ICO!! 100X EVERYTHING ??!

in bitcoin •  7 years ago 

ICO (Initial Coin Offering) season has started, with projects like Trinity and Gatcoin closing their whitelist or selling out, the Fear Of Missing Out (FOMO) is taking over. Here are some tips to overcome FOMO and find good projects - because projects will eventually need to deliver on their promises!!

ICOs are inherently very risky. Never contribute more than you can lose. This is not financial advise.

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Those NEO ICOs should not have the network clog issues of Etherem-based ICOs, but the whitelists may also cut many people out. Crazy times we live in.

Hi Michael, thanks for the video, Im a fan. I wanna ask you what do you think about the SETHER ICO?
Cheers @boxmining!

Agree with albertogm, love your stuff!

Here's som value to you my friends :)

ETHEREUM CLASSIC (ETC) - Analysis (218% POTENTIAL PROFIT) — Steemit https://steemit.com/bitcoin/@benkalashnikov/ethereum-classic-etc-analysis-218-potential-profit

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so many ICOs, so little coin....

Most people I hear talking about ICOs see them as a pump and dump, quick buck opportunity

I'm very interested in ICO's because it seems like the best way to get involved in a specific coin on the ground floor making it alot easier to HODL. It's just hard to weed through all of the information on ICO's to determine which ones are legit projects.

Then there's also the issue of all of these ICO's not allowing US participation. That's one reason I like the Dragonchain project you mentioned because they do allow US customers for ICO.

Left a follow and upvote for you.

Cool video man....

Thanks for that!

Can someone help me? I would like to get into an ICO, but I don't really understand how does the whitelist and KYC registration work.

I see, that the whitelist is to make some kind of priority among the interested people. This specific ICO asked different social media user names from us, does that mean that they will check if I liked/followed etc their page, or they will go deeper, check if I commented, or sth like that?

Regarding the KYC, I was never before involved in an ICO, so I don't really know what they will ask. Do they need documents verifying my personal data and residence? Please, could someone help me?

KYC stands for Know Your Customer and comes from Anti Money Laundering regulation. It is one of the requirements for US based investors participating in ICOs. The purpose is to confirm you are a real person and not a bot or not on any list of known terrorists/criminals. They typically ask for a government issued ID to confirm your identity.

Thank you for the help!

What is the chance that a coin turns out to be cheaper after an ICO? I hear that it is not that small.
Do you know something about this? Any statistics? Would be interesting!

Thanks for the tips. I've been really interested in a few ICOs but haven't jumped into one quite yet. Anyone here hit big on one?

Substratum was a recent good one!

You hit the nail on the head when you said that FOMO is going to overcome a lot of people. Wanting to get the 20x - 100x+ returns that people hear about can cause them to get into those projects that don't even have a business or product. I keep hearing about ICOs that collect the money and even as soon as the next day they just close up shop and walk away with people's money. It's sad to hear, but it happens.

Always make sure to at least read the whitepaper, and do some research into the team that's involved. Contact the team and learn about their plan. Don't just throw money at things and hope it works out.

This is not financial advice. Invest at your own risk

I like your video

Awesome video ,,thanks dear discuss about the cytocurrance ..

Its ironic that some of these ICOs can't handle the volumes and their servers get overloaded. Should we be concerned on their tech if they cannot handle the demand?

Great. Can you share your thoughts about zencash?

Blindly investing in ICOs might as well 100x your losses. ;) So be careful!

What are fundamentally strong crypto coins

really useful thank you information

Looking forward to more ICO information. Hard to make informed decisions so I appreciate all the research you do. It is one piece of the puzzle in making informed decisions.

90% people in coin market have this mindset. dangerous and stupid.

Very true ! Not only for ICOs , never contribute more than you can lose. Everything is very risky and it can crash anytime ! Great video again, thanks buddy :))