Holy crap - everywhere ICOs... with investment rounds in a concept like no other company in whole industry has. Thats got so weired that I need to write a post :-)
$12m invested, $6,7mio invested.... you read it everwhere. ICOs are the new thing - you can not earn as human what it seems you can scam people when use words like "blockchain" or "Z-***XYZ". I am sure next year we have then DARK again.
Why ranting? All is super!
... no it is definately not when people (mostly starters) got ripped off their bitcoins in exchange for some crap.
Why all invest - must be good the valuation too!
$12 million USD - You know what bullshit that all is when it comes to reality and market? Such market caps in altcoins or even worse ICO valuations have absolute no relationship to reality. When think I am wrong, thats all joke & crazy.... then look on professional VC market in industry:
Shapeshift Series A
Series A valuation from Shapeshift was $22m pre-money / $10.2m invested / $32.4m post money. Earlybird, LakeStar, and Access Venture Partners invested there next to existing investors.
BitPesa Series A
Next Series A - Bitpesa... was valuation (when remind right now) around $11m too with $2m invested from Tim Draper & Greycroft Partners plus various others :-)
Conclusion
When see that are the top companies in whole industry - brands what have turnover and are in business for years. You are all burning your hands here on that ICO crap all - even when some will success.
Take care of your Bitcoins and dont "support" that bullshit with no value all or he will be happy :-)
Last recommendation: Vote, Follow & Resteem the Panda (me)!
hmmm...note to self. Open corporation, create cyber 'coin' have ICO make millions of dollars.....vanish into the night.
exactely - but please dont forget to send me 30% stake for the idea!!!! I will only dump it first day when hit on exchange :-)
meep
Lol I wrote yesterday that ICO is a good thing:
https://steemit.com/cryptocurrency/@dawidrams/why-i-believe-that-investing-in-ico-crowdfunds-is-a-no-brainer-hot-ico-s-right-now
ICO are not good or bad in themselves. Investors are though...
LOL - we could resteem each other and confuse all :-)
I'm in :), done.
I shared your article :-)
Awesome thanks a lot!
The massive altcoin and ICO bubble!
I think vast majority of ICO are just worthless because they will never reach goals to end their proposals, but some of them are really an opportunity...
Agree - but then I can also live with it when have not invested :-)
cool