are people not seeing the ipo "scams"?
IPO : You buy coins from a dev... at his/hers imaginary price... giving him/her your money... That doesnt make a market cap!
Instead it will be a dev selling 100% premine in this case... wich they succeeded in...
afterwards it got a nice pump..and "investors" dumped the shit out of it...
leaving behind the dev team with a major (maybe record) amount of btc from a ipo... and bagholders who believe everything are taking the major loss
Topic: [ANN][DCM] Digital Commerce 1.35 Mil coins 100% POS/Soon Anon/Accounting wallet. - page 32. (Read 82602 times)
June 08, 2014, 05:33:06 AM
June 08, 2014, 05:30:20 AM
The sad truth is, and even I will admit this now, DCM has nothing... Targeting the merchants adoption, sure. All the coins have this in mind. But as the crypto world goes, turns out it would be better to follow the current trend of innovation. No hype, no new investors. Because no one needs it, wants it, or cares about it. And of course, all the coin devs always claim that they want to avoid that path of pump&dump, but reality is every coin falls for it.
It's a 4 day old coin. I know people move fast in crypto-land, but... 4 days. I mean, what did you really expect it to have? It's not like it's lingered around for months and months.
What it does have is, a lot of ipo money. If the devs use it wisely, the coin should be on every major exchange, have whatever wallet additions people ask for, anon features (although they currently seem against it), marketing and all of that stuff. Of course that relies on the devs using the ipo money, hence why I said it'd be smart for them to buy votes, to show investors they will spend it.
That's what I meant. I didn't expect DCM to become a well established coin in just 4 days. But there was nothing innovative or substantial to maintain interest of new potential investors. And as you say, people move fast in crypto-land. If there is no movement around the coin, no buzz, no hype, people are skipping and moving on. But, still... yesterday DCM was trading well above the IPO price. So most investors that didn't dump for x3 profit, were probably happy to hold, as did I. And then... suddenly... Mr. Bob gave us "FATALITY". It was all looking great at first, with the established and transparent dev team, and of course before the drama broke out.
There is a saying: Too many cooks spoil the broth. Mr. Bob turned out to be the one who being overprotective for his recipe, actually starts to spit in his own pot, in hope that others won't enjoy the meal anymore...
June 08, 2014, 05:22:01 AM
The sad truth is, and even I will admit this now, DCM has nothing... Targeting the merchants adoption, sure. All the coins have this in mind. But as the crypto world goes, turns out it would be better to follow the current trend of innovation. No hype, no new investors. Because no one needs it, wants it, or cares about it. And of course, all the coin devs always claim that they want to avoid that path of pump&dump, but reality is every coin falls for it.
It's a 4 day old coin. I know people move fast in crypto-land, but... 4 days. I mean, what did you really expect it to have? It's not like it's lingered around for months and months.
What it does have is, a lot of ipo money. If the devs use it wisely, the coin should be on every major exchange, have whatever wallet additions people ask for, anon features (although they currently seem against it), marketing and all of that stuff. Of course that relies on the devs using the ipo money, hence why I said it'd be smart for them to buy votes, to show investors they will spend it.
Do you think adding this crazy coin in Polo will make the price go higher? Believe me, this coin WILL NEVER be added to Polo. Polo has a smart group of guys and they know what they are doing. And 1000%, no dev of this coin is going to spend IPO money to get those votes. That's beyond dreams. As I said earlier, it's best to sell now. Otherwise it's headed to 0 satoshi soon. Good luck!!
True True, Dev team just took money and left comunnity here,
better sell now tommorow can be to late,
and probably Poloniex knew since beginig thats just a sacam coin and its a reason why they didn't put this coin on their platform,
June 08, 2014, 05:15:53 AM
The sad truth is, and even I will admit this now, DCM has nothing... Targeting the merchants adoption, sure. All the coins have this in mind. But as the crypto world goes, turns out it would be better to follow the current trend of innovation. No hype, no new investors. Because no one needs it, wants it, or cares about it. And of course, all the coin devs always claim that they want to avoid that path of pump&dump, but reality is every coin falls for it.
It's a 4 day old coin. I know people move fast in crypto-land, but... 4 days. I mean, what did you really expect it to have? It's not like it's lingered around for months and months.
What it does have is, a lot of ipo money. If the devs use it wisely, the coin should be on every major exchange, have whatever wallet additions people ask for, anon features (although they currently seem against it), marketing and all of that stuff. Of course that relies on the devs using the ipo money, hence why I said it'd be smart for them to buy votes, to show investors they will spend it.
Do you think adding this crazy coin in Polo will make the price go higher? Believe me, this coin WILL NEVER be added to Polo. Polo has a smart group of guys and they know what they are doing. And 1000%, no dev of this coin is going to spend IPO money to get those votes. That's beyond dreams. As I said earlier, it's best to sell now. Otherwise it's headed to 0 satoshi soon. Good luck!!
June 08, 2014, 04:30:50 AM
The sad truth is, and even I will admit this now, DCM has nothing... Targeting the merchants adoption, sure. All the coins have this in mind. But as the crypto world goes, turns out it would be better to follow the current trend of innovation. No hype, no new investors. Because no one needs it, wants it, or cares about it. And of course, all the coin devs always claim that they want to avoid that path of pump&dump, but reality is every coin falls for it.
It's a 4 day old coin. I know people move fast in crypto-land, but... 4 days. I mean, what did you really expect it to have? It's not like it's lingered around for months and months.
What it does have is, a lot of ipo money. If the devs use it wisely, the coin should be on every major exchange, have whatever wallet additions people ask for, anon features (although they currently seem against it), marketing and all of that stuff. Of course that relies on the devs using the ipo money, hence why I said it'd be smart for them to buy votes, to show investors they will spend it.
June 08, 2014, 04:26:57 AM
The sad truth is, and even I will admit this now, DCM has nothing... Targeting the merchants adoption, sure. All the coins have this in mind. But as the crypto world goes, turns out it would be better to follow the current trend of innovation. No hype, no new investors. Because no one needs it, wants it, or cares about it. And of course, all the coin devs always claim that they want to avoid that path of pump&dump, but reality is every coin falls for it.
June 08, 2014, 04:12:06 AM
And the 5200 wall is gone. Lucky i didn't invest that much in this coin. Oh well, a loss. At least my other investment is still yielding profits.
Don't know if it'll slow the bleeding at all, but I do know polo was in the works for the coin. Unfortunately they didn't get it done on Sat, but assuming it gets there, the coin very well should get some sort of boost in price. Even if it gets just back to around ipo levels, it's something to work with.
The dev team may also wish to break out some of that ipo money, buy up the coin to ipo levels again, as a show of good faith. It may stabilize things a bit.
if still have news from the dev team, the price will under 1K.
June 08, 2014, 04:10:17 AM
And the 5200 wall is gone. Lucky i didn't invest that much in this coin. Oh well, a loss. At least my other investment is still yielding profits.
Don't know if it'll slow the bleeding at all, but I do know polo was in the works for the coin. Unfortunately they didn't get it done on Sat, but assuming it gets there, the coin very well should get some sort of boost in price. Even if it gets just back to around ipo levels, it's something to work with.
The dev team may also wish to break out some of that ipo money, buy up the coin to ipo levels again, as a show of good faith. It may stabilize things a bit.
June 08, 2014, 04:01:39 AM
And the 5200 wall is gone. Lucky i didn't invest that much in this coin. Oh well, a loss. At least my other investment is still yielding profits.
June 08, 2014, 04:01:21 AM
like the UVC or AC coin, also on Weekend the dev disappear, after a few days, AC found a big premin, and UVC say the Team disbanded.
As a pro team, I think them should have at least one member on here to answer the question.
like you said: when have fire ,the dev team needs to put out the fire quickly. otherwise , the price will crashing.
Well, I wouldn't assume the worst and compare to coins like that. And to their credit, the devs did post today, so it's not like they were completely absent. But to me, they weren't nearly active enough. They should have figured this was emergency mode, and broken out all of their tools/plans/ipo money and tried to fix the issue.
It also makes me think that all coins should have moderated forums. I am usually against it, as devs can be overzealous and delete real posts, but there is so much trolling and fud nowadays, it's almost a necessity. If I didn't know better, I'd say Bob was purposely lowering the price so his investors could get dirt cheap coins, he can back off, price goes back up to around ipo levels, and they cash in at double. That's usually the purpose of trolls... but in this case, I think it's a situation of just craziness prevailing.
June 08, 2014, 03:55:23 AM
can not agree more!
right now , DCM really like a scam coin.
No, not really. The price fell because one of the team members went on a rampage.
It's been what, 4 days since the coin was released? Under normal circumstances, the coin would have been fine and on its regular development pattern. It's not a scam just because the price fell, or that a team member posted in the way he did. You can argue that the dev team dropped the ball by not being active today, but that too doesn't make it a scam.
like the UVC or AC coin, also on Weekend the dev disappear, after a few days, AC found a big premin, and UVC say the Team disbanded.
As a pro team, I think them should have at least one member on here to answer the question.
like you said: when have fire ,the dev team needs to put out the fire quickly. otherwise , the price will crashing.
June 08, 2014, 03:50:32 AM
can not agree more!
right now , DCM really like a scam coin.
No, not really. The price fell because one of the team members went on a rampage.
It's been what, 4 days since the coin was released? Under normal circumstances, the coin would have been fine and on its regular development pattern. It's not a scam just because the price fell, or that a team member posted in the way he did. You can argue that the dev team dropped the ball by not being active today, but that too doesn't make it a scam.
June 08, 2014, 03:47:39 AM
Sure you don't want any surprises at all? Here's a few things I will say (since it's the weekend and yes we do have lives outside of work) I have a video production in the works for Digital Commerce that should help promote and draw others in to our community, it will be professionally done, complete with a green screen etc.
Although Bob is the culprit in this mess, I don't view the dev team as blameless.
This isn't the time for surprises, nor things 'in the works'. This isn't the time to spend the weekend relaxing with your kids. Your coin is on fire (and not in a good way, it's burning)... the dev team needs to put out the fire.
Post the ipo wallets, post about things that are planned, don't make them surprises. Get the coin on polo, whatever it takes, and quickly. And use some of the funds to get the coin voted up in MP, at least into the top 10.
You can argue that you want the coin to make MP organically and you can argue that buying votes is no 100% guarantee, but it's a show of good faith to the investors that the devs will spend the funds when necessary. Bob's 22 btc 'marketing fund' alone would have gotten the coin the #1 spot on MP, which is better than any videos or marketing you guys can do. I strongly suggest you guys be active this weekend, not take time off to relax, as by the time you come back you may not like what you see. You guys can still fix things but you can't be complacent about it.
can not agree more!
right now , DCM really like a scam coin.
June 08, 2014, 03:44:40 AM
Sure you don't want any surprises at all? Here's a few things I will say (since it's the weekend and yes we do have lives outside of work) I have a video production in the works for Digital Commerce that should help promote and draw others in to our community, it will be professionally done, complete with a green screen etc.
Although Bob is the culprit in this mess, I don't view the dev team as blameless.
This isn't the time for surprises, nor things 'in the works'. This isn't the time to spend the weekend relaxing with your kids. Your coin is on fire (and not in a good way, it's burning)... the dev team needs to put out the fire.
Post the ipo wallets, post about things that are planned, don't make them surprises. Get the coin on polo, whatever it takes, and quickly. And use some of the funds to get the coin voted up in MP, at least into the top 10.
You can argue that you want the coin to make MP organically and you can argue that buying votes is no 100% guarantee, but it's a show of good faith to the investors that the devs will spend the funds when necessary. Bob's 22 btc 'marketing fund' alone would have gotten the coin the #1 spot on MP, which is better than any videos or marketing you guys can do. I strongly suggest you guys be active this weekend, not take time off to relax, as by the time you come back you may not like what you see. You guys can still fix things but you can't be complacent about it.
June 08, 2014, 03:41:31 AM
If anyone has got 2 BTC worth of this shitty scam at 5K, this is the best time to sell guys. Don't lose all your money for it will be 0 soon. Thanks to our dear sick Bob.
Thanks to dear sick bob, many people tripled their money! Sorry you did not get in and out like a professional trader and get greedy.
'Sorry you did not get in and out like a professional trader'
So you claim you are a prof trader? What does a good trader do? Start a coin like this, plan to run away with people's money from day one and execute it as planned? But I should say, you have got guts to come back and post here. Well not guts, I should say you have literally no shame. Well, what can you expect from a sick psycho like you. Live happy!!
That is the mentality is takes to be a trader.
This isn't a game...you are trying to take other peoples money away. Period.
June 08, 2014, 03:39:30 AM
Great start for IPO, then devs screw up by taking the weekend "off" after investors put 135 btc into their project. Bad move!
June 08, 2014, 03:39:09 AM
I would also like to say that the rest of the DCM team kicks ass, the webdev and coredevs are some of the best ive ever worked with, serious and ryan have became like my brothers, these guys are right on and wallen, well... that guys is awesome too.
I see things have been lively here tonight... although not in a positive way.
Something I don't get. You think the rest of the DCM is great, some of the best you ever worked with. Some are like brothers to you -- your own words.
Yet you throw them all under the bus each time you go on one of your insane rants against Jeremy. The reason the price is failing is because of your actions. Don't you care at all about the work they put into the coin? Or basically are you so selfish that you feel a need to go on repeated childish tantrums because of some grudge, and if the devs you feel are some of the best you have worked with suffer, so be it?
You don't reason with a psycho.
June 08, 2014, 03:37:38 AM
If anyone has got 2 BTC worth of this shitty scam at 5K, this is the best time to sell guys. Don't lose all your money for it will be 0 soon. Thanks to our dear sick Bob.
Thanks to dear sick bob, many people tripled their money! Sorry you did not get in and out like a professional trader and get greedy.
'Sorry you did not get in and out like a professional trader'
So you claim you are a prof trader? What does a good trader do? Start a coin like this, plan to run away with people's money from day one and execute it as planned? But I should say, you have got guts to come back and post here. Well not guts, I should say you have literally no shame. Well, what can you expect from a sick psycho like you. Live happy!!
June 08, 2014, 03:32:27 AM
I would also like to say that the rest of the DCM team kicks ass, the webdev and coredevs are some of the best ive ever worked with, serious and ryan have became like my brothers, these guys are right on and wallen, well... that guys is awesome too.
I see things have been lively here tonight... although not in a positive way.
Something I don't get. You think the rest of the DCM is great, some of the best you ever worked with. Some are like brothers to you -- your own words.
Yet you throw them all under the bus each time you go on one of your insane rants against Jeremy. The reason the price is failing is because of your actions. Don't you care at all about the work they put into the coin? Or basically are you so selfish that you feel a need to go on repeated childish tantrums because of some grudge, and if the devs you feel are some of the best you have worked with suffer, so be it?
June 08, 2014, 03:29:32 AM
If anyone has got 2 BTC worth of this shitty scam at 5K, this is the best time to sell guys. Don't lose all your money for it will be 0 soon. Thanks to our dear sick Bob.
Thanks to dear sick bob, many people tripled their money! Sorry you did not get in and out like a professional trader and get greedy.
Jump to: