BitMEX: Crypto IEO ‘Poor Performance’ Sees Investors Lose up to 98%

[newshunter]

BitMEX: Crypto IEO ‘Poor Performance’ Sees Investors Lose up to 98%

IEO investors face up to potential near total losses, with most crypto tokens hemorrhaging value versus launch price

Source: BitMEX: Crypto IEO ‘Poor Performance’ Sees Investors Lose up to 98%

Would appreciate your opinion about this

[Senin]

This is very bad news for cryptocurrency users, as this sad statistic will affect all altcoin holders. Until now, it was believed that IEO projects were quite effective compared to ICO projects and there were no strong complaints about the drop in the price of new tokens during IEO.
I’m not sure that this situation in the cryptocurrency market will lead to the dominance of bitcoin up to 85 percent. If this happens, then not for long. I am a little disappointed with such statistics.

[Goodcat49]

Because most ICOs are useless, that's the point.

[Senin]

Because most ICOs are useless, that's the point.

No, the point is not only the futility of new IEO or ICO projects. Some of them are very promising, however, despite this, all of them significantly lose in price. So far, the thing is in the bear market for altcoins. For almost two years, altcoins have been greatly depreciated and do not have a general increase, despite the high price increase for bitcoin, as it was in the second quarter of this year.

[Goodcat49]

Because most ICOs are useless, that's the point.

No, the point is not only the futility of new IEO or ICO projects. Some of them are very promising, however, despite this, all of them significantly lose in price. So far, the thing is in the bear market for altcoins. For almost two years, altcoins have been greatly depreciated and do not have a general increase, despite the high price increase for bitcoin, as it was in the second quarter of this year.

OK, but there are no signs bear market is going to end (for altcoins), why to launch any ICO/IEO then?