A ton of money? To me that is not a ton of money they're asking even if it was money and not btc. People are going to hate and them same people get but hurt and try put others off. When I invested in ETH or LSK or a few others do you think they had got somewhere? No they had not that is why I risked it and the return paid me because I put faith in something before the ball was rolling. All the time people like you telling me how retarded I was oooooooweeee was it good taking profits all the way.
That separates those who take risk and win and those who waste time mumbling on. Everything you say after that is not worth reading as you clearly do not understand how to take risks for big rewards. I donated to the biggest ico oh hum bug the word the wording haha
We will carry this on 1 year from now because right now it's pointless.
They are asking for a ton of money for something that quite frankly is very cheap to upstart. They have already raised 100k for a product worth a fraction of that, so relatively speaking it is a ton of money for what it is. There is no advantage to an investor buying into this, literally non.
You buy into this and you get 15% cut correct? Say you invest 100 BTC, you technically only "own" 15 BTC worth. You are also relying on the site taking off in terms of traction (very high chance it gets low volume).
Example of outcome:
- You invest 100 BTC
- Total raised is 1000 BTC
- House does 100k volume (no chance in hell it gets anywhere close to this), at 1% HE that would be an expected 1000 BTC revenue. The investors, who chipped in 1000 BTC, only get 150 BTC from this. Your 100 BTC investment generated a whopping 15 BTC, which is a pitiful return for how low the floor on an investment like this is.
Now, lets do an example for if you did the smart thing and spread your investments out across a few bankrolls of well known sites that already have users (meaning you will for sure get volume, unlike option A):
- You invest 100 BTC
- Total bankroll across all sites is 10,000 BTC (combined BR of multiple sites)
- Total volume across all sites is 300k (combined volume of multiple sites)
- Assume BR gets 50% of EV. 1% house edge
- The bankroll would make an expected 1500 BTC (3000 from the edge, 1500 goes to BR investors)
- In this scenario you would also make 15 BTC. The difference? The floor is MUCH higher AND you still have your original 100 BTC that you can withdraw at any time.
This is such a terrible investment its not even funny.
Getting in early at the start means I'm not strongly being diluted by a ton of other people more so then other well established sites. The way it sounds to me is that once the initial sale is done as long as I don't sell my coins I'm not going to get diluted so it seems like a good opportunity to me to be a part of a profitable organization.
Edit: I see you're a money pot supporter, explains a lot.
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