Think about it. If the dev buys 1 BTC worth of coins, the coins go into his wallet and at the end of the ICO he gets that 1 BTC back. So he gets the coins AND the 1 BTC in the end. By selling the coins a little lower than the IPO, he gets the original 1 BTC back and whatever he sells the coins for as well and in this case it's very close to the ICO price, so in the end he gets his 1 BTC back AND the ~.98 BTC by selling the coins into his wallet, so free BTC. This is why I hate ICO's on exchanges, the dev or dev team essentially could get their own coins for free if they felt so inclined.
True... just that if it is done too often, it kills the dev's own ICO, assuming people look at the order book at all. And that 4BTC order is bizarre, since it stands out so much. If a dev was going to go that route, it'd make more sense to do it slowly and smallscale, not large orders like that. That's what I meant, a large order like that is probably more a detriment than a benefit, at least looking at it from a bigger perspective. I completely agree. I find it very odd that the only orders really about .1 are lumped together being sold at that same price. Like I said before I hate making assumptions, but tread lightly. |
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That's 81% of the total coins sold so far. Why would anyone buy and then sell at a loss? I hate making assumptions.......but the only incentive would be for the dev and friends to do this. They get the money back anyways for the coins at the end of the IPO, so free coins, and by and putting it a lower price than the ICO, they pretty much double up on on the BTC in the end.....and it looks like there is more interest in the coin than there actually is.
Can anyone give a better explanation? Like I said I hate making blind assumptions, but I really see no other reason for someone committing SO much money to this ICO and bailing at a loss less than 24 hours later......
Anyways, trade with caution.
There are always some sells below ICO prices for these sorts of things on Bittrex. They really should lock trading. Usually it's people who have a change of heart, and decide to take a minor loss on whatever they spent. But that 4+ btc order is bizarre, I agree. I'm not sure the devs would be benefiting, however. Devs could buy into their own ICO to sort of pretend there is interest in it, hence hopefully spurring on others to invest. In some cases, that is the only way for devs to get their own coin. But if they then put in an order below ICO prices, they are doing the opposite, as it shows there is little interest in the coin, and people are bailing. So I don't see how they would benefit by buying in, then selling below ICO prices, unless they figure people don't pay attention to order books at all. Think about it. If the dev buys 1 BTC worth of coins, the coins go into his wallet and at the end of the ICO he gets that 1 BTC back. So he gets the coins AND the 1 BTC in the end. By selling the coins a little lower than the IPO, he gets the original 1 BTC back and whatever he sells the coins for as well and in this case it's very close to the ICO price, so in the end he gets his 1 BTC back AND the ~.98 BTC by selling the coins into his wallet, so free BTC. This is why I hate ICO's on exchanges, the dev or dev team essentially could get their own coins for free if they felt so inclined. |
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Right now what looks really shady is the fact that there are multiple sell orders on Bittrex when it is an ICO and buyer wallets are disabled. Who is selling it at different prices and why? They are listed the way morons list ridiculous prices (1BTC each) etc. to try and raise the price. This should certainly not be happening for an ICO where the developer team are the only ones selling.
There were 3 HUGE buys and one smaller buy all in a very short time span yesterday: 0.00010300 10000.00000000 1.03000000 0.00010300 20000.00000000 2.06000000 0.00010300 12200.00000000 1.25660000 0.00010300 1800.00000000 0.18540000 = 4.532 BTC That huge order that went up just below IPO cost at .00010270 was: 0.00010270 85.47814767 0.00877860 0.00010270 1743.64575416 0.17907241 0.00010270 1.00000000 0.00010270 0.00010270 1.00000000 0.00010270 0.00010270 7.80000000 0.00080106 0.00010270 2.30000000 0.00023621 0.00010270 214.41071129 0.02201998 0.00010270 1.00000000 0.00010270 and 41943.36538688 4.3076 4.3076 =4.54 BTC That's 81% of the total coins sold so far. Why would anyone buy and then sell at a loss? I hate making assumptions.......but the only incentive would be for the dev and friends to do this. They get the money back anyways for the coins at the end of the IPO, so free coins, and by and putting it a lower price than the ICO, they pretty much double up on on the BTC in the end.....and it looks like there is more interest in the coin than there actually is. Can anyone give a better explanation? Like I said I hate making blind assumptions, but I really see no other reason for someone committing SO much money to this ICO and bailing at a loss less than 24 hours later...... Anyways, trade with caution. |
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I love the emphasis on NO PREMINE!!! but 21% of the coins are for an ICO. PEOPLE this is a 21% pre-mine. That's what an ICO is, it is a pre-mine by the dev but instead of waiting to dump the coins at a later time, he gets the money up front! That's what it is!
would it help your confidence if we streamed the genesis block and showing the wallet pre distribution? [/quote Possibly for others, yes! For me, anything pre-mine or ICO I stay for away from. Too much risk for my blood. |
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I love the emphasis on NO PREMINE!!! but 21% of the coins are for an ICO. PEOPLE this is a 21% pre-mine. That's what an ICO is, it is a pre-mine by the dev but instead of waiting to dump the coins at a later time, he gets the money up front! That's what it is!
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It's how all IPO's go these days! The dev literally sets what he wants for each coin and then gets BTC up front before a wallet even comes out! It's insanity man. Why do people buy in? Your guess is as good as mine. They hate money, that's all I can figure.
It's because IPOs can make money for investors too. Look at NXT with their insane rate of return. Even for all the failed ICOs on Bittrex, most made money for investors if they sold early. XBC on polo was like a 40x return on investment at one point. Via, another recent one (non-exchange ICO), has gone up to 6x investment. Of course pump/dumps aren't healthy for crypto, and plenty of people have been burned on ICOs too. But that's why they are popular. But to work even short term, they probably need to sell out, and that is becoming less likely the more ICOs that Bittrex runs. NXT was the innovator, there will never be another NXT without a great dev team and real plans for a coin. Very few early investors make money off of the other ICO's. A few did on ICB, but for the most part early investors don't make money at all. It's a gigantic risk to invest 10K satoshis on a coin where you can't see the wallet and the feature are just pictures in a thread. If the wallet and the system was out and you could test it all out, it would be a different story. That's how ICO's SHOULD be in my opinion. Product first THEN you invest. Not the other way around. |
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ICO price WAYYY TOO HIGH! You are going to end up destroy 90% of all coins!
Jap. If they dump the remaining coins after ico it will be cheaper than voot last night  as if they would destory them. rofl... This is a pure get rich by scamming you coin. THE DEVELOPER IS LITTERALLY SELLING 97% of the coins at his choice in price. FUCKING SERIOUSLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I have never witnessed such a thing in my life. It's how all IPO's go these days! The dev literally sets what he wants for each coin and then gets BTC up front before a wallet even comes out! It's insanity man. Why do people buy in? Your guess is as good as mine. They hate money, that's all I can figure. |
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Placebo maybe in few days we will sell at 8k
We are going down again...at a certain moment of time this coin will just be so cheap, that DEV will buy a lot of the coins himself and work hard and move it to the moon  I think the dev and his $63K couldn't give 2 shits about the price of this coin. |
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What? No way in hell am I going to try to break through that 500BTC wall, noob. It's an ICO. All the coins are for sale at the same price, noob. |
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I had a small buy order that was filled but I wish I would have had more! 888 under 400 satoshis a coin is just wrong! When the OctoHub starts churning out projects that price is going to spike!
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Every time this coin is added to a new exchange, the price is set good at nearly 10$ as promised by the dev. But suddenly, a buyer comes in and wants to buy WACG at stupid rates making it impossible for me to sell my WACG at good prices. This happened with me twice. Once on Allcrypt & Today on Bittrex.
Well what that says to me is it isn't worth $10 apice! If no one is willing to pay that price for it........ |
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We are going to try our best and get some features added extremely quickly, if anyone can help us with a project to get it going please contact us immediately we have setup development with others but they are all scheduled to be after this. So if anyone can help please contact us as we do not want to get delisted from Bittrex. Either this or we do a revival after the fact. We spent months on the iOS only to fall short.
Hmm your dev team of 15 spent months on the iOS which fell short and now you are asking people to help? Hilarious. No one wants a revival. People wants what was promised in the beginning. A revival would be just as big of a scam as this coin was in the first place. While we are at it, where's that big pre-mine at? Oh yeah....dumped....hmmm. Would be a good service for it to be de-listed. |
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Why blame the exchange while people are dumb enough to buy it? Yes, I think exchanges should do a better job at listing coins and not just take a bribe, but if people are blindly going to buy shit without even researching it then it really is their own damn fault. At least IMO.
there is no way to research a motherfucking scam.got it? it cant be done. what you did here is an old school fascist technique known as 'victim blaming.' http://en.wikipedia.org/wiki/Victim_blaminglet me quote: "Victim blaming occurs when the victim of a crime or any wrongful act is held entirely or partially responsible for the harm that befell them. The study of victimology seeks to mitigate the perception of victims as responsible.[1] There is a greater tendency to blame victims of rape than victims of robbery in cases where victims and perpetrators know one another." quit fucking blaming victims of crime because you want to protect a nearly dead system of 'quick coin listings' that is costing us as a community. fuck protecting scammers. lets put them to the fire! lets hang the scoundrels. stop saying that people can 'research' their way out of a scam where some dickhead changes the code and then quickly dumps 20 btc of coins that wasnt supposed to exist. no one could have done research to stop that and no is to blame except the scammer and bittrex. bittrex could have checks in place to stop this from happening. they could manually review a withdrawl of 20 btc and stop the fucking scammer and refund customers. yes, they have the power to do this. I am not for quick coin listings at all. I have stated in past posts that I think there should be AT LEAST a 30 wait period for exchanges to even consider adding a new coin. It's the alt world where everyone is out to make a quick buck. I know for a fact for a few BTC Bittrex will list any coin. Is an exchange going to turn down a $1500 dollar bribe because the coin might be a scam? In the real world business, sure, but in this wild west of the alt coin world, it's never going to happen. You can yell at me and use the word fuck as many times as possible, but investors have to get smarter. I have never see people throw money around in such a messy fashion as the alt coin world, it's insane. You tell me there is no way to research a scam. Why are people so willing to throw their money at shit they know nothing about? People have thrown so much money at IPO's where there is no product up front, no wallet and no future. But people are still willing to throw money at it. If anyone is an exchange buying a coin they know NOTHING about it's their own damn fault they lost money. Even if you do look into a coin and it says no pre-mine, check the damn blockchain. Oh look there was a GIANT pre-mine, let's not invest in this. |
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Why blame the exchange while people are dumb enough to buy it? Yes, I think exchanges should do a better job at listing coins and not just take a bribe, but if people are blindly going to buy shit without even researching it then it really is their own damn fault. At least IMO.
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Dump it and forget it.
Sometimes i'm wondering. Those people just say this to be able to add coin? Because which reason would people post something like this when they are already out of the coin. Just a thought Btw: i also have used that method, dump it, too expensive, but i mean it when i say it, and then a coin drop low enough and i start buying it. In fact, check my posts on ICB, in the beginning i clearly said, 8000sats too high, too expensive, but a coin change in price, in feature, in dev, so people adjust their opinion based on activities that are happening on a coin. Now i would say 1000sats with a new dev and some feature changes it looks pretty cheap. Checl QTL, was dead for weeks, months, and look now Just something to think about Look at Noahcoin was trading at 10 sats, nobody cared, and suddenly 400 sats, people that dumped at 10 sats aren't pretty happy, i think here is the problem. the coin is featureless it has bad branding it has a reputation for scam bagholders are still holding from 8k causing overhead resistance bitspender has 2.1 million coins and can kill any rally no one gives a shit i can go on but you see how these problems make this is a terrible investment. i fucked up and bought the ico and dumped at 3300. i feel the pain others did but i have to admit getting rid of the bags felt better than hoping somehow this coin makes it to the hall of fame. And not all coins rally. I have been holding a lot of coins for MONTHS waiting for a rally while the price keeps getting lower and lower and lower. Once in awhile a coin comes out of the abyss and makes a comeback but for a lot of coins there is no comeback. placebo, it's obvious you are a day to day trader and just looking to make a buck. Surely you can make money on scam and shit coins, but that still doesn't make it a scam or shit coin. I just don't see why people would want to buy this coin outside of the people who got scammed already trying to bring down that average price they paid. It's a pure POS coin with no features and one guy owns half of them. I just don't see why it would ever be worth owning. This coin is worth nothing if nobody innovate it. Yes, i'm a trader, i'm not technical or so. Correct a lot of coins has been doing nothing, and only move lower, and why? Because nothing is done for the coin. If the new DEV doesn't add any feature then this will die too, but if he can add then it will move higher. So the coin has has everything going against it. Known scam, no innovation, a lot of bagholders who are holding at a HIGH price, and a whale who owns nearly 50% of the coin. I just don't see why a new dev would even want to attempt to turn it around, unless they were one of the big bagholders and want to try and raise the price. Just not worth it IMO. it is a risk, yes, and everything is against the coin, but that was also the case with VOOT, if you remember correctly... Yeah and how many other straight scam coins can you name that didn't recover like VOOT and are now worth next to nothing? |
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So the coin has has everything going against it. Known scam, no innovation, a lot of bagholders who are holding at a HIGH price, and a whale who owns nearly 50% of the coin. I just don't see why a new dev would even want to attempt to turn it around, unless they were one of the big bagholders and want to try and raise the price. Just not worth it IMO.
I sold over 1.200.000 ICB outside exchange, so there is no longer a single whale. Ah. I was just repeating what I read in a previous post. And I say good for you, hopefully you didn't take too much of a loss on them. |
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Dump it and forget it.
Sometimes i'm wondering. Those people just say this to be able to add coin? Because which reason would people post something like this when they are already out of the coin. Just a thought Btw: i also have used that method, dump it, too expensive, but i mean it when i say it, and then a coin drop low enough and i start buying it. In fact, check my posts on ICB, in the beginning i clearly said, 8000sats too high, too expensive, but a coin change in price, in feature, in dev, so people adjust their opinion based on activities that are happening on a coin. Now i would say 1000sats with a new dev and some feature changes it looks pretty cheap. Checl QTL, was dead for weeks, months, and look now Just something to think about Look at Noahcoin was trading at 10 sats, nobody cared, and suddenly 400 sats, people that dumped at 10 sats aren't pretty happy, i think here is the problem. the coin is featureless it has bad branding it has a reputation for scam bagholders are still holding from 8k causing overhead resistance bitspender has 2.1 million coins and can kill any rally no one gives a shit i can go on but you see how these problems make this is a terrible investment. i fucked up and bought the ico and dumped at 3300. i feel the pain others did but i have to admit getting rid of the bags felt better than hoping somehow this coin makes it to the hall of fame. And not all coins rally. I have been holding a lot of coins for MONTHS waiting for a rally while the price keeps getting lower and lower and lower. Once in awhile a coin comes out of the abyss and makes a comeback but for a lot of coins there is no comeback. placebo, it's obvious you are a day to day trader and just looking to make a buck. Surely you can make money on scam and shit coins, but that still doesn't make it a scam or shit coin. I just don't see why people would want to buy this coin outside of the people who got scammed already trying to bring down that average price they paid. It's a pure POS coin with no features and one guy owns half of them. I just don't see why it would ever be worth owning. This coin is worth nothing if nobody innovate it. Yes, i'm a trader, i'm not technical or so. Correct a lot of coins has been doing nothing, and only move lower, and why? Because nothing is done for the coin. If the new DEV doesn't add any feature then this will die too, but if he can add then it will move higher. So the coin has has everything going against it. Known scam, no innovation, a lot of bagholders who are holding at a HIGH price, and a whale who owns nearly 50% of the coin. I just don't see why a new dev would even want to attempt to turn it around, unless they were one of the big bagholders and want to try and raise the price. Just not worth it IMO. |
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placebo this coin will dominate with great profit for the holders and for the future for sure  Such a shill account. Register after the ICO and PoW phase are over, only ever post about this coin and only talk up the "future rise" of this coin and how wonderful it is. Fact is, there is nothing wonderful or relatively good about this coin. |
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Dump it and forget it.
Sometimes i'm wondering. Those people just say this to be able to add coin? Because which reason would people post something like this when they are already out of the coin. Just a thought Btw: i also have used that method, dump it, too expensive, but i mean it when i say it, and then a coin drop low enough and i start buying it. In fact, check my posts on ICB, in the beginning i clearly said, 8000sats too high, too expensive, but a coin change in price, in feature, in dev, so people adjust their opinion based on activities that are happening on a coin. Now i would say 1000sats with a new dev and some feature changes it looks pretty cheap. Checl QTL, was dead for weeks, months, and look now Just something to think about Look at Noahcoin was trading at 10 sats, nobody cared, and suddenly 400 sats, people that dumped at 10 sats aren't pretty happy, i think here is the problem. the coin is featureless it has bad branding it has a reputation for scam bagholders are still holding from 8k causing overhead resistance bitspender has 2.1 million coins and can kill any rally no one gives a shit i can go on but you see how these problems make this is a terrible investment. i fucked up and bought the ico and dumped at 3300. i feel the pain others did but i have to admit getting rid of the bags felt better than hoping somehow this coin makes it to the hall of fame. And not all coins rally. I have been holding a lot of coins for MONTHS waiting for a rally while the price keeps getting lower and lower and lower. Once in awhile a coin comes out of the abyss and makes a comeback but for a lot of coins there is no comeback. placebo, it's obvious you are a day to day trader and just looking to make a buck. Surely you can make money on scam and shit coins, but that still doesn't make it a scam or shit coin. I just don't see why people would want to buy this coin outside of the people who got scammed already trying to bring down that average price they paid. It's a pure POS coin with no features and one guy owns half of them. I just don't see why it would ever be worth owning. |
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This coin isnt dead! We have a great community and big investors There are 4M of ICB, its a low quantity, the price will rise!  Dev raises AT LEAST 100 BTC in less than a week with a non-innovative coin with no future plan in place. Yeah.......he's not coming back. he is out developing some ice cold tech to impress the 'investors' I'm guessing one of these new ICO coins to pop up recently is the dev trying to repeat his "success" with this coin. |
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