Hi
lately, I have heard so much about crypto and how people are making a fortune. So I have decided to invest a small amount of cash around $100-$300, to try an ICO out. But I am not sure which one is the best to invest in. Anyone have any good idea which ones to invest in. I heard stories of people putting $1000 and making $50000, is that possible.
I was thinking what if ozbargain had a crypto, maybe (Eneloop token) what would you be able to do with it.
thank you
Which ICO should I buy, should ozbargain have a crypto?
Poll Options
- 0yes, why not
- 20no
- 2maybe
Comments
thanks, ill look into that
You planning to invest in this ICO or just gathering the information right now ?
just for the info :)
not sure right now just waiting to see other options :)
I don't know if you should be taking every suggestion too seriously. Otherwise you will be waiting in anticipation for ICOs such as EnronCoin, OneTelCoin and others.
Then again DogeCoin started out as a joke and for the uninitiated, it might seem dogs have discovered a way to finally partake in online payments. I mean it's not as if they can handle notes/coins particularly well, and it overcomes the discrimination they face when transacting in dogson.
I can't work out what they actually are doing? or going to do? are they an index fund?
'Might' be a scam playing on the name?
That's hilarious. Is there a counter to show how much BTC has been 'invested' so far?
Haha! That's awesome! Most ICOs are pump and dump as a result of FOMO. I would be interested to see where this one ends up.
ICOs are getting greedy as well. A few years back most would be raising money at a cent or less a coin/token. Now min is $1, only ones getting rich are the developers, with ICOs that have market caps rivaling some of the biggest companies in the world.
Clearcoin.
To help the P**N industry. there is ICO called VICE.
thank you but not interested in investing in that industry
Then there is another on but i think whitelist has been finished. MEDICALCHAIN
public token sale left for MEDICALCHAIN. pre-sale is closed :(
None
None. The area is full of fly by night companies and scams (Bitconnect is still going ahead with their next ICO despite their ponzi imploding).
You're giving a company real in return for tokens. It's not the same as buying a part of a company through shares. ICOs are completely unregulated, and if the company runs off with your money there is literally nothing you can do.
There are so many altcoins and ICOs appearing at the moment, each one follows the same formula of buzzwords:
- It's disruptive
- It has a great team behind it
- The white paper/ICO paper is very solid
- It's the future of insert industry here
there are a few diamonds in the rough though.
Say you put 10 grand into Icon when it was at ICO stage, you'd be a millionaire nows
Imagine if you had Grays Sports Almanac 1950-2000, you'd be Biff Tannen now
Butthead.
:)
I have the 1950-2000 sports almanac, but the damn thing doesn't tell me who will win the cricket this Friday!
I can't give much advice about which ICOs to pick, but please Don't invest in a single ICO, no matter how good it seams. Most won't rise much in value and will crash to zero.
Just like bitcoin?
The one crypto that's worth more than any other? Err, no, the thousands of scam coins that never had any chance of making any invester a cent. Don't put all your eggs in one basket in such a volatile market.
True, never put all your eggs in one basket and never invest money you can't afford to lose. That goes for all markets not just crypto's.
Wait, I think I figured out the downvotes: I meant don't invest in one single ICO, as in, invest in more than one. I can see how some people might have misinterpreted my statement as don't invest in any ICO.
Your FOMO is strong today.
mate - i think some people hv made n number of them hv lost.One of my mate had put half the house deposit he n his wife had saved in the hope of doubling it. He was up 60% at a point n now has left 50c in a $$. Hasnt told his wife yet.
I think lot of people have lost money but putting a brave face.
U r putting $300 so not an issue i suppose.
Cryptoconnect?
Wow! That's crazy putting half a house deposit.
The one on PS3 that comes with Shadow of the Colossus
One advise.. Only invest as much you can afford to lose.
https://www.cnbc.com/2018/01/22/nearly-400-million-lost-stol…
"Nearly $400 million has been lost or stolen from coin sales known as initial coin offerings, accounting giant Ernst & Young said in a report released Monday."
"That's more than 10 percent of the $3.7 billion raised in the initial coin offerings, and another worrying sign for the token sales."
There is money to be made, but consider the risks and only invest what you're willing to lose.
There were over 500 new cryptocurrencies created just in 2017 alone:
https://bitinfocharts.com/new-cryptocurrencies-2017.html
And that's not including the ICOs piggy backing off them. Which will be successful? Probably less than 5%. Good luck!
Crypto's are just a casino right now.
It's the fact that 'my friends got rich, time for me to get in' mentality, is the reason for the huge spike up November-December, but really, it was the time smart money have exited.
Explain to me valuations (apart from 'FOMO') of crypto companies:
TRON for example; A good 'idea', 7-8 staff members, a project timeline and some famous backers. The value of it is $4.2b USD at the moment, it once peaked at $20b+ USD. This 'IDEA' in relative terms got bigger than Westfield Corp, Transurban, Domonies Pizza, bigger than some of the top ASX20 companies. Outside of FOMO, there is no reason for it to be valued there. Right now its sitting at the valuation of Dominoes Pizza, a recognisable brand, making money (or so some would think).Crypto's are unregulated af. If I was a director, I can basically disappear for all I know. If I was the owner of the company, what motivation is it for me to continue creating the product if the fair value is already at $5b in such a short period of time?
Anyway, not saying you shouldn't, you still might hit the big one, but be smart about which ones to get into. Not putting crypto's down. Long term, bitcoin, blockchain is a technology that can be used globally. Get in with the mindset slightly longer term maybe, not 'I want to get rich quick'.
Perhaps this might be one to look at