Today I've decided to sell my car to invest in IEO or ICO.
Is my decision right?
Is it with a lot of investing in IEO can refund my money?
I recommend you stop and use that money to buy a new car. Do not try to make money at the bear market, this is the absolute rule of many investors. Do you think ICO or IEO projects can live in a period where bitcoin is constantly falling? The cash flow is narrowing towards Bitcoin and the alts seem to be dying from lack of liquidity. Recently, Binance's IEO, TROY and HBAR, are no longer profitable for investors. Everything is broken and there is no more profit for us. Now we should wait for the prosperity of 2020.
He's probably not going to listen, as you say there are particular moments in the market in which it can be incredibly profitable to invest in ieos or icos but this is not one of those moments, as traders we need two different kind of skills in order to be profitable, the most obvious one is that you need to be able to increase the size of your capital when the conditions of the market are favorable, but the second one and the one that most people do not really appreciate is the ability to protect your capital when the market is going down, and right now we are in a stage in the market in which you need to protect yourself and your capital.