Cryptocurrency is gaining popularity. This is without a doubt the result of the ever increasing value of the Bitcoin. The fear of missing out has gripped the masses. It will occur to a lot of people that they have missed the Bitcoin gravy train but that the next $10.000 cryptocoin might be out there.
Yeah, Yeah we all know it, Bitcoin is doing great and a lot of people have made some nice profits. The question now is which coin will be the next to soar to the moon? Buy in cheap, wait and reap the profits, which coin can make you a crypto millionaire?
There are a lot of potential great coins available and every day new coins join the roster. It is almost impossible to choose or even research which coins are worth your time.
There will come a point where some form of regulation is needed to make sense of all these ICO's and coins.
A while ago I already wrote about a project called ICO Headstart. The idea of this project basically is to fund and evaluate promising ICO's. This way you can be certain (well as good as) that you are not investing in a scam or just a bad organized startup.
The Pre-ICO for ICO headstart is underway. If you are interested you can read more about it here
I found another similar project called WINGS, a project very similar to ICO headstart.
Although I cannot predict the success of these projects, I do think there is a need for some professional support and guidance when it comes to ICO's. This is important for the potential investors but also for the people behind the projects.
That is why I am in full support of projects that not only fund but help ICO's with their startups and provide investors with guidance about which ICO's are promising and which are garbage. This will make it easier for investors to avoid scams and other bad investments.
I am not saying that we need regulation from the government but some financial expertise and risk analysis so that investors can traverse the ICO-crypto landscape more easily would be a welcome situation.
I hope that projects like ICO Headstart en Wings will take off and will become an important part in the future of cryptocurrency. There is no telling what the future will bring but with the increasing popularity of crypto there will also be an increase in scamming and people trying to make a quick buck by misleading others.
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