cant believe people are thinking this will go to 5x lol. its 200mm cap already smh. this thing is overbought. sell and take whatever profits you can get. dont be a bagholder
Being a bagholder of ICO-initiated projects is (almost without exception) profitable to the region of around 800%-1600% given six months (irrespective of marketcap) providing proper risk management strategies are in play.
In general, ICO projects typically hover around 200% of ICO price on release where they stay for a 3-8 months and thereafter start their ascent.
Anyone investing in an ICO project should exercise a reasonable amount of due diligence, but bought either at ICO price or at an elevated public price is almost certainly likely (in the current climate) to yield huge returns as a reward for bagholding.
In my opinion in just 18 months from now we will see a huge surge in interest of the entire cryptospace, and just as investors were once falling over themselves to throw money at projects like Ethereum, which has seen four-figure percentage rises, so too will satellite projects (and alternatives such as NEO) exceed and become expectant of similar and greater returns thus becoming a self-fulfilling prophecy.
You can't do that, unless you're a bagholder.
It's your choice, but pussy-footing around expecting the price to decline a few pips isn't going to happen with a project like Status. A cursory glance of Bittrex's 24 Status volume - currently over 4000 BTC - should tell you everything you need to know, where the whales are, where the eyes are, and ultimately what's just about to happen.
Life moves pretty fast. If you don't stop and look around once in a while you could miss it.
Good post. Have you personally invested in SNT?
Yep. I tend to invest in most of the ICO projects, either at ICO price or at a 200% premium. I even bought ICN when it had already risen by 400% and I still managed to get a whopping 800% return from it.
The only ICO I have so far avoided has been Matchpool. (Because it's literally horseshit).
