"Dream BIG, Take Even BIGGER Action, and True Success will Reveal Itself, in the Time and Proportion that you Engage In Both." Michaelson Williams
How Investor's Make Quick Money On New ICO's, Initial Coin Offerings
First of all this is not financial advice of any kind. This is an explanation of my personal observation, and my research of new Initial Coin and Token Offerings. This is only my opinion, of how savvy investor's make fast cash by investing in ICO's, and other crypto investments. I am not writing this as advice on how to Get Rich Quick. Matter of fact, this article may more or less move in the opposite direction, so that you become better at planning for the long term to protect your future finances. I'm going to say here, and later in this article, for you to vacate from letting greed be the driving force of your investment thinking. Educate yourself about cryptocurrency by accepting the idea that you must do research before making any investment. Do this to protect yourself from making emotional financial decisions that may brake the bank later on.
Second, the reason I say do your research, is so that you can build with in you the knowledge that while making decisions in the digital money space you trust yourself. What does this mean? This means that you must be able to trust that you are making the right moves with your money. True, there is a great deal of money to be made investing in and trading cryptocurrency, but there is a lot of money to be lost. Most people lose because they do not take the time to understand the system in which they are working in, so their decision making skills are not up to par. There are no scams for the educated investor. People get scammed because they do not educate themselves fully on investment opportunities, and fail to relax their Greed Mind. The "Greed Mind" is a poor investor and will almost always help to facilitate bad decisions about money.
Third, build trust in the ICO first and do it fast. Sometimes Initial Coin Offering projects happen quickly, so if you are not experienced in recognizing good ICO's either learn about them quickly, or stay away from them all together. There are new ICO's coming up all the time, so your chance to invest in a crypto project will surely come around again. Building trust in the ICO you're looking to invest in is about spending time with that ICO. Every ICO will have a whitepaper with all of the information about the company, the person or people behind it, and the business idea itself, etc. I've read some really good whitepaper's for which I made no investment, because I didn't trust something for one reason or another. Sometimes a whitepaper can be well written and laid out very professionally but the idea stinks. Other times, the whitepaper may not look very good, but what's presented in the whitepaper has winning idea all over it. Take your time researching, so that when you feel ready to make an investment in a new ICO you have full trust in the company behind it. This does by no means guaranty that the ICO doesn't fail, but what you're doing by educating yourself is increasing your chances of success as an investor.
Four, don't let the “greed mind” drive your investment decisions, otherwise you may find yourself in the poorhouse. Investing in a new ICO is exciting for sure. The idea of making a small, medium, or large investment for a hefty return is both appealing and fun! But the idea of losing your hard earned cash because you moved to quickly on your decision is not so fun. If you think and act wisely about your ICO and other cryptocurrency investments you can surely come out on top. One way to protect yourself from allowing the greed mind to control your investments, is to never invest more than you can, or are willing to lose. Also be prepared to lose. I don't mean this in an affirmation type manner, were you are expecting to lose, thus promoting a lack of success mindset. What I mean here is be prepared to lose at least some of your investment money, at least for a period of time.
I have never once seen a new ICO or established cryptocurrency that has not loss money at one point or another. The cryptocurrency market is extremely volatile, so fluctuation in the market is definite and unpredictable. The ebbs and flows of the crypto market can drive a new digital currency investor into a constant state of panic. The “greed mind” or mindset makes for a bad investment partner, so don't invest thinking that your going to Get Rich Quick. In stead think about your investment in cryptocurrency as a game for which you enjoy! Invest in projects that you believe in, or that you feel have great potential. If the ICO looks shady then it probably is, so act accordingly. It's a good idea to start small with your crypto investments. Once again, invest only money that you can afford to lose, then there is less pressure, and when your ICO dips, and it will dip, you can rest with some assurance that you'll be just fine.
End of part one
Respectfully,
Michaelson Williams,TSX, Author of True Success Naturally, Editor-n-Chief at MMAP Magazine, Creator of the A-Coin Token project.
