Yeah ETH fall down in the last weeks and is the best method to take part of the 47 Bank ICO. All I have to do now is wait for my money at Coinbase.
But if ETH is down then I guess this is not time to buy. We have to wait for recover ETH, then we should buy FSBT. This is my personal opinion.
In crypto its more likely a new coin or low cal coins percentage increase will be larger than one of the big coins or thats what most people say basically coming out of an ico many coins see a 25-100% jump in price.... its highly doubtful eth will outperform that. So it basically comes down to if you think fsbt has more chance of jumping in value in the short term or eth. Waiting on eth to jump could also easily see you miss jumps in other coins including fsbt
Instead of first buying ETH and investing ETH for FSBT, we can directly invest our FIAT to buy FSBT tokens. This will save the huge commission for buying ETH in coinbase or similar exchanges.
The current system to exchange FIAT for altcoins is inconvenient for everyone (commissions), which is in contradiction with the motto of cryptocurrency; to remove the need of a middleman. Which brings me to why I sympathize with 47B ICO.
That is a good point made, it certainly is a problem the hassle of converting FIAT for altcoins with numerous amount's of fees from pretty much every exchange, removing the middle man will certainly be appetizing and ensure fees are kept to a minimum
I agree with you but the fees will even grow if we remove the middle man if the prices of bitcoin grows the price of the fees will grow too and also it is not always recommended to do it without a middle man.
Why do you think that the fees will grow if we cut down the middle man? It is the other way around. Don't see how removing the middle man can do any harm.
I was about to say the exact same thing! Fees go down when you remove middlemen, this is true no matter what we're talking about crypto or not, buying from wholesale brick and mortar stores is cheaper than retailers because fewer middlemen take a cut.
Im really excited to see more FIAT->Crypto entry ways as the fact that coinbase is basically mostly only eth or btc means that they will always remain the strangle hold on the industry, seeing other coins used as a fiat middleman especially if their tied to an exchange i find is a great move as it cleans up the FIAT->Altcoin process.