One of the causes of ETH losing so much value to be accounted to the 2017 ICOs, over 170k ETH were dumped by ICO anchors on ETH market because most of the project that conducts ICO uses ETH platform. The cancer of digital currency is however not only ICOs but also the governments trying hard to FUD the whole system.
I agree with your points about ETH. But what needs to be reported on far more is how the venture capital firms backed the ICOs and ultimately the prices crashing is their fault.
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BoardSpeculation (Altcoins)
Re: ICOs: The Cancer of the Digital Currency Industry
not all. there are some good ICOs too. but i think all the ICOs must be regulated. then its healthy thing for crypto community and blockchain technology. hope that will happen in 2019
I'd like to see the venture capitalists give all their ICO gains to homeless charities and food banks around the US.
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BoardSpeculation (Altcoins)
Re: ICOs: The Cancer of the Digital Currency Industry
Well if an ICO was a scam I'm sure they'd probably cash out. So it's like investors who like crypto give to people who don't care about crypto so it drains the market.
I think they've been cashing out all along.
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BoardSpeculation (Altcoins)
Re: ICOs: The Cancer of the Digital Currency Industry
by
Homeless_Victim
on 05/12/2018, 15:07:08 UTC
"...ICOs had their beginnings back in 2013, but their popularity as a new crowdfunding type scheme to raise capital did not take off until 2017, when over $7 billion was raised. Venture capital firms were wondering what had hit them.
The primary issue with these fundraisings is that they are unregulated, and their tokens have been likened to securities by the regulatory establishment, their way of combating the rampant fraud within this space. The SEC and others have come down hard with hefty fines, court filings, and incarcerations. The uncertainty of the situation has slowed momentum, too..."
Yes, this is the root cause of the current market decline. The market has recovered its ideal and people no longer blindly buy shit coin. They are beginning to understand whether this project is a good project.
The ICOs and their venture capitalist backers are the biggest source of the problem.
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BoardSpeculation (Altcoins)
Re: ICOs: The Cancer of the Digital Currency Industry
ICOs are offering an amazing opportunity to get access to very perspective tokens even before they will be live on exchanges. But unfortunately the market is overwhelmed with fraud projects that are trying to scam investors.
I blame the venture capital firms for all the fraud. They don't care about the individual investors, they just want to steal as much money as they can. Tim Draper and people like him are parasites who should be imprisoned.
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BoardSpeculation (Altcoins)
Re: ICOs: The Cancer of the Digital Currency Industry
Eos has great potential for the future. Eos prices will increase as fast as lightning. Currently there are many coins that work with the Eos platform. This is a sign that Eos will rise. If you ask how many hold Eos, this is private.
EOS is almost as big a scamcoin as Ripple is.
Ripple (XRP) is at the peak of its volume, even though they have been accepted by many countries in the world as a financial transaction tool, as with EOS, now the platform continues to grow. can you mention this a big scamcoin?
Have you looked into how Ripple is pre-mined?
What exactly has EOS done? How exactly have they benefited the digital currency ecosystem?
yesterday I just bought 300 eos and maybe by the end of the year I will buy it again. I see EOS has good potential. so now is a good start to invest in this altcoin because the price is still cheap
Dump them and then get yourself some LTC. You'll thank me for it later.
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BoardEconomics
US Government Working To Target More Iranian Bitcoin Users
by
Homeless_Victim
on 30/11/2018, 16:29:21 UTC
A few days ago the US department of treasury came out with new sanctions against two Iranians who allegedly were involved in hacking of websites...
Eos has great potential for the future. Eos prices will increase as fast as lightning. Currently there are many coins that work with the Eos platform. This is a sign that Eos will rise. If you ask how many hold Eos, this is private.
EOS is almost as big a scamcoin as Ripple is.
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BoardSpeculation (Altcoins)
Re: ICOs: The Cancer of the Digital Currency Industry
ICOs are a good way to raise funds for the project. they run ICOs because they need money. and now scammers exploit it as a result the ICOs are becoming bad in the minds of people.
People already hate venture capitalists, now they will hate them even more because of their support for the ICOs.
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BoardEconomics
Re: US Threatens SWIFT With Sanctions If Iran Isn't Cut Off
by
Homeless_Victim
on 30/11/2018, 14:12:31 UTC
It looks like some people there found a work around...
It is actually a good time to buy EOS as the price still remain at low cost. I actually will have to buy some into my portfolio and wait for the great growth in time to come.
Buy some Litecoin. Litecoin has much better fundamentals than EOS will ever have.
I'm surprised that many people voted no when in my opinion the ICO contributed to the bad reputation of Cryptocurrency, still many believe that ICO are ok and there is still a lot of good ICO but it's so hard to find them now, with so many fraud ICO looking around.
I agree with you.
There's been so much information which has come out about ICOs and the damage they've done to the industry. I would think that more than half of the voters would have voted for the 1st or 4th option in the poll on this thread.
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BoardSpeculation (Altcoins)
Re: ICOs: The Cancer of the Digital Currency Industry
Because there are no rules about ICO, everyone is free to make coins or tokens and then sell with ICO, unfortunately many scam projects make investors afraid of crypto, they think that crypto is a place of scam.
Thank you for that comment.
So could you say that the ICOs have damaged the image of Bitcoin and the altcoins?