Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $...
by tfha on Tuesday November 20, 2018 @10:25AM
(#18494439)
I wonder if ico issuers are selling off btc and eth in order to have enough cash on hand to do the asset buybacks and still be ahead.
Anyone who ICO'd in early 2017 (including big names like tezos and filecoin) have enough USD value of btc and eth to comply with the SEC and still have 9 figures left. It's a good time to take profit if you did that, get off the hook and still be incredibly cash wealthy.
That would also explain why ripple is still stable, not as many icos hold xrp as btc and eth
Anyone who ICO'd in early 2017 (including big names like tezos and filecoin) have enough USD value of btc and eth to comply with the SEC and still have 9 figures left. It's a good time to take profit if you did that, get off the hook and still be incredibly cash wealthy.
That would also explain why ripple is still stable, not as many icos hold xrp as btc and eth