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RE: Are we in a Cryptocurrency Bubble?

in #cryptocurrency8 years ago (edited)

I think you are being naive when you think that.

The Gnosis ICO has been anticipated for so long that no other outcome was probable - so they are either incompetent and didn't know what they were doing, or they did it deliberately. Neither is good.

It would be very ironic that people creating a prediction market could not predict such an obvious outcome!

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so they are either incompetent and didn't know what they were doing, or they did it deliberately. Neither is good.

I agree. Could not distance myself far enough from the project.


I was just trying to bring a bit of the devils advocate to the table. Full disclosure: do not and do not plan to hold any GNO, I do hold REP however.

Me too - am holding some REP long term - I was going to buy into Gnosis too but when I realised the way the ICO worked I held off because it seemed scammy to me but it sold out faster than even I expected it to. Lucky it did because I tend to be susceptible to last minute FOMO - I think I must have the gambling gene lol!

Haha TBH I had to mentally tell myself that I would not get in the first day. I thought that the project was worth just a few million at most. The part of FOMO that gets us is that we are all susceptible. I think holding REP long term will be a very interesting prospect.