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A comment on The SEC has charged two initial coin offerings with defrauding investors. Parent comment
If the coin has a mechanism where it can always be bought for $1 forever it's reasonable that you can't expect a profit.
But ICOs don't do this. They limit quantity to drive demand of people hoping their limited resource will be worth more in the future.
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If the coin has a mechanism where it can always be bought for $1 forever it's reasonable that you can't expect a profit.
But ICOs don't do this. They limit quantity to drive demand of people hoping their limited resource will be worth more in the future.