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RE: [Crypto]: ICOs The New Hot Way To Raise Money? The New Wave Has Already Begun ?
Nice article...
I wouldn't tell that 95% of the ICOs are scams... If you check the stats, about 20% are scams... Rest fail so miserably that they are termed as 'shitcoins'.
So if you look at long term, about 4-5% of the ICOs will succeed.
But investing in an ICO, and supporting it is a work of the Next gen which we should embrace, because if we put some money in a successful ICO, returns can be potentially Huge, even some 5000-6000%.... But if you see at the failure rate, that 5000-6000% is masked by the rate of failures, but still thats enough to break even if you invest in a 100 ICOs.... You will be left with immense experience then! :D
Reply your views....
Interesting insight @rahulbasu. Well, if you do a good FA of 2-3 ICOs you're sorted. You don't have to actually put your money in 100 ICOs.