Re: Will ICO fundrising survive at 2018+?
There are so many fears and rumors around ICO. I think that ICO format is very convenient for projects as well as for investors. There are too many scam ICOs and I understand what is the point of the governments fear. But I wonder what do you think about ICO in 2018+. Will it survive?
Probably not for those which are not issued in a more compliant way.
Study
the facts.
Investors are risking legal and criminal culpability for illegal selling on unregistered exchanges.
Crackdowns are coming eventually. China just the first salvo of what is coming from regulators in major nations.
Steem started dropping when the Poloniex wallet got disabled for "maintenance". That was 2 months ago, and I think when a lot of people realised they couldn't withdraw their Steem from Poloniex, they sold it for bitcoin, which they could withdraw. And the Steem price hasn't really recovered, because the wallet on Poloniex hasn't been re-opened.
It's a shame when exchanges mess with coins like that.
That’s an example of what is going to happen to all ICO issued tokens when the delistings come forth.
And STEEM is still trading on Blocktrades and Bittrex, so imagine the utter collapse towards 0 of the STEEM price if it had been delisted from every significant exchange.
Everybody going to get plenty of warnings but they will ignore the warnings of course.