Discussion: Except for cash grabs, are ICOs not a way to gain crypto by those who missed early investment?

crypticg00se (20)in #cryptocurrency • 7 years ago

Hi Everyone.

Ive read about this idea before and wondered if others had some thoughts on it:

ICOs and crypto currencies like XRP exist for banks and other large institutions to grab large amounts of established crypto currencies like BTC. So doing risk-averse investors and naysayers of BTC and ETH are able to cash in after the initial rush they missed. Thus they accumulate a large amount of ETH,BTC or any other coin and offload something of low to near worthless worth on greedy investors.

Any thoughts and contributions to this?

Thanks

g00se

#crypto #blockchain #ripple #xrp

7 years ago in #cryptocurrency by crypticg00se (20)

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netscape101 (39) 7 years ago

This is quite a bald claim to make. Although I probably agree with this. It is either banks or governments that are involved in doing this. I think this would be a good on the side illegal income for intelligence agencies to fund their covert operations.

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crypticg00se (20) 7 years ago

*Bold claim. Well thats why I want to discuss it. Its a good question to pose. Obviously large institutions and governments wish to control the flow and supply of currency, so its a possible conspiracy.

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steemitboard (66) 6 years ago

Congratulations @crypticg00se! You received a personal award!