Dear @juanmolina
Unfortunatelly mass media brought loads of attention towards bitcoin across the globe in 2017. Crypto space wasn't ready yet and that massive boost of popularity wasn't what blockchain needed.
This caused market participants to lose faith in the prospects of the ICO´s projects, many of which disappeared without a trace after raising funds or, at best, violating the road map.
Indeed. That was a very heavy blow. TRUST has been crushed and it may take some time for market to recover that trust.
Thanks for pointing us towards direction of IEOs. I must admit that I've never heard about it before. Everyday I seem to learn something new lol :)
Again according to the opinion of the users the tokens were bought by bots
I don't really understand that part. Meaning? Bots would represent interest of someone real, with real money and real resources, right?
Great read buddy.
Yours, Piotr
Hi friend @crypto.piotr.
Thanks for your analysis and comment. As always: Great!
By defrauding investor confidence, the entire crypto market was badly hurt. This could only get worse if it were repeated.
Hopefully with IEO no new cases of scams come. Up to now the guarantee is the popularity of the Exchange. There are many economic interests in play.
But because it is a new concept, there are still many aspects of the process that must be refined or "polished".
PS: you're right, the bots represent real staff with real money. So the more money you have, the more bots you can pay and the more tokens you can acquire. Then those who have less resources will keep the crumbs.