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     8 years ago  

    I hadn't seen this angle! Damn you're so on point! They are known to dump when things are high to make quick profit and this behavior leads to some sort of bubble and discourages others to invest there. The problem here is they have lots of fiat making it pretty hard to lock them out

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     8 years ago  

    ICOs are creating artificial demand for ETH; when artificial demand < aggregate overhead for all these companies that have funded themselves via ETH there is going to be a race to the bottom. Unlike speculators these companies are now growing and scaling - hiring, leasing office space, buying equipment etc. and they have bills to pay. They are going to pay them by selling ETH for fiat. When ETH starts to slide there will be a panic to secure their revenue stream, everyone will sell gobs of ETH to get their hands on cash. Imagine what would happen if Bancor decided they needed to secure $50M in fiat in order to deliver to their shareholders? It comes out of ETH. And that is just one company.

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     8 years ago (edited) 

    Yea but this assumes the ICO train is going to stop too. ICO's are creating demand for ETH at the same time these startups are selling ETH. Right now though I'd say the demand to buy ETH is higher, and will be for the foreseeable future with the amount of money Status just raised.

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     8 years ago  

    ICO's are going to move to EOS.

    :)

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     8 years ago  

    Imma have to checkout EOS then. Thanks for the tip! :)

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     8 years ago  

    It will be very much worth you time. Welcome!

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     8 years ago  

    Hopefully it'll be able to handle the load better. I can't even send ether at the moment due to the congestion this Status ICO is causing. :-/

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     8 years ago  

    Check Out My video of Why Ethereum is the future of the internet

    Follow Me and I will follow you https://steemit.com/ethereum/@newmarket65/why-i-believe-ethereum-is-the-future-of-the-internet

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