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Our current financial framework is rotten and stinks imho.
States are already preparing to shift FIAT into crypto. Russia just announced the cryptoruble...
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Big player - gets all the bitches who want to create a token.
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Any results yet by following this strategy??
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In order to identify an ICO as a scam you need to have a broad understanding of the market and the blockchain technology. ICOs are not scam. They are unregulated and that's the reason why people can lose so much money and others can make so much. Here's a small article giving tips on how to analyse an ICO.Excerpt: That said if these 4 items are in place, it could be worth investing. - You have read the white paper in detail and it makes sense as a business
- There is a demonstrated demand for the product
- The business needs a cryptocurrency / token system to perform
- You can commit funds without any suffering in your life
The concept of an ICO itself is legit as fuck. Just imagine you want a wolf to lead your flock of sheep, but you're not putting a muzzle on him. He will of course kill your flock over and over again until you taught him how to do his job correctly and he understands it on his own... Or you put a muzzle on him. (Regulations)
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I like bubbles. This sweet noise when it pops No, of course people like to invest in ICOs because their investment can reach a total growth of a five digit number in percent. The problem is that people made big money on cryptos and throw it on ICOs like the salt bae. It creates an economic bubble, while it even attracts ordinary people to invest.
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Until the bubble pops and I lose everything, of course
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Word-of-mouth is also marketing... And not every coin is based on the marketing, but on the business idea or vision.
There are some new things, as you can see in the FinTech sector. Blockchain technology is changing the way how we pay and what we pay. It doesn't change the way a cow has to be milked.
So it's a bit demanding to expect a revolution in every other sector than the financial one. Next year will clear things up...
Marketing has become a basic imho.
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What people need to understand imo is that smart contract based tokens like on Ethereum are not going to increase in value if they are not used sensibly in an ecosystem. (Only according to demand/supply, what is almost dumb to apply for tokens)
To answer the question: Holding makes sense to a certain point. If now the majority of people is only holding. The market will crash when media publicises that fact. Consider investing in tokens you have influence on, i.e. generating your own within the eco system.
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Ethereum is the pioneer in providing smart contract technology. They already did a good job in the past few years and contrary to some media, I don't see a reason they could fail.
Ethereum in 5 years be BIG! It will be interesting to see if frameworks team up and fusion for example.
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God dammit...
ICOs are not scam per se. It's a fairly unregulated crowdfunding method which allows you to provide your tokens on a big scale. If people are investing in coins/tokens which they are actually not a bit associated with, they shouldn't cry when it's not growing in value.
You don't get rich over night because you were so genius recognising the great potential of a project.
A business model usually takes time to be profitable and holding only is the dead for value. If everyone sees the great potential and invests, but nobody actually facilitates token flow, the project is doomed to fail.
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I found this picture some time ago and it kinda opened my eyes.. We just don't have the facilities yet for a fully decentralised economy. However, we are potentially going into the right direction of facilitating all decentralised volume. The question is if we can break out the established ecosystem, or if they will be faster in regulating it by creating their own “corporation blockchain“.
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What could be the crypto-economic sense of a Whoppercoin? I mean what could be interesting about a Burger King coin is the mining...However it'd be done. Otherwise I have no idea yet if it's more than a marketing move.
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I believe yes. The question is how the bubble behaves this time...
I can imagine it to be very dynamic, which means blasting and growing at the same time continuously until the infrastructure is set and we have a fully split society of e-citizens and those who are left behind, not even knowing what a bitcoin and blockchain really is.
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I believe in Ethereum to be a good altcoin. It is steady growing and the hardfork end September will clear things more up. Don't forget how interesting and powerful the smart contract technology is.
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It's negative publicity for the genuine ones when ICOs are put on a wrong complexion in general. As I have read above, it's true that investors become more sophisticated in understanding what is a scam and what project just doesn't have a future after completing the ICO.
However, non-experts are being mislead 24/7 by pump&dumps, outrageous bonus structures and greatly advertised Offerings. The effect it has is that non-regular crypto investors lose trust after losing their money and only real experts are gaining the profits on that.
Actually nothing new...
People need to get their greed under control.
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I wouldn't say best.. It's the most promising way and therefore the riskiest, as well. Because it holds so much potential, people go crazy about it and also promote it like crazy, i.e. pump&dump.
Like for every investment you should know quite precisely what it's about and in the best case have some influence on how your investment performs. (and I don't mean to make marketing for the coins of your portfolio)
To answer the question: It depends... It depends on how much you understand what you are investing in.
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