So I see this going one of two ways: 1. It helps the value of current coins go up since the competition has been lessened and as such the supply is lower than the demand. 2. It hurts the value of current coins as speculators were making a killing as ICO's surged in price. Now that money making strategy is no longer there, making the point of having crypto meaningless. The eventual dump then creates an oversupply. Thoughts?
hopefully , the beginning of the end for all these scams the public is not being protected from itself
It's good news, it weeds out all the scammers. I don't see this having any negative affect on the price or prospects of legitimate coins and associated technology. The correction we're seeing right now is what it is, a correction, that's all. http://www.smh.com.au/business/mark...l-coin-offerings-illegal-20170904-gyas0z.html It is interesting how when the market starts correcting all these types of news events start occurring that turns what should be a standard correction into a mini-crisis.
Exactly, there's a few pro-capitalists in here that love it when an American company makes billions and pays no taxes in Ireland or some fund manager makes billions from insider trading or some kid invents an app that makes images disappear and becomes a billionaire but they have major issue when the same free markets wants something that they suspect might be against their best interests.