Why Big Successful ICO Coins Price are sinking? - page 11.

pinoyrichkids

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Quote from: akashark on October 03, 2018, 08:44:00 AM

What's going on with big successful ICO projects? Big Successful Projects like Pumapay, HDAC, Cryptosolartech, Bankex. Look at their coin price, every coin price is like nothing and their trading volume is too low! Pumapay raised 117 Million USD, but their trading volume less than 2 Million USD and coin price are just ridiculous. HDAC, Such a promising Project it was, but HDAC ico investors are lost their investment, ICO price was 1.25 USD per HDAC Coin and now it's trading with 0.037 USD! Seriously? And the same thing happened with Bankex, Cryptosolartech. But Why? What is the reason behind it?

The only reason is that early investors tried to sell their purchased tokens during dump, in order to recover their investments, this is one of the primary goal of investing, to recover first the capital invested and after they sold their holdings, they dont mind anymore what would happen to the project, this is the reality of ICO nowdays, but i hope that we shall support those projects that are good.

chakhigh

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Activity: 616

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FRX: Ferocious Alpha

It is all a matter of backing the crypto price with real life used value my friend.
Meaning, if there is no way to back the price of a digital asset with a real stable material value, then how can we expect the price to stay the same?!!

Take a look into Gigzi project, (suppose everything going well), there is a small chance the token price will go down, as it is backed by precious metals price. Price of 1 Token = Price of 1 Gram of Gold.. I think this can relieve the volatility issue in crypto..

fortunecrypto

legendary

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This is the sad state of the cryptocurrency, and this is one of the main reason why ICO right now are having a hard time reaching even their softcap, and there are so many failed ICO and not to mention scam ICO flooding the market and people are asking if there is hope in the market well things will come to pass and we will see only legit project coming up.

sinkfish

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Activity: 252

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Quote from: ImHash on October 03, 2018, 09:24:28 AM

One reason I could think of is that, It's a scam Cheesy

When you have a project raising millions of dollars, Pricing their coins at let's say $1 per coin when investors wanna buy them in the event of an ICO and later the price drops down, It was a scam coin, Team and project.

its not hard for them to slip in to the market during bull run... it might look similar to other coin. when the market start to bear, the immediately dump their coin and leave the market. there quite a lot developer do the same.

sulis sudibyo

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Volare.network

Quote from: akashark on October 03, 2018, 08:44:00 AM

What's going on with big successful ICO projects? Big Successful Projects like Pumapay, HDAC, Cryptosolartech, Bankex. Look at their coin price, every coin price is like nothing and their trading volume is too low! Pumapay raised 117 Million USD, but their trading volume less than 2 Million USD and coin price are just ridiculous. HDAC, Such a promising Project it was, but HDAC ico investors are lost their investment, ICO price was 1.25 USD per HDAC Coin and now it's trading with 0.037 USD! Seriously? And the same thing happened with Bankex, Cryptosolartech. But Why? What is the reason behind it?

I'm also confused about this. like there is something strange when ico they have very many investors. but when their coins are listed on the market, they are like losing investors in an instant.

rafa_uefa3

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Activity: 280

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Quote from: akashark on October 03, 2018, 08:44:00 AM

What's going on with big successful ICO projects? Big Successful Projects like Pumapay, HDAC, Cryptosolartech, Bankex. Look at their coin price, every coin price is like nothing and their trading volume is too low! Pumapay raised 117 Million USD, but their trading volume less than 2 Million USD and coin price are just ridiculous. HDAC, Such a promising Project it was, but HDAC ico investors are lost their investment, ICO price was 1.25 USD per HDAC Coin and now it's trading with 0.037 USD! Seriously? And the same thing happened with Bankex, Cryptosolartech. But Why? What is the reason behind it?

Maybe some team behind projects dumping coins silently ? or some very early investors with big 200-300% discounts dumped all
coins...

jyotianand01

sr. member

Activity: 980

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This is not happening in particular coins but all coins of the market as market sentiment is weak and effect of that is showing clearly. Even BTC price is also sinking and all coins follow the base currency of this market and when BTC start rising then market also start to going with that trend.

Russlenat

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This is all because of the market fall, all crypto and even the successful ICOs are also falling, I think it's true that all altcoins is just rely on bitcoin price.

btc78

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Eloncoin.org - Mars, here we come!

Nothing to deny that this is the impact of dip market,investors are afraid of their money so they have dumped their coins for safeties of their hard earned money
and even how we trusted the project we cant deny the fact that we don’t want to lose as big on our part when we can pevent this from happening this is a investors instinct

Monro3000

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Activity: 448

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As soon as the level of trading volume falls, then immediately after it the price flies down. Because it is an indicator of distrust to the coin and not a desire to trade it. Unfortunately, the bearish mood on the market has turned many good coins into useless candy wrappers.

ghost07

sr. member

Activity: 602

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Because the market is also bleeding and the investors are converting their tokens into BTC or Fiat,
That is the real reason why it is dropping don't blame the bounty hunters because they just hold a small portion of the whole supply.

thesmallgod

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They are sinking because the price of the tokens are tied with base altcoin which is ETH, NEO, EOS and ones the price of those base digital currency start falling then they will also go down. This is exactly what is happening now. Dont forget this token have ones also rise even above the ICO price before that was when the ETH price rise to around 600. I can remember vividly the AION that I participated in their Bounty. Despite the massive dump during the listing, the coin recovered and rise more than 3x of the ico price but today the coin has fallen less than 500% of initial price.

zabir.brutov

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Because everybody is waiting for the next bull run. At the moment every investor is holding, because it is very risky to buy the coins at the moment, because nobody knows what will happen in the next days.

Perfect35

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This fault sometimes, might not come from the projects itself, but the market situation which determines the price, alongside other factors can bring about this effect. I have seen quite a number of them dumped. Even if the project team decides to do a buyback, there is little to how far that can go,because after the whole buyback, the price might dump again. So organic growth most times is the best.

Elysio

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because pre-sale participants get very cheap prices. people who buy from the public sale are costly and they suffer damage. Purchasers from pre-sale are not locked in coins. therefore they are selling immediately.

drachman

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Quote from: akashark on October 03, 2018, 08:44:00 AM

What's going on with big successful ICO projects? Big Successful Projects like Pumapay, HDAC, Cryptosolartech, Bankex. Look at their coin price, every coin price is like nothing and their trading volume is too low! Pumapay raised 117 Million USD, but their trading volume less than 2 Million USD and coin price are just ridiculous. HDAC, Such a promising Project it was, but HDAC ico investors are lost their investment, ICO price was 1.25 USD per HDAC Coin and now it's trading with 0.037 USD! Seriously? And the same thing happened with Bankex, Cryptosolartech. But Why? What is the reason behind it?

You already know the answer to that but you do not want to admit it, the market is not giving profits to almost anyone, even if those projects were any good the circumstances in the market are terrible and almost no coin is going up after it enters the market, the only thing that you can do if you are invested in those projects is to wait for the market to recover.

Vilagra

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Quote from: akashark on October 03, 2018, 08:44:00 AM

What's going on with big successful ICO projects? Big Successful Projects like Pumapay, HDAC, Cryptosolartech, Bankex. Look at their coin price, every coin price is like nothing and their trading volume is too low! Pumapay raised 117 Million USD, but their trading volume less than 2 Million USD and coin price are just ridiculous. HDAC, Such a promising Project it was, but HDAC ico investors are lost their investment, ICO price was 1.25 USD per HDAC Coin and now it's trading with 0.037 USD! Seriously? And the same thing happened with Bankex, Cryptosolartech. But Why? What is the reason behind it?

It is simple, almost all of these projects collected money when there was a big bull run and after this market began to drop down and many projects fell 10-20 times, these projects fell too, for example HDAC collected 320kk in the previous december, it was a big hype in crypto, people invested in everything, nowadays HDAC wouldn't be able to collect even 20kk, if we imagine that Hdac is traded nowadays by ICO price and its capitalization is more than 320kk, it must be on top20 coinmarketcap, it is too much for this project. This isn't HDAC's problem that people invested in december-january without thinking that 320kk is too much for this project and it is hard to wait profit from this project, than more hardcap than more probably ICO will be trading below ICO price because everyone who wants to buy their tokens could do it during the ICO, and when token lists on exchange noone need it.

Felic43

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Bitcoin is down ethereum is down and most of this ICOs are base on bitcoin and ethereum so it will definitely affect them, possibly not too strong ICO will fall totally

Bezobraznike

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★Bitvest.io★ Play Plinko or Invest!

Quote from: okeanos on December 04, 2018, 02:32:22 PM

All crypto market has down after killer bearish condition. People get stressed and sell their coins in lower prize. I think it is not for everyone to see their hard earned money goes down -%10 everyday.

It`s not easy to look at that, but some of us save those coins despite this hard drop in prices. I think one day this market will grow a lot more
than ever before. Before everything this is a technology that will be adopted worldwide one day. This fluctuations are just reflections of actions
inside crypto-community, which is small compared with entire world population.
Many more people needs to get interested in crypto-currencies, when that happen, and I believe it will, prices will go to the moon as some early
adopters used to say.

chenczane

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Even the coin raised a huge amount of money, it doesn't have a bearing on the current price on the market. It's all about supply and demand but for crypto, it also depends on the price of main coins like Ethereum and Bitcoin. If both of them falls down, so as other coins as they are dependent on it. We all know that alts doesn't have the ability to be converted to fiat and it relys on another altcoin to do that. You know what I mean.

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