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RE: South Africa joins the party
I'm not surprised, many people from nations that have unstable economies can only gain from crypto. While the crypto market maybe unstable in itself, it always bounces back, that is something that many of the third world currencies cannot promise. Crypto can also be changed to USD, the de-facto global fiat world currency or because quite a few other fiat currencies like Euro etc. This allows for some degree of monetary conversion in the event that your country is low on foreign exchange.
Good points. If we could somehow turn off the ICO flood or at least limit it.. that would be great.
I listened to a talk on this subject (the ICO flood) and what the chap said, is it's similar to the dot com startup bubble. Everything is being tested, every niche is being tried every service is being coined. Eventually the truly useful will survive and flourish, and offer massive gains. The crypto investor is suggested to pick a massive niche and study the ICO's. Invest in what you know. I would choose something like Gaming and Casino tokens to research as that is my knowledge base.
The market will fund the growth of the crypto-verse and the market will choose the winners. Uninformed emotional buyers will be fleeced.