SHUT UP AND TAKE-A MY COINS

The New Trend:

Not a day goes by now that we do not hear about a multi million dollar ICO selling out. Not only selling out but also breaking new records in the time it takes to do so. It's the attack of ERC20 tokens that's storming the Altcoin economy.

A few years back:

Let's rewind back to 2010-2011 when the altcoin economy was in it's infancy, at the time the only whitepaper floating around was Bitcoin's whitepaper, mining was the main route to gain an altcoin, and the terms "Roadmap", "ICO" were scarce.

Any mention of a premine of more than 2% was sure to bring the wolves in packs. Actually the typical way to launch a project at the time were no premine, no instamine.

Here is what the average economy of an altcoin launch looked like back then:

• 0% - 2% ----> devs
• 0% - 2% ----> Pools
• 96%-100% --> Miners

Assuming there was a 2% premine, the dev team had to fund the project (Coding-Nodes-BlockExplorers-Promotions etc..), pay for exchange listings occasionally, give bounties, and burn coins deemed a risk to the community...

Let's be honest most of the coins did not have a lifetime beyond a few weeks. The only exception was when the dev team or some mining whale instamined or mined it heavy, or even bought at low price and pushed up in what we call "Pump & Dump".

As the years went by new trends came and went, every three or four weeks a new trend would show up, POS, Masternodes, Locked coins, Hyper POS, new mining algos, new code base, anon, private messaging and lots more... Not that these new trends did not have anything to offer in terms of new tech, in fact most of them did. But the reason for calling them trends is that they were recycled over and over. The first on a new trend was usually the biggest winner.

The more hyped a trend was the more "as a trader" you would know it will be "Pumped & Dumped". This created a breed in the Altcoin economy called the "Bag Holder", but that's another story. The term bag holder is not necessarily bad, imagine bag holding Dark coin or xmr to this day. 99% of the time it is BAD.

• hold too long & become a bag holder
• Sell too soon & forfeit potential profits

I can write a book about these two statements. They are not as clear as day, and if you think they are, even for one minute, you are a great candidate for an Executive Position at Bag Holding Inc.