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Author Topic: What is ICO?  (Read 1181 times)
Lamamba
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June 18, 2017, 02:29:11 PM
 #21

How profitable is to invest in ICO? It all seems like gambling, because it depends on what kind of team developers they have, it is as similar to trading you could well profit from but you can also lose money, and for this already exist exchange office and can be accessed at any moment

In short terms ICOs are profitable, like 2x or 3x but in long terms it's risky; 'the coin' can go to even 10x or you can lose your profit or even most of your money.
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June 18, 2017, 02:38:15 PM
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How profitable is to invest in ICO? It all seems like gambling, because it depends on what kind of team developers they have, it is as similar to trading you could well profit from but you can also lose money, and for this already exist exchange office and can be accessed at any moment
It is a risky investment but far from gambling... You can research a lot of things about this coin (team behind it, structure of ICO, their goals, where will you be able to buy that coins, what are they going to be used for...and many more). So if you know what to look for and how things will influence on price you can know the future of coin pretty good.
If you see ICO and don't do any research at all and invest in it - then it can be considered as gambling, yes.

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June 18, 2017, 02:39:45 PM
 #23

What exactly is ICO?
Abbreviation has already been explained above but this is where individuals or companies raise funds for projects through crowdsales

Can anyone develop ICO?
YES but not every project turns out successful

What are the requirements for joining ICOs?
This is the easiest part all you need is to have funds, bitcoin or eth usually to be an investor of a project

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