Hello everyone,
I am a new bird, and a Beginner in th Blockchain & BTC World!
IT IS A EXCITING MOMENT IN THE COMMOS!
Thanks to BTC, Thanks to BitcoinTalk.org.
I want to get in ICO, I know there have many BULL in BTC, plz give me some tips.
Thanks!
I think since you mentioned specifically the ICO part, be sure to be a little careful where the information about the ICO comes from . For instance, the "ICO Rating" sites very often take payment for listing ICO's, or "featuring" them. A site that does this might not provide in-depth analysis that a more neutral site would.
There are SO MANY coin offerings at the moment that's it's very difficult to even weed through them all. When I look carefully at an ICO, I do this:
1. Look at the team listed on the ICO page. Check their LinkedIin profiles. Do they have anything on their LinkedIn profile that indicates that they are actually affiliated with the ICO? If there is no LinkedIn profile, and the bio looks too good to be true, I use IMGUR to search the web. Is the person pictured actually the person they are supposed to be?
2. Read the whitepaper. Read it again.
3. Drop into Discord/Telegram/Slack and ask the team any questions you might have about the ICO. Note not only the response but also the general tone of the room/channel. How are they responding to others? Are the answers coming from a member of the actual team or is it a marketing company they hired? Nothing wrong with the latter, but it's good to know who is answering you.
4. Check out the ANN page here on this forum. Then read the reaction and keep an eye out from shills. Especially note how the team handles criticism - both fair and unfair. Are they professionals in the way they communicate? Do they seem to have the skills it might take to do something good with some millions of dollars?
5. Check for prior ideas by the team. Have they been thinking about this for awhile? Posted any articles? Is there a GitHub repository?
6. How are they planning the mechanics of the token sale? How do they plan to handle the regulatory issues, which are obviously evolving (Just listen to Jay Clayton today before Congress wherein every single ICO in his mind is the sale of a security). Will it be handled in a way that will not cause the freeze of their assets, or some other regulatory issue?
Those are a just a few, but there are pretty important ones.
Beyond the ICO, also realize that crypto is a lot of fun. For instance, if you have an i5 computer or above, look on the ANN threads for new coins that come out that are "CPU Mining" and "ASIC Resistant" and "POW/POS" ... and try to get in early before difficulty increases and mine a few coins so you understand wallets, etc.
Above all - have fun and embrace the technical parts of crypto, because it really will transform the world and you are in the relatively early stages of adoption.
