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Is Bitcoin a Good Investment? ICOs and their effect on the ether price. Palmer in a summary of his main point on the topic of Ethereum and ICOs. And that’s not necessarily a bad thing. People making money is how the world works. But it’s the way in which it’s been happening and the speed at which people have been doing these ICOs that is a little bit concerning.
Before getting into the details of the current speculative bubble around ICOs, Palmer pointed out that this is not the cryptocurrency community’s first rodeo when it comes to these sorts of token sales and speculative investment opportunities. In addition to Havelock Investments, public offerings for investment were also made on platforms such as Bitfunder, BTC-TC and GLBSE. Palmer also brought up several infamous cases of bad investments or outright scams from the past. And they would actually sell a product that didn’t exist.