RE: The ICO Phenomenon And The Marshmallow Test
I went on a few ICOs so far, and on all of them I had at least 1 year in mind for whatever return would have been possible. With that being said, the initial "bonus / discount / whatever" that you get in an ICO is wiped out on the first dump and for a few good months the price stays below the ICO. But after the first results, the price is slowly starting to rise.
Would it be better to wait for the dump and buy there? Well, I don't know.
I'd rather stay with the project from the beginning because that gives me a better understanding of the team, the dynamics of the product and so on.
Going in when there's blood on the streets would be too "speculative" for me. I use this when I'm trading (or I try to, to be honest) but when participating in a tokenized business form day zero I try to have a slightly more "agglutinating" approach.
I don't know if that makes sense at all, lol :)
I get it, I really do. And frankly, the communities I am most involved with I have been with from the start.
My problem is being able to separate the enthusiasm (or outright fraud) from the facts of the coin. That is the reason for my waiting in some instances.
I think maybe we are saying the same thing with jellybeans and marshmallows. I'd gladly trade a marshmallow today for eleven jellybeans tomorrow. :)