Desaster in the making. 5000 BTC investing in under 24hours and 43 days to go. The 50000 BTC are likely to be broken in the timeframe and even 75k-100k seems possible. You guys know that devs then get 7500-15000 BTC in ethereum + the BTC itself. Also a yearly inflation that is enourmous at 50000 BTC raised....
So many people will get burned, it is really sad
So many people will get burned, it is really sad
It is an interesting scenario. On one hand, the coin is certainly unique, has professional coders and a ton of exposure. But the sums being thrown at it are getting scary. I wonder who will be left to buy it after the ipo is over.
It doesn't mean it still can't be profitable, as nobody knows. It's just riskier than I would have thought early on. Mining probably would make more sense than buying now, assuming someone already has mining equipment.