[wellinever]

There is still massive FOMO when you go over an ICO, decide its stupid, and then post ICO it goes up 1000%. Its a ponzi scheme, sure, but people are still making 1000% in 2 weeks. So what do you do? Stick to your guns and ignore it? Or have a cheeky swing at it?

Its like the r/investing reddit since 2011 - twice a week someone asks "should I invest in bitcoin/ethereum?" and the knowledgeable investors like clockwork say "no, its not an investment". Meanwhile, everyone who did is up 10,000%-100,000%, while the average r/investing poster is happy to make 2% above the S&P500 return. Many things are sort of a bubble or ponzi, the people who really make truckloads of money are either very lucky, very stupid, or mentally ill in some way.. This goes for property markets - where the spoils go to the people who con the banks for as much credit as possible and buy house after house in a manic way, or in business eg. uber, where someone with a god complex raises some ridiculous amount of money and just expands as fast as they possibly can.

[mpfundstein]

So how does it work? Let's say there is an ICO that I want to make a quick buck from. I first buy Ether, then I participate in the ICO early enough to get enough token. And then? The only option is to wait until the token hits Poloniex and sell asap when price > invest.. is that the strategy?

[wellinever]

Yes.. I think the ship has sailed now however because in the big league ICO's (eg. BAT) it is almost impossible to buy in time

[DiNovi]

this is a very bad take.