Let's have another look at the distribution on bittrex:
- Top account now up to 3.37M neucon
- Second largest account has grown to 1.14M
Looking at the low volume they (the regime members) have to be the only buyers (way below ICO price naturally).
Coming October 23rd "approximately 5 million NeuCoins will be distributed".
Which is with high probability another lie. After the "user verification process" we can expect that less than 1M will be distributed to third parties.
Still this will put more pressure on the price -> ICO investors are even more f#cked.
The neucon regime dominates supply and demand but still has not disclosed the price they are aiming for. Every other piece of information they make public is old and repacked (copy-pasted), not important or imprecise/concerning the far away future...
At the current state the neucon regime produces millions of coins and buys back millions of coins at a lower price. Early buyers are being toyed with by the team. Price is completely artificial. Commitment of the team doesn't seem to exist. Their forum is dry and the couple of complete numbnuts trying to pump it or defend it there appear to be team members (I don't see any reason to believe that they are not fake as well).
Neucon: Where lies and incompetence go hand in hand.
I really believe they're losing money with this. It's obvious that they had to buy into the ICO and it's obvious that they have to buy on the exchanges. And the value of the first two wallets, even if we consider 3000sat (and they also bought higher) is 135 BTC. Cryptsy will be the same picture, so they had to invest roughly about 300 BTC just on the exchanges.
Plus: Costs for advertising and "articles", costs for Design and there will be some other costs... Impossible to know how much they payed, but all in all it will be most likely more than they had as real buying into the ICO.
And now it will be interesting to see what they'll do with the survey coins. If it's a lie with the 5 Mio, it will be visible that they just give out 1 Mio for example. And even if it's just one Mio they have to consider that some of these Coins (maybe >50%) will go instantly to Bittrex.
So... they're in a situation without a right solution. All the cheerleading can't change that.. it's not even relevant who is still believing. Because there is no sign that anybody is truly convinced. Even those who didn't think about dynamics out of the economic-design have understand it now because it's obvious on the market - besides some other issues.
Kind of funny are posts like this:
"There are a lot of people who viewed NeuCoin as a get rich quick, pump & dump opportunity and I think we're seeing that reflected in the price. The coin hasn't even begun yet and people are spreading a lot of FUD & negativity about the project."http://forum.neucoin.org/t/cutting-my-loses-mod-edit-this-is-a-long-term-investment-guys-this-was-not-buy-and-sell-once-launched-for-a-nice-profit-coin/1939/16He is right but also wrong at the same time. Because... the price alone is actually not that relevant. It's normal or at least not abnormal to drop after an ICO. But: First, the price is overvalued and would be much lower without selfbuying from the team. The economic-design can't work out. It's impossible to change economic principals and who ever believes, that will be better with more time is wrong. It's getting worse. But yes, there is a lot of FUD = Fear, Uncertainty and Doubt. But that's never the question. The question is if it's true... For investors with open eyes there are a lot signs to feel uncertain, to have doubts and to feel some fear if they invested too much, because there is absolutely nothing positive to see in any important aspect. I really tried to find something with quality in this project....
- Innovation? No
- Quality in technical development? No
- transparency? No
- Good communication? No
- Broken promises? Yes
- Lies? Yes
- Growing dynamic? No
- Strategy? Yes, but completely naive, not honest and flawed
- Good design? Yes
Design is actually the only thing I would consider as "pro". And the idea to get people in with some funny games is not that bad, but in context of the economical design it's in fact bad because it's just more inflation for the market.
"Once again, NeuCoin has been live for less then 30 days and it deserves more time then it is being given."http://forum.neucoin.org/t/cutting-my-loses-mod-edit-this-is-a-long-term-investment-guys-this-was-not-buy-and-sell-once-launched-for-a-nice-profit-coin/1939/16But they claim to have worked on it for more than one year, right? What the hell did they work on if you look at the QT, the launch without Block Explorer, the messy forum, the github in general (updates?) and the inflation-strategy and the 97%-for-the-team-distribution?
And, just by the way: Where are the big names? They have a list with all those angel- and seed-investors, but where are they? Why is there no post, no blog-article, no tweet, no support? How many are really behind it?
And what'll will happen to this number: 3,164,945,480 .... with more time? 164% inflation out of market perspective in 24 days. How much user-growth would be needed to bring the project into a distributive dynamic? And even if there would be a user-explosion, what would happen? The team would make a shitload of money, but the price wouldn't rise much because they have huge amounts to sell. Just all those coins they bought back on the exchanges are too much...
So, with that being said... this post is FUD. But again, the question is if it's wrong or true. No supporter was able to explain why this project should be survive, what's the innovation in it, in which way it would add more quality to Crypto... It's just greed and nothing more and it's so extreme that everybody is losing who touched it, the team included.
