You could turn $100 into a fortune!

That is why ICOs (Initial Coin Offerings) boomed last year. New projects launched their own digital tokens. Everyone wanted to get in on the bottom of a skyrocketing cryptocurrency.

Bitcoin easily fueled that desire. If you put $100 into Bitcoin in January of 2012, you would be sitting on over 200 grand now, assuming you didn’t get excited and sell when Bitcoin reached $1000, or $5000, or $10,000…

Cryptocurrencies are exciting. They have the potential to upend the entire financial sector. The blockchain and other technology underlying tokens will truly prove revolutionary. But that doesn’t mean you should throw caution to the wind and empty your savings account in favor of cryptocurrency speculations.

Accounting firm Ernst and Young released a report in December all about ICOs.

Last June 90% of ICOs reached their funding goals. But by the time November rolled around, fewer than 25% of ICOs hit their target.

The reason? The cryptomarket was flooded with crap.