Questions

In a cryptocurrency investment, what are the best ways to determine which coin or ICO to invest in?

Investing in Crypto coins and ICOs

5answers

An investment implies giving money to acquire a cash flow.

Crypto coins have no cash flow. You're betting on their value increasing over time.

This is called speculation.

I made this video a few years ago discussing the two words: https://youtu.be/QEACN_QVEvE

If you'd like to discuss a business investment, please arrange a call.

Cheers
www.DavidCBarnett.com


Answered 2 years ago

A couple of Entrepreneurs in Halifax, Nova Scotia, Canada have built a company around answering this exact question. https://www.tokenclub.co/


Answered 2 years ago

For ICOs, here is what I check:

1. Is there a prototype? I almost never put my money into ICOs with no products. No matter how many things their whitepaper and roadmap promises.
2. The team.
3. Whitepaper. Is it a platform (like etheruem) or an application? Platform is riskier but it yields better return.
4. Valuation. I will pass if the valuation is too high, even when the project is great.

In a way ICOs are more similar to angel investment than buying IPO stocks.


Answered 2 years ago

I know a few tricks. :)

One is to check John McAffee's tweets. Every coin he tweets goes up by 50% or more within the next 24.

https://twitter.com/officialmcafee/status/944555048880746497


Answered 2 years ago

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