If you own Ethers and you are surprised with the day by day sliding price of Token, don’t be. I read here and there that people are selling ethers to secure their position and save their investments. First off all I will try to explain why the price is sliding.
Now people know Vitalik is alive and healthy, flash crash can happen again but that really doesn’t matter, People will come to know very soon that these ICOs are nothing but scams. My only question to those people, who are investing in ICOs, What they are really offering? They are just making millions with nothing to offer.
At the time of writing this article I am surprised to know EOS ICO has raised $ 2.5 Billon in just 10 days, and a lot of people are still investing in that ICO that will last 365 days. Yes for 365 days, come on. On the other hand Tezos a long awaited token has raised over 54,000 bitcoins and 310,000 ethers. That is an actual cause of sliding the ether price.
I am happy for those who are aware that Ether is a king crypto token learned from bitcoin but executed in excellent way and they are buying ethers for future, and I am also sad for those who are selling Ethers for no reason.
I just wrote this for awareness; don’t think my ether investment is at stake. I just own 10 tokens bought at $10/token. I am good anyway.