Are ICO's a scam or the real deal? Your thoughts please Steemit Nation!
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Alright Steemit Nation your opinions please?!
So we have ICO's sweeping the crypto world. It seems like it's all about them these past few months, gaining momentum particularly these past few weeks especially. Obviously there is a ton of opportunity here. But is it healthy? Especially knowing that there are going to be a ton of scams and crap coins coming down the pipe along with every truly golden opportunity? I mean being relatively new to the crypto currency world, I have sunk myself head first into learning as much as I can since becoming an investor into what I truly believe is about to be unlike anything we have ever seen. But there is so much to learn and fast. Enough of a task when you're doing it on your own with no hands on guidance and a shit ton of really bad advice from people who know not what they speak of as if they do? BAHHHH HAHHH laughable! Some of these idiots on you tube... where do they get off? Now there are some pretty legit people there as well. Props to you guys you're great! OK sorry off subject.... but then you come across ICO's and its a whole other world. One with insane possibilities but also changing the crypto world in ways that I can see are unhealthy, at least in the short term.
Please note, I really don't know that much yet so I'm just sayn for now, this is what I see and hear, which is why I'm seeking wise advice from the Steemit cryptos out here.... After all you're the ones who are more serious and seasoned investors from what I see... First, you have all these companies coming out with ICO's left and right, asking for your ETH and Bitoin... kinda disrupting the flow of investors holding or day trading cryptos to now invest into the ICO they are banking on. Seems to me like the recent downturn in the uptrend of many of the coins that was on course to continue to go down a little then up a lot has been halted since the ICO craze. I mean there were three recent "crashes" without real recovery cause they just keep coming. I get that that is an opportunity to buy in at the right time for the smart ones who buy on the dips, something I have adjusted well to myself, but also I think it is a direct cause of the ICO craze that is cutting in to a system that was working just fine. I hate to see greed win out and ruin whats already so golden in this time.
Second, I feel like a lot of people are going to get burnt in some of those crap ICO's, turning people off the crypto world in general when they could have been lifetime investors. Lets face it there are corrupt greedy people who are planning on taking advantage of this explosion and screwing people while they laugh all the way to the bank! I feel like you're better off, especially if you're new to all this madness, just holding on to your ether or bitcoin or whatever crypto you're using and in the long run you will be happy with what your have gained and continue to gain. Holding the right coins is what I believe is the best ling term and safest strategy to crypto currency success. Definitely not dogging the ICO launch because like I said I only know so much, and I am planning on waiting to get in on the right one and get my feet wet. I'd be foolish not to explore this corner of the business. All I am saying is we should be very careful and do plenty of research before getting in over our heads. Especially us noobs... we don't need anybody being chased off by the bad guys and their schemes. Healthy growth is what is going to make this opportunity of the crypto world far beyond amazing and extremely profitable for a whole lot of smart investors who see the big picture and see way down the line.
Alright friends your comments please! Lets spread intelligent useful information and make sure we do this right, helping each other along the way. We are all in this together. Like minded visionaries every one of us. God bless!