Bitcoin Forum

Bancor continues its decent into hell. How low will it go? According to the ICOstats website, the price is now going below the ICO price... some people were smart and cautious enough to not get involved, since they saw how if it's uncapped, everyone that wanted to buy Bancor already did, so now it's only going down for god knows how long. When will the demand go up and why it should go up anyway?

There is no reason what so ever for Bancor price to increase the coming years. Its just a polished python implementation for smart contracts that has cost 150 million USD

The reason for the Fall is currently un Banco, ETH fall . It is too early to comment .

But there's way more than that. You can't say that the ICO is a failure due Ethereum crashing. That may have to do some with it, but it does not justify the price going below ICO. The price should have held above the ICO if it wasn't oversold, but the way they distributed the tokens was a mistake it seems.

I'm really glad I avoided Bancor, but that's only because I got burnt by BAT

Bancor may be the worst ICO so far, but there have been a lot of over-hyped and over-sold ICOs recently, and the trend is for them to get worse.
Tezos is over $100million now, with about a week and a half left to go...

oke so a project just finished an ICO and we all expect x100000000000000 right away????? its overbought and it needs time. let them first prove and do something?

Hopefully people will learn not to invest in overhyped icos.
These companies don't need +50million to start.

Not only do they not need it, but also have nowhere to utilize such funding and not even a way to handle funds as forclosure isn't part of the plan for crypto currency.

They can utilize it in bonusses and salaries

A very good project liquidity in terms of Bancor .

I saw worse ICO's but we can say that Bancor failed to deliver anything after ICO. It's no surprise that after they collected 120 million dollar in ETH, ETH value decreased because of huge sales. So ICO investors have 2 times in loss now. They bought Bancor token with expensive ETH, now both ETH and BNT is in very low price range. It's one of the worst ICO's.

it is a big drop from about 17 usd to about 3 usd (now).

The Devs seem very profesional,
the market is different.
I dont know the next price,... nice discussion. I ll follow the update

it's just too early to make a conclusion, the price might be down right now but who knows if the devs make a huge movement that could lead to token into a better rate?
The project itself is funded with huge amount of money and the devs seem have made an important movement to prevent from the price falling into the deepest, Just wait and see, some people even said that bancor is not a short term investment.

Worst ICO ever

..

But best SCAM ever!!


Don't worry, some people got very rich with your investment :-)

The ICO was rubbish but its not going below ICO price anytime soon due to the price floor. It will either mirror ETH or it will go up a little bit in my opinion.

I don't like ICO, but also we cannot yell "scam, scam" without evidence. I thing only problem here in volume that is collected, but team is not guilty for this, they did their best to convince you that this is be somethiing special.  Investors are responsable for their decisions, end.
But ok now it is too early for conclusions and i don't know why people start to panic instantly after their investment starts trading on an exchange? Wait for a while, this might end up good after all.

But as far as I know and according to the ICOstats webpage... it's still above ICO price.
As long as it's above ICO price then it's acceptable, what's not acceptable and clearly points to failure is when ICO investors are losing money.

Well I don't think so. Bancor raised $152,000,000. Market cap of Bancor at the time of writing is: $113,939,275

I clearly don't see how it can be above ICO price...

Also Bancor go down because ETH go down of course. The things is that BANCOR was overhyped and the project itself looks like a bubble in a bubble.
I really don't see BANCOR as a promising project. It is just a pure speculative product no more no less.

Do not forget Waves has been trading under ICO price for more than a year before bringing real profits to its investors, and not even thanks to anything from Waves but from the altcoins global pump...

Maybe Kraken I think I might buy soon. The Kraken also EoS committing the transaction. They don't take Bancor . Very interesting

Absolutely.

How can anybody be so crazy and create a token that is generated from thin air? It is like a never ending ICO. No potential for profit = not interesting = no point in hodling = risk of dumping :(

It is clear that BNT network token must be like this (dynamic); but they should have separated the "blood" of the network from the investment token.....

Bancor was the biggest empty bubble of all time projects. I don't know how but they did an amazing marketing so all of the fool people invested their money in it. I was shocked when I saw the amount they raised. Their team is probably very busy with counthing their money. Nothing else to say.

People that hold bancor coins can sell them for the ico price, so I don't think it is a bad project. Every startup project needs time to bring profit to investors.

Maybe some things will be changed when this protocol star with it's use, till then investors are on needles..ICO is risky but most efficient you must admit. Don't forget market manipulations, without doubts we will see pump, but when? Even much worse cois had a pumps, so there are no rules.

lol. 

These people who expect instant 10x on their investment is what will really be the death of icos.

I don't think bancor is a bad investment. I also don't expect to get x10 in one week, even I would like this :)
I think to go for months to see a grow.

And they should. Buy wall is only 100k eth, once that goes, this coin will come crashing down.

1 eth = 100 bancor, it is the possible lowest price of it.

Bounty up when the price is reduced by 5%.

BANCOR is still about 5% above ICO when you calculate with coins. The dollar price is below ICO because the price of ETH sunk.

yeah that's right since the price of eth before ico is really hyping now that it fell down the value of this coin fell down with it too, but for those who knows how to play for sure they still seeing some potentials and they will hold till they see enough profits.

If they want to dump Bancor they had plenty of opportunities, or they did it already. And if something ain't going down its is preparing to go up, and this is how things works here. Nothing special about Bancore but it can be if whales decide to take it's destiny in their hands. Let's wait for a while, this situation cannot be forever something will happen eventually.

They collected too much money but in the end we saw huge dumps on both Ethereum and Bancor token. Investors made huge loss, they were a part of the biggest collecting money ICO but we saw that it's not a good thing. Don't invest big ICO's again. There's no room for pump after ICO.

I'm thinking the same thing . Small ico are making a huge profit.

Today you just can't find small ICO, or at least this is very hard task. Also you must be aware, that everything is in hand of whales and they are mostly those who dictated price of an coin, and with this one they paying their well known game of price suppression. This can take a while and holders will become desperate and they will dump it.. ;)

That's a good point. I was able to make 6x from PTOY on second day of trading. However I think bancor is a long term project. You will not see the value until it's all over the news. By then it will be expensive and you will buy at the expense of early investors.

I guess when ETH get the rebound and bitcoin survive the fork this August will be the start of rocketing of the most altcoins in the market.

will see how this project will be affected of this fork, what if the value of btc fell hard? so are we going to expect that the value will fall with
it? hopefully dev will find other ways to make its investors satisfied and to gain some profits, we never know what crypto will bring to us
lets just wait and see.

Can somebody say me - why bancor should do x2 at least?
It depends on ETH quantity. Who need to increase their bank? What the reason?

IMHO, Bancor will HIT low at 45000sat within 3 weeks