It has to end in tears
These guys here don't grasp basic common sense.
Break it down ..where does profit come from ?
Someone else's empty pocket !
So it's a cycle in play and unless there is a large amount of new users with fresh money
being injected into the Altcoin scene then this crap has no where to go but down.
I seen it clearly in late 2013 / early 2014
when i watched guys fumble over each other to list all their GPU's on eBay.. that was a big warning sign !
So the odds will get worse & worse and the desperation off the greedy will roll on..
You reap what you sow guys.. you made your beds.
You fucked the scene up and ruined it and it's doomed & simply playing out as expected.
The only savior to all of this would be to attract a lot of fresh new users from the general public
but the more you all pull this stupid ICO scam bullshit the less likely they are to come.
If you gamble and you never pull your money off the table your going to walk away broke.
The vultures play by their own rules and they win eventually..
Because they have the buy power and cash to control the markets.
..as well as make the coins and run the exchanges.. it's a playing field that can be tilted in their favor anytime.
Put a dollar in your hand and then reel in the gullible *cocky* Investards.
The horse leads you around LETTING you think your in charge.
But it knows who the boss is..
If some group of shady greedy idiot ICO profiteers decides to go legit and be positive / constructive
they will simply be replaced swiftly by other morally bankrupt greedy self destructive weazles.
So the situation stays the same.. FOREVER.
The only way to break this cycle of the snake eating it's tail i think is with regulations.
And i doubt much is going to get implemented.
If we're lucky we will we see some arrests but i don't expect much.
So aside from that i think we have a "Free Market"
Which means we have the ability to ruin things and if we can ? ..we will.
It's the way of life in all aspects in all of human history.
Like ruining the environment for example..
If shoving babies in blender spits out $100 dollar bills there will be lots of people doing it.
The sacrifice is not a problem.. hell people are more than happy to destroy the entire Earth.
..all for a buck $
So why would Altcoins be any different ?
This is all designed to fail.
And by fail i mean wither away into obscurity with massive amounts of bag holders with worthless *tokens*
I'd say smarten up but it's way beyond that point guys.. the damage is done and the wheels are in motion.
I slow clap for you Investards.. congrats & good job guys ..you are all utterly fucking brilliant.