What do I think about ICOs?

in cryptocurrency •  7 years ago 

What do I think about ICOs?


As a trader

As a trader I look into ICOs with the thought of how much can this coin double up? is it going to be a 2x, a 5x or perhaps even a 10x coin from the ICO price. To look into ICOs as a trader is kind of hard because you don't have a chart yet since there hasn't been any trading in it yet. Without any prior price points it's hard to know what the price is going to be at. We have to look purely at the fundamentals of the coin and the team behind the coin, as a trader most of the time you don't really do that because you're in and then out of a coin again.

As an investor

It's totally different as an investor due to the fact that you look at the coin for a long term investment. So then the team behind the coin and the fundamentals are the core you go off on. so you really start researching the team behind the coin and especially the endeavours they have done before working for that particular coin you're researching.

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Getting an ICO to do 10x on hitting exchange nowadays is getting harder with each passing day .

I wait and buy after two days at less than the ICO price :)

I do the same thing man, but some people like to buy into Icos I am more of a trader than an investor