Post
Topic
Board Altcoin Discussion
Re: Why do you participate in crowdfunding?
by
el kaka22
on 06/02/2019, 13:38:19 UTC
The main idea of crowdfunding is for investors to pull their monies together to support the launching of a project. Unfortunately people join ICOs as traders not investors so the moment the coin is being listed, they quickly dump them without even waiting for the project to launch any of their products, destroying the price of the coin. Now these same people will come and create a thread here that ICOs are dead. In fact crypto is not dead, we are actually killing it.

Is your main idea to support the project or just to make profit from the bonuses and go your way?
People think the next big technological breakthrough could happen with crypto currencies and blockchain. I mean who wouldn't wanna be a part of the "next apple" or "next windows". I know its highly unlikely that the next apple will be from crypto or blockchain based technology but it doesn't mean that a huge company can't come out from this space.

It may not be as big as the others but look at the startups all over palo alto, there are companies that worth billions of dollars that didn't made a single dollar of profit yet investors want to buy them out, that is why people invest into stuff like this early so they could get out at the max and hope that at least one of them could become billion dollar company and that would make them very rich. Just purely speculative but also kind of like lottery.