Bitcoin Forum

What do you think about Flik?

https://imgur.com/a/VgBWx

It seems the price will moon. The founder is Ryan Felton and the rapper T.I is the co-owner. And Tony Gallippi is also the Advisor.
It looks like a nice project and with huge potential.

Do you guys think we should invest before the 22th and sell after the burn if we want a quick profit?

i have only one think to sad,

Lamboooooooo :D 8) 8) 8)

What is the story behind the burn? Are they burning an uncirculated amount? Or is it an amount originally withheld by the devs/owners?

This seems like a fairly new project with good backing and support. I'm just curious as to how and why they are doing a 90%(ish) burn at this point.

If it will be true one can buy some Flik and believe to will have from it great profit. But we can not trust in this from one pictures btw it is a little risky

is it still a  good  entry point now?

Or  you get burned if you enter now?

Twitter is being trending topic with the Flikburn hashtag I think jajaja

In Coinmarketcap  it's  showing ''?''  ...so  where is the market cap? What does  it mean?

It's "rank" on CoinMarketCap is 911. It is showing a "?" for the marketcap metrics because there isn't enough data. Notice the "Circulating Supply" is also a "?".

In short...  can I ask you what are your price Prediction about this coin in the next week?  

ok but why did they create so many coins to now burn 90% of them

Yes, that is my question exactly -- how could a new project have 90% of their coins available to burn? Why didn't they just start out with less?

Also with a 90% burn imminent, why is there nothing that I can find on their website about it? You would think that would be some pretty important news...  ::)

They are talking about it on Twitter and Telegram. They are very active there, actually. When it comes to %, I heard that they are burning coins that were not sold during the ICO.

If the Burn is really happening it can help the coin to skyrocket.

Does somebody know another coin which already had such a massive coin burn in the past?

Yes bro, take a look from the 15th page more or less https://bitcointalk.org/index.php?topic=1642159.320

TRIG- 70% coins burn

I got a title loan on my 2013 Honda Accord for $10k. I invested the $10,000 into FLiK.
After it 10x -20x I will have $100k - $200k and will either get a red or yellow used or brand new Lamborgini Gallardo V-spec!

you are a crazy man.
I hope for you that it works.

he's  not crazy.  0,50/ 1$  for  flik is  a  reasonable scenario.

What are you guys gonna do?

Are you sending your FLIK to a wallet because of the burn? Or are they okei in coinexchange.

I have  them in coinexange

Should  I send them to a wallet?  Is  myethereum wallet good?

it is good as far as i know...in my case i used my ETH backup wallet and loaded it in MEW thru "Keystore File (UTC / JSON)" file, typed my password and seen my FLIK balance there after loading token balances.

my old ETH wallet is syncing for quite a while now..token balances will appear there too after sync.

Dam bold, Good luck! I bought in at 1000 sats, looking to get that solid 5x return prior to the coin burn

Holding in the exchange until the 22nd. Then converting to Bitcoin after it gains % so bitcoin can be sent bitcoin gold on the 25th.

sorry but that is dumb. to take huge gains like that only to blow on a used lamborghini instead of adding to retirement and just playing with maybe 10% of it. but hey, i'm not your financial advisor

The thing is I'm driving a crappy used Accord. In 11 days I will have a LAMBO just by Holding flik. Easy trade with zero work involved. This is a rare opportunity. Once in a lifetime for me to finally have a luxurious car.

gallardos are nothing special, and at the end of the day it's just one car and you will blow all your money on it. there is nothing wrong with a 2013 accord. if you would be smarter and grow that money into retirement, you could buy whatever you want. or even just invest it for another several years where maybe that same 10% is your lambo

Can't find anything on this team related to Flik. Couldn't find the rappers LinkedIn, did find the LinkedIn of Ray Felton with 0 mentioning of FliK.
Ray Galllippi also shows 0 affiliation on linkedin to FliK.

Also their site doesn't feature a linkedin button. I wouldn't invest anything in this untill they show more than a cheap site and some concepts..

No dev team to be found aswell.. huge lack of information. Also what concers me is that the summary for each individual has been copy+pasted from wikipedia.
Compare it.. ain't hard to find.

Hmm.. After 2 mins of searching :

Rayan Felton's Twitter : https://twitter.com/theryanfelton
(Account created 2009)

Last post was a retweet about FLIK...

https://twitter.com/Tip/status/917965816670425088 I found this

Lol, you dont know who the rapper T.I is?

https://en.wikipedia.org/wiki/T.I.

https://cointelegraph.com%2Fpress-releases%2Frapper-and-entrepreneur-ti-joins-flik-as-co-owner&usg=AOvVaw0jeJxw2K-o2mxOTIMjJZbH

https://twitter.com/tip/status/899271558400749568?lang=en

I honestly dont think you even looked...  He is a world star.

you guys make me laugh

unless you have  bought flik at 7 cent, you'd better to sell now because  flik will never  go to 0,50/1 $  (in this month)  without any other news or without being added to other exanges.

Think about  it... lol, everyone here want to  sell in  22 october,  how  will the price  increase  I don't  know... also just tell me  guys WHO wll buy your flik coins, even after the burning?   You sell, sell, you're  planning to sell...  but  WHO    will buy from you Flik at  10/11/12  cent?

Think about it:  why just they don't buy now,  instead  of waiting for you to sell  it in 22 october?

FLik is being listed on Binance!

Bursted a laugh when I saw "TI" word. First The Game, Now TI?!?

I also heard that Ghostface Killah is also launching some related to crypto.

Good luck with that name.

Total market cap / Current coins = .13 cents

If you burn %80+ of the coins its worth 8x more/ ~ $1.00 with no trades, its automatic profit.

Hahahaha. Dude, the market cap will drop. Burning coins wont keep the market cap where it is, it'll lower it. And a coin is worth only as much as someone is willing to pay for it. You wont have any 'automatic profit'. Over time the price may rise due to less coins being in circulation, but with the amount of people buying to flip after the burn I'd think short term you won't be making a profit.

Maybe it is possible that they created those 600 million coins and that the ico was a fixed price ico where they said their coins were equal to an amount of ETH or BTC and maybe they only sold 80 millions of the coins and instead of keeping the rest to themselves or distributing them they are burning them, but this is only speculation.

I honestly don't think you read. No I don't know who T.I. is nor do I give a shit. Now look at my comment again.

When ? I have already heard this but not new for the moment.
It's weird because the volume is very small so I don't think Flik will be listed on Binance yet.

https://twitter.com/TheFlikIO/status/919051264104812544

Anybody who takes out a title loan to play in crypto isn't exactly the brightest person anyways.  Even if he did make 200k he'd have nothing to show for it in a year.  He'll blew every bit of profit on his lambo just to find out he can't even afford to put new tires on it when he wears them out he'll get rid of it quick.  lol

I wonder how high the price of FLIK might go after the burn. Or is it doomed to fall? Anyway, long-term I predict $1 or more. HODL guys!  ;D

I don't know it'll increase much if at all. Most people here are buying based on the after burn market cap not pre-burn.

if FLIK is listed on bigger exchanges like bittrex, it won't stop growing even after the burn.

@cafetools

lambo incoming  ;D

spend it wisely..your money your call anyways..

for me I will still make it grow but that's just me  ;)

I'll miss out but I won't miss all.

https://etherscan.io/token/0x17fd666fa0784885fa1afec8ac624d9b7e72b752#balances
Warning
they control 90% of the supply
and a single user controls 6,69% of it the owner again
when the burn happen the supply will be 50/50 from the dev and the users
however one single guy will control 67% of it
in other words
the company is buying back the flik on the exchange to inflate the price
in the end they will control 90% of it again, to dump it all at once.

explain yourself sir. :)

You are so funny. Yes they have 90% percent of coins and they will burn %80 of total coins, 420 m coins and will be left 80 m coin. Did you look at any other coin wallet adress ? There is no doubt that you do not know even bitcoin, ethereum, waves, dgb... which coin you have ever imagine have same situation. There are allways a couple of adress  that have huge amounts. And as you said these kind of selling process are not on exchanges. Big stake owners sell their share with hand shake agreement. Go and play another place.

So what happened to warrant a burn of so many coins? Not enough interest in the ICO?

I guess they figured it out that coin supply is important thing. Personally I do not prefer investing coin that has too much supply.

It looks like u will  ;D

Must of been all the left over coins from ico

Well that is his money he can do whatever he wants with his profits, but if my investments gave me that kind of money I know for sure that I will just buy a bunch of houses  rent them and retire the next day since that is a lot of money in my country.

Prices have dropped dramatically the past few days. Might be a good time to get in now. I won't be buying, but im interested in seeing whether the coin burn will have a huge impact on prices

I would expect 80% burn to have noticeable effect. Market cap with drop a lot.

Lets hope the best guys. In a week we are all wiser (and hopefully much wealthier) than now.  ;D

buy on the rumor, sell on the news. after burning coins, the price will drop. but in the prospect of the year can grow. the truth is not sure that x10

If the value of the coin goes up after the burn is there a chance we don't ever see current prices again?

Is it the first startup to burn coin in that manner ?

It will of course come down too, possibly lots if there is no quick profit to make.

Have a bad feeling about this coin. Why was such huge burn initiated? My guess - just to pump the price

did cafetools buy his lambo yet with these massive profits?   :)

Hmmm - they've made their reddit private: https://www.reddit.com/r/FLiKEntertainment/ (https://www.reddit.com/r/FLiKEntertainment/)]
Quite sure it was open just a week or two ago?

I wonder what is going on with this stuff. Something is up.. You have T.I investing half a million in this stuff. Seen some celebrities tweet about this stuff. Something seems very interesting.....

People are like that, they buy something not realizing the maintenance cost are way higher than at first they thought, that is why I prefer simple stuff and not luxuries like that, of course even If I wanted luxuries like that I cannot afford them making my point irrelevant.

When I see some coins
Which does not have a program or any project
In constant rise
Like a coin SIC...
Which had been described for weeks as a fraud
The price reached 5 satochi... from 1920 satochi to 5 sato now is 230 sat.
I laugh from my heart
I am really optimistic about the future of this currency***flik*** :) :) :) :), which has a great vitality  next year

Has any one heard any new predictions / updates on Flik. I just heard recently that it is a wise investment and all the jazz..

but seems like crickets since mid-late October.

I put a little in to it. Wanting to buy more if these predictions for year end and possible 2018 growth are out there still.

Did they do the burn?

yes the burn is done
the price is so down because we have no news from one month and someone thinks it is a scam and panic sold

it could be.
but if it's not (i think so,with famous people like TI involved) , when we have news/a beta of the product the value will just explode
look how thin the sell book is, and the price is 400 satoshi now,an all time low, vs 6500 just a month ago
if it goes well entering now,that the market cap is less than 2 millions, could give huge gains.