PLEASE DON'T FEED THE ICO!!!

in cryptocurrency •  7 years ago  (edited)

It's ICO-Mania! .... Get Rich Quick! .... Hurry Limited Time Offer! ... Act Now! .... Supplies Won't Last!!!

Ico.png

For me personally the question is and always will be with cryptos; Are we trying to make money, or build an honest, transparent, COUNTERFEIT-PROOF monetary system of exchange, to replace the dying fiat, blood death war-monger central bank controlled cabal? Or do both? I think up until the big crypto run this year, the answer could equitably be both.

However IMHO, and I'm far from a crypto expert, the landscape has changed. The Bitcoin uncertainty has without doubt dragged down the market, but I see these ICO's as sucking the value out of the market, as people rush BTC and other coins into Ethereum to fund these ICO's. And yeah it's a free market. I get that.

But it begs two more questions; How many altcoins is enough? There's now approaching a thousand from my understanding. And how many of these new coins have will have use value in the future?

And we could probably afford to let the cryptos sphere sort all this stuff out, if there was not a dying fiat system controlled by the cabal who are not going to easily let go of their bloody dollar and will try every trick in the books to scare people away or take advantage.

So in summation, yes, we're all supposed to be free range, free will beings who can do with what we please with personal wealth, but please do consider the points I raise before you get involved with an ICO. I really do think they are sucking the wealth out of the established coins, and that many of these ICO's are just shooting stars, with the effect of compromising the palatability of Cryptocurrency as a viable replacement for fiat money, by making it appear much too unstable for public acceptance.

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I want to know more, do you know i am your follower @ronaldmcatee

Rightly said...

Thanks muda ... I think there will be some great buying ops, I believe Litecoin is going to keep steadily going up, as it has been the only real well established altcoin winner since the big peak late May early June, and this dip does offer a great buy opportunity. I just hope folks will consider this and avoid these get-rich ICO's in favor of the established coins.

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