Careful out there... - page 2. | Bitcointalksearch.org

wanderloy

member

Activity: 182

Merit: 10

PRESALE BEGINS UP TO 45% DISCOUNT

Quote from: paxmao on January 21, 2018, 04:02:27 PM

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.
But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there Roll Eyes

Well, I'm not that Crypto investor who buy coins or tokens on ICOs, but I just do a thing, observe them in coinmarketcap.com, if they're good coins then I'll buy for a thousand dollar worth especially when the volume is constantly higher.
One of the best choices that I bought last weekend's dip was IOST. And Im having a good time today because it was indeed pumping.

sultanali

newbie

Activity: 238

Merit: 0

Yes, now a days many fake and scam coins are coming into the market because many people are investing in ICOs so some scammers are making scam ICOs so people invest their hard earned money in their ICOs and they scam them. So it is very important to research full of the project before investing in any money in that project.

thepo1m

hero member

Activity: 658

Merit: 500

You are able to discover this because you research the project, most people don't research these project, if you have created 1 billion tokens and selling 1 million, that is centralisation and will male the developer a billionaire because the 1 million tokens is not significant

paxmao

legendary

Activity: 2366

Merit: 1624

Do not die for Putin

Quote from: AngelSky on January 23, 2018, 07:42:50 AM

Quote from: RickyCardero on January 22, 2018, 11:05:26 AM

All Time, u can find this people, who invest in strange project.
In time when you read whitepapper, somebody donated to this project. Often people doesnt understand, what they do.

Are you really making the post by reading the op or simply dragging the thread and give bump. No one will invest on any strange project without checking the complete information about the project's ann thread and website.
For the project no one shjare the fund without expectation, keep that on mind. Donation request is not at all acceptance in the forum so no one will ask that. Some project owners shows like legit project and finally scam us. Expect that none can do the scam.

Would like to bet on no-one throwing money into the project? You are probably a sensible investor, but you should know that there are lots of stupid money around. I am not dragging anything, why on earth would I do that?

paxmao

legendary

Activity: 2366

Merit: 1624

Do not die for Putin

Quote from: GreatOrchid on January 21, 2018, 04:59:28 PM

Quote from: paxmao on January 21, 2018, 04:02:27 PM

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.
But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION Grin

What do you mean? It clearly seems that you do not even know how the marketcap works in here.

And what do you mean with bounties? are you just trying to explain how does that ICO works or just how much you will get by draining that bounty like a cow?

Came on... You can easily understand that if there is a limited supply, it CAN NOT increase.

I think this is quite easy to understand. This guy pays 5000 tokens for a translation. Since he is selling the tokens at 2 dollars he is then pretending that you are getting 10k USD for translating.

The problem is that the real value of the tokens is more like a cent because he issues 1 Billion and sells only 1 million and then claims a huge "marketcap" that is unrealistic by an order of magnitude of 1,000,000. That is, unless you really think that is going to be the next Facebook, in which case is unrealistic by an order of magnitude of 10.

It has nothing to do with a limited supply, nor milking anything, just getting paid for work fairly and that is why I relate this to bounty.

Marketcap = Tokens * market price of 1 token

So the issue here is that he is playing with the second factor of this, fooling people that don't bother or can't do numbers. That is true for bounty hunters too because they (we) invest our time and effort.

CryptoBeefy

full member

Activity: 378

Merit: 100

More money than sense for a lot of investors. The fact that the price is $2 without any product to show for it should be ringing alarm bells. Then there are the people that just fail to read and do their own research, just blindly following.

AidenCasanova

member

Activity: 112

Merit: 10

so much litle investor may fall to the trap
but big investor will not fall to the premine
i just think about how marketcaps work according post 1
but still not find something wrong about market caps because of limited supply of the coin in the blockchain

wonder what ICO post1 want to tell us??

feelthebern98

member

Activity: 63

Merit: 10

Nice catch for sure, adding one zero changes the game entirely. Definitely it's too late for some, have you posted the ICO name somewhere in the forum?

AiwonOleh

full member

Activity: 336

Merit: 100

A lot of people invest even in such projects, they do not understand them well, they invest money, which later just lose because it was a scam.

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: RickyCardero on January 22, 2018, 11:05:26 AM

All Time, u can find this people, who invest in strange project.
In time when you read whitepapper, somebody donated to this project. Often people doesnt understand, what they do.

Are you really making the post by reading the op or simply dragging the thread and give bump. No one will invest on any strange project without checking the complete information about the project's ann thread and website.
For the project no one shjare the fund without expectation, keep that on mind. Donation request is not at all acceptance in the forum so no one will ask that. Some project owners shows like legit project and finally scam us. Expect that none can do the scam.

paxmao

legendary

Activity: 2366

Merit: 1624

Do not die for Putin

Quote from: Lingqingyi on January 22, 2018, 06:52:22 AM

There will be lots and lots of people who will invest in this ICO.
They don't care if it's a bubble, they just care about making money, even if it's a scam. Roll Eyes

I agree, I want to warn and help but this eventually becomes a natural selection process in which the money goes from the people who can´t tell a horse from a car to the people that know how to build a plane. Wow! That was a good metaphor my! Grin

paxmao

legendary

Activity: 2366

Merit: 1624

Do not die for Putin

Quote from: LancelotRay on January 22, 2018, 05:29:29 AM

Quote from: paxmao on January 21, 2018, 04:02:27 PM

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there Roll Eyes

Can you share which ICO this was for? So other people don't fall for it.

Frankly not enough people do their research, let alone read the whitepapers.

I won´t share the name because I don´t wan to enter a war with anyone (unless I am provoked or insulted). Technically is not a scam, so if people that can´t make numbers try to buy things they don´t understand they will learn from their experience.

Read the WP, check that the team is real an legit and up to the job, don´t trust other´s research and learn. AND PLEASE PLEASE PLEASE ... if you don´t know don´t jump in with all your hard earned savings!! Be careful and even then know that you can loose a lot!

RickyCardero

full member

Activity: 358

Merit: 100

All Time, u can find this people, who invest in strange project.
In time when you read whitepapper, somebody donated to this project. Often people doesnt understand, what they do.

Pjoh ie

member

Activity: 168

Merit: 12

Quote from: paxmao on January 21, 2018, 04:02:27 PM

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there Roll Eyes

I also agreed with you, while choosing bounty we have to see how many token they allocate and how big the possibility of the market price of token the project rate it can be good, we have to monitor all this.

Lingqingyi

member

Activity: 168

Merit: 10

Open and Transparent Science Powered By Blockchain

There will be lots and lots of people who will invest in this ICO.
They don't care if it's a bubble, they just care about making money, even if it's a scam. Roll Eyes

LancelotRay

newbie

Activity: 168

Merit: 0

Quote from: paxmao on January 21, 2018, 04:02:27 PM

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there Roll Eyes

Can you share which ICO this was for? So other people don't fall for it.

Frankly not enough people do their research, let alone read the whitepapers.

bearex

hero member

Activity: 560

Merit: 501

Nice catch. You really have to read over the total market supply and price per ICO coin. Then compare it to CoinMarketCap coins market caps. Over there you can see, where the suggested coin would land with this price. And if it is evaluated too highly, i suggest backing off Grin

cherryganda

full member

Activity: 728

Merit: 131

Quote from: paxmao on January 21, 2018, 04:02:27 PM

I just read a White Paper. It is selling 1 million tokens at, roughly 2 USD each. This would look like a nice company to put your money into, as it has a small cap.

But there is a catch, the guy has created 1 BILLION tokens, so this means that the value of the tokens he´s set is 2 BILLION Grin

Frankly, nowadays you have to read carefully even when looking for bounty out there Roll Eyes

Scary, ICO like this are into money, once the ICO finished soft cap or hard cap, there nothing matter as the DEV have more coins and he can control the pump and dump on tradings, i am pretty sure that this coin will be listed in just short time. having this kind of coin and whitepaper will side on developers profit.

pogpog10

full member

Activity: 251

Merit: 100

Presale is live!

This is one of the main reason we see more and more useless or scam ICOs. They now there are so many people in this community who are looking for a place to throw away their money. We should improve ourselves as community to credit right people and right projects. We are still so careless.

DarkDrake

newbie

Activity: 54

Merit: 0

yea, if you plan on investing into ICOs you better sit down and read the whitepaper INTIRELY. so many people have asked me why i read so much in the whitepaper compared to scimming it.

i keep telling them that if i am to invest my money into something i will do as much research as humanly possible.

Topic: Careful out there... - page 2. (Read 588 times)