Forbes Offers Its Two Cents On How to Make Millions

Initial Coin Offering

OK, there are other ways to make fast money rather than ICO’s BUT those black masks get really hot in the summer. So, it seems “everybody” thinks CryptoMania has set in and the ICO (initial coin offering) craze is like “bubbly” and scary and just a passing fad. NOT! Sure the ICO frenzy will cool but it is changing the way capital is raised and, unfortunately, the U.S. is in last place in the global financial world.
(Bill Taylor/CEO)

“Of all the ways to make tons of money quickly these days, one stands out: make a hot “Initial Public Offering” (IPO) for a cryptocurrency—take a cryptocurrency public through an Initial Coin Offering (ICO) to ride the cryptoMania trend.

Hot IPOs have always been a quick way for investors to make tons of money. Provided that they create the IPO or take part in it as “angel investors” and “venture capitalists.” That means acquiring shares in the IPO for pennies or a few dollars at pre-IPO prices, and then find other investors to unload these shares at hyper-inflated prices.

That’s usually the case at times when money is easy and investors are hyped about the theme behind the IPO asset—an exotic product or a new technology that promises to change the world and turn investing into a mania.

Like in the late 1990s, the dotcom era. Angel investors and venture capitalists bought stakes in dotcom companies for a few cents before they went public, unloaded them for double and triple digit dollars the day these companies made their debut on Wall Street.  We all know what happened in that case — these early investors made tons of money, while investors who joined the party late lost tons of it.

Now money is easy again, and hot IPOs are back in fashion. Now however, they aren’t about taking stocks public. Instead, they are taking cryptocurrencies public — generating and distributing crypto tokens among the crowdfunding participants…”

Source: Forbes