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Author Topic: How Ico's work ?  (Read 68 times)
Emilstyl
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October 20, 2017, 10:01:09 PM
 #1

Hi Guys.
In the last few days I'm studying 10 hour a day this new world of cryptocurrency.
I came into the ICO thing.
Now i'm just wonderting one thing...
I've seen that since the ICO, some crypto have gaines ridicolous % like 40.000% (Stratis), 20.000% (Ark), 7.000% (QTUM), 6.000% (Lisk) and so on.

I think I can't understand how this work probably.

Does it mean that if I invested 10.000 euros in Stratis ICO, now I will have 4 Millions Euros ?
I don't think it's possible, I can't believe something so easy to get rich exist in this world.

I've been though that you have to work hard, create companies, give value to people and so on in order to get rich. Are all those bullshit ?
I'm kind of shocked. Do you know anybody who become really rich with this cryptocurrency things or those are just legends ?

I've also read somewhere that most of Crypto who get those bumps, is just because you can't convert them in real money and just use them in some close marketplace and so on.

Somebody is so kind to explain to a newbie how does this work ?
I've also seen the bitconnect scam thing... seen videos on youtube about guys making tons of money with that, how this is possible ?
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hosseinimr93
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October 20, 2017, 10:13:37 PM
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Many people have become wealthy with Bitcoin and other cryptocurrencies. Charts show it and everything is clear. But now it's no longer that easy. for now investing in ICOs is more risky. You might lose your money. Those who are rich now with cryptocurrencies are people that believed it when no one knew it or paid attention to it.
If you are new to cryptocurrencies, know that you can make huge money with it, But it is not easy, It needs much efforts and patience.  

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October 20, 2017, 10:22:18 PM
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So it's true. Yeah I know but it's really crazy that.
I will study and study and study until I'll get the right one. Thank you so much Smiley
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October 20, 2017, 10:33:04 PM
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It's simple think of ICO like a easy version of IPO , people offer shares for their project , u buy the share for a price , but the price is fixed by the dev , the price may not be what market values , so it may be having a lower price after it hit exchanges
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