Here is my story about taking the risk out of investing in Initial Coin Offerings also known as ICO's. It's helpful for me to write about it as it helps me structure what I'm doing, I hope it's helpful for you also.
I never use referral links, I am not pushing anything, it's just my story on how to risk $100 to make it to the big time in the Crypto world.
If you have never done this sort of thing before, you need some information to refer to, and also some help along the way. I will be putting everything in this post yo need to help you.
First of all I am not a Financial Adviser, I am not giving you Financial Advice, I am not getting paid by anyone to write this post. Investing in ICO's is very risky you could lose all of your investment. Always do your own research.
To begin with I started watching YouTube videos to understand more about ICO's and I hit gold when I found Ian Balina, to me this guy is making it big time and shares his portfolio on his website. He gives real information about new ICO's and then goes through research live, giving you views on whether it is a Good Investment or a Bad Investment.
He also does a lot of live Ask Me Anything streams where you can join in and ask Ian direct questions.
The first ICO I became interested in was Power Ledger, he said it was a great company, so I researched it myself and saw how good it was. I had a spare $100 in Bitcoin at the time so I changed the Bitcoin in to Ethereum and I invested $95 into the Power Ledger ICO.
After the ICO my tokens were paid back to my Ethereum wallet so as the price started to rise I withdrew my initial investment and left the profit in tokens.
The price of Power Ledger at the moment of writing this post is 0.805941 per token.
So I now have the following finances the original $95 which I cashed in plus 435 tokens worth $350 giving a total of $445 from my initial investment.
The $95 I withdrew was used in this way, I transferred $20 to Steemit to use to promote some posts, then the remaining $70 I have invested into the Simple Token ICO - https://simpletoken.org/
Hopefully Simple Token will bring similar returns, but if it does not I still have my profit in Power Ledger.
This is the start of my journey to making a fortune from $100, and it's off to a good start.
What I am looking at now is Wabi,- https://www.wacoin.io/ this ICO has finished and the tokens are about to be released. It will be listed on a small exchange to begin with and if the price is below ICO price I may invest some of my profits into it. It is a great company and I think the price will rise as it moves onto larger exchanges. If the price sky rockets on the token release I will leave it alone.