ICO's ARE GOOD or BAD..... or SCAM's ? FOR BEGINNERS

in cryptocurrency •  20 days ago

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Hello Steemians!!!

Lets talk about the trend of these days on cryptocurrency, ICO's.
Initial coin offering, similar to the IPO(for companies), but less regulations.

ICO's is a way to help and support projects to go to the next level, and at the same time a good investment.(or a good way to put your money on the bin"scam's")

At the moment most of the ICO's require a Whitelist, so you need to register in the white list so you can participate on the public sale.

Sometimes ICO's have a pre-sale before a public sale, where you can find tokens a $0.01 or less.

Most of the cases a ICO's (public sale) can take 3 or 7 days to sale all the tokens, if is a really good project, good team with a great idea, will take only 10 minutes to all the tokens be sold out.

Rule number 1 - Where is opportunity to make good money, is always there a opportunity to lose it...(scam's)

I always like to advice to do your own research when you investing in cryptocurrency, when investing in ICO's you really need to investigate with the help of FBI!!!
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These are the websites that I use for my research:

Please be careful when investing in ICO, scam's are everywhere(youtube, twitter, discord, fake projects)etc etc.

When you invest in ICO's you need to use a wallet to transfer your ETH, I use #myetherwallet.

Rule number 2 - Never transfer your currency from your exchange to the ICO, #NEVER

Each ICO have specific rules, read them all & respect them, if not you can lose the chance of a good investment.

Rule number 3 - Start with a small investment $100 or $200 Max.

Resume:

  • Create a myetherwallet or other similar
  • Research a good project, with a good market.
  • Make sure that is not a #scam.
  • Be on time for the ICO, (remember a good ICO can finish in 5 minutes.)
  • Think in a ICO as an long term investment.
  • Don't invest what you are not ready to lose.
  • Good luck & Hold.

Thank you for reading and for commenting!
Please share, upvote and let me know your thoughts!
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PG

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