Making money of ICO's
ICO's have been the hottest thing in the crypto world in recent weeks. Outside of the headaches they may have caused, they have provided investors with great opportunity to multiply their investments rapidly
source: dashforcenews
There are 2 popular ways that have emerged to go about this
- Get in on the ICO's wait for them to his an exchange and dump them once the price hits your target
- Wait for the token to hit the exchanges, buy at cheap prices once the initial dump is over
I believe most investors are going with option 1. This has made early investors a lot of money. Take for example the recently launched - EOS. Many people got in at sub $1 level. It took a couple of days for the token to gain steam, but it quickly scaled $5 and has now settled into the $3 range.
On the other hand, most new tokens have witnessed a sharp decline in their prices soon after listing. While it is yet to be seen if their value recovers - it matters little if you truly believe in the tech behind the tokens and the team behind them - presenting anther opportunity to those with patience.
I prefer to wait for the ICO's to be listed as this gives me an opportunity to gauge market acceptance/reaction and also to get a good buying price.
You're absolutely right. It's good to wait. Good article