Quote from: swainzag on July 15, 2014, 04:49:00 PM

Quote from: swainzag on July 07, 2014, 07:04:00 PM

Quote from: mamba on July 07, 2014, 06:29:16 PM

Quote from: swainzag on July 07, 2014, 04:05:30 PM

Quote from: ticoti on July 07, 2014, 03:57:50 PM

Quote from: swainzag on July 07, 2014, 03:55:38 PM

Quote from: leduc on July 07, 2014, 03:46:18 PM

because the trust about this coin is made on Bittrex name , not an anon Dev..

now they start allowing scam Ipo coin, tomorrow they will just use the hack lost coin argument...

if iceberg not a scam, then Bittrexs should express why they are supporting it.

All Bittrex is doing is holding the IPO so people do not have to send their BTC to anon dev BTC address. This way it assures that people will get the coins they paid for. Now.....after the dev gets the BTC from the IPO, that's when the fun starts and will determine if this coin will float or be a scam.

how can devs control if price goes up or down?

They don't. With an IPO it always runs the risk of being a scam. People are paying a dev for future development in a large lump sum of BTC. Let's say this IPO raises...50 BTC, and for whatever reason instead of putting that $32,500 into development of projects the dev just closes up shop. Now you have a coin with no future and with no dev and you expect the price of the coin to stay the same? It will get mined and dumped and the original investors get robbed. It has happened literally 100's of times in the last 6 months alone.

Now I am not saying that will happen here. The dev could have big plans and this coin could take off with support and IPO money. But, that's why it's always a risk to buy into an IPO.

Finally someone who talks sense.. Why don't people invest once its listed in an exchange and trades stable for a few days.
Want big returns or just greed? This IPO in particular is a total rip off and people don't realize it.. Once the mining is over, all IPO investors are likely to loose their money.. This is happening for pretty much all IPO coins these days and I don't see how this one is going to be any different..

Thank you. I see too many people compare coin IPO's to company stock IPO's before they go public. There is a huge difference here.....a company going public already has a business, support.....A PRODUCT. A coin has an algorithm and the dev's hopes and dreams of what his vision of the future of the coin. It's awesome to generate hype and promise the world to investors, but too many people put blind faith and just throw their money away. I would be willing to risk that ~<2% of all coins with an IPO have been beneficial to investors.....and it's usually the original ones that do, like NXT.

IcebergCoin on the surface is a 20% pre-mined IPO, asking 8000 satoshis per coin for those wishing to get in it. The IPO looking to raise 100 BTC ($62,600 in the dev's pocket) before POW even starts. The rest of the 5M coins will be mined within 7 days, and if the coin was to keep that 8000 satoshis per coin as value, after 12 days (5 days IPO, 7 days mining) this coin would have a market value of $313,000. Quite the value for a coin with nothing ground breaking and it's future developments claim to be - Anon-feature (not original), VoIP feature (will it be better than a free service like Skype?), P2P feature , Black Blockchain, and Democracy Blockchain. The Nist5 feature is beneficial....but PoW ends after 7 days, so how exactly is that VERY beneficial at all?

Those of you planning on buying into the IPO....can I ask you, what is the reason you think it's worth what the IPO price over established coins out there that are going for A LOT on exchanges? Before you call me a "troll" or a "fudder", throw me a reason because I'm just generally curious.

Now that the price has gone exactly where I thought it would go, I'll bring this up post again which I posted before the ICO started. People just never learn.

For people who don't think the DEV ran off with your money, I am quote my post AGAIN, I made before the ICO. The only post he has made now is about Cryptsy. I'm guessing he probably bought 10-20 BTC in the ICO.....because well..they were free to him and just wants to pump it up a little and dump what else he has. QUIT blind trusting devs with no public history! You are giving away your money!