What is an ICO?
ICO (Initial Coin Offering) is simply a form of calling for community capital in which:
Investors will give the project a sum of money.In return, the project will send back to investors an appropriate amount of coin at the pre-determined exchange rate.
Before the ICO, the project would need to provide clear information such as the total amount to be mobilized, the total amount of coin issued, how much the coin exchange rate ... and other parameters for investors Know clearly, then decide whether to invest or not.
Why do investors want to buy ICO?
No one wants to lose their money in investing . Everyone is investing in ICO simply because they see the potential of the project.
They expect the price of coin will increase after being listed on the floor. And so, they decide to invest with the expectation that the coin will bring them profits.
In addition, ICO is a form of investment that gives individuals great opportunities.
If only Angel Investors or Venture Capital Funds had invested in startup projects at an early stage, So far, the ICO has allowed all individual investors, with a small cap of just $ 100, to be able to participate.Investments in this embryonic stage will of course be risky. However, if you are lucky to find the next Facebook, Amazon, Google ... next, the money you earn will not less.
Who will be in line with investing in ICO ?
Bitcoin investment in general and ICO in particular are not the kind of investment for everyone.
There are appropriate people and there are also people who are not suitable.
Before going into the ICO investment story for anyone, let's talk about who is not fit to invest in ICO.
a) Those who have no faith in Bitcoin and the cryptocurreny market
As I said above what investment so well first of all you need to have faith in the market before, then come to believe that you can make money from this market.
Without confidence, you will not be comfortable in your investment decisions, so investment will be ineffective.
Bitcoin, ICO is not the only form of investment, if you feel scared or uncomfortable when investing in cryptocurrency, you still have many other choices such as stock, real estate or gold.
b) Those who do not dare to take risks.
I just want to explain the nature of the ICO investing game before you decide to participate in, also it doesn’t mean that safe investment is not good because who doesn’t want to invest in safety.
Just in ICO investment, we risk a high risk for high returns.
For cryptocurrency investment, even if you hold a bitcoin or dig up a coin, there is a risk.
Bitcoin is the biggest capitol of the current market according to Coinmarketcap, but anyone who has bought a bitcoin for $ 400m is scared that the price is only around $ 200m at the time of this writing.
Or more simply talking about digging coin, many people think they will invest in Bitcoin mining in a few years, then whatever happens, they will still can recover.
ICO investing is a risky game for players so if you are a safe school you will need to consider carefully before starting or to be able to choose another investment field which will be better.
c) Those who have lack in patience
Money does not naturally disappear, it just moves from impatient pockets to patient’s ones.
From a business idea to a successful business is a long way, we can not expect to build a Facebook or Apple as strong today in just one night . Success is a long process, not in a day two, try to be patient if you want to win in this market.
d) Those who are lazy
The cryptocurrency market is changing at a very dizzying rate. One day a lot of news and information is updated.
Please think, over 2000+ projects, if every day a project only update a new news is 2000+ news already. A huge amount of information.
In order to adapt to the fast pace of the market, we have to constantly keep learning and updating our knowledge so that we do not become obsolete.
If you are a believer in the future of blockchain, cryptocurrency, dare to take risks, have the patience, eager to learn and have a little bit of capital, investing ICO may be a good choice. for you.
As you may remember, once you have chosen it, fight your way through the warriors, fighting for victory.
