I see we got a little pump on the SPF price. I wonder if the price will be able to hold.
I think it will be very hard since most of the people holding SPF seems to be here just for pure speculation and they will sell their SPF bags soon if the price won't continue to increase.
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But on other hand there i slots of news. Like Figo joining that pumped price by 100%. That is time to sell your coins and right now slowly start buy them back. For those people that you mention. the speculators.
You're right yes, experience traders do this. But there are probably some people who don't understand this. They bought one time and now they won't buy/sell until "moon" (which they probably didn't define). And if they will have enough of waiting they will just sell. At least this is the feeling I get from people on Telegram.
Reading about different ICO's I can see many of them are failing now. I think the whole ICO-mania is settling down. I am really interested in how things will turn out. Do you think ICO crowdfunding as it is will still be legal in 3-5 years time?
I think there are two different solutions for "ICO-mania".
1. People will stop throwing their money at every ICO they see. This is probably long, hard way as people are too naive and there will always be a new person who will invest in new "spectacular" ICO. In general, if crypto community will mature ICO's will automatically be harder to succeed. We know we are responsible for our own funds in crypto, so DYOR.
2. Governments will regulate crypto/ICO space. This is probably going to happen but it's really hard for them. And we never know when this will happen if it ever will.