Ep. 016: Ask Kim: What Is An ICO and Why Don't You Invest In Them?

 

Today, we are going to be answering another question from the Ask Kim mailbag. Dina writes:

Love your podcast. I have been in crypto for just over year. I own about eight different coins, all of them ICOs. You seem to be the only person in crypto who does not recommend alt coins. Can you explain your logic? Trying to figure out if I am making a mistake. Looking forward to your answer. Dina.
 
 

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I believe, every single crypto asset you buy, beyond Bitcoin, incrementally increases risk without a commensurate reward for that risk.
— Kim HUghes

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LINKS AND RESOURCES MENTIONED:

Cryptoassets - Tatar & Burniske (Amazon aff. link)

The Third Wave: An Entrepreneur's Vision of the Future - Steve Case (Amazon aff. link)

Nearly Half of 2017’s Cryptocurrency 'ICO' Projects Have Already Died (Fortune)

Why I am a #NoAltCoiner in retirement portfolios (Hughes)

SEC/CFTC Testimony to Senate Banking Cmte. (C-Span)

On the Velocity Problem for Cryptoasset Value (Wilson Lau)

 

QUESTIONS OR FEEDBACK:

Email: askkim@sanecrypto.com

Twitter: @sanecrypto https://twitter.com/sanecrypto

 

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Kim Snider