ICO Coins

Dealing With ICOs An Alternate Take

Hodl ICO Investing

ICO Coins

ICOs. The bane and joy of an investors life. This is my take to my writer Gonzalo’s Researching New ICOS

Initial Coin Offerings have become a saturated market and while the amount of money raised is slowly becoming ludicrous it appears that it is merely a short-term boom. Many investors have begun flocking to these coins looking to hit it big with the next Ethereum or the like.

Profits in ICOs have always been a tough bird to catch in terms of which coin is profitable and which is not.

Here are my tips to dealing with an ICOs

Tip 1: Look at What You are Investing In

There is a fine line between something being revolutionary and something being stupid. Before you get caught up in the hype of a coin. Stop and ask yourself “Does [blank] need decentralization? Is it sustainable? Will someone actually use this?”

Tip 2: How Many Coins are There and What is the Distribution

While coins are great, having too many is bad, even worse is when the founder’s wallet contains more than 30% if of all of the coins. Look at the Number of coins and distribution.

Tip 3: Look at the Team and who is active

Getting someone on your team as an advisor that doesn’t do jack is easy. Look at their team, if a coin has only one person doing all of the work. Look at that. A coin should have multiple active people

Tip 4: Look Who Is Profiting

If the ICO is paying a bunch in bounties, that is a red flag. As many bounty recipients dump the coin as fast as they can. Which hurts the coin in the long-term circulation value.

Tip 5: Don’t Trust Corporate Backing

Sticking an unconfirmed companies logo onto an ICO is easy. 9/10 times companies won’t correct misconceptions of ICO’s having their support. Unless the company clearly backs it. Be vary.

Tip 6:  Is the price worth it

The idea may be the next great thing, but inevitably the second the coin hits the exchange it is going to spike then dump. Is there a point where you would rather buy at the dump?

Bonus Tip 7: Am I Invested In It?

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You Know The Drill: This is my personal opinion I am not your financial, marital or legal advisor