Korea bans ico's

Korea has decided to ban all ICO's following China. While this may seem like bad news I believe it brings more awareness and will eventually bring much needed structure to icos as there have been a lot of scams making people millions with people trying to cash in.

My criteria when looking at an ICO:

• Does the ICO have a solid product plan?
• How strong is the development team and do they have experience in the tech they are building
• Is the idea unique in that it is something that will continue to revolutionize the crypto industry or is the ICO just a way to make cash to build a product?
• Is the ICO product exciting? Sometimes a technology my not be 100% understood technically but the ICO does need to be able to explain their concept to non-technical people.

ICOs will continue and are still being launched regularly in other countries. Don't throw out the idea of investing in them just because some countries are cracking down. This is just a way for countries to better figure out, regulate and make informed decisions on how to get into this ICO world. Some countries will widely accept and become a haven for ICO's as one has done already.

Even after ICOs have finished and gotten on an exchange doesn't mean they are free and clear yet. A few exchanges are beginning to analyze their coins to determine if they are considered securities and if they are then they will be removed from the exchange. Be careful which coins you go long on at this point. I am not a financial analyst and as that you make your own informed decisions. If you want to know if a potential ICO coin may be a security then google 'howie test'. This is what is used to determine this by the SEC and some exchanges.

My strategy at the moment is to stick with the main coins such as BTC, ETH, LTC, XMR, etc until some of the ICO and exchange issues get solved as you don't want to be holding a lot of coin that you can no longer trade or have to sell quickly at a great loss.

Listen to others that are top contributors to crypto and ICO news and hear what their take is on an ICO as well. To be honest, the risk of investing a large chunk of money to try and make making a huge return in an ICO is not worth it to me. I am not saying there is not a lot to be made but i think there is plenty of growth in established coins that are already on the exchange to make as much and sometimes more in the short and longterm.