You are viewing a single comment's thread from:
RE: Before You Invest in an ICO- Watch This Video (Read This Post)
I agree this are the above things which we should follow not only for investing in ICO's but also when it comes to purchase and holding coins we and follow this.
Thanks for sharing with us.
Cheers @vishalmukadam! Thanks for the comment :)
Hi @heiditravels This is a really helpful post, I think you listed most of the main things to pay attention to. And yes, it applies not only to ICOs, but to cryptocurrencies as well.
I would like to add just one point - when assessing the ICO project and its team, don't forget to virtually put this project into a real existing industry (taking into consideration the current competition).
Even if all things your listed get a positive answer, still MAY NOT BE ENOUGH to invest. To get any considerable ROI (especially if you generally plan to hold tokens in long run) there should be:
Just one example.
Several years ago I did study an online course taught by Hasso Plattner (co-founder of SAP software company, a great man with net worth of $10.8 billion). The course promoted In-Memory Database Management. Technology-wise it was a huge break-though in comparison this a traditional database management approach. And it is hard to believe Hasso Plattner's team did not have enough resources to market this approach. But still, it is far from being widely used. Why? 3) Luck to overcome unknown obstacles.
So why should any new ICO skyrocket their technology or product in real super-competitive market conditions?
And the last question we need to ask ourselves? How many ICO funded projects have become established (with financially proved ROI)?
After asking myself I did choose to better invest in open-source technology-advanced cryptocurrencies, not ICOs.