hehe you guys are so funny. what was ico ended 1 month ago or barely any longer. price was 20k sats or less... at a dollar a lisk it would be what 230k satoshi?
11x in one month yeah good luck holding that price... the yobit and bloombit markets are so illiquid that refreshing the page could blow them over. they are not grounded in any reality in any dimension in any universe. I understand this is crypto and you all have the expectation to lock up a few satoshi for a month and get back a few thousand dollars heck i have the same unrealistic expectations from time to time especially when i was newer to crypto. but it doesnt happen to frequently. and if it is happening very few will hold from the bottom to the top. lisk raised 7 million bucks. you dont think half the people would love to get out at launch for even 2x? that could be 7 million (16,000+BTC) in sell pressure just to hit 40k satoshi. meanwhile lisk is 80x of at yobit currently.
please feel free to continue yacking about moons and such i wont be able to stop you.. heck if lisk stays 80 ill be happy. heck ill be happy is it does 1.5x at launch.
for any noobs, if youve made money on lisk iou on yobit you might want to sell. even if your upside down on your investment you might want to sell before launch. the pressure of 100million coins being distributed to the people who paid 20,000 satoshi or less is going to destroy the IOU market. if you think differently your in for a big surprise.
Like eth's sell preasure?
simmilar amount of coins distributed, price held 200k.
reason?
Eth raised more than double BTC than LISK.
also there was no platform for eth created and users had to wait quite a while before eth launched. higher risk = higher reward. by the time they created a novel system and launched they had increased their value over creating vaporware and the unknown. BTW eth launched at 8x, and then hovered at 4x for over 5 months before its ridiculous rise starting in January.
so if lisk follows eth. lisk would be 8x crowdsale price at launch day (160k sat) and then hover at 4x (80k sat) until dapps or whatever else pumps the price.
the reasoning i dont think it will even be that high would be that lisk was basically created already when they hosted the ico. there was no unknown and no waiting for many months.
(disclaimer i didnt invest in eth, and never bought into it. I did buy into lisk and would be pleased if i made a million dollars off of it but am trying to be realistic while the rest of us should all make an attempt to be realistic as well)
