Binance’s IEOs keep Dumping, but why? - page 9.

NathanJB

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Quote from: Itsmylife on December 14, 2019, 10:44:38 PM

Quote from: bgaf on December 14, 2019, 10:17:37 PM

I dont see a reason why we specifically observed Binance IEOs, how about creating a general slice up of every major exchange such as Houbi, Okex, Gate, Kucoin and others right? It seems that the Binance are getting some fud here. Its not the Binance fault why the observation of their IEO on the downfall its the market who decide.

This is just a game of whales. Not just the IEO project, look at others, TOMO was pumped x2 last night for a few hours and then returned to the previous value, I think this market is no longer suitable for small investors. The value of the project does not seem to depend on quality and achievements, it only depends on the benefits of a few small groups.

No, this is not a game anymore. The fall is rather continuous. The fall in Matic's price has been happening in a few days already. The fall is not normal even. It is rather big. And the fall in price is happening at the same time while there is also a fall in volume. The price had just lost more than 100% of its value. The volume is also losing more than 100%. All these have affected the image of Matic and there might be more falling to follow.

Itsmylife

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Quote from: bgaf on December 14, 2019, 10:17:37 PM

I dont see a reason why we specifically observed Binance IEOs, how about creating a general slice up of every major exchange such as Houbi, Okex, Gate, Kucoin and others right? It seems that the Binance are getting some fud here. Its not the Binance fault why the observation of their IEO on the downfall its the market who decide.

This is just a game of whales. Not just the IEO project, look at others, TOMO was pumped x2 last night for a few hours and then returned to the previous value, I think this market is no longer suitable for small investors. The value of the project does not seem to depend on quality and achievements, it only depends on the benefits of a few small groups.

bgaf

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I dont see a reason why we specifically observed Binance IEOs, how about creating a general slice up of every major exchange such as Houbi, Okex, Gate, Kucoin and others right? It seems that the Binance are getting some fud here. Its not the Binance fault why the observation of their IEO on the downfall its the market who decide.

andika2018

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In my opinion, IEO in large exchangers rises in price because it is speculative in the short term. For the long term, investors will certainly see the potential for product development and I think it's reasonable because prices will seek a balance between demand and supply.

LouVandetta

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That is why some says that IEO is good only in the beginning. When it just got listed in the market. That's the best part, they said. Especially if we've joined the IEOs lottery, which is that the price is a lot cheaper before it gets listed. It's almost like the price after the listing is guaranteed to give you a decent amount of returns.

Even though Binance already denied that the Matic team has nothing to do with it, but people can't help to feel that there must be something behind the flash crash.
Well it's no wonder seeing the price keeps getting low and even lower considering all these bad news here and there.

Aabcde

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Dump or not is actually not a problem caused by the exchange but by the traders and dev. So do not be surprised even in a good and large exchange, events like this can happen. What I don't like is that sometimes people expect a lot with a large exchange and if it doesn't meet expectations, the exchange is blamed. Whereas from the first ico, ieo or the like does not guarantee 100% your profit. Therefore I never want to touch or jump in there.

Pearls Before Swine

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Quote from: TimeTeller on December 13, 2019, 04:41:39 PM

If they will not stop launching crap IEOs on their platform, the trust and credibility are at stake here.

I doubt that's true, because binance has a solid reputation as a good exchange, especially after surviving that 700 btc hack. It doesn't matter if they keep launching crap ieo's or not.

If you're asking yourself why tokens like matic fell so much, just look at all the other tokens that are already out there and also take a look at how the overall market is doing. It isn't a great time to be launching *anything* new right now. That's why companies don't like ipo's when the stock market is falling. I'm not sure why binance doesn't realize this, but maybe they think there are enough suckers out there that'll buy crap like matic. Obviously there aren't.

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Quote from: joshua123 on December 13, 2019, 09:59:07 PM

I think its out of hand of Binance already I guess. They are the host exchange for matic but their project has been long done from IEO of course if youre in a bad market expect dump. Dont find reason to dig it up cause the only thing that make it dump is probably whales manipulations. Matic doesn't also can control this kind of activity.

Binance can't control what's happening to every coin. If the dev team wants to dump, BNB can't dictate such thing. Though they have done their own evaluation before accepting this project under their IEO launchpad, yet they won't know the real plans of the team. So if the team wants to gain money and sell their possession, it is entirely on the team not on BNB.

Kiefner

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Any coin is subject to speculation. We can not say that this situation will have a bad impact on the stock exchange. This is just the time in the market, don't worry about it.

sorrros

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Many experts said that Matic is a real project with big plans and goals. But in recent days the team transfered a big amount of tokens to Binance exchange and someone figured it out and dumped the tokens in panic.
Who knows what the team exactly wanted to do with the tokens.

CryptopreneurBrainboss

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Quote from: Danumsigwasan on December 13, 2019, 03:24:47 PM

Binance is facing yet another criticism as one of their IEO tokens has seen a huge dump once again. Matic, which was put on Binance launchpad, Binance’s version of an IEO, fell 60% in just minutes.

On a general note, IEOs were just ticking time bombs like their counterparts ICOs. We all knew, the chances of then declining in price were present due to the market conditions of altcoins although our greed always get the better of us. The issue involving the coin in your OP goes beyond just mere IEO dumping.

Matic price decline has a lot to do with FUD and price manipulation, as from the rate at which the decline occured, it's abnormal and most have been a professional dump organized by some users with privileges

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Quote from: tartibaya on December 14, 2019, 05:17:40 PM

No wonder. Almost the whole altcoin market is miserable. Binance is polishing some projects at this bad market. Then again the same situation. This is common for the subcoins. You need to know these facts when investing. We're in a wild nature.

That aside, I think there was an inside job. It was a well coordinated dump. I expected that and it happened just moments after huge tokens were moved out of MATIC's team wallet. Other Binance IEOs were dumped to make it look normal. Contrary to popular opinions, it is due to the current altcoin market but that's not the whole story as there was more than that.

Bonwin

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I am not surprised that it happened and if more should accompany the same fate that, will not meet me unaware. This does not also stop other projects from making headway, even on Binance launchpad. This us why investing what you can afford to lose is more advisable, than gambling with your fund.

tartibaya

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No wonder. Almost the whole altcoin market is miserable. Binance is polishing some projects at this bad market. Then again the same situation. This is common for the subcoins. You need to know these facts when investing. We're in a wild nature.

tabas

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Why be surprised with the same fate of IEO even it's being run to a good exchange? it's meant to be dumped because people will certainly look for profits and they wouldn't care about holding it for a long time. Descriptions of telling that these projects are good to hold for long term wouldn't be bought by wise investors anymore. They wouldn't let themselves go at the end of the line just to see the dump before they sell.

XCANA

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Its no longer a news when we see a dumping on any exchange including Binance. Basically the problem with dumping could be seen from the side of shitcoins owners, they create unnecessary hype to get tractions from investors and when its not forthcoming, they dump the tokens hard on those who have already purchase the worthless shitcoins. Research into a project before investing into it.

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Quote from: tenakha on December 13, 2019, 04:27:13 PM

Apparently, the scenario of this film have been written long ago by the team. It is just a cliche pump-dump theme. But I do not think there is any other fault than Binance's lie (They probably gave a statement like this to protect themselves) statement on this. The exchange sets certain limits that the amount sent is probably no more than that. In this scenario, there could be another exchange instead of Binance.

I do not know what people were expecting out of this, the fact that a coin is being released on binance does not really guarantee that it is going to give any profits, the binance exchange at best can guarantee that they have researched the people behind the project and that is it, from that moment it is up to each person to decide whether or not to invest in that coin based on the merits of the coin itself and as the majority of the altcoins those coins have no merit at all or any reason to exist.

CarnagexD

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Quote from: masterrex on December 14, 2019, 01:44:28 AM

I think Binance has nothing to do with that, it was already listed and free traded and then why criticising Binance for a price dump of an IEO project. if a project token was dump it could be mean a lot? or maybe the hodlers,investors was losing its confidence in the project. or maybe from the team also who possibly dump the matic token on exchange. and i believe that its not beyond Binance control.

Why would some people blaming the exchange for this reason? Look at these IEOs, what is their difference with ICO is that they are already tradeable with no assurance of getting a good position in the market so it is more of like an ICO in disguise. Exchange has nothing to do with pricing, they are just generating leverage on that one. Another thing is altcoins can be manipulated easily by the team behind. it is their strategy to survive long in the fatal market we have now. I've been seeing a dump everywhere, no wonder why there are project that don't last long.

Durdenkingtyler

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It is simple, all coins can be manipulated. It is important to note that there are a lot of established players with huge funds who easily can pump and dump millions of dollars into coins.

The crypto market sentiment does not make it better, as often when a pumper increses the price of a coin, everyone is suddenly "interested". When it dumps, nobody cares about it anymore.

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Quote from: Mpamaegbu on December 14, 2019, 02:11:31 PM

I keep telling people that what sustains a coin or token isn't on the exchange it's listed but its utility. The only thing big exchanges like Binance can do for a coin listed on its platform is give it instant leverage for price hike and this isn't a great idea in my thinking because it easily can lead to dump. Dumps aren't good for any project. It kills it.

more precisely kill investors! for traders I think they will benefit if they take positions when the DUMP happens,
it is still a mystery why matic dumps up to 70% a day!

Topic: Binance’s IEOs keep Dumping, but why? - page 9. (Read 1559 times)