Bitcoin Forum

Good thing i did not take part into this bs.

What happened TLDR:

Limited supply made the tokens sell in seconds.

Then the new investors who came a few minutes after were seeing these tokens being sold at higher prices since the initial ipo sell wall was gone.

Why in the world do you allow people to sell their coins while the ipo is still going on? Jl777 you need to contact bter and get these people refunded and restart your ipo. People who came in were probably not aware of the limited amount and thats unfair to som1 who doesn't want to ready 50 pages to spot that little info.

A real mess glad I stayed out.  BTER and James failed big time this will be a lot of trouble to come ...








meanwhile James account: http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=3000&acc=9918441724915080500
adds up 100 BTC / 30 minutes
 :o :o :o

Yeah man but I don't know if James has to go for court for this (it's unregulated right?) in the end but it's a heck of a drama for sure. He will have to do a lot of work to fix myriads of angry people who lost thousands of thousands of dollars through the TOKEN fail  :-\

lol you mad? It's a newbie account who didn't say anything about monero, and has never posted before this thread. Sounds like you have some anger issues with monero you need to work through or something :P

wait 24 hours and we will see what happens with this. no need to stir the pot

This needs to be made right. Otherwise it's an epic fail.  :-\

troll.

Plenty available via NXT Asset exchange..

Oh, and yes. Account created today. Fudster.

Yup...the price was very clearly announced in a shit-load of places: 0.01 BTC or the equivalent in NXT or BTCD with a 5% bonus, increasing by 1% per day till the end.
Then people come along 3 minutes after the IPO starts and bid twice the actual price. ::)

I cant really see how this can be blamed on jl777. Do your due diligence and check the frigging price before you bid.
SuperNET will be available for the next 2 weeks, so it's not like you need to rush right in in the first 5 minutes.
(Unless you're planning on trying to rip off n00bs/idiots/the gullible by re-selling higher immediately)

So calm the f**k down, there is plenty of SuperNET for everyone, at the 'official' price.


And, by the way:
James' idiot rescue service in full effect. I'd just have laughed and shrugged my shoulders, tbh. He's a better man than me.

Yeah, hope you're really, really proud of yourself.

Don't hate the player, hate the game.

True....but someone, somewhere has just lost 3 BTC because of a combination of their own stupidity and Tjugo's greed.
And he/she/they probably isn't quite as happy.

Yeah, it's pretty low, but then if he didn't do it, somebody else would have, because let's be honest, we're all here for the money.

I think perhaps it was a misjudgement to allow this to happen, but there will always be the exploiters and the exploited in cryptocurrency.

ahhaha IPO faggotry.. you guys get what you deserve  8)

From reading this thread I assume Bter's stock ran out?

nah they just stopped the Selling side by the regular traders other than BTER and James (jl777). This should have been the case since the beginning. and would have prevented the issue.

Now Bter is doing all the selling on their side following the rules that was set out to them (following btcd/nxt prices every minute resetting the price, 5% increase in token prices(which is offset by nxt/btcd prices going up), etc.).

The TOKENS were made available in batches according to the IPO announcement and are STILL BEING MADE AVAILABLE IF ANYONE WANTS THEM

What happened some people after a quick buck bought and then put up a sell order... (this should have been prevented)

Because there is a short time before the NEXT IPO batch is posted, and the previous batch was exhausted these secondary sell offers were the best offer and got matched.
the volume of this activity was small compared to the overall volume invested.

BTER has fixed this by preventing SELLS and this was done within the first 15minutes and BTER/SUPERNET are compensating those who got caught out.

So its fixed but I think SUPERNET have the last laugh on the people misguided to think this 'quick buck' is what SUPERNET is about...

LOL
Newbies accounts trolling... holders of obsolete coins are scared to death!
Talking about death, how are your coins doing? :D :D :-*

An honest evaluation of the value anybody?

Wonder if it will be cheaper after the IPO is done. What is the current price?

Well said, sir :) best explanation possible!

People don't pay attention, don't read all they should, then scream that they dropped their money out the window. And we should... do what?

lol

did you put money on something called "supernet"? Really?