Hello and thanks for your article. I went to Youtube and subscribed to those crypto youtubers you mentioned.
I have a question about your ICO statement. It may seem like a newbie question but I just don't understand.
Why don't you like the term ICO? I agree that there are scams out there in any indeavor whether it's crypto or used cars. But what does ICO have to do with it?
I also realise there must have been some ICOs that went further and are working well.
Obviously the scariest ones were the ICOs that meant well, weren't scams but were just over their heads and failed.
Please let me know what to look for in any of these three ICO possiblities
Promising
Honest but doomed
Scam
Any pointers as to how to tell the difference or should all ICOs be avoided in your opinion?
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The term ICO implies that we are giving companies the capital they need to create a product or service that may only be an idea. Raising $5 million dollars for an idea is crazy. Raising $5 million for a business is different. Unfortunately, I got burned by some ICOs and lost money because I was relatively new to the whole experience. ICOs should just be avoided right now in my opinion, a lot of them are scams and it's better to have these companies prove their worth to us first.
Well that makes me feel better. The ICO I am working with is from a large international company that has been in business almost 12 years. The fact that a coin offering fits so well into their product range is also a positive. I have done quite a bit of research. I like the blockchain behind them as well as the thought out plans, scheduled targets and structure. Is it fulproof? No, nothing is. But for investment purposes at this time as well as being able to get your money back before launch is impressive. Now the marketing and systems must be as well. The numbers make sense and the time they have set aside to accomplish these things seems more than sufficient. Low entry point but as any investment, don't invest more than you can afford to lose. #WiseNotGreedy
Crypto big quick profit