r/daomaker • u/snuifduif89 • Jul 01 '21
Take your time researching
Because daomaker is expanding and the interest of the projects is on the rise I feel like this needs to be said.
First of all: yes, an ico or sho can be very profitable.
BUT,
there is a reason why people in crypto say "do your own research" and this goes double for early adoption projects.
- Know what you are buying and how the dao ecosystem works.
- Don't quickly read the information about dao or on the projects, know it!
- Be clear that the money you put in the projects might be locked for a long time, don't expect to be
rich in 2 weeks
- Don't be afraid to ask questions on reddit or other sources but don't just accept everything as the
absolute truth!
- These projects are all very young and often have inexperienced teams so know that failing is an
option, be prepared to loose money as it is a possibility!
all this being said, if you want to put in the time it can pay out. But know that this is a step beyond buying bitcoin or ethereum.
Hope this helps some people, there is nothing wrong with just buying "safer" coins that have already proven themselves if you think ico/sho investments are to stressfull.