The Complete Guide: How To Make Money Investing In Cryptocurrency
Introduction

Everyday my followers ask me:
"What does blockchain mean"...
"Why is bitcoin important ...
"What is an ICO"...
"How do I make money investing in crypto"...
This is my chance to answer all those questions and many more. 

It is scary how many people begin investing in crypto without a solid understanding of investing basics or the underlying technology that works as the basis for cryptocurrency and the blockchain. My aim is to get you up to speed on any information that you missed so you can make informed and profitable investment decisions.

  •  Learn what blockchain actually is, why it is important and how people are using it to advance the modern world.
  •  Understand the difference between cryptocurrency wallets and find the one that will work best for you.
  •  Familiarise yourself with the variety of exchanges out there. Learn about fees, regulations and how to make money.
  •  What is an ICO? All your questions answered along with our insider tips that we use to continuously pick winning projects.
  •  More on cryptocurrency and ICO investing. At the end of the day we are investors and we are here to teach you how to make money while everyone else looses it.
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What Is Blockchain

Is Blockchain technology the new internet? 

The blockchain is an absolutely ingenious invention - the brainchild of a person or group who's names are undisclosed and go by the pseudonym, Satoshi Nakamoto. Since then it has been evolving into something much larger and yet everyone is still asking the question: What is Blockchain?

Blockchain technology creates the backbone of a new type of internet by allowing digital information to be distributed but not copied. It was originally created for the digital currecy, Bitcoin however it is much more than that today and is being used by tech companies across the globe in a plethora of projects.

Bitcoin the "digital gold" has a total currency value of near 42 billion US. Blockchains aren't limited to this framework however and can make other types of digital value. Like the internet you don't exactly need to know how it works to use it. However, it is always better to have at least a basic knowledge of any technology you wish to be involved in to understand why it's considered revolutionary. Sit back, relax and enjoy our blockchain guide.

A new database

Imagine this: A spreadsheet that is duplicated thousands of times across a network of computers. Then imagine that this network is designed to regularly update this spreadsheet so each version of the spreadsheet is always identical. In essence that is the blockchain.

The information on a blockchain exists as a continually shared and reconciled database. 

There are some obvious benefits that come from this structure. The database isn't stored in any single location, meaning the records are always kepy truly public which makes verification easy. There are no centralized versions of this information that hackers could potentially ulter or corrupt. Hosted by millions of computers all the time, the data is accessible to anyone on the internet.

Blockchain robustness and durability

Blockchain technology is often compared to the internet in it's early days in that it has a built-in robustness. By storing it's information across the entire network the blockchain cannot:

1. Be controlled or manipulated by any single entity.
2. Has no single point of failure.

Bitcoin was created in 2008 and since that time the Bitcoin blockchain has operated without any significant disruptions which is a very formidable proof of concept. (To date, any of problems associated with Bitcoin have been due to hacking or mismanagement. In other words, these problems come from bad intention and human error, not flaws in the underlying concepts.) It's predecessor 'the internet' has itself proven to be durable now for almost 30 years which is a track record that signals good things for blockchain tech as it continues to evolve.

“As revolutionary as it sounds, Blockchain truly is a mechanism to bring everyone to the highest degree of accountability. No more missed transactions, human or machine errors, or even an exchange that was not done with the consent of the parties involved. Above anything else, the most critical area where Blockchain helps is to guarantee the validity of a transaction by recording it not only on a main register but a connected distributed system of registers, all of which are connected through a secure validation mechanism.” 

– Ian Khan, TEDx Speaker | Author | Technology Futurist

The node network

Computer connected to the blockchain network using a client that performs the task of validating and relaying transactions) gets a copy of the blockchain, which gets downloaded automatically upon joining the blockchain network.

Together these nodes create a powerful second-level network, a completely different vision for how the internet could function. To join the network each "node" is incentivised and the incentive to join the Bitcoin network is simple, the chance to win Bitcoins.

​You may have heard the term "mining" Bitcoins. That term is somewhat of a misnomer. In reality what is happening is that each one is competing to earn Bitcoins by solving complex computational puzzles. Bitcoin was the raison d’etre of the blockchain as it was originally conceived. However it is now recognised as only the first of many potential applications. There is an ever growing number of Bitcoin-esque cryptocurrencies that are already available as well as a range of potential adaptations of the original blockchain concepts in development.

Decentralization, the catch phrase of crypto

There is a global network of computers (remember nodes) that use blockchain technology to manage the database that records Bitcoin transactions. Which means that bitcoin is not managed by any central authority, it is managed by the network. Decentralizition means that the network operates on a user-to-user / peer-to-peer basis, completely revolutionary.

Who will actually use the blockchain?

That is the million (trillion?) dollar question. So far finance offers the strongest use cases for the technology however we are seeing projects that do everything from gambling to buying concert tickets. 

The main value proposition from blockchain is that it potentially cuts out the middle man for these types of transactions. 

There is one incredibly important thing that always needs to happen before mass adoption is possible and that is a user friendly interface (GUI). This has happened rather recently with places like CoinBase and CoinJar opening up as a "wallet". The term wallet accurately describes exactly what these websites do. They store your digital money. The creation of these wallet applications now allows people to buy things with Bitcoin and store it along side other cryptocurrencies in a user friendly and easy to do environement.

“Online identity and reputation will be decentralized. We will own the data that belongs to us.”
William Mougayar, author The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology (2016)​

Enhanced Security; The Blockchain

As we have discussed there is no central head of the blockchain network which eliminates the risks that inevitably come with data that is held centrally. Computer hackers can't exploit the centralized points of vilnerability. The internet that we know and love of today has security problems of it's own. We all rely on the "username/password" system to protect our online identity and assets in the online world. Blockchain security methods are different.

The encryption technology basis are the so-called public and private "keys". 

A public key: a long randomly-generated string of numbers is a users personal address. Bitcoins or any other cryptocurrencies sent across the network are recorded as belonging to that address and in-turn the person that owns that address.

A private key: is more like a password that gives its owner access to the "wallet" and access to their Bitcoin or other digital assets. This makes the private key essential the username AND password for your digital assets. So it is of the utmost importance to make sure it's secure.


“2017 will be a pivotal year for blockchain tech. Many of the startups in the space will either begin generating revenue – via providing products the market demands/values – or vaporize due to running out of cash. In other words, 2017 should be the year where there is more implementation of products utilizing blockchain tech, and less talk about blockchain tech being the magical pixie dust that can just be sprinkled atop everything. Of course, from a customers viewpoint, this will not be obvious as blockchain tech should dominantly be invisible – even as its features and functionality improve peoples’/business’ lives. I personally am familiar with a number of large-scale blockchain tech use cases that are launching soon/2017. This implementation stage, which 2017 should represent, is a crucial step in the larger adoption of blockchain tech, as it will allow skeptics to see the functionality, rather than just hear of its promise.”

– George Howard, Associate Professor Brown University, Berklee College of Music and Founder of George Howard Strategic

The Blockchain a New Web 3.0?

The blockchain gives internet users the ability to create value and authenticates digital information. What new business applications will result?

Smart contracts

Distributed ledgers enable the coding of simple contracts that will execute when specified conditions are met. Ethereum​is an open source blockchain project that was built specifically to realize this possibility. Still, in its early stages, Ethereum has the potential to leverage the usefulness of blockchains on a truly world-changing scale.

At the technology’s current level of development, smart contracts can be programmed to perform simple functions. For instance, a derivative could be paid out when a financial instrument meets certain benchmark, with the use of blockchain technology and Bitcoin enabling the payout to be automated.

The sharing economy

With companies like Uber and AirBnB flourishing, the sharing economy is already a proven success. Currently, however, users who want to hail a ride-sharing service have to rely on an intermediary like Uber. By enabling peer-to-peer payments, the blockchain opens the door to direct interaction between parties — a truly decentralized sharing economy results.

An early example, OpenBazaar​ uses the blockchain to create a peer-to-peer eBay. Download the app onto your computing device, and you can transact with OpenBazzar vendors without paying transaction fees. The “no rules” ethos of the protocol means that personal reputation will be even more important to business interactions than it currently is on eBay.

Crowdfunding

Crowdfunding initiatives like Kickstarter and Gofundme are doing the advance work for the emerging peer-to-peer economy. The popularity of these sites suggests people want to have a direct say in product development. 
Blockchains take this interest to the next level, potentially creating crowd-sourced venture capital funds.

In 2016, one such experiment, the Ethereum-based DAO (Decentralized Autonomous Organization), raised an astonishing $200 million USD in just over two months. Participants purchased “DAO tokens” allowing them to vote on smart contract venture capital investments (voting power was proportionate to the number of DAO they were holding). A subsequent hack of project funds proved that the project was launched without proper due diligence, with disastrous consequences. Regardless, the DAO experiment suggests the blockchain has the potential to usher in “a new paradigm of economic cooperation.”

Governance

By making the results fully transparent and publicly accessible, distributed database technology could bring full transparency to elections or any other kind of poll taking. Ethereum-based smart contracts help to automate the process.

The app, Boardroom, enables organizational decision-making to happen on the blockchain. In practice, this means company governance becomes fully transparent and verifiable when managing digital assets, equity or information.

Supply chain auditing

Consumers increasingly want to know that the ethical claims companies make about their products are real. Distributed ledgers provide an easy way to certify that the backstories of the things we buy are genuine. Transparency comes with blockchain-based timestamping of a date and location — on ethical diamonds, for instance — that corresponds to a product number.

The UK-based Provenance offers supply chain auditing for a range of consumer goods. Making use of the Ethereum blockchain, a Provenance pilot project ensures that fish sold in Sushi restaurants in Japan has been sustainably harvested by its suppliers in Indonesia.

File storage

Decentralizing file storage on the internet brings clear benefits. Distributing data throughout the network protects files from getting hacked or lost.

Inter Planetary File System (IPFS) makes it easy to conceptualize how a distributed web might operate. Similar to the way a bittorrent moves data around the internet, IPFS gets rid of the need for centralized client-server relationships (i.e., the current web). An internet made up of completely decentralized websites has the potential to speed up file transfer and streaming times. Such an improvement is not only convenient. It’s a necessary upgrade to the web’s currently overloaded content-delivery systems.

Prediction markets

The crowdsourcing of predictions on event probability is proven to have a high degree of accuracy. Averaging opinions cancels out the unexamined biases that distort judgment. Prediction markets that pay out according to event outcomes are already active. Blockchains are a “wisdom of the crowd” technology that will no doubt find other applications in the years to come.

Still, in Beta, the prediction market application Augur makes share offerings on the outcome of real-world events. Participants can earn money by buying into the correct prediction. The more shares purchased in the correct outcome, the higher the payout will be. With a small commitment of funds (less than a dollar), anyone can ask a question, create a market based on a predicted outcome, and collect half of all transaction fees the market generates.

Protection of intellectual property

As is well known, digital information can be infinitely reproduced — and distributed widely thanks to the internet. This has given web users globally a goldmine of free content. However, copyright holders have not been so lucky, losing control over their intellectual property and suffering financially as a consequence. Smart contracts can protect copyright and automate the sale of creative works online, eliminating the risk of file copying and redistribution.

Mycelia uses the blockchain to create a peer-to-peer music distribution system. Founded by the UK singer-songwriter Imogen Heap, Mycelia enables musicians to sell songs directly to audiences, as well as licence samples to producers and divvy up royalties to songwriters and musicians — all of these functions being automated by smart contracts. The capacity of blockchains to issue payments in fractional cryptocurrency amounts (micropayments) suggests this use case for the blockchain has a strong chance of success.

Internet of Things (IoT)

What is the IoT? The network-controlled management of certain types of electronic devices — for instance, the monitoring of air temperature in a storage facility. Smart contracts make the automation of remote systems management possible. A combination of software, sensors, and the network facilitates an exchange of data between objects and mechanisms. The result increases system efficiency and improves cost monitoring.

The biggest players in manufacturing, tech and telecommunications are all vying for IoT dominance. Think Samsung, IBM and AT&T. A natural extension of existing infrastructure controlled by incumbents, IoT applications will run the gamut from predictive maintenance of mechanical parts to data analytics, and mass-scale automated systems management.

Neighbourhood Microgrids

Blockchain technology enables the buying and selling of the renewable energy generated by neighborhood microgrids. When solar panels make excess energy, Ethereum-based smart contracts automatically redistribute it. Similar types of smart contract automation will have many other applications as the IoT becomes a reality.

Located in Brooklyn, Consensys is one of the foremost companies globally that is developing a range of applications for Ethereum. One project they are partnering on is Transactive Grid, working with the distributed energy outfit, LO3. A prototype project currently up and running uses Ethereum smart contracts to automate the monitoring and redistribution of microgrid energy. This so-called “intelligent grid” is an early example of IoT functionality.

Identity management

There is a definite need for better identity management on the web. The ability to verify your identity is the lynchpin of financial transactions that happen online. However, remedies for the security risks that come with web commerce are imperfect at best. Distributed ledgers offer enhanced methods for proving who you are, along with the possibility to digitize personal documents. Having a secure identity will also be important for online interactions — for instance, in the sharing economy. A good reputation, after all, is the most important condition for conducting transactions online.

Developing digital identity standards is proving to be a highly complex process. Technical challenges aside, a universal online identity solution requires cooperation between private entities and government. Add to that the need to navigate legal systems in different countries and the problem becomes exponentially difficult. E-Commerce on the internet currently relies on the SSL certificate (the little green lock) for secure transactions on the web. Netki is a startup that aspires to create a SSL standard for the blockchain. Having recently announced a $3.5 million seed round, Netki expects a product launch in early 2017.

AML and KYC

Anti-money laundering (AML) and know your customer (KYC) practices have a strong potential for being adapted to the blockchain. Currently, financial institutions must perform a labour intensive multi-step process for each new customer. KYC costs could be reduced through cross-institution client verification, and at the same time increase monitoring and analysis effectiveness.

startup Polycoin has an AML/KYC solution that involves analysing transactions. Those transactions identified as being suspicious are forwarded on to compliance officers. Another startup Tradle is developing an application called Trust in Motion (TiM). Characterized as an “Instagram for KYC”, TiM allows customers to take a snapshot of key documents (passport, utility bill, etc.). Once verified by the bank, this data is cryptographically stored on the blockchain.

Data management

Today, in exchange for their personal data people can use social media platforms like Facebook for free. In future, users will have the ability to manage and sell the data their online activity generates. Because it can be easily distributed in small fractional amounts, Bitcoin — or something like it — will most likely be the currency that gets used for this type of transaction.

The MIT project Enigma understands that user privacy is the key precondition for creating of a personal data marketplace. Enigma uses cryptographic techniques to allow individual data sets to be split between nodes, and at the same time run bulk computations over the data group as a whole. Fragmenting the data also makes Enigma scalable (unlike those blockchain solutions where data gets replicated on every node). A Beta launch is promised within the next six months.

Land title registration

As Publicly-accessible ledgers, blockchains can make all kinds of record-keeping more efficient. Property titles are a case in point. They tend to be susceptible to fraud, as well as costly and labour intensive to administer.

A number of countries are undertaking blockchain-based land registry projects. Honduras was the first government to announce such an initiative in 2015, although the current status of that project is unclear. This year, the Republic of Georgia cemented a deal with the Bitfury Group to develop a blockchain system for property titles. Reportedly, Hernando de Soto, the high profile economist and property rights advocate, will be advising on the project. Most recently, Sweden announced it was experimenting with a blockchain application for property titles.

Stock trading

The potential for added efficiency in share settlement makes a strong use case for blockchains in stock trading. When executed peer-to-peer, trade confirmations become almost instantaneous (as opposed to taking three days for clearance). Potentially, this means intermediaries — such as the clearing house, auditors and custodians — get removed from the process.

Numerous stock and commodities exchanges are prototyping blockchain applications for the services they offer, including the ASX (Australian Securities Exchange), the Deutsche Börse (Frankfurt’s stock exchange) and the JPX (Japan Exchange Group). Most high profile because the acknowledged first mover in the area, is the Nasdaq’s Linq, a platform for private market trading (typically between pre-IPO startups and investors). A partnership with the blockchain tech company Chain, Linq announced the completion of it its first share trade in 2015. More recently, Nasdaq announced the development of a trial blockchain project for proxy voting on the Estonian Stock Market. 
​ 
Cryptocurrency Wallets Explained
What is a Cryptocurrency Wallet?

Before we start with what wallet you should use we better explain what exactly a cryptocurrency wallet is. A cryptocurrency wallet is basically a software program that enables users to send and receive digital currency as well as monitor their balance. The first step to using Bitcoin or any other cryptocurrency is getting a wallet.

How do they work?

Millions of people early to join the crypto movement currently use wallets however there seems to be a misunderstanding about how exactly they work. Unlike you 'pocket' wallet these digital wallets don't store currency. Actually, currencies don't get stored in any single location... or even exist anywhere in any physical form (brain explodes). All that exists is the transactions recorded and stored on the blockchain.

When a person sends through bitcoins or any other type of cryptocurrency to you they are basically signing off ownership of the coins to your wallet's address. Next, to be able to spend those coins and to access your money, the private key stored in your wallet must match the public address that the sender assigned it to. This does bring up one issue, if the address doesn't match, the coins are often lost forever. If it is a match your balance will increase and the senders will decrease by the amount that was transferred. All this means that there is no actual exchange of real coins. The transaction is merely a record on the blockchain by which both balances are adjusted accordingly. 

Cryptocurrency Wallet Guide

Is there more than one type of wallet?

Yes there are, in-fact there are several types of wallets that provide different ways to access and store your digital currency. Wallets can be broken down into three main categories: desktop, software, hardware and paper.

Software wallets may be desktop, online or mobile. 

Desktop wallets have to be downloaded and installed. They are accessible ONLY from the single computer that they are downloaded on. They offer one of the highest levels of security provided your computer isn't hacked or gets a virus because there is the possibility that you may loose all your funds. 
Online wallets are accessible from any computing device at any location and are run exclusively on the cloud. While they are far more convenient to access they are after all controlled by a third party which makes them vulnerable to hacking attacks and theft.

Mobile wallets are run from an app on your phone and are useful because they can be used anywhere, for example, retail stores. Mobile wallets are usually smaller and simpler and definitely serve a purpose.

Hardware wallets are different to software wallets in that they store the user's private key offline on a hardware device such as a USB. Although these wallets make transactions online they are actually stored offline which makes them far more secure. Hardware wallets are compatible with a number of web interfaces. Hardware wallets make it possible to easily transact while at the same time keep your money offline and safe from danger.

Paper wallets are extremely easy to use and provide the highest level of security. While the term paper wallet doesn't exactly sound secure it refers to a physical copy or printout of your public and private keys. It is relatively straightforward to use a paperwallet. To transfer Bitcoin or any other currency to your paperwallet is done by the transfer of funds from your software wallet to the public address shown on your paper wallet. After the funds are transferred there is no way for anyone to access your funds without taking your piece of paper from you in person. If you wanted to spend your currency you would need to transfer the funds from your paper wallet to your software wallet and can be done by entering your private keys or by scanning the QR code on the paper wallet.
Are Cryptocurrency wallets secure?

The level of security depends on the type of wallet you use and the service provider. Intrinsically the web is a riskier environment to keep your currency compared to offline and can be exposed to the possible vulnerablilities in the wallet platform which can be exploited by hackers to steal your funds.

On the other hand offline wallets cannot be hacked simply because they aren't connected to an online network and don't rely on a third party for security.

Although online wallets have historically been the most prone to hacking attack it is of the utmost importance to follow diligent security precautions when using any wallet. Remember that no matter which wallet you use, losing your private keys will lead you to lose your money. SO DON'T MISPLACE YOUR PAPER WALLET (I learnt that the hard way). Transactions on the blockchain are not reversible so you must take precautions and be very careful!

Multi-currency or single use?

 Recently I have found that one of the biggest limitations to these wallets is that there actually isn't any available applications that can hold the range and variety of crypto currencies that I am currently invested in. Although Bitcoin is the most well known and popular digital currency there are so many alt coins out there. Alot of these wallets can support around 7-10 currencies which is a great start and since most of the new tokens are build on the Ethereum network they can be stored in your ETH wallet.  

Are there any transaction fees?

That is a very difficult question to answer.

Transaction fees in the crypto space are a fraction of traditional bank fees. Sometimes there are fees that need to be paid for specific transactions to network miners as a processing fee while there are some transactions that don't have any fee whatsoever. It's also possible to set your own fee. As a guide, the median transaction size of 226 bytes would result in a fee of 18,080 satoshis or $0.12. In some cases, if you choose to set a low fee, your transaction may get low priority, and you might have to wait hours or even days for the transaction to get confirmed hence the downfall of choosing your own fees (surprise right). 

In summation, fees are not an important aspect to think about when choosing which wallet you should use. You will either pay tiny transaction fees, choose the fee amount you are willing to pay or simply pay no fees at all.

Are cryptocurrency wallets anonymous?

Kind of, but not really. Wallets are pseudonymous. While wallets aren’t tied to the actual identity of a user, all transactions are stored publicly and permanently on the blockchain. Your name or personal street address won’t be there, but data like your wallet address could be traced to your identity in a number of ways. While there are efforts underway to make anonymity and privacy easier to achieve, there are obvious downsides to full anonymity. 

The bellow wallet analysis is provided by BlockGeeks.

Which Cryptocurrency wallet is the best?

There is an ever-growing list of options. Before picking a wallet, you should, however, consider how you intend to use it.

Do you need a wallet for everyday purchases or just buying and holding digital currency for an investment?
Do you plan to use several currencies or one single currency?
Do you require access to your digital wallet from anywhere or only from home?
Take some time to assess your requirements and then choose the most suitable wallet for you.
 

Bread Wallet

Bread Wallet is a simple mobile Bitcoin digital wallet that makes sending bitcoins as easy as sending an email. The wallet can be downloaded from the App Store or Google Play. Bread Wallet offers a standalone client, so there is no server to use when sending or receiving bitcoins. That means users can access their money and are in full control of their funds at all times. Overall, Bread Wallet’s clean interface, lightweight design and commitment to continually improve security, make the application safe, fast and a pleasure to use for both beginners and experienced users alike.

Pros: Good privacy & security, beginner friendly, simple & clean, open source software, free.
Cons: No web or desktop interface, lacks features, hot wallet.

Mycelium

Advanced users searching for a Bitcoin mobile digital wallet, should look no further than mycelium. The Mycelium mobile wallet allows iPhone and Android users to send and receive bitcoins and keep complete control over bitcoins. No third party can freeze or lose your funds! With enterprise-level security superior to most other apps and features like cold storage and encrypted PDF backups, an integrated QR-code scanner, a local trading marketplace and secure chat amongst others, you can understand why Mycelium has long been regarded as one of the best wallets on the market.

Pros: Good privacy, advanced security, feature rich, open source software, free
Cons: No web or desktop interface, hot wallet, not for beginners

Exodus

Exodus is a relatively new and unknown digital wallet that is currently only available on the desktop. It enables the storage and trading of Bitcoin, Ether, Litecoins, Dogecoins and Dash through an incredibly easy to use, intuitive and beautiful interface. Exodus also offers a very simple guide to backup your wallet. One of the great things about Exodus is that it has a built in shapeshift exchange that allows users to trade altcoins for bitcoins and vice versa without leaving the wallet.

Pros: Good privacy & security, beginner friendly, intuitive, easy to use, in-wallet trading, supports multiple currencies, open source software, free.
Cons: Hot wallet, no web interface or mobile app
 
Copay

Created by Bitpay, Copay is one of the best digital wallets on the market. If you’re looking for convenience, Copay is easily accessed through a user-friendly interface on desktop, mobile or online. One of the best things about Copay is that it’s a multi-signature wallet so friends or business partners can share funds. Overall, Copay has something for everyone. It’s simple enough for entry-level users but has plenty of additional geeky features that will impress more experienced players as well.

Pros: Good privacy & security, multisig transactions, multiple platforms & devices, multiple wallet storage, beginner friendly, open source software, free
Cons: Can be slow & unresponsive, limited user support
 
Jaxx

Jaxx is a multi-currency Ether, Ether Classic, Dash, DAO, Litecoin, REP, Zcash, Rootstock, Bitcoin wallet and user interface. Jaxx has been designed to deliver a smooth Bitcoin and Ethereum experience. It is available on a variety of platforms and devices (Windows, Linux, Chrome, Firefox, OSX, Android mobile & tablet, iOS mobile & tablet) and connects with websites through Firefox and Chrome extensions. Jaxx allows in wallet conversion between Bitcoin, Ether and DAO tokens via Shapeshift and the import of Ethereum paper wallets. With an array of features and the continual integration of new currencies, Jaxx is an excellent choice for those who require a multi-currency wallet.

Pros: Good privacy & security, Multi-currency, wallet linking across multiple platforms, great user support, feature rich, user friendly, free.  
Cons: Code is not open source, can be slow to load.

Armory

Armory is an open source Bitcoin desktop wallet perfect for experienced users that place emphasis on security. Some of Armory’s features include cold storage, multi-signature transactions, one-time printable backups, multiple wallets interface, GPU-resistant wallet encryption, key importing, key sweeping and more. Although Armory takes a little while to understand and use to it’s full potential, it’s a great option for more tech savvy bitcoiners looking to keep their funds safe and secure.
 
Pros: Good privacy, great security features, multi-signature options, solid cold storage options, free.
Cons: Only accessible via the desktop client, not for beginners.
 
Trezor

Trezor is a hardware Bitcoin wallet that is ideal for storing large amounts of bitcoins. Trezor cannot be infected by malware and never exposes your private keys which make it as safe as holding traditional paper money. Trezor is open source and transparent, with all technical decisions benefiting from wider community consultation. It’s easy to use, has an intuitive interface and is Windows, OS X and Linux friendly. One of the few downsides of the Trezor wallet is that it must be with you to send bitcoins. This, therefore, makes Trezor best for inactive savers, investors or people who want to keep large amounts of Bitcoin highly secure.

Pros: Good security & privacy, cold storage, easy to use a web interface, in-built screen, open source software, beginner friendly.
Cons: Costs $99, must have device to send bitcoins
 
Ledger Nano

The Ledger Wallet Nano is a new hierarchical deterministic multisig hardware wallet for bitcoin users that aims to eliminate a number of attack vectors through the use of a second security layer. This tech-heavy description does not mean much to the average consumer, though, which is why I am going to explain it in plain language, describing what makes the Ledger Wallet Nano tick. In terms of hardware, the Ledger Wallet Nano is a compact USB device based on a smart card. It is roughly the size of a small flash drive, measuring 39 x 13 x 4mm (1.53 x 0.51 x 0.16in) and weighing in at just 5.9g.

Pros:

Screen/device protected by metal swivel cover
Multi Currency support
3rd-Party apps can run from device
U2F support
When recovering wallet from seed, the whole process can be done from the device without even connecting it to a computer!
Fairly inexpensive (~$65 USD)
Cons:

Not as advanced wallet software (no transaction labeling)
No ability to create hidden accounts
No password manager

Green Address

Green Address is a user-friendly Bitcoin wallet that’s an excellent choice for beginners. Green Address is accessible via desktop, online or mobile with apps available for Chrome, iOS, and Android. Features include multi-signature addresses & two-factor authentications for enhanced security, paper wallet backup, and instant transaction confirmation. A downside is that Green Address is required to approve all payments, so you do not have full control over your spending.

Pros: Solid security, multi-platform & device, multi-sig, beginner-friendly, open source software, free.
Cons: Hot wallet, average privacy, the third party must approve payments.
 
Blockchain (dot) info

Blockchain is one of the most popular Bitcoin wallets. Accessing this wallet can

be done from any browser or smartphone. Blockchain.info provides two different additional layers. For the browser version, users can enable two-factor authentication, while mobile users can activate a pin code requirement every time the wallet application is opened. Although your wallet will be stored online and all transactions will need to go through the company’s servers, Blockchain.info does not have access to your private keys. Overall, this is a well-established company that is trusted throughout the Bitcoin community and makes for a solid wallet to keep your currency.

Pros: Good security, easy to use web & mobile interface, well-known & trusted company, beginner friendly, free.
Cons: Hot wallet, weak privacy, third party trust required, has experienced outages.
Cryptocurrency Exchanges

What is a cryptocurrency exchange?

An exchange is a website which facilitates the buying, selling and exchanging of cryptocurrencies for other digital currencies or more traditional currencies like the US dollar. For those interested in professional trading there are exchanges out there that host all the fancy trading tools however you will most likely need to verify your ID to open an account. If you are just interested in making the occasional, straightforward trade there are also platforms that you can use that do not require an account.

Different exchange types

Trading Platforms – Websites that connect buyers and sellers together. They take a cut of every trade facilitated by their platforms.
Direct Trading – These websites offer p2p trading and don't have a fixed market price, instead each seller sets their own price. These platforms are most commonly used by people wanting to avoid ID verification.
Brokers – Platforms like Coinbase that anyone can visit to buy cryptocurrencies at their price (usually updated every 10 seconds). This process is similar to using a foreign exchange dealer if you want to move your US dollars into Australian dollars for example.
 
Key points when picking your exchange

Like anything in the crypto space it is important to do your homework before you start trading. Here are a few things to check before making your first trade.

​Reputation – The best way to find out about an exchange is to search through reviews from individual users and well-known industry websites. You can ask any questions you might have on forums like BitcoinTalk or Reddit.

Fees – Most exchanges should have fee-related information on their websites. Before joining, make sure you understand deposit, transaction and withdrawal fees. Fees can differ substantially depending on the exchange you use.

Payment Methods – What payment methods are available on the exchange? Credit & debit card? wire transfer? PayPal? If an exchange has limited payment options then it may not be convenient for you to use it. Remember that purchasing cryptocurrencies with a credit card will always require identity verification and come with a premium price as there is a higher risk of fraud and higher transaction and processing fees. Purchasing cryptocurrency via wire transfer will take significantly longer as it takes time for banks to process.

Verification Requirements – The vast majority of the Bitcoin trading platforms both in the US and the UK require some sort of ID verification in order to make deposits & withdrawals. Some exchanges will allow you to remain anonymous. Although verification, which can take up to a few days, might seem like a pain, it protects the exchange against all kinds of scams and money laundering.

Geographical Restrictions – Some specific user functions offered by exchanges are only accessible from certain countries. Make sure the exchange you want to join allows full access to all platform tools and functions in the country you currently live in.
Exchange Rate – Different exchanges have different rates. You will be surprised how much you can save if you shop around. It’s not uncommon for rates to fluctuate up to 10% and even higher in some instances.

The Best Cryptocurrency Exchanges

Today there are a host of platforms to choose from, but not all exchanges are created equal. This list is based on user reviews as well as a host of other criteria such as user-friendliness, accessibility, fees, and security. Here are ten of the best crypto exchanges in no specific order listed and explained by block geeks.

Coinbase

Backed by trusted investors and used by millions of customers globally, Coinbase is one of the most popular and well-known brokers and trading platforms in the world. The Coinbase platform makes it easy to securely buy, use, store and trade digital currency. Users can purchase bitcoins, Ether and now Litecoin from Coinbase through a digital wallet available on Android & iPhone or through trading with other users on the company’s Global Digital Asset Exchange (GDAX) subsidiary. GDAX currently operates in the US, Europe, UK, Canada, Australia and Singapore. GDAX does not currently charge any transfer fees for moving funds between your Coinbase account and GDAX account. For now, the selection of tradable currencies will, however, depend on the country you live in. Check out the Coinbase FAQ and GDAX FAQ

Pros: Good reputation, security, reasonable fees, beginner friendly, stored currency is covered by Coinbase insurance.
Cons: Customer support, limited payment methods, limited countries supported, non-uniform rollout of services worldwide, GDAX suitable for technical traders only.
Kraken

Founded in 2011, Kraken is the largest Bitcoin exchange in euro volume and liquidity and is a partner in the first cryptocurrency bank. Kraken lets you buy and sell bitcoins and trade between bitcoins and euros, US Dollars, Canadian Dollars, British Pounds and Japanese Yen. It’s also possible to trade digital currencies other than Bitcoin like Ethereum, Monero, Ethereum Classic, Augur REP tokens, ICONOMI, Zcash, Litecoin, Dogecoin, Ripple and Stellar/Lumens. For more experienced users, Kraken offers margin trading and a host of other trading features. Kraken is a great choice for more experienced traders. Check out the Kraken FAQ
 
Pros: Good reputation, decent exchange rates, low transaction fees, minimal deposit fees, feature rich, great user support, secure, supported worldwide.
Cons: Limited payment methods, not suitable for beginners, unintuitive user interface.
 
Cex.io

Cex.io provides a wide range of services for using bitcoin and other cryptocurrencies. The platform lets users easily trade fiat money with cryptocurrencies and conversely cryptocurrencies for fiat money. For those looking to trade bitcoins professionally, the platform offers personalized and user-friendly trading dashboards and margin trading. Alternatively, CEX also offers a brokerage service which provides novice traders an extremely simple way to buy bitcoin at prices that are more or less in line with the market rate. The Cex.io website is secure and intuitive and cryptocurrencies can be stored in safe cold storage. Check out the Cex.io FAQ
 
Pros: Good reputation, good mobile product, supports credit cards, beginner friendly, decent exchange rate, supported worldwide.
Cons: Average customer support, drawn out verification process, depositing is expensive.
 
ShapeShift

ShapeShift is the leading exchange that supports a variety of cryptocurrencies including Bitcoin, Ethereum, Monero, Zcash, Dash, Dogecoin and many others. Shapeshift is great for those who want to make instant straightforward trades without signing up to an account or relying on a platform to hold their funds. ShapeShift does not allow users to purchase crypto’s with debit cards, credit cards or any other payment system. The platform has a no fiat policy and only allows for the exchange between bitcoin and the other supported cryptocurrencies. Visit the Shapeshift FAQ
 
Pros: Good reputation, beginner friendly, Dozens of Crypto’s available for exchange, fast, reasonable prices.
Cons: Average mobile app, no fiat currencies, limited payment options and tools. 

Poloniex

Founded in 2014, Poloniex is one of the world’s leading cryptocurrency exchanges. The exchange offers a secure trading environment with more than 100 different Bitcoin cryptocurrency pairings and advanced tools and data analysis for advanced traders. As one of the most popular trading platforms with the highest trading volumes, users will always be able to close a trade position. Poloniex employs a volume-tiered, maker-taker fee schedule for all trades so fees are different depending on if you are the maker or the taker. For makers, fees range from 0 to 0.15%, depending on the amount traded.

For takers, fees range from 0.10 to 0.25%. There are no fees for withdrawals beyond the transaction fee required by the network. One of the unique tools on the Poloniex platform is the chat box which is constantly filled with user help and just about everything. Any user can write almost anything but inappropriate comments are eventually deleted by moderators. It can sometimes be hard to distinguish the good advice from the bad, but the Chatbox is a great tool that will keep you engaged.

Pros: fast account creation, feature rich, BTC lending, high volume trading, user-friendly, low trading fees, open API.
Cons: Slow customer service, no fiat support.

Bitstamp

Bitstamp is a European Union based bitcoin marketplace founded in 2011. The platform is one of the first generation bitcoin exchanges that has built up a loyal customer base. Bitstamp is well known and trusted throughout the bitcoin community as a safe platform. It offers advanced security features such as two-step authentication, multisig technology for its wallet and fully insured cold storage. Bitstamp has 24/7 support and a multilingual user interface and getting started is relatively easy. After opening a free account and making a deposit, users can start trading immediately. Check out the Bitstamp FAQ and the Fee Schedule

Pros: Good reputation, high-level security, worldwide availability, low transaction fees, good for large transactions.
Cons: Not beginner friendly, limited payment methods, high deposit fees, user interface.

CoinMama

CoinMama is a veteran broker platform that anyone can visit to buy bitcoin or Ether using your credit card or cash via MoneyGram and the Western Union.

CoinMama is great for those who want to make instant straightforward purchases of digital currency using their local currency. Although the CoinMama service is available worldwide, users should be aware that some countries may not be able to use all the functions of the site. CoinMama is available in English, German, French, Italian and Russian. Check out the CoinMama FAQ

Pros: Good reputation, beginner friendly, great user interface, good range of payment options, available worldwide, fast transaction time.
Cons: High exchange rates, a premium fee for credit card, no bitcoin sell function, average user support.

Bitsquare

Bitsquare is a user-friendly peer to peer exchange that allows you to buy and sell bitcoins in exchange for fiat currencies or cryptocurrencies. Bitsquare markets itself as a truly decentralized and peer to peer exchange that is instantly accessible and requires no need for registration or reliance on a central authority. Bitsquare never holds user funds and no one except trading partners exchange personal data. The platform offers great security with multisig addresses, security deposits and purpose built arbitrator system in case of trade disputes. If you want to remain anonymous and don’t trust anyone, Bitsquare is the perfect platform for you. Check out the Bitsquare FAQ
 
Pros: Good reputation, secure & private, a vast amount of cryptocurrencies available, no sign-up, decent fees, open source, available worldwide, good for advanced traders.
Cons: Limited payment options, average customer support, more advancced. 
The Ultimate Guide To The Best Cryptocurrency Exchanges

LocalBitcoin

LocalBitcoin is a P2P Bitcoin exchange with buyers and sellers in thousands of cities around the world. With LocalBitcoins, you can meet up with people in your local area and buy or sell bitcoins in cash, send money through PayPal, Skrill or Dwolla or arrange to deposit cash at a bank branch. LocalBitcoins only take a commission of 1% from the sellers who set their own exchange rates. To ensure trading is secure, LocalBitcoins takes a number of precautions. To start, the platform rates each trader with a reputation rank and publicly displays past activities. Also, once a trade is requested, the money is held on LocalBitcoins’ escrow service. After the seller confirms the trade is completed the funds are released. If something does happen to go wrong, LocalBitcoins has a support and conflict resolution team to resolve conflicts between buyers and sellers. Check out LocalBitcoins FAQ

Pros: No ID required, beginner friendly, usually free, instant transfers, available worldwide.
Cons: Hard to buy large amounts of bitcoin, high exchanges rates.

Gemini

Co-founded by Tyler and Cameron Winklevoss, Gemini is a fully regulated licensed US Bitcoin and Ether exchange. That means Gemini’s capital requirements and regulatory standards are similar to a bank. Also, all US dollar deposits are held at a FDIC-insured bank and the majority of digital currency is held in cold storage. Gemini trades in three currencies, US dollars, bitcoin, and ether, so the platform does not serve traders of the plethora of other cryptocurrencies. The exchange operates via a maker-taker fee schedule with discounts available for high volume traders. All deposits and withdrawals are free of charge. The platform is only fully available to customers in 42 US states, Canada, Hong Kong, Japan, Singapore, South Korea and the UK.

Pros: Security & Compliance, slick/minimalistic and user-friendly design, great analytics, high liquidity.
Cons: Limited currencies, small community, average customer support, limited worldwide availability, no margin trading.

What Is An ICO?

Are ICO's the future of fundraising?

Recently the ICO market itself hit 1bln. It isn't hard to see how when some ICO's are raising 185m themselves (EOS I'm looking at you) which is IMO more money than a business ever needs at that early stage. If you want to search for the biggest trend in cypto today it is definitely Initial Coin Offerings (ICO's). The idea is not necessarily a new one, it is simply a presale of a cryptocurrency or token of a blockchain project. This guide will demonstrate an overview of ICO's as well as some past, current and future projects. 

What is An Initial Coin Offering?

ICO is the abbreviation of Initial Coin Offering. Companies offer investores some units of their new cryptocurrency or token. Payments are made with Bitcoin or Ethereum 90% of the time. Recently this has put some pressure on the ETH price as people have to buy alot of ETH around ICO times and then the companies dump all that ETH on the market after the ICO finishes. Since 2013 ICO's have become the mainstream way to fund the development of new projects. The pre-created tokens can be easily sold and traded on exchanges (after the ICO finishes and the tokens are listed). The idea then is that there will be so much demand for the token that when you can sell it, you will make a profit.

Due to the rapid influx of new crypto projects built on the back of the Ethereum network ICO's are becoming more and more common and are arguably entering plague proportion where it is becoming ever increasingly difficult to separate the valuable ones from the scams and shills.

With this turn, ICO has become a tool that could revolutionize not just currency but the whole financial system. ICO token could become the securities and shares of tomorrow.

A history of ICO

​In early 2013 Ripple Labs began the development of the Ripple payment system which was created around their 100 billion XRP tokens. The company then sold these tokens to fund the development of the Ripple platform. 

Several other cryptocurrencies have been funded with ICO, for example, Lisk, which sold its coins for around $5mio in early 2016. Most prominent however is Ethereum. In mid-2014 the Ethereum Foundation sold ETH against 0.0005 Bitcoin each. With this, they receive nearly $20m, which at the time was one of the largest crowdfundings ever and serves as the capital base for the development of Ethereum.

Ethereum itself then unleashed the power of smart contracts and has enabled ICO's on it's platform ever since.

Ethereum – The ICO Crowdfunding Machine

One of the fundamental uses of Ethereum's smart contract system is to create a token which can be exchanged on the Ethereum blockchain instead of Ether. The name of this contract is ERC#20. It quickly made Ethereum a host for a very wide range of ICO's. Ethereum has since found itself the main platform for crowdfunding and fundraising for the next generation of crypto currencies.

For those of you that have already participated in an ICO by an ERC#20 token you will know that it is fantastically easy: You transfer ETH, put the copy of the contract in your wallet and almost magically the new token appears in your account and you are free to do with it what you will.

Examples for successful ICO on Ethereum are:

Augur
Melonport
Golem
ICONOMI
Singular DTV
First Blood
Digix DAO
If you want to assess Ethereum’s market capitalization you should not only look at the market cap of Ether itself but also on the value of the token, which adds something like $300 Million to Ethereum’s $4 Billion market cap.

Legality

The legal state of ICO's is somewhat debated. The tokens are sold not as a financial asset but as digital goods which is why they are often termed "crowd sales". In this case, in the majority of jurisdictions, the funding of an ICO is not regulated which means it is extremely easy to access right now. At the moment ICO's mostly happen in a gray area of the law however in the future it is highly likely that they will be regulated and this could have a number of negative effects for investors. It may bear financial or legal risk in addition to added cost and effort to comply with the regulations.

Profit, Loss and Scams

Assessing the potential profit or loss of an ICO has become one of the most important aspects of investing in cryptocurrency. ETH for example was sold at ICO: 0.0005 Bitcoin and today is worth 0.008 which is a profit of over 10,000 percent. Augur sold for around 0.005 bitcoin at ico and are 0.09. A gain in value between 100 and 500 percent is common for a successful ICO

Many ICO has been a lucky choice for investors. ETH, for example, was sold at 0.0005 Bitcoin and is worth today 0,05 BTC. Profit: 10,000 percent. Augur token (REP) were sold for around 0,005 each and are now traded at 0,01. The gain in value of 100 to 500 percent in Bitcoin is common for successful ICO.

There is of course another side. Many ICO's end with losses or at least 0 gains. Cryptocurrencies like IOTA or Omni did not hold their value after ICO. One of the biggest problems and risks of ICO's is the potential for scams and semi-scammers. They look like this:

Build a glossy website, write some blocks of bullshit, promise the greatest project/cryptocurrency ever. They then post the sale address and people are free to send in Bitcoin or ETH. That is why it is so so so important to always do your homework and due diligence on any ICO you are considering investing in.

So while there were many large and successful ICO's many small and shady ICO's did collect funds and delivered nothing at all.

The ICO market is currently still completely unregulated. Everybody should be aware, that this does imply not only large profits for investors, but also large losses.

The hottest ICO of Yesterday, Today and Tomorrow

Let’s have a look what’s going on of the market for ICO. In the past years, there have been a couple of wildly successful ICO.

Hot past Cryptocurrency ICO

Ripple

Ripple Labs created 100 billion XRP-token which serve as an anti-spam mechanism in the payment network Ripple, as you have to pay your network fees in XRP. The XRP are sold by Ripple Labs; their value doesn’t move in a clear direction, while the trend is more downwards. It started with around 5,000 Satoshi, sometimes felt below 1,000 Satoshi, raised above 7,000 and finally fell again to a new low of 600 Satoshi, before again raising on 3,000. 

Next

Next was a new gen cryptocurrency made in 2013. For a start, the 1 billion token were sold to early investors. With the ICO the developers only got a double digits amount of Bitcoins. Today the NXT token, however, are worth much more and Next has become a relatively successful and stable cryptocurrency.

Mastercoin

In 2013 Mastercoin announced to build a layer on top of Bitcoin and sold the Mastercoin-token to investors. The developers received around 10,000 Bitcoin, which have been worth $1mio at this time. Mastercoin token gained value some month later; some investors made huge profits. Later Mastercoin merged with Counterparty and Omni.

Ethereum

The largest ICO by now was made by Ethereum. With a presale of around 60mio ETH, the Ethereum Foundation raised around 31,500 Bitcoin. This event has become one of the biggest crowdfunding ever and the start of a wildly successful cryptocurrency. The investors of the ETH-presale profited massively.

Lisk

Based on BitShares, Lisk is a JavaScript written Blockchain which enables smart contracts on sidechains. Lisk sold the coins for Bitcoins and received around $5mio.

Hot past Ethereum token ICO

 While most ICO in the past has been restricted to building a new cryptocurrency, the smart contracts of Ethereum enable startups also to use ICOs to fund development. Most of them are working with Ethereum itself and trick their presold token somehow in the process. Some examples:

 Augur

The decentralized prediction market uses so-called REP-token to decide on the outcome of events. 80 percent of these tokens have been sold to fund the development and got the team more than $5m. Today all the token are worth more than $100m.

 Golem

The Golem project aims to create a decentralized supercomputer, to which participants can contribute with their own computer and earn money by selling its power. Golem uses the Ethereum blockchain for smart contracts; the GNT token is needed to pay for the services. The ICO was restricted on 820,000,000 tokens, for which the developers received more than 10,000 BTC. Today the market share of Golem is beyond 50,000 BTC.

 ICONOMI

Iconomi is a platform for the management of virtual assets. The ICN token is something like shares on the platform and should receive parts of the profits. The developers sold 85,000,000 token and got more than 17,000 BTC for it. Today it has a market capitalization of nearly 40,000 BTC.

First Blood

The Asian platform for decentralized sportsbet finished the ICO of its token in some seconds. Most of them have been bought by a Chinese exchange.

 SingularDTV

SingularDTV wants to merge Ethereum, smart contracts and the production and stream of videos. With the ICO the platform raised more than 12,000 BTC. Today the whole tokens are worth around 40,000 BTC.

SingularDTV wants to merge Ethereum, smart contracts and the production and stream of videos. With the ICO the platform raised more than 12,000 BTC. Today the whole tokens are worth around 40,000 BTC.

 The token of above ICO can be bought and traded on exchanges. Some additional ICO has just finish some time ago and prepare to release the newly created token on the Ethereum Blockchain. This are the following projects:

 Melonport

Like Iconomi Melonport aims to develop a platform for the management of blockchain assets built upon Ethereum. The MLN token the developers sold will be needed to use the platform and have been sold or more than 2,000 BTC few month ago.

 Qtum

This project wants to build a platform for the easy creation and use of blockchain based smart contracts. For this mission, it could raise more than 14,000 Bitcoin in an ICO.

 Chrono Bank

The “uber of recruitment” intends to build a platform with its own currency for freelance projects. They sold 710,000 tokens for more than 4,000 Bitcoin.

Dfinity

Similar to Golem, Dfinity wants to build a decentralized platform for cloud computing. In its ICO it raised more than 3,000 Bitcoin.

BlockPay With “only” about 1,000

With “only” about 1,000 Bitcoin the ICO of BlockPay was one of the smaller ICOs. BlockPay is a startup building a payment processor for several cryptocurrencies.

With “only” about 1,000 Bitcoin the ICO of BlockPay was one of the smaller ICOs. BlockPay is a startup building a payment processor for several cryptocurrencies.

This are just examples. There are hundreds of further more or less successful ICO. 

Things To Look Out For

Not every ICO is worth your money. Some just throw a couple of keywords in the air, something with blockchains, distributed platforms, smart contracts and so on, without having a real business plan or just the skills to realize the project. But some are really interesting. Good ICOs have presented months ahead, and the investment community looks forward to participating in it.

Cryptocurrency and ICO Investing

We cannot stress enough how important it is to do your due diligence and research the projects you are looking to invest in. To keep it as easy as possible for you we added our checklist to ensure we pick as many winners as possible

Is the dev team high quality. Do they have a reputable history? There are 2 mains rules of investing. Rule 1: Don't loose money. Rule 2: Don't forget rule 1. With that in mind, can you trust the dev team with your money?

Are you investing with founders who have been involved in previous scams? If so, back off immediately. There is a chance the coins price might grow but there is an even higher chance that you will loose your money. It is never worth putting your capital at such risk. Remember rule number 1.

Does the project of interest have a long-term plan? There is a trend recently with new projects of launching their token before even releasing their whitepaper. Which to me is madness. Before investing you should read the projects yellow paper, and if you can't understand that, at least their whitepaper. What is the team trying to achieve? Do they have the means necessary to accomplish their goals and more importantly have they hit any historic milestones. If not, that is a very bad start. What are the timelines of the project and what are the milestones.

Does my coin seem a little bit too well-marketed with too little solid ground and ideas beneath it's feet. So many ICO's these days have a pretty webpage and then they are shipped out to sell. No whitepaper, no data, no proof. Watch out for these: will they be able to deliver?

​What is my exit plan? How long will I keep my money in this project. There will be tokens that you will want to hold forever and there will be tokens that you wish to flip when they hit the exchange or perhaps after they hit their first milestone. In this case make sure you set your timeframe or exit price to reduce the effect of emotions on your trade. Keep in mind that even though your token looks like it will land on the moon post ICO, if it goes over your exit price, sell. It probably will come crashing back to earth. Stick to your plan, watch your emotion and don't forget rule number 1.
Is this coin actually valuable in the real-world. Some coins may increase in price due to demand, marketing and hype however this trade might not be sustainable. For a coin to have long term growth it must have real-world use cases or it WILL NOT last. Look out for those coins that seem too much like a get-rich-quick scheme.
Extra Resources

Sadly we don't have time to list every possible ICO in the article. To make investment decisions, you need to make up your own mind and do your research. The following resources can help you find alot of information about past, current and future ICO's.

cyber.fund/radar 

coinmarketcap.com 

www.reddit.com/r/icocrypto 

tokenmarket.net/ico-calendar 

ico-list.com 

From $800 - $800,000

After making my fortune I decided it is time to do my part and teach everyone else how exactly I did it. My journey from $800 - $800,000.

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