You have a long list of altcoin portfolio that have tanked down by 90% since you participated in the ICO. What was $5000 is now worth $500. You are at a loss of $4000 and there happen to be an upcoming token sale that is pretty hyped.
You are in desperate need to recover your losses and you plan to invest in that hyped token sale in hope that you can earn 5-10x. Would you:
1. Pump fresh fiat out of your pocket into the token sale or
2. Trade off the the altcoins you have for BTC/ETH and invest into that hyped token sale.
Share your thoughts.
The problem is, most ICOs fail and drop in value once listed after ICO. Most invenstors know that. You are lucky if you the coin aftrr ICo will even rich atleast half of it's ICO price.
There is no doubt about that. Most of the ICOs now are joke because of their prices after they are listed into some cryptocurrency exchange they keep on sinking and this is no good news for early investors like the investors at the ICO stage. It is better to avoid investing in ICOs than to keep on risking our money to an almost gambling type of investing.