Post
Topic
Board Altcoin Discussion
Re: Why do you invest in ICOs?
by
dishwashingunit01
on 28/07/2017, 01:48:39 UTC
I think Ethereum is going to succeed.

I think that if Ethereum succeeds, then a non-zero percentage of Ethereum tokens will succeed along with it. The devs certainly have the funds they need.

I look at the market caps these ICO coins debut at, and it's obvious that picking just one homerun will make up for holding multiple scam-bags, if not all of them, so most (not all) of my ETH holdings are through tokens.

I'm one of those people with a good gut for truth anyway. No doubt I've picked a lot of scams/impending failures. But I'm pretty sure there's at least a few winners in there too, and I have a much higher share of the total supply of those than I could ever hope to own for eth, short of a serious free-fall.

Not to mention if I'm not sure about an ICO, there's usually a chance to flip your initial investment back out for some free tokens. But I'm a bit of a gambler so often I don't do that. Usually you can gauge a projects legitimacy initially by assessing the hype. A really hyped up project is at least going to be a short term flip if nothing else.

If the project seems both heavily hyped AND heavily FUDed, that means do your due diligence on THAT one right away.

If this strategy works out for Eth I'll likely employ a similar strategy for EOS and Tezos, investing in ICOs as they come out and accumulating tokens. If it doesn't I'll learn from my mistakes, sell the bags I can, try to scrape together as much of an Eth stash as I can with whats left over, and not make those mistakes on the other smart contract platforms. (you're kidding yourself if you think the market only has room for one).

yes, my take on all this is controversial.