Discussion: Except for cash grabs, are ICOs not a way to gain crypto by those who missed early investment?

in cryptocurrency •  7 years ago 

Hi Everyone.

Ive read about this idea before and wondered if others had some thoughts on it:

ICOs and crypto currencies like XRP exist for banks and other large institutions to grab large amounts of established crypto currencies like BTC. So doing risk-averse investors and naysayers of BTC and ETH are able to cash in after the initial rush they missed. Thus they accumulate a large amount of ETH,BTC or any other coin and offload something of low to near worthless worth on greedy investors.

Any thoughts and contributions to this?

Thanks

g00se

cryptocurrency crypto blockchain ripple xrp
7 years ago by

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      ·  7 years ago 

    This is quite a bald claim to make. Although I probably agree with this. It is either banks or governments that are involved in doing this. I think this would be a good on the side illegal income for intelligence agencies to fund their covert operations.

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        ·  7 years ago 

      *Bold claim. Well thats why I want to discuss it. Its a good question to pose. Obviously large institutions and governments wish to control the flow and supply of currency, so its a possible conspiracy.

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          ·  6 years ago 

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            ·  5 years ago 

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