shutterstock.comI learn everyday from experienced guys. Men that think Out of the Box, see beyond now. Men that show you how to fish, knowing that's what you need than giving you fish that would eventually finish.
When you follow business oriented guys, you will do exploits. Not only that, you will learn to study the crypto world statistically, thereby helping you to understand crypto investment better. When you understand the strategies of the market, you will find out that you can spend less and gain more in crypto investments.
Of course I'm not out of my mind. I know I'm not the only one that would tell you this.
I have Followed and read blogs of the likes of @samstickkz, @sndbox, @timcliff, @teamsteem etc and saw crypto currency again from a very positive angle. My value of crypto world increased. Their analysis on crytpo terminologies, market, investment and activities has been a source of motivation to me recently.
NOW, THE PURPOSE OF THIS POST:
Don't neglect the concept of Initial Coin Offering(ICO).
Definition of ICO by INVESTOPADIA.COM
ICO is An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. Credit
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I have learned many things about this concept of Initial Coin Offering (ICO) and I love it.
But, It has become a great concern to me that so many people neglect the idea behind this initial Coin Offering(ICO) and the investment. Even majority of us, steemit users here who claim to be so interested in Cryto world movement are included.
What else would Crypto currency give to us for us to show gratitude?
When we are giving a price to pay, we frown, and when its given freely, we neglect.
Its quite funny how often people talk about opportunities without noticing the very one staring at them. Many of us frown at the prices of many Coins presently like Ethereum, Bitcoin, Bitshare etc, but they easily forget that there was a time of the initial Coin Offering(ICO) of this same Bitcoin, Ethereum etc but people ignored it. Which means that if these Coins CEOs' were to introduce a concept now to give out these coins free of charge inform of say; LATER COIN OFFERING, many of us would still neglet it today.
Remember, those who are prone to failures always have something to present for excuses.
So, they always come with this statement
WHAT IF?
As in, "WHAT IF IT DIDN'T WORK"?
This is MY reason/behind this statement;
Grab the ICO[s] and ignore the WHAT IF[s]
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Actually, there is the other side of that statement that I always take with me for encouragement wherever I go peradventure I come by any of such negative mindset and that is;
AND WHAT IF IT WORKS?
Many people have lost out in many occasions where opportunities were given to them in this Crypto Era, myself not exempted.
We have lost many opportunities in this life becuase of indecission.
Some of us in some parts of the world, say Nigeria, and some other co-under developed Countries in the time Bitcoin ICO was in circulation may not be blamed to some extent due to ignorance, but there are some that were aware and missed that opportunity we should learn from their mistakes, because they now regret some how.
I'm not saying you should venture into any platform you see that is doing an Initial Coin Offerring and put your data whether they are legit or not. What i'm saying here is that you should be decisive enough to always grab ICOs as much as you can afford from any legit platform. You should not hesitate to do whatever legitmate that may be required of you to get any ICO mostly when it is given freely by the platform at Airdrops
Sometimes I feel for some of us in this part of Africa, Nigeria, who are mostly of negative perception of this Cryptocurrency whole thing due to the negative image Ponzi schemes created in our minds.
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I know our fear. The negative impact of Ponzi affected 80% of Nigerian youths and some business men. This some how gives a drawback to our efforts to enlighten many regarding ICOs or anything that has to do with Crypto/E-transactions because Ponzi platforms then operated mostly with Crypto currency like Bitcoin more than our Local currency. But we can say NO to that mindset sinve we have now seen the difference between cryptocurrency and ponzi.
Before I joined steemit, I have always had this hunger to always inform people whenever I percieve or see any invention that seemed an oppirtunity to me. Along the line, the outcomes of some of the inventions turned bad, while some also were positive. I did not give up researching, knowing that opportunities will always come around, even in disguise sometimes.
For Instance, let me say this illustration is related to how some of us view ICO concept today;
In year 2010 when very few people globally knew about Bitcoin currency and investment, the statistics of the worth on the ROI is over whelming.
An early investor who was able to purchase a quantity of Bitcoin of $100 worth would definitely be about $22,000,000 richer now.
At the early ICO stage of Ethereum, a friend was able to get/purchase up to 100 coins of Ethereum. I was told about it, but ponzi distracted me. Today, ETH is more than $518 per coin at the time of this post. So, my friend has massive ROI mathematically. For instance, if the price of ETH is $518, then he has 518×1000 = $51,800.
Now let me ask you;
Do you think I want to make that kind of mistake again today if I have whatever it takes to grab any ICO that comes my way?
By the way, what will it cost me to get this ICO? May be nothing, or may be an affordable amount of money.
But still in most case where money is not required but just an EMAIL, name, password, mobile data, many of us still neglect the offer.
Some of us are so stingy even to ourselves that we feel that we do a platform a favour by registering for an ICO reception freely. We have always tried to cover our stinginess with an nothing but "WHAT IF IT DIDN'T WORK"?
My dear, don't settle on that question alone. Think the other way round too; "WHAT IF IT WORKS?" becuase even if it didn't work at the end of the day, what will you lose?
What do you come to lose if ICO you received did not yield positive result? Nothing much but time and mobile data. And of course i believe you also didn't put all your eggs in one basket.
But the most painful thing is: if it finally worked but you didn't invest.
BENEFITS OF ICO
- In ICOs the returns from investing can be in the 1000%.
- Mostly the First Users of the Token are the contributors.
- ICOs are not regulated by government.
*ICOs have the potential of rapid capital growth.- It gives early access to tokens with the potential of rapid growth in capital.
- an escrow can be used to verify funds usage after the ICO, there by insuring transparency.
- ICO has low risk and high reward concept especially free ICOs.
- And so many other benefits
sourceMy emphasis here is mostly on free ICOs.
So, WHAT IF IT DID NOT WORK will keep you backward and poor. Give it a try, invest. If you plan strategically, out of your 100% free ICO investments, any percentage that turns out good is a PLUS.
Invest wisely
Thank you