that's why i said "Sure chances are we have bottomed, but you can't take that risk". They ask for an amount of money that is needed to fulfill their roadmap. If ETH goes down all of a sudden their runway goes down and they can't build their product, making all Jarvis tokens useless. Loook at all those 2017/2018 projects that are fucked now! Sure the early ICOs made bucks, but that's not an argument.
Theoretically, all raised money is needed to pay the bill, so they need to cash out everyting. A crypto project is not a trading firm. If you want to start a business and go to the bank for a loan, you don't start investing that money either (let alone in something as risky as crypto). Why do people think this should be different in crypto.
We shouldn't take the risk to over speculate
As example at the moment we raised 68k usd during the presale; But 21k were ETH and BTC that varies a lot; if we do not count them, we have only secured $47k, so €41k; which is not enough.
So to sell a bit of ETH abd BTC might help sometimes.
I think your biggest chance is you got fiat for private investments. If they were eth or btc, that would be huge downfall. Lots of ico gets cancelled after they reached their soft cap because funds were btc/eth.
Not necessarily a huge downfall. If the ETF is approved in February, BTC would probably be a big win in the portfolio,
because BTC would then go through the roof.
That's a lot of if and when and in my opinion a project shouldn't gamble with the money of their investors. Sure, it could be that BTC 'moons' IF the BTC ETF is approved. But it could also be that the ETF approval gets postponed again and the market keeps stagnating. But at some point the project also needs liquidity to keep everything running.
