These are indeed heady days for investors in cryptocurrency, and with fortunes being made (and lost) rapidly, it’s easy to forget the difference between “price” and “value.” Many investors are focusing on the quick flip--they buy the “hottest” ICO and hope to immediately sell for huge profits once the crowdsale is over.
There’s nothing wrong with that approach, per se, and some have been highly successful. However, it’s much easier and more certain to make profits by buying and holding, and in that case, investors need to clearly differentiate between a token’s price and its value.
Many tokens and currencies represent great projects that have huge potential. Some of them stand to disrupt the traditional ways of doing things, possibly bringing large profits in the future. As investors begin to come to grips with the fact that the days of flipping ICO tokens are fading away. Quick profits need to give way to long term potential.
This thing is important and I would suggest you to read the article if you invest in ICOs
There’s nothing wrong with that approach, per se, and some have been highly successful. However, it’s much easier and more certain to make profits by buying and holding, and in that case, investors need to clearly differentiate between a token’s price and its value.
Many tokens and currencies represent great projects that have huge potential. Some of them stand to disrupt the traditional ways of doing things, possibly bringing large profits in the future. As investors begin to come to grips with the fact that the days of flipping ICO tokens are fading away. Quick profits need to give way to long term potential.
This thing is important and I would suggest you to read the article if you invest in ICOs
