RE: 🤑 BECOMING RICH - EP. 36. - Times are Changing... 🤑
ICOs have lost their lustre and I have not got into ICO for a long time. My last two ICO saw a contribution of a grand total of 1.5ETH to test the water. The price on these are down and its paints a big picture gong forward. However, my small contributions to earlier ICOs are still doing very well because they are possibly the first movers and ICOing very early on in the year means release of working platform in the next month to three months. So they are starting to bear fruits.
The machine gun approach to selecting ICO no longer rules the day. Maybe during the earlier days when everything went up as soon as thy hit the exchanges but no longer. You now have to pick and choose carefully even then it is still hit and miss. Going forward, ICO should be considered as investment for the long term and not for immediate capital gains.
Even BTC is subject to big swings, so buy and hold unless you are a dad hand at trading. As long as there are ICO, ETH does not appear to be going anywhere.
Steem at this low price is a steal especially with BTC nearing another ATH. Reap the appreciation over time whilst using SP to grow your stash by upvoting and commenting and the various tools like Streemian and Minnowbooster to generate passive income.
Yep, I think the swings in BTC will cause a lot more losses to people than my current (unrealized) losses in some of the best ICO's that are heavily undervalued right now but have real potential behind it like VERI.
It remains to be seen.
I read some of your posts trading Populous. The real use ICO I see at the moment is probably Populous and they are going live with their beta in the new few weeks I hear big news on the grapevine. I have written extensively about Populous and if you are interested here is the link https://steemit.com/populous/@marcusxman/populous-full-steam-on-the-spur-line.