The world of ICOs is transient and ever changing. ICOs begin, they finish, they disappear, some can be a huge success, some can fail. There’s around fifty happening each month worldwide (Dec 2017), so there are a lot of choices.
If you’re looking into ICOs which show some promise, you need to make an informed decision. Follow these few tips to get started:
- Scale down the choice by reducing your options. If you’re looking to invest, only look at the ones that are within your realm of understanding.
- Only invest the amount that you can afford to lose. There’s no magic formula for having a 100% success rate when it comes to investing, so only put in the amount that won’t ruin your finances if you don’t see the return.
- Read the whitepaper. More than once. Analyse it. Look for holes in the argument, gaps in the logic, anything that doesn’t ring true. A good whitepaper will leave you (after the tenth read!) in no doubt that it’s a great project worthy of your money and good faith.
Make sure your decision to invest is confident and well informed.
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