A crash course from investor Ian Balina on the best strategy for investing in ICOs without getting burnt
The idea of investing in cryptocurrency has penetrated into many parts of our society. It is mind-blowing to think that people would be willing to invest their hard-earned money in something they can barely understand.
Up till July of 2017, the total dollar amount raised in Initial Coin Offerings (ICO) was a staggering USD$1,252,676,352. That’s over a billion dollars raised within a span of 7 months.
The number of initial coin offerings (ICOs) is growing rapidly, having raised an astounding $5.6 billion in 2017 alone. More outrageous is that, by most estimates, over half of the ICOs launched in 2017 have already failed.
Not all ICOs are created equal. You have to be wary if you’re going to invest in this space. As more ICOs enter this market, it’s important to have the right framework for evaluating open-source projects.