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[Gratiano]

Since I joined this forum, I have acquired a lot of knowledge and ideas about different kinds of cryptocurrency. I found wallet which supports seversl cryptocoins, still I am intrigued by the fact that there are so many cryptocoins which are born every day, offering tokens at a lower price than normal because all of them have started their existence a few months ago or 2-3 years ago by "experts"or "billionaire enterpreneurs" who are either inexisting or they have landed from Mars.
My questions are these: why would someone buy a "wanna be" crypto currency when there are already so many? And how do I know that this presale, wannabe cryptocurrency is not collecting money and when reaching the launch stage will not declare bankruptcy?
I was reading that cryptocurrencies are decentralized types of currency, without any control of banks. With so many, it is inevitable not to require a different central control. And since it is allowed to rebuy normal currency, it is another brick in the wall.
Where am I mistaken?

 

[Keibah]

i think it always involves risk since we are uncertain of the future. That's why you can just invest little. Perhaps spare money as they call it.

 

[tusziget]

I would say not to invest anything.Better invest your time and knowledge to earn some extra income online,but not your money.There are so many ways,to earn some bucks,investing your money in different sites,won't make you rich overnight.

 

[Gratiano]

It sounds normal to me. It is quite difficult to make a fortune overnight. As @tusziget stated, it is better to invest time and effort than placibg your money here and there. Unless you want to invest/bet/wager/gamble online but if you decide to do so, then do it properly.

 

[HJVC Notes]

why would someone buy a "wanna be" crypto currency when there are already so many?

Because each crytocurrency has their own unique feature.

And how do I know that this presale, wannabe cryptocurrency is not collecting money and when reaching the launch stage will not declare bankruptcy?

There are websites dedicated to different ICO date event launched like CoinGecko ICO List & Calendar. Wannabe cryptocurrency is not collecting money for scam purpose if the team and their advisors are successful individuals in their respective field. If the team and advisors are trusted people, even if their ICO was not successful, they will return all the investments.

I was reading that cryptocurrencies are decentralized types of currency, without any control of banks. With so many, it is inevitable not to require a different central control. And since it is allowed to rebuy normal currency, it is another brick in the wall.
Where am I mistaken?

If you're referring that government should control cryptocurrencies, I will never not happen. Bitcoin, the first decentralized digital currency created by Satoshi Nakamoto in 2008 was born because of the financial crisis created by the politicians.

 

[Gratiano]

@Harvey
So I can never be sure about returning ,oney in case the ICO does not go as intended. The fact that the ICO team and advisors claim that they are the best does not really mean that they really are, it is just what they say. In the end, I will have to take risks!

 

[castbound castboundoski]

@Harvey
So I can never be sure about returning ,oney in case the ICO does not go as intended. The fact that the ICO team and advisors claim that they are the best does not really mean that they really are, it is just what they say. In the end, I will have to take risks!

Exactly. Every ICO is pretty much a risk .
If you want to take it or not its completely up to you but you should know that some ICO may become the next bitcoin . Its a just matter of time . It involves a lot of research before investing in cryptocurrency ICO

 

[HJVC Notes]

So I can never be sure about returning ,oney in case the ICO does not go as intended.

In case the ICO of a particular honest company failed, all investors money will be return.

The fact that the ICO team and advisors claim that they are the best does not really mean that they really are, it is just what they say.

Check their LinkedIn profile so that you can contact or meet them personally.

In the end, I will have to take risks!

For me, ICO investment is only for fun. Use only your extra money.

 

[Gratiano]

@Harvey
Maybe lad for you it is only fun to invest on ICOs but there are humans in tbis forum and out of it who read their lines and whitepapers and fall in love with the ICO. It is true that they should read everything before buying, they should out at stake only money they can afford but somehow they have to learn that both investing with such companies and tossing the coin in a back alley for "double or nothing" are evenly the same...
Personally, I cannot afford travelling all across the globe to meet ICO advisors and their team. Concerning LinkedIn, I can only read there whatever they want me to read; I, by no means, can have access to their background.

 

[tusziget]

I have read many things about ICO,and I was impressed,how many people are trying their luck there.There only few of them comes out in profit from ICO,even the experienced ones do not make profit sometimes.I would not invest and trade in Icos.

 

[Gratiano]

@tusziget
I think you are right. It would be safer until the ICO step is iver and buy at a slightly higher price. At least you will be sure that it will not fail as ICO...