You forgot to include Einstein's lesser known theorem of E=Poloniex²
Which simply states that regardless of the merits of any ICO, if it trades on Poloniex shortly after, ICO speculators will make money.
Mathematical proof: Gnosis
I have to say ^ is mostly why I put in. When you try using too much logic in an illogical market...you end up humbled.
So now if something sounds too good to be true...I make SURE to put some in. If I win I probably win big, if I lose, eh no big deal.
After all if you can't survive losing this capital then don't put it into anything but a garden to grow yourself some food for a year.They're not positive who first coined it if it was Keynes (ugh) or whomever...I've heard Buffett say it in interviews...
"The markets will remain irrational longer than you remain solvent"These are serious words to at least consider in any bubbly market, but especially tech ones, where almost anyone from anywhere in the world can participate, throwing in money and thus in theory raising at least the perceived value of the product because if more and more people want into something there's
gotta be a reason, right? Heheh I feel like just understanding psychology is going to make a lot of people, and already has obviously, a ton of money in cryptos.
Good luck to everyone who put in, and good luck to everyone who didnt, with their respective choices!