“Collecting Coins..Let's make a short story long”
was my first thought when I started with this blog post.
If you don't want to know about everything but only about Collecting Coins
scroll down to the end
the end is easy reconizable ***************************
Who doesn't know about Cryptocurrency?
Maybe some people who doesn't have access to Internet or lives under a rock…. those people still exist, lol.
For those who doesn't know much about this new money, let me explain some key words
ICO = Initial Coin Offering
ICO is a way for a company to raise money
Knowing and Using Cryptocurrency are 2 different things.
When I heard of Cryptocurrency for the first time was in 2014, that was about a guy who ordered 2 pizzas for 10.000 Bitcoins.
That value is now more than $ 50 million dollars… READ MORE
When I first started using Bitcoin and opened a COINBASE ACCOUNT, January 2017, it was to pay for ads on a revenue sharing website, that site isn't live anymore… well that happens in this online world.
Since then I have invested “some” (savings, not money for daily needs) money in various sites from mining packages to loaning programs and SCAMS….SEE MORE
The reason why I make review videos is that I want to WARN people NOT to invest money in those fraudulent schemes.
Here is an example of a scam video I made a year ago….
P.S.. if you liked the video and want to know more about Cryptocurrency SUBSCRIBE to my YouTube Channel
Why are more and more people interested in Cryptocurrencies?
Since the financial crisis in 2008 people has lost their faith in the Bank- and Insurance industry. Wall street, for short in the States. When I worked at an Insurance Company based in New York, near Wall street. I can remember we were called to go down for a conference call from HQ. It was exciting, we had to wait for some executive to start talking. He talked about that they had lost a lot of money from the part of the company that did the mortgages in the private sector.
What I have learned from that crisis is that governments/countries can print money they don't actually own, loan money that they can not afford, give bonuses to people who doesn't earned it honestly, waste money on properties…… I could go on and on but I think you got the idea of what I am sharing here.
Then, after the bank- crisis, when people heard about Cryptocurrency and that it is NOT regulated by a Government authority.
The Initial Coin Offering gold thrill– the future of fundraising or just another crypto fraud?
If you are looking for the greatest trend in cryptocurrency today, a look at Initial Coin Offering (ICO) may be a great beginning. The idea to pre-sale coins of a cryptocurrency or token of a blockchain job has actually progressed in an insane successful tool to elevate funds for the development of a new application. Our overview offers an overview on Initial Coin Offering- ICO and also provides the best past, present, as well as future ICOs.
Short History of Initial Coin Offering?– ICO
Perhaps the very first cryptocurrency distributed by an ICO was Ripple.
In early 2013 Ripple Labs started to create the Surge called settlement system as well as developed around 100 billion XRP token.
The firm marketed these token to fund the development of the Ripple system.
Later on in 2013, Mastercoin assured to create a layer in addition to Bitcoin to perform Smart contracts and also tokensize Bitcoin transactions. The developer marketed some million Mastercoin token against Bitcoin and received around $1mio.
Several other cryptocurrencies have been funded with ICO, for example, Lisk, which soled its coins for around $5mio in early 2016. In mid-2014 the Ethereum Foundation offered ETH versus 0.0005 Bitcoin each.
As Ethereum itself unleashed the power of smart agreements, it opened the door for a new generation of Initial Coin Offering.
Ethereum– The Initial Coin Offering?- ICO Crowdfunding Device
One of the most convenient application of Ethereum's wise agreement system is to produce a basic token which can be negotiated on the Ethereum blockchain as opposed to Ether. This type of contract was standardized with ERC # 20. It made Ethereum host of such a large range of ICO that you can securely claim that Ethereum discovered its Killer App as a dispersed system for crowdfunding and also fundraising.
The concept of financing tasks with a token on Ethereum ended up being the blueprint for a highly successful and brand-new generation of crowdfunding tasks. If you already tried, you understand that buying token on top of Ethereum is charmingly very easy: You move ETH, paste the agreement in your pocketbook– and, tata: The token appear in your account and you are complimentary to move them as you desire.
Examples for successful First coin offering on Ethereum are:
There are dozens of ICO monthly which explore creative and new means to link the application with the token and to leverage wise contracts to add more features to these tokens.
ICO makes it possible for every business as well as every individual to conveniently release freely tradable tokens to elevate funds. It can be used to completely rebuild the financial system of shares, safety and securities and so on.
If you intend to examine Ethereum's market capitalization you ought to not only look at the market cap of Ether itself yet additionally on the worth of the token, which includes something like $300 Million to Ethereum's $4 Billion market cap.
The legal state of ICO is mainly undefined. In this case, in the most territory, the funding with an ICO is not controlled, which makes it paperless and also very easy, provided an attorney experienced with the problem is on board.
Some territories appear to be aware of ICO and also tend to manage them comparable to the sale of protections as well as shares. While ICO currently primarily take place in a gray location, in the future they most likely will be controlled.
Revenue and Loss
Numerous ICO has been a fortunate choice for investors. The gain in value of 100 to 500 percent in Bitcoin is usual for effective ICO.
Beyond, lots of ICO ends with losses. Cryptocurrencies like Lisk, IOTA-token or Omni did not hold the value in Bitcoin the token has actually been examined at the ICO (or struggle to keep it). Usually ICO is even used by semi-scammers and scammers: Build a shiny website, create some blocks of bullshit bingo, assure the greatest project/cryptocurrency ever, and be happy if you receive just 50 or 100 Bitcoin. The successful and also huge ICO, like Lisk, Melonpost, Augur or Iconomi, several tiny and also shady ICO did accumulate funds and provided absolutely nothing at all.
The ICO market is currently still completely unregulated. Everybody ought to realize, that this does imply not just huge earnings for investors, yet also huge losses.
An Initial Coin Offering (ICO). Resources to help yourself
It is not feasible to provide every ICO in this article. It is additionally not feasible to analyze every explained ICO. To make investment decisions, you need to make your very own mind. The list below resources can help you to find a great deal of info regarding past, existing and future ICO:
And… there is so much more you can learn about it
and you will receive an email from me