Valid point, thing is, it did pretty much devastate confidence, that last sell off was pretty nasty even for Crypto. If this was a traditional market, I'd say ICO supply coming online is 'priced in', but not sure if these markets are actually that mature.
At end of day, these ICO guys have to choose between dumping it all or trickling it out in small, regular leakages. The latter is definitely the smarter and more sustainable option, but it is plausible that a direct competitor to Ether like EOS might maliciously dump ... let's hope not
Sorry to repeat myself, but I think the Mastercard news is HUGE lol not just great ... Visa will come on board very shortly IMO and we'll see another wicked surge.
There's also the theory that constant stream of new money continues to offset leakage. When you consider global capital markets total >$65 Trillion, still an awful lot of money that can flow in. Steemit new user figs are an imdocator. Would love to see an aggregate of crypto exchange new users.
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