Ultimate guide to investing in crypto currency
The advent of crypto currency has seen many investors across the world become millionaires within a short period of time. This is usually because of the many investment opportunities that are available in the ICO markets where crypto currencies are traded. These opportunities, however, are not just for the established investors. They are open to everyone who wishes to become an investor to put his money into the projects that have been listed on the ICO listing and earn real returns. Remember that the ICO investments have the highest returns, sometimes going beyond 150% per annum. But lack of clear guideline has denied many a chance to invest some of their resources in this fast growing sector. If you are among the millions who do not have information regarding how to invest in ICOs, then this article is written for you. We shall cover all the steps necessary to become a successful investor in ICO.
Open an account
Everyone who wishes to invest or trade in crypto currency must first open an account with the system. By being a member, you will now have a chance to see all the available investment opportunities which you can choose to take part in. the process of opening an account is not difficult. You can do it on your own using you computer or smart phone. All you need to do is browse crypto currency. Then sign icon where you will be required to input some bio data. You also need to have an active email account where you will find a confirmation message. Once you have confirmed through the email, you account shall be activated.
Deposit money to the account
After having an active account, you will now be required to deposit some money to it. be sure of the amount to put in because that is the money you will use to invest in the ICO. It is also prudent to put an amount of money that you can afford to lose, since the ICO market is believed to be very volatile.
Discover
Now that you have an account that is loaded with money, it is time to find the best investment opportunity in the ICO market. This is done by discovering an investment opportunity on the system. In most cases, the investment opportunities will be provided by the BitcoinTalk.org on the ICO listing. This means that you will have to visit the BitcoinTalk.org to be able to find out about some of the investment opportunities available. There are many affordable ICOs that are usually listed by BitcoinTalk.org.
Gather information about the project
After identifying the project you want to invest in, the next thing should be to gather as much information about the project as you can. Among the most outstanding things you need to consider is the project development team. They should have provided their real names together with their addresses. Find everything about the team including their qualification, experience and much more. Also, look at the project duration and the projected returns. This is important because it will help you make an informed decision before investing. The best place to get such information would be on the white paper and also the firm’s homepage.
After being satisfied with the information about the firm offering the investment project, you can now proceed to invest. Remember that block chain technology has enabled everything to be done online. The contract you enter shall be binding and will also be provided online.
Last but not least
Never invest in something you dont understand! - Warren Buffet
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Nearly everything you do is of no importance, but it is important that you do it.
- Mahatma Gandhi
good newbie advice @ev0byte !
Upvoted - be sure to check out our latest episode of Crypto Nights - we would love to get your thoughts!!
Alex