Inside the bitcoin-fuelled 'ICO' bubble http://www.theage.com.au/business/markets/inside-the-bitcoinfuelled-ico-bubble-20170831-gy7sok.html
ICOs Hahaha Kik released their own ICO and raised$125 million...hahaha, this is the biggest unregulated hyper bubble the world has ever witnessed...notice not many are saying anything, it just keeps getting bigger and bigger.... interesting that now there are close to a 1000 crptocurrencies, just a big joke. The ICO market is the biggest game ever created.... The dot com bubble can't even compare to this ....the dot com bubble seems non existent after seeing this ICO and crypto currency craze... The ICO market has zero regulations...anyone who can program and has the ability to understand it can create there own ICO....
Perhaps ICO could be a completely different story. ICO is just an electronic game. No real money that has been spent or investing in it. Unlike all others - all real money and real assets, originally. Therefore, real losses! ICO mostly has been created not by real money! imo Unless anyone using it as real money for sales transactions and still keeping inventory.
I find that in life, you sometimes realize later that the outcome wasn't too bad after all, but you just don't know it at the time. Many people might wake up one day with nothing. I'm not making a prediction, but I do see how precarious this whole thing is, and when its over, it won't be a slow decline like Enron, allowing you time to sell, it will just be lights out.
This ICO mania is a symptom of a diseased and unsustainable Central Bank monetary policy. Does it have all the hallmarks of a bubble? Sure. But in my opinion, ICO behavior seems no more irrational than CB behavior.
See an article here in Canada where the regulators are looking into these ICO's. They basically are avoiding all the compliances required by doing a traditional IPO and being a listed company.
Looks like anyone can just do an ICO and raise hundreds of millions of dollars, it's basically a free way to print money......
Just more proof that the world is 1) Full of con men 2) Full of suckers 3) Full of wise guys trying to fleece suckers 4) Full of wiser guys trying to fleece the wise guys trying to fleece suckers 5) Full of shit I vote this the post of the year