Investing in Cryptocurrency Thru ICO’s…Investors Beware!
If your new to investing in cryptocurrency, then this recent post from the NYT’s is a must read.
Envion was a promising investment opportunity a year ago. Today most investors are left to wonder if they will see a return on their investment at all!
ICO’s are a very new type of investment opportunity that’s has become very popular in the past year or so. These ICO’s are not regulated like investments made with the USD or similar FIAT Currencies.
Company’s like Envion basically create their own coin’s and use investor monies to start creating and delivering what they have promised to investors. In this case with Envion, investors were supposed to be reward from the mining operation that would be developed.
I hate regulations, but when companies are not forth coming and people loose their lives fortunes on a lie…it’s hard to not agree with law makers that regulations need to be put in place.
I follow some ICO’s but I have not invested yet, this post is the number 1 reason why I have not yet. They are new, with that comes lot’s of risk in the form of scams.
Enjoy this post if you have not read it yet below, let me know what you think.
In the World of Cryptocurrency, Even Good Projects Can Go Bad
Envion, a Swiss project, claimed its initial coin offering had raised $100 million for a plan to link clean energy to Bitcoin. Now investors are counting their losses.