Why does anyone think XCR will even be worth 650 after the ICO? I mean, before the ICO it did get up to 1300-1400ish (at very low volume), but for a decent amount of time XCR was barely above 650 to begin with (again at low volume).

Someone correct me if I'm wrong, but by 6 months after the ICO is over, I'm not sure if there is any guarantee anyone will even be running XCR anymore. Lead dev for XCR even going to keep working on the coin? Foundation members still involved?

Now factor in a stronger competitor (Lisk), with lead dev of XCR now assisting Lisk, and over half of the XCR in the hands of one party (Lisk devs) ... why would anyone want to invest in XCR?

The best way for XCR to survive would be for a new dev to take over the coin, change how it works or differentiate it (a lot), and for the Lisk devs to burn a large percentage of their XCR. I'm not sure if it's worth even 650 to take the risk all of those things will occur.

Beats me if it's legit or not. I'd like to think it is, but there are certainly red flags.

Original dev (Lionel) apparently wrote a whitepaper for a coin that wouldn't work. He asked for BTC without a real plan to make a working coin and was adamant against escrow. He stated he would post his personal info in the forums, yet never did. Then seemingly vanished, and EK took over the project.

EK also had been adamant against the idea of using escrow (even though he wasn't even in charge of the coin while he was arguing this).

And I guess due to legal reasons, there is now some new guy, Lannister, who is in charge of the website and the donated funds. No idea who he is, what his background is, or his real name.

Most of the forum is full of technical discussion between 2-3 people -- stuff devs normally talk about behind the scenes or with whomever is actually coding the coin. Nothing wrong with that, but very little real info has been presented ... like who is coding the thing, or background info on whatever team they do have.

Let's just say one would need a high threshold of risk to put any serious money into it right now. Like seriously 'willing to throw away btc' type of risk threshold.

They realized ahead of time that the XCR coins taken in would be of limited real value. XCR will in effect be dead (or dead-ish), after the ICO. Even if by some miracle the coin survives, no sane person would want to invest in a coin where a single party owns 60%+ of it... never-ending sell pressure.

And it won't hurt the Lisk dev funds, as they never planned on the XCR taken in to be major source of those funds in the first place. The BTC taken in is what they'll use.

That's the safe way to play it ... once you get your initial investment back, just leave the coins alone and wait. I'd say wait 6 months to a year, but it depends on how badly you need that btc. Of course if the coin doesn't go to 3-4x value, that plan doesn't work so well...

I put in 2.5 btc (equivalent, some xcr + 1 btc). That extra bitcoin's worth is just for trading with/recouping my investment.

Usually I would say more the merrier with exchanges, but in this case I agree with you. Only reason to use dinky exchanges is if a coin can't initially get on either Bittrex or Polo. Strange as it sounds to say this, Poloniex is one of the big boys now, so guess that should be the main goal to start with.

I haven't kept track of  the Chinese exchanges, but ideally the coin would get on one of those too (and obviously not Bter).

Yeah, I didn't mean it as a knock on the contest... any idea contest could potentially have problems like I mentioned. Guess I meant it just as a warning that it may not work out so great for anyone to post their 'once in a lifetime' idea, as someone else could just say it was their idea too. They'd be better off waiting for a later contest, or just make the thing themselves outside of any contest.

As just a general way to get folks talking about ideas, it's fine though.

I believe all you need to do is enter your idea on the Lisk forums, in their decentralized app section. Although looking at how this is set up, one can see potential problems.

Nothing to stop someone else from simply stealing an idea you post, sprucing it up a bit better than you, and by the contest rules, end up winning the contest. Or the opposite... someone having a great idea early on, posting it before you, even if you could code the entire thing by yourself in a weekend.

It's sort of a weird way to run a contest, especially since I expect a lot of repeated ideas ... and only three winners.

If people behaved logically, that argument would make all of the sense in the world. But that same exact argument was used against ETH during its ICO, as well. People use emotion when investing (usually too often), so if the coin starts to rise after it hits an exchange, they jump in ... same reason why people jump into a coin even though its been pumped several times its original value. Although not optimal profit, they are still hoping for some profit.

As for the price after it hits the exchange, who knows really. Typical behavior would be a 2-3x rise, then dump, sometimes near ICO levels, sometimes below. Maybe all the XCR people will dump, killing the coin... maybe a whale or two will pump ... anyone guessing now is just saying whatever they want to occur. The one bright side is with the btc taken in -- if used wisely -- the coin should be able to survive any potential dumping.

I'm not assuming there will be problems, but I wouldn't rule it out either. A lot of people probably will be withdrawing all around the same time... so you never know. If close to the deadline and there is a long delay, those slow withdrawals then become worthless.

As for Bter, I did escape somewhat unscathed. I chatted with a Bter rep (this was when the ICO first started), and knew something was odd... their rep kept giving me vague answers, saying to 'wait to withdraw' and so on. So I just cancelled the withdrawal and sold at around 920 (so technically a minor profit). Not as good as simply converting to Lisk, considering I had to rebuy at around 1000 or so, but it could have been worse.

I figured by now the Bter issues would have been fixed, and whomever bought my XCR got a nice bargain... but I guess not.

I wonder about that though. I'd say you are probably right, but there could be a lot of XCR people still about, and realizing they only have one week to unload their XCR before it plummets to nowhere. If too many XCR people are still around (and they don't want to go into Lisk), they could push the price down ... or more or less where it is right now. That also assumes there are no XCR withdrawal issues... in that case, nobody will want to buy XCR even at a discount.

I'm not saying this to keep the price at any particular level, as I already got my fill of Lisk ... but I too have looked at the XCR prices and wondered about folk's math skills. I sold most of my XCR above ICO price  during the 15% discount (beats me why folks paid that much)... then caught XCR dumped at about 1000 (actually first caught it at 880ish on Bter, but that didn't work out so well).

Only thing I can suggest, which is a lousy option, is if he has a stuck withdrawal, have him cancel it, and try to sell the XCR (probably at a loss, certainly less than ICO prices). XCR won't come out, but BTC will (or at least did a couple of weeks ago).

Yeah, noticed that. Weird thing is how little it'd really take to get the coin 4-5x higher. Guess that's partly due to being on Bittrex, which isn't the highest volume exchange to begin with.

Has the dev tried to get the coin on more exchanges? Things could get really interesting if it gets onto Polo.

Been ages since the ICO, but I seem to recall it going to about 3-4x ICO values, then falling... then low volume for a long, long time.

They also didn't have much money to use for that contest either.

I get why you are posting... you want to knock Lisk so you can get a better price later on if it dumps on the exchange. Of course what you post now will have no effect on the price weeks from now, so I suggest you wait until the coin hits the exchange before going into FUD mode.

Probably shouldn't be so transparent either  -- not that everyone doesn't already know why people spread FUD (or hype).

I also won't say you are wrong, it's possible XCR people will dump. No guarantee they will dump below ICO prices however.

Okay, that explains why the coin hasn't gotten as much attention here as one would logically think.

Do the devs for the coin ever post over here at all? It's sort of oddly quiet over here, which probably is the key reason there isn't much interest yet.

Caught some coin from the dump yesterday (after trying and missing the other dumps)... but like most people, I wasn't even aware of this when it was cheaper or during the ICO phase.

With all the attention Maid has been getting, sort of surprised Polo hasn't picked this one up yet. Potential for extra volume from those who missed out on Maid early on.

You know when I see that, I wonder if someone at Bter isn't doing something sneaky. Like grabbing the XCR from panicked buyers dumping so they can turn into Lisk themselves. Otherwise it makes no sense why they haven't filled the hot wallet... nobody is that busy, nor that lazy.

Early in the ICO I too thought there would be an initial dump, due to XCR holders cashing out. Now... not so sure. As you say, with that amount of BTC taken in, there is a lot of future potential. I do expect a dump (it happens with all ICOS)... just not sure it'll go below ICO prices.

I know some may look as ETH as a competitor, but it may be the reason the coin brought in so much, and also why there may not be as much dumping as one would think... I expect a number of people look at how ETH has done, and wonder if they just hold for a year, what the price may be.

I considered doing the same. But there is no guarantee that the dump ends up being below ICO prices.
Or below XCR prices (if you got XCR cheap enough on the exchanges). For a lot of us, the exchange rate can go below ICO levels and we are still in profit (however meager it may be), so that's an alternative to waiting and buying later. Admittedly it's probably not so easy to do now ... XCR prices have crept up.

I agree, I usually don't see that either.

Instead  devs usually would use a pre-mine, instamine or ICO manipulation so they end up with much more of the coin (certainly more than 8%), which they then could do whatever they wanted to with. I find it weird how folks here thinks devs do things from the goodness of their hearts or don't plan to make money ... usually devs are sneaky how they go about it, and even greedier.

The ICO funds are for development/hiring. Their own coin they can do whatever they want to with. Ideally it's just more of an incentive for them to raise the price of Lisk long-term.