ICO's aka Initial Coin Offerings were one of the easiest way to double or triple your crypto investments. But that ship has sailed now, it is not the same anymore.
Why are ICO's not a safe bet anymore? because:
- Scams: Lot of ICO's out there are scams, they would create a hype with a big ass marketing campaign and most investors would pray to it. After all its not very tough to get the attention of crypto enthusiasts. this even led to Facebook to add a policy that they wouldn't let cryptocurrency related ads to be displayed on Facebook feed.
- Pump and Dump: There are always whales in every market, be it Steemit or be it the Crypto trading market. Whales would buy these tokens in mass during the presale and would dump them hard once they get listed on any exchange. The rich gets richer and the poor or minnows will suffer when the prices drops rock bottom.
Most ICO's out there are trading below the ICO prices now, apart from very few which performed upto expectations. Unless you wan't to take lots of risk and are certain and have 100% confidence don't go for ICO's instead you can go for bounty programs or Airdrops which are absolutely free.
Follow @shonyishere
To me,its a new information..Could you suggest some ICOs that I can look for without having to have much money ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I wouldn't suggest ICO's they are heavy risk these days. And even if you want to gain from ICOs you need to invest money.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just do it yourself
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do what?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just buy crypto when its on the low if its going to go it won't be like that until later
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
wow thanks :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Were all guessing here
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by shonyishere from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit