For now I advise against choosing ICOs with bad reputations. people no longer believe in ICOs. The absence of an agency that regulates the creation of ICOs makes everyone free to make for fraudulent schemes. Nowadays people are more interested in IEOs with large exchanges, which is definitely a profit. Like yesterday's $ SFP IEO launch at binance was a huge success and was capable of 20X the sales price. Don't waste your money on useless ICOs
That's right and I would rather invest in solid projects like PolkaDOT instead of trying my luck in scam ICOs and you said it right, there is no agency or legal body that governs the legality of these ICOs.
IEO, which are conducted on shitty exchanges, should not even be considered as an investment in such projects. But at the same time, it is noticeable how the number of IEO held on top exchanges has now decreased.
100% agreed, a better option than investing in IEOs would be to invest in new coins that are listed on solid exchanges like Binance and others.
I'm not saying all ICO's are scam but their market has a bad reputation already, lots of scammers and only few investors are playing, please don't try to join.
ICOs were great years back when there were a few of them and people introducing the idea were actually concerned about it. Now almost 99% of the ICOs and IEOs are scam and if you are able to invest in any of them and come out profitable that's just the definition of being lucky.