WTF IS THAT OF THE ICOS?

What to know before investing in an ICO or cryptocurrency

With which is forming this month for the bad news about Bitcoin and the Altcoins. First sensationalist headlines about China and the ICO ban to say then that it would be temporary, Russia with the regulation of cryptocurrency but not its ban, and finally, one of the uninformed, but JP Morgan CEO, Jamie Dimon, who He said this week that he would dismiss as stupid any JP Morgan employee who handled Bitcoin. The funny thing is that JP Morgan is a member of the Ethereum Alliance with other big companies, in addition to having tried to kill Bitcoin for the year 2013 with a patent that resembled it, thank God they rejected it.

For this, I have encouraged to write this post, so you can invest in ICO assuming the least possible risks.

Below I will explain briefly each tip that must be taken into account when investing in a cryptocurrency or ICO:

1 Persons or entities involved
1.1 Team
1.1.1 Popular member in the sector
1.2 Partners, advisors and known investors
2 The project
2.1 Project achievable, scalable and realistic
2.2 Roadmap and WhitePaper
2.3 Supply or quantity of tokens
3 Community
3.1 Active social networks
3.2 Press releases in relevant media
3.3 Team communication
3.4 Telegram Group
4 Exchanges or exchange houses
People or entities involved
Equipment
The team is fundamental when it comes to selecting a cryptocurrency or ICO, they are the ones who will move and develop the project. If the project is quality but the team is not, it is more likely to fall than a project that does not have quality with a team that does.

Popular member in the sector
For many and for me, that there is an expert member in Blockchain plus another expert in the field in which the ICO is developed, such as real state, end tech, social network ..

I think it is a key point for the success of any idea, project, company or startup.

Known partners, advisors and investors
Provided that the partners or advisors are recognized much better, although it is not so important, but it is worth taking into account.

The project
Project achievable, scalable and realistic
The project must have these characteristics in order to achieve medium-long-term growth. It has to be realistic but with new features or some differentiation regarding how the problem is currently solved.

Do not invest in an ICO that promises to be immortal. Be coherent

Roadmap and WhitePaper
See your timeline. What milestones do you have? Is it realistic? Reachable? Are there agreements with partners? With exchanges? When do you get the Beta? And the final product?

Ask yourself these questions and try to answer them with your roadmap and whitepaper, if you can not, run away.

Supply or quantity of tokens
Some friends have told me that they have bought Ripple (XMR) because it is cheap, about $ 0.18, thinking that if it reaches $ 1000 they would be millionaires, this does not make any sense. The price of the low tokens does not mean that the value of the cryptocurrency is low, since it is not the same as the cryptocurrency has a supply of 100,000,000,000 than 1,000,000 tokens.

Practical example:

Cryptocurrency X = 10 $ and 1,000,000 tokens = $ 10,000.00 capitalization

Cryptocurrency Y = $ 0.10 and 1,000,000,000 tokens = $ 100,000,000 of capitalization

In this case the cryptocurrency Y is 10 times more than the X. And that if we look at the price of the tokens of the A is worth 100 times more than the tokens of the cryptocurrency Y.

If you still do not clarify, write a comment and we will get you out of doubt.

Community
An active and faithful community is fundamental for the success of the project, a community that bets for the ICO can get and force the project to go ahead without almost help from the team, because we can not fool ourselves the word of mouth will not disappear nor the online world.

Active social networks
Check your social networks, look at your followers and your followers, do not trust if you have many followers but with little activity in the mimas, since followers can be bought, you can buy followers, I like, comments, shared. So you have to examine the social networks at your fingertips, get in the profiles of the followers, look for them in Google to verify that they are real people, if you discover that these people are from the sector of the ICO or the Blockchain ecosystem, better than better, more points. Everything counts!

At least half trust is that they have Slack and Twitter, on the other hand if they have a thread of their ICO in the community of BitcoinTalk also adds and finally if they have profile of Reddit chapó, this social network is one of the most critical, there is have the courage to publish your project on Reddit if it is not a serious project.
Press releases in relevant media
Search the name of the cryptocurrency or ICO in Google and see if relevant means of the ecosystem such as Coindesk, CoinTelegraph, GuiaBitcoin 🙂 or conventional newspapers talk about the project. If they talk about the project, it gives us more confidence. Remember that the decision is joint, not to go out in newspapers is a real project, I'm SEO for a few years and one of my tasks is to buy articles in newspapers (the article sent as I write it, even if the title is "The pigs fly ", they let you upload it), so do not trust everything you read in a newspaper, no matter how famous it may be.

Team communication
Whenever you invest in an ICO I advise you to write to one of the members, see how long it takes, the way you respond, with this you will discover if the team is communicative. A project in which the team does not communicate properly with investors will not reach any port.

Telegram Group
The Telegram group of the project is a pretty good filter. If you join the group and see that it has not been written for several days or that it talks about any topic other than the project, do not invest in that project because the community is not faithful.

Exchanges or exchange houses
Here I just say that it is not the same to be in Livecoin or Cryptopia than to be in Kraken. Nor is it the same to be in Bittrex that in Bitfinex. Simply because Kraken and Bitfinex do not accept any cryptocurrency.

The better the exchanges in which you can buy and sell the cryptocurrency, surely the project is better.

Refrain from Novaexchange and HiBTC, often play futures.