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.
That's good idea Ganeshramk has suggested. 47Bank have kept some other payment methods like VISA/Master card so why we should use our another crypto currency options and spend extra money to buy ICO. It would be better if we should use that another payment method.
I have tried to buy FSBT with Credit Card, but for about 1000 I have to pay 5% commission for credit card, 5% commission for Paybis and addtiononal 0.19 for FSBT.
So for 1000 I only get Token with a value of 899,81 or 323.78170801 FSBT.
That's the problem with buying on credit cards, there is a high interest and with such a volatile market this is why Lloyds Bank have cut down on credit cards due to this matter, people investing in a volatile market and losing money, along with paying the interest on the card.
When I use credit card, I just use it for making my transactions easier and won't take it as loan. I also repay this to the creditcard company in 1 or 2 days time. In that way, its only some commission we pay it for the exchanges. Its applicable for all cryptos or even outside crypto to save this interest cost. If we do like that for FSBT tokens, it will not be that expensive.
That is a sensible and smart move to be able to use the credit card for cryptos, if you're paying it off within 1-2 days you wont be paying much interest at all, and only inccur the inital deposit fees which isn't too bad.
Interesting times ahead though with Lloyds Bank stopping cryptocurrency purchases with credit cards.
A good idea for some more publicity and investors, it may be a good idea to get some more promotion on social media, such as twitter/reddit.
I haven't seen a great deal on the twitter front for 47bank.
I think it will certainly help raise some more funds for the main sale