Sima Fields
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ICO’s, does anyone have any advice on what to look for and what to avoid when looking at investing in any ICO’s?
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ICO advice
- Thread starter Sima Fields
- Start date
carstensdj
Expert Member
Yea... Just don't... You missed that boat. There's just too many ICO's that are going nowhere to risk investing in them right now, especially with the current state of Crypto on the whole.
That's my 2c worth...
carstensdj
Expert Member
No probs.
I'm no expert but I was very into ICO's last year and beginning of this year and was invested in a few myself but they pretty much all tanked and with the current state of Crypto, i'd be very hesitant to put my money back into them. You'd be better off looking at Forex right now
BitcoinZAR
Active Member
Avoid them all. Most of them are scams, and the ones that are not have an extremely high rate of failure. It is extremely difficult to distinguish between the scams and the legit ones, and some of the scams start out legit and then things change.
You are basically paying in advance to some random people on the internet who have zero incentive to ever deliver on their promises since they already have your money. If these companies had an actual business model that could generate revenue, they would not need to ICO.
You are basically paying in advance to some random people on the internet who have zero incentive to ever deliver on their promises since they already have your money. If these companies had an actual business model that could generate revenue, they would not need to ICO.