Back to >ICO.
Oh well, I'm going to quit watching this for a while. After all I was never in for just a quick flip. Even if the buyback is depleted the team has plenty of funds available in order to bring a good product to the market and that is all that matters at the end.
I feel the same way, I think they will rebound. I didn't invest in the ICO, but I am definitely going to take advantage of these prices.
Bancor didn't even start to work and quitters quit - that's kind of funny.
It's now Speculators vs Investors.
Once speculators are gone, investors will be still there and in the end they'll enjoy a bigger slice of pie, if the Bancor team will deliver what promised. Which I think they will.
This happens a lot in the world of equities as well - a fade after the release - the problem with these ICOs is that owners can pin whatever price they want based on their own objectives and NOT dollars and cents, like an IPO. It basically becomes anyone's guess - spin the wheel and try to determine a fair value.
My biggest steady wins on these coins are based on low supply and low price vs. peers, as well as a team that continues moving forward and communicating with the public, bonus public interest steadily working on the project. Things work out. Have a decent market cap but not nuts. Market cap is, after all, just circulating supply * price.
My worst? Hype. Lack of community. Stanford pedigree garbage. Tons of promises with nothing to prove it. I've been suckered into 3 of them now and they're all in the gutter. Lesson learned.
This particular team has a lot of interest in this and I'm chalking it up to typical IPO over-hype.
Bottom line: wait 3, 4 weeks (and when price is stable) and buy it if you believe in it (I do - they're making something easy which was before, very complex, and they have the community behind it). Give some time for the kinks to work out. Right now the rubber isn't meeting the road, though, and you have profit taking across the board overall. I can confidently say I'm done with ICOs, though, unless I'm getting a crazy multiplier on top of it all, or some other sure bet.