I was always bullish on crypto despite huge dip or down in my portfolio. However now I am worried because I see everyday or every week new ICOs are coming. But in that ratio new buyers are not coming and old investors are not investing again.
That is the reason we see no demand in crypto. Blockchain is good technology and it will grab good strong position on internet but as every country banning one by one and giving hard regulations so why people will buy these cryptos.
Some company has no real product just do some code and print billion billion coins. Who will buy that developers are taking huge money in ico and give us nothing. They just make some tweets and produce some apps or websites.
why the coin price drops below ico price if devs or teams are not selling. I think the claim that they say in presell is not true most of the time.
On the other hand japan iran venejula said they will issue their own crypto so if everybody keeps producing crypto who will buy that. Why government and country will accept btc or other crypto as they have no control over it.
I am not against crypto but these things are worrying me.
