PLEASE DON'T FEED THE ICO!!!
It's ICO-Mania! .... Get Rich Quick! .... Hurry Limited Time Offer! ... Act Now! .... Supplies Won't Last!!!
For me personally the question is and always will be with cryptos; Are we trying to make money, or build an honest, transparent, COUNTERFEIT-PROOF monetary system of exchange, to replace the dying fiat, blood death war-monger central bank controlled cabal? Or do both? I think up until the big crypto run this year, the answer could equitably be both.
However IMHO, and I'm far from a crypto expert, the landscape has changed. The Bitcoin uncertainty has without doubt dragged down the market, but I see these ICO's as sucking the value out of the market, as people rush BTC and other coins into Ethereum to fund these ICO's. And yeah it's a free market. I get that.
But it begs two more questions; How many altcoins is enough? There's now approaching a thousand from my understanding. And how many of these new coins have will have use value in the future?
And we could probably afford to let the cryptos sphere sort all this stuff out, if there was not a dying fiat system controlled by the cabal who are not going to easily let go of their bloody dollar and will try every trick in the books to scare people away or take advantage.
I want to know more, do you know i am your follower @ronaldmcatee
Rightly said...
Thanks muda ... I think there will be some great buying ops, I believe Litecoin is going to keep steadily going up, as it has been the only real well established altcoin winner since the big peak late May early June, and this dip does offer a great buy opportunity. I just hope folks will consider this and avoid these get-rich ICO's in favor of the established coins.
Congratulations @lightmatters! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of upvotes
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP