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RE: The 5 Commandments of Cryptocurrency Trading
Would you say that the cryptocurrency as far as ICO work the same at a stock?
Would you say that the cryptocurrency as far as ICO work the same at a stock?
Thing about ICO's is the current level of FOMO (fear of missing out). With so many previous ICO's shooting up in price on day 1 of release I've seen a lot of people making massive gains as they flip the coins. This is unsustainable and is also bringing in newbies who are starting to invest in everything including the scam coins and cant work out why they didn't double their money on day 1 or in a lot of cases why the coin is now being dumped.
Make sure you do your own research, invest in ICO's that are offering value and be worried about the ICO's that seem to be purchasing hype through facebook ads promising things that don't add up.
Quite often people are not even reading the whitepapers too which is cause for concern
LOL I am guilty of not reading when I first started in ICOs but when I was learning about investing in stock one of the things I learn is to buy low sell high
when it comes to ICO it's 50/50 but another thing I learn was to only invest what you can truly afford to lose