How Not To Be Scammed By an Initial Coin Offering #ICO #crypto
Simple, don't buy into them.
If you're a small time investors with less than 1 BTC then it's usually better to wait and see how it all plays out. Remember, you can always buy the same coin on the exchange later on.
If you are a big time investor with 100 BTC or more then ICOs are a dream come true. It gives you a chance to actually get into a coin at a set price.
ICO is similar to VC investing. You take on huge risk with the possibility of huge returns. You have to do your due diligence and that can take a really long time.I've done extremely well with ICOs. I don't buy many though. I've a background in software development which helps me out. The only ICOs that I put significant money into were $ETH, $SJCX, $BCY, $AMP and $FCT. I could easily tell that those projects were good ideas and the people involved were quality. I find a lot of the ICOs lately to be mediocre and do not buy them. I instead don't put in as much money and only pick them up for cheap on the exchanges like I did with $SNGLS, $WAVES, $RISE, $STRAT, $VOX, $DGD and others.
It is a nice suggestion you have given here. I feel that new users should discuss about ICOs before jumping in and should take efforts to understand the risks involved.