Careful out there... - page 3. | Bitcointalksearch.org

eaglewhite80

member

Activity: 406

Merit: 36

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 won't be surprised that some investors will still fall for it anyway. It is a crazy world out there in the ICO field, and it takes being extra careful to be able to succeed which is why I do not even bother myself as long as the team does not have a good record or history to hold on to.

paxmao

legendary

Activity: 2366

Merit: 1624

Do not die for Putin

Quote from: dark1jerk on January 21, 2018, 06:04:07 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

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

Some trader invests on a coin with promising tech background and future projects.
If they see that they can profit on that coin they will get it make make profit of it.

Can't you see the problem here? It is impossible to make a profit, any profit, unless the token goes at leas x1000 if not more.

paxmao

legendary

Activity: 2366

Merit: 1624

Do not die for Putin

Quote from: yura888 on January 21, 2018, 06:07:28 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

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

Agree, the developers create many projects where they have a critical amount of coins they can sell any time . I believe that all unsold tokens should be burn

In this case is not a question of the tokens being kept really, is just a question of setting the token price as if a company was worth billions when it's just a garage thing.

paxmao

legendary

Activity: 2366

Merit: 1624

Do not die for Putin

Quote from: QFT on January 21, 2018, 04:04:16 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

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

You might be amazed of how many people will invest anyway, many people are oblivious.

Oh yep, the guy is just trying to get his 1 million, so he is likely to succeed because people throw their money to anything that has the keywords and buzz.

yura888

full member

Activity: 364

Merit: 100

“Create Your Decentralized Life”

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

Agree, the developers create many projects where they have a critical amount of coins they can sell any time . I believe that all unsold tokens should be burn

dark1jerk

newbie

Activity: 42

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

Some trader invests on a coin with promising tech background and future projects.
If they see that they can profit on that coin they will get it make make profit of it.

bamboylee

hero member

Activity: 1148

Merit: 504

The price alone is a red flag. I will never invest on a 2$ per token when it is still on ICO. That is just too much risk. If it is already live, have a working product, then I can invest on it but not before.

Unfortunately, most investors are too lazy to do their work. They just ride the hype when investing. So there are really very few successful investors on ICOs.

wilberthh

member

Activity: 462

Merit: 12

Indonesian Translator, #1 Quality is prioritized.

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.

If I'm not mistaken, a coin tend to rise it's value if it has a limited supply right? Sorry, no offense sir!

@OP : 2$ per coin for a 1 billion total supply is really..... bad. What ICO is this by the way?
There will be those people who will invest in it anyway. It can be more than 2$ of course, but it won't be easy. At all.

GreatOrchid

legendary

Activity: 1092

Merit: 1001

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.

CisColtz

full member

Activity: 210

Merit: 100

It's bad to see that people are really investing into projects like this without even reading the whitepaper or check out the team and so on. We have the bitconnect the most recent scam and still people are putting money into projects with a dreaming reaching capital.

ghonkz

full member

Activity: 459

Merit: 117

Some peeps would still to invest on that project as long they gonna make profit from it. like seriously, as lonng you convincing enough with your project and how you want to run it people will believe it.

Quantumplation

sr. member

Activity: 308

Merit: 250

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

That is kind of funny because they usually have a pre mine that is associated with their project to trick their users.

QFT

sr. member

Activity: 476

Merit: 250

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

You might be amazed of how many people will invest anyway, many people are oblivious.

paxmao

legendary

Activity: 2366

Merit: 1624

Do not die for Putin

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

Topic: Careful out there... - page 3. (Read 588 times)