Re: [PRE-ANN] WAVES. Ultimate crypto-tokens blockchain platform.

the question is what happens if WAVE hits the markets at 50% of the ICO price.

Exactly. As I watch my proportion of waves shrink every day, I imagine more and more fomo investors climbing on board the gravy train. This ICO is lasting too long. How impatient will the investors be when trading finally starts? Then people will realize: waves is vaporware and won't be mass marketable for years.

These are also my concerns. I don't want to spread FUD, quite to the contrary. I simply ask this question loud, trying to ignite a discussion what the others think about such scenario. I know there will be fan boys coming at me en masse, screaming that this is not possible, but I accept to pay this price.

Counter question: Give me an explanation to why this should/could happen?

For me it wouldn't matter at all. I am in because of the long-term potential of the project. If the price rises in the short-term it's nice, if not I will start buying low Wink

Easy. People who acquired many coins and want to get more would push the price down to create panic selling in order to get more coins at cheaper prices. Many ICOs have seen that.

What's the point for people who acquired many coins to push the price down (read- to reduce his wealth) and risking that the price will not recover and he will loose everything?

Sure, that's the risk in short selling. But the big dumper hopes to create a panic sell. The big whale starts with 100 tokens, dumps them, hopes others will follow, and buys back cheaper coins and has a new total of 125 tokens. If the price picks up again, well the whale just made a 25% bonus. It happens all the time on the big exchanges. There is no guarantee of the price going up or that others will start selling, so that is the risk involved with this kind of shorting.

Wouldn't the whale dump way more than that? Like 10k tokens to cause a panic sell?