Do people like investing in ICOs or would they want someone to do it for them?

NoiseBoy

sr. member

Activity: 266

Merit: 250

Sound. Fury. Signifying.

Can I just answer, "Yes?" Wink

Doing my own research for ICOs used to be a pleasurable and profitable use of my time. Lately though, there's just too much going on, so I've tried to find ways to outsource the work. Step one is just owning ICN, as their Pinta fund is a major vehicle for ICO analysis and investment. Step two is getting a priority pass from Cofound.it and investing in any of their projects that come available.

I still do some of my own research, but I've narrowed down my scope to gaming & gambling projects since that's something I know pretty well, and for which there will always be a market.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Quote from: JustinCase42 on October 28, 2017, 07:53:50 PM

I think this industry will need to get way more mature before that becomes a realistic option.
Too many scammers and fuzzy laws right now.

I do no think that even if bitcoin was mature enough this could be a good idea, the whole point of bitcoin is to be your own bank and to not depend on a third party for anything, giving up control of your coins is a terrible idea, this is why even depositing money in exchanges is a bad idea because they could disappear overnight and that has happened several times already.

hello_good_sir

hero member

Activity: 1008

Merit: 531

Quote from: blockchainvault on October 28, 2017, 07:50:02 PM

Just curious!
I enjoy investing but having a more knowledge person manage my money might be beneficial.

Why would you get someone else to invest in ICOs for you?

For one you're missing out on all the fun that ICO investing has. You feel accomplished when you actually profit from your own trading. Secondly, that person is probably going to biased and you're not investing in what you actually believe in, which could eventually actually result in a lesser profit.

UNless you want to invest in ICOs and you're in China, and you need somenoe as a proxy to invest for you.

AyaYotoko

full member

Activity: 183

Merit: 100

It's better to manage your own investment. That is why cryptocurrency are very popular with us because of the fact that we hold our OWN money and investments.
So I think most people here would really choose to invest/hold their own money.

QFT

sr. member

Activity: 476

Merit: 250

I rather do it myself, why would someone else be able to do better research than you yourself would be able to do?

Rufsilf

sr. member

Activity: 1778

Merit: 309

People like investing in ICOs and at the same time they are lazy so they want someone to do it for them. Most of the times, i see my friends who are ICO investors that are just researching about the opinion of others and if the person is a famous one that is discussing about the ICO and if they will see that the person who is discussing is telling good things about the ICO then they will invest their money because they believe on that person and that is so lazy for me.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Quote from: blockchainvault on October 28, 2017, 07:50:02 PM

Just curious!
I enjoy investing but having a more knowledge person manage my money might be beneficial.

Forget about it, due to the nature of cryptocurrencies you are going to have to trust the person that manages your portfolio, I will no doubt that at some point scams like that are going to appear and then people are going to complain that they lost their coins, find ways to make money yourself and never give control of your coins to anyone or you are going to eventually regret it.

Argoo

sr. member

Activity: 2352

Merit: 245

As far as I know, now very many invest in ICO. At the same time, they know that this is risky, but they are at risk. Sometimes the risk is justified and sometimes not. This, it turns out, is a kind of gambling game.
Now, more and more states are considering the possibility of regulating the process of issuing initial coins specifically for the purpose of reducing risk and protecting the rights of investors. So in the future such risks will decrease and participation in the ICO will become more secure.

Athreos

jr. member

Activity: 56

Merit: 10

I agree with the above posters. The market is too immature and there are too many scams going on right now. I would say to wait for the market to be more heavily regulated, so you could at least have some legal recourse.

didzi

sr. member

Activity: 1092

Merit: 250

Hodlers Network

better you manage your own money if you didn't want to lose your money
learn more about ICO and everything about a good project so you can be more carefully to invest in ICO

JustinCase42

newbie

Activity: 28

Merit: 0

I think this industry will need to get way more mature before that becomes a realistic option.
Too many scammers and fuzzy laws right now.

blockchainvault

newbie

Activity: 40

Merit: 0

Just curious!
I enjoy investing but having a more knowledge person manage my money might be beneficial.

Topic: Do people like investing in ICOs or would they want someone to do it for them? (Read 276 times)