Quote from: Bowtiesarecool on December 26, 2018, 03:22:37 PM

Quote from: lagharto on December 26, 2018, 03:00:58 PM

Seele in Shenzhen and Beijing offices have been closed down, and the layoffs are over 80%

Is it the beginning of the end? What is happening? Seems like someone didn't sell ETH for a good price or just trying to scam people.

Nobody could have predicted this protracted crypto winter and we've all learnt now that those analysts predicting BTC at $15k EOY know just as much as we do about crypto market movement. It's sad to see the quest for decentralization and empowerment stumble in the face of these hurdles, but better days lie up ahead. Heart goes out to the laid-off staff

yes but usually ICO's selling their ETH right after the token sale and accumulate fiat on their bank accounts or at least stable coins like tether etc. and in case of Seele team they could make x2 only in ETH and only in one month, but they didn't do this, and it is their fuck-up which now have a really bad consequences like described above.
I'm wondering if they survive after this down-trend, especially if it will be delayed for another year. Something telling me that not.