Participation in ICO or investment at pre-ICO stage is a very risky step. Its just like purchasing a shop on 40th floor and the ground floor of that shopping mall is just start to build.
There are so many ideas/concepts is trying to prevail in the market but is there any formula to separate strong project from scams/weak projects.
Which scale should an investor use to go before investing in a coin? Is it the code, or the system it based, or their community strength, or is it depends on their venture capital that how much big it is?
There are lot to consider when investing on crypto. I will state some of them with my previous experience on the this kind of market. First of all if you have to know all the basic stuffs in cryptocurrencies, because without this you would just go follow random coins blindly and it can lead you to certain unacceptable outcomes. Now, lets go to your health, of course you should be physically and most of all mentally fit, because some failures will be waiting for you ahead and if could not take it then it could lead you to depression and worst is make you crazy or sometimes death (Suicide or being killed for your PK). Another is of course the money, this is the main thing you need because if don't then couldn't invest on coins that you want unless you take some free coins that are most of the time worthless (Airdropped Coins). If some you have the money then I will strongly suggest that you go first with the coins that are already hot on the market with huge market capitalization and stuffs that supports it being alive until today, it can give you useful experience if you are planning to invest on new ones. There are lots of things that I could share but maybe others would help out to so I am giving chances here, well again this base on my experiences out here.