Topic: Investing Smartly in ICOs - page 2. (Read 232 times)
I think all token based icos should be regulated by some authorities as they are proving to defame the market due to easy creation and scamming after raising funds, there should be some checks and registration process for the icos just to avoid the fraud that have recently seen often.
I want to add more aspects. Such ICO tokens must be developed on blockchain, otherwise they shouldn't be considered cryptocurrency. Also, do they really need blockchain technology, or just other traditional ones can solve the problem?
Investing in ICOs is known to be more than a gamble, than an investment. However, even if it is considered to be a game of chance, you cannot just throw money and invest in different ICOs randomly. Before investing, it is important to look at three aspects of an ICO; understanding of an ICOs value, the team behind the company, and the interest of people in it. In addition, it is also important to make sure that the people behind the company are real people. Knowing their background and where they are located would be helpful as well. Moreover, hype regarding their ICO drops should also be taken into account, and as well as the number of people who follow them in different social media platforms. Lastly, it is also helpful to scan their white paper for more information and to be able to gain understanding on what they want to build.
I think the above information is useful to the crypto investor community however one very important you also need to consider when choosing an ICO is the project whitepaper. It's from the project whitepaper content that you get a detailed information about the ICO.
Knowing the whitepaper is important but it should not be your sole basis. A whitepaper may easily be created even if it has no substance and the ICO was made just as a hoax. The whitepaper is not the sole determiner of the success of the project but it should give you an overview of its concept.
Many have been experiencing trouble in choosing an ICO to invest in since there are many scams these days. Investors should be diligent enough to do their own research.
Very useful information but I would want to emphasize
Dyor
Which entails doing every proper research regarding any project
After which as a crypto earner, decide to be one, two or more of these three things
1. Be a trader
2. Be an investor
3. Be a hodler
You must be one of the three to survive this crypto space
Dyor
Which entails doing every proper research regarding any project
After which as a crypto earner, decide to be one, two or more of these three things
1. Be a trader
2. Be an investor
3. Be a hodler
You must be one of the three to survive this crypto space
Investing in ICOs is known to be more than a gamble, than an investment. However, even if it is considered to be a game of chance, you cannot just throw money and invest in different ICOs randomly. Before investing, it is important to look at three aspects of an ICO; understanding of an ICOs value, the team behind the company, and the interest of people in it. In addition, it is also important to make sure that the people behind the company are real people. Knowing their background and where they are located would be helpful as well. Moreover, hype regarding their ICO drops should also be taken into account, and as well as the number of people who follow them in different social media platforms. Lastly, it is also helpful to scan their white paper for more information and to be able to gain understanding on what they want to build.
I think the above information is useful to the crypto investor community however one very important you also need to consider when choosing an ICO is the project whitepaper. It's from the project whitepaper content that you get a detailed information about the ICO.
Investing in ICOs is known to be more than a gamble, than an investment. However, even if it is considered to be a game of chance, you cannot just throw money and invest in different ICOs randomly. Before investing, it is important to look at three aspects of an ICO; understanding of an ICOs value, the team behind the company, and the interest of people in it. In addition, it is also important to make sure that the people behind the company are real people. Knowing their background and where they are located would be helpful as well. Moreover, hype regarding their ICO drops should also be taken into account, and as well as the number of people who follow them in different social media platforms. Lastly, it is also helpful to scan their white paper for more information and to be able to gain understanding on what they want to build.
Jump to: