I'll get to the point...
We all know that people have invested heavily in all the promising ICOs out there.
And it's clear that people invested money for few reasons.
- To make profit.
- For their interest and support for a certain project.
- To support the Cryptocurrencie market in general.
1. To make profit.
Everyone deserves to make some extra money on the side for short term or long term plans. And with the Cryptos market being a decentralized financial system. That's makes it a trust worthy market.As it's very logical that when there's no middle man then there's less fees to be paid for transactions.. And no Central = No Power over our financial future in general.
Which pushed a lot of banks/bankers to flood cash into the Crypto market to own/manipulate the market.
2. For their interest and support for a certain project.
A lot of promising projects out there a new era of the future of technology all over the globe.
Without getting into details at least the top 10 coins has a good future.
3. To support the Cryptocurrencie market in general.
More people are waking up to the fact that Cryptos will free them from all the financials control by the Elites.The alternative to the current super corrupted financial system.
And most likely to secure a great retirement plan on the long run.
ICOs were used to bypass all the capital raising process.
So you get a over valued fund to support your Start-up project.
And most likely they won't need to spend even 20% of what they funded by all of us invested in them.
ICOs spiked/dropped the ETH price so much.
ETH price spiked when they entered the ICO and dipped when they sold the tokens into fiat to pay for the resources they needed.
And sad fact A LOT of ICO prices dropped crazily as they were over bought/priced.
So i believe ICOs should step in at this big dip and buy more ETH with the extra cash they funded to pay the community back for believing in them!!
Yes step in SOON don't wait for a bigger dip so you can make more money! The fear in the market now is really big and if you let ETH dip more then more people panic sell and then whales and bankers to own more of the network.
Which would slow the progress of the Eth network. which slows your projects built on it as well.
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STOPETH into ICO, then ICO into BTC, then BTC out for cash.
I agree with you, they need to help support ETH if they're running on it.
Yes i have been watching the BTC markets and lately i could see a lot of money going from ETH to BTC. so you are totally right!
The issue is that most investors are greedy and they just want to make more money. i think they should act FAST and not wait for a bigger dip to buy in..
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