I just invested in my first ico, Blackmoon ico. What happens now? I'm looking to make a quick flip. What do I do with the Blackmoon tokens?
Waiting till the ICO is over is the only thing that you can really do right now because you purchased the coin during the time they had terms that they will release the coin at a later date. If you have some money on the side then you could invest in another coin like Ethereum or Litecoin if you want to make some money if the price of Bitcoin goes up. You can also purchase Bitcoin by itself and you could make money just by doing that. There would be much less of a risk when you just purchase Bitcoin.
Waiting really is the only thing left you could do after making an investment.
Other than waiting, one may also make efforts to promote the ICO. You could join the bounty and social media campaigns for your ICO till it finishes. There are many ICOs that provide these kind of campaigns found here in the forum which helps in promoting their token sale. As an investor, one may help by exercising all efforts for the success of the project they have invested in so that once it becomes a success, their investment would become fruitful.