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.
Off course private sales are held for the quick money raising. They also have the lower limits of 1000 USD or 1 ETH like that where investor like us who hardly invest few hundred dollars in them at early stages cant afford to do that. That is not just strategy to excite others to invest into it but also a way to show the rest of the community that they have raised enough funds and which means that they are doing great with their crypto sales. However we should be careful about all the hype investment as they can always lead to scams or fraud. I always wait until the main ICO where actual people starts investing as they come to know about its legality.