Investing in ICOs May Be Even Riskier Than You Realize

Re:Investing in ICOs May Be Even Riskier Than You Realize by carlisle_ on Monday November 06, 2017 @02:10PM (#15638036)

I feel like people hear the word 'cryptocurrency' and ignore all of the well established risks of currency speculation as an investment strategy.

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Re:Investing in ICOs May Be Even Riskier Than You Realize by rsynnott on Monday November 06, 2017 @02:34PM (#15638309)

In this case it's speculation on unregulated penny stocks rather than currency speculation, but yeah, same applies. Cryptoland seems doomed to repeat the mistakes made by the traditional markets over the last couple of centuries.

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Re:Investing in ICOs May Be Even Riskier Than You Realize by takeda on Monday November 06, 2017 @03:53PM (#15638927)

Sadly it is also utilizing people's unfamiliarity with cryptocurrency to execute scam schemes.

For example I recently run into a ponzi scheme that utilizes a bitcoin[1].

[1] https://bitconnect.co/

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Re:Investing in ICOs May Be Even Riskier Than You Realize by bdcravens on Monday November 06, 2017 @03:55PM (#15638941)

Looking at the past (Bitcoin's returns) and FOMO does make people do stupid things. (It's a trap many who invested in "Internet stocks" were caught in as well)

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Re:Investing in ICOs May Be Even Riskier Than You Realize by alexasmyths on Monday November 06, 2017 @11:23PM (#15641065)

I'm wary of even considering these things 'currencies' as most of them are not used as such.

Because they don't relate to underlying assets of the company, they're basically impossible to value.

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