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Showing 9 of 9 results by Veddi
Re: Have any chance in the future recent IEO will be like as scam ICO?
IEO is just a wrapper for an ICO. Same risks. A scam project can pay the listing payment and can still scam you. It also can happen to new listings listed by Binance.
KYC is done by retarted people. Just ask yourself, would you give away personal data to a stranger in real life? I hear 100% NO.
Do KYC only for fiat transfers from exchanges, where it's requested by government laws.
KYC-Apes get paid peanuts, lol. Sorry, apes are smarter.
Do KYC only for fiat transfers from exchanges, where it's requested by government laws.
KYC-Apes get paid peanuts, lol. Sorry, apes are smarter.
Re: All ICO driven altcoins will drop to zero in the longterm. Just by logic.
this is a good post and in simple terms it's correct, but any serious ICO-funded projects, wouldn't just dump all their tokens?
it's the same as going bankrupt or something, there's hardly volume enough for 99% to sustain a dump, and when dev wallets start dumping, all trust is gone
it's the same as going bankrupt or something, there's hardly volume enough for 99% to sustain a dump, and when dev wallets start dumping, all trust is gone
No, don't misunderstand. A serious ICO project don't get fiat money to sustain business, they need to get it with selling tokens. No need to dump all coins or tokens immediatelly, just enough to pay monthly bills. But it's a question of time until the company has no more tokens left. This is the problem. Let's suppose that a specific ICO with good tech behind will grow and will earn fiat money or pushed into a real IPO. Then tokens are worthless anyway. Token holders won't get any shares from holding tokens, and IPO leads to stock investing. And if there is not a positive outlook, company goes broke - same problem, worthless tokens.
I need to dive more into the "utility" part of tokens, how they are in circulations, burned, utilized .... as some users exclude them from the logic path here, what I accept. From that point I include all tokens, which were only created to fund business. Those will definitely go to zero.
Re: All ICO driven altcoins will drop to zero in the longterm. Just by logic.
It´s completely clear that all Coins/Tokens will be valued zero. Why?
1) Because they are not securities. You don´t own any shares of the companies. You don`t get any dividends from their gains in the future (if any of them has the capability to earn FIAT money in the future).
2) ICO ... Initial Coin Offering, it´s just an other form of crowd funding. What´s the main problem with this approach? You finance the companies business operations. They must sell their tokens to sustain running their business. Or do you think they earn money other than in cryptocurrency? No, they don´t. It will last until all tokens are sold, then this companies are down and out. Simple. You sit on worthless tokens. Scams are just the rapid version of this process. Would ever a venture capital company invest FIAT into their business? Zero price is inevitable.
3) Point 1 and 2 are not clear for many users here ... It´s a big pump and dump scheme. Greater fools theory, not more not less.
Now I want to hear your opinions. We don´t talk about Bitcoin here, just about altcoins.
Based on your logic, those coins that we buy or get in some way, you need to sell and hold them does not make sense, because their price will be equal to 0. I do not think so, because each coin has its own value, thanks to its technology, which is supported and enhanced by developers.1) Because they are not securities. You don´t own any shares of the companies. You don`t get any dividends from their gains in the future (if any of them has the capability to earn FIAT money in the future).
2) ICO ... Initial Coin Offering, it´s just an other form of crowd funding. What´s the main problem with this approach? You finance the companies business operations. They must sell their tokens to sustain running their business. Or do you think they earn money other than in cryptocurrency? No, they don´t. It will last until all tokens are sold, then this companies are down and out. Simple. You sit on worthless tokens. Scams are just the rapid version of this process. Would ever a venture capital company invest FIAT into their business? Zero price is inevitable.
3) Point 1 and 2 are not clear for many users here ... It´s a big pump and dump scheme. Greater fools theory, not more not less.
Now I want to hear your opinions. We don´t talk about Bitcoin here, just about altcoins.
Ok, let's divide utility tokens from the big rest. No utility means 0 in long term. Even utility doesn´t guarantee value if technology behind the project won`t be adapted by the mass.
Re: All ICO driven altcoins will drop to zero in the longterm. Just by logic.
So you think all icos are scam? I understand this from your thoughts. We can not think of all projects in the same context. Some of them are honest and doing their job. And they work really hard.
I said that a scam ICO is just a faster progress of dumping token money than a non-scam initiated ICO.
And even the legit ones are honest and work hard, they still need to pay workers. Guess how!
Re: All ICO driven altcoins will drop to zero in the longterm. Just by logic.
Whales swapping coins ... interesting aspect. It´s true that no fresh money is entering the markets (no way for big pumps actually, except manipulated ones - the famous bart pattern), so they trade internal by cryptos only. Whales are winning this short term trading game too.
People who don`t believe that, should just think about what is technically possible. Data is gold!
KYC is a piss take. Whoever is giving his identity away is just dumb and is "non compos mentis". KYC on crypto to fiat transfer. It´s ok, but not for bounties, ICO registering and withdrawing crypto from services (exchanges).
KYC is a piss take. Whoever is giving his identity away is just dumb and is "non compos mentis". KYC on crypto to fiat transfer. It´s ok, but not for bounties, ICO registering and withdrawing crypto from services (exchanges).
All ICO driven altcoins will drop to zero in the longterm. Just by logic.
It´s completely clear that all Coins/Tokens will be valued zero. Why?
1) Because they are not securities. You don´t own any shares of the companies. You don`t get any dividends from their gains in the future (if any of them has the capability to earn FIAT money in the future).
2) ICO ... Initial Coin Offering, it´s just an other form of crowd funding. What´s the main problem with this approach? You finance the companies business operations. They must sell their tokens to sustain running their business. Or do you think they earn money other than in cryptocurrency? No, they don´t. It will last until all tokens are sold, then this companies are down and out. Simple. You sit on worthless tokens. Scams are just the rapid version of this process. Would ever a venture capital company invest FIAT into their business? Zero price is inevitable.
3) Point 1 and 2 are not clear for many users here ... It´s a big pump and dump scheme. Greater fools theory, not more not less.
Now I want to hear your opinions. We don´t talk about Bitcoin here, just about altcoins.
1) Because they are not securities. You don´t own any shares of the companies. You don`t get any dividends from their gains in the future (if any of them has the capability to earn FIAT money in the future).
2) ICO ... Initial Coin Offering, it´s just an other form of crowd funding. What´s the main problem with this approach? You finance the companies business operations. They must sell their tokens to sustain running their business. Or do you think they earn money other than in cryptocurrency? No, they don´t. It will last until all tokens are sold, then this companies are down and out. Simple. You sit on worthless tokens. Scams are just the rapid version of this process. Would ever a venture capital company invest FIAT into their business? Zero price is inevitable.
3) Point 1 and 2 are not clear for many users here ... It´s a big pump and dump scheme. Greater fools theory, not more not less.
Now I want to hear your opinions. We don´t talk about Bitcoin here, just about altcoins.