The era of easy money IPO's over?

[TaunSew]

Much of the present IPO crop is setting themselves up for a fall. They're asking far too much money for something that starts off as vapour.

NEM, Node and plenty of other examples showed how it should be done. Ground up is a healthier way to roll.

I don't see NODE as a success. It's floundering pretty low down the Coinmarketcap list for a second generation coin.

I wonder if NEM will also be a dumpfest.

But folks didn't have to lay out significant amounts of money to get in on the ground floor. It was free for the very earliest.

That surely does set things up for a short term dumpfest but I think they'll both have legs.

The exact same could had been said for NxT.  Those people bought in October when 1 BTC = $100ish.  I bought most of my BTC, in comparison, when it was above $700.

The guys spent 1.5 BTC limit ($150) and months later were sitting on $4-$6 million and yes a lot of them have been dumping ever since.  The moment NxT shows any increase in capitalization or increase volume - the whales start dumping.

[TaunSew]

Much of the present IPO crop is setting themselves up for a fall. They're asking far too much money for something that starts off as vapour.

NEM, Node and plenty of other examples showed how it should be done. Ground up is a healthier way to roll.

I don't see NODE as a success. It's floundering pretty low down the Coinmarketcap list for a second generation coin.

I wonder if NEM will also be a dumpfest.

But folks didn't have to lay out significant amounts of money to get in on the ground floor. It was free for the very earliest.

That surely does set things up for a short term dumpfest but I think they'll both have legs.

The Node IPO actually slipped past me, but nobody could really miss the NEM IPO.  I am pretty excited about it because I think it is the first time every in crypto that something like this is being tried.  I honestly don't know if it will be a dump or buy.  Of course some of both will be happening.  It is a very exciting time.

Well it wasn't as publicized but NODE stakeholder list had a lot of recognizable names on Bitcointalk.

[TaunSew]

Who would be the first to sell below the IPO price?

Someone who didn't pay the IPO price for the coins.

Who could that be?

In all seriousness, did anyone make any money with the Ethereum IPO? I haven't invested in any IPO because I just cant trust any. But IPO scams will exists forever since there will be fools forever.

I don't think it's even possible.  Ethereum is going to start at $16 million capitalization.   Where's the ROI?   If Ethereum went up 100x in value it would be $1+ billion capitalization.  That's compared to earliest people in Bitcoin who saw 450,000 times return.  Even today I think there are alternates that will later attain that rate of return.  Ethereum is just too big at launch and will fail for that reason.


https://blog.ethereum.org/2014/08/08/ether-sale-a-statistical-overview/

Even on Vitalik's blog he said top 100 wallets control almost half of Ethereum.  Wallets are not people.  When you invest huge sums you break it up into multiple wallets to minimize potential losses if they happen.  Ethereum looks to be a rich man's ponzi scheme (like Mastercoin 2.0) and for that reason it'll fail as there will be no subsequent buyers.