my sense is that interest in this project has cooled since the frenzy of April (Peak Tezos).
obscure coding language
governance that is no longer a USP
founders focused more on their exit than building the community.
Peak Tezos, I like it.
Definitely looks less interesting to me. Lots of more appealing ethereum ICOs with something unique rather than just the governance.
People don't want to vote on corporate issues-witness theDAO where people did not master more than 10% vote on even the urgent security upgrade. Remember when was the last time or how many times you voted to elect some corporate honchos in a company you have shares in?
Here, they try a whole new network. It might work, but ethereum juggernaut appears to be way too strong.
The thing I've learned that concerns me the most, is that these ICO's can bust... my biggest questions:
1.) What is the likelihood of the XTZ coin never making it to the exchanges?
2.) What happens to the money invested if XTZ does not make it to the exchanges?
3.) Can anyone site examples of legitimate projects that went bust - and possibly explain why?
Thank you for any help you're willing to shell out.
Many Many Many projects go bust. Exchanges, mining companies, alt coins, chip manufactures, and ICOs. Just look at the DAO.
The coin will most likely get created, and will most likely get on an exchange. The question is, will it be worth more or less than the ICO price (in comparison with BTC or USD?).
When ETH did the ICO, same thing happened. Signing away your money for a year with the hopes and dreams that it will grow. After ETH was listed, it dropped in price but I dont believe it hit the ICO price. Things eventually worked out but even if you skipped ETH's ICO, you would still have made a killing from buying on exchanges later.
Just split some coins of to the side if you have some extra and hodl. Come up with strategy and stick to it and you'll be fine. =) . [and never sell 100% of a coin cuz you never know!]
Good luck!
That's very helpful... thank you. A few questions if you don't mind:
1.) If you were to quantify it, how much risk - expressed as a percentage - is avoided by waiting for XTZ to hit the exchanges and buy it then, vs. investing in the ICO?
2.) My observation is that nearly all coins drop to about 50% of the price they opened on the exchange for within a very short period... would you agree?
3.) What would you guess is the likelihood that this happens with XTZ?
Again, thank you for your earlier response
I don't think that it is possible to predict what happens after the listing. Sometimes what you described happens, but Gnosis (GNO) sold at $30, opened at $60 and more or less kept going to $259 currently. Others (Eth, GNT) declined (albeit not to ICO level in at least eth case) before turning around and going higher.
