Topic: There's Hope for Crypto, But Not For ICOs (Read 111 times)
Let's believe crypto will bring the rejoice back again in upcoming days every single person is waiting for bull run but practically the chances are very very low. Well regarding ICO's are like lottery tickets if you are lucky then you will get a jackpot. ICO's won't give you too much money it depends on the project as how good enough it is.
Many may feel the ever shrinking markets at time of writing, are a major cause of panic. Many that where here, and remember 2014-2017, felt the same way, many left, but those who stayed and invested with caution and certainty, made it out very wealthy.
My best advice to anyone in crypto right now, do not invest into ICO's, it just isn't worth it. Unless you have several hours per week to research, chances are you aren't going to find that next hidden gem. Coupled with the fact, that most teams operating ICO's in this climate are disillusioned by greed, greed that stemmed from earlier this year. Projects often that are entering crypto, are kickstarter-based projects, that have no real sensibility or insight on what truly makes a profitable investment for crypto enthusiasts. This will continue well into the future, ICOs for the most part, are dead.
Just like the markets flooded with 1000s of shitcoins, ICOs have reciprocated. Bad, terrible and failed ideas will occur over and over again, for every crypto that's seeking to acquire X niche, there were 3-5 coins prior that sought to accomplish the same things.
Innovation of technology, innovation of blockchains will always reign supreme. The fundamental building blocks for the future, resides within the top 50 of cryptos (for the most part)
Invest in projects with stability, and proven infrastructures/technology, there are a lot. Because, when the markets rebound, those coins, that 5-10% of coins, will be here for decades to come. Regardless of the market situation.
Coming out of this bear period, you will come to understand that the majority of cryptocurrencies right now, will be defunct/dead due to the markets, and the ever looming government interventions. You'll be left holding the bags.
History repeats itself, there is no end time to a solid crypto, just stages of growth/regression.
My best advice to anyone in crypto right now, do not invest into ICO's, it just isn't worth it. Unless you have several hours per week to research, chances are you aren't going to find that next hidden gem. Coupled with the fact, that most teams operating ICO's in this climate are disillusioned by greed, greed that stemmed from earlier this year. Projects often that are entering crypto, are kickstarter-based projects, that have no real sensibility or insight on what truly makes a profitable investment for crypto enthusiasts. This will continue well into the future, ICOs for the most part, are dead.
Just like the markets flooded with 1000s of shitcoins, ICOs have reciprocated. Bad, terrible and failed ideas will occur over and over again, for every crypto that's seeking to acquire X niche, there were 3-5 coins prior that sought to accomplish the same things.
Innovation of technology, innovation of blockchains will always reign supreme. The fundamental building blocks for the future, resides within the top 50 of cryptos (for the most part)
Invest in projects with stability, and proven infrastructures/technology, there are a lot. Because, when the markets rebound, those coins, that 5-10% of coins, will be here for decades to come. Regardless of the market situation.
Coming out of this bear period, you will come to understand that the majority of cryptocurrencies right now, will be defunct/dead due to the markets, and the ever looming government interventions. You'll be left holding the bags.
History repeats itself, there is no end time to a solid crypto, just stages of growth/regression.
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