So you want to Invest in an ICO ?

in ico •  7 years ago 

Are you looking for short term investing or long term investing?
First thing you waant to know is that, Investing in a cryptocurrency is different than investing in a regular stock.
Blockchain technology is now a rolling stone down into the valley thanks to the surge of Bitcoin's and it meteoric rise over the past several months.
The continuous rise of bitcoin has also inspired new ventures and paved way many other cryptocurrencies such as (Ethereum, Electroneum, Litecoin, Ripple etc).
The success stories of recent ICOs has attracted many (experienced and inexperienced) developers into the blockchain technology, with the majority just wanting to raise quick cash without necessarily having a business plan, functional project or event a demo project to support their startup or ICOs.
These numerous baseless start-ups without business plan launching ICOs in turn hurts the start-ups with genuine ICOs. To overcome the risks and making the right ICOs choice; take some time off, perform in-depth analysis about the startup you want to invest your hard earned money in, contact them and ask questions, get a business analysis point of view about the startup. Gather just enough intel about the startup that would enable you make informed decisions.
Last and most importantly, only invest money you can afford to loose in ICOs.

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