Hello guys, how do you guys feel about the current market situation, and how do you feel about the overall CAP?
It seems to have dropped significantly in the last few days?
It seems to have dropped significantly in the last few days?
I dont think this going to negatively affect forty seven bank. Infact this will affect in a positive manner as FSBT tokens are priced in ETH. I did not check the progress today. I guess and hope it is also moving steadily.
Yes exactly so as ETH dips in price investors will be able to buy more FSBT tokens in relation to the value of ETH in fiat.
Like I said its a dip in the market and I'm sure it will pick up again in the next couple of days.
This dip we are currently in is extremely short term, markets have been down for about a month and considering the last 6 months we have had the dip was long overdue.
Guys I think FSBT price is fixed against ETH. Price movement is not going to affect number of FSBT token per ETH. This is what I understood.
1 ETH = 254.4 FSBT. So can someone explain how this low ETH price will give us more FSBT? I need this info as I am going to buy some FSBT.
Well ETH moves in value like any other crypto in relation to fiat.
Most people track their altcoins price in fiat, its just the way it works.
If 1 ETH costs $850, then 254.4 FSBT will cost you $850.
If 1 ETH costs $1000, then 254.4 FSBT will cost you $1000.
I hope this makes sense and why you need to time your 47 bank investment well.
This is a very good explanation of the locking mechanism in ICO investments.
Just like cryptossi said, FSBT tokens are locked in ETH, whereas in other ICO's you can also see the locking in USD.
Giving the frequent instability of price movement in crypto market, this is really away to cub out uncertainty in the future that may result from a drastic drop in price. Thanks alot for the break down free
Because I am holding 47seven for long time and I'll be keep invested my amount. Because I know 47seven have bright future.