Bitcoin Forum

Hi all,

Some of you, especially MCO holders, may have read my other MCO threads calling it a scam and predicting the collapse of it's price on Aug 31st.

I wanted to put a new thread out there before I delete or substantially edit those old ones.

I've had a chance to hang out on the MCO's slack lately, and I've had a lot of my questions and concerns answered directly by the Monaco team.  

Now I read my earlier threads and they seem like FUD.  Perhaps eerily prophetic FUD in one case but still... unfounded paranoia.  It's very possible that bots and whales were manipulating the value of MCO in the run up, but it's pretty unlikely that MCO had anything to do with it.  The only possible motivation for them to do so would be selling off their tokens, which they didn't do, and have stated very clearly they won't do (at least not any time soon).

As for the scam accusation in regards to potential residual income from MCO profit sharing, some of that came from confusion on my part about how it's structured.  A big component of it is that as people 'cash out', their token gets 'burned'.  So less left in circulation, and the remaining ones cash out for higher values.  That changes the math significantly.

I've invited the MCO team over to respond directly to my earlier posts to see if they can clarify better exactly what did / didn't / will / won't happen, hopefully we'll hear from them soon.

Now actually looks like a good entry point for picking up some MCO, or averaging down your buy-in if you're already underwater.  As news in the next month comes out clarifying some of the uncertainty that has hung overhead so far, it looks poised for strong gains.

If you have specific questions or concerns about MCO please leave them below and I will do my best to get them answered.

0.0022 at time of posting, just so everyone knows.

your words are always so racy ,that will attract a lot of attentions~

just fyi there is some movement, i've noticed a few sales of large amounts in the last 20-30 minutes.

Is it a chance one whale buying off another?

need some news zzz.

Up 20% (from 200k) in the last 15 minutes

It might correct down to 230k or so from the current of 240k before next pump.

Time to stock up!

Yes guys, stock up now. Price will at least reach last high at 600k very soon. Getting a VISA approval is extremely likely. And MCO is currently 3 times undervalued compared to its competitor like TenX once VISA approval is gained!

It's nice to see someone go back and correct themselves when they are wrong. This is rare.

Wow, super strong start of the day for MCO, up 40% in the last two hours.  You might still catch a dip if you want on the rocket.  Lambos waiting for ya.

still time to buy MCO even it is pumping .. as my calculation MCO will rise up to 400K  in a day or less
bu still i did manage to buyu some coins before it puump to more than 200K so i got the earn since then and still waiting for more pump of the coin ..
dont expect for the dump yet because it will not.. im on auto sell though at 400K.. this is just all speculations from me :) goodluck PAL

I dont know after the visa fiasco I am sceptical about this coin

Nah, too late. I might have been tempted if I saw this yesterday, but I have said before that I will still wait for the card to actually come out. It already missed the deadline, so this price is pumping on rumour. It should be falling further if people have common sense. If I can buy some within hours of the news IF it happens, then I will be lucky. And yes, guys, just sell it at 50%. Don't be greedy with Monaco!

noo mco is just a bad thing. They lied about the visa. The project just pumped and they sold the news it is over. Move to the next coin or wait for the news...

I think it's pretty expensive, it made more than 12x already. Why would I buy now?
I don't think that's a good investment plan. I prefer to buy coins that didn't make their pump yet. Monaco train is missed long time ago.

The right time to buy was few hours ago and I bought some <10 USD equivalent. Also, I'm having some from their ICO.

Chanced a coin listed on Bittrrx to be scam is much less that any other ICOs around.

The limits on the entry level cards also seem a bit too restrictive for normal use.

Right now at the current price it might be possible to buy in for the more elite cards, but if the price does continue to climb I think that might become a barrier for the coin for some.

I should of gone with my instinct all along. i knew it would burn like grey said it would. Now i've got this monster thought in my head thats it legit, and this whole thing is ready boom.

Rocket to the moon? I dont think so,

Beam to the moon? If Visa appears in the next 7 days, count on it.

34.5% increase in Bittrex right now as I am making this post. Monaco is really moving up and down in big movements. This is a good coin for scalping and day trading. Holding is also a good way but if time allows and some skills and great TAs and speculations are available, riding is really making huge returns. I made my own little share of MCO gains the past few weeks.

It's true that MCO price have inrceased really high these few weeks.
It is a great opportunity to take profit from this coin. I think MCO is one of those coins that have potential in the future.
Indeed, this coin is very expensive, tho.

TBH mco has nothing special in my opinion. It is just like another xapo. You can use the debit card every where in the world. Aldo there are many competitor which has big money for this kind of projevt. There is bancor and tenx. But if you beleive mco will win the beattle you could buy it now..

I also have this instinct it's time to buy monaco (MCO), but there is still a doubt, fear Monaco (MCO) keeps dropping dump and old return pump

then stay away if you are afraid of losing a dollar or two.

MCO will be back.

reality always make fun of you !~

Monaco still in range
whats your thougts

bought 7 MCO in the dip... HODL  ;D

which price?

any update regarding Monaco VISA approval ?

Nothing yet, it'll happen at some point in the next three weeks.  Kris @ Monaco has stated he's strongly opposed to anything like insider trading or leaking the info out, so I wouldn't expect to see much activity until the news drops and, depending on the news, drastic market shift one way or the other.  I think it's good news and it's not far off.

thanks for update :)
still good time for buying?
looking to invest some 8k USD right now

NP

Man it's hard to say...  Until the news comes out, it's gonna bleed a while, and no one likes watching that happen.

Maybe buy half what you plan to, then watch it for more dips, and buy into those a little more.  And if you start to see a lot of activity, buy immediately and hang on!

At the present time, it is possible to buy MCO with cheap price  :D :D

Thanks again

Until today, I no longer want to care about it anymore. It is pathetic to follow the temptation

right. It's a great opportunity only if you have information that the MCO does not drop sharply as it is now

If you are not afraid, continue to buy it today. I think today MCO will be bottom, a good time to invest

You suspect is very true. Instinct helped you.  :D :D
Currently I also want to invest MCO. but still do not see the bottom. Temporary review of the situation has

You're right, do not invest in a penny. to half for the other coin. The state of all downward trends, so be careful when investing

we have to take risks for good return

9.5$  :)

Nice Pick

I can remember, some days past it was 20$ each. HOLD will be right choice.

Again a perfect time for buy

Sold 2 of my 7 MCO with approx. 25% Profit today :)

HODLing the rest  ;)

It's nice of you to give them the benefit of the doubt and defend themselves...

Regardless whether it was manipulating whales or not, it really didn't help them that a day before the app release a website 'leak' happened with VISA logos plastered everywhere - was it legitimate leak? was it pre-meditated? Hard to say. There is individuals on both sides of the argument. Ultimately though it lead to unjustified hype and far too many people got stung. People invest at their own risks but can't say the team aren't without fault in this instance.

Hey guys! What's next goal in MCO, hold and hope they have VISA in their cards or is there any other important event/launch in short term?

All signs so far are pointing to them not getting visa approval. Hopefully that's not the case. I think that's the only thing holding this project afloat right now.

VISA approval still pending. I am assuming they will get it.

what if VISA app Rejected?
how much this will effect on price and project

yes I think this is the right time to buy monaco, see the price dropped to 0.002 btc,
let alone the monaco card has not been launched :)