My technic to find good ICO's

in #investors-group7 years ago

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Hi, Dear Steemian Friends. Today I would like to give a few tips on how to make some good benefices out of some coins. In the crypto field, there are three ways to make good returns on your initial investments. The first one is the daily trading and in my opinion, it is not the best way to get big returns. Or maybe you already own a few billions $ that can drive the market with you only move but if you are in this case you don't even need to read this post. The second option is to buy cheap of course and hold your coins as long as possible, I am personally an adept of this technic and it works fine for me but I also use the third option to make even bigger returns. The third option is to buy coins during the ICO's (initial coins offering) it is just before a coin project will be launch on the market. By buying coins during the ICO phases you get your coins at the cheaper price ever and if you are very confident about a project and want to invest 1 BTC or 1 ETH get involved in the pre-sale just before the ICO really starts. Today with the huge amounts of ICO's it is difficult to be sure about what is a good project and what is a bad project. If you can choose a good ICO and after getting your coins at a really cheap price and go for the second option to hold it on a long-term (1 to 5 years) you will get millionaire. The main problem here and especially for the newcomers is how can they choose a good coin during an ICO. Today I want to speak a little about it and how to find a good one.
My technic is to make a kind of frame (like in Exel or even on paper) with as many columns that you need to make your own rating for each coin based on your own research.
For me, I usually start with the name column of the coins ICO where I list the different coins I am looking for.
My second column will be about their website, I will look at the website of the coin and look at its presentation if it is made by professionals how the navigation is and all the parameter that makes it a good website. By doing so you can find some poorly made websites mostly meaning a non-professional team behind all project.
The third column will be about the so-called "White paper" take the time to read it and rate it about how understandable it is, its presentation, the technology. Sometimes "White or Black paper" can be hard to understand.
The fourth column will be the one concerning the team (it is always better to not invest in a team that doesn't appear as it can be a scam). Here you will look at every member of the team in the project and will follow their personal links like on linked, look at the background of the peoples, also look at when the linked account has been opened so if it is a new account it may be made only for fooling people. Try to find very high profile guys in the team with a solid background in the field required for their coins project. A legal team and advisers must be present as well. Check if they do really exist in the real life by searching them on the net.
The fifth column and it is an important one is the coin use. What will the future coin be used for? Does it add something to what is already in place in the specific coin field? Does it have the capacity to add something in the real life or the technology world?
The column six will be about the technology behind the coin. Does it use existing and well-recognized blockchain technology or is it a new technology? Does the team be good and big enough to handle it? Is there already a working blockchain or is it a future project?
The column number seven will be on their roadmap. What is the achievement in the future what is the date of every step in the project?
The column eight will be about the coins supply. Is the max supply is going to be millions of coins or billions of coins? the more coins the less volatility and the longer will be the growth.
The column nine is about how the total of the coins will be sold. How many % of the coins will go to the company, developers, legal, advisers, and marketing? The biggest amount the company and associate to the project, the less decentralized the coin will be allowing more easily market manipulation and pumps and dumps.
The column ten will be about all the links the coin project gives at the end of their page, like Facebook, Twitter, telegram .... ask your questions and see how much responsibility is the team. You can see how much they care about you and how they respond to all of your questions.
The column eleven will be about what I call web talk. Go to different websites and forums about cryptos in general and ask other peoples what they think about this coin.
The last column, in this case, twelve will be your final rating.

In each column make a kind of notation like 0 to 5 and give the most important topic a higher weight in the end rating. Make your final rating and see how much importance all these topics added together give to the coin project. Don't be lazy in your research spend some time in researching, a good coin at ICO price is like a few diamonds in the future. Last think even after the ICO is closed and the coin has entered the market and it goes 5 times the price very fast, keep calm and keep holding it if it 5 or more quickly it may go 1000 times in a year time and more the next year. This is how many people have turned a thousand or few thousand in millions $. It can be good to cash out your initial investment when ever you feel the coin has made a lot but hold the rest.

Make your own research, take notes, rate your findings in an organized way. Invest only what you are willing to lose if your choice is bad. And get rich with your crypto journey.

Be safe
@ricko66

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thanks for these valuable tips. however, most folks are shying away from ICO's because its usually difficult to rate at that stage. But stilll as you mentioned, investing from that level can make one millions if the person is patient enough in this kind of volatile market!
have you heard of elyte? www.elyte.biz
thanks for the info

I just read out your post .I acheived a lots of experience that i never knew before . These tips are very helpfull for me.

I think this is an awesome tip and I will try to do this ! I heard you need a metamask to invest in The ico our how does it work ?

Metamask applies only to the Ethereum ecosystem. It is not necessary and also it works only on Chrome.

Alright cool :) I will try your method sometime soon ! I I become a millionare I will send you some beers as a gift 🎁

I am currently looking into Fast Invest ICO. Already working FinTech looks strong!

Great post!!!
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