Why I Won’t Invest in ICOs

Bitcoin Graph

Initial Coin Offerings (ICOs) are a common way for cryptocurrencies to raise money. However, the ICO market reeks of fraud and scams. I would not risk any significant amount of money on ICOs.

ICOs have features that make them a unique combination of a crowdfunding campaign and a stock purchase. They have grown in popularity as the lucrative early investment in Bitcoin has made many millionaires and some billionaires.