[Vlog] ICOs - are you an investor or a buyer?
7 years ago in #cryptocurrency by nanzo-scoop (74)
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Most people involved in the ICO are just buyers.
I feel investors have a deeper tie to the company in which they Invested in.
I support your comment!
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VCs invest in hundreds of projects, few break even, even fewer make money. A tiny percentage make big gains and therefore pay for the rest.
Now with ICOs everyone is trying to be a VC... Buying into ICOs is trying to be a VC, albeit with little to no expertise, no process (for the most part) and far less info. even worse, sometimes misstated info.
Nothing wrong with buying tokens on the run but please consider it gambling not investing. Manage your expectations accordingly.
Small investors are unlikely to enjoy good returns with this strategy. I agree with @nanzo-scoop. Sit and wait to see which project(s) come out with a viable product.
Well said @liotap. There are many dot.coms that aren't around!
It's so funny to me that I've stumbled into Steemit through my music and poetry work (I got started with the Open Mic pretty soon off the bat luckily because some kind users told me about it, and even won a couple of times, which was super encouraging and humbling!). Suddenly, this quirky, "starving" artist is a CRYPTO INVESTOR. It's hilarious to me, but I'm also taking it increasingly more seriously all of the time. I just feel so fortunate that my artistic work brought me into the crypto game relatively early on. And Steemit has been pretty good to me as well--even a bit life-changing, frankly.
Anyway, posts like yours are really interesting to me because I am still so clueless about so many aspects of this crypto world. Thanks for the commentary - I'm going to start following to see more of this as I definitely need it.
Thanks. xx, Kay
I think framing ICO involvement as either a buyer or an investor is really smart. It made my think about my personal involvement with ICOs and I am a buyer (like most people I assume). I also agree that the risk/reward just isn't worth it in this market anymore. I was different a few years ago when an ICO wasn't released everyday, you could look at the team and the project and you had a pretty good idea about which projects would succeed and which ones wouldn't.
Now, it is just a guess. Especially for those of us that live in the US, getting into a decent project before it hits an exchange is almost impossible because of the regulations. I think waiting for the dip after the release on an exchange is the best way to go.
I have been lucky with a few ICOs (Dragonchain and Qtum) and I have also been really unlucky in few. Overall it is a gamble and the risk just ins't worth the reward. The market has changed and will continue to do so as these currencies and platforms become adopted by the masses.
Great post as always! :)
I believe the risk reward ratio is just not favouring investing in ICOs anymore because of the umpteen number of useless ICOs hitting the market every other week.. And why wouldn't they, it's one of the easiest way to raise funds... Build awebsite, pull a team together, show a whitepaper, spend a a few thousand dollars to promote it among youtubers, facebook ads, announce a few bonuses, referral rewards and you'll end up with a few millions worth of legitimate Ethereum or Bitcoin in funds .... No wonder they are springing up like mushrooms these days..
It's very hard to spot a good ICO.. which is why I stopped looking for them now.
Benjamin Graham explained quite simply which was the difference between an investor and an speculator. He was always moving away from IPOs. For him, an investor was someone who, after deep research, was pretty sure that would be able to recover the investment plus some more money.
Another way of seeing it is: when you buy a project, you are an investor, otherwise you are an speculator.
I also agree with @yassine04: most people in cryptocurrency space are buyers (=speculators). They only see the value on the token they own, not on the project which they in fact are owning with the token they bought.
Excellent assessment and invaluable perspective. I see many similarities to the early blind pool junk bond placement days. Your point re ICO due diligence right on and one @liotap and I have discussed often. Thank you @nanzo-scoop.
I'm in the same boat in many ways. I intend to wait on jumping from bitcoin until something else doesn't feel like as much of a gamble anymore. Happy to play with small amounts of cash in the mean time, more to just learn than anything.
Cool video man, very sympathetic!
Interesting discussion, I think there is no real answer whether you are more a buyer or a investor if you participate in ICOS.
You can see it from different sides.
Gonna launch a SCOOP coin when SMTs are out? :D Agree that it's best to sit out and wait til long after the ICO tokens are in the open market. Unless the project's too good. But I've mostly sit out of the mania though.
Don't get me started on SMTs... I'll save that discussion until the next Steemfest!
i think most people here are buyers,, i dont have a big capital to invest since beginning,, thanx nanzo for the video,, hope u doing well with ur training i see u loosing some weight
You posed two simple but important questions to that ICO talk at the end of the London Crypto Show (I can't remember their name).
I loved how they just danced around your questions and did the salesmanship thing.
Many people do mix being a buyer and an investor together. Thanks for showing us the difference between the two
really amazing your post
@nanzo-scoop
Thanks for informative video about digital currency
Yes ICO is another good way to get in & get some decent amount of money from it .but it's also need to be a little bit lucky to get a good project which will reward you in the upcoming days .
@nanzo-scoop it is useful to transfer money there but every one not know it very well .keep more enhance it so every one can take its advantage.
Awesome Video!
It's great to read your article, Sir! You write with a very wild ability to make a difference between an investor or a buyer. Honestly, I am very amazed about how to write you, Sir!
Regards!
Well @nanzo-scoop the most beautiful soul i think your experience is more than enough to visualize those things which we the minnows cant even imagen, Yes HODL policy is the best ;)
I have invested my money (not that huge amount ) but i am still on the ventilator of HODL, lets see what i get in the end, hoping for the best Nanzo <3
I have never made this distinction, but have thought about it. You are spot on! Great to consider in the future.
I’m more of an investor some long term like EOS which I bought at $6 a couple of months ago and some short term such as Steem or sbd , depending on the price changes
Wow Excellent video,,,
This is great publishing and great writing experience.
Great video and a good topic! Coins at the ICO stage were something that I was really interested in during the December peak, but I was a little nervous to put money down since it seemed more risky!
I feel investing is done for a foresight and is mostly long term. Currently I'm a buyer building funds to invest.
just a Buyer , we should be an investor :)
the gainers are the real investors!
Thank you, I have learnt something today!