The Coin market has gone from a Christmas lights to a sea of red. Why is this happening well as i stated in a previous blog South Korea is one of the world's biggest cryptocurrency markets. The police have cracked down on exchanges in Seoul to calm down what the government has been calling a frenzy of gambling addiction of students and housewives.
On top of that you have execs like Charles Hoskinson from Etherium calling for a market crash and consolidation of unrealistic currencies.
"What's going to occur is a lot of these ventures that don't have strong fundamentals, don't have good tech, or just unrealistic projects, they will eventually run into some major wall they can't quite overcome. They will fracture up and you will see a lot of them are certain to fail."
He also stated that these failure could last a while since these companies are heavily funded their decline would not be felt anytime soon.
Please guys read up on the whitepaper and do as many research as you can on a project before putting your money in an ICO with fancy promises could leave you holding an empty bag of imaginary coins at the end.
