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TIMESTAMPS:
00:00 How I Made $200,000 in Crypto in 1 Week – Without Trading
00:41 How to multiply your money with crypto
01:46 Jerry Banfield’s story
04:34 What is a pre-sale?
07:01 Joe Parys’ story
11:50 What gave you the confidence to take the risk? (Jerry)
13:49 Greed & Fear – Understanding the game.
15:44 Continue to study crypto
16:30 Join the class & VIP group
📝 What Is a Pre-Sale?
Pre-selling is a practice performed by some crypto projects ahead of an initial coin offering, in which tokens are sold to interested parties at a certain price.
This could be considered beneficial for both investors and the development team, if all was to go well and the digital currency was to be a success. While the project’s creators would receive much-needed funds to finalize the project, investors have the potential to acquire an Altcoin that could be worth a lot more in the future.
Developers may also perform a pre-sale in order to create buzz ahead of the ICO, hoping for a price surge when the asset goes public.
It is worth noting that pre-selling can come with risks. If a project fails, investors can find themselves owning worthless tokens, unable to make a profit from their investment. This adds to the fact that, when the actual ICO takes place, the plethora of coins now available to the public might dampen the value of the ones they initially bought.
On the other hand, developers have to be wary of investors who might offload pre-sold token shortly after launch, making a decent profit.
It definitely doesn’t look good for a coin that recently underwent an ICO if early investors dump the coins they own at the first chance.
Source: https://coinmarketcap.com/alexandria/glossary/pre-sale
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DISCLAIMERS:
Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
Affiliate Disclaimer: These descriptions usually contain affiliate links. If you decide to purchase a product through one of them, I receive a small commission at no cost to you. I never endorse products that I have not personally used myself or not found to be beneficial in my life.
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