Newbie investor here. When investing in ICO, which is better: low amount of tokens/ETH or high amount of tokens/ETH? Like, let's say that for 1 ETH you get 250 or 500 or 1000 or 2000 Currytokens. What kind of price should I look for? How do the ICO holders set up the prices? Does any of this even matter?
I've just seen some ICOs sell 200 tokens for 1 ETH and some ICOs sell 2000 tokens for 1 ETH and it's all so confusing.
low circulating supply is a better investment, so look for lower amount of tokens
Noah Young
Can you elaborate? I want to learn. Wouldn't investors make more gains after the ICO if the price for 1 token was lower?
Landon Evans
Only market cap matters.
Christian Nelson
Explain why circulating supply makes any difference? Only thing that matters is small market cap.
Angel Williams
Because if the devs have a lot of tokens they can dump them if they aren't locked in for a set amount of time.
Not to be a conspiratard but NEO unlocked 15 million tokens a month ago and then come out with this bullshit announcement on a Friday saying big news coming Monday and a weekend long pump n dump occurs.
Xavier Morgan
What's a small market cap in your opinion?
Hudson Perez
Under $300,000.
Evan Green
Pay attention to market cap, the amount of money you invested, and the % gained/lost. Don't pay attention to individual coin prices.
Low market cap has more room to grow so more big gains, but more risk. Big cap means more stable but slower gains.
Evan Scott
>Because if the devs have a lot of tokens If the coin had 1/10 of the supply they would be worth 10x the price. They can still dump the same amount of money with less coins.
Caleb Perez
This makes zero sense. The only thing that matters is what percentage of the existing (or future) coin supply the devs control. Pre-sale buyers need to be factored in to. For legit projects, all of this should be disclosed ahead of time. Having said that, this is cryptocurrency and as long as there are ICOs there will be exit scams.
Parker Martin
You can get a good gauge by looking at coinmarketcap dot com.
Under $50m is a good balance.
Jason Bennett
Like Confido?
Nathaniel Carter
When investing in an ICO, do not invest in anything raising more than a few million. If an ICO is collecting $50+ million, then it can't possibly 10x unless it cracks the top list.
Austin Mitchell
Thanks. So if the project seems legit and the hard cap is 10 million dollars, it doesn't matter whether I get 250 or 2500 tokens for 1 ETH?
So you don't think the total market cap for crypto isn't gonna grow? We already 2xed the total market cap in less than half a year.
Joshua Ross
Where the fuck are these people...
Colton King
What didn't you understand?
Jackson Powell
BAMP
Ryder Walker
I think you just said "hard cap" instead of marketcap. It's not really a hard cap because it will fluctuate as the price per share rises, that's what a marketcap does.
But overall I think you understand now. Marketcap and how many coins are under dev control are all that matter. Of course you want to evaluate the fundamentals of whatever project you're investing in too, but those are the key factors.
Josiah Taylor
I meant hard cap AKA the ICO concludes after X amount of money (the hard cap) has been raised.
I have no idea what market cap means in ICO world.