How you can make millions as a crypto venture capitalist with $1000 or less
The short answer: Initial Coin Offerings (ICO’s)
Now. If your first instinct is to roll your eyes and click away or you’re new to this world. I’d highly recommend reading my previous article.
It shouldn’t be any surprise to us that when there’s a new technological trend sweeping the globe, business isn’t far behind and those that fail to follow are often the ones that are left in the dust. Internet… smartphones… and now, blockchain related tech.
Once you research into these areas you’ll begin to realise how these technologies are going to decentralise and change many parts of the world.
Inadvertently, they’ve already decentralised investing in a way.. Giving more people access to investment opportunities with ridiculous returns that would usually only be available to accredited investors or the super wealthy.
There will never be a better time to invest in crypto. It’s only going to boom from here.
So what is an ICO and how is it going to make me crazy profit?
An ICO is a new method of crowdfunding that allows new blockchain companies to gather funds for the early stages of their project. Since they are so early stage and haven’t been established in the market yet, you’ll be able to purchase coins or tokens related to their project for ridiculously cheap as they’re still building trust in the market and need initial funds.
Let’s look at some examples
Ethereum — 22 July 2014
ICO: $0.311
Current Value: $960
% Gain: +309039%
$1000 invested into Ethereum 3.5 years ago at ICO would be worth 3 MILLION today.
— — — — — —
Stratis — 20 June 2016
ICO: $0.007
Current Value: $16.957
% Gain: +233056%
$1000 invested into Stratis 1.5 years ago at ICO would be worth 2.4 MILLION today.
— — — — — —
OmiseGO — 15th July 2017
ICO: $0.244
Current Value: $19.881
% Gain: +8044%
$1000 invested into OmiseGO 6 months ago at ICO would be worth $81,500 today (early Jan 2018).
Now i’m not one for wishful thinking but If i’d bought into this ICO instead of my trip to Europe at the same time, I’d be sitting on over half a million dollars right now…
The point i’m trying to make is that these ICO’s are happening as we speak with over 100 being released every week. We’re in the middle of it and it will continue well beyond 2018. If you don’t want to miss out, it’s time to become a crypto VC.
What you’ll need:
- A solid understanding of blockchain technology, decentralisation and how most exchanges and wallets work. To get this done quickly, check out this course. You can get through it in a day.
- An ERC20 compatible digital wallet like Metamask. I use the browser version and it saves me a lot of time. You’ll need a wallet like this to store the ICO’s and tokens that you buy into until they become available on an exchange.
- You can check out and keep track of ICO’s through a bunch of different websites but I like to use ICO Watch and ICO Bench as well as browse through channels like Facebook, Twitter, Youtube and Reddit to see what people are talking about and recommending.
How to find a good ICO
The Idea: What are they doing that’s unique or different from other cryptocurrencies? Is there a need for this now or in the future? Do you understand the concept? do they have a white paper? Speak to people who would resemble their target customers or users. Are they excited about it? Is it going to disrupt an existing business or industry? How is it going to scale?
The Team: Who are they? What have they done? What is motivating and driving their involvement? Who are the advisors/partners and how accessible/transparent is everyone involved?
The Community: How large is the community? Is there a subreddit, telegram, discord, etc? How active is the company on social media? How does the community engage with their posts? Have they received much media attention?
Financials: How much money are they trying to raise? How many tokens/coins are there in total and what % is available to the public?
Roadmap: What are their plans for the next 3–6–12 months and beyond? Do they have an MVP or prototype?
Here’s some solid ICO’s that i’ve come across:
So what’s the plan?
1. Invest into ICO after doing extensive research into it.
2. Take out initial capital or half the investment after a few months of growth and let the rest sit long term.
3. Use the profits from the successful ICO’s to invest more into new ones.
4. Rinse and repeat.
Thanks for reading! Any questions? Shoot me a message or leave them below.
