RE: Stay positive! Your most beautiful asset... A SMILE!

You are viewing a single comment's thread from:

Stay positive! Your most beautiful asset... A SMILE!

in steemit •  7 years ago 

Aren't the ICO's destroying Ethereum price at the moment?
People are usually paying ICO's with Ethereum and the ICO's do payout the received ETH into fiat and then use it to invest.

steemit
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    Yes, you are right, but before the ICO there is an increase in demand for Ethereum so the price goes up. For example I bought Ethereum when it was at around 0.09 BTC and then it went up about 50% to 1.14 levels in a few days. I think it was mainley because of the Bancor ICO that happened at that time which raised $150M in an hour in Ether.. then I sold it and it started going down for thw reasons you gave.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00