My first time participating in ICO
I'm fairy new to crypto and block-chain world, but during past 3 months, I have learned a lot about it and I happy to share my experience so far.
My very first ICO I have participated in was Etheroll project, to start with I wasn't paying too much attention to it, and decided to crowd fund the project just simply because I liked the idea. I didn't even care if I will take back what I invested at all.
Today (after 3 moths) my small 150 USD investment is worth around 7k USD, and at this point I believe the project so much, that I wouldn't even consider selling my tokens for 20k USD. If you want to learn about Etheroll more, feel free to read this amazing article which explains a lot a bout the project: https://medium.com/@toulon79/the-investment-case-for-etheroll-a48d2be8a614
I can call myself lucky, since this project is turning out great. However, now after it's heading in really good direction, I started to analysing what is the reason behind this success, and how I could do this again. My main rules by which I decide whenever to participate in ICO now are following:
- See if idea creates enough value for the user.
- See who is behind the project, learn as much as you can about the founders.
(Token value depends on project success, which means that even perfect idea, can be killed by bad team) - See how many tokens will be generated. More tokens there are the longer you may have to wait to get good return.
- Speak with fellow investors, see what they think and try to hear as many opinions as you can.
- Last but not least important, trust your guts.
As you can see, you don't have to start big, in order to make big.
!IMPORTANT Please be aware that some ICOs can be scams, always stay sharp!
With icos, one wins a lot or one loses a lot! It is the risk of icos
Obviously, but you can see how likely the idea is to succeed and decide whenever you want to take that risk. That is why I came up with some general rules.
Going to try EOS as my first ico buy. Looks like it will take a long time for it to grow since they will release an ico over 341 days (first times it has been done). Also they are giving out like 1billion coins so the price may take even longer to get really big if it wver does. What i live about the project is that it is made by the guy that made steem and bitshares. So i am in. Etheroll was a great choice.
I participated in Civic couple days ago. As well as MGO about a month ago.
I had quick read on EOS, but need to research more to see if I want to invest into that.
Good idea. And you have plenty of time. :20 minutes to go and i am in on eos :D
NEVERDIE ICO is LIVE.
The first block chain based Virtual Reality gaming crypto! NEVERDIE coin will allow monetizing the game items in real cash economy game Entropia Universe. NOW game player can cash out their in-game money earned by playing game and can exchange NEVERDIE coin with other ERC20 tokens such as Gnosis, Golem, and Frist Blood.
https://steemit.com/ico/@maxtill94/nevedie-ico-full-analysus-why-you-should-buy-neverdie-coin-gaming-cryptocurrency-coin-comparision-with-gamecredit-mobilego-first
Good post. I was about to start a similair discussion. I found that running a business depends on having enough money to run the business but definitely not to much. We give this icos to much money so they are less intended to do an amazing job, they don't have to work to become a profitable business because in their eyes they are already. An interesting website I found: https://www.coincheckup.com I really missed a platform that analyses every single coin in depth but this site gave me all the answers.