Thank you for this, I been warning people of the dangers of these ico's over and over. It's hard to identify legit projects from scams. What puzzles me the most are the most blatant scams sometimes get huge investments based on marketing ploys. People need to educate themselves about this more as no amount of advice is enough to replace self restraint and caution. I applaud you for bringing this up, most people sing praises of garbage because they invested in it for their own benefit, every time I buy a token I tell people exactly why I bought it, whether it's a long term hold or a short term dump for profit. Holding a token indefinitely is a sure brew for trouble. Invest wisely and take ROI whenever the chance presents itself. Thank you for a great read...
@joseph and @v4vapid , I couldn't agree more with you. It is very important that people research about projects before being an initial investor at an ico stage. I thought you would be interested in taking a look at a post I made about the importance of research: https://steemit.com/steem/@gold84/how-to-find-cryptocurrency-assets-that-will-succeed-before-they-are-popular . Thanks for your suggestions. @gold84
The markets are overrun by people with only one goal. To take your money and never increase it in value. Common thieves they are, and they should not be allowed to continue.
So many people got a lot richer just by holding bitcoin in the past year or two. And when they started investing in startups, the scammers were drawn in by the smell of money, and no legal regulations that would see them answer for their schemes!
I find it curious to say at least, that people buy into ICO-s based on the quality of their webpage. It is creating an ICO bubble, and that bubble will burst. Of those remaining standing after that happens, only a few will develop into respectable companies. And you can not judge the probability of that happening based on a web page's "professional" look.
If this makes sense to you, take a look at my blog post about the historic price of Bitcoin. You might find it an interesting read
Have a good one :)
Invest wisely and just invest in some amount you can afford to lose. This is a gambling world, your plane can either go to the moon or hit the ground hard, that's it.