Topic: What's going on with Altcoin Herald ACH? From 4000 to 60 in a month (Read 2911 times)

Just recently found out about this. I had them in my bookmarks. Now all I see is this:



Have there been any further updates? I'm only asking because I had a few ach assets on the NXT AE myself.

If they are truly gone then that's a shame. I really enjoyed reading their news articles. Seems so unlikely that it would be a pump and dump scam. I believe the owner used to be quite active on the NXT forums too.

If anyone is interested in a similar investment, here's another one which might be worth a look:


Link: http://bitsofnews.net/exclusive-opal-announces-revolutionary-dividends-program/

l guess altcoinherald is gone!

The Altcoin Herald page on Facebook was active within the past 2 weeks

I remember Altcoin herald website & news. Its sad he took the same route as other crypto pump, dump and disappearing guy.

If you seriously invested into ACH after the pages of scam evidence on NXT forum, you deserve to lose your money.

Pro tip: Leave crypto now, you will get eaten alive if you were so gullible to invest into such an obvious scam.

I don't think there a way to do the reverse? ACH Poloniex -> NXT Wallet ..?
Poloniex trading ACH is pretty useless if you can't fund your NXT account with ACH assets from Poloniex..?

I wouldnt hold my breath for dev updates

The ACH asset owner account has been emptied out: https://nxtblocks.info/#section/accountId/NXT-V9ND-E489-AXUL-5HH5Q

4.1mln ACH (of the total 5mln) were transferred from this account on Jan 26 (first to NXT-XA92-7JP3-BEYX-EA2J3 and then to Poloniex):
https://nxtblocks.info/#section/txid/13382043624448877547

The owner hasn't been active on NXT forum since February 1st, and the site itself hasn't been updated for weeks too ...

Some dev updates please, anyone?

Ouch that must hurt some of ya 

Come talk to you're uncle newbie if you are upset i can tell you what happened, it's a DD what caused this.

There are only 5 million shares, and someone is dumping millions.  Not even selling them dirt cheap, but purely dumping them down from 100 to 21 as if they're after something more important than money.

Anyone reading that thread and knowing even very basic stuff about web site economics...
Would have just moved on... LAUGHING at paying 100 times Fair Value for the ACH shares.

Blogs are generally terrible investments.

Basically, if you are a moron... people will sell you Bad Investments.
It's legal to sell a moron a Bad Investment... I can sell you my $1,000 car for $100,000.

The Nxt Asset Exchange is full of Good and Bad Investments, that's YOUR problem as a high risk speculator.

NXT itself is up 2,000 times in value since launch about one year ago (and has been much higher)...
And there are Crypto Assets out there that will be 2,000 times higher one year from now.

And? Nothing yet? Should we start spamming their Twitter?

Altcoin Herald are slimes. I remember back during the Uro drama they concocted a grand conspiracy story about how Green Earth Systems went out of business and that the developer "bought" the domain and faked the company being in business to pump the coin. Obviously this all proved to be bullshit when the CEO cut a video to prove not only is he real but he speaks English (lol) and the Urose event proved they were very much around. When I called them out on them retracting their BS story on twitter they just put me on ignore.

Whatever they write I guarantee its designed to enrich them or their friends in some way.

Apparently there are "issues". I'm betting the div button is greyed out or smth.

FTFW (Follow the wiki):
https://altcoinherald.com/wiki/index.php?title=ACH

https://i.imgur.com/NwfALP9.png

Anybody get yours?

I did not receive a payout.

ACH are long-con scammers who were ousted in the NXT community back when they listed there. There was a huge controversy over it because they played dumb. When the community persisted, she hired attack-dog posters to come in and trash everyone who had spoken ill of ACH. They were eventually banned from the forums for 3 weeks.

I'm not surprised at all that a "mysterious whale" has dumped shares of ACH. Heather had been accumulating company shares in a number of fakewhale accounts since the start of this whole endeavor. There are also unconfirmable reports that they had been jitney-ing trades on poloniex to up their volume a few months back. I am not surprised at all that people have lost all their money on this one. It now appears as if the reason for the fake share accumulation was so that they could anonymously dump shares and blame it on the market. Well, they got caught, but decided to wait a few months and then do it anyway.

I also strongly suspect that the ACH team is involved in more than one scam in the NXT community.

From http://nxtnews.ca/mediawiki/index.php/ACH#Trust_Issues:

Attempting to Hide Share Transfers to Herself
It looks as if the company has been caught stealing shares for the owner without no payment. When confronted, Heather gave us a story about a group of German Investors who wished to remain anonymous and a transfer button that "doesn't work". A full analysis is present in their discussion thread (read discussion starting here or skip a few details and go to the start of the trainwreck).


Paying Dividends to Unsold Shares
    Issue in progress.
        It seems she's paid dividends to all existing shares, including unsold IPO shares: https://nxtforum.org/index.php?topic=5042.msg121291#msg121291

Heres the main ACH thread on NxtForum:
https://nxtforum.org/assets-board/%28ann%29-%28ach%29-altcoin-herald-now-available-as-an-asset/msg95925/#msg95925

And here are the two best pieces about it from ACH themselves:

https://altcoinherald.com/ach-now-available-nxt-secure-asset-exchange/
https://altcoinherald.com/wiki/index.php?title=ACH

As you can see from the Wiki piece, next dividend payout was scheduled for 31/01/2015.


The ACH asset should be returning a dividend of 40% of Altcoin Heralds gross revenue, though that revenue has probably been hit badly over the last months.
It is therefore incorrect to think of the ACH asset as being backed by 1 NXT.
One ACH cost 1 NXT on issue, but the backing is the expected value as a result of revenue from the Altcoin Herald business.

These shares aren't backed by NXT, the asset owner initially sold them to the public for 1 NXT each (He paid 1000nxt to create the asset, that's all)
And according to this thread it was the asset owner who has been dumping shares on Poloniex (for way less then 1 NXT): https://nxtforum.org/kongzi-news-service/altcoinherald-investor-alert/

So it's risky.

Now the price has tripled.  That might still be a good buy, unless those people who were selling at 100 have some relevant information