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I decided not to invest after reading this: https://medium.com/token-economy/the-analysis-filecoin-doesnt-want-you-to-read-e60d5243f17c https://medium.com/token
by wscott 9y ago
I decided not to invest after reading this:
https://medium.com/token-economy/the-analysis-filecoin-doesnt-want-you-to-read-e60d5243f17c https://medium.com/token-economy/the-analysis-filecoin-doesn...
- problems 9y agoIt still amazes me that people buy what everyone on Bitcoin Forums would have called a "premined shitcoin" just a few years ago...
- wmf 9y agoBitcoin maximalists may accidentally be right occasionally, but I wouldn't take advice from them.
- ve55 9y agoI wouldn't want to invest in it either, but the truth is is that these investors will likely all make a lot of money. Just because a project is terrible in various ways doesn't mean the investors in the ICO won't get rich, and the founders won't get rich. Especially the special ones that got in early at a fraction of the price.
- matthewbauer 9y agoYes some will. But you should look at it like gambling for those that do. They lucked in to FileCoin and will probably make money, but perhaps they've also lost money on other ICOs. If they get out now, they might end up ahead but for each one of them, there has to be someone that loses equal money (assuming it truly is a bubble).