Steemit, question: Ethereum price at risk?
With all those ICO's that has been finished, are in progress and are in the pipeline to start, I am just a little bit worried about this, madness. Of course some of them will succeed, but most of them will fail, as many of the start ups do.
Most of them only have a white paper and only a few start of with an actual working product.
Most project lock up their Ethereum that has been raised for funding running costs. With so many in the pipeline a lot of Ethereum need to be sold of to the market again due to the running costs for the product, to build up the venture, marketing and business development. Of course they will be picked up, since there is such a high demand at the moment, but in can also go totally out of control if most will fail and need to dump big bulks back to the market.
What are your thoughts about it?
If we look at stock market as an example i think this is a natural course for a fledgling market that's growing fast. Eventually many will crash and burn but a few will sore!
Yes agree with you @millyionnnn. Just wondering about all the running costs that is required to run the ICO'd companies and that floats back into the markets over time if the volume of the ICO's keep growing
Nice post. Followed.
Thanks upvoted for that!
Large amounts of Ethereum will be locked up for all the coming ICO's. They'll be spent slowly. I think once Bitcoin divides Ethereum will become the dominant cryptocurrency.
Big chance indeed
Maybe lots of smart money is pumped into the cryptos now since they dont have much left to put their wealth in and not many safe havens left.
That could be a reason yes
nice post. Upvoted and followed. Feel free to do the same