Banyan Hill Publishing recently added an outstanding trader and cryptocurrency expert to their editorial team. His name is Ian King, and he is so passionate about cryptocurrencies and the blockchain technology, he left a great job as a hedge fund manager to set up a website educating investors about bitcoin. He recently wrote an article on why the Initial Claim Offerings (ICO) are great for ordinary investors who want to see their portfolios grow exponentially. Learn more on crunchbase about Ian King
For many years now, Wall Street investment banks have reserved access for the best initial public offering tech stocks to their best and largest customers. Plus, the venture capitalists who finance startup firms before they go public make a lot of money through this process. But ordinary investors are left out in the cold. If the ordinary brokerage client gets access to an IPO, they should turn it down and fire that broker. He or she is just under orders to flog the stock of a lousy company to whoever will buy it. If it were a really promising company such as Facebook, a billionaire or a fund manager would be buying it up.
However, the marketplace for initial coin offerings is not controlled by investment banks. Any company that want to raise money for a blockchain project can get the word out, and its coins or tokens are open to everyone. Someday, ordinary investors may have to compete with billionaires and hedge funds who are looking to invest massive amounts of capital into blockchain projects, but they won’t have their access blocked by investment banks and brokerages reserving all the best deals for their best customers. The increased competition will drive up the price faster. And all investors in ICOs should perform their due diligence before risking any money. Last year, one ICO raised a lot of money, and then the company and its owners just disappeared. Read more about Ian King at tumblr.com for more updates
That’s one reason why so many people still want to invest in cryptocoins, whether bitcoin, established altcoins such as ether or just-issued ICOs. Three cryptocurrency exchanges had to close their doors to new customers until they could beef up their infrastructure: Bitfinex, Bittrex and Binance. Also, crypto investors should remember that, like the dot com boom of the late 1990s, many of the new companies will not survive. A few of the new companies could turn into the next equivalent of Amazon, but many will go out of business. Learn more:https://banyanhill.com/bitcoin-expert-ian-king/