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Bancor plummeted right after the ICO. It's still above it's all time low, so it's not exactly a new thing. https://coinmarketcap.com/currencies/bancor/ https://
by dahdum 9y ago
Bancor plummeted right after the ICO. It's still above it's all time low, so it's not exactly a new thing.
https://coinmarketcap.com/currencies/bancor/ https://coinmarketcap.com/currencies/bancor/
There were plenty of warnings and research about how flawed their product is, including here. The lesson, as always, is caveat emptor.
- chroem- 9y agoMost alts are traded in terms of BTC. Bancor's dollar value has only ever gone up because increases in the price of bitcoin have occasionally offset Bancor's losses relative to BTC. Bancor's value relative to BTC has been monotonically decreasing since its ICO, which is a feat unto itself.
- dmix 9y agoThis sounds like the market correcting itself. It sounds like a good thing to me. No one is pretending ICO's are a mature market.