my thoughts exactly @killuminati@evelyniroh - it's totally possible to make money with ICO's but IMHO that's more gambling than investing... there are more and more ICO's released every day now, many of them will either drop or have a very brief pump before dumping... meaning that you'd have to time your sale perfectly before you lose money. It's tough as well since most ICO's aren't available on the main exchanges, so it'll involve setting up a new account somewhere then transferring your coins there to trade. You may be able to tell I've tried this a few times. Lost a bit of money the first time, then the second I would've lost but luckily I forgot about it and ended up "holding" til I broke even.
To conclude I wouldn't discourage you completely from a new coin if you think it has potential but since there's often a dump in the beginning, it's smarter to wait a few weeks or even a few months until it's at a low enough level where you can pick up the coins at a good price. This idea was also advocated by @jerrybanfield :)
my thoughts exactly @killuminati @evelyniroh - it's totally possible to make money with ICO's but IMHO that's more gambling than investing... there are more and more ICO's released every day now, many of them will either drop or have a very brief pump before dumping... meaning that you'd have to time your sale perfectly before you lose money. It's tough as well since most ICO's aren't available on the main exchanges, so it'll involve setting up a new account somewhere then transferring your coins there to trade. You may be able to tell I've tried this a few times. Lost a bit of money the first time, then the second I would've lost but luckily I forgot about it and ended up "holding" til I broke even.
To conclude I wouldn't discourage you completely from a new coin if you think it has potential but since there's often a dump in the beginning, it's smarter to wait a few weeks or even a few months until it's at a low enough level where you can pick up the coins at a good price. This idea was also advocated by @jerrybanfield :)
emmm Good