The Most Undervalued Thing About ICOs
Most of us are in the ICO game for tting that we are supporting new groundbreaking technologies to emerge.
We should be interested in ICOs in terms of real value, not just for portfolio value. And that will help our portfolio value too. Let me explain.
We are supporting a set of technologies that are changing the system we are living in.
Inventions that come out of ICOs are not good for just one nation. they are here for the whole globe. This is very important to note. It's not just for one nation, or one part of the world.
Technologies that can help us, and our children to live in a different world. Where we can be free of people who tell us what to do all the time.
There should be even more ICOs, and we should be really happy about that. Seeing the big picture is important here.
A lot of ICOs results in a healthy chanege. And the speed of advancement can only add more value to all the other parts of this living mechanisms.
How can seeing many blockchain technologies emerge everyday can be a bad thing?
Yes, some the ICOs will not bring forth a product, just like it happens in the Kickstarter sometimes.
If you know about common tech investments, angel investors and venture capitalists often lose all their money when they bet on a startup, it actually happens a lot.
With flourishing new tech on blockchain cryptocurrency ecosystem, there will have more opportunities for advancement, and massive adoption.
Mass scale adoption is key for the growth of this market. And new blockchain inventions and platforms can only help this market to serve millions of people.
There are yet only a couple platforms like Steemit, where adoption is easy for the mass public.
The more ICOs emerge, the more pressure they will have on existing technologies and systems, and the more we will see adoption, increasing all the other cryptocurrencies' value too.
Thus, seeing too many ICOs is beneficial for investors, traders, developers, entrepreneurs, and for everybody else in the world.
Being aware is really important, most people just look. Next time, feel that feeling, that you are helping a seed grow. A seed that can become a mighty tree.
P.S. When you are investing in an ICO, think about how much value they can bring to the world, how many people can they serve, how passionate their founders are, and make your bets accordingly. Think in terms of value, and you'll make better bets.
Sincerely,
Arcturian
You may be interested in taking a look at this article too:
Why Defending ICOs From Pump and Dumper Whales Is A Problem We Need To Solve
https://steemit.com/cryptocurrency/@arcturian/why-defending-icos-from-pump-and-dumper-whales-is-a-problem-we-need-to-solve
Great post. Very helpful for a newbie like me.
Thank you mate
Completely agree with you about the potentially far-reaching implications of blockchain and crytocurrency on commerce and life in general. My tentative investments into ICOs have been driven by projects with potential to drive more mainstream usage of blockchain tech. Of course, wading through white papers, researching devs/management teams, and sifting through biased message board chatter is time consuming.
It's always better to do all that research, than to go blindly while investing. I hope there will be a great platform in the future where we can actually have a better picture of an ICO, in a faster and more reliable way.
This post has received a 5.44 % upvote from @booster thanks to: @arcturian.
It's true many large investors take chances every day on new ideas. I don't see this going away any time soon. Thanks🐓🐓