The domestic virtual currency sector in the fourth week of August
Introduction
With issues in the ICO market imminent, we must let it play out. ICO’s are an innovative way of financing startups but there have been some issues domestically. The raises of ICO’s rival traditional VC funding and that brings regulation. A healthy ICO, the distribution ratio should be a very small portion of the start up capital, usually within their own team to raise funds, add a small amount of start up capital, add some private/ VC funds, the early bird prices for early investors and the eventual price to ordinary investors. Each round should accompany actual development and progress by the team. But with ICO’s, the early birds dump their coins on the ordinary investors in the later rounds. A large number of tokens but no cash is not helpful. It also doesn’t help when the dev team hold large amounts of tokens. There is an issue when the presales are private and cutting out ordinary people. This should not be a formal, private round. This is part of the reason for the regulations. Even in these difficult times, there a few good projects noticeable to the discerning eye.
With the temporary closure of ico.info, the winter has come, the same as the GOT plot development. GOT picture here
Global Blockchain Index In the past one month
The trends are still in the rising channel, which shows additional adoption and continued investment from outside of crypto’s small circle. Over the past week, BTC and ETH prices are in a stable uptrend. When involved in an ICO, you want to ask yourself if the token can rise faster than ETH and BTC.
Before the price breaks through the support/resistance, there is a wave of rapid rise, then there will be signs of decline. If the decline continues, it will plunge but not further than the support over the past two weeks. BTC and ETH are the mainstream Blockchain products recognized by the crypto community. The current risk is due to the ICO’s not the blockchain or mainstream coins.
I do know we will see more than 5800 per BTC (footnote from translator 1). With everything going on, I am reminded of the recession in 2008 with what is going on, hoping that this is just a coincidence.
Coin Circle Observation Observation
Ico.info shut down, there are a lot of rumors that is an active shutdown, being reviewed. It’s very strange. There are a lot of questions being asked, lots of fear and opinions. There were issues before (profanity). There may be more to this than meets the eye, a review may be a casual excuse.
Coin Circle is a likeminded voice that has intense commentary on ICO.info. I couldn’t agree more. First, you banked your reputation on the ICO’s. It was the time to engage in a good project. Do not worry about traditional VC’s that have a small portfolio, people, or institutional investors with specific responsibilities. You have scammed tens of thousands individuals, you will be attacked publicly, maybe even have bricks thrown at you. Second since you’re so positive about Blockchain, about crypto, then you can determine if an investment will gain better than BTC or ETH. If you can’t decide, it is better to hold BTC or ETH.
Bitshares, the community finally developed the ability to boom. BTS ecology has been widely recognized. Web wallet and exchange all btsabc, hellobts, 1001ico several, mobile wallet with icowallet, one +, onechain, blockpay and a few immature design, there are WeChat small program wallet, btsbots and so on. With the recent disk-intensive ICO release, such as ATmatrix, HPB, VEN, IPFS, six-zone chain, BCDN, and the upcoming Powerfans, Qlink, Topstar and so on the project in the disk, BTS ecology can be said to be second only to BTC and ETH's third largest virtual currency ecosystem.
September is a big month for Blockchain - Guangdong, Hong Kong and Macao Conferences, Beijing “shape the future of Blockchain summit” and the following days of universal blockchain meetings. Cointelegraph being held in Shanghai blockshow conference, and because these meetings are international, so you can see EOS, STEEMIT, ETH, BTC Foundation and OPENLEDGER, Poloniex and so on famous projects or corporate figures. With the recent policy of instability, whether these projects will be covered with some shadow, let us wait and see.
ICO regulation is being asked for, General Assembly news is three or four months away was said a month ago and since then there have been several rumors. Take profits and write off losses. Some projects are slow moving because they’re being done right. Such as “small V” (translator note 2)- the consultant's last project, called Kyber, ICOAGE which limited everyone to 1 ETH. Another example is OpenLedger and some of the ICO projects, OCASH, GETGAME and edev, a year behind on the plan, but never ahead of time, and even pushed a month later. These projects are long term projects, at least not short term speculative items.
Translator Footnotes:
1 Bitcoin is trading much higher in Asia than in the western markets. This is USD.
2 I don’t know what project is being referred to by small V. Will look into it more. Any mistakes are my own, my Mandarin is rusty and I never learned Cantonese. - @ashr
I pm'd it to you on Facebook
The domestic virtual currency sector in the fourth week of August
Introduction
With issues in the ICO market imminent, we must let it play out. ICO’s are an innovative way of financing startups but there have been some issues domestically. The raises of ICO’s rival traditional VC funding and that brings regulation. A healthy ICO, the distribution ratio should be a very small portion of the start up capital, usually within their own team to raise funds, add a small amount of start up capital, add some private/ VC funds, the early bird prices for early investors and the eventual price to ordinary investors. Each round should accompany actual development and progress by the team. But with ICO’s, the early birds dump their coins on the ordinary investors in the later rounds. A large number of tokens but no cash is not helpful. It also doesn’t help when the dev team hold large amounts of tokens. There is an issue when the presales are private and cutting out ordinary people. This should not be a formal, private round. This is part of the reason for the regulations. Even in these difficult times, there a few good projects noticeable to the discerning eye.
With the temporary closure of ico.info, the winter has come, the same as the GOT plot development.
GOT picture here
Global Blockchain Index In the past one month
The trends are still in the rising channel, which shows additional adoption and continued investment from outside of crypto’s small circle. Over the past week, BTC and ETH prices are in a stable uptrend. When involved in an ICO, you want to ask yourself if the token can rise faster than ETH and BTC.
Before the price breaks through the support/resistance, there is a wave of rapid rise, then there will be signs of decline. If the decline continues, it will plunge but not further than the support over the past two weeks. BTC and ETH are the mainstream Blockchain products recognized by the crypto community. The current risk is due to the ICO’s not the blockchain or mainstream coins.
I do know we will see more than 5800 per BTC (footnote from translator 1). With everything going on, I am reminded of the recession in 2008 with what is going on, hoping that this is just a coincidence.
Coin Circle Observation Observation
Translator Footnotes:
1 Bitcoin is trading much higher in Asia than in the western markets. This is USD.
2 I don’t know what project is being referred to by small V. Will look into it more.
Any mistakes are my own, my Mandarin is rusty and I never learned Cantonese. - @ashr