RE: Too many ICOs, ITOs and Coins?
Thanks for putting your thoughts out here @oaldamster :-)
I totally agree, it is like those crazy times again. People tend to forget (or just weren't there at the time). To my opinion investing in crypto is much more similar with the known investment game (stocks, bonds, ETFs, diversification). Or at least the approach you should be taking. Because what most people tend to misunderstand is that you actually don't buy any shares in a company with crypto.
The biggest similarity with the standard investment game is the fact that you have to do your research on the fundamentals. Research the team, the market, the way they tackle a problem or unlock an opportunity, community support etc. If you don't do research, you are gambling and hoping.
Hope is not a strategy
Cheers!
It is my pleasure @cryptotem. :-)
Proper investigation if very important. Buying and "Empty Promise" will always backfire. The 2014 wave of copy-paste cryptos already proved that. And it is being tried all over again, now ICO/ITO style.
Caution is always good. And being aware of the risks involved, even with proven technology.
Research and if something looks to good to be true, it often is...
Cheers!