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I think the thing to remember with ICOs and new altcoins is that HODL, block your ears and walk away does not apply. People are making a living simply by flipp
by cairo_x 9y ago
I think the thing to remember with ICOs and new altcoins is that HODL, block your ears and walk away does not apply.
People are making a living simply by flipping, insider trading, fake insider rumours, companies stringing out claims and updates, releasing of Alpha's that are paper models (not really even prototypes), teams with a lack of devs with relevant crypto background, ideas that have no use of a blockchain at all, tokens that offer no utility, or whose utility is yet to be determined, etc. Tokens that have utility, but whose utility is relatively small, yet whose investor base and node base is YUGE. It's turning into a bloodbath of fuckery.
- michaelchisari 9y agoThis is what an unregulated market looks like, and the more chaotic it gets, the more I think people should understand why we regulate markets.