What are ICos?
This is a question coming from Allan Rapanan Pasagui
Can you also make a review about loyalcoin?
Bitcoins Meetup:
Hi Allan Rapanan Pasagui thanks for personal sharing, there are thousands of coins now on the market, not sure if I’ve time now to review loyalcoin, but ill try
Bitcoins Meetup:
Bitcoins Meetup Okay just googled it and couldn’t resist the urge to write down my thoughts because I don’t want you guys to lose money hahaha, here are my tips when buying ICOs
#1
99 percent of them are pump and dump scheme, they try to hype the product and get initial investors and everybody unloads after launching
#2
Why would you invest in an. unproven ICO your Bitcoins has no boundaries so why invest it with a weak an unproven ICO when you can invest on any strong ICO that has more potential and probability to make money, just check youtube there’s a ton of good recommendations if you just want ICO alone, but of course remember 99% of them are garbage and it really takes some hardwork and research to find the needle in the haystack
#3 Do not invest in ICOs not unless you have covered all bases in research, review and managing your risk and exposure when investing. I prefer undervalued AltCoins that are already out of the ICO hype and the dumping is over and re-asses its leadership, team and community if it is still intact and i still like the token and it is still getting good reviews on youtube then it its still a solid token that has more potential and less risk than an unproven ICO concept.
#4
There are 2 stages for ICOS, 1) Preselling and 2) actual ICO token sale. Strong ICOs do not advertise their preselling because it is already sold out with their own community even before the pre-selling begins . If you look at LoyalCoins they have pre-selling now running even before the ICO token sale so be careful because you might be the one buying it at a loss.
#5
Leverage on Youtubers reviewing altcoins and ICOs, there’s a ton of great advice and reviews already on youtube and they did the work for you already in terms of threading the needle in the haystack when it comes to finding potential altcoins and ICOs. All you have to do is invest your time as well in listening on youtubers one by one, it would still be hardwork but now with youtube its already a combination of smartwork.
Just to share with you I spend at least 3 hours a day listening to non-stop boring (to others) youtube talks and reviews talking about altcoins and bitcoins and correlate them altogether to get a feel of my next investment, sometimes it takes me a month to fully decide on 1 token after hearing hundreds of reivews about it. So before converting your bitcoins you should be absolutely sure about the altcoin or ICO you are going to trade bitcoin against with.
Recently I got a good tip on Cardano when it was at 3 cents 2 weeks ago, now it is at 13 cents so I Quadrupled my money in 2 weeks where it took me 6 months to quadruple my money on bitcoins.
Now don’t assume this kind of market price gains happen all the time and most Alt Coins sometimes lose in terms of market gains versus bitcoins, so if you are not sure of what you are doing don’t take your cyrptoassets away from Bitcoin form without due diligence. Biitcoin is and will always be the majority of my portfolio, I just convert a few of them when I see an opportunity and converts them back to BTC when I made short term gains.
Even with all the crazy market gains bitcoin already made, in the entire scheme of things in the crypto universe bitcoin is still the most conservative form of investment. It already quadrupled my peso value in the last 6 months and it is still conservative when you compare to the crazy things that’s going on in the cryptoverse.
Final Quotes for you:
“Invest only what you are prepared to fully lose”
and as what Warren Buffet used to say “WHATEVER YOU DO, DO NOT LOSE MONEY!”
and as what I always say, “Count your assets in terms of Bitcoins or Bitcoin value and never ever lose your Bitcoins because they are becoming more precious by the day”
Disclaimer: This is not a financial advice and I’m no financial advisor, please consult your own financial advisor or do your own due diligence when investing in any crypto assets.
Thanks for the question Allan Rapanan Pasagui and thanks for the support in our community.
