Initial Coin Offering
Questions you need to ask yourself before trying ICO
What is your risk appetite? Sobrang volatile ng crypto, it can go 200% or -50% in one swing. are you ready to see your money go from 100 to 300 or 100 to 50.
Do you understand the risks of ICO? Dahil global ang ICO hindi natin mareregulate lahat na nag ooffer, kaya karamihan pag mabulaklag ang sinasabi like you'll never lose money. 80% scam yang tinitignan mo
What is your investment objective? Para ba ito sa Tax, additional income, financial expense, savings (?).
What is your investment horizon? Gaano mo katagal mo hahawakan yung ICO bago mo ibenta.
Have you done your research on the ICO you are purchasing? Make sure that the ICO you're gettin in ay pasado sa checklist mo upang maiwasan/malimitahan natin ang loses.
Do you understand factors that may affect the market value of your ICO investment? Madami kasing factors na nakakaaffect sa crypto. Bear market, FUDs, Gov't and institutional cause, ICO winter, hacks
How much of your assets are you allocating to ICO investments. I highly suggest that you use money that you can afford to lose. Yes their are chances it'll x10 or shoot to the moon but as long as you're not yet confident doing this dapat ay mag start small. And work it from there.
Are you prepared to write off your ICO investments substantially or completely? ICO can perform really bad. Hindi ibigsabihin ng checklist mo sure winner na ang iinvestan mo. Often times they over promise and can't deliver kahit na maganda lahat ng details nila.
Do you understand the processes involved in liquidating your ICO holding? sometime it takes weeks to months bago sila malists sa exchanges, and sometimes hindi pa liquid ang exchange kung saan sila na lilist. Sa sobrang dami ng exchanges kailangan mo matuto gumamit ng IDEX or Etherdelta, unfriendly decentralized exchanges, dahil dito madali, at hindi kailangan ng permission para malists.
What is the reputation of the ICO exchange you using? Sabi ko nga ang daming Exchanges, at mahirap na ifilter out kung ano ang legit at hindi. I suggest you go and use the top big exchanges as of now para protected ka kahit papaano.