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/biz/ - Business & Finance

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2250377 No.2250377 [Reply] [Original]

>buy into random ICO with $10,000
>make 2-10x dumping it on the first exchange it goes onto
How possible is this?

>> No.2250382

Theoretically possible, easy to get shat on too

A lot of ICOs are scam tier now, Bitcoin suisse took bitcoins from me for an ICO 24hours ago then stopped replying

fuck my life, I'm going to jump

>> No.2250450

>>2250382
How could you get shat on though? Who would let the price go under the ICO price? Isn't it guaranteed dosh? My whole fucking life would be changed if i i could 2x this 10K.

>> No.2251006

>>2250450
since you're buying ICOs with ETH you might just lose money if you instead kept it as ETH. see icostats

>> No.2251023

If its a good ICO its guaranteed profits shortterm, there's ICOs that are complete failures and don't even raise the funds they ask for though so just throwing all your money at a random one is a dumb idea.

>> No.2251042

>>2251006
>this fucking meme
We've all seen the fucking icostats. The fact is, retard, that if you buy the ico and then sell the same day you get like 10x in a couple hours time frame.

>> No.2251043

>>2251023
I was thinking Bancor. I'll have the money ready by then.
>>2251006
I doubt ETH is going to 2-4x within a couple of weeks.

>> No.2251047

>>2250382
Dude, they're probably just under a huge backlog. I've never heard of them being a scam. I'm sure you'll get a reply eventually.

Are you from the US? They don't accept US customers, so if that's the case, you'll get refunded

>> No.2251068

>>2250377
as long as you pick the right ICOs the risk is very small that this wouldn't work out.

>> No.2251083

>>2251043
You will NOT buy the bancor ico. Why is it so hard to understand?

The ICO model is broken, only whales get to buy and control 50%+ of the supply

Buying on crowded ICOs is impossible, see BAT. Im not buying this dogshit until it hits exchanges and dips.

>> No.2251084

>>2250382
>easy to get shat on too

there's not a single ico on icostats that shows a negative roi

>> No.2251097

>>2251083
I thought they were going to try and mediate this though for Bancor.

>> No.2251190

>>2251084
icostats shows very few ICOs

>> No.2251478

>>2250382
swiss dude here, are bitcoin suisse scammers? They look legit.

>> No.2251711

>>2251097
how

>> No.2251730

>>2250377
that literally happened yesterday with BAT

>> No.2251787
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2251787

>>2251730
it was literally impossible for a random Schmock to get in on BAT.
I was there with 1000 ETH maxed out gas and clicked send as soon as the block appeared.

>> No.2251794

>>2251787
and of course, I didn't receive any BAT.

>> No.2251803

>>2251787
You need to send block n-2. It takes 1 block to schedule and 1 block to verify. It goes through in block n.