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Replying to myself; the last line of the article explains why celebrity ICOs are flopping now: > “What’s important is Centra is being endorsed and they have a
by maehwasu 9y ago
Replying to myself; the last line of the article explains why celebrity ICOs are flopping now:
> “What’s important is Centra is being endorsed and they have a product,” a Reddit user named islandsurf wrote back to the critics, explaining his own investment. “That’s what matters to investors!”
Investors thought other people would care about endorsements. Once they see others not caring, the cycle stops almost overnight.