Price of Lykke shares will grow exponentially as soon as they allow leverage. A lot of traders are looking to trade anonymous hiding from their governments and banks, yet they need leverage to grow wealth. I think they still need to send document id to withdraw to bank in lykke right? Although they can deposit with bitcoin and exchange their bitcoin to usd to trade, then back to bitcoin the moment they want to withdraw. What anonymous traders are really looking is a dollar-pegged coin to trade.
I hope they add leverage soon because simplefx basically do the same but they don't have a dollar pegged coin like lykke. Maybe simplefx will add USDtether and it could steal potential costumers to lykke, currently simplefx anonymous traders can only trade with volatil Bitcoin or litecoin.
I have my doubts about lykke, I been a forex trader since years and years. How do i know they will not manipulate the market? I mean are they going to be true ECN broker/exchange?
I don't agree with you, Lykke itself is overvalued, if I remember correctly, their angel round lykke price was 0.01 chf, but they sold it 0.05 chf to us in the forum. It is unfair, that is why price is not pumped, angels will dump if whales&noobs pump.
Angel-Investors are usually early supporter who take a much higher risk. They invest before the most important steps are done, very often "just" in an idea. The ICO on the other hand was done on Lykke when it already was a working platform and after they've released the trading App.
And if you look at the progress since that time: I don't know of other projects that are so fast in development and show that much progress in all important areas.
That being said: When it's about the price, there can be a lot of different opinions and it's about a lot of aspects. One is Bitcoin for example. If you look on the charts of other projects - the rising BTC-price was constant pressure on nearly all others. Most important in my opinion is: Lykke is not that known yet. It's growing of course but the real increase of users and customers and Investors will happen once Lykke will be accessible over the Web-based-terminal and once it's fully licensed in the USA, once the platform is fully developed etc. And there is much more to come. It's just not that easy to imagine how and how fast Lykke will change in the coming months.
My impression is that many, maybe even a majority, believe Lykke is small since the most visible and experienceable part is the App, and many seem to focus on what's not possible yet. But if we compare Lykke to other projects with similar goals - it's far ahead and much faster when it's about progress and most important: It's real quality and lead by professionals. The team itself is worth many millions. All together they must have hundreds of years of experience and expertise.
Plus: If you think about the price and imagine how it would have reacted on Poloniex on all the news - it would have pumped for sure. I believe it would be much higher now. But would it be better if it would have been a pump-and-dump-game? Lykke is a serious project with a long-term vision - no hype. That means: First it needs a base to go further. And Lykke only starts here but will go beyond Crypto, will connect between "both worlds" (Crypto and established system).
Some may think it's overvalued. But I believe it's an opportunity, especially for us Crypto-Guys because they start here. And they do that because they know that we understand the potential of Blockchain. The "negative-side" may be that Crypto is very often about different kinds of projects: Unprofessional hypes with only one sense: to be manipulated Pump-and-Dump-Schemes on Crypto-exchanges, and just btw: the majority loses like Gamblers in a Casino.
Maybe now much cheaper to buy than the token during the ICO company?
