I count it as a loss because even when trading begins the price will not reach 9x its current value. That's roughly what has to happen for me to profit even a little. I've held coins for periods of over 1 year(I have 3 coins right now I've not touched for that long), and I may do that with this coin. All I said is right now its a loss and I will probably exit early to minimize the loss. I have a shit ton of stuff going on and the ICO was taking so long I honestly didn't keep up with it. I have 3 other ICOs i'm already involved with, this was my smallest involvement. Every ICO i've been involved with has made me money accept this one. It happens, so what I'm not fucking married to the coin as you seem to be. I hope this coin and tech succeeds, its great for developers! I'm just telling you I'm not sticking around.
I must be doing something right considering I invested $2500 about a year ago and now hold just over 58 BTC and 5 GPU rigs completely ROId. I do have a degree in mech. engineering, so I can't be that stupid... Care to continue with insults or do you have anything else?
You just looked at your tokens and thought you got free money...
The one guy calculated the time stamps for you and it's all golden, but you got into your head that you were already getting all this free money.
If you put ANY money into this ICO, I would bet money it's going to triple. Just look at any other decent ICO's so far. So there's no way you're going to lose money. It doesn't exactly make sense that you'd have to have
ANY token go x9 in value to make ANY profit...wouldn't you just need 1.5x or so?....While I agree with them, it's your fault for thinking you'd get
THAT many coins for such small amount of capital, I also know that when I pointed out that other ICO's have run smoothly, Hhampuz got bitchy with me too...and all of a sudden is talking about how all these flaws that I bitched about are normal and just get over it or read a little lol.
You were very dumb for thinking putting in that much money would get you that many tokens at ~.76 cents a token likely when they hit the exchange...if you put in $X and you see tokens are ~.76 then you literally told yourself you got FREEEEEE money and have now been counting on that...and just the whole logic of you need it to go 9x to get any profit?...not following that one unless you're counting the price of I guess the fake wave assets that are like .02 or whatever the guy posted.However even if you were dumb Hhampuz is
very passive aggressive. Very douchey.Totally agree with you. Apparently, Hhampuz is an advocate of the team.
The distribution method is definitely bad and untrustworthy, even if they said they had stated it in the white paper.
For a successful IPO, the most important thing are trustworthiness and transparence.
You could use a time-stamped method, however, you should indicate the price at the same time, just like Storj did. The investors could figure out their coin amount easily and no dispute would arise.
Or you could just use a bitcoin or Ether alignment method, and the investors could figure out the coin amount easily.
For the method the Mobilego chose to use, the investors have to rely on the calculation of the development team.
Why should a decentralised project rely on a centralised calculation?Are the team really trustworthy?For me, the time stamped method is just a trick they played on us. IF the price of the coins goes up, they will take the profit from the early investors. The problem is , if the price goes down, are they able to compensate the shortfall of the devaluated coins? Of course they will not. The only thing they could do is moving value from investors to them.
That is to way, no matter how the price goes, they would easily make money from the information asymmetry.
! I wish there was a way to up-vote a person or give them reps - your prompt response certainly deserves it !