Do you want to make profit by investing in virtual currency? It’s best to close the position and sell it within 6 months

According to Boston College research, about 56% of start-ups disappear within four months after ICO. The research report also suggests that investors should sell virtual currency within six months if they want to make a profit.
The report analyzes the twitter accounts of a start-up company as a basis for judging whether the company is viable or not. The researchers examined 2 390 ICO cases completed before May and found that only 44.2% of start-ups survived more than 120 days after the completion of ICO.
The safest investment strategy, researchers say, is to buy virtual money in ICO and sell it on the first day. But a lot of people can't join the ICO, so they can't use it.
According to the research, all investors should sell their virtual currency in the first six months. "We find that once more than three months, up to six months, the performance of the new currency will not surpass other cryptocurrencies. In fact, the highest rate of return is in the first month.
Although cryptocurrency is one of the hottest industries at present, the risks behind it should not be underestimated, the report said. According to the website of coinopsy, more than 1000 virtual currencies have disappeared, and the loss of investors as a whole is as high as billions of dollars.
In September last year, the people's Bank of China issued a document banning the initial token issue (ICO) of virtual currency, 88 domestic virtual currency trading platforms and 85 domestic ICO trading platforms, and basically realized a risk-free exit. The global share of bitcoin trading in RMB dropped to less than 1%.
In view of the recent new varieties and new situation of related illegal financial activities, the relevant regulatory authorities organized to block the "going to sea" virtual currency trading platform and resolutely crack down on the ICO risk and various varieties. As of the end of May, 110 websites of trading platforms, including huocoin.com and coin.com, had been blocked.
Pan Gongsheng, vice president of the people's Bank of China, said that private placement of token issuance and all kinds of private placement of token issuance in disguised form, digital currency trading activities such as bitcoin, and Internet Financial platforms, involving illegal fund-raising and illegal securities issuance, "are not allowed to do.".
He stressed that at present, after being hit in China, some institutions go abroad and still conduct business to Chinese residents without the permission of the Chinese government, which is also clearly illegal and prohibited. He stressed the need to curb incremental risk. For the emergence of some new Internet financial products and formats, in the existing legal and policy framework, if they do not meet the requirements, they will be "exposed".
At present, there are about 1600 kinds of virtual currencies in the world. The cumulative daily turnover is more than $10 billion. Among them, bitcoin's daily turnover is about $6 billion.
Liu Xiaolei, director of the blockchain laboratory, director of the Department of finance, Guanghua School of management, Peking University, said, "a lot of air coins have no value, but they can still be fried very high. Why? It's bosha. Although the value is zero, now it's sold for 10 yuan, and there are still people willing to buy it for the next 20 yuan. Find a bigger fool to sell it to him."