Successful crypto ICO investments despite FOMO
It can be assumed that many readers don’t want to miss out on the opportunities and chances in this new industry. FOMO—the “Fear of Missing Out”—sets in and the idea of missing out on a once-in-a-lifetime chance drives many investors to take unnecessary risks. That’s why successful crypto ICO investments are so important.
There are some valuable notes in this blog that will guide you as you evaluate the opportunities presented to you. By asking the right questions and doing your due diligence, you can make an informed decision about whether or not to participate in an ICO. The whole landscape is very complex, and there is always news of scams rearing their heads, which is why you must always be careful. When in doubt, invest in solid Bitcoin before investing in a flimsy ICO and losing your hard-earned cash.
If you don’t watch out, it’s your own fault
An investment itself is not always easy, which is why you have to take great care. There are a few technical hurdles to overcome. Those who are not careful quickly lose their coins forever.
With this chapter now under your belt, you should be in a good position to combat any potential pitfalls, but I would recommend that you also read the chapter on criminals, fraudsters and the authorities in my book “Bitcoin, Blockchain & Co.” before making any investment decisions. It is not just informative, but also quite entertaining, and it highlights a few of the important dangers that arise when investing in an ICO.
You can always do a test run with $50
We know that investors’ money is sent securely and reliably through a blockchain, but where does it go? Everyone who has already participated in an ICO has lost money. Therefore, you have to stay very alert. If possible, try to test it out first with small sums. If everything goes smoothly, you can move onto investing larger sums. If an ICO is running over several days and does not sell out, you could invest crypto to a value of $50 and if it all works as expected, you can always follow it up with larger sums. The author has lost $50 a couple of times using this method, but not hundreds straight away. It was usually technical problems at the root of this loss, but other times it was sheer stupidity. If you lose your private key, it is your own fault.
So, caution is the mother of wisdom; education is the basis. In that spirit, the author wishes every success to all crypto investors!
If you’re only interested in the topic of crypto and ICO investments, then you can download my ebook “Successful crypto and ICO investments: risks and opportunities” and receive the most important information quickly on your mobile device. This ebook is only a part of the overall work “Bitcoin, Blockchain & Co.”.
Successful crypto ICO investments: risks and opportunities
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