Neo-rock Posted July 2, 2018 #1 Posted July 2, 2018 its shocking to hear but its true!!! over 800 cryptocurrencies are now dead and its price worth is less than one cent. cryptocurrency are booming from past 18months but over 800 are dead. new digital tokens are created via a process called initial coin offering (ICO). where statup can issue a new coin which investor can buy.The investor doesnt get any stake in the company,but the coin they buy can be used on the company products.people usully buy ICO because the coins are cheap. there has been an explosion in ICOs company raised $3.8 billion via ICO in 2017,but in 2018 so far this numbe has already shot up to $11.9 billion according to coin schedule,a website that track the market.however ,hundred of these projects are now dead because they were scams source :https://www.cnbc.com/2018/07/02/over-800-cryptocurrencies-are-now-dead-as-bitcoin-feels-pressure.html
Kate Posted July 3, 2018 #2 Posted July 3, 2018 19 hours ago, Neo-rock said: its shocking to hear but its true!!! over 800 cryptocurrencies are now dead and its price worth is less than one cent. cryptocurrency are booming from past 18months but over 800 are dead. new digital tokens are created via a process called initial coin offering (ICO). where statup can issue a new coin which investor can buy.The investor doesnt get any stake in the company,but the coin they buy can be used on the company products.people usully buy ICO because the coins are cheap. there has been an explosion in ICOs company raised $3.8 billion via ICO in 2017,but in 2018 so far this numbe has already shot up to $11.9 billion according to coin schedule,a website that track the market.however ,hundred of these projects are now dead because they were scams source :https://www.cnbc.com/2018/07/02/over-800-cryptocurrencies-are-now-dead-as-bitcoin-feels-pressure.html Dang sad to hear cryptos are dying I think the main reason id due to the fall in price of btc which affects the alts prices which affects the number of people using them
cryptosfr Posted July 3, 2018 #3 Posted July 3, 2018 ICO bloodbath.... ICO investmnt is like startup investmnt , lot of fail and in ICO case is more like LOT of scam, dat why Facebook, Twitter banned ico promotion . i heard more stats about it on a podcast few weeks ago , will post it later. Invest carefully ^^
Neo-rock Posted July 3, 2018 Author #4 Posted July 3, 2018 @Kate that may be one reason for failing of crypto....but sad to hear that huge number are failed. @cryptosfr true what you said the main reason is because of the scam.thats why they don't last long they fail soon.yea social media stopped supporting which is good
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