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Re: Main reason behind crypto currencies red market in 2018
by
target
on 30/08/2018, 06:26:05 UTC
2018 has so far seen the highest funds jointly raised through ICOs.
This has a minimal effect on bitcoins value, a lot of other factors also have effects in the price.
There has been very little real possitive news for the most of 2018.

Is it? I thought 2017 was the highest amount of raised funds through ICOs that may never be repeated again because most ICO developers have already scammed millions of $ from the community. The community is wiser now but also out of BTC and $ to burn lol.

I wouldn't be surprised in 2018 is the year when ICO raised a lot of money. I think there's ICO born every minute so its possible that they attracted more investors. The problem is scammed ICO ares still present and I assume that its one reason why the market is also down, investors doesn't have the full confidence and they are getting intelligent and smarter today as compare to last year.

I would be surprised, if you ask me. Its now a bear market, everyone is dumping their tokens with losses and many people in the community who are left holding are already scammed. Theres no more money coming in anymore lol.

Not true. Those money that were poured in crypto last year will be poured again at the right time, it all just need a push are they are all going to come running after the price. A seasoned trader will even chase a trade knowing the price doesn't indicate overbought. Once a person realized how much he gained after dumping last year, he will soon be back wanting for more.