If you had invested within the first few days into IOTA's ICO you would have less than half your money right now. What was once trading at 63 cents each is now at just 28 cents. EOS at about the 3rd day after the ICO was released was at $5.00. You would have lost half your value as it is now trading at $2.38. If you bought LISK the first day you would have spent $6.91. now its trading at $2.13. Cryptocurrency is a scary place, especially for ICOS. Are ICOs being overpriced due to excitement and optimism, ABSOLUTELY. In recent ICOs almost all of them start at a higher price than they end up being just a few days later, this shows me that greed and hype are operating this market, not reason. I bought into cryptocurrency as an investment, I feel it offers real value in a lot of ways such as smart contracts, faster money transfer and a less manipulable market, but now I'm starting to wonder just how far it's going to go. What were the reasons that you got into crypto? What did you buy? How do you feel about the volatility?
We need need to put an end to them as most of them are just scam coins no matter who picture they put up on their website no different then when all the altcoins came on line in 2013-2014 it seems that they're just a more sophisticated version of before.
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Definitely Agree, but there are so many people investing outlandishly on hype that it is pushing prices to absurd levels. Something that was released a few hours ago shouldn't have a market capitalization of 300 million dollars.
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Hmmm ICO's are a problem...
https://steemit.com/meme/@valderrama/these-ico-s-are-a-problem
🤓
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