Type in that phrase in Google, and I bet you 20 Bitcoin (by the way, that amount couldn’t even buy you a pizza 6 years ago) that you will find a gazillion articles talking about whether cryptocurrencies are in a bubble or if it’s something here to stay. For the most part, those articles are being controlled by people that have a financial interest. If you talk about large networks such as Bloomberg or The Street, then you are talking about individuals looking to preserve whatever is left from a broken stock market system.
If you look at small “itsy bitsy” blogs like this one (hey, we are doing alright…NOT) then many times it’s just a bunch of people living in their mother’s basement, basing their entire financial futures on the purchase of 0.00001 Bitcoin.
Yes…biased media is the word here. Pretty much anyone has something to gain from writing an article like this (and so do I.) But let’s get to the point: should you invest in ICOs?
Here’s the advantage: you get a head start. You don’t have to wait for the coins to hit the exchanges to start buying (or investing.) You can get to the crypto coin way before it hits $1,000 and speculate if it goes to $1 million. Also, investing in ICOs often times means great bonuses. It isn’t uncommon for ICOs to offer investors up to 80% discounts on the price of the token. That pretty much means, that once the token hits the exchange, you are already up by 40, 50, 60%.
Here’s the disadvantage: the coin hasn’t proved itself. It can hit the exchanges, and plummet to zero. You don’t know if this company will take their money and run or what.
In any event, here is a company we do recommend and definitely don’t think will plummet to zero: https://rentberry.cryptonomos.com/
Your good o’l pal Daniel would only recommend to you top notch companies. So do your research of course, however this is a company that will fly in 2018.