Thank you for annother awesome video, I have been following you from the begining and love your approach to this market.

I totaly agree with you on the altcoin evaluation insanity. Like you said, alot of the businesses behind these altcoins do not have a working product, they do not have revenue streams. I would like to see more transparency with regards to accounting on these companies considering the insane amounts of money raised with ICO’s. Don’t get me wrong, it’s OK to invest in an ICO if you believe in the team and the project they propose, but to have coins 6 or 12 months after their ICO that have done nothing and the value has gone up makes me wonder what are people thinking?

I personally believe that at the moment most of the new money that is coming into the market is dumb money and therefore they seek quick and large gains. Now, if we look at the insane 30-40x pumps that some of these altcoins have on regular terms, it is logical that that money goes towards these coins. Think about it, you gamble on 5 or so altcoins and 1 of them hits a 10x run and you double your money. That is the though process, I know alot of people that think like that and have made money from that type of investing. More worrying, these pumps are driven mainly by roumours and weak news, like you pointed out in your ripple assesment, which I believe only proves even more how dumb that new money really is.

Now, as I see it, this cannot last. I think in 2018 ICO’s will become regulated and also eventually the new money will slow down. I agree more with the whole market cap going down scenario, because many of these altcoins are hugely overpriced at the moment and as time goes by they will prove their inability to make good on their promises. We are allready seing many projects that have not kept up with their roadmap, so I expect them to be downgraded soon. Also, it would be nice to see the market filter out some of the scams.