Re: [ANN][Blocknet] The internet of blockchains | XBridge

Block is the worst ICO?

Quote from: mr_random on November 12, 2014, 06:35:56 PM

Quote from: ndrog on November 12, 2014, 06:17:34 PM

Do you guys think we have reached our final floor (price wise)?. Up trend from here onwards ??

No way to know.

I invested in the Maidsafe IPO (a lot of money actually... 100 BTC). And it immediately dropped 50% after the IPO finished (mainly because some people could buy the Maidsafe Safe coins for much cheaper). I posted three messages to the Maidsafe team about this and then just forgot about it.

6 months later the price has been steadily rising as more tech is slowly being unveiled. And I believe I am now 50% in profit. Maybe even 60% when I factor in my discount.

Moral of the story is to not worry about the price in these IPO's. If you believe the team will deliver the tech, the price will rise sooner or later.

Hard to say on the floor. But I definately dropped my entire Blocknet investment a few days ago as things started to slip. I intend to buy back in. All I can say is I am glad I dropped early, because price is already 30% less then the ITO price. Like a free 30% discount for me. Unfair to everyone else, but the whole ITO thing was not really a real ITO, because people able to hold shares before the end of the offering.

Most of the people buying were doing so for the investment into the building of Blocknet, not to make immediate profit. Buying on the immediate drop was also expected and thus not everyone bought at the top, but positioned their fiat at bottom and held (and continues to hold) for the floor. How trading really works so is nothing new imo.