ICOs seem to be the bust of the dot.com era
Just like back during Y2K, very few of the hundreds coming out may prove to be a real investment. In fact, most worthwhile investments happened after that point. Sounds like to me it's worth staying away from all ICOs and just keep investing in the infrastructure. Back then, it was in the internet chain (ISP, routers, etc)... in our case, bitcoin. The current driving force of this technology.
I guess it depends on what one is looking for, but personally I don't even consider a crypto for investment until it has been around at least 6 months. It will at least have a little bit of history at that point. I also tend to buy and hold also. I guess for those that ride the waves, the strategy may be different. With so many different cryptocurrencies out there, however, I'd think that some (many?) are probably sure to fail.
I would not stay away from all of them, but the way it develops right now is not very promising for a couple of reasons ...
https://steemit.com/cryptocurrency/@viennablues/no-trust-no-value-the-problem-with-the-ico-platforms-looking-for-easy-money
Somewhat agree. I agree that it is not developing well right now, but at the same time, it's like seeing companies come up and asking for your gold and promising high wealth if you do. So really, it comes down to investing in what you believe in, because even if it fails, then at least you tried expanding what you believe. But to do it for short term profit? You have a better chance in just holding your btc.
That analogy has some merit. Not sure BTC is comparable to routers and ISP chain. That may be blockchain technology. Which encompasses more than BTC
Agreed. Your example makes more contrast. Of course, blockchain itself is a layer on top of another technology. If we think 3D, how technologies intersect in multiple ways (like socially as well)... well, then it really gets complex!