I'm fairy new to crypto and block-chain world, but during past 3 months, I have learned a lot about it and I happy to share my experience so far.
My very first ICO I have participated in was Etheroll project, to start with I wasn't paying too much attention to it, and decided to crowd fund the project just simply because I liked the idea. I didn't even care if I will take back what I invested at all.
Today (after 3 moths) my small 150 USD investment is worth around 7k USD, and at this point I believe the project so much, that I wouldn't even consider selling my tokens for 20k USD. If you want to learn about Etheroll more, feel free to read this amazing article which explains a lot a bout the project: https://medium.com/@toulon79/the-investment-case-for-etheroll-a48d2be8a614
I can call myself lucky, since this project is turning out great. However, now after it's heading in really good direction, I started to analysing what is the reason behind this success, and how I could do this again. My main rules by which I decide whenever to participate in ICO now are following:
- See if idea creates enough value for the user.
- See who is behind the project, learn as much as you can about the founders.
(Token value depends on project success, which means that even perfect idea, can be killed by bad team) - See how many tokens will be generated. More tokens there are the longer you may have to wait to get good return.
- Speak with fellow investors, see what they think and try to hear as many opinions as you can.
- Last but not least important, trust your guts.
As you can see, you don't have to start big, in order to make big.
!IMPORTANT Please be aware that some ICOs can be scams, always stay sharp!
