Not much to say here. With the increased popularity/price of Bitcoin we got an influx of impatient and lazy people trying to get a quick buck while barely even understanding cryptos in general - nor do they care.
So they just throw money at ICOs like the rabid gamblers they are. ICOs are not about funding projects, they're just quick money grabs for the "devs" and a pull on a ponzi slot machine for the "investors".
That invites more and more people creating their own low effort scam ICOs.
WOW Bancor is obscene ! What a vulgar display of greed
Well said and summarized perfectly.
I think users are selling their support cheap.. it's valuable !
They are selling themselves short profit wise too.
A path with class, integrity & patience would deliver far higher profits.. vs chump change.
I seen the scales tip long ago..
Those type of users became the majority and then things went to shit in a hurry.The majority just says anything to keep sucking off the scammy pyramid/ponzi teet.
They are vultures and vampires and won't back down unless stopped by force.I decided to just quit trading vs mingle with trash.
And sadly it speaks volumes of the dev's.
The fact that they WANT these users buying their coin says it all.
You'd think a dev would be after supporters not profiteers hovering over the dump & run button.
The investards flocking here are not bringing much of use to the table.
I have also long been concerned it will simply bring on unwanted attention / regulations etc.
But they don't care.. they will dump and run leaving the rest of us to deal with the aftermath.
Just like what happened in 2013.
Back then we had MASS SCRYPT CLONING and people were buying GPU's like crazy.
Guys were buying them and turning a massive profit for them on eBay because of high demand.
Fast forward 6 months and they were all fumbling over each other to sell them.
Then we seen a quiet period were more & more users left.. and then prices slumped harder & harder.I see it happening all over again NOW !But since they can get a mittful of chump change RIGHT NOW they don't give a fuck.
The advent of crypto has been interesting.
It highlights what we pointed out.. the human factor.
If we can we will.. ruin things.. ALWAYS !
@bathrobehero
This is why we can't have nice things