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Friday, 1 December 2017

HOW TO MAKE IT OUT OF CRYPTOCURRENCY (ICO)


To know what cryptocurrency is check my formal post HERE . Not to waste you time, i will go straight to the point. there are several ways to make good money out of cryptocurrency, but i will  focus on one for now, you can check back latter for the rest.
So what we are goint to be talking about is ICO ( Initial Coin Offering ) 

What exactly is an ICO?
An ICO typically involves selling a new digital currency at a discount — or a “token” — as part of a way for a company to raise money. If that cryptocurrency succeeds and appreciates in value — often based on speculation, just as stocks do in the public market — the investor has made a profit.
Unlike in the stock market, though, the token does “not confer any ownership rights in the tech company, or entitle the owner to any sort of cash flows like dividends,” explained Arthur Hayes of BitMEX, one bitcoin exchange. Buyers can range from established venture capitalists and family offices to less wealthy cryptocurrency zealots.
Investing in a digital currency is extremely high-risk — more so than traditional startup investing — but is motivated largely by the explosive growth in the value of bitcoins, each of which is now worth around $4,000 at the time of publication. That spike helped introduce both fanatics and professional investors to ICOs.
What are its risks?
There are certainly some losers if and when ICOs win.
One group, as Wilson knows: Venture capitalists. Much of investors’ power derives from their supposedly superior judgment — they fund projects that are deemed worthwhile, and if the VC industry decides your startup isn’t promising, you’re left with little choice beyond bootstrapping or crowdfunding. ICOs offer another option to founders who are skittish about handing control of their baby over to outsiders driven above all else by financial return.
“Every VC firm is going to have to take a long hard look at the value they bring to the table and how they remain competitive,” said Brian Lio, the head of Smith & Crown, a cryptocurrency research firm. “What do they have other than prestige? What are they offering to these companies that are more advantageous than going to the community?”
But Lio noted that buyers are also possibly in peril and should be cautious: Risk is higher than buying stock, given the complexity of the system. And it can be difficult to vet an investment or the technology behind it. Other experts have long worried about fraud in this largely unregulated space

A few months ago you could invest your money in any stupid ICO & it would double in a matter of weeks. The time has changed now & although there are some good ICOs coming up, many of them absolutely useless. People are putting toilet paper on blockchain, well better stay away from such ICOs. As an experienced ICO investor, I can predict a few ICOs which will double or triple in the coming month.
The biggest performers so far this year:
ICO Name: Metal
ICO Date: 01.03.2017
ICO Price: 0.18 USD
Current Price: 7.755 USD
Change in percent: +4208%
Circulation Supply: 19,300,994
Total Supply: 66,588,888
ICO Name: Etheroll
ICO Date: 13.02.2017
ICO Price: 0.06 USD
Current Price: 2.76 USD
Change in percent: +3904%
ICO Name: OmiseGO
ICO Date: 15.07.2017
ICO Price: 0.24 USD
Current Price: 8.34 USD
Change in percent: +3904%
ICO Name: Edgeless
ICO Date: 28.02.2017
ICO Price: 0.03 USD
Current Price: 0.52 USD
Change in percent: +1247%
Name: Melonport
ICO Date: 15.02.2017
ICO Price: 5.80 USD
Current Price: 74.32 USD
Change in percent: +1181%
Website: https://melon.network

feel free to drop your comment and ask any question in case you have any

By: Awoeyo Olayemi Michael


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