Are ICO's a good investment?

in vincentb •  7 years ago 

ico2_5a0c30f24440d.jpg

I've been sharing here in this platform some of my experiences as a new investor in the cryptocurrencies world. Trading, mining and posting on steemit seem to me (up until now) the best ways in which I can make my still modest investments grow.

However I'm now focusing my attention in trying to learn more about this other type of investment: ICOs.

I know that ICOs are a way of crowdfunding accomplished by issuing a new kind of coin or token. That coin may have some purpose on it's own or it could simply serve as a token representing a "share" in the project.

And I have also noticed how many of these have given amazing returns to their investors, just as much as I've seen many scams in the form of ICO's have come to light.

I have found so much information out there about many active ICO's that I've been wondering how to filter it. What should be considered a good source of information about this? I know that some of the people that have earned my respect in this world can give some valuable info about it every now and then and I know that nobody is going to make the work for me in terms of reading about every interesting project's white paper and road map. That's my homework.

But I would like to know about some sites that can give me information about new, current and past ICOs. Preferably, after having left out some of the most faulty projects.

What do you know about this? Have you invested already in your first ICO

Please share your experience

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Sure they are as long as you can find the needle in the haystack!😁

Try searching for ICO on Reddit, there is a good ICO subreddit there I think called icocrypto

bitcointalk also has some good (and bad) commentary

www.coinschedule.com is a great site to find high quality ICOs, especially the ones in gold at the top. I have serious gains on every ICO I've ever invested in, so I would say it's a pretty damn good investment as long as you do your due diligence.

Is just had a look at coinschedule.com. Man, there are sooo many ICO's and more and more coming out everyday. It's hard to see how all of them will survive long term with so much competition for the same space in many cases.

I'm new on here but thanks a ton for the info. All my crypto currency is tronx at the moment and need to change up

Tron is pretty much a pump and dump.

There are some red flags on that project. Even their white paper is plagiarized. You should look more into it before deciding if you want to keep your there

Thank you so much

People love to brag when they make money from ICOs but we rarely see how many people lose money. A lot of ICOs are rorts based on the price release structure. Eg, pre ICO price if 60% of the launch price.

Normally it will be the developers who unload a sizable share of their holdings at launch to cover their bases and if things don't go as planned in the first few months for them, they focus their attention to a new project and new ICO. Due to the poor communication and lack of regulation, though, the rest of the market don't see this for several months after when the development really lags and the market catches on.

It would be great to see how many failed projects the team have been involved in before buying into an ICO because the reality is they will keep rolling through projects until they hit that one big world changer.

over the half of my invests are very positive. not so strong because i had not enough fiat :( but my experience with ico´s are very succesfully
good luck and much success continues
tothemoonkids.jpg

I think that is can be extremely risky investing in ICOs. Of course, more risk comes more reward. However, I find it sometimes more fruitful to invest after the ICO and see the price action for a day on the exchange. Then I might wait a coupe of days of weeks to see it bottom out. But if you really believe in their project and you've done all your research, and can see yourself holding that coin or token for a long time, then I would totally buy as soon as you can. It does take time to create that conviction and get into the nitty gritty with the research.

Here's an example of some fundamental research that I've done for a token that I completely believe in: https://steemit.com/vezt/@mranders/lqv5u227

Thanks for the info. I’m new to the investment world. I’m learning tons of things pertaining to business start up investing. RegulationA+ is a positive.

I have made a lot of money of ICO's which I shall be talking about here. I have lost a lot of money on ICO's , which like all gamblers, I shall not be talking about here. Yes they are a gamble. However they are a way for micro investors to make serious returns. Men of my means don't have access to stock brokers and share markets, so they are a great opportunity to invest with just a little ethereum. I look for 3 things when investing in an ICO .....1. Concept: Is the idea stong, will it work? 2. Team: Who is behind it. What successful projects are involved with. What is there reputation. 3. Transparancy: Where are the funds held, what is the escrow contract. ICO s to watch at the minute are Storiqa for online commerce, Iungo for decentalised VPN and wifi and ATFS for smart farming.....guys, that's just what i'm doing, i'm not giving financial advice

I really like this post. Thanks for your honesty

Hi. I am also a newbie in terms of ICOs. I invested my money to loyalcoin a month ago. Why? It's because I trust the guys behind the ICO. They have a great reputation in my country. So I decide to join the ICO. But, I suggest before we invest our money to ICO, we need to research first the background of the company or atleast read the white paper.

ICO are good investment you just need to be on the right one. icohotlist.com and and coinschedule.com are 2of the webistes that list ico. You might also want to listen to boxmining ans suppoman on youtube for their ico recommendations.

hey nice post! that´s a very important information... oh if you like, see my last post and give me your opinion https://steemit.com/photography/@palmimusic/original-art-photography-series-by-palmimusic-4-guitars-presentation

"So much information that I'm wondering how to filter it", haha wow I can relate to that. We just gotta keep sifting through it and these kind of posts should help find some guidance along the way

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yes for sure these icos are good investment only if it is legit & should be having a real work in the future ,just not like a altcoin for no use.

thank you for sharing this bue post, I would like very much to give you a look at this project please, your opinion is very important to me, and thank you
https://steemit.com/cryptocurrency/@frederichs/10-best-cryptocurrency-to-invest-in-short-medium-and-long-term-we-will-talk-one-by-one-in-different-post-for-further-explanation

Unfortunately, most of the ICO's are banned in the USA. I can't buy. I think there are some great ICO's with the nice project. I can only buy when this ICO are available in any exchange such as Binance.

ICOs CAN be a great investment. You have to do the research on them. Read the whitepaper. I find that looking at the Dev team is still the best way to see how legit a project is. Is everyone on the team is a nobody I would be very leary of investing. Too many scams.
Its going to get harder and harder to find the diamond in the ruff this year

Have you look at Ian Balina? Also youtube channel like DataDash, CryptoCrow and Suppoman are good source for ICOs

Thanks for the advice. Already checking out Ian Balina's twitter account

He has a website too which list all the ICOs he has reviewed. Great tip to get started on your ICO research. Very recommended.

Icos can be very good investment. But newbies should stick to proven coins. ICOs are more like slotmachines. I did write here on steemit about few essential things to consider,when investing in ico. So you dont get scammed. All are welcome to share their own tips. https://steemit.com/cryptocurrency/@igormortis/how-to-spot-a-possible-scam-in-crypto

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high risk, high potential reward.

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help in understanding

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Maybe not all of them, but this one surely is:
https://steemit.com/ico/@cryptoclick/eroiy-coin-major-pre-ico-opportunity

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BTW guys the biggest profits I made thanks to ETN ICO...
I have all the reasons to believe that this one will be even more successful.