> Whether you buy Google shares or Telegram tokens, the only reason you're buying is because you expect the price to go up in the future. I am not arguing the

> Whether you buy Google shares or Telegram tokens, the only reason you're buying is because you expect the price to go up in the future. I am not arguing the equity angle. I kind of agree with you on that, especially because you used Google as an example. But, I am getting a bit tired of people making it sound like IPO and ICOs are the same. They are not. Google or any other company have to be in operation for year(s) and show consistent revenue, if not profits and even talk about their future plans on how they will use the money before people "expect their prices to go up. ICOs on the other hand rely simply on paper. No one knows whether they will deliver on their promises and expect price to go up. It is like VC investing for sure. But, without the expertise required to vet ICOs the whole "expectation of price going up" can be described as FOMO.