Pic related. Many ICOs will be dumping soon. EOS move a big amount of their ETH to Bitfinex 2 days ago and they still have much more to dump.
We are in a bear market, most of these ICOs are scams and won't hodl for years or even months. If you haven't dumped all your ETH, you will get royally fucked.
Even when the market recovers, ETH won't reach ATH because of the ICO crackdown. Participating in ICOs was the only usecase that mattered.
I wonder where they'll be moving to... *cough* stellar *cough*
Luis Watson
>ICOs was the only usecase le mao faggit, get ready for round 2 this year, smart contracts and tokenization of legitimate assets are coming
Lucas Allen
>tokenization of legitimate assets are coming
they won't use a network controlled by a 50kg autistic Russian. They will use a federated network, like Ripple, to issue IOUs (tokens) or create a new network entirely.
>smart contracts Smart contracts won't be used for anything serious because they are minefields. They also very expensive to use because of fees (average ethereum fee was $5 a while ago).
fiat, but if they move to another crypto it will be Monero or Bitcoin.
Jackson Fisher
>ETH is fucked because it's used what a weird argument
Brayden Stewart
"$10 by EOY" meme is just one year off, apparently.
Covert half to fiat, half to bitcoin. The bear market is not over. ETH is literally the worst choice right now. If you love you ETH so much, you will be able to buy it buck cheaper in the future.
Gavin Lewis
thanks just bought 100k
Juan Jenkins
>>Smart contracts won't be used for anything serious because they are minefields.
>Computer programs are too dangerous >who would ever use pc programs for business or power plants
computer programs aren't as dangerous because they are CENTRALIZED. If Paypal's software fucks up, you still get your money back. If a smart contract fucks up, billions of dollars could evaporate forever.
Ethereum's co-founder couldn't write a multisig smart contract without fucking up twice. The second time the money was lost forever.
two more points: -Ethereum's smart contract language is new and worse than java -smart but evil programmers could intentionally place hard to detect vulnerabilities in the code to steal people's money, so incompetence isn't the only concern. smart contract has a future, but it won't be in ethereum.
>mart but evil programmers could intentionally place hard to detect vulnerabilities in the code to steal people's money
What about open-source standart contracts data-bases?
Nolan Lopez
what are you saying?
Dominic Green
Who won't? The trillions worth of partners? They will all become tech companies and build their own worthless internet money?
Charles White
send me your ETH
Grayson Walker
Thanks for the head up, OP, I don't have much ETH but will sell some to reduce risk.
Aaron Martin
We are moving to Stratis. Their icos are already registering with SEC to avoid issues.
Camden Adams
If ICOs dump, more people will be able to get cheap Ether thus increasing overall liquidity instead of all that Ether sitting in their wallets.
Cameron Watson
LOL at everyone here thinking people will move to one of your platforms for ICOs.
Companies wanting to create a new token will do so with OST. Literally a few button clicks and you've just created a token economy on a scalable ETH side chain, with no coding or development knowledge needed.
What's more is that OST offers a complete KYC solution. The best in the crypto space. The alpha is going on now. Test it yourself.
conveniently cropping out the fact that both polkadot and iconomi funds are frozen for eternity and thus locking them in place.
Easton King
drop in the sea
Leo Garcia
>I'm a 28 yo programmer >Doesn't remember when normies thought muh internet virus was going to empty your bank account if you used amazon
Elijah Howard
>We are in a bear market, most of these ICOs are scams >EOS move a big amount of their ETH to Bitfinex 2 days ago and they still have much more to dump Really makes you think
David Green
being dumped en masse by ICOs = use case ooook
Ayden Reyes
>$10 by EOY
kek I used to spam that line in every ether thread, warms my cock to know it will become true.
Elijah Gomez
TNC & Plasma about to cause the flippening.
Jack Rivera
lol
Jaxson Butler
My eyes.. my innocent eyes
Luke Hill
This. Years ago people were fairly afraid to shop online, every site was going to steal their card even tho it ended up being real life merchants constantly getting hacked that leaked card info.