ICO after ICO, finding the real value in Cryptocurrencies

in #ico7 years ago

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Id like to talk about ICOs, everyday we all hear and see new ICOs and to be honest I think its time we as investors/cryptocurrency enthusiasts say enough is enough, lets face it practically every ICO is either a clone of a pre-exisitng coin or just another cash grab ie: http://lmbo.io/

Its time to stop investing in most ICOs and its time to actually think about where the real value in cryptocurrencies is!

I want you to ask yourself 7 questions that will put you on the path to your Lambo!

  1. Does this coin/platform have a real world purpose?

  2. Would I actually use this coin/platform?

  3. Would any of my friends and family use this coin/platform?

  4. Is this coin/platform user friendly? Just think most people can only web browser and send emails!

  5. What is the coin/platform competitors, and how do they compare?

  6. How good is the coin/platform team?

  7. Do you actually think the coin/platform will generate money?

I think alot of people forget to ask these simple questions. Its time we all stopped investing in icos and start putting our money into tried and tested cryptos.

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Good post!
Most ICO's are scams
But there will def be some dimands in the rough!

ICO's have gotten really bad of late!

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I like to look for vision and consider the ICO I'm researching more like a small entrepreneurial startup say in Silicon Valley.

Can the team deliver the vision?

There are a number of great solutions to a huge number of problems out there, however if it can't be cultivated into a mature platform, reach people and make a difference it won't have the success the developers, and stakeholders alike, all desire.

I couldnt agree more, alot of people have forgotten the real money is going to be coming from the masses!