Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Lykke - a global marketplace
by
tempus
on 20/11/2016, 17:02:13 UTC
I just regret that I invest Lykke on ICO. Now it's almost 30% cheaper ^^ but I'm sure that it's a great project and when my other coins will give me money I will buy much more Lykke

Ha, ico is risky, and their original price is 0.01 CHF, but if you bought 0.05 CHF, who can save you? Noobs always lose money in crypto.   Grin Grin

Always funny to see newbie-accounts speaking like that. Are you that new to Crypto or was there a reason to re-start with a fresh account? ;-)

But, I basically agree. ICO's always are a big risk since they usually are about new projects and it's never sure how a project plays out over time. This ICO at least always gave choice since it always was possible to sell back. And the reason why the price of LKK is below it's ICO-price is not disappointment about the project, or a reaction on a lack of progress how it's often the case in other projects. It's a reaction on the rising BTC-price.

The unusual situation of Lykke also may play a role since Lykke is it's own exchange and LKK is not a Poloniex-gamble - that would bring more attention of course. But I personally am not concerned and my prediction is: I won't lose money with this.


Btw: One year ago in September Factom launched on Polo. The price went below it's ICO-price short after launch and "nobody" seemed to care about Factom at all. The daily volume was below 5 BTC very often and there was some complaining about it on their thread. I bought whenever I had money and my cheapest price was 0.00018 BTC. The price right now is 6 times above ICO-price (which was 0.0005 BTC) in BTC and much more in Dollar, the ATH (0.008) was more than 10 times of the ICO in BTC (and, again: in Dollar it's even more since BTC is also higher).

What I want to say with that: Those who sold their Factoids below the ICO-price one year ago also were those who lost money - noobs how you call them. Those who bought and showed some patience made a lot.

Exactly that potential is why I bought into Lykke. I focus on projects I consider as pearls before a majority pays attention.