Post
Topic
Board Altcoin Discussion
Re: Is it worth going for me?
by
wozzek23
on 14/07/2020, 09:32:56 UTC
They recently made a Turbo sale, which was below 1-2 cents from actual exchange price and it was sold out within 1 hour. So unfortunately, there was no opportunity for me to think or do anything.
Please do not get yourself deceived by this kind of promotions by devs. These are all simply the traps for investors and also for generating hype by hitting in to crypto magazines.

Why someone need to sell their assets for lesser than exchange prices. I just wonder this way they might be getting more safer method to dump their assets rather than selling in open markets. Because if you keep selling in exchange then you cannot get continuously same price which will be definitely lesser than 2 or more cents after some big round of selling. So, promoting like lesser than 1 or 2 cents must be a high level of trick to sell.

I wonder why they took one hour? I mean when they plan to buy themselves, they can finish it of within 5 or 10 minutes which will again get them more hype how some ICOs tried same thing by 2018 (they start an ICO and will close it after 10 minutes by saying they have raised targeted 10 million dollars but that project right now is dead and not listed anywhere).