🔋🔋Is the ICO Hay Day Nearing An End? Strategies Moving Forward🔋🔋

in ico •  last year

hay day.jpg

Hey Steemians inventor16 here,
Here's a post on what I've been noticing in the ICO world, and what my strategies will be moving forward. When you look at past returns of ICO's for certain coins they are ridiculously high. Here are the top ones listed at ICOstats.com (https://icostats.com/roi-since-ico).

ico stats.JPG

You can see that Ethereum tops the list at 91,000%+, followed by IOTA and Stratis in the 50,000%+ range. It's no surpise because of these incredible returns, that hedge funds have now entered the game. According to Forbes there have been 15 new crypto hedge funds starting since this summer.

These new players have taken a lot of the profit out of the ICO game. Look at Tezos for example, that recently raised over 200 million in their ICO. Do you still think that these crazy 91,000%+ returns in a few years are possible with this much initial capital being raised? I doubt it.

The last ICO that I played was BOScoin, and they had a cap of about 15 million. I'm happy that I made that investment because of underlined technology behind it, solid team and it's a Korean coin which seems to gain a lot of interest.

My strategy moving forward in the ICO world, is I'm going to sit out any ICO that isn't capped. And here's why.

1️⃣ Due to hedge funds and other big players getting into ICO's, the potential returns are greatly reduced

2️⃣ When investing in an ICO, you lock up your funds for quite a long period. How long will depend on the particular ICO. You might get a better return on investment keeping your coins invested in a different coin while they develop the new blockchain

3️⃣ Since the majority of the crypto market seems to be tracking each other. Meaning when one goes down they all go down. You can just wait until the new crypto coin hits the exchange before buying in. That way you can wait until there is a drop in the whole market to get in, and you aren't stuck with whatever the price ends up being when the coin hits the exchange.

At the end of the day, we all want to make money. And I'm going to be sitting out the majority of ICO's. I'm not saying it's the best strategy, but I am saying that it's what I'll be doing.

sitting out.jpg

So see you on the sidelines brothers, for those of you who end up following my strategy. And to those that are still buying into uncapped ICO's best of luck to you as well 😉.

Follow my blog at https://steemit.com/@inventor16

P.S. Show support by liking this article with as much juice as you can spare! 😊I'll reward for comments if you show support and resteem this article. I'm fully RECHARDED 🔋🔋🔋now after 5 day voting break (111.6M VESTS)! Indicate if you resteem in the comment below.

I'll Upvote 100% if you resteem and have 800+ followers
I'll Upvote 50% if you resteem and have 400+ followers
I'll Upvote 25% if you resteem and 50+ followers
I'll Upvote 1% if you have at least 10+ followers

I want to pass all my juice back to you guys for showing the support of my blog, I believe it's a win-win!

P.S.S. Thank you to all the loyal supporters, without your support I wouldn't be here publishing new content for you. So thank you again!

P.S.S.S If you show up in the top 5 of my like juice, I'll Maxvote your comment, regardless if you resteem or not. Just to say thank you to any Whales or Dolphins that are kind enough to like and comment on this post.

Disclaimer:

This article is for entertainment purposes it is not to be considered legal for financial advise. I’m not a financial adviser and this is not investment advice. Following this advice could result in complete financial loss. Consult with a financial adviser before making any investment decision, and do your own due diligence. I disclaim any liability from any financial loss due to information, commentary, opinions, advice and/or recommendations that prove to be inaccurate, incomplete or unreliable. Use at your own risk.

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I dont know why I miss all the profitable ICO. You have done good by highlighting this point and your strategy. I will look to be part of ICO wisely now.

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@cryptokraze thanks for the continued support my man

Good morning bro! That's a nice truck! I don t feel comfortable with ICOs but it seems some of them can make you rich!

Resteemed!

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@jwolf thanks again for the support, Maxupvoted. How ya been?

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Awesome! Today is my father birthday man! Party here 😏

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@jwolf nice, we should have an ICO party on steem 🍻🍻

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Yes! Let me grow a little bit my SP to have the right mood!

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Full 100% upvote and resteemed to my 1240 followers :-)

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@lichblick thanks for the continued support bro! Maxupvoted.

I keep my strategy simple... Bitcoin and Steem. I guess I'm kind of a chicken when it comes to ICO's... the crypto market is volatile enough without getting spread too thin. I do wish I had gotten in on Ethereum, but hindsight is 20/20. Good article upvoted Resteemed & followed.

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Maxupvoted thanks!

Great post. Upvoted and resteem this post) Good luck! Waiting for you)

I have to look inside the ico further, but first upvoted and resteemed :) Now I can read..LOL

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Maxupvoted thank you!

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Thanks @investor16 ! Also your strategy seems interesting for me, did not thought so far about ICOs even a friend try to convince me everyday to buy one ether to do an own not capped token :)

upvoted and resteemed to 4500 followers!

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@brothermic thank you so much brother! you have a legit following. Maxupvoted.

better play it safe...

Very nice post @inventor16. I am currently ICOed out. I have 3 more on my radar but think Ill just be in HODL mode otherwise and take a needed breather. The ICO process is exhausting and there are like 5 a day now. Lol.
Resteemed, Followed and 100% upvoted.
Feel free to check me out and follow back if interested. Im just a minnow, but am making my way to Dolphin as soon as I can by earning it with quality interactions as often as possible. Much respect to all at your level who think about us next generations of dolphins. Cheers

Great post.

Upvoted and resteem :)

I resteem this post.

Crypto currency is so feverish that I do not dare to buy or sell.

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Thanks for the support!

Upvoted and re-steemed!
Nice post...waited for Tezos until the last minutes but still did not invest. Instead I found a much smaller one , made me happy!

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Thanks bro!

Upvoted and resteemed to my 400+ followers.. Good item.. Yeahh I was also hit by the ico virus.. unfortunately way too late. put some money I could miss in 3 projects... all 3 are still at ico or below... sometimes I think why do I always know this kind of things too late... only one gooed thing is that I learned steemit being busy with crypto..

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Thank you 2.. i thought you wanted to know which ico i participated.. in Total only for 0.3 btc.. So i Will not be homeless.. only invest what you Can miss And loose.

Resteemed to 430+ followers 👍🏻

It happened to me once! purchased when they freshly hit bitfinex, now they are trading at just .21$ :(
Upvoted and resteemed to 110 followers :)

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This comment has received a 0.28 % upvote from @booster thanks to: @shehryar.

High quality article @inventor16, thanks! So definitely upvoted and resteemed :-)

I totally agree with your strategy. To be honest I am currently sitting out all the ICO's. Not only because some are not capped, also because some have no working product whatsoever. Some are only an idea on (white) paper and that is just too tricky to me.

It's not about the idea, it about the execution!

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@cryptotem I agree a lot of hype out there and vaporware.

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Vaporware, cool term! Learning new stuff every day ;-)

Upvoted and Resteemed!

Resteemed to my 285 followers and upvoted.
Investing in ICO is a good strategy. Multiple returns are possible. Trading is always risky only experts can do.

Excellent article, I only have invested in a few ICOs myself and only when the technology was there. Resteemed!

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Thank you!

Pump and dump can give u high retrun , just have to play it, right look at tenx ico
Resteemed and upvotes 188 followers

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@vegeto yeah man, def can be played if it gets pumped, but no guarantee that would happen, and if it doens't your funds will be locked up for a long time or you take a loss.

Good post, Re-Steemed

Thank you for the info! :D Also, I love that pool & I am sitting on one of those chairs haha! :D

I like your logic of keeping to capped ICOs. I think it also makes sense to earmark a specific amount or percentage of my "speculation money" to go into ICOs that have teams behind them that I can trust. Got to manage the emotions when an ICO gets frothy.

Resteemed!

There so many damn ICO's right now, it's getting nuts. I'll probably just pick up a few EOS. 🤑

You know me, I have to always comment on your posts. It's Savage 😎

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P.S. What is considered a "dolphin" anyways haha

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@stackin it's like an ICO a day brotha!

A dolphin in my book is like anyone with over 25k SP. But then it again it depends on voting weight. I'm maxupvoting my top 5 juicers. You can see that by hovering over the likes, it ranks by juice. Obv need to wait a bit to see how it all settles.

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I better start Stackin my steem, I don't want to be a minnow anymore :)

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hahaha were u ever a minnow @stackin? lol

Always a pleasure my friend.! ICOs will start dying down now.

Resteemed!

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thank you bro!

hi @inventor19 , Personally I like the ICO and think it will make me rich
transfered 75 eth to it
Resteemed this post

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Thank you bro!

Interesting strategy i may follow suit thanks for posting @inventor16. Upvoted and resteemed.

Thanks for the juice passing (sounds kinda dirty after typing). As long as there is quick easy money to be made, little regulation, and a hype train to cause fomo, new icos will continue to flood the market imo. 100+ followers and thanks for the amazing encouragement through your upvotes!

First, Congratulations @inventor16 for your BOScoin.

Yeah!! Your strategies are correct and safer to play.

Today's ICO's are totally controlling by Whales. Many tried for EOS & IOTA and ended up sticking their transaction on pending list because of the high gas paid by WHALES.

Maybe your point

"You can just wait until the new crypto coin hits the exchange before buying in.

may get them land on the safe harbor rather missing the whole opportunity.

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I decided to stay out of EOS due to unlimited capping

Full 100% and resteemed :-)

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Thank you!

I am about to jump on my first one ---> http://betking.io/

Hi and thank you very much
I have Upvoted and Resteemed your post to my 500+ followers
Much love and I wish you a lovely time

Upvoted & RESTEEMED!

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Thank you!

Awesome post as always @inventor16. Had to manually look for you as I haven't seen you post articles for a while. I totally agree with your strat. I've been sitting on the sidelines myself ( maybe because I don't have money anymore to invest anyway lol ).

Resteeming to my 100 Followers.

That seems wise. Uncapped ICOs are in a weird spot, but capped ones show that the team behind the currency isn't just out for as much money as they can get... Smart idea.

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Yep, with uncapped you're stuck with all the other big money players

A wonderful publication Greetings to you I wish you a beautiful day

These ICO situations are becoming crazy! :D I just want things to become a little more stable to be honest :P So what's your current favorite crypto?

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Steem obviously :)

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I like your choice :) I would have to say the same. Good job brother. I see you also joined only recently. This is my 17th day here on Steemit :) You are doing an awesome job! Keep things rolling!

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Thanks man, trying to hustle and make as much steem while the competition is low.

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Yes! That's a fantastic idea. Where do you see the price of Steem being in the next 12 months about?

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I think it'll be over 10 within the next year.

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Well that's something to look forward to :D There are so many decent opportunities out there, but the thing is, it can sometimes get a little over-whelming.. I think it's best if you see something with good opportunity (Steemit being a great example), we should dive in with 100% effort, and success is inevitable! :)

Glad we connected man. I just made my last post, so I am off to sleep :P Talk soon.

Informative post , looking for more good stuff

Investing in an ico and holding your coins for sometime always return awesome profites very often. I am a witness. . look forwards to more of such write ups from you. I'm @eurogee

nice post, thanks!!

Thanks man @inventor16 learns new things from your post about holding thanks followed you for more similar post and need mentor ship of you because I'm newbie :)

Indeed ICO is risky proposition but if you play it well you can get some profits 😎👍

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by inventor16 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.

I think that some ICOs may recover pretty well after the 1st of August but most of them have been burned to the ground after the recent market events.
I'd stay away from ICOs for now.
Thanks for your advice and suggestions @inventor16

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Your welcome

All that chlorine.....ouch - get to a nice beach amigo :-) Seriously, it's wise to point out the big boys have entered the game. Many hedge funds will be secretly investing in crypto too.

some nice strategy,great post

nice article you are good with your plans

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Hi thank you very much for your kindness
I am your new follower
I have upvoted you and Resteemed to my only 72 followers I am new and I hope to gain more followers
Best Regards

I never really was u to the ICO's like that.

Great article!!
Upvoted and follow!!

great info once again.

Thanks for the article, nowadays most of the ICO's are taking a hit as soon as they start being traded in an exchange, look at BNT, BAT, NMR and others which is ridiculous and it defeats the purpose of buying at the ICO

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@helios definitely defeats the purpose for sure

ICO is always a profitable investment. people should save some money to invest in ICO. thanks for sharing @inventor16..
Resteemed.

Your initiative is very good. I do not know much about that coin.

I will be following you

Honestly I am not a fan of all these new ICOs if anything I am I guess what you would term "piggy backing" off the currencies that are being used to fuel ICOs such as ETH. I have a feeling many of these ICOs are just cash grabs and wont be followed through.

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A lot of vaporware yep!

follow me and i will follow you back.

I dont know anyting about these currencies as I am just plain stupid, but find them very interesting and keep reading. Maybe one day I will understand. I upvoted and resteemed not something I do very oftern so thank you.

Great article @inventor16. I found out about you just now and will follow you for more. Upvoted and resteemed to my 600+ followers. Cheers, @Finance2nomad

Nice article, I am a newby but will look more into your posts to learn.

Great post

Nothing worse than having ya funds tired up !

Nice post @inventor16! Upvoted and followed you to see more blogs :D