Oneday this advice will make me a crypto millionaire ๐
First of Let me say that Im not a huge ICO guy and i'm not here to promote them as being a safe play by any means. There are many that are indeed VERY skeptical, I would say probably most of them TBH. All the flashy hype these days that's put into the websites and the eye catching stuff that is promoted make it very hard sometimes to do a full detailed and unbiased analysis of a token. So be careful as to where you put your money and make sure you follow a good strategy. Most importantly, don't let your emotions take over. Emotional trading is never a good plan unless you feel like gambling. Also, get involved, read and join groups BUT watch them first to see if they are making any sort of progress or if they show any sort of promise through a track record of success or if its just another bunch of gossip or pump and dump talk. This is the sort of stuff that takes a little time and is what leads some to stray away because it takes a little effort and time to do this.
I have read countless stories from people all over the WWW and many stories from Steemit users who have done really well in their crypto adventures, a few radical cases where regular people who got in at the right time made million(s)!
I on the other hand have made many a mistake on the start of my journey through the crypto world so far and am on the other end of the 'who made millions' scale... I have not made countless sums of smart ROIs or daily returns of $1000's...yet. I have however at least recouped my losses from the many mistakes Ive made with a few smart decisions that all lead me to the final conclusions I want to share.
I was lucky enough to get into one and only 1 ICO so far, and have had it fair out quite well for me! I Bought into BQX or Bitquence in the token sale stage with a little money that I had planned on investing and forgetting about. I purchased roughly just over 4100 tokens, and that cost me about $200 (all figures are in USD), which worked out to be around $0.04 per token.
"Now it shows to be almost 5 cents here on the calculator, and Ill be honest, I was so new into buying an ICO I dont even really remember much about this time and exact numbers. There is so much to learn when buying an ICO for the first time and in my defense, I was a little overwhelmed, however I remember it being roughly around the 0.04cent mark upon my entry so thats what I tell when I share my story"
It then released after ICO stage was over at around $0.06
So if we do a quick little math here, BQX has had an all time high
Thats right, one dollar and thirty three cents as an all time high. I dont think we need to go through the calculations of how lucrative that turned out to be but lets just say it netted me at that all time high point last night, a personal best for my portfolio...
"Worth of BQX coins plus or minus a few bucks"
IN OVER JUST 5 WEEKS
So from $200 to $5400 you can see how much of a gain or a ROI I made on my initial investment. Could you imagine if you have put $1000, or even $10,000 in there during the ICO stage... Well I think it would be safe to say that you could take a vacation without much worry if you did that...
I urge everyone to do their own research and try and challenge what others preach by actively doing things like researching what it is exactly others are saying, read up on your own coin or read a specific white paper to a new project (this is so valuable I cant stress is enough) I try and do all this so as to get beneath the FUD and try and uncover some great potential possibilities
Here I am going to offer my opinion on 3 ICOs that are maybe worth reading into a little more... Will gladly discuss any other opinions on these ICOs
I have picked these three which I believe, IMO all stand for groundbreaking ideas. I am not going to go into to much detail about each of these right now, as I shall do that in upcoming posts but these are the ones I have been tipped onto and done basic research on so far and have come to a decision they are the ones I am going to start digging deeper into. As I divulge further I will share my progress and my findings with anyone who is interested here :D
Feel free to click on the following to view their respective websites, including how much time until or remaining on the token sale.
- Substratum ---> Decentralized internet using PCs
- Monetha ---> Payment implementation ICO
- Enigma---> A hedge fund type of ICO
Just a quick FYI...
Substratums ICO sale is over in roughly 38hours from the time of this post so dont waste too much time in doing some research
๐Monethas ICO sale starts in:
Enigmas ICO sale starts in:
Final words
I am not a professional trader, I do not make a living trading or giving trading advice. Anything stated above has all been IMO. Just because a few smart decisions left me in a position to share my story, doesnt mean that anything is promised. Hard work, lots of reading and many countless hours of trying to learn this new world are needed among many other things in order for one to reach the ultimate goal of being able to make a little bit of fun and or passive income.
But most importantly of all, as a beginner or if you're starting out, you must be having fun... it you are not at least finding enjoyment out of all this, maybe its time to step back and rethink the whole sitch, and why you got involved in the first place... I now I did that, I re-evaluated my goals and what I wanted from this crypto world, and adjusted from there and dont regret it at all...
Cheers and thanks for reading!
Here's to a prosperous future in crypto trading for everyone ๐๐๐
@Diggerdugg
Image source: 1
Dude this is a freaking great post. I agree hodl is key. That is amazing what you got back in 5 weeks. Did you sell any of it and take profits to invest more into the next ico? I appreciate the ICO tips, I will look into them. I really appreciate your support on my stuff and I am glad I came over to check out what you are doing. Great work. I'll be back more often.
Thanks buddy!!! I took out about 25% so that I could spread it out among other coins and as well as steem :) I managed to get into Substratum on the last few hours of there stage 1 ICO too which was nice (second one ever). Hopefully this one rocks out when it gets released :)
I appreciate all your support, and I know what its like to get lost here trying to build the rep :) I remember you from my beginning here and will follow for my time on here. You post great work and am glad to see you rocking out :D
Thank you so much for the rando... that was an unexpected awesome gift. Thank you very much.
I just checked out Substratum and I'm thinking about getting in early. I'm still researching, but worth a $100 ethereum gamble.
You rock... thank you so much.
Thats just it... I bet you've done sillier things with 1 hundo bucks :P
I personally made 700 of 100 in just a couple of hours with the ICO of EOS back then and still am in plus but it's worth 200 now... so time can also be your worst enemy I guess
I hear ya! I still think along those lines when I day trade now... thats when I just step back, and think of when ETH or BTC were worth about the same. I think when time starts to becomes the enemy like in your case, IMO you just gotta add more of it, then it becomes a bigger picture and a bigger gain :D Or it flops, shits the bed and tanks as you wave bye to your $$ haha its a fickle market but i love it!!!
and I am willing to buy more and what ever happens never sell something you believe in... checkout sia coin btw
@diggerdugg got you a $1.62 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
ICO's do have HUGEEE potentials but you have to pick the right one , and it also takes patience to reap your rewards! Great POST!
You got that right! timing is everything and patience is key. Cheers!
In the off chance this advice makes me a crypto millionaire someday too, I'd like to say thanks in advance. So thank you. :)
no prob at all!i hope this advice helps us both out. that monetha tho, really look into that one!!!
thabks for stopping by and reading pal :)