Post
Topic
Board Announcements (Altcoins)
Re: ANN: [OPAL] | POS | FILE SHARING IN BETA | HTML5 WALLET + STORE IN DEVELOPMENT
by
Truther
on 31/10/2014, 15:13:52 UTC
Its calm these day.


Did you have an estimation when the market will be ready ?

thanks Smiley
I think the main reason things have gotten so "calm" ,as you say, is that everyone is on the edge of their seats watching Bitcoins price and bigger traders are too busy getting raped by the 3-4 ico's popping up each week. I never understood why cryptotraders and exchanges support ico's, my reasoning is this: An ICO gets funded, then they do what, they SELL the BTC they raised for fiat and push the price dive on BTC, thus taking all those BTC out of the trade environment, anyone thinking that an ICO would reinvest into the exchange is naive. This hurts everyone, even the exchanges. You might say "Well the exchanges get fee's on ico" well that is true, but they are losing all future potential fee's on those coins, if they had continued trade on the market.

So in Short - ICO's are killing Crypto.

sorry for the rant, I think I might start a thread on this topic.