[Translate into English] Utilizing ICO advantages ~ Investment in cryptocurrencies / Warren Buffett style 2

How should we think and act to apply Buffett's style to cryptocurrency investing? There was someone writing something a little interesting about that, so I translated it into Japanese. This is the second installment.

Utilizing the ICO Advantage - Investing in Cryptocurrencies / Warren Buffett Style 2

Investing in cryptocurrencies in the Warren Buffett style is not so difficult. That style can be summarized in the following sentence.

“When investing in cryptocurrencies, ask smart questions, do research, and hold for the long term.”

The part of this sentence that says “ask smart questions” determines investment success. One of the four questions I ask myself before investing in cryptocurrencies is, “Will investing in that token yield any profit?” Let’s delve into this point using ICOs as the subject.

ICO stands for a method by which cryptocurrency projects raise funds. Similar to Kickstarter, the company sells coins over a specific period. Typically there is a funding cap. For example, if a coin conducts an ICO from June 1 to June 14 and the funding cap is reached at 15 million dollars, the fundraising ends. Once the coin sale achieves the fundraising goal, the company can begin full-scale activities.