdfunding sites like Kickstarter a success would be to raise a few hundred thousand, in the crypto world a few million raised seems to be the norm.
I agree we are lucky to be aware and involved in crypto at this time and if you are able to find the right project it could change your life, not in the short term and I think this is the trap for a lot of people, they want to get rich quick through an ICO but I think if the project is worth it's salt it will take time to achieve it's peak.
The trick is to hodl and not panic with you investment.
Exciting times for sure.