You are viewing a single comment's thread from:
RE: Crypto Crash... And Vitalik Buterin Death Hoax Brings To Light Risks In Ethereum
Cryptocurrency is still at its infancy, with great potential and inherent risks. This kind pull back is health. The real danger is the ICO frenzy - looks like bubble to me. Regardless We are early adapters and way ahead of the curve. Look at the long term...
The equation that ICO marketers use is simple: ROI/time=profitability.
There are many who have made a lot of money in crypto, and many more will make a lot of money as well. The next phase of this is commercialization, where the term ICO is familiar but exciting.
Long term wealth accumulation is what a day job is for. Instant wealth accumulation are subject to the formula above, and usually have the interest of the initiators for as long as they are still making the most amount of money with the smallest investment of time.
ICO frenzy is a result of band wagon effect, there is this rush to make a quick one from each initial investment.