You’ve probably heard the rage about initial coin offerings, or ICOs.
But are they worth the hype?
Some experts claim that you can make a fortune with these investments, but others say it’s a bubble that will burst at any moment, robbing the fortune of anyone who invests.
Who’s right? And is there a way to make money with this new kind of funding?
The answer is yes, there is a lot of money to be had. But you must play it carefully. In this article, you’ll learn how to inspect ICOs before buying, and the three pitfalls you must avoid.
This strategy will ensure you maximize your returns, while minimizing the risk involved in investing.
But first, why do we need other currencies anyways?
An ICO is the first opportunity for the public to purchase new crypto tokens before they are added to commercial exchanges.
In 2016, when cryptocurrencies first started gaining traction about $250 million was raised via ICOs. That number skyrocketed to $1.2 billion in just the first half of 2017.