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Make Money With Bitcoin Cryptocurrency ICOS-Part 2

Invest In Bitcoin And Other Types Of Crypto Currency And Crypto Coins By Joining The BitClub Network

· Bitcoin,BitClub Network,Crypto Currency,Crypto Coins,Cryptocurrency

If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please Join BitClub Here For Free. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions Contact Clyde Thorburn Here.

Invest in Bitcoin and other types of Crypto Currency and Crypto Coins by joining the BitClub Network.

Author : Crypto Income Staff 9 September 2017

A dollar invested in Ethereum on January 5, 2015, would have grown to $649.72 by September 2, 2017. Making a fortune in cryptocurrencies is no fantasy. The recorded growth in altcoin values, which is easily confirmed at websites such as Coinbase proves that it is possible for an altcoin to increase in value by hundreds or thousands of dollars. HOW ICOS WORK. An initial cryptocurrency offering occurs when somebody places a new altcoin for sale. As with an IPO, the promoters behind the ICO usually announce it to the media and spread a lot of hype around. A few years ago ICOs were ignored because cryptocurrencies were worth just a few pennies apiece, but today they are big news. A few altcoins are now worth hundreds or even thousands of dollar a unit. Investors are rushing to buy up new cryptocurrencies in hopes of finding the new Ethereum or the next Bitcoin. A few ICOs have attracted widespread attention because of their growth. The biggest success has been NEO at, a Chinese altcoin formerly known as Ant Shares, NEO started trading with a value of $0 on September 9, 2016, by September 2, 2017, a NEO coin was trading for $30.29. People rushed to buy NEO because of its similarities to Ethereum, and speculation that the Chinese government and central bank were behind the currency. As with IPOs most of the early value was created by speculation.

ICOS AS A FUNDRAISING TOOL. Despite their speculative nature, ICOs have become a very lucrative and effective fund raising tool. Some companies are even using them to raise money for operations. Companies are using such offerings as fundraising tool because there is a lot of money to be made from them. Around $1 billion was invested in ICOs during the first six months of 2017, Forbes contributor Laura Shin estimated at One offering that of the smart contract platform Tezos reportedly raised $232 million during the last week of June 2017. A Singapore company called TenX was even able to raise $34 million in just seven minutes with its ICO, Bitcoinist reported at TenX needed the money to finance the launch of its digital wallet and debit cards that convert cryptocurrencies into paper money. The investors were hoping that TenX’s PAY ICO will be worth big money someday because of its use in a digital wallet that can convert up to eight cryptocurrencies into fiat currencies. They think PAY will explode in value because TenX’s card is supposed to make it possible to spend altcoins like DASH and Ethereum at real world locations such as McDonald’s or the grocery store. Other companies have jumped on the ICO bandwagon as well. Burger King Russia issued WhopperCoin a cryptocurrency that helps consumers buy burgers.

A possible use for WhopperCoin at is to enable Americans and Europeans to invest in Burger King Russia without violating U.S. or European Union sanctions against that nation. Another is a rewards point scheme to drive new sales. Another example of ICOs as a fundraising tool is a company called Unikrn which is trying to developing a blockchain solution for gambling. Unikrn operates a sports betting site called Unikrn but it also created a cryptocurrency called UnicoinGold. The UnicoinGold ICO attracted the attention of American billionaire investor, sports team owner, and reality TV star Mark Cuban at Cuban bought into UnicoinGold because he thinks there might be a lot of money to be made in sports betting. Like TenX, Unikrn was using an ICO as a fund raising tool in lieu of venture capital or a stock offering. Yet another organization that is aiming to disrupt finance, and raise funds through a cryptocurrency offering, is Change Bank. Change promotes itself as a “truly decentralized global bank” that offers altcoin-based consumer solutions such as a mobile app, peer to peer to payments and a plastic MasterCard debit card. More traditional banking services such as checking and savings accounts, lending, and money-market accounts will be presumably made available at some point in the future.

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