Post
Topic
Board Speculation (Altcoins)
Re: Is cryptocurrency a ponzi?
by
manwithsuit909
on 14/09/2018, 11:47:56 UTC
Still, what I don't get is why we have too many digital assets trying to solve the same problems. Yeah, I get it blockchain is immutable, but most of these projects make crypto look bad.

IMO, it simply looks like the attempt of some whales to scale up their portfolio in BTC and possibly ETH or other more credible platforms.

We see new projects almost every day; and across their community groups (especially telegram) the most audible comments are 'when exchange...', 'when Binance...' As if that's all that really matters.

I may not have the facts, but my gut says well over 50% of these assets aren't faring well. And these are people's investments.

Is there something that could be done about upcoming ICOs with nothing to show (no MVP), to reduce the risks of investing in projects that will just flop?



50/50
some are some are not
same thing happen when stock first comes out
there are ppl that will take this advantage to make it a ponzi