What do you think about Private Sale?
Now the new ICOs attach importance to private sale. They sell to big investors secretly. A small amount is left for Ico. The remaining amount is selling out. As such, there is an extreme hype in people like us. Quarkchain, for example.
I think they make hype like this. After selling a small amount at Ico, it is going to the market x3 x4. And those who buy in private sale sell at these prices.
I do not like projects that do this. I totally think they are doing it to attract big investors. Because big investors are investing between 1000-5000 eth in one go.
They do that because at the end of the ICO, the price depends on the private investor. They can create x 5 x 6 or higher, because when you go to trading platforms, the price depends on many big investors. Later, the project owners could sell some of their coins. That is my thought, as I participated in previous projects