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The great ICO fraud of 2017


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#1 NAV

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Posted 08 March 2018 - 12:14 AM

Silicon valley pump and dump at it's best. All these darlings have completely erased their 2017 parabolas. And this wild west of investing continues to be ignored by the SEC. Like i have said many times before, when the dust settles, SEC will make a lot of noise and headlines, when it's too late. That will happen after the king of crypto BITCOIN completely collapses. ICOs are the leading indicator of the crypto world.

 

https://coinmarketca...network-tokens/

 

https://coinmarketca...rrencies/augur/

 

https://coinmarketca...ncies/filecoin/

 

https://coinmarketca...rrencies/tezos/

 

https://coinmarketca...currencies/eos/

 

https://coinmarketca...rencies/status/

 

https://coinmarketca...rencies/aragon/

 

https://coinmarketca...cies/domraider/

 

https://coinmarketca...currencies/wax/

 

https://coinmarketca...ies/gnosis-gno/

 

 

 

You know, i can go on....there are hundreds of them. They have all been decimated. I warned about this fraudulent pump and dump mania, nearly 2 months back.

 

 

 

 

 

 


"It's not the knowing that is difficult, but the doing"

 

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#2 CLK

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Posted 08 March 2018 - 06:52 AM

The end started about a week after the futures opened, I don't think that was a coincidence. The banks most likely bought up a lot of 

the actual bitcoin ahead of that event so they had something to dump to the market to get the sell going and capitalize on their 25:1

short futures contracts. The tokens follow bitcoin so there was nowhere to go but down. At least in the stock market there is always a

few stocks that still go up on their own merit, not in crypto, even if they appear to, it doesn't last but a few days or week. There have been

many corrections and a bear market in the past for bitcoin, most thought this was just another few weeks correction and kept buying the dips.

The damage to the ICO market is most likely too great to recover this year at the least, if ever. The only ones that may bounce back are the few

that end up actually doing business and have earnings to report which at this point I would guess there are none.



#3 NAV

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Posted 08 March 2018 - 07:33 AM

 

The only ones that may bounce back are the few

that end up actually doing business and have earnings to report which at this point I would guess there are none.

 

Earnings ? Most don't even have a product. All F^*ing white papers. That too not peer reviewed !


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#4 NAV

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Posted 08 March 2018 - 10:43 PM

How is an ICO different from an IPO ? It's still raising money from the public. How on earth does the SEC allow raising money from public without any regulations ? We are talking about billions of dollars, not some peanuts. So i can just change the name of an offering from IPO to something else and all of a sudden it becomes legal ? And no reporting requirements ! Unbelievable ! 


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#5 CLK

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Posted 09 March 2018 - 07:23 AM

https://www.investin...ustry-200296716