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Page 1: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

ICO MarketWeekly Review

August 10, 2018

https://icobench.com

[email protected]

# 20

Page 2: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

Welcome to ICO Market Weekly Review. This report aims to be your guide to the ICO market and the blockchain community and is based on the data that we carefully gather at ICObench.

Increasing popularity of initial coin offering as the means of funding a startup brought particular attention to the ICO market and made the blockchain communi-ty grow drastically. In this situation, it is crucial not only for the investors but also for the media and research agencies to have a trustful and complete source of informa-tion about the ICO market.

With over 4,050 projects and 60,000 professional profiles in enterprise and block-chain published on the platform, we can ensure a clear outlook of the market and its community.

We have processed and organised a huge amount of data for this report to show you the ICO market and its community’s widely differing sides - specifically ICO market size for a variety of industries, projects trending this week and countries leading in “crypto”.

We hope that the data in the report will be useful to you and your audience. We are happy to have you with us and are looking forward to your feedback on what other information you would like to see in the ICO Market Weekly Review.

ICObench Team

Page 3: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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Table of content

1. ICO Market Overview 4

1.1. Top 5 ICOs completed recently 4

1.2. Top 5 ICOs completed in July 2018 5

1.3. Top 5 ICOs to date 6

1.4. Top countries on the ICO market 7

1.5. Top platforms used by ICOs 8

2. Trending ICOs 9

2.1. Top 5 ongoing ICOs 9

2.2. Top 5 ICOs launched this week 08.06-08.12.2018 9

3. ICO market size 10

3.1. ICO market size per week 07.09.2018-08.06.2018 10

3.2. ICO market size per month for the past 12 months 11

3.3. ICO market size per industry for the past 12 months 12-13

4. ICO market performance 14

4.1. ICO performance rate for the past 12 months 14

4.2. ICO performance rate by industry 15-16

5. Blockchain community 18

5.1. Top 10 People of blockchain 18

5.2. Top 10 ICObench experts 19

5.3. Top 10 ICO agencies 20

6. ICO Market Insider 21

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Page 4: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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1. ICO Market Overview

As a rating platform, we pay more attention to best ranking ICOs. Our evaluation systemis based on a combination of the ICO profile rating based on our own algorithmthat uses more than 20 different criteria and the ratings provided by the independentexperts. On the other hand, it is highly important how much a project raised during itsICO and how the number and the value of the ratings could affect the number of fundsraised. In this section, we try to build a picture of this interrelationship.

1.1. Top 5 ICOs completed recently

ICO Funds raised

#1 London Football Exchange $71,320,000

#2 4NEW $42,100,000

#3 Datareum $5,144,571

#4 AISI Coin $5,000,000

#5 Inmediate $5,000,000

By the amount of funds raised

ICO Rating

#1 SKYFchain 4.6

#2 TimeBox 4.6

#3 TraXion 4.5

#4 Worldopoly 4.5

#5 Tradelize 4.5

By rating

ICO Rating Funds raised

#1 Datareum 4.3 $5,144,571

#2 Streamity 4.2 $4,200,000

#3 4NEW 4.1 $42,100,000

#4 Gamblica 4.0 $1,371,565

#5 Bitto Exchange 3.8 $1,104,454

By rating and amount of funds raised

ICO #Ratings

#1 SKYFchain 61

#2 Worldopoly 30

#3 Photochain 29

#4 TraXion 29

#5 TimeBox 29

By the number of ratings

Page 5: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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1.2. Top 5 ICOs completed in July 2018

ICO Funds raised

#1 Cryptosolartech $68,280,620

#2 Online $50,000,000

#3 Liquidity.Network $26,029,981

#4 Essentia $25,500,000

#5 TravelBlock $25,200,000

By the amount of funds raised

ICO Rating

#1 FTEC 4.7

#2 Nauticus 4.6

#3 ZeroState 4.6

#4 VRT 4.5

#5 Elysian 4.5

By rating

ICO Rating Funds raised

#1 FTEC 4.7 $995,000

#2 Nauticus 4.6 $16,916,000

#3 Xriba 4.5 $12,600,000

#4 Elysian 4.5 $7,000,000

#5 VRT 4.5 $2,402,311

By rating and amount of funds raised

ICO #Ratings

#1 Etheal 59

#2 Open Source University 40

#3 ZeroState 33

#4 Wemark 32

#5 TV-TWO 32

By the number of ratings

Page 6: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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1.3. Top 5 ICOs to date

ICO name Raised

#1 EOS $4,197,956,135

#2 Telegram Open Network $1,700,000,000

#3 TaTaTu $575,000,000

#4 Dragon $320,000,000

#5 HDAC $258,000,000

By the amount of funds raised

ICO name Rating

#1 Truegame 4.7

#2 FTEC 4.7

#3 Karatgold Coin 4.7

#4 Squeezer 4.6

#5 Sharpay 4.6

By rating

By both rating and amount of funds raised

ICO name #Ratings

#1 Sharpay 103

#2 Truegame 91

#3 WePower 81

#4 Friendz 64

#5 Faceter 61

By the number of ratings

ICO name Rating Funds raised

#1 Karatgold Coin 4.7 $100,000,000

#2 Truegame 4.7 $3,426,445

#3 FTEC 4.7 $995,000

#4 Friendz 4.6 $27,525,000

#5 Nauticus 4.6 $16,916,000

Page 7: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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Russia

Cyprus

Singapore

Estonia

Switzerland

UK

Slovenia

USA

1.4. Top countries on the ICO market

Countries & PlatformsThe ICO market has its leaders presented not only as projects but also as countries and the platforms the project

teams build their ICOs on. The map above shows the countries those became leaders in the following criteria: the

number of ICOs, the number of ICOs per 1 million people, and the total sum of funds raised by the projects from the

country.

As you can see, Ethereum has become a market standard. At the same time, today many projects base their products

on Waves platform and other runners-up.

512 ICOs#by the number of ICOs

$6,900,631,444#by raised funds

320 ICOs#by the number of ICOs

$1,059,451,525#by raised funds

261 ICOs#by the number of ICOs

$2,293,096,201#by raised funds

$1,574,701,339#by raised funds

22.4 ICOs per 1M people#by the number of ICOs per 1 million people

349 ICOs#by the number of ICOs

$1,618,192,557#by raised funds

59.2 ICOs per 1M people#by the number of ICOs per 1 million people

19.7 ICOs per 1M people#by the number of ICOs per 1 million people

33.1 ICOs per 1M people#by the number of ICOs per 1 million people

201 ICOs#by the number of ICOs

145.8 ICOs per 1M people#by the number of ICOs

per 1 million people

Page 8: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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1.5. Top platforms used by ICOs

Platform ICOs % Avg.rating Avg.raised

#1 Ethereum 3,264 80.33% 2.9 $5,003,807

#2 Waves 104 2.56% 2.4 $1,223,155

#3 Stellar 40 0.98% 3.2 $6,086,046

#4 NEO 26 0.64% 3.3 $3,806,275

#5 NEM 17 0.42% 3.1 $3,744,678

#6 EOS 16 0.39% 3.6 $-0

#7 Scrypt 15 0.37% 2.1 $1,386,517

#8 Separate blockchain 12 0.30% 2.9 $4,081,755

#9 Ethereum and Waves 9 0.22% 2.1 $451,303

#10 Bitcoin 9 0.22% 1.8 $7,019

Page 9: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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2. Trending ICOs

The ICO market is changing every day, crowning the projects those succeed to reach the per-fect combination of team, vision, and product as well as the hype around them and leaving the losers behind. In this section, we provide this week’s leaders of the market according to their mark and the number of ratings on our platform.

ICO name Rating

#1 Eternal Trusts 4.7

#2 INTRO 4.6

#3 SKYFchain 4.6

#4 TimeBox 4.6

#5 Enlte 4.6

By raiting

ICO name Rating

#1 SKYFchain 61

#2 Iagon 33

#3 INTRO 33

#4 Worldopoly 30

#5 Photochain 29

By number of ratings

By rating

ICO name #Ratings

#1 buglab 19

#2 GCOX 18

#3 Opporty 14

#4 ORCA 12

#5 Developeo 7

ICO name Rating

#1 ORCA 4.4

#2 Usechain 4.3

#3 Boomstarter.Network 4.3

#4 Alive Casino 4.3

#5 SilkChain 4.2

By the number of ratings

2.1. Top 5 ongoing ICOs

2.2. Top 5 ICOs launched this week 08.06.2018-08.12.2018

Page 10: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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3. ICO market size

The initial coin offering has become one of the fastest growing means of investment by the end of 2017. The size of ICO market had its ups and downs over 2017 and, at the moment, has slightly lowered after the peak in December. In this section, we wanted to give you the big pic-ture of the size of the market, split into two major categories: market size per month and week and the market size per industry.

Week #ICOs Funds raised Avg.funds raised/ICO

Jul 30th, 2018 - Aug 6th, 2018 32* $213,041,632* $6,657,551*

Jul 23rd, 2018 - Jul 30th, 2018 16 $127,024,322 $7,939,020

Jul 16th, 2018 - Jul 23rd, 2018 19 $205,978,723 $10,840,985

Jul 9th, 2018 - Jul 16th, 2018 14 $107,082,807 $7,648,772

3.1. ICO market size per week 07.09.2018-08.06.2018

* this data will be updated

Page 11: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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3.2. ICO market size per month for the past 12 months

Month #ICOs Funds raised Avg.Funds raised

August 2018 10* $94,165,736* $9,416,574*

July 2018 86 $688,090,877 $8,001,057

June 2018 99 $1,515,866,836 $15,311,786

May 2018 126 $1,071,855,244 $8,506,788

April 2018 107 $1,059,069,548 $9,897,846

March 2018 116 $1,735,377,226 $14,960,149

February 2018 105 $1,509,137,748 $14,372,740

January 2018 71 $1,365,515,824 $19,232,617

December 2017 89 $1,626,953,231 $18,280,373

November 2017 65 $749,225,976 $11,526,553

October 2017 69 $913,172,460 $13,234,383

September 2017 51 $837,753,177 $16,426,533

* this data will be updated

Page 12: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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Category #ICOs Raised Avg. raised

Platform 1,654 $9,843,570,466 $5,951,373

Cryptocurrency 1,122 $11,332,901,968 $10,100,626

Business services 709 $2,999,278,539 $4,230,294

Investment 542 $2,332,263,609 $4,303,069

Smart Contract 478 $1,200,508,751 $2,511,525

Software 477 $2,157,092,147 $4,522,206

Internet 374 $1,764,258,186 $4,717,268

Infrastructure 336 $3,085,466,958 $9,182,937

Entertainment 321 $1,238,042,311 $3,856,830

Artificial Intelligence 306 $665,005,482 $2,173,221

Banking 301 $2,617,870,933 $8,697,246

Big Data 284 $756,784,445 $2,664,734

Communication 258 $1,139,379,175 $4,416,198

Media 195 $1,330,234,691 $6,821,716

Other 189 $444,114,903 $2,349,814

Retail 173 $655,316,089 $3,787,954

Health 146 $423,072,118 $2,897,754

Education 125 $197,760,325 $1,582,083

(see the next page)

3.3. ICO market size per industry for the past 12 months

Page 13: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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Category #ICOs Raised Avg. raised

Real estate 117 $310,598,500 $2,654,688

Energy 93 $435,645,309 $4,684,358

Tourism 90 $151,388,902 $1,682,099

Sports 87 $283,189,236 $3,255,049

Manufacturing 86 $235,850,504 $2,742,448

Virtual Reality 83 $203,798,716 $2,455,406

Casino & Gambling 82 $601,612,342 $7,336,736

Legal 62 $141,969,715 $2,289,834

Electronics 51 $292,668,844 $5,738,605

Charity 51 $75,428,345 $1,478,987

Art 43 $71,510,399 $1,663,033

Page 14: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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4. ICO market performanceThere are two factors of financial success for any ICO: reaching their hard cap during the initial coin offering and having a big ROI (return on investment) after it. In this section, we show the market’s situation by the performance rate and ROI for the past 12 months and for all industries represented on our platform.

% reached HC

% reached SC

* this data will be updated

4.1. ICO performance rate for the past 12 months

**

2017 2018

Page 15: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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4.2. ICO performance rate by industry

This graph is showing the percentage of the ICOs that reached soft and hard cap in the past 12 months by industry.

% reached soft cap

industries

% reached hard cap

Category Raised ICOs % reached SC % reached HC

1. Platform $9,843,570,466 1654 37.06% 34.16%

2. Cryptocurrency $11,332,901,968 1122 38.32% 35.92%

3. Business services $2,999,278,539 709 38.93% 35.40%

4. Investment $2,332,263,609 542 40.22% 37.27%

5. Smart Contract $1,200,508,751 478 25.10% 24.90%

6. Software $2,157,092,147 477 37.95% 34.59%

7. Internet $1,764,258,186 374 36.63% 32.89%

8. Infrastructure $3,085,466,958 336 30.95% 29.76%

9. Entertainment $1,238,042,311 321 39.25% 33.33%

10. Artificial Intelligence $665,005,482 306 22.55% 22.55%

11. Banking $2,617,870,933 301 44.52% 39.53%

12. Big Data $756,784,445 284 26.41% 25.70%

Page 16: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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Category Raised ICOs % reached SC % reached HC

13. Communication $1,139,379,175 258 34.50% 32.56%

14. Media $1,330,234,691 195 35.90% 33.85%

15. Other $444,114,903 189 26.46% 25.40%

16. Retail $655,316,089 173 29.48% 27.17%

17. Health $423,072,118 146 25.34% 24.66%

18. Education $197,760,325 125 20.80% 20.80%

19. Real estate $310,598,500 117 37.61% 35.90%

20. Energy $435,645,309 93 30.11% 30.11%

21. Tourism $151,388,902 90 36.67% 35.56%

22. Sports $283,189,236 87 42.53% 39.08%

23. Manufacturing $235,850,504 86 19.77% 19.77%

24. Virtual Reality $203,798,716 83 20.48% 19.28%

25. Casino & Gambling $601,612,342 82 51.22% 45.12%

26. Legal $141,969,715 62 27.42% 27.42%

27. Charity $75,428,345 51 19.61% 19.61%

28. Electronics $292,668,844 51 29.41% 29.41%

29. Art $71,510,399 43 23.26% 18.60%

Page 17: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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5. Blockchain community

#1

#4 #7

#10

#6#5

#9#8

#2 #3Simon Cocking Ian Scarffe Nikolay Shkilev

241.6ISS85

ICOs

232.5ISS70

ICOs

187.5ISS54

ICOs

Vladimir Nikitin Hung Chih (Jason Hung)

Jeremy Khoo

Ismail MalikNaviin Kapoor

Anders Larsson Amarpreet Singh

147.8ISS

117.3ISS

110.8ISS

137.3ISS

112.6ISS

143.2ISS

112.4ISS

35ICOs

44ICOs

27 ICOs

35ICOs

32ICOs

43ICOs

33ICOs

5.1. Top 10 People of Blockchain

Page 18: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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#3#2#1Hung Chih (Jason Hung) Igor Karavaev Luca Cotta

394 290 89/100

142 117 83/100

488 240 84/100

149 113 84/100

480 167 88/100 224 84 85/100

231 148 89/100 580 186 90/100 374 130 89/100

Rating

Rating

Rating

Rating

Rating Rating

Rating Rating Rating

Reviews

Reviews

Reviews

Reviews

Reviews Reviews

Reviews Reviews Reviews

Weight

Weight

Weight

Weight

Weight Weight

Weight Weight Weight

#5#4

#9

#7

#8

#6Nathan ChristianDouglas Lyons

Paul Maers

Mofassair Hossain

Tyler Sanford

Nikolay Shkilev

5.2. Top 10 ICObench experts

162 161 83/100 Rating Reviews Weight

#10

Richard Kastelein

Page 19: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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Agency ISS #ICOs

#1 Coinzilla 253.8 92

#2 AmaZix 240.0 80

#3 MarketAcross 232.6 54

#4 ICO-TOP 165.2 48

#5 TokenSuite 154.0 62

#6 ICO Vortex 120.4 53

#7 Bountyhive 119.9 41

#8 ForkLog Consulting 112.5 18

#9 FoxTail Marketing 109.2 30

#10 ICOBOX 106.6 41

5.3. Top 10 ICO agencies

Page 20: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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6. ICO Market Insider

We have asked our top experts to comment on the market trends and give their forecast for the upcoming week.

Paul Scott

ICO AdvisoryDecentralization

Paul Cliffe

ICO advisorCrypto-asset and

ICO investor LibertarianCEO of Block Venture Project

8ICOs

2ICOs

The quiet period of summer is upon us and we are experiencing the usual calm before the storm. Token sales have entered that slightly scary period where founders, teams and advisors are working incredibly hard to get contributors interested in their offering and excited about the amazing technology they are building and much of what we see coming into the market is quite amazing.We are also seeing the advent of projects in industries where successful projects have gone before them. Areas such as financial services, healthcare, platform/exchange development and AI are all becoming quite saturated in market terms, and I wonder how many more remittance products (for example) that are not extremely targeted and with a deep technological edge at their core the market can withstand?This said, there is something about projects that have proven technology behind them that massively appeals to me. If you have been even modestly successful in the Software as a Service realm, and you’re pivoting to blockchain technology, your capital raising via token sale stands a really strong chance of being successful. Couple this with a proven team who have worked together for some time (and most preferably since stage-up stage) and you have what I believe is a recipe for something very strong. Customers that pay for your services already are the true benchmark and I generally look at this as one of the first things to focus on when performing an assessment or due diligence.As we enter the fall months (in the Northern hemisphere), I believe the market has a chance to find its bottom, and the mainstream adoption we are witnessing, and will continue to witness, will indeed create the underpin to the technology (and by default the transactional necessity), to push the markets into new upwards trends. One thing is for sure, it will not be boring.

This week has been an absolute bloodbath for nearly every coin. But it is August and all markets tend to become listless whilst major players take their holidays, so it’s a case of ‘hodl and see’ whilst we ride out the rest of the month.From an ICO perspective, the advice I’d give to teams fundraising is cover every angle. Large investors are very quick learners and the avarice of the market last year has given people a steep learning curve. If you’re looking to raise a hard cap of $50m, you need a flawless whitepaper, a business plan with a business development and marketing strategy, target audience and projections. If these points aren’t considered, why should a family office trust you with their money? If you can’t prove a business case and how your project will create and/or fill a demand that isn’t catered for at the moment, why would anybody want to purchase your tokens in the first place? The FT were quoted as saying a lot of ICOs create ‘solutions looking for problems’ and, as much as I hate their condescending and bias coverage of all things crypto related, this is a strong starting point for all projects. Solve a problem with a worthwhile solution and the funders and users will come.This week, we’ve been working with our contacts to create a more favourable, less risk based solution to investing in ICOs, making the proposition more attractive for both founders and funders, so we could be seeing the start of ‘ICO 2.0’ if we can circumvent securities laws whilst doing so. If so, it could make ICO fundraising just that little bit easier for projects in future.

Page 21: ICO Market - ICObench Market Weekly Review 20 by ICObench (August 10, 2018).pdfICO Market Overview As a rating platform, we pay more attention to best ranking ICOs. Our evaluation

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Nikolay Zvezdin

CIO at Envinary

5ICOs

In the past few weeks we saw BTC breaking its resistance level and going as high as $8.4k, with later decline back to $7.0k and lower. Such price behavior identifies nothing more but a well-known fact that crypto-market overall is still in its infancy stage, when market can change its capitalization by >20% within few weeks and loose over $50bn in value (crypto-marker cap, excluding BTC) without any significant fundamental change. This market infancy brings nothing but substantial losses to unprepared investors, starting from attempts to participate in arbitrage trade, mine coins, invest in crypto-assets and invest in ICOs that have no fundamental value and are conducted just for the sake of conducting them; and significant returns to the ones with medium-to-high level of market understanding by benefiting from existing market inefficiencies and exploiting opportunities.ICO-market is of no exception from the above. Most founders lack a basic general knowledge of real business and care only about the U.S. Dollar / BTC / ETH amount raised while ignoring critical issues, some of which are as basic as Уif you raise X amount in X-token, how to transfer these funds to fiat currency legally and what taxes will arise for business? Will that be affected by the amount raised? Which bank will allow crypto-fiat transactions, that is reliable and will not freeze all funds per the request of financial regulator. Therefore, most ICOs are conducted with a logic why not to tokenize X and priced in a way Уwhy would it have any other price without any fundamental evidence or reasoning. That brings the corresponding results to unaware investors, and significant returns to the ones exploiting such opportunities. However, there is a hope for future. As most markets mature, so will the crypto-asset market, and global regulators are working hard towards that goal by implementing preventive regulations and necessary laws. Due to this, we begin to see the emergence of ICOs 3.0. When ICOs 1.0 started they were relying purely on in-house cooked Whitepapers and some basic marketing documents; ICOs 2.0 started to mask inefficiencies by using PR & marketing agencies, hardcore marketing techniques and bringing well-known people to the advisory team just for the sake of exploiting their name and popularity; ICOs 3.0 start to make real business, hire professional consultants and advisors for real work, establish real legal entities and abide regulations. However, currently less than 0.1% of all ICOs can be categorized as ICO 3.0, therefore, we are yet to see significant declines of market cap for most of crypto-projects which would benefit wise investors and bring lawsuits to the founders of raise-a lot-and make another ICO / raise-a lot-and forget about it projects.This is why, it is imperative for every investor to make an informed decision for themselves whether they are long-term investors, in which case they should stop paying attention to what the crowd and news say and make a throughout research of their holdings while ignoring short-term price fluctuations (as price is not the same as value); or they are speculative investors with necessary skills and capabilities who base their decisions on every single piece of available information and exploit all opportunities starting from mining to leveraged trading and arbitrage.

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