Most ICO´s Are Going To Fail! - 50% Of Them Did Already!
Many Altcoins are nothing else than ticking time bombs, which will blow up one day leaving all bag holders behind with some coins being worth nothing at all. Especially while investing in ICO´s one´s gotta be aware of that big risk.
According to tokendata.io already more than 50% of all ICO´s that took place in 2017 failed, leaving investors behind with big losses. The below picture just show an excerpt of the hundreds of failed ICO´s as it may be found on tokendata.io
That being said it´s still unbelievable to me that people just keep investing into ICO´s as it´s actually nothing else than gambling with a 50/50 chance to win. Very often those promising projects got nothing else than a fancy website and a big vision but they collect millions on a regular basis.
I´ve written and warned about this many times already but I really think it can´t be mentioned often enough. Do your own research before investing into a project, don´t listen to the so called crypto gurus on social media who call out one coin after the other...
Are You An ICO Hunter?
Or Are You Rather Playing It Safe?
(Source - news.bitcoin.com)
(Source - tokendata.io)
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how to measure the fundamentals of crypto can anybody throw light on it
There are a few big things to look at:
Careful what you invest in ;)
You are 100% correct. Crypto is an evolving new asset class and might as well label it a sector of the financial space now. Very similar to the internet actually. Almost exactly the same.
Nice post, thanks a lot.... But as I see it, Steemit has come to stay, I'm confident if cryptocorrency still exists, then the victory day is near. The platform featuring so many ways of blogging make it exceptional, that's why I put almost all my trust, and so are crypto investors out there...
extraordinary & surreal!
fantastic & elated!
Yeah. Many coin is down, like bomb money
thanks sir
This is was obviously gonna happen. Back in 2013-2014 when I started with cryptocurrencies the altcoin boom was happening. Only about 10% of the coins from back then still survive. And I think there were a lot more coins back then. This ico thing is small in comparison. I remember seeing a number like 2000 on coinmarketcap back then (for amount of coins).
Nice. I always checking if there are new airdrops are booming.