Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
by
BigCat45
on 21/02/2016, 20:14:45 UTC
Before I trow in some salt around, I must say I will probably exchange all of my XCR to LISK. I do not want to or I have too, but there is a reason for XCR to tank in the end as I think, and this is why.

What would you do having millions of XCR and full understanding how it all works, plus you out of money and all you've got is coins with virtually no support on the exchange?
Well, I would make another coin out of the old one, set exchange rate at twice the market price, extent ICO for a VERY long time and slowly dump all XCR I've got below exchange rate. A month should be enough.

In the end I would get a lot of my new coins (of cause), BTC from selling old coins, my XCR returned back to me (heh) and don't forget BTC and ETH I would of cause accept for a new coin.

Sounds familiar?

My assumption is that all that XCR dev team (of 2) will get after ICO, will be slowly dumped on the market, thus erasing any value of the coin. That is why I see only 2 roads here as of now:
1. Try to sell all I have at 1200 or as close as possible
2. Convert to LISK and see how much it will pump.

No matter what you guys choose, I am pretty sure both guys are going to grab a lot of dough. Will they spend it to promote their coin? I am inclined to think so.