/biz/ - Business & Finance

Agreed, OP - but ICOs are the money makers for big investors, flipping 100k for 2x in a few days, over and over again. How can they lose?

Shitcoins have ruined me, wish I had stuck with BTC all these years.

>>9391950
I agree, like I said the rich gets richer and thats it.

Not really.

You have to buy either BTC or ETH to invest in most ICOs.

So it's just changing hands basically, it's not really fresh money.

>>9392034
yes but then those BTC or ETH gets sold shortly after right?
ICOs are not holding BTC thats for sure. They get their cash and go.

>>9391916
i posted wrong youtube video.. this is the one
https://www.youtube.com/watch?v=rIMKNkF6d28

>>9392069
Exactly they market sell their BTC and ETH so it all ends up in the market again. I do agree that the current state of the market isn't sustainable but I hope regulation in the coming years will solve that. Regulation will mean that privacy coins won't be getting mainstream adoption, ever. ICO's will need to apply strict kyc's and a lot of exchange will have to change their ways or they will be fucked by regulations and after that law enforcement.

>>9391916
Normies don't understand what ICOs are

What do you suggest?

Let the market do what the market do.

Incisively hamds at work.

>>9392288
Why do you think regulation will be a good thing and not a draconian nightmare? Genuinely curious.

>>9392438
Because he's a statist brainwashed fucking idiot.

>>9392438
Because if there is no regulation there will never be wide spread adoption. If governments won't approve of something normies and above all boomers will never really adopt crypto.
>>9392490
Keep living in your non-regulated government free dreamworld

>>9392490
Well, I don't think theres anything wrong with regulation as an idea. But our current government (I'm in the US) will surely find a way to make it miserable for good people and thrilling for criminals

>>9392526
Boomers will fucking die soon anyway.

>>9392528
True, in theory there's nothing bad with it. In practice however, it's absolutely horrible.

>>9392555
I also think that widespread adoption will occur with or without regulation. Its not like companies are going to reject profit generating cost cutting tech because uncle sam doesnt put a sticker on it. If anything uncle sam will have to put a sticker on it BECAUSE widespread adoption is coming anyway.

>>9392555
Not that soon and they would bring in a lot of money. There is one reason why my boomer father won't invest in crypto and that is lack of regulation. In our country stocks are covered for €100.000 by the government, if crypto would be regulated the same way as stocks it would be covered as well, but that would take years minimum.

>>9392651
This is retarded.
The reason crypto has value is because it is out of the control of the state. It is the only financial instrument capable of destroying the state. If holders voluntarily submit to regulation, they circumvent the technical measures enacted in cryptocurrency by social engineering to implement state policy by extension, and the currency becomes valueless, and those which don't concurrently have their value increased.
Regulations are not only not necessary, they are harmful.
The state must be destroyed.

>>9392651
>In our country stocks are covered for €100.000
the fuck? i call bullshit. u are saying i can invest 100k into stocks and if it crashes the government will pay me back? lol what kind of retardation is this

>>9391916
>there is always the fool ready to give them money
>my coin is different

>>9391916
https://www.youtube.com/watch?time_continue=3389&v=WBgFGwJA1D0

>>9393083
If the exchange company/bank goes bankrupt you'll be covered until 100k here too.
If the company who's stock you are holding goes, you'll get some tax relief I think.
Just crashing means you can reduce it from taxes. That's unlike cryptos too. You can't reduce your losses in crypto taxes.

>>9391916
Doesn't make sense. Yes, a lot money put into ICO's will disappear but you need BTC and ETH as fiat gateway coins to enter or exit your positions in ICO coins. When someone's altcoin does 100x they will buy BTC or ETH, price goes up. If someone invests in a scamcoin they will try to recoup their fiat by selling into BTC or ETH. Yes, the ICO market has finally died (98% are complete scams anyway) and demand for ETH has dropped to reasonable levels, thus the drop in price.

ICOs, no matter how scammy, drive up the market for ETH. The rich are progressively realising BTC is another gold/precious metal they can hedge their money against fiat.

Yes the rich get richer but at least the commoners can still get into ICO pools or at least buy BTC before it goes to 100k. Regulating ICOs will only stop Americans from investing.

Don't worry anon. When LINK 100x's I buy your Bitcoin to hold up the price.

>>9392945
>this is retarded
>the state must be destroyed

>>9392438
There is no need for 2000 shitcoins. If the government decimates the shit out of the market and only 5-6 coins survive, we are going to the fucking moon shortly after.
We really need the government to declare ICOs security fraud and start throwing Pajeets into Guantanamo.

>>9392588
>cost cutting tech
anon, I...

>>9391916
You're a retard and I think you're lying about investing since 2012 if you still support BTC. The reasons BTC hasn't increase more in value is because Blockstream purposfully made it a shitcoin 3 years ago and it lost all its utility, you can't blame this on unrelated ICOs. You fucking donkey.

>>9393762
>MUH GUVMINT

You do realise government made so many problems some guy had to invent a solution to it and now you want government to try to get involved again?

No no no. Crypto is the separation between money and state. It's over. No more government intervention, and even if they try, it'll be meaningless as it is beyond their power to control.

>>9394230
>purposfully made it a shitcoin
lol btc is the original shitcoin every other shitcoin is based on
His point is that ico's and related are eating the market share, but as others pointed out, you gotta buy into eth/btc to get into icos, and you will later sell for profit, therefore hardly affecting the price.
I would never hold eth though, too tied to this shit icos, its a matter of time until the fad is over, they all go to zero, no one buys new ones and eth crashes

>>9394307
>Crypto is the separation between money and state
yeah and look at its usefulness wow, literally a mass pump and dump scheme. Please be serious, crypto cant be used as currency therefore its usefulness is limited to speculation

>>9394230
Instead of insulting you should read better what I wrote. I am not saying it is not raising value now. I am saying that I don't see how it could possibily increase in value since new money goes in ICO of which 80% just disappear.

>>9394349
>His point is that ico's and related are eating the market share
they are eating the marketshare because blockstream made BTC an unusbale shitcoin you fucking retard. If you could still use bitcoin for instant payments and for smart contracts 90% of these shitcoins wouldnt exist and btc would have 90% market share

NAHH. 3 MIL BY 2020 I'LL EAT 4CHAN

eth needs to die

>>9395444
what needs to replace eth? tell me what you want to shill

>>9395567
I'm not shilling anything. I just think the ico model needs to go and eth as well as the other shitcoins that allow it need to die along with it