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.
Maybe or maybe not. You will only know if you made the right decision when the coin is already trading and more people bought the coin for its price to go up. Upon hitting exchanges, it will be pump and dump and then price will stabilize after that and that's the time if your investment to the project will materialize. You didn't invest a significant amount so it would be a learning period then if ever price go south but if it really has an active developer and project is active and follows the roadmap then it would be good for you. Latest news of it is that it will be traded in Kucoin. It may not be one of the major exchange but it is a start.