Compare the amount of ETH and BTC cashed out from ICO's with the recent drop in market cap?

If anyone has the time to do this, I'd be curious to count how many hundreds of millions $ or billions that ICO's the past 4-6 months have raised, and most likely cashed out to fiat, and see if that correlates somewhat or at all with how much market cap we have lost recently. Could the ICO explosion be bleeding capital from our crypto financial system?

If so, this could put a damper on the usual comeback / growth periods we usually see with crypto periods. Maybe this time it doesn't rebound as fast simply because of the giant leak in the tub

 
FOR EXAMPLE:
If we usually see $25 million in new capital inflow into cryptos each month, but now with all the ICOs, we have $100 million a month LEAVING cryptos, this is a net loss and could slow growth rates significantly.. no?

submitted by /u/3hackg
[link] [comments]

Read More

Popular posts from this blog

World Economic Forum Bitcoin Discussions Validate the Movement

The World Economic Forum WEF has long been a lightning rod of global discussion on economic, social and political trends. This years gathering in Davos, Switzerland, was no exception.Blockchain technology emerged center stage last week as a key discussion theme, receiving praise from attendees for its cutting-edge potential. Bitcoin and the future of cryptocurrencies, too, were highly discussed topics at the forum, not just casually but also in an official session and a few panel discussions.
Read more