https://www.newsbtc.com/2018/03/18/ico-tokens-already-trading-below/
Unfortunately, the sad truth is that, despite being absolutely terrible projects, they do trade well and people seem to be blindly purchasing tokens. I have seen so many times how investors don't even read the whitepaper "because it is too long" and their acquisition is based on paid shills and good marketing .
I have seen many individuals not think realistically about the potential of certain projects. "They will disrupt an entire market" my ass! I believe a person must not dream about huge gains and realistically set price limits for his / her coins. For example, I do participate in quite a few ICOs by providing translations. Despite that, I barely imagine half of them actually being worth anything. Unfortunately, many are delusional and dream about dem lambos on tha moon.
It is sad to go over on https://bitcointalk.org/ and look at the Altcoins Announcement section. Some good projects, some not-so-good, others concealed scams and even straightforward scams. I am not sure how things will continue to evolve (or devolve) because it is so easy to start a scam project. I don't think you need more than a couple thousands to have a decent website and pay someone to write a good (but vaporwave) whitepaper for you. I could do it and you could probably do it too.
I have specifically begun writing articles about these scam projects in order to, I don't know, at least get some enjoyment from their existence. Projects like NeckCoin or Bitheum are absolutely unbelievable. And what is worse, the NeckCoin one has already raised $10,000 within a week from its ICO launch.
What is the solution? Writing articles and raising awareness does not guarantee a positive outcome. People uneducated regarding cryptocurrencies don't hang out on https://steemit.com, they check for Bounty Programs with the highest payout despite the projects future, they hunt airdrops and invest in whatever projects praise higher ROIs. I think I may have answered the question myself. Education is needed to teach people the good and the bad, the DOs and the DON'Ts. I wonder if this will ever be achieved.
Time for this rant to go away. Got more important things to worry about than some people losing money due to terrible hindsight.
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