Hello fellow community members,
Recently I saw lots of people announcing new altcoins. They're planning to launch ICO soon. But I was wondering if we should invest in ICO with proven business which will reduce the risk of our investment or go big with ICO project that we believe in but it starts from zero?
The trend of ICO is everywhere and lots of SCAMS is happening. Therefore, viewing ICO from risk management perspective is also important. What do you guys think?
"Price is what you pay. Value is what you get." - Warren Buffett
In my honest opinion, I really think that it would be best to go on ICOs with proven businesses already just to be a bit more sure that you will get profits or good returns for your investments. But if we think about it, it really comes down to the ideology of the project itself and the developing team behind it that is shaping the project. No matter how early it is in its road map, I think that it would be able to deliver if the project itself really solves true problems and is well managed by the developers. But it still depends if you are a patient investor or not or loves a long term hold more than a short term hold because projects that do not have working products yet or businesses will take a lot of time and effort to build which means you will also have to hold long term as an investor.