Binance’s IEOs keep Dumping, but why? - page 6.

meanwords

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Quote from: vintages on December 16, 2019, 06:38:14 PM

Quote from: dark08 on December 13, 2019, 06:09:32 PM

I'm not a fan of Binance Initial Exchange offering (IEO) but this dumping happen to Matic is very hurt specially if you are holding matic well if you take a look the chart history of matic in the past you will noticed a good run for this altcoin, but always remember not all the time the altcoin will stay on the top.

Just because they launched their IEO on Binance do no make them a trustworthy coin or being capable to stand the race in time.
Probably the coin was a 'very good' shitcoin which was designed for this exact purpose. They draw what seems to be a good plan, launch the IEO on Binance, wait for some months then dump it drastically.
Trusting cryptocurrency project these days is hard.

Typical pump and dump schemes. I just can't believe that people still believe in this kind of things. I don't care if Binance is one of the leading exchanges in the world, at this point, all new projects are shit. Look at the price history, it looks so sketchy, getting pumped in a short amount of time. The Matic team probably saw an opportunity to make more money just like what the dev of Ethereum did to his coin.

princecharles

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It's understandable that the market has taken a new switch lately with the bearish trend of several cryptocurrencies. I'm personally not surprised about the turnout of Matic which happened to be a top hit on the dumping of tokens. Binance team suspects bag holders to be responsible for the massive dump and promises to carry out more investigation into the abnormally.

vintages

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Quote from: dark08 on December 13, 2019, 06:09:32 PM

I'm not a fan of Binance Initial Exchange offering (IEO) but this dumping happen to Matic is very hurt specially if you are holding matic well if you take a look the chart history of matic in the past you will noticed a good run for this altcoin, but always remember not all the time the altcoin will stay on the top.

Just because they launched their IEO on Binance do no make them a trustworthy coin or being capable to stand the race in time.
Probably the coin was a 'very good' shitcoin which was designed for this exact purpose. They draw what seems to be a good plan, launch the IEO on Binance, wait for some months then dump it drastically.
Trusting cryptocurrency project these days is hard.

heidikim

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Activity: 602

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The icos were very fashionable. Now IEOs are popular. What do you need to do? It is necessary to know that the coins that can be obtained from IEO may experience a lot of fall. Because the grandfather of the IEOs, similar things happened in the ICOs.

VanDeinsberg12

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Quote from: metenjean on December 16, 2019, 09:54:21 AM

Quote from: betty11 on December 13, 2019, 02:51:46 PM

I don't think Matic team is free from the manipulation, this is part of the danger in a yet to established altcoin, you never know when the evil killer trigger is going to be pulled. I have severally be injured by these altcoin, this is why I am now a bounty hunter. Ordinarily I prefer trading to hunting.

Matic team have manipulation with their coin price, look and compare with matic price during IEO time and how much investor loss with matic coin price right now, I think matic owner and team have run away and enjoy with how much profit have got during IEO time.

that's what im talking about, the real intention for the pre-mined coin to be dumped to the market. whatever the team said about that but that's the real purpose of the pre-mined coin which has already owned by the matic team. How possible someone bought more than 350 millions matic on the IEO price.
That must be a manipulation that already made by the team x binance team. IEO on binance looks garbage right now with so many manipulation to take the user's money.
IEO is a very bad thing right now and it can bring everyone to the big loss.

carlzec

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CZ reads the market very well. A forward-thinking investor. You want to make a good profit from Binance. Follow CZ and its policies closely. CZ can create new winds at any time. This means new investment opportunities.

Bim abk

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Quote from: htsy585 on December 16, 2019, 02:44:08 PM

Quote from: Tipstar on December 16, 2019, 01:33:28 PM

There have been several issues with Matic and I don't think it would be wise to blame binance for it. Binance can't just always carry the tokens to a better price. When the project does some mistakes, it's bound to fall. Most of the IEOs in binance are still in positive ROI and matic is one of the exception.

Binance shouldn't be mention in the same sentence with Matic dramatic dump because the team clearly put out a statement on social media which clearly states that the dump originated from them since they release 25 percent of team token as scheduled ok the whitepare tokenomics

we really can't blame binance because the one in question is the developer who should be more responsible for the dump, and the error is indeed not Binance's fault because so far Binance is still awake

htsy585

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Quote from: Tipstar on December 16, 2019, 01:33:28 PM

There have been several issues with Matic and I don't think it would be wise to blame binance for it. Binance can't just always carry the tokens to a better price. When the project does some mistakes, it's bound to fall. Most of the IEOs in binance are still in positive ROI and matic is one of the exception.

Binance shouldn't be mention in the same sentence with Matic dramatic dump because the team clearly put out a statement on social media which clearly states that the dump originated from them since they release 25 percent of team token as scheduled ok the whitepare tokenomics

Tipstar

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There have been several issues with Matic and I don't think it would be wise to blame binance for it. Binance can't just always carry the tokens to a better price. When the project does some mistakes, it's bound to fall. Most of the IEOs in binance are still in positive ROI and matic is one of the exception.

diazepam666

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I never like to invest on Binance IEO because there platform not supporting good projects in the market who are all not with the money. They just want the the shit projects and earn some money by the traders available in their platform.
people also not taking care that issue very seriously and distinctly crossing over the loss.

jhontwis

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I can't clarify my ideas about Binance. I'm a former investor. I've done a lot on Bittrex and Polo.
Exchanges are growing up after being set up and going to death. This is a general situation. Bittrex and Poloniex survived today but only how much volumes remained. I think Exchange's, which adds new coins quickly, will disappear after a while.

confreslamp

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The team of MATIC has sold their tokens which caused a massive dump. All other IEOs that took place on Binance just followed, or Binance sold their coins that they got for listing. Nobody will ever know, we can only guess.

StatesManG

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All accused fingers should be pointing to both matic teams and binance as well. Looking at what they did with harmony, I believe that there is a big inside job happening on binance CZ knows about this, every project can't keep taking same steps. They all should be questioned

BChydro

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Quote from: itos84 on December 15, 2019, 09:24:10 PM

It's important for this type of IEOS that the team and initial investors have vesting. That way they cannot sell their coins for at least a year or 2 years. That way the next investors are protected from big whales that just want to pump and dump and gives the project enough time to develop and grow.

I never invested in any of the IEO projects as i am skeptical about it from the start, we had the ICO market where it was profitable in the start and we know what happened in the end and with the IEO project the investor had to be patient enough so that the project will develop in the a couple of years and does any investor plan on investing in these experimentation, anyone who invest in these projects will only look for profit and not for the longevity or the success of these projects and hence you have to be ready about the dumps too.

adjed

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Binance IEOs are basically like IEOs out there and people who invest in them do not invest because they believe in the project or whatever it stands for, they invest because the project is holding it's sale in the Binance exchange and they see it as an opportunity to make quick money especially when the previous sales has proven to be instantly lucrative to the investors who dumped immediately after listing, people buying this coins are people who want to make instant profit and when there is any slight negative movement of the token price, people immediately start dumping and this triggers a chain reaction of dumping which would eventually hurt the price of the tokens.

makolz26

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Quote from: JahriMeayer on December 16, 2019, 11:37:19 AM

I think the price of matic dump is because a large investor sells all of the stored matic and also I think the dev matic also sells most of this matic something that is normal in this market not only for coins from the IEO program. This applies to all coins

For sure one of the dumpers are the founders or the team of it, well anyway, we cannot blame them, they already proved their existence and that they are legit once, for sure once they continue to develop then they will also continue to grow, let's just wait for now what's their next step, still Matic is a good altcoins that we can watch out.

JahriMeayer

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I think the price of matic dump is because a large investor sells all of the stored matic and also I think the dev matic also sells most of this matic something that is normal in this market not only for coins from the IEO program. This applies to all coins

Vishnu.Reang

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Quote from: shodik007 on December 16, 2019, 10:33:45 AM

I kind of think that the pump and dump of the market that happened after trading opened were caused by hype, I'm not sure binance is behind pump and dump. we know binance is a big exchange and can people at binance have the time to do that?

If an IEO goes down, then you can't blame the exchange for that. Although I would agree that Binance is no longer following their earlier strict screening criteria, there is hardly anything they could do to increase the exchange rate of the token or coin. If the project is not unique and having no practical usage, then it will go down no matter how much support it gets from the exchange.

shodik007

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Quote from: bitcoindusts on December 16, 2019, 09:54:39 AM

Quote from: Ahrvodeex on December 13, 2019, 02:54:07 PM

After what Binance has done for past 6 months, this will be no big deal for them!

Indeed, Binance had been accused of manipulating trades of its IEOs. The pump after the IEO event and dump when the target price is met. We can see patterns like that on all the altcoin that perform their IEO on Binance. And of course the first one to refute it is the possible person who is behind those actions.

I kind of think that the pump and dump of the market that happened after trading opened were caused by hype, I'm not sure binance is behind pump and dump. we know binance is a big exchange and can people at binance have the time to do that?

Apened

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For me its too normal, we know that this IEO is a quick bucks or fast money making investment. How much roi people get from it and with the price surge we can say that what goes up must comes down that was a trading or cycle rule and we can't avoid that to happen. If you are a trader ther might be a possibility that you might catch those paumos ang make profit befoee it dumps.

Topic: Binance’s IEOs keep Dumping, but why? - page 6. (Read 1628 times)