I dont have much time in the cryptoworld, but i'm interested on how so many people trust on ICOs and claim them to be a good way to simply x2, x3 or even x10 your money.
Correct me if i'm wrong, but a TOKEN Based ICO sell their unique tokens at a price, just so months later the token gets accepted on an Exchange then you can trade those tokens and double your money.
It it really that simple?
yes, basically you understood how ICOs work. It's a mix of old concepts like IPOs and crowd funding. When tokens get listed on exchanges you can trade them to Bitcoin, ETH, etc. depending on the exchange. Is it so easy to double your investment? yes and no. You need to choose the right ICO to put your money in it and then be patient until price rises. But if it rises, you can get very good profits!