So the whole success of this relies on you trading? That's crazy dude, no matter how good you are, you can't win them all. What happens if you get into an accident or something or get sick, the whole project is gone, funds could be lost, there is just no security. Crypto is crazy volatile, what if you lose majority of funds? Omicron isn't a platform like iconomi, where the investment is in the platform itself, and if u choose to use there managed funds, that's up to you. And anyone can create funds on the platform, you should just consider that, managing a fund on the iconomi platform....this project is literally no different than a hyip; trust one person with funds to trade and make money. There is no innovation, or tech in this, just basic blockchain clone for illusion. There is no platform, or software or anything, just a copy and pasted Bitcoin address at the bottom....come on dude lol.
You can have all the platforms you want, all the clones, all the innovation- but the bottom line is, people invest to make money. When people invest in the Omicron IAO, they are also putting an investment in my skills. And each fund manager's skills are unique. Each have a different approach to the altcoin market that they have adapted over their period of trading on one of the highest risk markets in the world. I have a longstanding history on the market, here, and a name for myself- that is why some people choose to invest. I have years experience on the market, experience from 2 coin launches, experience from managing an investment fund- will the managers on ICONOMI have a matching background behind their belt?
When you invest in Omicron, you aren't investing in cloned code. You are putting your money with a unique and experienced individual that is delivering the first dividend-issuing cryptocurrency that will be able to be traded on public exchanges.
I understand that, I have faith that you can make a good deal amount of money trading. My argument isn't that. What I'm saying is people are investing in a trader to make money, not a developer to release tech, not a revolutionary platform where people can create their own funds and manage etc etc, omicron is a fancy hyip and that's where my issue is, you aren't owning up to what it is and branding it something different.
Are you implying entities that issue dividends are HYIPs?
Your dividends aren't guaranteed, only the minor one from poloniex lending....come on lol, anyone can do that themselves. The project is hyip. In a nutshell all of this is a fancy system for your hands to gain capital and you to play with and return profits via dividends, what's the difference if you call it dividend, roi, etc etc. can we just agree this is a good potential hyip?
Also no escrow? Why do you remain anon? What happens if you have a car accident, which is a common thing, and are hospitalized. Funds are gone since you are literally the only person controlling this money. Also, what stops you from running away with a large amount if it ever got that big?
Allow me to define "dividend" for you: "A relative sum of money issued by an entity (oftenly a company) to its shareholders."
Now, allow me to define "HYIP": "A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors."
In the case of OMC, the company is Omicron itself, and the shareholders are anyone that owns a balance of over-10,000 OMC. I take offence when you label this as an HYIP. This is far from a pyramid scheme.
The discussion above is finally slowly showing the epicenter of the earthquake that is going to happen in this project sooner or later
One mistake made by the OP and all "investors" are just f*d
Why to give your money to anyone while you can do exactly the same on your own? Come one people...
There are many, many reason why people give money to others to invest for them. One of the biggest financial industries in the world is based of this entirely (mutual funds, hedge funds, etc). People don't have time, they lack experience, they don't want to take the risk themselves, they lack the tools, they lack the market power, they want a better chance at returns, people want a more suitable individual for the task- there are too many reasons to list them all.
And yes, you don't have to remind the community that there are risks involved with investing. The moment you deposit a coin on an exchange, you are taking a big risk. The moment you open a position in an altcoin, you are taking one of the biggest risks in the financial market.
Yeah, yeah, I know this type of babbling very well, but don't use these nice tricks like comparing your project to the biggest financial industries in the world.
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People don't have time - it's not that time consuming as it looks like - people
tend to be lazy and think others will make something for them which is completely irrational
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they lack experience - yes, I guess they do, but they can get experience quickly
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they don't want to take the risk themselves - so you mean that the risk is reduced thanks to You? Hmm....
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they lack the tools - tools are available to everyone these days, what tools do you have that no one else can't get or buy?
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they lack the market power - so you think after this ICO you will have enough power to beat the market? well...
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they want a better chance at returns - they have exactly the same chance as you have, why do you think your chances are higher?
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people want a more suitable individual for the task - yes, and you should rather offer your investment services to individuals rather than trying to run a mass project that can fail and create substantial losses to many people. Your business model in this project creates risk for many, and you can reduce it by offering the same to limited number of people.
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And yes, you don't have to remind the community that there are risks involved with investing. - there're many newbies these days, so it's never enough to remind and warn