It is painful seeing words like pump to discribe the success of a project, so maidsafe is only designed to be a pump and dump coin. This project baffles me how is able to sustain the price, the project has been on for some time and nothing to show for the investment received to develop the project, one day it will actually be done on people that most of these tokens are just designed for experimental purpose and nothing else.
Actually, all markets are pump and dumps, simple or intricate, very short or very long. Oil, gold, stocks, fiat currencies and even tulips experienced bouts of pumping and dumping.
As long as buyers and sellers feel greed or fear, it will always be.
- Oil is used to power cars.
- Gold is used in electronics in PC's.
- FIAT is a CURRENCY that is backed and needed and regulated.
- Stocks are REGULATED and their creators are held ACCOUNTABLE.
Do not.. and i repeat, DO NOT dare compare real legit things with scammy ICO scheme digital token bullshit !
I am not havin' it little profiteer investards, not on my watch bucko !
Regardless of usability, everything can be pumped and dumped. If trading for profit is illegal, you'll only see a straight diagonal line up or down, even a flat line, depending on supply and demand. No need to study markets, just laws of economics.
Housing derivatives caused the worlds economy to collapse.. not Oil or Corn or Gold etc.
There is no need for shitcoins.
There is a need for gold and food and oil etc.
The recession was caused by shitheads scumbags passing off stock bundles of worthless garbage.
Empty envelopes they claimed were valuable.. simply because a bubble was created.
The bubble popped and the US govt had to hand out bail out's and other countries did not fair so well ..like Greece.
And that shit WAS regulated too !
Altcoin bail-out's anyone ? LOL
I can take a fat stinky god damn shit on your porch and you greedy ass fucking losers can pump and dump it.. doesn't means it's valuable or needed or useful or wanted.
One of you will be stuck holding the bag !
Sounds an awful lot like a fucking Pyramid scheme now don't it ?