Re: [PRE-ANN] WAVES. Ultimate crypto-tokens blockchain platform.
Who bought all WAVES' last 2 days. It's unrealistic amount of money comes from somebody.
Noticed that as well. it got into me taht it must be a big whale. my waves were down to 30% due to that sale. i wonder who.
They probably see the waves to have a real good potential in the later months.
http://blockr.io/tx/info/94f00df93d616b96de3423e15e62b4331ab37723b843a0180efe982de6984836
You can check the escrow transactions. Looks like someone invested 866BTC over the weekend...
Escrow transaction history - http://blockr.io/address/info/3DWBSSAue32YS8PcW2gLs6m52BCCv3UgDA
Is this a good thing or a bad thing?
Waves investors are exuberant today but if the ICO goes too far too soon, then those same investors might sell when trading starts. Alt coins often go down in value as soon as general trading begins. I don't know where the price will go, but it seems like this extended ICO period increases the risk of early dumpage.
Could you explain why do you think an extended ICO increases the risk of early dumpage.
There is a lot of excitement these days about ICOs, and with the big run up in Etherum prices this year, lots of people are flush and are looking for the next big thing to invest in. http://cryptohustle.com/are-the-crypto-markets-in-an-ico-bubble With all of this money going into ICOs, people are expecting a big return and are waiting to sell when the price rises. With this long ICO period, some people will want to sell their waves on the first day of trading, and if the price starts to sink, investors are going to sell. It could be snowball effect out the gate. That doesn't necessarily predict the long term price of waves, but I've seen lots of coins sell hard on the first day of trading. Waves has an ICO lasting 6 weeks. That means lots of speculators have plenty of time to get in. The more people are involved in waves ICO speculation, the more likely someone is going to sell as soon as they can, and that could lead to cascade of falling prices.
I'm not saying it's going to happen. I think a lot will depend on BTC prices and the health of alt coin markets on the day that waves start trading. But definitely with this looooong ICO there is a risk of price plummet.
Thank you for such attentive explanation .I understand what you've said and it makes sense. I just don't think it's a problem or need to worry about. More people involved means wide distribution what is positive by all means. And selling something at the opening if price is reasonable is normal and necessary thing to do ,to get your risk covered .But that is done just by tinny fishes because to do it for whales wouldn't make any sense(you can see it from trading volume) .So for the price to fall at the beginning is very positive-it shows that asset is not concentrated in one of few hands but distributed at least a bit wider.
Wonder if it makes any sense?
