BAT - why is it getting dumped? more than others?

superskillz

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Quote from: Red_Sanford on July 02, 2017, 01:16:52 PM

This was sold as a pipe dream and FOMO and whales buying it all up drove the price to maddening levels. Reality set in that it has little chance of succeeding and thus has tanked.

Just like Bancor, these ICO's are just junk. Glad I sat both of them out

Are you sure BAT is junk? It seems like there would be a move when they release the integration with the browser in ~August. Also, it seems like a browser is one of the few ways to potentially drive mainstream adoption. It's probably a longshot like any other crypto, but what has more chances of success than something run by the founder of Firefox?

Fantum

sr. member

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Like most new releases the initial excitment is gone. People moved on to flip some other coins. Most people aren't investors, just trying to get a quick profit of bitcoin. Now is the perfect time to accumulate. Just wait a while and it will pump again, when there is some news about bat. Just wait till people start using the browser it could be 10 times what it is now. Investment takes patience. You can't expect it to just go up and up and never get sold at a high price.

zxl912157

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Activity: 588

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Quote from: aakashsangwan on July 02, 2017, 09:38:44 PM

Relax it will come back up like other cryptocurrencies. The main cause was that the bitcoin price was falling so people were selling their coins cheap for buying more cheap bitcoins. So it is just a small dump, you don't have to worry about it.

Your statement makes me calm, my illness is panic and it is very disturbing.
I have seen a few days and wait for the price to go up as you say.
Thanks Wink

tristan1960

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Activity: 217

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It just made like x10 after its ICO and you're still asking for why it was dumped. They collected 25 millions of collars and then opened in coinmarketcap web site around 225 millions of dollars. That was not fair and reasonable.

It still has 125 millions of dollar market cap. Pray to God.

adroitful_one

legendary

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1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR

Quote from: aakashsangwan on July 02, 2017, 09:38:44 PM

Relax it will come back up like other cryptocurrencies. The main cause was that the bitcoin price was falling so people were selling their coins cheap for buying more cheap bitcoins. So it is just a small dump, you don't have to worry about it.

It seems like it's already trying to bounce back up a bit. Not sure how high it's going to go, but we're at least right back to where we were yesterday. I'm holding long term regardless. I think this could make a bit of money if you keep it for a while. Just make sure you get in while it's cheap

aakashsangwan

hero member

Activity: 994

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PUGG.io

Relax it will come back up like other cryptocurrencies. The main cause was that the bitcoin price was falling so people were selling their coins cheap for buying more cheap bitcoins. So it is just a small dump, you don't have to worry about it.

adroitful_one

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1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR

Quote from: OliynyK on July 02, 2017, 05:31:01 PM

Quote from: Xavofat on July 02, 2017, 04:11:54 PM

Because like every single other token being created recently, its actual use is almost zero and it's just a means of generating shitloads of money for the creators.

I use the Brave browser, and even I can see that it's trash.

I did not knew that they have already released the browser,is it the mobile version you are talking about.The problem with BAT is that people jumped into the coin when it hit the market as no one got the opportunity to purchase during the ICO period and then people started dumping it ,as simple as that,we could see any movement if the business model clicks.

I'm pretty sure the Browser was out even before they did the ICO. However, it was the implimenting BAT into it that we were all waiting for from my understanding. As for the price, i'm just waiting on it to go down a bit more and i'm going to buy some up for when it does come back up. Which, i'm fairly certain it will.

European Central Bank

legendary

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Quote from: OliynyK on July 02, 2017, 05:31:01 PM

I did not knew that they have already released the browser,is it the mobile version you are talking about.The problem with BAT is that people jumped into the coin when it hit the market as no one got the opportunity to purchase during the ICO period and then people started dumping it ,as simple as that,we could see any movement if the business model clicks.

the browser's been out for ages. i remember trying it when it first launched. i uninstalled it a few hours later as there wasn't enough functionality for me. maybe it's improved now.

regardless of that i wonder whether one single ico will ever deliver anything worth shit. they look to me like the modern equivalent of all those country coins that were around a couple of years ago. nothing came of them either.

OliynyK

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Quote from: Xavofat on July 02, 2017, 04:11:54 PM

Because like every single other token being created recently, its actual use is almost zero and it's just a means of generating shitloads of money for the creators.

I use the Brave browser, and even I can see that it's trash.

I did not knew that they have already released the browser,is it the mobile version you are talking about.The problem with BAT is that people jumped into the coin when it hit the market as no one got the opportunity to purchase during the ICO period and then people started dumping it ,as simple as that,we could see any movement if the business model clicks.

ophyrim

sr. member

Activity: 994

Merit: 391

beside the ICO nearly all coins are falling since 10-15 days. Some big coins have lost more than 1/3 of their price. Look at the markets. it looks like a blood bath. Every coin was red except 1 or 2. And BAT is not an exception. Is a part of this ecosystem, a part of this game. If this global fall will continue i am afraid the fall of BAT will also continue.

Xavofat

hero member

Activity: 938

Merit: 559

Did you see that ludicrous display last night?

Because like every single other token being created recently, its actual use is almost zero and it's just a means of generating shitloads of money for the creators.

I use the Brave browser, and even I can see that it's trash.

nsasuiteb

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Activity: 406

Merit: 100

BAILOUT

Quote from: styca on July 02, 2017, 03:18:24 PM

The BAT fall is due entirely to the oversold ICO. The same thing is happening with Bancor, for the same reason.
The current price has little to do with the value of the project. It will take a while yet to settle at a realistic price.

I agree with you. More money than that needed is not good.

styca

sr. member

Activity: 1078

Merit: 354

The BAT fall is due entirely to the oversold ICO. The same thing is happening with Bancor, for the same reason.
The current price has little to do with the value of the project. It will take a while yet to settle at a realistic price.

Sephire

full member

Activity: 700

Merit: 136

BAT is acting very weak and broken down thru previous supports to new lows.
Hoping it is close to a bottom alongwith other cryptos.

nopedope89

legendary

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FROSTING

Dump Markets There is a wide wave. After 2-3 days, I think it would be fine. Panic sales is causing.

Red_Sanford

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Activity: 322

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This was sold as a pipe dream and FOMO and whales buying it all up drove the price to maddening levels. Reality set in that it has little chance of succeeding and thus has tanked.

Just like Bancor, these ICO's are just junk. Glad I sat both of them out

ciccas4

sr. member

Activity: 251

Merit: 250

Panic selling..if there are more explanation i haven't found them..

clardalan

member

Activity: 126

Merit: 10

Bitcoin amateur learning by doing

This is pretty low for BAT. anyone know whats going on there?

Topic: BAT - why is it getting dumped? more than others? (Read 1033 times)