Post
Topic
Board Speculation (Altcoins)
Re: ICOs are profitable but not always be the case
by
M0N3YMAGNET
on 22/05/2018, 06:16:40 UTC
For the guy who said he made $1M on ONT, they never had an ICO, um, so how did you do that? ICO's such as Icon and Wanchain did insanely well. The thing is, ICO's are no longer available for the retail investor. What is available are Airdrops which generally suck. The Institutional investors are beginning to centralize the Blockchain investing space day by day. The Startups in the space will only deal with wealthy investors, which does not seem to represent what the space stands for. I think this may end up backfiring at some point because it excludes too many people. Most ICO's now hold private sales and end up selling out to super wealthy investors and the little guys like you sitting at home on your computer are chasing scraps (Airdrops).

I felt 2017 was a great year for ICO investing and this year is moving fast towards centralization, defying what Bitcoin was meant to stand for. Many of the Blockchain startups are focused on enterprise, and the traders themselves get excited when a centralized organization is partnering with a Blockchain startup. People freely scan their passports to strange companies demanding every detail. The companies are now deciding to hedge their risk by on boarding the wealthy into these projects. YouTube influencers are also reaping the benefits of juicy deals.