Should you invest in ICOs now

ICOs had been talk of the town recently with most of them giving huge returns. So with the deluge of ICOs comes an important question. Should we invest in ICOs now?

The answer largely is No. Because most of these ICOs are just some sham operation trying to make hay while the sun shines. Most of these ICOs and their corresponding coins wont even exist some months or years down the line. They are simply trying to make a quick buck. What happens then is poor investors get their hands burnt and it sadly gives the cryptocurrency community a bad name.

Having said this, there are some rare coins , which are truly trying to solve some real world issue. They are not simply conspicuous copies of the coins already in existence. They attempt to solve a real life use case. And that is exactly what should be looked at when deciding whether or not to invest in an ICO or not. Please do proper research on your own. Put some effort, read the white paper , it will give you an idea whether this ICO is worth putting your hard earned money ot not. Dont simply become greedy, get swayed by the hype and put money into something you dont understand. That is a surefire recipe for disaster!

Be wise, do your research and invest. Happy investing!

Lastly, wish everyone Happy holidays and a happy new year!