When investing in ICOs, are there times when you invest for a high ROI but don't really care for the cause behind the project? Or do you only invest when you believe the project has a strong use case and feel personally attached?
I am new to BitcoinTalk but I am not new to investing. With all my investments, my criteria is whether I believe in the idea and whether it is something the world needs. In other words, if I don't feel personally invested in the idea, then I won't be investing my money.
For example, there is a new project called
Protex and I invested in their pre-sale because I believe they are going to solve a major issue the entire world has. They are a data security company that will give the power of data back to the users instead of large corporations. All while essentially eliminate data breaches. With a platform that will positively affect everyday of my life, it is easy to be invested in them.
But I want to know your thoughts! In it just for the money?
I am with you. In fact, I've been into airdrops (free tokens/coins) for the past few weeks after learning about these ICOs, and I've never bought any pre-sale tokens and coins in my life. And if ever I'm going to buy any new tokens/coins, the first thing that I will look at is their whitepaper. Even if it's airdrop, I always look at their whitepaper and fin out the problem they want to solve, and their solution. Other airdrops that do not have any whitepaper or clear objectives is honestly an automatic NO for me even if it's free. That's because in the future, people won't stay on supporting this project and it will eventually disappear in the market because it is not used properly.
One example of the airdrops that I joined which I think is (and should be) a success is the authorship (ATS) which which aims to help authors and writers publish their books with the use of its flatform.
I also believe that the people are a part of the success of any ICO/project. The only difference maker is that how people understand the objective of an ICO/project, and I hope they should really understand the purpose. I hope people will stop the "MONEY ONLY" mentality that makes the supposedly USEFUL project USELESS.