Post
Topic
Board Altcoin Discussion
Re: IOTA - the scam is being pumped hard now don't fall for the trap
by
cryptohunter
on 14/06/2017, 09:58:23 UTC
OP seems to have no clue what he is talking about. ICO was announced in this board publicly, but back in the days ICOs weren't that hyped, hence not a lot of people took a risk in investing.
Here are some hard facts about its distribution.

https://altcoinspekulant.wordpress.com/2017/06/11/iota-an-update-on-token-distribution-and-exchange-launch%E2%80%A8/

 

Errr NO

You have no clue.

All other ico's at that time were ADVERTISED and raised magnitudes more. How about that fact? Hyped?? the point is usually to advertise them so you get more development funding. However this was not the aim of iota since this

The point is not to raise much so the distribution is tiny. Do you not understand?

If the distribution is tiny then you can manipulate the entire market?

I'm sorry this is not clear but do your research and you will find what I say to be correct.

Start with comparing to eth, lisk, maid, amp, all other icos before and around that time. That were advertised.

I can't argue all day about this I am merely warning this is a self enriching scheme for those handful of insiders who got in on this.

If you want to buy it at 1.8BN be my guest.

This material has been covered at length in many previous threads. The outcome is always the same. It was under promoted on purpose to ensure max manipulation upon release.