The current ICO market is really not potential. At the bottom of the market, everything is bad. But I believe there are still some great projects waiting for us. But now the investment in ICO has not made much profit as before, we should switch to other areas of monetization.
I disagree.
Current ICO markets are really much potential and they can really bear you huge profits in much less time. Just the issue is that there are a lot of projects who tends to be scam and that gets us a loss.
If you concentrate onto only Initial Coin Offering phases amd choose some potential project, than indeed you can make a great profit ahead.
Even choosing a correct bounty can lead you yo earn thousands of dollars so just imagine how much profit can you gain if you are investing your funds into it.
If a lot of those projects tend to be a scam, doesn't that make the current ICO market bad? One risk that you're taking into consideration is whether or not the coin is going to be successful. These days, there's another risk. You have to take into consideration the legitimacy of the ICO. Most coins don't even send out the tokens. That's just how lazy they are. Once they are done with the token sale, they just leave. It's so sad to participate in a bounty campaign and then the coin turns out to be a scam. And sometimes even checking the coin out doesn't even work. Coins these days appear as legit. They have a legit team, a legit website, and a good whitepaper. They turned into a scam simply because that's what they have been planning all along and the participants of the ICO don't have any way to know that.