Quote:
Originally Posted by CoolTimer
Is the main reason people are investing in these because there's a bigger chance to 10x? Or do people actually think some ICO's have groundbreaking tech?
Virtually none of these companies have much of a development team, so how can they have groundbreaking tech?
What virtually all of them do have is a substantial marketing team to create buzz and sell their tokens. Most amusing (to me) is that many of them don't even disclose who the hell is in charge and owns the company, it's just a mystery as to where the money ends up and who makes the decisions.
And ultimately, just because a company has groundbreaking tech doesn't mean that the token they sell to the masses is worth anything. The token represents no stake in the company.