I must congratulate Lisk because its growing very fast, Bitcoin investments is being sent very rapidly, but at the same time I worry that everyone who can possibly buy into Lisk might do so before the ICO is over effectively saturating the market and not achieving ROI after ICO is over. I think Lisk is growing too fast before the end of the ICO, I wouldn't mind the exponential growth, but I would rather see it happen after the ICO is over.
That feeling of excitement of seeing Lisk grow so fast combined with that of nervousness that everyone might buy in before the ICO is over...
I understand that the more money Lisk can get, the better the end product will be, but balance is key. While too little money can be detrimental for development, too much money invested can also be detrimental for us, the investors.
Are there any reasons why I shouldn't be worried with rapid increases of investments before the ICO is over?
I think your concern does make sense, yet what I think is bit different. Traffic in the internet is more or less resembles an exponential growth. I am saying as a blogger and digital marketer. Although I do agree that I want to get more shares out of the ICO, shit happens u know. Also, daily trading volume of ETH is about 35,000btc and ICO atm is about 2,000btc
daily trading volume of ETH is about 35,000btc and ICO atm is about 2,000btc
Pardon me, but where are you getting that the ICO at the moment is about 2,000 BTC's when I just went to ico.lisk.io and it says:
Under "Bitcoin Exchanges" : 1422.53236392 BTC
I think that what says under "Bitcoin Exchanges" represents the total of everything, including the tallying up of all the altcoins+shapeshift+XCR's that were exchanged for Lisks. Correct me if I am wrong.
The difference between the "1422 BTC" and the "2000 BTC" is the difference between "actual and "equivalent" BTC (in dark orange) shown on this spreadsheet:
https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit#gid=1360974801The difference between these two is the additional value in the platform besides just the pile of fresh new BTC that is stacking up. The currently-existing Crypti 0.5.5 codebase (previously paid for by XCR donors), all the functional currently-existing GUI wallet / blockchain explorer tools / etc, Max and Olivier working full time as the Lisk Foundation, the goodwill of an enthusiastic community that is in the hundreds and still growing - these did not pay BTC and yet count as real tangible assets. That's the difference between the 1400 and the 2000 numbers. The difference is the estimated value of intangibles.
However, the 2000 number only pays for 85M Lisk and not the 15M Lisk held back by the Lisk Foundation - currently Max and Olivier, but that will grow. The correct comparison to make on the spreadsheet is the implied market cap (which includes all 100M Lisk) vs. the dev-cash-on-hand (which is only the donated BTC).
As I have said over and over, any money you put into the Liso ICO does not change in value as more and more donors pile in. At the end of the ICO, market forces take over. The idea that the entire cryptocurrency market will discover Lisk and buy into it during a four-week ICO is very hard for me to swallow. We have only hundreds of investors in the Lisk ICO. There will be tens of thousands of people who discover Lisk on the exchanges when it gets there. I believe they will buy in at a premium, and that premium is your profit.
As bitcoinuserz notes, ETH trades 35,000 BTC
PER DAY and Lisk has taken in 1400 BTC in
TWO WEEKS. Yes, there is a lot of justified excitement here in Liskland, but we are still only in a very tiny corner of a very big world.
It's all about perspective. I am the very center of my world. I am a tiny speck in the cosmos.
