I am a newcomer to the crypto market.
Should I invest in ICO projects or would I buy bitcoin to hold and wait for the price? Please give me advice.
Sincerely thank you.
I think reassessment on the conditions in the market should be reconsidered
before investing or buying anything foremost. Currently prices aren’t that cheap
if you want to purchase altcoins and bitcoins. Diversifying your intended investment
would suit you best. Investing in ICOs is a a very good long term investment as long
as it’s a solid and promising one, eliminating or lessening your chances of scams and
increasing good chances to profit and be part of something innovating. Buying btc
however requires careful price assessment, though buying btc below $10k might still fetch
you a nice and happy profit if it spikes up in the coming months to come.
Completely agree its important to take into account current market conditions. Yeah
prices are not cheap rite now ,yes despite the current fall in prices u still have a lot of vapour vare
coins like TRON (perhaps also cardano but debatable) that are massively over valued, not to mention denta coin which is still worth 300milon circulating supply.
I personally feel a lot of these bullshit coins will be purged and only once that happens can we say that a bottom is in.
As for ICOS its generally very risky, and new investors will often invest to much in them hoping for quick gains only to lose it all.
Ideallyu should stick to btc/ether for a while until you get a greater feel for crypto markets. Look at the more established alts first(lisk/Neo/DASH/Z-cash/Monero) and so which will offer you higher returns with a still acceptable level of risk.
All the while research into ICOS and try and find good projects with solid teams and concepts. But its always advisable to look into ICOS and there claims with a health dose of skepticism. And if you feel or are confident that you have indeed found a gem limit you investment to 5-10% of your portfolio