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How To Make Money Out Of Cryptocurrency (ico) - Investment - Nairaland

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How To Make Money Out Of Cryptocurrency (ico) by Nobody: 12:06pm On Dec 01, 2017
To know what cryptocurrency is check my formal post HERE . Not to waste you time, i will go straight to the point. there are several ways to make good money out of cryptocurrency, but i will focus on one for now, you can check back latter for the rest.
So what we are goint to be talking about is ICO ( Initial Coin Offering )


What exactly is an ICO?
An ICO typically involves selling a new digital currency at a discount — or a “token” — as part of a way for a company to raise money. If that cryptocurrency succeeds and appreciates in value — often based on speculation, just as stocks do in the public market — the investor has made a profit.
Unlike in the stock market, though, the token does “not confer any ownership rights in the tech company, or entitle the owner to any sort of cash flows like dividends,” explained Arthur Hayes of BitMEX, one bitcoin exchange. Buyers can range from established venture capitalists and family offices to less wealthy cryptocurrency zealots.
Investing in a digital currency is extremely high-risk — more so than traditional startup investing — but is motivated largely by the explosive growth in the value of bitcoins, each of which is now worth around $4,000 at the time of publication. That spike helped introduce both fanatics and professional investors to ICOs.

What are its risks?

continue reading: : http://olaintel..com.ng/2017/12/how-to-make-money-out-of-cryptocurrency.html

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