I now sit inside the six ICO and see fees, well look at a couple of dozen that collect +-20 million and already broke softcap. Based on these observations, make conclusions, who the hell knows how correct.
In short, the ICO as the tool die. Quick ICO are not repeated. Hamsters ceased to carry their coins. I see two reasons:
1. The ICO market has turned into white noise, and to choose something good – it is difficult. If used in the multiplier of the successful ICO in 100x of the 32 projects blindly do not rely on one successful (count, statistics of roulette), now out of 100 projects – hell knows. Portfolio strategy abruptly lost economic sense and hope for the x1000 funny. Even hamsters know it.
2. Superrecovery bitcoin shows a growth that does not make sense to leave it anywhere, except in the Fiat where the nerves pass or need the money.
The market is starting to appreciated the expertise of the investor. Funds have started to collect the ICO, and they do, but most of them are hamsters is not available (yet). They collect the money from the old LP and the owners of cheques from 1000 (some 5,000) esters. Such funds I am only seeing about forty, and they will breathe in the spring. I’m sure you can see only a part, we can assume that by the end of 2018 they will be in the hundreds. Cool, that such funds have not harvested a week or two of money, and 2-4 months. And in the process engage in serious negotiations, that’s just as venture capital funds. And regulation there is already quite different, it is possible to collect on the sly. Looking at two funds that want to raise hamsters – there are 100m+ in the crypt and almost full IPO.
If everything goes well, bitcoin will not collapse, the typical ICO in 2019 will look like a big syndicate: 30 funds 500 esters. And no street.
On bitcoin. I’m about to revise their forecasts for a drawdown in 2018 it 5-10 times, because I saw how there are corporations, private of equity, hedge funds and top Forbes. In a week I will read a little intelligence on this subject, which is written based on the analysis of wallets and finotchetnosti public and not only to public companies over the last couple of quarters.
I think bitcoin is turning into an investment vehicle (rather equivalent of gold, not the dollar), and the place of the settlement currency becomes vacant. And violas for him to be fighting. While the degree of integration in the offline economy, I see the leader of the Dash, which on the model looks great, what determines the right strategy (this is a good team and internal mechanisms work well) and the operational steps they have transcripts. And has already begun to affect the exchange rate. In short, I believe.
I’m still not ready to enter the crypt, but not sure that will last long.
It’s the look of a man who within the ICO five months and understands the magnitude of his misunderstanding of it all. Do not consider the above written nonsense as investment advice.