Post
Topic
Board Tokens (Altcoins)
Re: [ANN] [ICO] VIBEHub | Crypto Based Virtual Reality Marketplaces & Hubs
by
stormcleric
on 20/09/2017, 14:40:37 UTC
That's why i was chuckling when other posters where asking if they were cool and worried because they haven't accrued a larger amount. It's crazy how much money is been thrown around in the crypto-space that 1.5 million is met with melancholy.

1.5 mil is absolutely huge if you compare it with what you have to pull off on Kickstarter these days to raise that amount in the software section. You need: a veteran team with a combined experience of roughly 2000 years minimum, a product that is already finished, implementation of every suggestion from every backer even if they are mutually exclusive, and the rewards need to be cast in gold and covered in diamonds.

Exactly, and that why am kinda worried about this space cos you have several companies raising ridiculous amount of money and denouncing their stance soon as the ico is over. I don't anticipate this excessive funding been good for the crypto space but i guess we will find out.

Thats the reason why I understand the decision from China to temporarily stop ICOs. Dozens of shitty ICO raising millions and investors who blindly invest in anything they see without knowing exactly what they are supporting with their money. And we are talking about sums where it seems like for some even 1.5 mil are a disappointment. Thats indeed a serious trend.

The reason behind China banning ICO and exchanges is because they want their piece of the cake. It's all about money.