Why do people invest in ICO if the majority of coins drop in price right after they start trading on exchange?
Related to the first question, why is there always a huge selloff right after they start trading on an exchange? What’s the point of buying early during the crowdfunding period and selling right when the coin gets listed on an exchange, with no profit?
Can you trade your coins that are not listed on an exchange with other people? What’s the difference of having a token in ICO and buying the coins on the market?
On coinmarketcap.com, on the graph for some coins (e.g.
https://coinmarketcap.com/assets/augur/), there is a price, but the market cap only appears midway, why? Does the coin appear on an exchange as soon as the ICO is closed?
Thank you!