Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [XEL] :: Elastic - The Decentralized Supercomputer ::
by
badinvesterguy
on 31/10/2017, 03:28:36 UTC
Not that this project turned out to be a scam and not worth investing any more. Absolutely not, it still has a promising tech and will likely reward investors in the long term.

But these recent events showed that it is not different from many others in terms of how the people who run it try to manipulate the market. They likely dumped into the news hype and will buy 3-5 times more with the same BTC in the coming months, then repeat the process until they own the majority of supply. Something similar was seen with APX recently.

It's not good or bad, just not different from 99% of crypto pump and dump schemes. This is how these markets work.

Also. The question is were are the devs? Have they updated a roadmap lately? Golem and sonm will keep growing.
Try to read some posts from the one above you, then you know the answer to both