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Make Money With Bitcoin Cryptocurrency ICOS-Part 4

Invest In Bitcoin And Other Types Of Crypto Currency And Crypto Coins By Joining The BitClub Network

· Bitcoin,BitClub Network,Crypto Currency,Crypto Coins,Cryptocurrency

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please Join BitClub Here For Free. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions Contact Clyde Thorburn Here.

Author : Crypto Income Staff 9 September 2017
 

Most legitimate ICOs’ websites will list advisors and investors with genuine investment, finance or technology experience such as CEOs, executives, bankers and college professors. 9. Is promoted by celebrities with little or no knowledge or experience in finance such as actors or movie stars. Be real careful when actors promote something because they might be serving as paid spokespeople. THE DANGERS OF ICOS…THE RISKS. There are some risks when participating in from Initial Cryptocurrency Offerings that investors should be aware of. The greatest of these perils is that ICOs can be a highly speculative investment. That means any profit that you might make may be purely theoretical. The currency involved might never make money or it may be years before it makes money. Something to remember is that it took Amazon nearly 15 years after its IPO to become a profitable company. Unless you are a very wealthy person you probably cannot wait for 15 years for a return on your investment. Another danger is that the ICO will lose much of its value before it takes off. The historical data indicates that most of the major cryptocurrencies have suffered through some serious downturns over the years. Bitcoin lost 50% of its value in December 2013, when a Chinese exchange closed. That means any ICO investment is likely to be a roller coaster ride with a lot of ups and downs before the payoff. Risk-adverse people should probably consider something more stable such as direct investment in an established altcoin like Ethereum.
 

Lack of regulation and legal status are two more risks that you must consider. Limited regulation might mean that might be nowhere to complain if you get scammed and no way to hold fraudsters accountable. If there is no legal status you might not be able to sue to get your money back. ICOS ARE NOT GUARANTEED MONEY MAKERS. Always remember that there is no guarantee that you will make money from a legitimate ICO. Even if something is a great idea it might not work, or might be ahead of its’ time. The online grocery delivery company Webvan at https://techcrunch.com/2013/09/27/why-webvan-failed-and-how-home-delivery-2-0-is-addressing-the-problems/ was a great idea when it was founded back in 1996, but it lacked the technology or resources to make it work despite spending $1 billion. Webvan went bust in 2001, with stock that was worth just 6¢ a share. That did not mean Webvan was a bad idea – it was simply ahead of its time. Today, giant corporations like Amazon, Walmart, Uber, Lyft, and Kroger are investing billions in online grocery delivery but it is still only available in a few cities. Always keep Webvan in mind when investing in ICOs because even the best ideas can flop. The great application you buy into might the next Webvan, rather than the new Google. Something else to remember is that it might take numerous attempts for a new technology to succeed. Thomas Edison had to test 1,000 different methods to perfect a working light bulb – many cryptocurrency and blockchain applications are likely to have equally harsh growing pains.
 

Another problem with ICOs is that the currency may not make a lot of money even if the company does. There might be other factors that limit the value of the altcoin. One of these is the fact that the altcoin will not confer ownership or equity to investors. ICO INVESTING RULES TO STEER YOU RIGHT BY. The basic rules that apply to all investing also pertain to ICOs. The most important of these is not to lose money. The great American investor Benjamin Graham even taught that “Don’t Lose Money” was the important lesson an investor can learn. ICO investors should consider that rule carefully and implement it. A closely related and equally important rule is not to invest money you cannot afford to lose. The best way to follow that rule is to only invest money you can afford to live without in an ICO. This might include windfall money, or a very limited amount on a regular basis such as $10, $50 or $100 a month. If you’re having trouble covering the rent or meeting the car payment this month, you should not be investing in ICOs. On the other hand, if you suddenly get a hunk of extra cash that’s burning a hole in your pocket, an ICO might be a good use for it. Say if you win some money in the lottery, get a bonus at work, or sell that old record you found at the garage sale on eBay for a few hundred dollars. A good way to make investing more enjoyable is to put a few dollars aside every week or month for fun investments such as ICOs. A fun investment is something that you might wish to play around with on the side such as an ICO.
 

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