Topic: A tin foil hat conspiracy theory on the recent Stellar Lumens price hike (Read 638 times)
May 08, 2017, 01:58:51 AM
That one month to go, and the number is stagger
May 08, 2017, 01:47:19 AM
More info here: https://www.stellar.org/blog/bitcoin-claim-lumens-2/
May 08, 2017, 01:17:48 AM
On June 27th, 2017, 16 billion lumens will be given away to Bitcoin holders. This amounts to $856,464,000 USD worth of lumens at today's market value.
Where can I find this giveaway? Could you please provide me with a link?They have incentive to pump Stellar so that their portion of the giveaway coins will be worth much more when the time comes.
It is hard to believe these will not be dumped on greater fools once they are given their unproportionally large amount of Lumens for free.
I mean really... Stellar is pretty much Ripple minus the large amount of banking partnerships. How much value is really there, and how could that perceived value reasonably cover the recent price surge?
IMO- buyer beware.
If what you're preaching is correct about that giveaway, then this is almost a certain outcome. Stellar should have no value whatsoever and Ripple isn't a cryptocurrency anyways. It is a privately issued token. It is hard to believe these will not be dumped on greater fools once they are given their unproportionally large amount of Lumens for free.
I mean really... Stellar is pretty much Ripple minus the large amount of banking partnerships. How much value is really there, and how could that perceived value reasonably cover the recent price surge?
IMO- buyer beware.
May 08, 2017, 12:40:40 AM
On June 27th, 2017, 16 billion lumens will be given away to Bitcoin holders. This amounts to $856,464,000 USD worth of lumens at today's market value.
https://www.stellar.org/blog/bitcoin-claim-lumens-2/
I speculate that one or more Bitcoin whales are pumping Stellar in advance of this giveaway.
They have incentive to pump Stellar so that their portion of the giveaway coins will be worth much more when the time comes.
It is hard to believe these will not be dumped on greater fools once they are given their unproportionally large amount of Lumens for free.
I mean really... Stellar is pretty much Ripple minus the large amount of banking partnerships. How much value is really there, and how could that perceived value reasonably cover the recent price surge?
IMO- buyer beware.
https://www.stellar.org/blog/bitcoin-claim-lumens-2/
I speculate that one or more Bitcoin whales are pumping Stellar in advance of this giveaway.
They have incentive to pump Stellar so that their portion of the giveaway coins will be worth much more when the time comes.
It is hard to believe these will not be dumped on greater fools once they are given their unproportionally large amount of Lumens for free.
I mean really... Stellar is pretty much Ripple minus the large amount of banking partnerships. How much value is really there, and how could that perceived value reasonably cover the recent price surge?
IMO- buyer beware.
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