Bitcoin Forum

What is going on with BANCOR? Price just keeps dropping and dropping. This was the biggest ICO ever. I know that it should be listed in more exchanges because it starts going up, but its just ridiculous. Is 50% down something like that. Any opinions?

If you look at the graphs the Bancor ICO actually correlated with the peak. It was the peak.

The bubble is over, the greed from these companies was getting silly and now they will watch their fortunes disappear quickly as all ICO holders run for the exit...

I mean $150 million. Come on. For nothing...

Well, I don't think that the situation is that bad. We have seen drops like this in the past and people always say that everything is over. There should be a more objective explanation

It was oversold and everybody got tokens. Now everybody wants out because they realised they wont make quick profit

I didn't think the idea made sense in the first place and I didn't invest. I (and others) made posts on it in the Bancor thread.

Flipper's already dumped their coins, they smelled that there won't be any profit for them flippening BNT. The holders will hold eventually, but this bubble is subsiding now. It will be bear market for some months from here on.

I can see BNT dropping more, as well as other alt's. It's bad timing for BNT IMHO.

What is now going on with BANCOR?

What's happening right now is not at all surprising. Whales are exploiting the flaw in the Bancor model which allows unlimited leakage via one-way arbitrage. The price will keep going down until the floor is completely gone. After that it's game over.

Nothing to do with Bancor, ain't you aware of crypto market gone red in the past 24h? only now there are corrections.

I was unable to invest on Bancor ICO but finally I bought some now when price is low :)

Three things.
1 - I guess many ppl expected to see 5x-10x increase in price within days or a few weeks. Unfortunately for them, Bancor seems to be more like a long term investment what not really able to grow in value without some practical/real life use cases (what it certainly doesn't have at this time).
2 - Also, the ICO price was quite high for it's current state.
3 - The ICO happened during the peak of the latest altcoin price upsurge.

Probably we'll see one of the biggest dumps in crypto history.

So many random investors got into the crypto world in the past month.
Most of them with zero knowledge about blockchain or crypto market.

They buy altcoins like it's a roulette and expect money in 24h. or they invest in ICO then getting upset it's not listed on exchange day after with x10 increase lol

At least they got some hype to this market, but on the downside they most likely brought us the "EOJ Massacre" that we've seen in the past 24h.

Pretty normal. Everything has gone down. So Bancor follows the trend.

bancor didn't go down, it has same price like at ICO: 100 BNT = 1 ETH

It went down to 0.00903981 today but recovered above 0.01 by now. Will see what will happen in the coming days. It would be nice to buy some around 0.005 :).

1 ETH = 10BNT was worth $380 at ICO
now $260

a huge loss...other ICO's did much better...

tokens need to go up in value vs. ETH or BTC; in order to mitigate risk.

Bancor got too much investment in ICO, so there won't be a space for exchange trading. Also ETH price went down, ICO investors are in huge loss. I wouldn't give a penny to these ICO's anymore. 40 lines of code worth 120 million dollars? No thanks.

bancor is a good program itself, but it collect too much eth in the ico, too many profit was taken by the fund team, and there is little left to the secondary market, in addition, the market is do down recently

For who started with ico, they ended up a loser. My plan is buying while prices are going down. I dont think BANCOR will not dissapoint anyone but it needs some more time.

Yes Bancor price is dropping. Not this one but every ICOs of company is dropping after listing on the exchange. Do you know or any idea that this price will go up in future?

From the social media bounty i got some 235 BNCZUK. Can any body tell me how much BNT or Bancor will be? What will be the total value in Bitcoin for this amount?

Correction 1Eth = 100 BNT. It's true but had you hold ETH you would not be any better. Bancor will add more value once they launch their platform. So wait patiently.

There are also more campaigns that did not automatically pays after the ICO's since after it, there are more works to be done. Auditing of posts, disqualifications of fraud participants,handling tecnical issues putting on exchanges and platforms etc. So, let us be patient. Really. Bancor I think will is doing fine. Just give them time.

that's right, dev should take this care first for the benefits of its investors not those who only works for sometime and then after receiving bounty rewards they can easily dumped but for sure this project still on its way to succeed, many things needed to consider like what you said mate everything needs to settle correctly.