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I think there might be some deals in the ICO market when this bottoms out, at least the ones that had some sort of legitimacy. I went and read some whitepapers
by narrator 9y ago
I think there might be some deals in the ICO market when this bottoms out, at least the ones that had some sort of legitimacy. I went and read some whitepapers for a few of the more legit ones and it seemed like they might support a profitable niche business, but they were astronomically absurdly overvalued for what you might get buying their ICO tokens. It's a bit like the dot.com bubble. A good analogy would be waiting until 2002 before buying PCLN.
- narrator 9y agoJust a little edit here that didn't come in under the wire... I don't think this is going to bottom out for a year or two and ETH will probably be under $100 when it does. Thus these ICOs that are now trading for 20 cents a token will be trading for 2 cents a token or less. Now, assuming they actually developed a product and are operating and ICO investors are getting some sort of profitable use out of those tokens... I might consider buying a few.