Probably a bait to get more viewers and free press from everybody talking about this now.

Feb 6th 2018 is set for US turn on how they feel about crypto currency investments, ICO, ETF investing in cryptos...

If they go route of South Korea and India going anti cryptos route then bitcoin price could easily break $5,000.

I was surprised CME and CBOE both getting approval for launching bitcoin futures trading in Dec 2017.

But then again if this was approved in order to paper shorting to bring bitcoin price down, then this makes sense and this hearing could be used as another method of bringing cryptos even lower.

What are your opinions how this hearing will go and effect crypto prices?

For me this does look as another bearish event.

I personally will wait on sidelines until this hearing is over before deciding to invest into new crypto purchases.

Yes NEO founder works with Chinese government which is positive for growth of Neo in the future.

But cause ICO are not allowed for Chinese to participate this still makes Etherium more attractive coin to invest into.

This can be clearly seen today with Etherium having last 24h change of -3% while Neo -8%.

Looks like those being heavily short bitcoin futures wanted to turn his words from not being legal tender into spreading FUD that bitcoin is illegal in India.

Fast easy money shorting bitcoin through trading paper short contracts.

They are doing same stuff - naked shorting with gold and silver futures contracts for decades.

Well my concern is mainly if some ICO are scam then giving them your personal docs is even more worrisome cause they can also use your docs to sell them as identity theft.

Imagine they get whitelist of 100,000 investors doing KYC and if they can sell your docs for $20 that's fast $2 mil from selling your docs.

Plus another $20-$50mil with pre sale and ICO and this is crazy money for ICO that goes bad or gets hacked.


Who regulates ICO companies and how they manage to store our docs?


I mean if they can get token address hacked and newsletter mailing list hacked then what stopping hackers to also hack and get all our docs too?

This actually calls for company to create a product where you'd do KYC at one site and use this one to link for any other online website that requires you to do KYC.

Same as ewallets like Paypal do - only give Paypal your credit card info then pay on every online merchant by connecting to your Paypal account to pay.

We need Paypal like KYC company to link when applying for ICO and they want us to do KYC.

So from 1 billion tokens if we say average price of token is $0.05 this would make token cap of $50 mil.

You sold $12mil in pre sale at 40% bonus so left only $8mil worth of token at ICO price around $0.07.

This would represent ICO token sale to represent around 12-15% of entire token cap.

Even entire pre sale and ICO sale would represent max 40% of all token.

This has potential for pump and dump as soon as token hits any exchange if 60% or more tokens in hands of owners and pre sale investors that had to invest min $200k.

From small investors point of view this doesn't look as a favourable ICO to invest into.

Also roadmap not have any plans for 2019 like everything is just focused on token finishing ICO, getting on some exchange, 4 months passing from pre sale for investors to unlock 40% bonus they got.

Then high risk every $200k+ private investor starts dumping and ICO investors that represent around 15% of all token holders getting burned.

I'm open for good extra info to make me change this mind.

With so many hacked tokens by ICO projects not caring enough for security, I'd be looking into some security providing/data protecting ICO.

Same in real life world security companies are big business - securing buildings, people, cargo...similar should be good business in crypto industry.

Anybody looking into such security niche ICO?

Looks like most investors are thinking similar now - invest in crypto currency that has long term usage and grow of it's user base.

With most ICO that most new investors want to invest into - run on ethereum this currently does sound as best pick to have most money invested in crypto markets.

Founder Buterkin also works with Russian government and their plan to implement crypto ruble this does sound as good 1st coin pick.

Bitcoin on the other hand has way to many forks - another Bitcoin Privacy fork to happen on Mar 2nd 2018 just makes it a mess.

Well there were info last year that Facebook is actually considering adding Litecoin as their payment method but this year fb went 360 to become anti cryptos.

But then again we know fb is more than happy to provide any of their user info and private pics, messages to CIA so in other words - fb sleeps with US government that is anti cryptos and anti ICOs.

I think India government now trying to FUD market then maybe say same as South Korean government that they not ban just prefer to regulate and price jumps up again.