ETH crashing to 13 bucks on Coinbase was amusing, but it isn't the retrace that typically happens after a parabolic rise.
I think Ethereum still has to fill in that large candle "wick" at the bottom.
It happened for Bitcoin, it happened for LTC when they first started out. ETH is no different.
No matter the catalyst, they will have to contend with a large decline in their future.
Topic: [2017-06-21] Dogecoin Creator Jackson Palmer Is Concerned About Ethereum’s.... (Read 2767 times)
June 22, 2017, 10:46:43 AM
June 22, 2017, 10:17:37 AM
“ the speed at which people have been doing these ICOs that is a little bit concerning.”
I agree with Jackson Palmer
Scammers are taking advantage of people's greed and are creating more and more ico every day.
In the end we have what we have
Ethereum will be the biggest ICO / ScamCoin that will go down in flames and it will serve as a warning to others not to invest in it. These people
are hunting for "Get Rich Quick" scams and they are going to burn their fingers. The only people who are going to profit from this, will be the
founders & developers. {They got in at the beginning with pre-mined coins and they will make millions on other people's greed who come in at the
end}
June 22, 2017, 08:53:36 AM
“ the speed at which people have been doing these ICOs that is a little bit concerning.”
I agree with Jackson Palmer
Scammers are taking advantage of people's greed and are creating more and more ico every day.
In the end we have what we have
June 22, 2017, 05:07:53 AM
Dogecoin Creator Jackson Palmer Is Concerned About Ethereum’s ICO Bubble
One of the biggest stories in cryptocurrency over the past couple of months has been the meteoric rise of the ether price and the speculative frenzy around the Initial Coin Offerings (ICOs) launching on top of the Ethereum platform. In a recent video uploaded to his personal YouTube channel, Dogecoin creator Jackson Palmer shared some of his thoughts on ICOs and their effect on the ether price.
“The real reason the [ether] price has been going up something like a hundred dollars per week for the past month is really just greed: greed from developers, greed from investors [and] greed from everybody in this speculative market,” said Palmer in a summary of his main point on the topic of Ethereum and ICOs. “And that’s not necessarily a bad thing. People making money is how the world works. But it’s the way in which it’s been happening and the speed at which people have been doing these ICOs that is a little bit concerning.”
READMORE
https://bitcoinmagazine.com/articles/dogecoin-creator-jackson-palmer-concerned-about-ethereums-ico-bubble/
One of the biggest stories in cryptocurrency over the past couple of months has been the meteoric rise of the ether price and the speculative frenzy around the Initial Coin Offerings (ICOs) launching on top of the Ethereum platform. In a recent video uploaded to his personal YouTube channel, Dogecoin creator Jackson Palmer shared some of his thoughts on ICOs and their effect on the ether price.
“The real reason the [ether] price has been going up something like a hundred dollars per week for the past month is really just greed: greed from developers, greed from investors [and] greed from everybody in this speculative market,” said Palmer in a summary of his main point on the topic of Ethereum and ICOs. “And that’s not necessarily a bad thing. People making money is how the world works. But it’s the way in which it’s been happening and the speed at which people have been doing these ICOs that is a little bit concerning.”
READMORE
https://bitcoinmagazine.com/articles/dogecoin-creator-jackson-palmer-concerned-about-ethereums-ico-bubble/
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