Recently I saw lots of people announcing new altcoins. They're planning to launch ICO soon. But I was wondering if we should invest in ICO with proven business which will reduce the risk of our investment or go big with ICO project that we believe in but it starts from zero?
The trend of ICO is everywhere and lots of SCAMS is happening. Therefore, viewing ICO from risk management perspective is also important. What do you guys think?
"Price is what you pay. Value is what you get." - Warren Buffett
You should probably diversify your portfolio to emcompass some ICOs which have a proven business model and a working product, and others that are promising but do not yet have anything tangible on offer that can be used.
The risk of investing in vaporware is extremely high, but can be rewarding.
E.g. EOS i believe is something that has a clear roadmap, but its software probably isn't ready just yet and main net launch is still some time away. But I would still invest in them. But Enjin coin etc. even though they've got an established business, the upside is small and i would not personally invest in them.