Topic: IEOs from binance not worth holding ? - page 3. (Read 406 times)
It is not enough for you to look, you need to see also, there is no way people that got into the IEO would not be happy with Cartesi with the current price because they are still in profit, what I see is that they are trying to shake out some weak hands, remember Matic IEO dumped after the IEO then did something like 50X later
The Cartesi IEO price was 0.015 USD for the IEO investor it still profits a more than x2 profit. I guess it is still worth it, Most of the projects there are above IEO price it never hit lower than the IEO price. I guess the safest platform to invest now is binance but try in your own risk the market is volatile we don't know what will happen but think on things to minimize those risks.
I never thought the team priced their token that low during their IEO, today the price still is 0.04USD. Didn't the team short-sell themselves when developing their product?
Investors will really be dumping it when the price spikes up to $0.08, it's no wonder that investors who bought at 0.04SUD will really be frustrated.
I disagree with you mate, we have seen many projects over time from Binance succeeded in their rise in price even after their IEO on the exchange. Project as SOL were executed on the exchange and after their IEO the price moved from low to high and all investors were happy be part of the project. Many projects on Binance exchange face many difficulties when the team projects relaxed their project and stay back to grow their project. And with time, the project deteriorating will begin and the project will wnd up like sh*t.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
Many IEO that happened on binance are down more than the IEO price for example Harmony one, the answer I can give you is binance gets the job done and the job is to raise hardcap target for every new projects, anything that happens after that is not binance problem anymore, project teams must do better jobs to make coins or tokens have better value and keep growing.
I agree, Binance is just out there to spice up the IEO thing for a certain project like Cartesi. It would entice the investors to invest and get target amount found for the project but after IEO was succeafully done Binance has nothing to do with the project anymore aside from it is being listed there. The has continue its developments and shows to the community that they are thriving in making innovations in the platforms they have chosen.Many IEO that happened on binance are down more than the IEO price for example Harmony one, the answer I can give you is binance gets the job done and the job is to raise hardcap target for every new projects, anything that happens after that is not binance problem anymore, project teams must do better jobs to make coins or tokens have better value and keep growing.
I agree, Binance is just out there to spice up the IEO thing for a certain project like Cartesi. It would entice the investors to invest and get target amount found for the project but after IEO was succeafully done Binance has nothing to do with the project anymore aside from it is being listed there. The has continue its developments and shows to the community that they are thriving in making innovations in the platforms they have chosen. Since many are saying that IEO is the best initial offering in crypto space today, most especially if they are from top exchange then I started looking for IEO from top exchange, I followed Cartesi which was successful on binance and price was at 0.08$ and today it's down to 0.045$, it looks like this drop will continue because Bitcoin keeps growing since two days ago now but this coin keeps going down, what is going on? Is binance IEO just for short time gains only? Are IEO tokens from binance not worth holding ?
That's a good observation but remember that same thing can still happen to other projects which had IEO on other exchanges.
From my own view, I see it this way, the exchanges, be it Binance or not, helps the project in question to carry out their IEO and help them to success if possible, but after that, the rest of the job falls down to the project team and this is where their idea and use case will start speaking for them. A good team with good use case will try their best which will show on their token's price and vice versa. Also, after IEO it is assumed that most people will dump, hence it is also good to give the project time to see what will happen.
Since many are saying that IEO is the best initial offering in crypto space today, most especially if they are from top exchange then I started looking for IEO from top exchange, I followed Cartesi which was successful on binance and price was at 0.08$ and today it's down to 0.045$, it looks like this drop will continue because Bitcoin keeps growing since two days ago now but this coin keeps going down, what is going on? Is binance IEO just for short time gains only? Are IEO tokens from binance not worth holding ?
I think your thread title is confusing, I'm doubting if you participated in that Cartesi IEO, My opinion is this! before you invest in any IEO or other crypto related things you should consider first the risk associated in it. Cryptocurrency investment is a high risk form of investment because of its volatility and weird fluctuation of prices as you mentioned you just closely follow the trading price of CTSI tokens with ranging $0.08 and now its only $0.045 did you know that the IEO price was start at $0.015 cents so it means it was still higher from the IEO price. thats why I dont understand why you are saying "IEOs from binance not worth holding" thats a negative thought to me. If you wish to hold and IEO tokens it was your own choice and the responsibility is also yours and not from Binance or whatsoever. The Cartesi IEO price was 0.015 USD for the IEO investor it still profits a more than x2 profit. I guess it is still worth it, Most of the projects there are above IEO price it never hit lower than the IEO price. I guess the safest platform to invest now is binance but try in your own risk the market is volatile we don't know what will happen but think on things to minimize those risks.
As far as I know, Celer, FET, Harmony went below IEO price. If someone invested in these altcoins, they would definitely lose money. I agree with OP, don't invest in these altcoins because once listed, the price will definitely go down every day. If we are not successful in IEO then we should ignore them 
The Cartesi IEO price was 0.015 USD for the IEO investor it still profits a more than x2 profit. I guess it is still worth it, Most of the projects there are above IEO price it never hit lower than the IEO price. I guess the safest platform to invest now is binance but try in your own risk the market is volatile we don't know what will happen but think on things to minimize those risks.
I think it is a little bit early to put Cartesi in evaluation list. Cartesi havent shown its full strength. So far they have one tower defense game and few other dapps (game is most popular their "work"). It is obvious that token price will now go down after IEO. We should look at "them" after half a year and see what they really worth.
Holding does not have to be about ieo tokens from binance but about what such projects has to offer the entire blockchain world in terms of adoption.
Either the ieo token is from binance, kucoin or gate io, focus on the token.
Dyot
Strategize whether the token has a long term use case.
Then decide from your analysis whether to hodl
Either the ieo token is from binance, kucoin or gate io, focus on the token.
Dyot
Strategize whether the token has a long term use case.
Then decide from your analysis whether to hodl
Yes you are absolutely right, this is happening in most of the cases. So in these cases holding will be nothing without loss. But if you are able to buy something from IEO, it will definitely give you a good profit.
The problem is not so many people able to join in the IEO and that means when you are seeing the lottery scheme that alreayd used by exchange site like binance and that will give a lot of benefits only the big holders caused by they can get more ticket. It's a very bad decision to use IEO token as a long term portfolios and it will always result into the loss. Since many are saying that IEO is the best initial offering in crypto space today, most especially if they are from top exchange then I started looking for IEO from top exchange,
The first and foremost thing you need to understand is that scammers will get hold of new techniques to make money, now everyone knows the shit show the ICO market made, the ICO was a novel idea but then it was swarmed with scammers trying to loot the money and that will be the case with IEO, if you really want to take the risk, invest and get out and never hold for a long time as you never know how long it will last.
The Cartesi IEO price was 0.015 USD for the IEO investor it still profits a more than x2 profit. I guess it is still worth it, Most of the projects there are above IEO price it never hit lower than the IEO price. I guess the safest platform to invest now is binance but try in your own risk the market is volatile we don't know what will happen but think on things to minimize those risks.
Yes you are absolutely right, this is happening in most of the cases. So in these cases holding will be nothing without loss. But if you are able to buy something from IEO, it will definitely give you a good profit.
Cartesi's success is understandable since they very well in touch with the community, show a strong backline on their coin. Being on Binance is a plus but it isn't sure-kill to success like few IEO brag about to stir up the hype around their coin.
Exactly that... IEOs on Binance are all just pump and dumps.
If you can get in at the IEO stage or sometimes within the first minute of trading becoming available, then you can often secure a nice profit.
However, if you're thinking about holding these tokens long-term, then prepare to be absolutely rent, especially if you bought in at the peak.
Just take a look at the previous IEOs on the Launchpad, compare their IEO price, peak price and current price. You'll find that most pumped to crazy heights, but then fell back to around or even below the IEO price.
Not a gamble I'm willing to take. A project built on hype will not prosper.
If you can get in at the IEO stage or sometimes within the first minute of trading becoming available, then you can often secure a nice profit.
However, if you're thinking about holding these tokens long-term, then prepare to be absolutely rent, especially if you bought in at the peak.
Just take a look at the previous IEOs on the Launchpad, compare their IEO price, peak price and current price. You'll find that most pumped to crazy heights, but then fell back to around or even below the IEO price.
Not a gamble I'm willing to take. A project built on hype will not prosper.
There's a lot of expectations that I've seen how this is going to be a game changer.
But we can't ignore those projects that were committed IEO before on that exchange became successful. And it's just the market that made the prices lower because of different factors.
But we can't ignore those projects that were committed IEO before on that exchange became successful. And it's just the market that made the prices lower because of different factors.
binance only has the task to sell all tokens of the project until it reaches the softcap or hardcap that we often hear as IEO, after all that is done by binance then now it is the job of the project developer to maintain the price, namely by developing the product properly. binance has nothing to do after IEO ends
Feasible or not hold IEO tokens all depend on the quality of the project, not seen from the exchange chosen to do IEO
indeed the place of exchange only provides facilities to carry out transactions between sellers and investors or buyers who wish to participate in IEO while the price movement depends on the support of the developer of the project being developed.Feasible or not hold IEO tokens all depend on the quality of the project, not seen from the exchange chosen to do IEO
so the Binance exchange place can't be blamed when the token price from IEO isn't profitable.
Since many are saying that IEO is the best initial offering in crypto space today, most especially if they are from top exchange then I started looking for IEO from top exchange, I followed Cartesi which was successful on binance and price was at 0.08$ and today it's down to 0.045$, it looks like this drop will continue because Bitcoin keeps growing since two days ago now but this coin keeps going down, what is going on? Is binance IEO just for short time gains only? Are IEO tokens from binance not worth holding ?
Never try to take any IEO for long term hold. I have been following all of IEO platforms and the majority of IEO will be very profitable at the early trade after the end of IEO sale. You can even take all of IEOs that launched on the binance and try to take a small comparison between the early chart and long term chart.
Nothing is reliable and trusted. Binance is the top exchange and they are making profit. Top exchange provides liquidity. I think projects are not successful because of manipulation by the team. Cryptocurrency market is still small. Looks like people are losing on IEO but gaining on Exchange.
Jump to: