Hi guys, i just want to know, what the advantage for dumping the ICO coin?
I think that was a stupid thing. Why do that thing? ICO has giving you a free coin, but you sell it for cheap price. And this is was still happen till now. LOL
How stupid who dump the ICO coin. I guess, Their mind set is $1 its worth than $10.
Kind Regards,
The thinking is short term, the ICO investing strategy is to gather the free
tokens and as soon as the coin is listed on an exchange they are dumped
immediately and the seller moves onto the next project if interest or buys
back their coins at a much lower rate.
Take Dimcoin for example, it has lost 80% of its value since being listed
On the first exchange, it took a sharp drop in a matter of days after
being listed.
There are people who invest in an ICO purely to dump, they are not interested
in the project itself.