How coin business work and how to make money with them!
let me simplify it. Assuming you bought a coin 100 units of a coin at $0.1 which is #36 (if 1 cent is #36, let me assume btc price is #360 per dollar) assuming in 6months the value of that coin gets to $2 remember you bought 100 units that is 36x100=#3600, in 6 months value is $2 (assuming a dollar is #360) 360 x 2 = 720, now 720 x 100 which is the amount you bought = #72000, meaning your little #3600 investment gave you #72000 in six months.
TWO TYPE OF ICO!
Before you put your money on any ico read this. In the crypto world right now we have 2 types of ico.
1: Company ico (low risk)
2: Lending ico (Very High risk)
Company ico are always organise, they have visible team members and risk level on this type of ico is very low, some of them will even require vital document (KYC) before you can join, you have to be ready to hodl this type of coin because most of them usually take time to moon but some can be very profitable immediately after launch.
One of the company ico l joined in December, pegged it ico price at $0.20 but the current price in exchange right now is over $4.
It is always advisable to join this type of ico because the risk level is very low but be ready to hodl most of the coin.
Lending ico are highly risky they will never show you the team behind it just because is a lending platform, anything can happen, you can buy very low and it will enter exchange with $10 or more, you can make huge profit from lending icos, you can also lose all your money.
if it eventually enter exchange, the success of the coin depend on the people that are ready to lend on the platform, it can easily result to pump and dump as well.
If you participate in any lending ico, sell some of it to get your investment and some profit back once they launch internal exchange, sell part of it again when they enter external exchange, then follow them up to see if the coin will moon.
Note- if you have to participate in any lending ico, only invest what you can afford to lose, like l always say they are highly risky but very profitable if it eventually enter exchange.