Post
Topic
Board Altcoin Discussion
Re: Does investing on ICO now is a good time?
by
Haunebu
on 09/03/2018, 05:53:34 UTC
I've participated recently on an ICO that has a great feature. But when this ICO released and been unlocked in the market, the ICO price drastically goes below. And give me a bad profit. May I ask is now a good time to invest in ICO?
Investing in ICOs is good yet can give you the worst of experience ever in the crypto world especially as a newbie with limited experience. You need to do a lot of research into a particular project before attempting to invest else you can lose your money. For the basics, you can check for the credentials of the developer and his team(especially advisor). Find out if renowned and well experienced crypto gurus are investing in that same ICO. With that, you can be 80% sure that the ICO will yield good returns.
I partially agree with you here. It is true that research is crucial while choosing which ICO to invest into. I usually conduct research primarily through the whitepaper provided by the team and then focus on other stuff like the team, website etc and conclude whether an ICO is worth investing into or not. I don't agree with the part where you talked about depending on renowned crypto gurus since they are not always right and it is best not to depend on anyone in this volatile crypto market apart from yourself. Focus on improving your knowledge of the crypto market op for research purposes.