Does no good to say things like this here. I've even detailed WHY it's not worth close to $1m. Non-investors that wish they were investors are here and will bash anything you say because of their ignorance. And then when they don't ROI, they'll come crying "OMG WE WERE SCAMMED" when they weren't.
I'd love to see an idea like this work, but its valuation is obviously way off. As long as non-investors keep blindly throwing their money at things saying "OMG ITS A BITCORNS AND NOW WELL BE RICH LOL" it'll never end. I think I've seen two legitimate investment opportunities over the past few months.
The ROI has no time limit though I think that's what the people who are investing count on - you can earn endlessly, if the product sticks around anyway.
Great! I'm starting up a new grocery store. Okay, so WMT is worth something like 800b, Kroger around 300b. Toss me some money and I'll give you a valuation of 500b (in between). Those two have set precedence for how much I'm going to be worth later -- in some unknown period of time -- so it's a great deal!
(Disclaimer: Uh, no. That's not how the real world works. I can tell you for a fact no accredited investor would be involved with this because they aren't stupid)
These guy's hide their face and real names, they probably aren't seeking credited investors, but none the less you have a solid point - this is why I'm probably not going to buy into the ICO but I will play the exchange game when the price falls, and it will probably fall let's be honest.
The point behind the accredited investor comment is... if you're not an accredited investor, there's a reason for that, and it means you obviously don't have the knowledge and expertise to handle a real investment logically (otherwise you'd have already worked your way up to accreditation status). While there's a lot of people in here arguing about how great of a deal this is/the site is/etc., I can promise you none of them match that criteria, and it's pretty obvious why.
Is it just me or is this guy just here to heckle?
I don't see any logic in his points or data for that matter
Oh well, anyway I'm pumped to get in on this kroger investment bro.