The World of Cryptocurrency - Which ICO is worth Investing
Cryptocurrency is slowly taking over the world's economy. In fact, day after day more companies were engaging their business in crypto technology and even to a point in launching their own ICO's (Initial Coin Offering). There are also millions of individual who are supporters to his kind of currency and those are the investors, traders, miners, lenders & etc. Literally, cryptocurrency is the evolution of a monetary system that will reign in the world's market. If we are wise enough, we should ride-on with the flow for us not to be left behind in the dark corner scratching our heads.
Currently, ICO's were flooding in the web and inviting us to invest in their platform. Youtube, facebook and twitter are their main outlet to open-up their platform for a public scrutiny and reviews. They have different style and methods on how they present and sell their platform to their audiences and there are tons of mouth-watering promise they made just to invite supporters. In just a week, there are hundreds of ICO's that were launching and its very confusing for us which is the best ICO wherein we will invest our hard-earned $$$.
I'm also a big fan of ICO's - competing from a thousand "cryptonians" just to buy some coins. But the big question is, how are we going to determine which ICO are we going to invest since there are so many out there launching their coins. Legit and scam platform were both inviting for investors and we must know which is legit and avoid those scam ICO's. I always do the process of elimination until I come-up with the last remaining ICO and there I made a decision to invest in it. Below are the steps I always do to determine which ICO Im going to invest. :
1. Platform and Road Map - Every ICO's have its own whitepaper to show to the public whats there plans and where are they going. Timeframe is very important that can be found in their "Road Map". The time table from the launching of their coin to the availability on the market should not exceed 3 months otherwise it gives red flag to us. I prefer those ICO that offers Lending, Staking and Trading platform - this will maintain the hype of the coin and thus inviting more investors to jump-in the bandwagon.
2. Hype - We can't deny that hype is a big factor to invite more people to invest in their ICO. The more buzz that it made, the better - it is an indicator that something worth in this ICO. Let us remember that Investors makes the ICO launching successful - the more people invest in their coin, the more success they can get and the buzz itself invites investors. I always use google trends to determine how much hype of a certain coin. You can input any coin in it and compare its graph to determine which coin is the talk of the town.
3. Web Page Expiration - Some ICO's having only 1 year contract in their web page and some 5 years. The thing is, if they are planning to stay longer then why they would get a 1 year contract only? But of course, they can renew it when it expires, however it will still gives a red flag to me. I am using Whois to see its page details.
4. Research Online - Youtube and google is a reliable tools in researching this ICO's. We should consider the others opinion and reviews for us to widen our knowledge on a certain ICO before engaging in it.
5. The Web Page - It is very essential to make their page clean and proffesionally done. This is their face and doorstep in their platform to welcome us the investors. The page should be neat and user-friendly and all the necessary documents and papers must be there.
Good luck guys in your search for best ICO in the market and hope that I impart a little knowledge to you on how to determine the right coin to invest.
ICO of any coin is best technique of earning.
its a high risk but gives high reward
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Bitcoin derives it's value from it's use-case to store value, digitally across multiple nodes around the world in a decentralized way.
This means there is no entity to take down, or for to go mad with power. It simply exists as the internet does. If the internet or power goes down, the world would be fucked as it resolves into panic. But every single hard drive with a copy of the bitcoin ledger would have to be altered in exactly the same way (at the same time online) for the system to be hacked. Every hard drive would have to be destroyed for your reflecting balance on the last block to be lost. If your bank blew up, your balance would be lost. If your government goes mad with power, your fiat will become worth less than the labor of carrying it. Furthermore concerning value, there is a finite supply of bitcoin, a golden meteor can hit america and wipe it out, killing the demand for it, while doubling the supply. If civilization is truly entering an awakened state, our materialistic value would fall away and gold would be worth the little use case it has.
The block chain is the innovation of trusting each other by letting everyone look at all transaction taking place and agreeing on them. New use cases for the block chain include proof of work, proof of stake, proof of concept, proof of IDENTITY, proof of location, and even proof of existence. These use cases keep emerging as early innovators reap the growth of holding bitcoin. Big companies and even the banks and governments are getting in on the action. Most of these innovations are in the development phase and need the world's funding power to realize their vision, so go vote for the companies with a clear vision and a strong body to carry this out.
The money hungry worms behind our misguided capitalistic world are also amongst our dreamers and believers that want to make a difference for more then just their own sake, even some dreamers have turned to the dark side as power fills their minds. Companies get created around bitcoin and get's taken down by their government if they do not fall under regulation, an innovator with 'power' cannot blatantly state that he is aiming at disrupting the system of the people in control, he will be made an example out of. The real game changers are working with the system as power gets redistributed. The people in power are blinded by ignorance and their hunger for a piece of crypto's pie will be their downfall, once they realize we no longer see their need, it will be to late, they will not have more (previously perceived-) 'power' than the average adopter of the new world.
On that note I would like to advocate bitcoin and the need for a trust-less system. Imagine the story; Lord of the flies. A group of kids are stranded on an island and looses all civilization without it's rules and guidelines. I do not support the book's conclusion but I agree with the story. Once the fucked up side of people that shows itself at the end of the book is what would trigger change.
For human-kind to rise, we must experience some kind of fall, for if we keep rising we know we are probably on some kind of delusional wrecking ball. Once certain issues have been confronted, a resolution would occur and future resolutions would be built on previous resolutions. I believe our sense of reality is built on a number of false resolutions put into place for personal gain, these supports are crumbling and we might fall, only to rise in a real-free market where ethical-capitalist pillars can be built in the place of our current system or we can fall into the mad max fantasy and evolve from there.
Back to Lord of the flies. The kid's relationship was build around the need to trust, there was no mommy or daddy or teacher to validate the information they were sharing, just as in the real world, we need the service of a bank to confirm trust that we have been paid from someone else or are abiding by the rules as set out by the governing body in order to come to a conclusion. The block chain allow all the kids on the island to know exactly what each person is up to or effected by so no schemes or sense of delusional bubble mentality can occur. They furthermore do not need a parent to tell them what to do because they all have to be in consensus about a subject in order for them to move forward on a decision.
This system only improves as more nodes get involved and the bigger the track record of this proven system gets. Before globalization was a thing, is where the kids are on the island now. Once they find other islands with other groups of kids their resolutions would intertwine and a better resolution would be proposed, this is where we are now, except most of our leaders and the leader's influences are corrupt, not because the position corrupts, but corrupt people will find their way into the sweetest apple.
Distrust in our service providers of trust is causing chaos and a way to deal with each other without NEEDING to trust, because trust now simply exists through the method of the block chain, has come to light. I believe our fall might not be as big because we can take the system without destroying it. We have an alternative in crypto and we need just transition before the old system collapses. The old system is presenting itself in the crypto sphere with products that promise many things, like big returns and 'free money'. Just keep in mind why we need bitcoin and the block chain, think if the company that you are thinking of supporting, are supporting the old way of doing things, or are they working to a better future?
My belief is that fiat will end up in the hands of the 'poor' communities, this will empower them to rise to the digital world eventually, here is my article on this matter.
here is my link to a propsal on how to solve the problem that all the forks are trying to resolve. By burning the amount of bitcoins with which you want to transact with into fractions of that bitcoin, the bitcoin community could create this coin tied directly to bitcoin in the sense that 100 bitcoin silver represents a bitcoin, and a 100 bitcoin copper would be one silver, like in most mmorpg's. At the end of the month, your business burns all it's bitcoin silver and copper into bitcoin again, adding to the big ledger, and subtracting from the forked ledger. The forked ledger would always batch up with the bigger ledger, and value would remain in the system.
For now, stick with the smart people, the ones that have 'bettering the world' and not just the stakeholders in mind, because a 'better world' is approaching. choose the right side.
what you said is even more than this post XD
Thanks for bringing up the subject!
Super interesante tu blog de hoy, sobretodo porque estoy muy nueva y apenas estoy conociendo el mundo de las criptomonedas.
The world will convert to cryptoworld.
Most likely 🤣
Thanks a lot @alizahfhaye for this post about investing in ICO
I wasn't having any idea about this
ICO 4NEW: a decentralized ecosystem for waste treatment
We decided to present this project because it offers a viable solution to two major issues of our time: energy and waste management. Indeed, 4NEW is the first ecological solution in the world to propose a recycling of waste, based on a Blockchain. It plans to revolutionize the waste industry, allowing consumers and industry players to use their FRNC tokens for payments within the 4NEW ecosystem. The company is offering consumers the opportunity to regain control over the processing of their waste and benefit from it.
4new's project: generating electricity from waste
Waste-to-Energy: To understand correctly, waste-to-energy is a process of producing energy in the form of heat and / or electricity from the treatment of waste. It is a form of energy recovery that must be used more by its ecological and economic side.
Is that a new ICO? When will be its launching?
The company has already identified three sites for launch in the UK, and the 4NEW platform will be fully operational by December 31, 2018.
I never thought about checking the domain ! Thanks a lot , but as soon as the scamers know that people are checking for the domain , the might just take the 5years , It s only a few $ difference for them.
I agree with you but some at least at this moment on we can check their domain expiration as one of our guide. And later on we will discover another way of cracking those scammers ICO's
As far as near term ICO's go, I think that the Metronome project, spearheaded by Jeff Garzik, meets all of the above. With someone as integral and intimate with the Bitcoin project/community as Jeff, we can definitely expect a coin that makes real improvements over existing blockchain tech as well as has a goal of expanded real world usage. I personally think that a coin that can work over multiple blockchains like this project will have real value and change blockchain technology as we know it. My only concern is the dutch auction style offering the coin is using for its ICO. Will ad a real element of strategy to the initial purchase. On the other hand, if this ICO plays out like other success stories, the initial price wont matter too much!
Wow, very detailed post. I. Would like to add to this already well written post, that before you invest in an ICO, it would be important to have some level of physical contact with those carrying out the ICO. Make sure they have a physical building where they exist and try to get someone to check them out. This should be in addition to all you have listed above. This reduces any form of fraud or wrong investment. Thanks
You just add a very important item to determine whether an ICO is legit or scam. Thanks for the additional info buddy. appreciated!
Bitcoin derives it's value from it's use-case to store value, digitally across multiple nodes around the world in a decentralized way.
This means there is no entity to take down, or for to go mad with power. It simply exists as the internet does. If the internet or power goes down, the world would be fucked as it resolves into panic. But every single hard drive with a copy of the bitcoin ledger would have to be altered in exactly the same way (at the same time online) for the system to be hacked. Every hard drive would have to be destroyed for your reflecting balance on the last block to be lost. If your bank blew up, your balance would be lost. If your government goes mad with power, your fiat will become worth less than the labor of carrying it. Furthermore concerning value, there is a finite supply of bitcoin, a golden meteor can hit america and wipe it out, killing the demand for it, while doubling the supply. If civilization is truly entering an awakened state, our materialistic value would fall away and gold would be worth the little use case it has.
The money hungry worms behind our misguided capitalistic world are also amongst our dreamers and believers that want to make a difference for more then just their own sake, even some dreamers have turned to the dark side as power fills their minds. Companies get created around bitcoin and get's taken down by their government if they do not fall under regulation, an innovator with 'power' cannot blatantly state that he is aiming at disrupting the system of the people in control, he will be made an example out of. The real game changers are working with the system as power gets redistributed. The people in power are blinded by ignorance and their hunger for a piece of crypto's pie will be their downfall, once they realize we no longer see their need, it will be to late, they will not have more (previously perceived-) 'power' than the average adopter of the new world.
Distrust in our service providers of trust is causing chaos and a way to deal with each other without NEEDING to trust, because trust now simply exists through the method of the block chain, has come to light. I believe our fall might not be as big because we can take the system without destroying it. We have an alternative in crypto and we need just transition before the old system collapses. The old system is presenting itself in the crypto sphere with products that promise many things, like big returns and 'free money'. Just keep in mind why we need bitcoin and the block chain, think if the company that you are thinking of supporting, are supporting the old way of doing things, or are they working to a better future?
My belief is that fiat will end up in the hands of the 'poor' communities, this will empower them to rise to the digital world eventually, here is my article on this matter.
here is my link to a propsal on how to solve the problem that all the forks are trying to resolve. By burning the amount of bitcoins with which you want to transact with into fractions of that bitcoin, the bitcoin community could create this coin tied directly to bitcoin in the sense that 100 bitcoin silver represents a bitcoin, and a 100 bitcoin copper would be one silver, like in most mmorpg's. At the end of the month, your business burns all it's bitcoin silver and copper into bitcoin again, adding to the big ledger, and subtracting from the forked ledger. The forked ledger would always batch up with the bigger ledger, and value would remain in the system.
For now, stick with the smart people, the ones that have 'bettering the world' and not just the stakeholders in mind, because a 'better world' is approaching. choose the right side.
The domain expiration part makes a lot of sense, it shows how confident they are about the project.
Thats true. its more cheaper to get the longest contract of the website than renew it yearly.