Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CRAIG] CraigsCoin | CLASSIFIED ADS ON BLOCKCHAIN | 5+ POD | ICO IS OVER!
by
dataMaestro
on 24/09/2014, 17:54:16 UTC
noobs?
Mmmmh, which is the sense to invest in a ICO, buy some coin @ X price, and just the moment the market open, you sell your coin lower than the price you bought!
Ok if you sell lower after a week, after some days, because it's dumping and you don't want to lose more, but sell just the right moment it opens it's very strange.
Is not a matter of be noob...imho



People are afraid of getting dumped on --- after all the scams, the mentality among a lot of people out there is "dump before you´re dumped on." I´m not sure you can blame these people for being skittish. I don´t think it has much to do with Craigscoin personally (the coins seems legit to me). It´s just a reflection of the kind of market we´re in these days.

The scams have really battered confidence in everything and people will bail at the faintest sign of weakness figuring, "dump first, ask questions" later. Kinda sad that legit coins are impacted by that.

If thats the reason for selling early, why even invest in an IPO where your coins get locked down for a week? lmao

I´m also trying to understand the rationale -- I think it´s something like, "oh, if it hasn´t boomed within the first 10 minutes, it´s gonna crash like most of this crap does. Best to bail -- better safe than sorry. Maybe rethink it later."