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Showing 9 of 9 results by malweyer
Re: Hypothetical: $10m ICO with 1m $10 tokens, or $10m ICO with 1b $0.01 tokens?
You are correct the marketcap is the same, but it will make a difference.
You can find multiple new threads every day on these forums from newbies that don't understand marketcap, talking about how "penny coins" are cheap because the price is so low, completely oblivious to the billions of coins/tokens there in circulation. If you launched an ICO charging $10 for a token, a lot of newbies would say it's overpriced, regardless of marketcap or circulation.
And the use case of the token has never matter in ICOs before - morons will throw their money at anything with a nice website, even if it is a complete ponzi piece of trash scam.
yes ppl will prefer to buy cheaper token, no matter how scam the project, coz ppl already saw many get 7-10x profit with that kind of token.
fact is fact, those cheap tokens have higher chance to give you lambo in short time than top 10 coin/tokens
psychologically easier to buy 1,000 $0.01 coins than 10 $1.00 ones. i think retail investors prefer that
Re: What kind of trader are you? Active? HODLer? Somewhere in between? Why?
I try to refrain from trading because it's roulette and the chances of guessing are very small. but sometimes when the market falls strongly, I try to make money on it and often it turns out not very bad
What do you use when the market is falling? Are you shorting, or just selling what you have?
bitmexx lets you short, but their systems suck and will lock you out as soon as there is serious volume
Re: What kind of trader are you? Active? HODLer? Somewhere in between? Why?
active and i use binance to trade 4h timeframes. if you set aggressive limit orders during low volume periods a lot of the time you can catch the momentum of big swings. mostly stay away from non-top 50 tokens though
I don't see anything common between cryptocurrency and securities. Cryptocurrency is not dependent on the financial performance of any company. The Cryptocurrency does not give investors any rights. Maybe some tokens might look like securities, but it's more like an exception.
howey test:
>'there is expectation of profits from the investment'
...
what cryptocurrency trader is buying tokens without expecting profit?
I don't see anything common between cryptocurrency and securities. Cryptocurrency is not dependent on the financial performance of any company. The Cryptocurrency does not give investors any rights. Maybe some tokens might look like securities, but it's more like an exception.
then how can you reconcile that with the fact that they are marketed as things that gain value proportionate to a company's success?
...
What do you guys think?
What do you guys think?
I think lawyers suck donkey dicks and the Securities and Exchange Commission should fuck off.
But then again they don't really care what we think do they?
true. but the reality is they have power so we should care what they think. the sooner everyone gets on the same page regulation-wise the sooner we dont have to have conversations like this
Now the SEC has decided that ETH is not a security.
However, ETH is part of altcoin, so I am optimistic about whether altcoin is a security.
i dont think eth is securitiy i believe last week we got a news that they deny crypto are security and it can be regulated as security. Meanwhile in korea they consider bitcoin as an asset. Maybe we need more time to determine what crypto isHowever, ETH is part of altcoin, so I am optimistic about whether altcoin is a security.
its true the line between "security" and "collectible" can be pretty thin in these cases. but actually regulations can be a good thing. less scam icos, more dd for teams, less dumb money funding projects that have no clear revenue strategy
most are, yeah. for it not to be a security there would prbably have to be a price cap/token, therefore a maximum appreciation. that way its more like selling a coupon (i.e. 65% discount on future transactions) than selling a stock (price increase with success of company).
i think OMG does this, but dont know many others off the top of my head.
i think OMG does this, but dont know many others off the top of my head.