Post
Topic
Board Altcoin Discussion
Re: Successful ICO With No Buyback Mechanism
by
steveabrahams
on 17/02/2019, 12:55:50 UTC
Investors and bounty hunters are the one losing here, lots of projects that accumulated millions of dollars are worthless when they hit the market, no volume and price is down by 1000% if those coming ICO will not do buyback and the market continues to be bearish then it's all over for ICO and bounty hunters..

Your thoughts on this.?

Price dropping after hit the market is quite normal because most of them are from the bounty hunters that sold their tokens for fast money and also because of the project is still fresh and new. When the project hit or reach the roadmap, and the result is positive, the price of that token will increase so high.

Plan to buyback is good but i think it's only make the price go up for a short time, after the buyback done, the price will go down again.