Every day new ICOs (initial coin offerings) come to the crypto market. Many of these ICOs are nothing but pure rubbish and eventually they will burn a lot of investors. They are not the kind of crypto assets that smart investors want to buy and invest in for the long term. However, that doesn’t mean there isn’t short term potential on offer to make money from ICOs. If you’re an advanced user of cryptocurrency and are comfortable with how the whole system works, then there are opportunities to make short term gains from trading ICOs as they list on different crypto exchanges around the world.
Where to make money from ICOs
Here we have a look at two examples of short terms gains where smart and fast investors were able to make 100% returns in a few hours from trading in and out of a new crypto that had gone through an ICO just days prior. There is money to be made trading these ICO cryptos – but it’s high risk, it’s dangerous and we don’t recommend doing it. But here is proof that for advanced users that decide to get involved in this market on their own accord, there are opportunities up for grabs.
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Sam Volkering is an Editor for Money Morning and is small-cap, cryptocurrency and technology expert.
He’s not interested in boring blue chip stocks. He’s after explosive investments; companies whose shares trade for cents on the dollar, cryptocurrencies that can deliver life-changing returns. He looks for the ‘edge of the bell curve’ opportunities that are often shunned by those in the financial services industry.
But that’s not where Sam’s talents end. Sam specialises in finding new, cutting edge tech and translating that research into how the future will look — and where the opportunities lie. It’s his job to trawl the world to find, analyse, research and recommend investments in the world’s most revolutionary companies.
