I am a super noob when it comes to blockchain technology. I often see people are investing in Tokens & ICOs. I have no idea what are tokens & ICOs. But, I do understand that they hold value in money. and if purchased ahead of time you can make a huge profit after many years same as bitcoin has does for millions. Recently, I stumble upon this ongoing pre-sale of tokens for UTRUST. I don't know much about the company but the tokens price was $0.0065/each. I invested in UTRUST and bought 1000 tokens. It cost me about $65.
Now my main question - Did I make the right decision by investing in UTRUST in terms of making profit?
Bunch of thanks in advance.
Now my main question - Did I make the right decision by investing in UTRUST in terms of making profit?
Bunch of thanks in advance.
Once you invested on ICO, don't just expect that you will make profit in the long run. Accept also that it may turned as loss as no one knows what's the future for this no matter how good and well active the development is. Tokens hyped because of investment purposes not because of the technology or benefits does that token can bring.
Now to your question if it's right decision that you invested on a certain project ICO, you will just know the answer once you make profit. So take closely with the market once it was listed on exchanges.