Investing in ICOs (Initial Coin Offerings) or functional new currencies can be extremely profitable from an investor’s perspective. For companies, it is a crowdfunding alternative that helps them raise funds for new projects. An ICO is an easy and efficient method for startups to generate capital for their new projects.
However, ICO investments can be a risky proposition, and investors need to adequately evaluate this opportunity to avoid selecting a bad coin that may end up costing them a lot of money. You have to constantly be in synchronization with the markets and speculate whether or not the market will lose trust in the currency. Many new investors fail to realize that it’s a wildly volatile space, with many cryptocurrencies losing considerable long-term value.
Strategic thinking and sound judgment are required to decrease investment risk. And although you can’t eliminate the risk, you can mitigate it via proper planning—namely, sagely choosing the right cryptocurrency to invest in. In light of this, below are four things to consider before you put your money in ICOs.
You should know there is no globally-accepted ICO mechanism or protocol, and companies may sell whatever they like. Typically, they sell the right to a portion of their revenue (dividends), ownership to a specific part of their intellectual property or ownership to an internal resource (like virtual values). ??In sum: Figure out what your token is linked to and seek to understand how the cryptocurrency is backed. Carefully Consider Company Partners
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For years, traditional financial institutions have kept their distance from the fintech industry, loath to embrace the trend that is threatening their monopoly over banking, finance, loans and investment.
But as financial technologies continue to expand, legacy players have come to accept the disruptive role of fintech startups and the need to work together. In recent years, the relation between banks and fintech startups has evolved from marginal investments to closely knit collaboration and integration.
The result has been beneficial to both parties as well as consumers, who now have access to more efficient and versatile financial services.
As is the case with the rest of the tech industry, fintech startups have the advantage of speed and agility. While banks and financial institutions are slow to adopt new technologies, startups are extremely efficient at implementing emerging trends such as machine learning and Blockchain. Peer-to-peer payments, smart loans and AI-powered fraud detection are just some of the innovations that fintech startups have brought forth.
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While I was at FreedomFest in Las Vegas last week, I gave a speech entitled “The Bloodless (r)Evolution How Bitcoin Will Destroy Government And Central Banking.”
I started off by asking how many people truly believe in freedom and how many people in the audience were anarchists before pointing out the real irony of having a freedom conference in one of the least free countries on earth. That unsurprisingly ruffled the feathers of some statists who got up and left.
Of course, I just stated the obvious truth that some people apparently weren’t ready or willing to hear. That coupled with the fact that I pressed on by explaining how bitcoin has the ability to end all governments and central banks, probably scared off some of the audience.
With that being said, it is completely true, and I wasn’t deterred. I further explained how government doesn’t actually exist and is nothing but a dangerous superstition as Larken Rose so aptly calls it.
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The growth in digital banking is showing no signs of slowing down. Convenience, speed and security aren’t just extra benefits in consumers’ minds anymore. They are now a standard requirement of the rapidly changing customer-bank relationship.
As a rule, traditional bank institutions struggle to build a loyal customer base, while the newly emerging digital-only banks, like Monzo or Tandem, have all the attributes of a strong brand and can keep customers both happy and engaged with their product.
According to the BI Intelligence survey, “71 percent of millennials say it’s very important to have a banking app and 60 percent say it’s very important to have an app to make payments.”
Although the shift to digital banking has led many traditional banks to create their mobile apps to enable customers to manage their money from their smartphones, many innovative fintech startups have gone a step further to completely remove the need for brick-and-mortar branches.
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Source: The Next Web