Greetings fellow steemers out there in Steem World. It's the Crypto Newbie here once again with questions and looking for answers. When I ask these questions, I'm not only hoping to help myself, but also anyone just like myself who may seeking information and have these same thoughts that I have. I think I getting a better handle on understanding the market now how a little on how its working. I just recently heard about looking for or being aware of ICO's of Initial Coin Offerings emerging into to the market. I understand that many can be scams, so you have to be very careful in what you choose to place your money in. I've been researching the web looking for a site or some info on where to find or learn about new ICO's coming to market and how to purchase. I am currently using Bittrex to do research but I certainly cant tell if they are new ICO's there, unless I'm missing some vital information on what to look for. So to my Guru's and my fellow researchers the question is where do I go to find ICO's coming or recently in the market? Anyone have any tips on ones that are coming or newly released please share if you able or willing. As far as Newbies who may read this post, follow me as I'll find information for us all and bring us all up to speed as much as I can! Until next time!!!! Chow Baby!!!!
ICO's are usually not available on exchanges while they are in an ICO phase. That is basically what ICO means: before it's available on the markets.
Usually there will be a website where you can sign up for the ICO, and where you can send payment (usually in Ethereum but not always) and then receive your ICO tokens. You won't be able to do much with these tokens yet, as like I said, they won't be supported on exchanges yet although they may be soon after their initial offering. Hope this helps.
I'd steer clear of ICO's as a newbie though. It's double speculative in an already speculative market. If you want a higher risk/reward ratio, try looking beyond the top 20 coins. A smaller market cap means a coin has a lot more room to grow. If I were to make suggestions of coins with small market caps and good potential I would recommend LBRY credits and Basic Attention Tokens. I still would not put most of my investment in those, because they are higher risk and not every project has an equal potential future market cap. For example, even though I expect something like Siacoin to significantly grow, I don't expect it to ever reach the same levels of Ethereum, simply because I think Ethereum is a stronger project than Siacoin. Good luck!
Awesome information! Thank very you much! What's the website to sign up for the ICO?