Some people just do not do the basics when it comes to investing what so ever.
I am in several ICO telegram groups and you would not believe the amount of people asking the same questions, here are some of the best.
What is a MEW?
Hardware wallet?
What is an ICO?
Seriously I kid you not!!
Too many people jump in blind without doing any research and think they are going to be millionaires in a month.
These same people then sell when the coin is on its arse and lose money.
There are currently some great utility tokens available which are hugely undervalued when you look at the road maps and user adoption.
Just DYOR and use this great tool called Google.
Great article :-)
People Are still convinced crypto is free money and they can buy anything as itβs all going to go up. The majority of coins are worthless, many with no use case. Tokens are worse as they have mainly been used as a way to generate funds with my clear way of returning value to the holder. I am a big believer in crypto but many people are going to get burnt before this is over.
Completely agree with you on this.
Many more tokens will come and disappear just like lots of the ICOs from 2017 have done.
Just got to research properly and only invest in what you believe are solid projects.
Google is my best advisor for all Crypto LoL
i thought the article was brilliant also. I would enjoy to hear your thoughts on the CargoX token CXO, i am new into Cryptocurrency and have researched with only guidance via Youtube. I invested a few hundred quid because i believe in there vision and product but from this article its not a investment strategy i would say i brought around $0.08 a token and there now about $0.04 and was as high as $0.28 i just HODL because yes i would be nice to of cashed if quick buck but i think this could be something really good for the future and hopefully after this year they can really take off. Today Online shipping platform 45HC.COM has become the first shipping company to accept cryptocurrency payments for container shipping and this market is huge and back dated. but if you have any advice guys i would love to hear it everything i invest into crypto is what im willing to loose. however when invest i feel in the long run blockchain will rule!! thanks
Cargo x is a great project, had lots of hype leading up to the ICO and gas wars that went with it.
Another good project in the similar field is Fr8 network.
I wouldn't worry too much about the price as everything is on its arse right now.
Personally, I would say invest in what you believe in and have fully researched.
Also look at projects that have the capacity to involve people and companies currently not in the crypto space, so an example would be Axpire, Ethos, ENJ.
And anything that benefits crypto so blockchain projects and also coins like QSP.
Hope this helps :-)