ICOs And Bad Investment
The big problem is that ICOs generally have led to the concentration of Ethereum in the hands of these over-rated startups.
Directors can not pay employees and development costs in the Ethereum. They will need to transfer the money back to fiat to make the payments.
Once they begin to liquidate, the other companies will be equally motivated to sell their stocks to get as much fiat money as possible. While startups are motivated to keep the price on the waterline, they have to keep up with the fall of the market.
What about Ethereum?
You should not buy at today's price, If you bought below the today's price keep the ETH. However, the risks are high compared to the growth potential in the immediate period.
If you just heard from mainstream publications about Ethereum, you shouldn't investment. Usually, when cryptocurrencies reach mainstream, it's already the last wave of growth and the decrease is coming.
If you want to make some extra profit, you have to take some risks.
To summarize:
- The Ethereum price has increased in recent months, indicating the potential of the blockchain.
- The Ethereum price has been leveled due to the fact that ICOs now provide a capital flow corection.
- Many of these ICOs will fail, and bad investments will be severely punished. A correction will follow.
Remember to follow me @goodhunter for more articles like this one!
If bitcoin splits this year, which it most likely will, that will also effect the etherum price, providing a good buying opportunity. We might see ethereum below $100 if things get bad with bitcoin, there's a possibility it will break up in as many as 4-5 coins.
Here's a good overview of the different ways this can play out: https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/
Thanks for sharing
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