Try to take part in several ICOs spreading the budget. Some of them may be scam, some wont bring any profit,
others will show good results. Also try to take part in global projects, with experienced team and good reviews
Topic: ICO Invstement - page 2. (Read 204 times)
Read this if you want to invest in ICOs:
https://www.investopedia.com/news/80-icos-are-scams-report/
Apart from the headline that says 80% of ICOs are scams, the study also says that only 8% of them are listed in exchanges. Around half of that 8% apparently weren't even doing well despite being listed.
My thoughts for ICOs is that people should generally stay away, and should keep an eye out for projects that want to use the blockchain just for the sake of using it. Investing in them means acknowledging that you're very likely throwing your money away.
https://www.investopedia.com/news/80-icos-are-scams-report/
Apart from the headline that says 80% of ICOs are scams, the study also says that only 8% of them are listed in exchanges. Around half of that 8% apparently weren't even doing well despite being listed.
My thoughts for ICOs is that people should generally stay away, and should keep an eye out for projects that want to use the blockchain just for the sake of using it. Investing in them means acknowledging that you're very likely throwing your money away.
I normally participate in ICOs that have hype. For me hype is more important than any other factors because of my personal goal.
This is the unfortunate truth. Hype usually generates the price spikes which people profit from, and generally hype is falsely generated by spammers advertising for the project or paid bumping services. Sometimes it doesn't even matter who is behind the project or what the ICO offers. Of course, these aren't viable long term projects as the hype generally dies down.
A lot of the ICOs are Scam, but there are successful ICOs and people make profit from them.
Most people don't profit from ICOs.
But the ICOs that have the best chance are those that:
- Have a viable business plan that appeals to people who aren't interest in cryptocurrency
- Have a lower number of planned tokens available (smaller supply equals greater scarcity)
- Have an exchange, not related to the ICO firm, that supports the token (if you can't trade the token, you can't profit from it)
I normally participate in ICOs that have hype. For me hype is more important than any other factors because of my personal goal. Since my goal is to only double my investment, hyped ICOs tend to achieve this goal of mine in the shortest possible time. Other factors are the team, project vision/goal, road map. But this is just me. Others might have different strategies for their own goals.
A lot of the ICOs are Scam, but there are successful ICOs and people make profit from them.If you already take a part of ICO no matter scam or profitable you can share your experience here, also your thoughts for invesment in ICO, which and why?..
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