I have been looking at the crypto market in awe. This year started great for everyone, since everyone became an "expert" in cryptocurrencies apparently, and now the same people that yelled "lambo" and "to the moon" are taking the bus tomorrow morning.
The reason is that they can't stomach this market. You can't go from being a forex or stock trader to a crypto trader in a day. The market, politics, and assets are all new. Plus, the technical and fundamental analysis are not always in your favor when China decides to twist your arm. It is the season for ICOs though!
ICOs are funny. Funny how? In a satirical way. The same "experts" of yesterday are giving out ICO advises. So, what happens when a poor Derp/Derpina that doesn't want to do his/her research end up putting all the cash they have into an ICO that they know nothing about? Beginners luck might strike, or they will most likely lose everything because the so called "expert" decided that an ICO token with a total market cap of 250 billion coins of XYZ are the next Bitcoin. To the "expert" I would say, "Watch out, there are bigger boys in town".
Disclaimer: These rants will likely occur when I'm pouring a drink, drinking, or drunk already. There are a lot more where this came from that's for sure.
The Space Man
ICO Specialist
Feel free to check out my blog @maxdigi, this way we can support each other.
Cheers
maxidigi
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Space Man
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