Enough with these ICOs, 98% are scams or plan on being scams. Put most of your money in existing, tested, legacy tech (For newcomers!)

Lot of ICOs claiming their the first in something is exactly how they pull you in. That's the scam: make something up, throw up a site, put up some photos, play with your biases, and cha-ching. To stay out of prison, all they gotta do now is legitimize it for about a year, claim they are pulling out of project and you're left there, with toiletpaper tokens.

ICOs are like penny stocks now - it's not worth it, because it's like playing the lottery. Most of the wealthy people in the world didn't get rich playing the lottery, they got wealthy from good decisions, getting 10-20% returns year after year with diverse portfolios.

I'm not shilling Bitshares, but look at a technology like Bitshares. It took all of 1 minute 33 seconds to send money from Polo to the BTS DEX. LESS THAN 2 MINUTES. I have no idea why this isn't used more. Oh, I do know why - because we're drowning in ICOs and cryptoscams. Money is being spread out and it's getting harder for newcomers to wade through what is actually decent technology. Litecoin is tested, the creator is visible. DASH, Bitshares, even STEEM (an odder model, but still, a visible team).

McAfee said it too - Decentralized Exchanges are the future. It's inevitable. So Bittrex and Poloniex listing the ICO coins is no sweat off their back - buyer beware. Them listing it doesn't legitimize the coin, someone just did the paperwork to list the scam.

New folks - my advice, stay away from the ICOs until they've been around a bit. I know you want that instant million but if it was that easy, we'd all be millionaires. You're best bet that won't make you lose money is to invest in an existing tech - for example, Litecoin. It's ~$50. Bitcoin was $50 once. Even Ethereum at $300, could reach the thousands in a couple years as the technology becomes mainstream (we're still at early adopter phase)

And a problem coming down the road, as I mentioned before - moving from centralized exchanges to decentralized exchanges. This may be your best shot of hitting it big in short time. You have to think 2-3 steps ahead, like those who bought bitcoin when it was 12 cents. My favorite right now is Bitshares' DEX. The UI isn't quite as intuitive as some centralized exchanges (like Bittrex) honestly, but after some use, it'll be just as easy to use - it's much more robust, even lets you trade on margin like Poloniex. You can trade in major cryptocurrencies of course

Just my two cents/recommendations. The reason I wrote this is because it sucks for you to enter the crypto game, lose 80% of your money, then you leave because you lost it all. That's not good for our ecosystem and a sure fire way for SEC and similar agencies to crack down with the pretext of "looking out for the consumer".