ico buy ins are just another scam method to make money. if the believed in their vision they'd release first then ask. not this we want to make this give money. projects sometimes generate 100 million. seriously its a team of 5. how can they need 100 million to get started. google, apple etc didnt start with 100 million in cash. how many of these ico funded projects have got anywhere? how many will be around in years to come? once sec comes down hard these unregistered securities wont be worh jack. just because they call it and ico doesnt mean its not an ipo.
just because they incorporate in some third world country doesnt mean as a us cutizen they cant be charged for sell to us citizens. its a ticking timebomb waiting to blow and its a dotcom bubble pop all over again.
The market currently expects everything that does an ICO to turn to gold. Go up 100x in months, just like it did the past few months.
This of course can't keep going. If a stock value increases 10% per year, it's doing good. People now expect 30%
per day! Greed makes them blind, and when the bubble pops, they lose big time. Several altcoins lost 98% of their value in the past, it can happen again. It's a high stake gamble at the moment.
Don't forget: the ones pumping and dumping need you to make their profit. They want your money! Of course you can earn from it if you get in and out at the right moment, but that's not the goal of the pump.
And that's another reason I like Byteball: no promises, it all just works already!
But: it does make me worry what will happen after the airdrops stop: will it have gained enough momentum to keep going? Will it's insurance smart contracts actually be used? Will it have enough new witnesses? I'm actually thinking of creating one, and I'd also like to create a Byteball based token, just to be the first (?).
If only I can find the time to do so.