good to hear research based reasoning! I was looking at an ico company called singulardtv that happened 9 months ago. they made millions their promo video shows them, neck veins popping, celebrating as their ico generated millions in real time. That was NINE MONTHS ago. So I went to their site. Suprise, It looks like it hasnt changed since the ico. Coming soon. coming soon. coming soon. These guys are selling web design for millions and thats it. Now that being said, people are getting wealthy investing in them. But who are they? are they people who can afford to buy a million tokens? I dont know. I see its trading at .16cents so maybe its worth it. I just have a hard time buying into some pictures with future promises that never happen, but if I can get rich from it Im in - as long as it dosent hurt anyone.
https://singulardtv.com/
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Interesting. Everybody has an idea to use Blockchain for everything now, which is great, but only some of the applications will really be worthwhile. For example, I think Steemit is a great idea, but after being on it I'm having some doubts about the execution. It seems like it's largely basically a spam and scam factory right now.
Somebody will come along and learn from Steemit's mistakes and make a better platform, the same way Google supplanted Yahoo.
This really does look like the dotcom boom. What - you're a dotcom? TAKE MY MONEY!!! Didn't matter if the idea was good or the execution and business plan solid.
You can momentum trade off of that kind of market for sure... I just think these ICOs are getting out of control. They look like Penny stock pump and dumps too often.