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Alternate cryptocurrencies / Altcoin Discussion / Re: Never invest no product ICOs
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on: September 04, 2018, 11:05:45 PM
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I was wondering, why a lot of projects don't have such an important thing for a successful ICO as a product.
When a company has a product it means they have it to develop. In such case, a company shows why they need ICO and how the company will be growing. What is more, there is more trust because a company has experience in a field they are working.
For example, KickCity company that exists two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion.
On the other hand, no product ICOs can prove their success just in theory. There is no proof base that product will be developed and will be working right.
In such unstable industry as ICO everything has to be under control. The product is one of the things that shows the campaign is not a scam. That is why I believe it is better to invest in ready-made products ICOs.
I agree. If you invest in a company that does not have a product, then there is a very big chance that you will lose all the money. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: When do you know its time to sell your altcoins?
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on: August 19, 2018, 05:05:03 PM
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Just wondering if ya'll have a typical formula you go by or a certain X percentage profit or loss.
I've been playing around with coins for just under a month now. $23750 total investment and currently up just under 10k in profit. One of the coins (IOTA) has gone up about 288%. Obviously it would suck if it crashed but it would equally suck to sell if it continues to grow.
Just wondering what a lot of you folks do. I'm considering investing another 25 or 50k into coins. Ideally I'd like to net 15k a month off them but I know that may not be realistic on a monthly basis.
The best time to sell coins will be when the market is fully recovered and the price will grow significantly. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Never invest no product ICOs
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on: August 19, 2018, 05:03:50 PM
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I was wondering, why a lot of projects don't have such an important thing for a successful ICO as a product.
When a company has a product it means they have it to develop. In such case, a company shows why they need ICO and how the company will be growing. What is more, there is more trust because a company has experience in a field they are working.
For example, KickCity company that exists two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion.
On the other hand, no product ICOs can prove their success just in theory. There is no proof base that product will be developed and will be working right.
In such unstable industry as ICO everything has to be under control. The product is one of the things that shows the campaign is not a scam. That is why I believe it is better to invest in ready-made products ICOs.
Yes, it is risky to invest in a company without a product, but sometimes there are very promising companies in which it is worth investing. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: NEO vs ADA
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on: August 19, 2018, 05:03:06 PM
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Yes I know that have nothing do do with each other and that you cant really compare. But if you had to choose one from the other. which would it be?
I prefer NEO more, but it seems to me that in Cardano, too, it's worth investing a little money. |
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: 500$ investment on altcoin
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on: August 18, 2018, 05:21:12 PM
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Now in the crypto-currency market there is a very long downward correction, which may not have ended yet. So now it is best to wait for another fall and then invest in bitcoin and ethereum.
Already, the price of BTC and ETH is falling again. It seems that the price decline will continue until tomorrow. I hope the price will not fall very much. |
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