Bitcoin Forum

Not that bad for an uncapped ICO. I thought it raised to much.
I think this coin will reached the price of Ethereum.

http://www.reuters.com/article/us-tezos-blockchain-draper-idUSKBN181250


https://pbs.twimg.com/media/DEmzzCwXkAETbg_.jpg:large

Im curious as to how first day of trading will go. Can't imagine that after such a long uncapped ICO it will see a 2-3x jump like other ones have done of late.

Tezos is competing directly with Ethereum & Bitcoin and they have the technology and team to do it. EOS started first day trading with a 3billion+ total market cap, and that was with trading just 5 days after. Cryptos are on an exponential shift of attracting new investors right now,  and tezos won't be tradeable for a while, which will mean many new faces, and returning ones. I can see tezos returning 10x on the first day. But longterm is where I think tezos will shine. Reading about their plans, shows that they have thought of everything. Scaling issues, Goverance, Use of funds.... and so much more that requires more time to elucidate.

Tezos, a new blockchain platform launched by a husband and wife team with extensive Wall Street and in hedge fund backgrounds,

"Over time, I actually feel that some of these tokens are going to improve the world, and I want to make sure those tokens get promoted as well. I think Tezos is one of those tokens."
and more bladibla
 
Make this world a better place  with My coin. Yeah right...Just what this world needs just another W$ "investment".

I don't know how this gonna end for investors, so much money invested, if price doesn't start to rise immediately after token show up on exchanges the we can expect real disaster. I  really don't understand what they are going to do with this money? Buy wall as support would be best thing..

During nowadays market situation the best solution is - not to go on exchange in near 2-3 month.
Cause if Tezos will, its price  will fall to the center of Earth. Too much falling ETH in Bancor like ICOs

whos going to buy this in the first few weeks its on the exchanges? if people wanted it they would have invested in the ICO

Wow. Looks like a new record.

Record or not this won't change facts..
We will see what will happen, but so far it is very uncertain time for such investments.
I have some doubts this will have enough strength to double market cup which is already too high..
Probably will going to fluctuate around ico price and below, and i wonder what influence will have BTC on all this?

When did the ICO end?

There will be a lot of people that will sell as soon as it gets listed in order to make a little bit of profit which will cause it to dump below ICO price as most of them usually do, I'm surprised that they raised so much.

Today...

So it's a MARS-SHOT for TEZOS

I like this one:
Acquire mainstream print and TV meida outlets to promote and defend the of cryptograpgic ledger in society

https://qph.ec.quoracdn.net/main-qimg-c051a3cb2c1937959e524344de3c33ee-c

I'm not surprised. If you think about the on-chain upgrades. I don't like the hard fork on 1 augustus this year.
https://cdn-images-1.medium.com/max/926/1*KTVJJ_CHNMOQXNvDDCEIBQ.png

No more than marketing feature. Like the "idea" of acquiring mainstream print and TV media? Have bought TEZOS tokens? Good for Tezos.

its going to be a bloodbath when it hits on exchange. who wouldn't want profit? for someone who invested the first, you'd rather dump just after it gets listed before the rest of the profit hungry bastards dumps their thousands. a 25% profit is still better than negative.

Does this mean ETH will see another dip when the Tezos people start cashing out their ETH for real money?

Yes ETH will be ZERO  ;D
No I don't think so. This is only 231 million. Ethereum is 19 billion.

Agreed and I will look forward to seeing in particular what kind of TV advertising they get in to. This is potentially great for the whole cryptoworld to bring it more mainstream.

the fund team must sell eth and btc for the development, but i dont know when they will do this, i just sell out my altcoin today, for i think tomorrow is black Friday and we will see the fall again

i think it's all random hype with this coin, the investors say someone buying one huge coin and he buy and make another investors following him, they are just buying for 100% speculation, no real project behind this lol, but i like that this ico coin, is the second one with a governance blockchain like decred

What we need is another contender that can exist side by side with Ethereum to handle the immense influx of ICO's.

The process of investing ETH and then being liquidated by the companies causes too much price drops. Then again, it was never designed to be a currency..
If we have another system in place to handle the load, then prices would level off

What a mess, this garbage is going to plummet when it hits the exchange.

Wow.Most collected so far ico

I think these markets are dumb.

But honestly I fail to see how you can say buying Tezos w a 231 million market cap is overpriced with Eth Classic - a clone with no ammunition to pay devs and a "Classic" in it's name is valued at 1.7 billion or Antshares with only a few devs is at 500 billion +.

If I have learned something from Bancor, is that ICOs that get tons of money, their token always ends up being a failure, the market is just too bloated, too many bagholders, they start selling and the price is just on the floor getting destroyed ground and pound style.

Bancor is still struggling to stay above ICO. This is just retarded. ICO's cant be uncapped. And the problem is, if you don't cap them, it can also lead to problems. All ICO models have problems.

timing will let you get some more profits I think this project will be slow since a lots of investors will cash out their 25% earnings in the first day
of hitting the exchange those who will wait for more time will benefits for sure it will be a battle of trust developers will push this out and really
aim for much bigger value for thier investors.

Very excited and I doubt any ICO will match this record amount in 2017. Will be a grand slam, over 30,000 wallets, unparalleled momentum and FUD (both great signs).  I believe it will open with a $3B+ market cap and jump from there. It will likely sit in the top 4 cryptos by the end 2018. I plan on holding until at least 2020 no matter what happens.

Yepp I'm surprised as well how much money they've raised. Probably the majority of people did not know in what they are investing.
If that token joins the exchanges it will get dumped into oblivion no doubt!
It will be all about who is going to sell faster than all the other!

231 Million, that's a lot of money,Hope the dev team behind TEZOS is awsome, hope they can develop a nice project which will help TEZOS very useful.

I've heard the tezos project already claimed that to be the better version of the ethereum. I mean another ethereum clone. But my speculation to be real. over 1/5 of a billion dollar already raised. Looks the price will be stable caused by the demand already joined in the crowdsale. Interesting to see what will be happened with tezos in the future.

There is only a few making big bucks in crypto and its the ICO scammers.

How that fund will be used? This is really weird market this fund is not for product but for team and investors.

That was huge amount hopefully they will enhance what they have now take a good developers for it. Even they can make there on exchanger on its own Platform is not a bad idea and that will be the one factor to sustain the coin then develop again a software for another use that makes the TEZOS known from it and it will continue to grow and grow.

Agree mate, see IOTA they have started with 1 billion so Tezos can easily start from 1 billion cap. This will replace eth in a long run.

Can you please explain why EOS was not dumped . EOS was uncapped how its different from Tezos.

This is seems unrealistic or maybe real it's just that the production itself invested their own money in this ICO because how in the hell that in just a short period of time that it will get big amount of investment even though it is not wide known by the crypto community or maybe they just saying that it is the current invested amount of the investor even though it is not just to attract people to get into it, just saying.

Nice project but... $231M... How many people invested for a quick buck ? And why the hell a guy who did not invest in a first time will buy token after an uncaped ICO ?

With all these problems with bitcoin and eth about slow transactions,a better and improved currency is needed and I think tezo is that currency.What will be the total supply can someone calculate as now we know how much funds has been collected?

Approx 809 million coins  including the contributes percentage and foundation reserve . The net ico contribution is approx 607 million.
http://tezos.live/ 

more money in ICO collected = less rate of token after exchange listed
because it is not rare token, everybody could get it

if you interested in tezos token, wait for a nice dump first week on exchange

Big dump gonna happend on exchanges and gonna stay for weeks.

95% it gonna go below ico price after 24H to 48H from being listed.

I invested in Tezos. I like what they are doing, but from a business point of view, I think they are over hyped and therefore over priced. Too many people jump in not knowing what it does. If people start to dump on the first day it will cause panic to novice investors. I might be wrong. In the long run Tezos will do well if they can focus on executing their road map. I'm afraid they might be blindsided with the new found wealth especially now the founders received 23.3Mi to themselves.

Not enough double it.. Clearly this ICO is worth a half billion dollars.... Duh right?
What is it? A ledger? Sweet I love ledgers.. TAKE MY BITCORN NOW ¡

This is great.. I love crowd funding.
Were all gonna be rich!

..that was sarcasm and I will now close browser in disgust  ::)

This is absolute bs.How can it affect money in exchange?It only speaks about trust that crypto world has in Tezos

231 million for what? A whitepaper and a promise of doing something?

As only a wide-eyed child at the time, I'm too young to properly remember the dotcom bubble but can anyone shed some light as to whether this same type of thing was happening then? Were people just throwing money anywhere and everywhere if it sounded good enough?

Yes! It was the same exact thing. People hardly understood internet in 90's, most of it saw it as a slow index/storage of pages, numbers, images ... not many people thought it could be huge. But when first online shops came along and when early tech adopters started using emails for doing business it seemed like the best thing in the universe to those guys. Then companies like Pets.com and Webvan came and said they will utilise this tech and transform classic retail, classic brick and mortar business models and people started throwing money to them on blank promises and ideas - exactly the same trend we see now. Those new companies soon realised transforming habits of people, being so early in the game with too little knowledge and too much money was super hard to do. When they didn't reach positive cash flow and were far from being profitable (back in the day, cash flow was #1 KPI, not like 2017 start ups, when growing user base is much more important in first years), bubble burst.

Related to Tezos: it still seems most of the people don't know how supply and demand works, and they think an uncapped ICO that runs for so long, where everybody who wants to buy in already did, and is based solely on promises and white paper will actually make positive returns when its token will hit the exchanges?? Crazy!

Some of the ICO's turned out insanely profitable. Look at STRAT. But you gotta buy ICOs that aren't insanely overhyped. Bancor showed us the path: Successful ICO: Tons of bagholders and market sell pressure: your token is not going to perform good, unless you are literally creating a bitcoin killer where it clearly solves all problems that we are facing in the current iteration of this technology. But it would need to be a brand new set of technology. It would need a satoshi.

Unless you got this, I think no massive ICO will perform good because the post-ICO environment is an overhyped product with a bunch of bagholders.

That's why ICO investing is good if the product is decent and not a total scam like STRAT which went under the radar.

231 million to a company from which the expert starts to sweat within 15 minutes being unable to explain 1 single usecase.

Crazy world

https://m.youtube.com/watch?v=gsY5wXj4Xm8

I think so we can see another ethereum dip in recent days.
Because 231 million is not a small amount.
But i am hoping for best.

Nice devs has got some money,now thay can buy private jet some luxury gifts for his lovers,thay can buy citzenship of  carraibean island or even island.Crypto will make few new milionairs

I don't think it was this bad.
..the "coins" scene has gotten simply ridiculous now.
People are simply joining in on scams knowing they can profit.

There is 0 reason to ever crowd fund fuck all in crypto.
This shit existed for 6 years fine with out ICO's.
Then along came RIPPLE and ETHEREUM and others got hard seeing the money.
BAM ! we got ICO shit storm going down.

There is nothing to defend and every aspect of this crap is stupid and scammy.
I know because i did research online on scams and read testimonials from people sucked into them.
I also seen them on TV all my life and known people in on them.

There is literally nothing at all legit about this crap now.
I have no respect for 90% of the loser NOOBS showing up here or the old guys pandering to them.
A cluster fuck of scammy douche baggery fer teh ROI's.

It's pretty simple if you don't have the means to support getting a coin made then.. fuck off.
I don't want to see your hand out.

When crypto morphed into nothing but crowd-funding for profits it all became a scam.
I don't respect people involved in this crap.

oh dear, dude you should really get a job. Or in case you already have one, you should do it rather than rant on these forums like a madman. Is it crowdfunding only in crypto world that makes your already severly damaged brain go complete apeshit or is it crowdfunding in general ? 

Weren't ICOs like mastercoin and gosh I can't remember that other old one around a long time ago?  And then scammy ones like Blocknet (after xcoin got dumped and left for dead) around long before Ethereum?  And then of course all the premines (xcoin), ninja mines (Dash), two week PoW to PoS coins.

I mean Ethereum really raised the bar with the 100% presale PLUS the premise.  And now you have EOS doing the 365 day presale and the premise.  But this place has always been a huge of scum and villainy.  People just used to have to be smarter about it.  Ethereum wasn't all that special.

The sad thing is the time of the little guy making a lot of money in crypto is over. Big venture capital smelt money, the same people who wrote articles in Bloomberg saying Bitcoin is a ponzi and for crime now are throwing millions into these ICOs.


I think of a project wants credibility in the crypto world they have to find a different way to distribute now, maybe a mixture of ICO, mining, airdrops etc.

Otherwise accept we have been co-opted and now profits will go only to big banks.

I don't know if its over as such, but the big % gains were never going to go unnoticed. I think the ICO process will continue to evolve, still early days compared to how many ICO's are going to happen.

Thumbs up. If you participatie in an ICO for the long run you're an utter idiot. ICO scams (waves,eth,tezos,Pilar,premine Dash, EOS and many more) are nothing more than gwt rich quick scams. Waves even have their own team tot troll bitcointalk andere other fora.

Whatch the bitcoin uncensored video in which the tezos guy is unable to give one single usecase and you know enough

Anyone know when/how the tezzies will be distributed?

This project is well promoted. It became very anticipated due to the marketing strategy implemented by the team. I say they are really successful in that task. This is the primary reason why tezos gained high price. But the sad thing about a price founded on hype is that it might dip soon.

Yes, it's going to plummet. Everyone could see that recent ICOs were massively over-hyped and ended up with ridiculously inflated marketcaps. The idea of having an uncapped ICO in that climate was just pure greed, and speaks very badly of the project. Many people will cash out immediately, and Tezos will fall very fast and very hard.

Even when the price hits rock-bottom, I won't buy any. Maybe I'm wrong, but I really don't trust the people who are running this project.

Soon to be 115 million. ;D

Me being one of the few here who remembers and participated in the dot com bubble will shed some light on what is happening at the moment.

This is not, I repeat not the Dot-Com bubble all over again.....yet.
What is happening now looks more like the late 80's begin 90's with some 98/99 mixed in.

The fundament of the future is being laid out at the moment and thats what we see happening. And where we are partcipating in. Dont forget its only a 70 billion market(as we speak).
Many coins will be worthless in a few years, many other ico's, probably a bit more regulated, will follow and will shape the future even more. Regulators will step in and banks will enter the playing field. Behind them the ever greedy but also affraid to loose his money is the retail participant. The market will take off then and will swell to immense proportions and only than we can say....THIS IS DOT-COM ALL OVER AGAIN. Probably in 3-5 years. So you better brace yourself because it will be a hell of a ride.


gr E

we are the pioneers, and the potential to make alot of money is there, of course there is high risk aswell, but the people with patience and the ability to hold longterm are the ones that are going to have the rewards.

will see how much the company will worth, when the token trade in a 6 month time all will tell. this hype goes on and on for a few months now, I doubt it will sustain in any way.

When will the tokens be distributed? I have seen between 3-12 months... is this really true!?

When will the stock market open?

From Tezos site:

"When will Tezos first be listed on an exchange?
A few exchanges have expressed interest but there is no exact timeline for XTZ to become listed. XTZ will most likely begin listing when the Tezos network becomes active and changes in ownership can be recorded on the blockchain. The development team estimates that the time to completion is around 4 months, however, bear in mind this could take longer due to unforeseen events common in software development. The Tezos Foundation will not be able to allocate tokens until the network launches. If you are anxious about exchange listing dates, we suggest you do not contribute to the fundraiser and wait until such a listing happens."

I strongly agree with you on tezos. It was a hyped ico and no matter how much they raised, it will be a huge disappointment for its investors who are dreaming to make their capital multiply by 5 or 10.

People will take lessons from tezos, unfortunately.

Theres no question there will be a big dump as soon as it hits exchanges which will drag the price down, thats a given, it will recover and anyone holding long term will reap the benefits. Tezos has alot of money for marketing, and to achieve their roadmap, this ones not going to dissapear.

I'd like to see other ICOs wait a few months before distributing tokens as well.  Provides time to use the funds raised to further market and build additional demand. 

Interesting everyones different views on how this will affect ETH price.

THe game is neverr about getting to much moeny but how they will convet those money in real project.
Some real shitcoin have now 250m$+ valuations and they show not much at this price wehre are now.
We will se in few years if tezos will be good project or just not.

It will surely dump under ico price.
Bigger is the ico, smaller is the rise. I can't see anyway it can keep the $231 M market cap. And I'm sad it did not go into others ico ...
Just see how it ended for the dao, bancor and all ico records.

Exactly.Everyone expects the price of eth.I think it will have a positive impact

I think so, at the end of result of the project the best answer will about the project's result. bitcoin has started with no money, But i think tezos will be a good upgradeable version for the smartcontract. But some thing don't make sense for me about claimed to be the better version from the ethereum ( future version). Because of the ethereum still on the development.

I am in silicon valley and started a company during the dotcom bubble. This is well beyond that. When people were raising money, the investors had shareholder rights. They were on the board of directors of the company, could attend meetings and did due diligence on the company. Not all investments in the companies worked out but when they did shut down, the investors were involved.

On the going public side, companies went public that had huge losses. But they had a company behind them. It wasn't one guy selling you nothing but virtual coins where you had no ownership in the business at all.

In the long run, things with value are worth something. Things that don't have value aren't worth anything. Amazon, Google, etc. came out of that era and produced something of value that made money.

In this case, even if the company that does the ICO makes money, the buyers of the coins don't get it. So, the question is.. does the virtual coin itself have value in the long run? Why will people want to own them? For the hope they will go up in the future? To buy something?

Right now, nobody is buying any of these coins to use them. They are all buying them in the hope to sell them to someone at a higher price in the future. That works out fine if you can find someone in the future who wants to buy them at the higher price. If you can't, it doesn't work.

The only credible use for any of these coins seems to be illegal transactions. Drugs, gambling and ransomware, primarily. There is a market for that but you don't need 50 different virtual coin types for it. Just one will do.

Disagree with some of this.

Blockchain has so many use cases.
Also for illegal usage then having a lot of different coins can be a big advantage ...who wants eggs in one basket. Shutting down/monitoring 10000000s of currencies can be trickier than 1. Of course I dont condone such activities just saying.

@cryptohunter. Can you enumerate what those uses are? I have heard arguments lately that companies that want to use a blockchain, especially permissioned ones, are in a better situation if they used centralized databases.

EOS and Tezos will definitely impact ETH price.

is this the biggest funds being raised so far by any icos ever created?

I'm really looking forward to the "We are the new wealthy elite thread" for Tezos... :) Might be 5-10 years but would be great to see!

I never expected it. New record and more will still beat it

Yes eventually but how often do we see completely new products? The vast majority of these Ether token ICO's are reaching their demise but if you look at the history of all of this there are only a handful of entirely new products. Tezos is special in the same way that Ether or NXT (or NEM I guess wtf happened there) were.

Folks are going to get really gun shy about future ICO's with products like Bancor and EOS in the past. One thing I know to be true, people don't even know what they are investing in anymore...

Tezos is zo special that the main dev cannot think of a single credible usecase

Always has, always will. The mere idea of future profits is what gets them going, even if they don't know how it'll profit.

Upcoming, I like the idea. But should we invest in this ?

I've seen folks say that from the video but I certainly think it's more like there are so many use cases where do you begin. Tezos has smart contracts just like Ether. One of the Tezos vidoes opens up with how smart contracts will likely be used one day from checking into hotels to boarding planes. I think we all recognize the millions of use cases for smart contracts.

I want to invest some in TEZOS but missed the founder raise, when can i buy it from exchange?Or has it hit an exchange now ?

Tezos has been the opposite of all other ICO's. Most issue a coin before they have a product. Tezos has been working on the project since 2014 but won't release the tokens for 4-6 months.

You can do some stuff buying futures or "IOU's" from some exchanges. I have no idea how legit that is.

Say no to an uncapped ico like Tezos, or your money  may get hurt , nobody can help you.

Seems silly, your money isn't protected in anyway by being in a 'capped' ICO. We will see the majority of these shit ERC-20 ether token ICO's crash and burn to zero even though they were capped. I wouldn't rely on something as trivial as whether or not there's a firm cap on the money raised for a project to direct your decision to invest.

What's hilarious is nobody does what they should do, learn all the technical details they possibly can behind the protocol. Tezos has a new smart contracting language, has anyone taken a look at it, tried to create anything with it. Are the ideas fundamentally sound? Ain't nobody got time for that, they are looking at the token symbol, the ico conditions all sorts of other non-sense because they can't be bothered to actually figure out how these potential products even work!

Watch out...smart and rational comment is FUD  ;) ;) The 3 letter frame it all abbreviation. The cryptospace has cancer

 ;D ;D ;D ;D ;D
damn like bancor 150mil now worth 75mil
snt 100++ now 80
tezos 231 could be halving to, halving your pocket
 :D :D :D :D :D congrat for ico buyers

those ICOs was ethereum based. but tezos not ethereum based.

Thanks for the response. I'm interested to see if it plays out in a similar fashion as before ;)

have they started dumping yet?  :-*

Uhhmm what idea ?
What is it ?
Notice how no one mentioned that.. just how much money etc etc.
Doesn't that give you a hint as to what is going on here ?

Joe Blow says: What is it ?
Billy Bob says: I dunno but we gonna be fuckin' rich yo !
Joe says ?

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTfPk1la2bnET0RjLqhm56Tv_oP3Wfzd7FOpx_m-z1_6fQiVTSEBA

With 231 million dollars, it looks like TEZOs will be in business for a while, which is a good thing for "long term" investors.

you forgot Polybius  :D

ROFL..... ;D ;D ;D

you think their gonna have a halving party too

yeah I thought it cannot get worse than Bancor but this? ::)

For sure they have enough money in the looong term for development which is good.
Still I'm curious to see how will be the first day on an exchange.

I bought a small amount. Probably not gonna be my greatest investment ever. Doubt anyone will be selling for a loss though.

I know it's not clip art of gold coins going into piggy banks but here's some of the technical information behind this project and the new smart contract language: https://www.youtube.com/watch?v=4oG4Ead74xA (https://www.youtube.com/watch?v=4oG4Ead74xA)

1) Ethereum was also an uncapped Ico, so whats the problem for you guys that tezos was also uncapped? The big advantage is that everbody could participate, causing wide spread adoption for this project.

2) If some of you guys think that tezos will be sold below the ICO price, you are dreaming to be able to jump on to the train for cheap, just because u missed it to participate. I think the opposite will happen, there will be huge buys because there are many traders (day traders), that didn't want to lock their funds for like 4 months and those people who didn't notice this project. Also the cryptomarket propably will grow and new money will be flushed into the market until the end of 2017 when tezos hits the exchanges, hitting new all time highs for BTC and many other altcoins. Remember when the marketcap was 14billion In January I think and was reaching 115billion in May/June

3) Tezos has the better blockchain then ETH or BTC or any other coin on the market now, look back to the DAO disaster, look on BTC scaling issues now..
Chain splits are history with tezos thanks to governance and its amending blockchain is fully programmable. Welcome to the future and blockchain 2.0.
If you see this from the value perspective, tezos will compete with ETH or even with BTC in the longterm. We will see...

4) The founders and their team are definatley smart people and I have no doubt, that they will push this project forward!


I will remember you guys on this post when tezos is on the market for 1 week and when the crypto marektcap goes to 1trillion within 2-3 years! Peace

Shhhhhhhhhhhh :P

The real question is... what on earth would a new project do with 231 million? There is no way on earth that it could be spent sensibly on development of a startup.

People didnt learn anythign from the dotcom bubble it seems. Large funding IS NOT a recipe for success - more like a burden!

231 million is absolutely insane, what could you possibly need all that $ for? Some of the biggest projects these days started with funding around $500k - $2M, this gives them a reason to be eager to work and make things in the best way possible. This 231M will make them slack and probably not give the project the attention that it deserves.

Ha, interesting the concern is they have too much money for funding! I love it. :)  I hope they buy a superbowl ad. Honestly 200 Million isn't that much money in terms of marketing, advertisements developers etc..

They purposefully ignored Decred from the list. Because decred checks pretty everything on that box.

:D

At least can we say it is enough?  :D

To be honest I do not know if that is a good news, there are not going to be many investors that will want to buy the coins and even if there are your gains are simply not going to be as big as they could be if the project started small and then grew.

I think Tezo team should disclose the number of ico participants.
I think there will not be more than 5k investors at best.
When Tezos will hit exchange early next year,there will be huge demand because there are certainly more than 5k crypto users in the world.

ico's are gaining more and more cash but in reality they need only few millions :v logic

31000 wallets so its around 31k investors as it doesn't make sense to have 2 wallets...

Are they ever going to re-open the slack?

no, they said they will do a communication platform on their website.

you're right! this is completely different and I think will be a great crypto if the team does what it says

@fmz89

If you believe that tezo will half so that you can buy cheap you are wrong, except they cannot deliver, which I don't believe as the product is already finished. They are doing the fine tuning now, concentrating on security aspects. They are super professional as the fundraiser showed!

Secondly, the people who took part in the crowdsale have the patience to wait for many months until they launch the blockchain and tezos get finally distributed. Do you really think those people will dump below the ICO price? That won't happen,maybe in your dreams,  the train already left the station.

Edit: Tezo futures is traded @ around 1.50USD on hitbtc, what does that tell you?

Don't say that the price won't dump in early stage after the the tokens was tradable on exchange. Always remember that early adaptors already received bonus and selling immediately on ICO price will give them quick profit. A multi million fund ICO is very hard to pump above ICO price.

I don't agree because there will be many buy walls waiting to get onto the train and those buy walls are propably higher then the ICO price. Also when u look around you get the feeling that many people missed to buy tezos because they ask where they can buy now. The developers are smart and will make sure that tezos will have a positive start.

People trading tezo future around 1,50 USD at the moment is an indicator of confidence. We will see...

Where can I short this shit?

You can short now on bitmex

lol dare you! :)

Does shorting crypto work like shorting a stock. If so I can't imagine a more dangerous proposition!

This is basically grown up etherium, entirely new project, new smart contract language, in the works since 2014.

This!

Well, they definitely made sure to walk away with something as they are buying out their own company with seed funds. I just read they are diversifying the seed capital out of crypto and allocating to, but not limited to, drumroll, precious metals. I chuckled a bit there :)

Having said that, interesting project, we'll see what the future holds...

I think attributing the hitbc price of 1,50 USD to 'confidence' cannot be confirmed. It could just as easily be whales pumping up the price in hopes of the coin exploding in value shortly after it starts trading so they can then dump their bags and make their profit while the price corrects much lower because it never should have been that high to start with.

wow! 231 millions......unbelievable!!!There is an idea on when it will be possible to buy on a exchange?

More likely in December. If they release erc20 for trading, it could be much earlier

Tezos broke the ICO record within a very short timeframe. I think many participated after word went round that billionaire venture capitalist Tim Draper would take part in the Tezos crowdfund. Just wondering how much he put in. All in all, this ICO was highlighted in major media outlets therefore attracting new people to the crypto world. Not bad in my opinion.

Hitbtc  is a scam exchange. Tenex Pay traded 10x times the current price on hitbc remember

Do we know if TD paid the same rate as all other ICO participants or did he get in at some lower pre-ICO rate?

I think it will be dumped to 150 million ~ those who didn't buy from ico will be able to buy cheaper

Shit i missed the boat. Gotta buy after it hits the market.

Definitely watching this. Draper is on it too. Good times ahead.

Draper is involved in many things and putting his name on it seems to line him more money so I wouldn't say that is a reason to like Tezos.

What I think is more telling is that they have a good concept and so much funds to develop it, their website even talks about advertising in mainstream media which would be sure to help it get mass adoption.

I also don't care much about Draper.
As I remember he invested in Bancor too.

Im thinking Tezos will have a fake pump in the intial release due to most alts always doing super well in the first days of it being live

Lol, the will not do that. Their smart contract language name is an Ether diss. (Michelson 'ie the famous experiment to disprove Ether) They dog on ether pretty hard.

How much will eth fall because of this ICO?

Make your bets.

There were over 20,000 wallets made, though unsure how many funded those wallets.  Still, I'd guess more than 5K.

Hey guys,
Here's a nice visual overview of what Tezos is all about:
https://medium.com/@StorifierCo/what-is-tezos-196565a1b60d (https://medium.com/@StorifierCo/what-is-tezos-196565a1b60d)

Well, I have sent some ETH to their wallet but I then found out that the minimum contribution was 0.1 BTC but I sent only 0.2 ETH -_- They have a really nice project and the price will be really high at the initial opening on exchanges... The problem will be massive selling and loss in market cap  :(

Thanks for this, really good article explaning everything. Guess we have to wait and see what the dev team does in the upcoming months, before trading takes off.

Many participated, so "many" should be ready to lose their money. Like bancor, tezois will drain your money and exploit you for the benefit of its owners. Don't expect too much from it by dreaming a new competitor to ethereum blockchain.

Why do you compare Tezos with Bancor?
What give value to Bancor? Is there even one similar vision?