Quote from: cryptobits3 on March 06, 2018, 08:52:01 PM

Quote from: EverybodysGottaPrice on March 06, 2018, 06:07:54 PM

Quote from: waqasniaz007 on March 06, 2018, 05:51:15 PM

What happened with this token? Why price is dropped too much to 0.02?. Is there any bad news behind it?

OK, so one more time:
The token price dropped because Titanium was hacked, around 16Mio BARs were stolen (rumors say by a team member)
Then TBIS reacted instantly and told the exchanges to stop the Trading of BAR.
However, not all exchanges acted like IDEX for example, and really stopped the trading.
So therefore, uninformed people just saw the cheap price of the BARs on HitBTC or FatBTC, and continued to trade, thinking they now could have made a good decision buying these cheap tokens.

The truth however is, all BARs bought after the hack (21.02, 7PM), will be worthless, as TBIS has now forked / switched the old BARs to a new token, called TBAR.
Only investors who bought BARs before this incident happened, will / have received their TBARs in a 1:1 ratio.
(Those who had their BARs on an exchange, had to fill out a form from TBIS to get their TBARs on the exchange, the others with BARs on their wallet got the TBARs automatically)

To sum it up: Everyone who bought BARs recently, should better sell them, to not loose all the money.
The current BAR token price on CMC doesnt reflect the real value of the token.
We will see the real token price, when trading of the new TBARs will start, within the next few days.

thank you for the news, but at first in shock was when there was such a discharge of tokens, but that's the situation.
Has already received TBAR waiting for exchanges

It doesn't even help anyone to encourage to sell those worthless TBARs because the person buying those worthless tokens is as fucked up as the person holding those worthless TBARs. Bottom line, that hack made a lot of people lose money and someone usually should pay for it. In my opinion it's the business that lost the money in the first place, which is Titanium. But that is a step we all don't want as original holders. It's just so bad.