RE: Why Raiblocks Will End as a Pump & Dump

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Why Raiblocks Will End as a Pump & Dump

in raiblocks •  7 years ago  (edited)

I have a feeling you might have caused this:

This epitomizes the market generally. The entire market is a pump and dump. If people really believed in what they invested in, why would they dump it at first sign of negativity towards it.

A very limited subset of cryptocurrency products will have a future because for most cases it doesn't solve a problem. Crappy ideas are being wildly overfunded based on investors believing this is the next coin that will reach the moon and make them rich. The market is not at all healthy, the industry is shifting in a different direction to grab attention and sell a tonne of coins - rather than actually improving the technology space.

People have to take a step back and think from a real world perspective, what problem does the product actually solve and how will it benefit someone in order to gain adoption.

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