How To Win With ICOs

The flurry of new ICOs appearing at the minute is staggering. It was a term no-one had heard of a few months ago & now it's the hottest thing in crypto!

But, let's be honest: Most will fail to deliver, the developers will use up the funds raised & not have a viable product at the end. Other's will just be scams. Still others will build a product no-one wants (it's not commercially attractive), or a 'me-too' product that does nothing new. But SOME, SOME will be awesome! They'll have Apps running on hundreds of millions of phones, they'll grow to multi-billion $ companies. So what the hell can we do? How do we predict what ICOs to back?

Don't try to predict
I don't know what the successful ICOs are going to be & neither do you. There's just not enough data in the whitepapers (even if we DID read them), or anywhere else for us to make meaningful judgements on their offers. The breathless stories in the crypto press, the pumping going on on Reddit & Slack groups... ALL guesses, all hype. They don't know either.

A different Approach
Who profited most from the California gold rush? That's right, the guys that owned the general stores. There was no way to predict which prospector would strike it lucky, and even if he did would he be robbed or tricked out of his stake? But the store, ...EVERYONE needed the store. And the guys that found gold & exchanged it for dollars, well those dollars were spent in the only place around, the general store (and the saloon!)

So....to profit from the ICO madness, be the store. In other words, buy into the network that almost all the ICOs are planning to use for their projects - Ethereum. Yup most ICOs will fail, but SOME will explode in popularity and use and this explosion will lead to - much more traffic on the Ethereum Network.

This way you don't NEED to guess who will succeed & fail. All you do is sit & wait for some to (inevitably) succeed. This will cause the traffic on the etherium network to increase dramatically, and consequently your ether to rise rapidly in price.

All comments gratefully received. Is my reasoning wrong? Do you have a better way? Please tell me below.