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?
So you’re thinking about investing money in cryptocurrency.
You’ve seen the headlines, your friends’ Facebook posts and celebrities promoting token sales, known as Initial Coin Offerings (ICOs), essentially a crowdfunding alternative (think IPO meets Kickstarter) to traditional venture capital fund raising that rewards early investors.
Media coverage is increasing at a rapid rate and your Uber driver is talking about the next big thing in crypto. All of a sudden everyone wants in.