Outsiders may think people made a lot of money in the ICOs. I wanted to answer that question so I dug a bit and found out what really happened: a lot of the dev

Outsiders may think people made a lot of money in the ICOs. I wanted to answer that question so I dug a bit and found out what really happened: a lot of the developers didn’t make much money because they are just like any average people — when prices go up, they don’t sell and when prices come down, they hold. Some of them even “diversified” their gains into many other projects in the same space, so even it may look great on paper that someone who has invested in many crypto projects must be insanely rich. The truth is many of the had a spectacular run directly into the ground. The big money is not made in speculation as always. It is made when we build something which will last for a long time and we capture the value in the future (in the next decades).