Crypto Market: ICO, IPO, “Chick”
In crytpto market, there are over 1800 coins/tokens exist on coinmarketcap. But, It really is around 50 coins, the rest is born from 50 these coins’ blockchains what we call tokens.
Fig 1: IPO and ICO
Newbies jump into this Market with misunderstanding about Crypto is alike with Stock. And they buy buy and buy and expect it will go to moon. ICO and IPO has the same formality of issuing tokens/stocks to investors, so they do the same in Crypto, investors put their money in ICO on a whim and hope “It will go to moon, soon”, in additional, they’re surrounded with everyone’s statements “Hold to die, if not, you’ll regret” they are tricked like a “chick” (including me :v :v). In the last months of 2017, you can believe in that statement, but now, lots of ICOs were failed or canceled or also scammed, if it is successful, the price will drop 5 or 10 times down.
Fig 2: DIFFERENT PRICES
WHY THERE HAVE THE DIFFERENT PRICES EVEN THOUGH THERE HAVE THE SAME “PARENT”?
Obviously, it depends on the way they organize Marketing campaigns and promote their project to investors. Besides, they cooperate with some exchange, rely on exchange’s reputation to promote their project. Investors always believe in the speeches of famous people in Crypto.
WHICH STANDARD OF CHOOSING THE RIGHT ICO FOR INVESTOR IN THIS TIME?
It’s not hard for us to find a good ICO if we have knowledge. The most prior thing now is which is their company behind that project, and what could’ve they already done? Then what is their strategy in the next 1 year and farther.
Remember in 2014, a lot of investors lost their money, some one said “No one make the same mistake twice” but, it happened again in 2017, and we FOMO on the top and not yet come back.
WHAT SHOULD WE DO?
We can wait unstill the market is uptrend again, and we become a new “chick” again [laugh laugh]