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.
If you do ask on what is ICO then going back in the past it is indeed a good way on making profits since you can able to purchase coins on discounted prices and when it launch on exchanges and the price did initially start on its casual ICO price not the presale or discounted ones then it is indeed a profit for those who did invest but now on ICO these days do already work on other way around which turns out not to be profitable already because most of them do start up on directly on discounted prices or lower even more.This is only based on my observation too.Now my main question - Did I make the right decision by investing in UTRUST in terms of making profit?
Bunch of thanks in advance.