Community post
Why it's good to wait for ICO's to develop
PS. My honest opinion
I've learned this the hard way.
https://image.ibb.co/mGW7uk/ICO.png
ICO's are a big thing this year and it is being invested by a lot of people hoping it will SHOOT TO THE MOON upon token release.
I URGE YOU TO STOP BELIEVING IN THIS
It is true that the whitepaper provided is eye catching but you should understand why its in the whitepaper.
BECAUSE ITS STILL ON DEVELOPMENT
The grand rise of ETH or BTC from a mere dollar rocketing to a hundred or thousand was not made in a month or two. They had to present their technology for it to be invested by millions. ICO's goals are the same and the technology won't pop out upon release of the tokens.
My advice for you is :
WAIT
Yes, it definitely is nice to join the ICO but i recommend investing only at least 10% of your capital.
and READ,READ,READ the whitepaper. Don't be fooled by the hype or the media surrounding to ICO. Learn it yourself and understand if it's a good investment.
during the ICO, it will pump crazy. But once it releases in the exchanges almost 95% of the ICO's get a dump after so why waste. Learn the planning stage and invest at the right time.
Replies (8)
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thanks for the sharing
I personally wont touch an ICO with a ten foot pole too risky.
Great article budd
For most of us, there's actually no need to jump in on an ICO. By doing research and finding out which projects actually have real world applications and intrinsic value, it's possible to pick up cryptocurrencies at great prices. Holding will allow buyers to benefit from any price jumps which occur as the organization grows in value.
Thanks! and yes it's better to wait until something actually happens
That is why it is best to invest into ICOs that already have a working product of the base of one rather than one that is entirely based on an idea. For example, BitDice's upcoming ICO ( https://ico.bitdice.me/ ) already has a working casino that has been around for several years and is actively profitable. You just need to take time to educate yourself on any ICO before you invest.
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