Re: Long-term or short-term, here are the results you need!
Alexander Momot, co-founder and CEO of the UK-based cryptocurrency startup REMME, recently posted on Facebook, showing data on ICO tokens held by investors in 36 countries as of June this year, saying the company collected data on almost all white papers. Monitor some of the ICO's overall trends, such as whether residents in each region tend to hold or sell within four months of the currency.
From the data presented by Momot, it can be found that in developing countries such as Brazil, Nigeria, Pakistan, Turkey, and the Philippines, buyers tend to sell ICO tokens within four months after issuing coins. Russia and Ireland also have such short-term buyers, holding only 12% and 21% of investors.
In developed countries such as the United States, the United Kingdom, Australia, Switzerland, Sweden, and Hong Kong, buyers tend to hold longer, but Ukrainian buyers also tend to hold, and their share of investors held in four months 58%.
Author: chaindd
From the data presented by Momot, it can be found that in developing countries such as Brazil, Nigeria, Pakistan, Turkey, and the Philippines, buyers tend to sell ICO tokens within four months after issuing coins. Russia and Ireland also have such short-term buyers, holding only 12% and 21% of investors.
In developed countries such as the United States, the United Kingdom, Australia, Switzerland, Sweden, and Hong Kong, buyers tend to hold longer, but Ukrainian buyers also tend to hold, and their share of investors held in four months 58%.
Author: chaindd
People invest for different reasons and based in a particular geographical location is just coincidence as the report has identified since the whole people in a particular country will just form an association then decide this is the time to sell and move on to another project its on the basis of individuals and what the interpretation of long term and short term constitutes and then decides based on that.
I personally is an advocate of letting the project mature and kick start but the way its being practiced, even during the ICO, people would have started asking when is it going to be listed on an exchange site, when one is listed, they have for bigger platform and the moment the developers are not giving favorable responses to that, the next is to start speculating some form of scamming activities going on with the project. The best is for people to be genuinely interested in the project they are putting their money in while the developers should plan for long term development and not rush into giving in to request of either short term investors and bounty hunters looking for the next available opportunity to cash out.