A lot of once-promising ICOs get dumped at some point. Some go on to recover relatively quickly, while others wallow at the bottom longer than anticipated. This can cause investors to decide to save what they can of their initial investment.
One of the top reasons why people sell is simply the need for cash. Many issues crop up in people’s daily lives to warrant an immediate need for cash, and sometimes this leaves them with no choice but to sell part of their investment.
It could also be that one deems another investment opportunity more promising and decides to liquidate parts of the original investment for another. Sometimes the project simply isn’t living up to expectations. It may be that the project team has not been following their outlined roadmap or not taking other basic steps that could excite investors. Such steps include not communicating enough, not seeking to or getting listed on big exchanges, and so on. Being patient is a virtue that many in the crypto world lack.
Price manipulation could also come into play, especially by the use of trading bots which are used by some traders. Investors who own significant quantities of a token are known as whalesand may be able to control the price or manipulate it to their advantage.
Full story at http://bit.ly/2wxHcyc
Source: CoinTelegraph
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