My previous article (How I Made a Million Dollars ter Just Trio Weeks overheen at my other webpagina, AuthorityIncome.com) took mij by verrassing because it downright hijacked my other webstek, which wasgoed dedicated to internet marketing, and turned it into a sort of pseudo crypto blog.
Because of that article, I’m now inundated with all manner of questions about what hot cryptocurrency to pick, the best ICO, and how to make money with cryptocurrency, and a bunch of ‘how do I get rich from cryptocurrency’ type questions.
Ter an attempt to deflect the hoard of questions and provide some basic reaction to some of the fresh visitors, I’ve spent the past few days writing a brand fresh guide to response all the questions I’m getting.
Welcome to The Mega Ultimate Guide to Making Millions with Cryptocurrency ICO’s.
This is the very very first article I have written myself for my fresh webpagina CryptoIncome.io. There’s a number of articles on this webpagina, all aimed at fresh investors and beginners to the cryptocurrency market. However, those were written by my staff, but not mij. I figure I myself need to step te here and write a few core articles for you guys to get this webpagina going and provide real value to the public from someone who knows what they are doing ter this space. So if you are interested te my own articles here, make sure to check out all articles by Ben Krypto. If you have questions and want to discuss no bullshit, no shill cryptocurrency picks with other sultry investors, join the Crypto Income Telegram group.
I like to think this is by far the most comprehensive guide on the topic of making filthy amounts of money with ICO’s.
And yes, I can confirm it is indeed possible to make ludicrous money through ICO investing.
Why? Because I’ve made millions with ICO’s. So I can confirm it is indeed possible.
And I’m going to make millions more.
Now, I don’t want to bog this entire article down by showcasing proof. But if you feel you need to see I’m not bullshitting on my claims, simply check out the article I wrote on AuthorityIncome 6 months ago, where I wrote about how I made overheen a million dollars ter just Trio weeks. And yes, I go to superb length to vertoning you proof that I’m not bullshitting.
Since then it’s bot 6 months and the market has gone up 10x and a loterijlot of craziness has happened.
So this article is written by someone who’s not just talking the talk but walking the walk.
This everything I reasonably know about how to make money with ICO’s.
My ICO handbook, spil it were.
And I’m going to only charge you the fair price of $Four,999 to become rich.
….actually not, I’m providing it away to you for FREE.
Because that’s what I like to do and because I’ve made so much fucking money te crypto that I don’t need any of yours.
So why would I do this when I can clearly take your money?
Because I can, that’s why. And I hate all the stupid youtube shills and self-made fakers out there attempting to tell you guys what shitcoins to buy, right before they’ve loaded up on their coins to dump on their followers.
Anyways, enough of that.
Let’s talk how to make some fucking money.
To make money ter the current crypto market, you just need to know one word.
It’s called ‘ICO’ (Initial Coin Suggesting).
Reminisce those words, because right now, that’s going to be your best friend.
Mr. ICO has bot my very generous friend the past 7 months and has bot gifting mij with millions.
And he can be your friend too.
The ICO Spel
ICO’s stand for ‘ Initial Coin Suggesting ‘ which is sort of like the cryptocurrency version of an IPO, minus the regulations (for now).
ICOs are, at least ter current market conditions, are the best way to make money with cryptocurrencies, palms down, feet very first.
I can’t say if the ICO gold rush will last for more than a few months and span the entire 2018 and beyond, but at least right now the market is crimson hot for ICO’s.
I expect this to switch within the next Three to 6 months, so this guide may not be so relevant when those switches occur, either due to market sentiment, a market correction, or the implementation of regulations ICO across the world
So how can you make ridiculous amounts of money with cryptocurrency? Two ways:
- Buy strong coins and hold them for months / years. OR.
My strategy has bot the #Two option.
ICO’s can yield fat comebacks that make whatever comes back traditional investments yield an absolute joke.
Blessed with your 4% to 8% gains from the stock market?
Pleased with that safe 2% you garner from a high-interest savings account?
What about eyeing 3000%, 5000% or even 10000% comebacks ter only a few months?
Welcome to the wonderful, beautiful, horrifying, intoxicating world of ICO’s, the very frontier grounds of the wild westelijk that is the crypto landscape.
ICOs are hugely risky but can be hugely rewarding.
Do understand that the market conditions switch regularly and what coin may be a hot pick today or this week, may not be the case straks.
The current market clearly has thrown the idea of coin fundamentals out of the window. People are dumping money into coins based solely on hype without understanding the basics of market cap, coin supply, and coin fundamentals.
It’s even worse with ICO’s where people will mitt overheen their life savings to a dodgy, possibly anonymous team promising to supply vast wealth with only a plain whitepaper and nothing else.
Because there are virtually no regulations for ICO’s right now, there’s a lotsbestemming of scams and dodgy money grab ICO’s that can lose you all your investment. So it’s very significant you do the research to limit the potential risk.
I want to make it clear. I am not a financial advisor and this is not financial advice. Do don’t go all into ICO’s lose all your money, then come back and blame mij for your loses! ICOs are risky and there is no avoiding that. But I’ve done very well on ICO’s and many many others have become multi mega millionaires by investing te ICOs.
Crypto is becoming the greatest wealth redistribution on the planet, maybe of all time. And unlike previous examples, it’s the common man who’s getting ter very first, not the institutions. This is, ter opinion, a once ter a lifetime chance.
A digital gold rush.
The dotcom rush (i.e. the blockcoms) of our generation.
Get te and make your money.
Or observe from the sidelines while the few early birds with an appetite for risk make it rich.
How Much Can You Make from an ICO?
You can make ridiculous ROI’s if you choose an ICO that goes parabolic.
A latest example for mij (and some friends) wasgoed the ICON (ICX) ICO. The ICO price wasgoed around .10c vanaf coin. Spil of the time of writing (Three weeks after ICO), ICX is worth about $11 dollars. I expect by the launch of the mainet Jan 24th, the coin will be worth $20 and after the end of January 2018, ICX may shoot up to $30 to $50. Certainly, ICON will be $100 or more by end of 2018.
Right now at $11, ICON has given a terugwedstrijd ter fiat of more than 100x.
That means if you waterput te $Ten,000 dollars into the ICO, you will now have about 1 million dollars.
This is not some sort of lotto toegangsbewijs that you hear about but never witness yourself. I have many friends who invested around $Ten,000 and are now closing on overheen a million USD.
I myself made millions from ICX. And this is only one of half a dozen big ICO’s I’ve invested te overheen the past 7 months.
So ICO’s can and do make people rich.
One ICO that goes parabolic is all you need to retire.
ICO’s that go parabolic (i.e. explode te value many many times overheen) are not spil uncommon spil you think.
I’ve had previous ICO’s I’ve done that have gone parabolic such spil BQX (ETHOS) which went about 30x about a month out of ICO and six months zometeen are valued at overheen 200x te value.
There are some upcoming ICO’s I’ve done such spil Wanchain, POA, Zilliqa that are due to klapper the market te January that I’m expecting to go parabolic, going up 30x+ (and maybe 100-200x at least post-ICO overheen 2018).
How to Choose the Right ICO
Now with practically a few ICO’s being launched every single day and hundreds vanaf month, how do you sift through the shit to find the gems?
There are many factors and variables to consider. But I’ll give you some basic guidelines that will help you choose the right ICO’s, or at least, help you avoid bad ones.
I want to state that I rigidly believe te attempting to invest for the long term (spil much spil this is possible with blockchain) and to choose projects that look like they have lasting value, not short-term pump and dump coins of which 95% of the crypto market is formed.
That means that I want to waterput money into a coin that I feel can actually supply on their promise and bring something to market. I want to invest ter projects that I feel will sustain a market crash.
With that said, let’s go overheen how to choose the best ICO’s.
1. Choose Protocols &, Platforms (overheen dApps)
The state of cryptocurrency is te flux with different blockchain platforms all vying for dominance.
BTC, the very first cryptocurrency, itself is outdated.
It does not support clever contracts, it’s slow, it’s expensive, and there’s a perverse civil war inbetween the core developers who task themselves with improving the BTC infrastructure and the large mining companies &, businesses with a vested interested ter making spil much money spil they can from it.
But the siren call of blockchain is strong.
Some of the smartest people are promising that blockchain can optimize (through decentralization) many inefficient systems present te banking, government, supply chain, insurance, and many other broad areas.
The real winner te a few years may not be Bitcoin, Ethereum or any other specific coin but Blockchain technology and how it disrupts our current technology.
There is a mad scramble to find the blockchain /s that come out on top. The blockchain/s that prove they are the best and build up widespread adaption te the marketplace.
Infrastructure projects also tend to give the best comes back. If dApps built on a toneelpodium succeed te what they promise and build up real use, the fundamental value of the toneelpodium the dApp is built on itself will increase.
For example, Microsoft Windows derives its value from the applications that have bot developed on it.
With cryptocurrency, you can invest ter the actual underlying toneelpodium and profit spil that verhoging succeed.
Imagine investing ter the railroad infrastructure during the 19th century and getting paid rent spil those spoorlijn were used by the trains. Would you want a lump of that?
What about if you were paid when people used the ‘HTTP’ protocol.
You would be gaining dividends te the web protocol itself, earning more and more spil the protocol gains use.
You would essentially be possessing a chunk of the web infrastructure.
What would that be worth now? Billions. Trillions?
Cryptocurrency platforms &, protocols projects give you that option.
Many are calling Blockchain the Web Trio.0. A safer, more secure layer on which the fresh internet can be built upon, one centred around the idea of decentralization.
That’s the longterm view anyways. But wij still have ways to go – years likely – before this vision becomes a reality. At present, this web Trio.0 is still te alpha and the best example of it is brought to its knees by a few thousand gamblers addicted to buying and selling digital cats.
But if you hold to the long-term vision that the blockchain will be the seed of a fresh web Trio.0, then investing te its infrastructure is a good play.
dApps, beyond the speculative value they give now, will ultimately be tied (when the speculative madness has died down ter the future) to the value of the company behind the application. Most dApps suggest utility tokens which are, frankly, not at all needed spil part of the core functionality.
What am I telling here?
Platforms and Protocols have delivered some of the largest ROI.
And if the market turns bear, thesis are the projects that will likely retain real value ter the future – not the dApps built on them.
So when evaluating potential ICO’s, give big preferential treatment to infrastructure projects overheen dAPPS. You’ll likely earn more overheen the long run. And they are safer bets overheen dapps.
Look at some of the top cryptocurrency by market cap:
Notice a trend? A significant portion of the top 20 list is packed with infrastructure cryptocurrencies, not dApps.
I don’t expect this to switch until dApps actually commence getting real-world use te the marketplace and disrupting industries. I figure wij have anywhere from Two to Five years before this occurs.
Two. Anticipate the Market Trends
Want to make millions. Here’s how.
Anticipate the direction the market will go.
Then invest ter cryptocurrencies that promise those solutions.
Now, this does sound effortless but does involve knowing fairly a bit about market trends and the general state of blockchain tech. You only get this by following crypto news and looking at what cryptocurrencies are presently rising.
For example, I’m personally interested ter cryptocurrency platforms &, protocols that aim to solve the fundamental problems with current blockchain technology, the problems that voorwaarde be overcome if blockchain is to be used to solve real problems and not just a speculative investment.
Some of thesis problems that Voorwaarde be solved are:
- scalability (enlargening throughput of transactions speeds)
- interoperability (cross chain communication)
- stability (reducing the volatility to permit some crypto to be used spil legit alternative currencies to fiat)
Thesis three issues are some of the most pressing and vereiste be tackled. My individual investment strategy is to select ICO’s and invest te cryptocurrencies that aim to provide real solutions to this.
I’ve placed some big bets on some of thesis investment themes overheen the months, anticipating the market would budge towards thesis trends, and I have bot very right so far.
There are other areas that showcase potential and may be lucrative investments
What are some potential big market trends to get ahead of?
- Alternatives / Rivals to Blockchain tech
- Currencies (better versions of Bitcoin, to be used for day to day spending)
- Money Remittance (optimizing money transfers by solving inefficiencies)
- Crypto Lending
- Supply Chain
- Dex (Decentralized Exchanges)
There are obviously many other areas that display a loterijlot of promise for blockchain disruption, but thesis are the ones I feel are most relevant and likely to be the very first.
Well what about all thesis disruptive Decentralized Apps (dApps) people keep talking about?
I’m not sold on dApps right now spil viable. Te general, I avoid most appy cryptocurrencies out of habit.
The reason being that most dApp-based currencies are money grabs and have no need of an actual token to function.
My reasoning is that when the market corrects and the value of blockchain tech is based on what the cryptocurrency has achieved ter the marketplace (i.e. the business fundamentals of the company behind the app), most dApp tokens will collapse te price.
There is also the punt where blockchains are simply to slow to run most of the dApps being proposed today.
Ethereum wasgoed brought to its knees by cryptokitties last month. If one of the top blockchains can’t treat a few thousand users hammering the network, what do you think will toebijten if an application with a few hundred thousand users starts sending out transactions overheen the ethereum network?
Catastrophe, that’s what!
Even worse, scaling solutions for ethereum are years away.
The good news is that there are some solutions now such spil the fresh working blockchain Zilliqa that have solved the scalability (Zilliqa supports 2500 transactions vanaf 2nd via sharding) which comes out January 25.
However, scalability will prevent dApps from being practical. At least for a few years. This is why I don’t invest into 99% of the dApp ICO’s or cryptocurrencies.
Three. Marketcap Matters
Marketcap plays a significant role ter your comeback on investment (ROI).
Simply waterput, the lower the marketcap, the more slagroom your coin has to grow.
There are exceptions, however. The latest (spil of the time of writing this article) pump of Ripple from .35c to $Trio has brought the market cap of ripple to that of Bitcoin.
Prior to this, it wasgoed generally more profitable to go into LOW cap coins rather than high cap coins like Ripple because to see multiples (2x, 3x,4x, etc), the market cap of a coin had dual, triple, quadruple, etc.
However, wij’ve seen coins that were 20 billion hop to 100 billion te days. So marketcap te this wild bull market is less significant than it wasgoed.
But you should still consider an ICO’s market cap very significant. The lower the marketcap, the more likely you are to see hefty comebacks.
For example, if an ICO has a marketcap of Ten million, it’s ‘lighter’ to see a 10x build up to 100 million than an ICO that comes out at 100 million from ICO that vereiste go to 1 billion.
Again, there are exceptions such spil hype, market conditions and so on, but this rule of thumb is generally true.
So let mij repeat: lower marketcap is always better than higher market cap when considering your ICO choice.
‘A good market cap’ depends entirely on how much money is ter the market.
January 2016, an ICO that attempted to raise Five million would have bot absurdly high with crypto only being valued at a few billion. Swift forward almost two years zometeen and the market cap is getting close to 1 trillion.
So a reasonable market cap for ICO’s depend on the current state of the market and what the total market cap is. The higher the market cap for crypto, the higher a marketcap ICO’s will likely be right out of the gate.
Now, I feel it’s a very bad thing providing thesis ICO teams absurds amounts of money when most of them are little more than ideas with out a working product (and ter many cases, without the means to actually achieve what they promise).
What I Consider Good Market Caps for ICO’s
Spil of January 2018, a smaller ICO market cap would be inbetween $40 million to $60 million.
A big market cap ICO would be 60 to 90 million and a ‘big’ market cap ICO would be 90 million+.
Some ICO’s that were ‘big’ market cap ICO’s would be Tezos, Polkadot, and Status. Normally I do avoid big market cap ICO’s usually. But some of the best ICO’s that attempt big things with very stacked teams are often te the 100+ million market cap range (200 million even now). Given that the market cap of cryptocurrency is almost 1 trillion now, a 200 million dollar ICO is no longer spil ‘big’ spil it wasgoed six months ago.
This means even a 200 million dollar ICO can see big multiples if it reaches say Two billion, Five billion, Ten billion.
One latest example wasgoed ADA, which kasstuk the market after an extended ICO lockup at about 400 million. Within Two months, Ada succesnummer the Top Five list and is worth 28 billion. That’s a build up of about 70x.
I don’t expect this to be the last example either. I have my eye on a few upcoming big cap ICO’s that could do something similar.
Generally, however, you’ll want to look at ICO market caps that are below $90 million for good gains.
My sweet spot for quality of ICO and the team behind it is inbetween $40 to 70 million.
If you find a quality ICO with a market cap inbetween 20 to 40 million, that’s a good sign that you could reasonably see anywhere from 5x to 20x.
$Ten to $20 million would be what I consider puny market cap and excellent potential for the 10x+ comebacks.
$Five to Ten million would be very petite market cap.
below $Five million, I would call a microcap. You can see some good comes back here, but also your risk increases spil here dwell many more scammy ICO’s.
There were some latest microcap ICO’s that did very well. Bounty0X (BTY) with the 1.Five million dollars hard cap is one. It’s up 10x so far.
Another would be VERIFY (CRED), which wasgoed a Two.Five million market cap and is about 22 million (9x or about 4x ETH).
Lowcap / microcap ICO’s are risky tho’. For every gem you find, there will be 20 shit ones.
Four. How Strong is the Team Behind the ICO?
Before looking into an ICO, you need to cautiously consider the team. This is one of the most significant factors ter predicting how a coin will do and if the project can succeed.
A team utter of movers and shakers ter the tech or crypto world is likely to garner significant hype for the ICO. This may cause a significant increase ter the coin value when it hits the exchanges for the very first time.
An all-star team is more likely to succeed te producing something (even more so if the team’s reputation is on the line).
Winners like to win. And you can bet that a serial winner is likely to win again. Or diegene attempting at least.
You typically want to look for:
- team members who are well known ter the blockchain space with the practice to pull off what the crypto promises
- team members who have run successful companies or worked for well-known companies
- team members who are well connected to any verticals relating to what the cryptocurrency is targetting (financial connections if the crypto is a banking/financial one, blockchain connections if the crypto is attempting to be a toneelpodium or protocol)
If the team looks inexperienced, have not finished successful projects ter the past, or have no history at all, be very careful! There are more than a few ICO’s are scams or metselspecie grabs with fake teams.
You should also do some due diligence into the team members and look at:
- the team’s linked ter profile to verify what they have done and their past work practice
- look at the advisors and make sure the advisors (if well known) verify they are actually advising the ICO
You want to make sure the team is who they say there are. And you want be sure the team has the abilities and the connections to finish their project. Team members with practice te similar projects give confidence that the project will be successful.
You also want to indeed look at the CEO of the company. Does it look like the leader/s have the background and skill to lead the team and ensure the cryptocurrency achieves the promise?
If the ICO has any whiff of something scammy (team members lounging about their practice, copied white papers, fake advisors), stay the fuck away from that ICO.
If the ICO promises something too good to be true, it’s too good to be true!
Five. The Fundamentals Matter (even more so for long-term)
Right now there is a spell of crypto mania with millions of ‘normies’ (people who have just hopped into the crypto market, usually with absolutely no practice investing).
Thesis people have no idea how to decently trade and no very little about the crypto market ter general. Their working skill is what clickbaity articles they’ve read online or investing te a sure win coin pick given to them by the dude at the folder or te the gym.
Thesis are the people, now, that are spurring the market to greater and greater highs.
The problems is that ter their inexperience, thesis flocks of eager-to-get-rich investors don’t know anything about the coins they are investing ter.
Strafgevangenis do they understand the basics of market cap, circulating supply, total supply, and other coin fundamentals that influence both your risk and potential prize.
This has resulted te astronomical market caps for cryptocurrencies that, frankly, should not fucking be worth billions or hundreds of millions of dollars.
Why? Because many of thesis cryptos have no fundamental value. Or at least not anything matching the speculative value assigned to them.
The coins promise ideas or solutions that are years away from being practical, either due to technological or societal limitations. Or the token has no real purpose (Raiden, I’m looking at you) and is just a metselspecie grab. Or the problem has no need of a decentralized (read Blockchain) solution and works just fine (or better) being centralized.
The list can go on and on. But what you want to take away here is that coins that don’t have strong fundamentals (and a real use outside of just being a money grab) will collapse when the crypto mania completes and people embark evaluating cryptos based on real-world applications.
So if you invest ter a coin, make sure there is a damn good reason for that cryptocurrency ter the very first place.
6. Check the Hype Peettante
The more hype that an ICO accrues, the fatter the ROI may be, right out of the gate. The most hyped ICO’s can, te the right market, do many multiples (2x, 3x,5x,10x, etc).
So take a good look at the ICO and see what sort of hype it has accrued so far.
Some metrics to look for to help you gauge how much hype the ICO has:
- Looks at the size of the Telegram channel &, Slack channel
- Check out the metrics for how many latest members are joining the Telegram
- Articles about the ICO on reputation websites (+1 if those articles are found on well-known news websites FORBS, HuffingtonPost, Wired, major news outlets, industry-related websites)
- The social whirr surrounding the ICO (tweets about the ICO from various influencers ter the space, big Reddit discussions, the ICO being mentioned/shilled by Crypto Youtubers and various signal groups online, etc)
7. Unmet Request Means Moon
Another tangible metric you want to look for is to gauge the level of unmet request an ICO will have.
Ter this case, unmet request means there are people who want to buy the ICO but are incapable to for some reason.
This usually comes down to the ico having whitelists (special email lists you sign up with before the ICO commences that permit you to participate ter the ICO)
Here are some metrics I look at to help gauge if an ICO has a loterijlot of unmet request. Thesis are holistic metrics, but they often give you a good indication if an ICO will explode when hitting the market.
The key point to keep te mind is the tighter it is for people to participate ter the ICO, assuming there is a lotsbestemming of request for it and hype around the ICO, the price is likely to rise quickly post-ICO because those incapable to participate will buy spil soon spil the ICO hits exchanges.
Here’s what I look at:
Positive Whitelist Metrics
- whitelists required to participate ter ICO
- difficult to obtain whitelist
- a limited number of whitelist (few hundred or a few thousand) that pack quickly
- whitelists closed due to too many people
- Small-cap vanaf whitelist (a few eth at most)
- Stringent KYC
- Many Big countries incapable to participate te ICO due to KYC regulations (China, USA, UK, Singapore, etc)
Positive Presale Metrics
- Presale sold out quickly
- No Bonuses or Petite Bonuses are given te Presale
Looking at how the presale did is Limited or puny bonuses te presale is significant, especially if the market is bearish. If large bonuses were given out ter the presale or private sale, it’s likely those investors will dump for profit at ICO price or below ICO price spil soon spil the coin hits the exchanges post-ICO.
Some of the best ICO’s with the thickest ROI result when there is no public ICO due to the ICO selling out during the presale totally. This results te a lotsbestemming of unmet request (basically, everyone not te the presale).
Some ICO examples of this:
So the rule of thumb here: find an ICO that has a lotsbestemming of unmet buyer request. If an ICO permits everyone who wants to participate to participate, there may not be a lotsbestemming of request to buy the coin when it hits the exchange.
8. Does the ICO Have a Prototype or Working Product
Many ICO reviewers weigh te a ‘prototype’ spil one of the major factors for evaluating an ICO potential. The reasoning is that if the project has a prototype, they are close to delivering something tangible.
I feel this is significant, tho’ also not always necessary.
There are many many big-cap cryptocurrencies that have no working product or no prototype, yet are valued at billions.
- Cardano, for example, does not have a testnet (a beta test network for the cryptocurrency), mainnet (the live public network deployed for the cryptocurrency), or any working product yet.
- IOTA has nothing to vertoning and won’t be usable for years
- EOS has no mainnet
- 99% of all the other altcoins have nothing to display
The list could go on.
So if you disregard ICO’s that don’t have a working product, you are limiting your choices and throwing away some enormous wins.
Ensuring you only choose ICO’s with prototypes cuts down your risk, but may also limit your choice of ICOs…and you could miss some potential big wins.
If the market is bearish, using the ‘have a prototype’ spil a filterzakje is more significant to minimize your risk of going into an ICO that flops. Te a bull market (such spil now, Jan 2018), this factor is less significant and, while useful, optional.
If the ICO can’t demonstrate any working product or prototype, the next best thing is to look a the strength of the team behind the coin and evaluate if the team (the strength of their credentials and practice doing similar projects / other real world projects) can pull off what they promise. If the team strong, they likely can. Te time.
9. Read the Damn Whitepaper
It’s significant that you read the whitepaper. You know, that document thingy that describes just what the team behind the crypto will do and HOW they project on accomplishing this.
Remarkably, most investors ter cryptospace – especially Noob money – don’t even look at the whitepaper.
Ideally, the whitepaper should be clear, explain everything ter a thoughtful and precise way and it should give precies details on how the team plans to accomplish this. The more detail, the better.
Be VERY wary of whitepapers that gloss overheen the technical details and use ‘buzzwords’ like ‘blockchain’ and ‘decentralize’ to explain how they can solve the technical challenge of creating and implementing their proposed system. If the team is promising to create a complicated verhoging or protocol, you at least want to be assumed they know how to solve that problem themselves.
Two examples of past ICO’s proposing to solve technical challenges but give absolutely no details on how they intend to accomplish this were Substratum and Mercury. Both delivered an absolute joke of a whitepaper. Te Substratum’s case, the team lacks the capability to accomplish what they promise.
Best Strategies To Become a Millionaire and Retire on ICO’s
Now I’ve given you some basic tips on how to evaluate ICO’s and how to estimate the comebacks. Now, look at some general tips to go after when injecting the ICO market.
It’s not a comprehensive list by any means, but it’s a good rule of thumbs to go after and it’s a set of rules that I go after myself.
Here are some strategies that have made mij a millionaire many times overheen. I can’t promise they will make you a million, but they may just.
Go Long, Not Brief (i.e. HODL)
If you’ve invested ter a coin you believe ter, one that has some solid fundamentals to it, you Voorwaarde HOLD to samenvatting the real comebacks.
You can make some money day trading or sway trading, but the fattest comebacks come from HOLDING.
Crypto is an ultra-fast world.
What happens ter one week can be omschrijving to years te the stock market. The past Trio weeks, for example, I made more comes back with ICX than I would have to waterput the same amount into the Google IPO. And instead of Ten years, the process took Trio months.
This fast-paced world and quick riches that have people seemingly becoming millionaires te days have bred a distinct lack of impatience where people are unwilling to hold their coins for any length of time, opting to attempt and roll their coins into whatever coin is rising right now (and there are always a few).
But to see the true value of your investment expose itself, you have to hold it through thick and lean.
Most of my investment mistakes have come down to one thing: selling too early!
I’ve lost millions of dollars doing this since July. One of the coins I have 700,000 of te the ICO (and sold for about $1 average) is now worth $7. Another coin I held for Four months that I paid .50c for and sold for .45c about 1 month ago, is now $Four dollars.
Invest te an ICO and hold your coin for months (or even a year or more) and you can see 20x, 30x, 100x, 200x, or 1000x comes back.
Sell your coin spil soon spil it hits the market for 5x or dump your coin when it hits 20x, and you lose out the greater gains that toebijten when you wait for the coin to develop.
Coin build up value spil the development team achieved milestones and makes newsworthy partnerships. This takes time.
I know everyone wants to get rich te just a duo days, but the reality is that the wealth te crypto often happens overheen months and years, not days and weeks.
Time te the market is always better than timing the market, spil the phrase goes.
Invest ter Cryptocurrencies You Believe Ter
Don’t throw your investment into an ICO you know little about. To hold your investment when the price corrects or the market conditions switch to bear and prices for all cryptos tumble, you have to have an almost religious-like faith ter your coin.
You have to believe your coin WILL rise ter value. This belief will keep you holding the coin and help you achieve yam-sized ROI overheen time.
ICO’s That Don’t Reach Hard Cap May be Hidden Gems
Market cap is very significant for estimating how effortless you can see a big numerous ROI. The lower the market cap, the lighter profit you can make (usually).
When ICO’s raise funds the amount raised is categorized spil:
- Hard Cap == the maximum funds an ICO will raise ter total
- Soft Cap == the ondergrens funds raised for an ICO to proceed (failure to meet a soft cap and an ICO is cancelled and funds returned)
Now usually hyped ICO’s of the highest tier (Tier 1 and Two) quickly pack their hard cap. However, there are some instances where a quality ICO does not reach the ICO hard cap, usually during a bear market or market correction.
And sometimes, an ICO goes way below their hard cap limit, just making their soft cap. Usually, thesis ICO’s have a lotsbestemming of slagroom to grow when the market improves. Because of this, there is some real chance here if you are willing to take the risk and invest.
You vereiste be ready to HOLD your coin for a few months however. If you are attempting to spin for instantaneous profit, you very likely won’t be able to.
You do have to be careful here spil you could end up buying into an ICO that has little or no unmet request and end up with a dud. But ter some cases, thesis ‘failed’ ICO’s can be phat wins.
Some examples of this:
You are most likely to encounter and profit from quality ICO’s not reaching their hard cap (and thus ending up with a very puny market cap postbode ICO) during a bear market
Snap Up Quality ICO’s During a Bear Market
It’s likely that during a market correction or bear market, ICO’s end up not meeting their hardcaps or have their ICO Hardcaps diminished by the team.
If you have some spare funds and are willing to HOLD for a few months, you can get some enormous deals on ICO’s that could give big multiples once the market recovers.
One latest example wasgoed during the October 2018 bear market where most ICO’s coming out that month went 50% under ICO price. Two to three months zometeen however, many of those same ICO’s ended up 3x-10x.
Some examples of ICO’s that went under ICO price but went on to go many multiples a few months straks:
- Request Network (REQ) (ended up going 10x, but went -50% under ICO price)
- Ripio (RCN)
- Enigma (ENG)
- Cindicator (CND)
Always Take (Some) Profit
While it’s significant to HOLD your coin, you also should not be afraid to take profit. One of the worst regrets you’ll have, 2nd only to selling your coin too early and missing the moon train, is to NOT sell your coin at all before a market correction and lose out on gains you could realize.
One strategy that helps you find a balance is to take a percentage of profit when certain profit milestones have bot achieved.
Make up a rule you always go after and stick to it.
It will protect you from yourself (selling too early, or getting too greedy where you don’t sell at all and see your profits collapse during a market correction).
I give some strategies ter the next section for this.
Never Sell Your Entire Stack
You will, at some point, sell some your crypto to realize your gains.
Never everzwijn sell out of your stack entirely.
You can sell parts of your stack, but not all.
My rule is to take a percentage of profit when certain ROI multiples have bot met. This ensures I do take profit (protecting mij from a market downturn by locking ter some of that profit) while also keeping some coin around to catch future profit (which could be substantial).
- 10x = sell 15% (recovers your initial + toegevoegd)
- 30x = sell 15%
- 100x =sell 20%
- 1000x = sell 20%
- 10000x = sell 10%
Some people like to take their initial investment back when a coin goes inbetween 2x to 5x. One strategy is to sell 5% to 10% every time a coin goes 2x from the current value. This ensures you profit take but still hold significant portions of your coin stash spil the value increases.
For example, assuming the coin value te ICO is .10c, you might go after this profit-taking strategy:
- at .20c sell 10% (2x)
- at .40c sell 10% (4x
- at .80c sell 10% (8x)
- at 1.60 sell 10% (16x)
- at Three.20 sell 10% (32x)
- at 6.40 sell 10% (64x)
- at 12.80 sell 10% (128x)
- at 25.60 sell 10% (256x)
- hold the last 20% (until you want to contant out fully)
You can go after whatever profit-taking formula you are convenient with, given your level of risk. The main thing to keep te mind is that you need to project on taking some profit, if only to a) make it effortless to hold your coins since you’ve taken your initial back and the surplus is house money or b) you get some funds out from the market and lock ter profit so you don’t regret if the value tanks due to a market correction straks.
Go Big on the Best, Skip the Surplus
Attempting to throw a little bit into every single ICO may work, if the market is bull. Te a bear market tho’, you will lose more often than you win, and when you win, you won’t win big.
I rate ICO’s into Five tiers.
Tier 1 = Moon Tickets to Expeditie
Thesis are the ground jiggling ICO’s that are aiming to do big things te the crypto space and solve real-world problems.
Thesis ICO’s usually have stacked development teams with well-known influencers te the space. Everyone ter crypto is talking about thesis ICO’s, and there is broad overeenstemming that thesis projects will do many multiples out of the gate and end up ter the billions for market cap. Tier 1 are Top 20 potential, with the best reaching for the coveted top Ten Market Cap catches sight of.
Thesis projects are usually platforms and protocols, NOT dApps.
Tier 1’s have the capability to do 20x, 30x, 50x, 100x, and even 1000x. Thesis are the golden tickets. When you find one, sell your house, your car, and possibly your wifey, to buy ter. Thesis are your chances at real wealth.
Examples of (past and current) Tier 1 ICO’s:
Thesis are ICO projects that have excellent potential. Sometimes thesis may be a bit under the radar, but they typically have strong teams with slew of practice. They may not have the hype that Tier 1’s have, but they are very good bets. They are worth throwing down significant amounts.
Not spil hyped with better than average teams. The concept is unique and there is a strong use case. However, there may not be a lotsbestemming of hype to the project. Thesis are good for puny buys, tho’ they are riskier. Due to less hype, Tier Trio’s may give very good comebacks ter time. Tier Trio doesn’t mean failure, it just means the ICO may lack any hype at all and the team/project may not be strong right away. Some of thesis can be hidden gems. Many failures. Thesis are the real gambles, but the ICO’s that most investors may have a chance of getting into.
The vast majority of ICO’s fall into this category. Quick metselspecie grabs by hastily assembled teams attempting to take your money for a lifetime vegas excursion. I would class most dApps into this category. Most of the coins that are Tier Four have no real use (utility tokens that are not actually needed) or the ICO is attempting to solve a problem that does not need to be decentralized.
Many of the ICO’s shilled by YouTubers, ter Facebook groups, and regular slacks fall into this category. You may still make good money with thesis ICO’s but they lack the hype and the fundamentals that Tier 1-2 ICO’s have.
Tier Five = scammy shit coins
Thesis are the scam coins, the shit coins, and ICO’s that are obviously shady spil fuck. Invest ter thesis and be ready to lose your T-shirt. Unluckily, many of the ICO’s popping up thesis days are Tier Five’s.
It’s better to go big on ICO’s you think can be meaty wins. What would you rather have? putting $1000 into ten ICO’s that yield, on average 3x or to waterput $Ten,000 into an ICO that goes 50x?
Te the very first example, you make $30,000 from your $Ten,000. Ter the 2nd example, you make $500,000.
Now finding the ICO that goes BIG is a challenge. If wij all knew which ICO would do 50x, wij would all be filthy rich. But that’s the challenge: sorting through the ICO’s and finding the winners.
If you find an ICO that looks like it may be a fat win, my recommendation is to go big rather than puny. Certainly go fatter on a few quality ICO’s rather than puny on many ICO’s.
Presales are the fresh ICO
There is a dirty secret ter the ICO world.
By the time a coin hits ICO stage, you’ve already missed the largest gains.
You see, there is a definite if ‘secrete’ hierarchy te crypto when it comes to ICOs.
Private Sale (i.e. strategic investors) >, Presale >, Public Sale (ICO) >, Exchanges
The higher up the food chain you get, the more profit you make.
By the time you participate from an ICO, you will already be rivaling against investors who have more coins at a cheaper price than you have.
The reason? Most ICO’s now suggest presales to big investors (or whales spil they are called).
Many of those presales come with big bonuses that are not suggested during the ICO.
Those bonuses can range from 5% to a whopping 300%, depending on how much the presale buy is.
What does this mean?
You can get significantly more coins if you buy during a presale vs the ICO for the same price. 20%, 30%, even 50% more. Ter some cases 100% more coins (this is zonderling tho’).
There have bot some belachelijk cases where presale / early investors have 800% or more bonuses (WABI and SALT, I’m looking at you) where early investors paid pennies while you pay quarters.
Presales = Big Allocations
Presales also suggest you the chance to buy large allocations of the coin.
Buying up large allocations of a hyped ICO’s are how you turn thousands into millions.
Getting into a presale permits you buying access.
You don’t want to find yourself limited to only very petite allocations of a few eth that hyped ICO’s throw to their whitelisted investors.
And thesis days, any quality ICO (Tier 1 and Two) give out petite allocations to whitelisted members.
Leave behind being able to throw down $5000, $Ten,000, $20,000 or more. You’ll get $1000 dollars if you are fortunate.
So if you want to buy more than 1-3 eth (and not fight ter gas wars to get that), you’ll have to do the presale.
How to Get into a Presale?
Now, most presales require a big upfront buy. Ondergrens buys are usually about 100 ETH (around 100,000 USD).
If you have the funds yourself, I recommend the presale option.
If you don’t, you’ll need to ‘pool’ with other people to come up with the presale amount.
The fatter your buy, the more of a discount you have.
So it’s te your rente to pool with many people to come up with the large buy. Typically if you spend 1 to Two million, you reach the top tier discount during a presale, which may be 20% to 50% of a discount, depending.
Now the key to getting into the presale (for hyped ICO’s presales usually sell out right away, early), you need to troll for ICO’s very early on. This means you need to be one of the very first ones inquiring about a presale – not the one displaying up late to the party. Because late, ter crypto, means you are too late.
Finding an ICO te early stages (one that will develop into a mega-hyped ICO zometeen one) is a full-time job. You need to be looking at websites, reading slack groups, checking out telegram groups, and even ter some cases, attending blockchain conferences attempting to pick up some early hum for secret ICO’s getting ready to succesnummer the market.
Reminisce, the best ICO’s usually are known by industry insiders and big-time crypto investors/hedge funds. It’s hard to rival with thesis groups, but it’s still possible you can, if you reach out early enough, get into a potentially hyped ICO via a presale and secure your future.
If you do find a potential presale you are interested te, craft a well thought out an email explaining why you want to participate ter the presale and HOW you can add value (how you intend to promote the coin and help it succeed). Thesis days, there is such an outpouring of money being thrown at any good ICO that the team behind the ICO can pick and choose the best early investors.
And the best investors are not the ones who just give money, but who give money AND can help the team succeed. So think about how you can opoffering value beyond providing them money and present your case ter an email. You may be able to squeeze yourself into a competitive presale.
And of course, industry networking is big. If you live te places like Silicon Valley, you should and vereiste play the networking spel (attend all the conferences, demonstrate up at all the slack channels, attempt to develop private relationships with members of the teams). This is the number one way how you can find out about upcoming ICO’s and to secure your allocation through individual relationships with people connected to the ICO.
There are a few good websites that help you track ICO’s and upcoming ICO’s. You can also see our ICO resources list, waterput together by my writing staff.
You may also want to look at some of the better ICO review websites to find out what some of the experts think. Many people pay attention to what thesis people write ter their ICO reviews.
I personally like the following ICO review sites that are level headed and usually right on the mark te picking out quality ICOs:
- Crushcrypto.com (my favourite)
There are some quality general crypto youtube channels that you may want to go after:
- Cliff High (the fellow is absolutely insane, but people believe he’s some sort of crypto prophet, and ter this space, that can budge markets)
- Opbergruimte Mining (not about ICO’s, but the man has a good perspective about crypto and a loterijlot of influence)
- Crypto Bud (well thought out trading tips and crypto advice)
The final word here is to get into a presale for a dearest ICO to secure a bit allocation and a big discount.
The Final Word
I’ve given a very detailed guide on how to treatment the ICO spel with the right mindset and win big. However, understand that ICO’s are still a very risky investment and cryptocurrency is still speculation.
Cryptos are mostly unregulated and the very frontier of the wild westelijk that is the crypto world.
You can very lightly lose your entire investment if the ICO goes south, either due to the team running away with your money, the project collapsing, the market conditions turning bear, or some other outside factor that tanks the price.
I know from practice about ICO’s gone bad. A duo months ago, I lost overheen $100,000 USD by investing into an ICO called Confido (CFD) that turned out to be an uitgang scam. One day I had $120k USD worth of Confido, the next day I had less than $Two,000 with the value dumping almost 99% when the developer ran off, tanking the entire value of the coin.
This can toebijten.
And it will toebijten.
So I speak from practice. Be careful with ICO’s! This is why I recommend only investing into Tier 1 to Trio ICO’s and avoiding the wasteland that is the Tier Four &, Five level ICO’s.
But with the greatest risk comes the greatest prizes. I’ve made millions and millions for ICO’s and there still is a (brief) window of chance left here with ICO’s.
So play the ICO spel, but be brainy about it and don’t blindly invest without doing your research.
(note, please don’t ask mij for my own ICO picks here. I’m not acting spil your paid Oracle or your get-rich guru)
Do you like what you read? I’ve had people ask about how to support mij. Frankly, I don’t indeed need your money at the uur, but if you do want to throw something, you can donate to my coffee fund by sending something to my ethereum address.