Internal coin offerings are they a get-rich-quick scheme?

getpayed777 (45)in #whalepower • 7 years ago

Picture source @cointelegraph.com
My original writing 100%
Internal coin offerings continue to soar in popularity, and the mainstream Financial Center is calculating how it can get its slice of the pie financiers are ditching well-paid careers to take stake their claim in the Ico empire. Finrech Blockchain Group a hedge fund already investing in 20 internal coin offerings, at this point it's very appealing because the potential of great prophets and lack of regulations, so far not bound to the traditional financial sector, sky is the limit. Just recently United States Securities and Exchange Commission suggested tokens could be subjected to regulation but ICOs have managed to skirt under the radar of the regulations aka greedy hands of the government. ICOs raised more than $1.2 billion in 2017. Comparing two Ethereum platforms upon which raised only $18.9 million during its 2014 ICO.Tezos, EOS, and Bancor each raised more than $150 million during the recent ICOs.ICO is a promise to develop an idea or service internal coin offering projects are good faith attempts to bring Innovation to the digital currency space. But others have been guilty of preying on investors lack of due due diligence. I personally wouldn't give anyone money unless they are showing me something tangible not empty promises because don't trust anybody but that's just me. So if investors are getting ripped off they're to blame for not properly researching and assessing the risk of the internal coin offering contributions also some of these coin offerings have capitalized on this get-rich-quick mentality. Most of these will sell you the idea that their coin will be the next Bitcoin which is a complete lie. So before investing make sure you do all the proper research because there will be nothing like Bitcoin don't buy into that lie. Eventually governments we'll figure out how to regulate it but it's certain that I see always are here to stay continue to function as a digital gold mines especially as Banks enter the picture a fortune to be made but the huge question is who will be making it. My original work Vote Resteem Thank You!