Re: [ANN][Blocknet] The internet of blockchains | XBridge | true cross-chain P2P
Block is the worst ICO?
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.
In any case I have learned my lesson NEVER buy ITO unless dev's got already something going on..Now we have to wait on devs for I dunno how long
I suspect price might fall down all the way to 10k-5k sats (I am speculating) and at the end of the month have a price bump which should stay stable (After first development update). So in the next couple of months as Dan keeps on informing us of his progress, we should see more bumps & stabilization of price. Price will go above ITO original price & beyond once BLocknet is live & running (or maybe a month before project completion).
P.S we have a long road ahead
