The current state of the ICO industry
Interview with Eike Post, serial entrepreneur and cryptocurrency expert
Analysis of the current and future ICO market
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The ICO industry is relatively young, so there have not been any dramatic failures of entrepreneurs in this space.
It is very hard to evaluate cryptocurrency projects. If your goal is to make short term money, then you have to be totally different from a normal investor. A normal investor is going to look exactly what is going on in the company. Whereas, the ICO investment is all about the hype. It is completely possible to follow the hype and make money with ICOs.
At some point the value of ICOs will go down rapidly, but right now we are far from that point.
If there is a lot of hype, chances are higher that the cryptocurrency is going to go up.
There are a lot of sources of valuable information for cryptocurrency where you can understand the chances how it works and understand whether you should invest or not.
As an investor you should always ask for a proof of concept. You should know how to analyze financial statements. Moreover, you need to be able to spot what can work well and what cannot work well.
If someone who has an inexperienced team and a bad concept, no product, no client and no revenue, then the answer of any investor would be “No”. On the other hand, there are investors who actually invest only because this is an ICO.
The reality is that it does not make sense to invest because you are not getting a share of the company. You are getting tokens.
On the other hand, these “stupid” investors made a lot of money during the last year because many ICOs went up for no reason. They went up without producing any revenue.
There are not any ICOs who are producing any revenue. Not only that, but they also do not have even a product. There is no reason for their financial success.
If you went into crypto in the last year, you have made a lot of money. There are people who became multimillionaires by investing in cryptocurrency.
Elike’s favorite crypto coin is bitcoin. The only problem with bitcoins is the technical limitations. If the technical limitations of bitcoin transactions are solved, then definitely bitcoins will remain the leader of crypto.
The most established coins have the least return. The smallest coins have the biggest potential for very high returns.
