ICO stands for Initial Coin Offering.

An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.


When a cryptocurrency startup firm wants to raise money through an Initial Coin Offering (ICO), it usually creates a plan on a whitepaper which states what the project is about, what need(s) the project will fulfill upon completion, how much money is needed to undertake the venture, how much of the virtual tokens the pioneers of the project will keep for themselves, what type of money is accepted, and how long the ICO campaign will run for.

If you wanna learn more about ICO
here is the source Initial Coin Offering

Seems that ICOs are the best source of Bitcoins at least for the ones who start it... it's everywhere now, seems to be "the next big thing"

An easy way to think of this is:    
Trading = income   Buy & Hold = investing

Buy and hold is a passive investment strategy, often used by people that don't have the time, desire, or skill to actively manage their holdings. It is usually associated with long term savings goals of 10 - 40 years (not 10 - 40 crypto days - lol). It works best if you choose quality investments, or in the case of cryptocurrency (risky), spending only what you can afford to lose on a particular coin because you believe they will be one of the few that will be here in 10 years.

Keep in mind that only 10% of all legitimate cryptocurrency projects are going to make it, so you may be better off waiting to see if they can deliver on their promises.

The profit in a buy and hold strategy comes in the form of long term, capital gain appreciation that is not taxed until you cash out. You are often taxed at a much better rate, and in some jurisdictions there is no income tax at all on capital gains.

secure it all

its best to have your access to your funds secured in different formats incase one goes missing/lost/corrupted/forgotten.

but generally seeds are better to handle

yes it has!
all the wallet clients should store that seed, private keys, usually public key, and transaction details somewhere and that somewhere is a file called
- wallet.dat (bitcoin core)
- default_wallet (electrum)
- wallet.aes.json (blockchain.info)
- or any other possible similar names (other clients that i have never used so i don't know!)
and usually these files are human readable unless encrypted.
backing up the seed has the benefit that you will never need the wallet client to recover your funds, you can use any code (should be trusted source though) to recover them. but if you back up some of these wallet file types you have a harder time recovering your funds without the same wallet client.

I go with both, but would always choose SEED if I had to. The only issue I can foresee for storing seeds is that someone else who might come across it would easily notice that it's a seed. So I store mine in a pattern only I would recognise (I throw in some red herring for example or use it in a paragraph of text) and send it as emails to several addresses to keep.

Actually there are too many terms but thou must take it simply. For simple rules, just don't put all of your investment in one investment program/altcoin/currency at a time since it couls cause to lose without recovery. Unlike in investing with multiple investment, you can eliminate risk and you could still make profit from you other investment if on of your investment gets deficit.

Buy and hold is a strategy in investing, this how it works Buy and invest while the price is low hold onto them until the price of the said alt coin will increase drastically then sell it to gain huge profit. Of course there is also a risk because not all alt coins tends to be successful. Not all alt coin increases its price so it is a risk. So better study the vision of the alt coin ask inquiry and go if you want to invest or not.

funds are not moved to your computer. they are on the blockchain.

electrum is just the tool to view and communicate with the blockchain. but you dont need to be permanently connected to 'accept' payment.

the network accepts the payment by confirming transactions into blocks. the blockchain is not in one place, never shuts down it is 24/7 network..
you can view your funds on any blockchain viewer (node/explorer) but only move funds if you provide your private key

your private key is your proof that you have the authority to move funds... all you need to worry about is having the private key to that public address to prove that you are the one thats allowed to spend it, whenever you want to spend it at a later date

wording it another way(fiat analogy)

telling your employers your bank details that are wrote on your debit card. does not mean you can only get paid by having to have your debit card permanently inserted into an ATM. or by having a sleeping bag and sleeping inside the local bank. or by having to log into your online bank and stay logged in

you can get paid whenever.. by whomever and however much they want to pay you..


your private key is like your ATM pin number. dont tell anyone it. but you will need it when its time to spend the funds

Quote from: RENATA612 on May 03, 2017, 03:01:51 PM

Today many people rely on bitcoin, in the sense that they are now focusing on the world of cryptocurrency, leaving their jobs

Is there something like this, is there any special tips because i want to focus but not yet dare?

Ive hear some cases for some people who do quit on their job and mainly focus on bitcoin world because they are earning here than on their previous jobs.It might be possible butt its a risky thing to take since we do know bitcoin world or cryptoworld doesn't give assurance that it will last for a lifetime.Better to be sure to have a constant income here on bitcoin world before planning to stop your job or else you wil lsurely regret on the end.