Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You'll need to exchange real currency for the cryptocurrency to access the good or service.
The best cryptocurrency to buy is one we are willing to hold onto even if it goes down. For example, I believe in TICO that I am willing to hold it even if it goes down 99% and would start buying more of it if the price dropped, to make more profit when the price goes up.
While profits are possible trading cryptocurrencies, so are losses. My first year involved me spending hundreds of hours trading Bitcoin with a result of losing over $5,000 with nothing to show for it. Simply trading digital currencies is very similar to gambling because no one really knows what is going to happen next although anyone can guess! While I was lucky to do nothing expect lose money when I started, the worst thing that can happen is to get lucky right away and get a big ego about what an amazing cryptocurrency trader we are.
Before TICO I was all in an another altcoin and really excited about it. When I first bought the price was low and made payments to me every week just for holding it. As I tried to participate in the community over the next several months, I was consistently met with a mix of excitement and hostility. When I began talking openly about this, the negative emotions won over in the community and in me. Originally I had invested and been happy to hold no matter what, the price which quickly went up after I bought it.
ICO (Initial Coin Offering) is a means by which funds are raised for a new cryptocurrency venture. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies.
TICO has already completed the necessary applications to get TICO listed on several key exchanges. We are in discussions with those exchanges now, and anticipate an immediate listing on at least one exchange once the coin is launched.
The TICO token is standard ERC20, and can thus be maintained using a variety of Ethereum wallets. TICO will eventually provide hosting wallets for our users, but we advise using MetaMash, Mist, or MyEtherWallet until that option is available.