So what do we expect the price to be when BNT's exchange is up or if BNT hits other exchanges? And how soon?
It will fair expectation of seeing at least $10 for the token from the starting day on big exchanges. It was sold at about $4 per token and double value will be normal following the current trend in which every token went few times higher than offered price in ICO.
Kinda scary to be honest to see ICOs nowadays instantly double your money.
House of Cards being built...
How To Make E-Z Money:
Invest In ICO
Double+ Up (Take out money)
Invest In Another ICO
Double+ Up (Take out money)
Rinse and Repeat.
Like it didn't happen in Silicon Valley
Yeah but instantly doubling or quadrupling your money in literally days. Insane. I'm not complaining though.
Just learn to GTFO fast when the
dot.com ICO bubble bursts.
The ICO bubble is the perfect way to go from x to 100x in a matter of few months. How long this can sustain is another question.. People are going after each and every new ico regardless of whether it has potential or not. Funding obtained is unbelievable.
There's three ways I see the bubble popping and all would crash the entire market, not just ICOs. But I'm sure some coins would rise from the dust after.
If old coins die, and money shifts to new ones, no problem, but if each remain at the levels they reach than real backing is spread thin and falls short of catching it before it faceplants. This is what most think will happen, but I don't see this scenario happening before either of the next ones.
5% of the coins being traded is what sets the price, and 5% immediately dumped tanks the market. That being said, if an ICO raises enough, money is sucked off the market making support vulnerable, and given to one group who could decide to dump immediately to fiat and there goes the market. Killing the entire market immediately in this manner would need 1 billion USD raised and dumped. This is immediate - half of that could probably kill it by market momentum.
If an ICO that raises a lot of money and decides to only accept funds in a currency other than BTC or ETH right now, which would pump an investment on the side for them (very likely to happen), the major loss of funds from the big players would make the entire market vulnerable, and would fall like dominoes.
