Yes, but you have to be really careful about which ICOs you invest in. You should also bear in mind that the value of the coin takes time to increase and may not be immediate. Be patient and believe in the ICOs you invest in.

No matter how old you are, no matter how educated you are... You can never stop learning.

Apart from the obvious like going to job fairs and looking on job sites, networking and connecting with like-minded people can go a long way. Nowadays a lot of job vacancies are filled via referrals from someone they know.

An idea is not worth anything if you don't act on it. Act fast!

Important to start with something you're interested in or care about, or are good at.

You need to have something that is useable and beneficial to members of the public or at least have some positive impact. You also need to make sure that your product or service will solve an existing problem, or at least make it better. A successful ICO will have a not only talented but passionate team who really believe in the project and share the same vision. This is pretty important as it ensures that everyone is on the same page, which makes it easier to move forward together.

It sounds like you're going to need to recruit or collaborate with others from each aspect of the project. IT, writers and marketing are probably the main ones you will need for now. You may have a great idea, but you will not only need someone to help you market this product or service but also writers who can turn your ideas into words that is easy and comprehensive for people to understand, and possibly want to invest in your project. From experience, it is extremely tedious (but also crucial) to make sure that everything that is written on the whitepaper and website is accurate.  

A lot of ICOs don't have an actual product or service yet, and that can be a lot harder to market. You need to start talking and getting into the community (if you haven't already). From there you can very roughly gather interest for your project. As time goes by you'll probably need to have a marketing team to tackle the social media side.

As for your question yes you can bring on a team to do it for you, but you'll need to have an understanding of how capable the team is and what skills they are going to bring to the table.

1. Potential use-cases
2. Are they attempting to solve an existing problem or help better something?
3. Whitepaper
4. The team and their experience, as well as their vision for the project
5. Is there an actual need for the coin?

As with most (if not all) investment projects, there are always associated risks. In a way it's good that ICOs can offer discounted rates if you buy in early, as you would never really know if the project is going to take off - not necessarily because of scam, but sometimes the demand is just not there. The only way you can reduce (never really completely eliminate) the risks is to do your due diligence and adequate research. You need to know what you are buying into. Ideally you would want to invest in something that has a strong use-case and actually either solves an existing problem or benefits the public, because that's going to help the coin increase in value.

Australia seems to be quite liberal and progressive towards cryptocurrencies. There have been a few major Australian ICOs such as PowerLedger and HCash. Of course regulation surrounding cryptocurrencies are yet to be introduced but overall it seems we have quite a crypto-friendly environment.

It's so great to see that a thread from back in 2011 is still active in 2018! Didn't bother reading the whole thread of course but it would be interesting to see just from this thread how much blockchain has evolved in just 7 years. Nevertheless this is still great advice even after so long. I'm sure we have all learned another thing or two about ICOs and potential scams by now.

Well... It might be replaced fully... But how fast it will be in 10 years..?

There is no accurate prediction about Bitcoin at this stage due to its high volatile nature. But if I am to squeeze out something. Yes, it is going to steadily move up in price. The reason is due to its decentralizing ability and the application of blockchain.
Nauticus Blockchain Market Analyst

Are you guys seriously interested in Dogecoin? That is interesting....
Personally, I reckon looking for some more sustainable and usable coins.
Nauticus Blockchain Market Analyst

Bitcoin is bitcoin and gold is gold. One is intangible and the other is certainly tangible.
Nauticus Blockchain Market Analyst

Don't expect a whole lot. That sort of easy money scheme will never happen.

I am going to Canada then. 

It is never too late to invest in this sort of controversial asset. It is still strong and healthy due to the quick recover from the recent bloodbath.
Nauticus Blockchain Market Analyst

Panic sale happening is creating more opportunities for new investors who missed the train last time. Keep your head up and invest wisely.
Nauticus Blockchain Market Analyst

I would say it is never too late to invest in this special sort of asset.
1/ Realistically, pump and dump is still happening everyday. It could be a 2-edges knife. Either give you an opportunity or make you to donate to the market.
2/ Based on the most recent bloodbath and the pace of recovering, the market is still strong and healthy