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A comment on Half of ICOs Die Within Four Months After Token Sales Finalized. Parent comment

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by asdsa5325 on Monday July 09, 2018 @04:01PM (#17492996)
I'm not surprised. ICO investors are crazy and ignorant. If they thought straight, they wouldn't invest at all.
[ Parent | on HN ]
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by vkou on Monday July 09, 2018 @06:35PM (#17493958)
Many of them are investing because there is money to be made over the course of a pump and dump.

They don't actually want any pre-order tokens that entitle them to 2 GB of storage on a distributed crypto-file-system, or whatever the ICO promises.

Think ticket scalping, except that the tickets are for a concert that may or may not happen. (Because the band hasn't actually written any songs, found a drummer, rehearsed anything, rented a venue, or even bought any instruments.)

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by mrhappyunhappy on Monday July 09, 2018 @08:15PM (#17494459)
Crazy but make a ton on deals from pre-sale.
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