ICO is a great way to make money. But there are several factors you should know before investing money on ICO.
Some fantastic stories about making crazy money on successful ICO’s are going on. When You enter the market at the initial stages of an ICO, you presumably should get in at a cheap price. If the ICO becomes successful, you cash in your profits by selling at a much higher price. The token price of an ICO can increase significantly if an ICO hits success.
On the other hand, we have heard some success stories where team members simply evaporate after they collect funds from an ICO. Naturally, the token price drops. And you actually end up losing your investment instead of making money from ICO.
Therefore, if you are looking at how to make money from ICO, you should certainly need to be looking at some important points which will reduce your risk exposure. Knowing your risk and doing proper due care is the only way by which you can enter into a new ICO investment. You should also have a broad mind. As you know that this is a high-risk investment, you should not invest money that you cannot afford to lose.