Being a newbie, I'm looking for a good direction on learning about the markets and trading. How would you decide which ICO to invest in? Cryptocurrency is too volatile, but so there is still many people who go into investment that goes even in the newest coins which are similar (not same) in the functionality that they offer (e.g. anonymity). What is the possibility on any of these coins (or digital currency in general) being successful (or profitable)? I'm also not clear on how does the value of coin inflate or deflate; especially when the flow is controlled by the developers?
tl;dr Any resources or pointers on the topic are appreciated.
First, I would not invest into an ICO based projects, but non-ICO. Just make some researches to find how more than 80% ICOs became scams.
Second, always do a lot of anlysis before making any investment. Be careful at following key points:
- social media activity
- Whitepaper
- milestones (respected or not by Dev)
- team experience
etc.